The name blockchain offers a pretty accurate description of what it is—a digital chain of blocks that contain information. Blockchain allows a group of privately connected computers to share one ledger that is secure and accessible for everyone participating in the blockchain. The information they contain is transaction-based, which means the blockchain operates as a ledger, recording transactions that occur between multiple parties.
Blockchain is used by a lot of businesses as an alternative to traditional banking, particularly for businesses that transact using cryptocurrencies. Unlike traditional banking, blockchain technology is open and available for anyone to see. Whereas with a bank, your information is kept private, with blockchain, your information is public and available for anyone else who is on your secure blockchain to see at any time.
But just because it’s public doesn’t mean it’s insecure. In fact, blockchain technology is thought by many to be more secure than traditional banks. People can access and see your information, but they can’t change it. What this means for you is that you have full transparency when it comes to seeing where your money is going and how it is being sent when it’s on the blockchain. Similarly, your transaction partners can see where their money is going, which creates trust between businesses and improves the process of making and managing business transactions.
While people can see your transactions, they can’t necessarily see your personal information. Everyone on the blockchain has a digital signature, which is separate from your personal name. This improves the security that blockchain offers.
Blockchain is managed via a peer-to-peer network that works together to validate new blocks. Any changes that are made to the data in any particular block has to go through a process of changing all the subsequent blocks. This is the main reason blockchain technology is more secure and hack-proof than traditional banking.
Blockchain technology works with all currencies, which is a major benefit for businesses that work with different types of currencies, including foreign currencies and cryptocurrencies. Even better, blockchain technology isn’t limited to only handling financial transactions. It can also be used to track and store data for any important data that’s transacted, including personal information, business data, contracts, and even health records. This is why blockchain is becoming so important and relevant to businesses across the globe, including businesses that transact almost or entirely online.
We have several blockchain development services to help your business develop a blockchain app so you can securely record, monitor, and track important transactions between you and your business partners. Here are the services we offer.
Confianz Global® develops private blockchains for businesses so that you can have quick, inexpensive, and low-risk transactions between you and your business partners and customers.
Our main goal for businesses is to create efficient and secure solutions. We aim to provide businesses with secure solutions for all of their transactions in as little time as possible. Our decentralized application development solutions are ideal for our clients who have high-security needs and only a short amount of time.
Our bitcoin developers will give you a seamless cryptocurrency exchange experience that’s as secure as it is fast and easy to use. If your business operates using cryptocurrency, you can trust Confianz Global® to improve your crypto exchange transactions, saving you time and money in the process.
We can help your business get rid of the time-consuming middleman with our smart contracts development solutions. These solutions are designed to help companies successfully execute their ideas without time-consuming interventions or unnecessary and annoying red tape. Many of our solutions include adding automation to the process to free up time, save money, and increase your business's overall efficiency
When your business transacts using cryptocurrencies, you need a secure wallet for crypto storage. Trust Confianz Global®’s wallet services to keep your currency secure. Our wallet development solutions follow all industry regulations and ensure that your cryptocurrency is managed safely and securely.
Don’t worry if you aren’t an expert in blockchain. We are, and we can help you find the best blockchain technology solutions for your business with our expert blockchain technology consultation services. Our consultants will work with you to understand your business needs so we can suggest the best blockchain technology for you along with how you should execute it for maximum profitability and security.
E-commerce businesses have benefitted greatly from blockchain technology in recent years. If your business is in the e-commerce sector, Confianz Global® can help you revolutionize it with cost-efficient, fast, and safe solutions that will improve your business’s performance and ability to compete with other e-commerce businesses.
IoT has a lot of benefits, yet there’s always a security risk because of its client and server model. Confianz Global® has blockchain technology solutions for IoT that are foolproof and secure, reducing the risks that come from the IoT.
Blockchain technology is attracting the attention of more and more businesses around the world, including app development firms. Originally used as a way to monitor and track Bitcoin transactions, blockchain technology is now being used for transactions of all kinds, not just those that involve cryptocurrencies.
Confianz Global® is a blockchain development company. We have a dedicated team of experienced blockchain developers who are able to give you the best solution for your business’s blockchain app needs. We have blockchain application development options for every type of business that wants to switch to using blockchain technology to manage their important business transactions.
Blockchain has proven to have many useful benefits for businesses, which is why it has become increasingly popular over the last several years. If your business isn’t using blockchain yet, here are some reasons why you should consider it.
Blockchain is extremely secure, thanks to how it keeps and stores records. All transactions are encrypted after they are approved and linked to the previous transaction (or block). All the data in a blockchain is stored in a network of computers, not a single server. This makes blockchains extremely difficult, and in many cases impossible, for hackers to access.
Blockchain technology is advanced, but that doesn’t mean it’s costly. In fact, it’s less expensive than many other types of record keeping and financial tracking. It gets rid of all the middlemen and allows you to operate only with your business/trading partner which reduces costs significantly.
Unlike traditional banking systems, which are private and only accessible to people who are listed on the bank account, blockchain technology offers full transparency to anyone who is on the distributed ledger system. Everyone connected to a blockchain has the exact same documentation. Further, everyone who participates in a given blockchain has to agree before an update can be made. This means nobody can make changes to the blockchain without getting consent from everyone on the blockchain, making the blockchain more trustworthy, transparent, and consistent than other types of financial tracking, including banking.
Because everyone on the blockchain has a transparent, traceable record of each transaction, blockchain is extremely easy to audit.
Blockchain technology is extremely efficient, especially when compared to traditional methods of trading, which often involve human error that can add time to transactions. The automation that blockchain technology provides makes every transaction more efficient, giving you more time to focus on your business instead of on managing your transactions.
Blockchain technology, by nature, is easy for participants to trace, since it makes it easy for participants to track data. All the information that gets added to the blockchain is transferred to every participant.
Strict NDA and contract with the jurisdiction set to your own state in the US.
No third party outsourcing on design, development or support/maintenance.
All projects are insured by third party.
Work for Hire - You own the intellectual property rights to your application. We do not reuse or sell your code or data.
With our global presence, we are affordable for startups, to SMBs, to large corporations.
Excellent experience working on small to large projects from SMBs to Fortune 500 companies.
In-house team who can prototype, design, develop, test and get the application approved in the Google Play Store.
We have excellent experience in building web services that can be the backbone for your Android app.
Hands-on experience with Amazon Web Services, Google Cloud, Rackspace and Digital Ocean for your hosting needs.
Solid team who can help scale up or down your needs based on how your business is growing.
As easy as it is to use, blockchain technology is still a relatively large concept to grasp. It has a massive scope, which means it can be used in almost any industry. There are almost limitless applications of blockchain. If you’re in an industry that isn’t listed below, or if you want to learn more about how a particular blockchain application can benefit you and your business, reach out to us to see how we can help you with your blockchain app development. Ready to hire an experienced team of blockchain app developers for your company? Confianz Global® has the blockchain development tools necessary to help your business have more secure, transparent, and efficient transactions with all of your transaction and business partners. Contact us today to learn more.
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