Blockchain Development

The expert blockchain developers at Mindinventory have gained comprehensive knowledge on blockchain technology, ready to take the financial institutions and economy forward.

blockchain development
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Blockchain Application Development

The blockchain is undeniably an ingenious invention, a decentralized database hosted by millions of computers simultaneously, and as its data is accessible to anyone on the internet there is no single version that exists for a hacker to corrupt.

Blockchain development will undoubtedly be an important part of the future, as it has the possibility to completely change the way we treat our interactions online.

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Our Blockchain Development Services

Features of Blockchain Technology

BLOCK

Each individual 'block' in the blockchain is made up of computer code that contains data and can be programmed to represent anything, at the moment the most popular usage is cryptocurrency.

CHAIN

The 'chain' is the encryption that securely connects all of the blocks. This blockchain is then stored on a distributed ledger which is stored on thousands of computers throughout the world simultaneously.

Key Benefits of Utilizing Blockchain Technology

  • A blockchain offers a single source of information that is completely transparent. If any member that uses the network attempts to make a change to a block, then every other user of that network is able to see precisely where the change happened and as such are able to determine whether the change was authorized or not.
  • The information stored on the blockchain is virtually tamper proof. If, for example, the distributed ledger is shared across 4,000 computers and an individual wanted to change some information that was recorded in one of the blocks and remain undetected. Then it would be necessary for them to hack all 4,000 of the computers that host the distributed ledger, which would be an extremely arduous task indeed.

Industries That Use Blockchain Technology

The banking industry may be sophisticated in its current form, but the introduction of blockchain technology is certain to improve the more sluggish facets of the financial world. The further implementation of blockchain technology will increase the speed of banking services as well as the decreased reliance and the fees associated with intermediaries like brokers.

banking
Banking & Finance
auto
Automobile & Transportation
healthcare
Healthcare
online shopping
Online Shopping
elearning
eLearning
real-estate
Real Estate
government
Government
insurance
Insurance
trading
Trading
warehouse
Warehouse

Walmart may seem like an unusual choice to be a pioneer in the world of blockchain technology but it's true! The retail collosus began to utilize blockchain technology in 2016 in order to closely monitor how livestock from China made its journey from farm to the American table. It is firmly believed that using blockchain technology in such a manner will help companies reduce food spoilage and prevent disease outbreaks.

All varieties of legal agreements require courts and lawyers to make them valid. But an increasing number of firms throughout the country are experimenting with 'smart contracts'. Smart contracts are self-executing contracts that utilize blockchain technology and are able to transfer money straight from escrow once a party transfers a deed.

Development Platforms for Blockchain Technologies

ethereum

Ethereum is perhaps the most reliable and widely spread platform for the creation of viable blockchain systems. Despite the fact that the whole platform is relatively new and has only been developed a few years ago, Ethereum has taken its place at the forefront in the world of developing platforms for blockchain technologies.

Why Choose Mindinventory for Blockchain Development?

Here at Mindinventory, we have some of the best blockchain developers in the industry on out team, who will respond quickly and professionally to your needs, and provide YOU with ongoing support for all of our products. So you can be sure that your journey into the exciting new world of blockchain technologies will not be alone.

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