Blockchain is a distributed ledger technology and it induces ‘trust’ in the ecosystem by preventing unauthorized data manipulation and theft. A blockchain solution will take place of a pre existing mediator thus proving to be a cost effective solution to be implemented within an organisation. Blockchain has wide range of use cases and the most familiar one being cryptocurrency – Bitcoins, Ethereum etc. Blockchain based solutions can improvise and transform businesses such as supply chain, banking and finance, food, healthcare, manufacturing, insurance, travel, hospitality and so on. In addition to adding transparency and trust to your solution, blockchain technology can help you automate key processes, reduce risks, enhance data security and integrity.
We have implemented smart contracts, private blockchains and distributed applications (DApps) on widely used blockchain frameworks i.e. Hyperledger and Ethereum. Likewise, we’ve also used services offered by Amazon Web Services, Microsoft Azure and Oracle Cloud for blockchain solutions development. These services include Amazon Quantum Ledger Database (QLDB), Amazon Managed Blockchain, Blockchain Workbench etc.