What Makes A Great Blockchain Development?

Blockchain technology is the current talk of the town, and for good reasons. It's beneficial for all kinds of businesses, extending its usage far beyond the lanes of cryptocurrency. For this reason, the world is seeing the emergence of more and more skilled developers who are proficient with blockchain services. One such blockchain development company in Kolkata is Wordsys Information Technology.

They've been in the business for years with several satisfied and happy clients. If you're still new in this industry or looking for a reliable company, Wordsys is the right solution for you. Read further to know what is blockchain technology exactly and how can Wordsys help you-

What is Blockchain Development?

The merits of blockchain for business are based on four characteristics that are unique to the new tech:

●      Consensus: Distributed ledgers are modified only once all parties concerned have validated the activity.

●      Replication: When a block – a record of an event — is accepted, it is replicated across all ledger accounts for all service players. Every network participant has access to a single "trusted reality" of the events, which they may examine and exchange.

●      Immutability: More blocks can be created but not withdrawn, ensuring a permanent record of each transaction and increasing relationships with stakeholders.

●      Security: Blocks can only be created by authorized entities, and they can only be accessed by approved entities. Access is granted only to trusted parties.

How Can Wordsys be of Help?

1. Blockchain Architecture

Our in-house blockchain developers have extensive knowledge of how blockchain works and build upon an appropriate architecture for your company's success.  They're well versed in core topics like cryptography, consensus, hash functions, distributed ledgers, smart contracts, and any other ideas integral to understanding blockchain's fundamentals. They're also familiar with the four types of blockchain architecture- consortium, private, public, and hybrid.

 

2. Cryptography

In order to prepare a secured blockchain environment, our team of experts has a strong understanding of cryptographic solutions and practices. They can successfully build wallets, keys, and digital signatures for a smooth experience. They know how to use public-key cryptography to prevent unwanted data access. They can also grasp the differences between cryptographic systems functions of SHA-256 and Keccak-256.

 

3. Data Structures

Data structures make up the overall blockchain platform. Each part can be thought of as a form of the data model for the open ledger's operations. Our developers in Wordsys can comprehend how the blockchain technology handles these data structures and are also conversant with graphs, heaps, hash trees, Patricia trees, and Merkle trees, among other data structures.

 

4. Smart Contracts

Smart contracts are self-executing agreements that allow two participants to acquire goods and commodities without the need for a third party to act as a mediator. Smart contracts have become a common feature of blockchain applications, and our programmers are familiar with them and understand how they impact the business rules. Smart contract programming languages, such as Vyper, Solidity, and Chaincode, are already known to blockchain engineers.

 

5. Web Development

With blockchain's focus on distributed systems, blockchain and web development operate as sides of the same coin. All areas of web development should be covered by blockchain specialists.  That's what makes us stand out from the crowd because our developers are not only aware of how to design and construct online apps, but also identifying how to optimize and protect them using the technology that underpins them.

Blockchain Technology: The Future is Now!

All the five capabilities mentioned above are necessary for a successful blockchain development company. Luckily, our team of experts in Wordsys are not only brimming with the talent to build a blockchain environment, but they can also comprehend

DevOps methods, use source control in a collaborative setting, participate in code reviews, write efficient and secure code, and keep current on developing technologies.

They have excellent cross-disciplinary skills and a solid understanding of open standards and interoperability technology. Plus, they're equipped with soft skills such as communication and collaboration to work well in today's Agile development environments.