A safer alternative to the public blockchain that keeps the database safe. As a blockchain development company, we leverage Private Ethereum Blockchain Development flexibility and develop a system with the help of Ethereum consensus. The result is a highly secure private blockchain infrastructure.
Whether you want an automated claim settlement, invoice smart contract, Asset Traceability, Insurance Policy Tokenization, or health wallets- we’ll analyze, understand, and deliver a highly efficient, state-of-the-art Smart Contracts Development ICO. To reduce human interventions and mistake with our ICO solution, hire expert Blockchain developers.
Estech Digital is a pioneer in extraordinary white label crypto exchange development to facilitate faster and secure transactions. Build a scalable cryptocurrency exchange platform that focuses on connectivity, security, and seamlessness with features like automated market making, marginal trading, high-quality trade engine, and an atomic swap.
By allowing users to earn, transfer, and monitor visual currencies, cryptocurrency wallet app development is one of the top preferred way outs for money transfer and storing. We take pride in developing high valued secured wallet app development, including the topmost features like a paper wallet, conversion rates, etc.
Decentralized applications or dApps are the most secure alternative to centralized exchanges. We have experience in Decentralized Application Development (dApps) using smart contracts as a feature. For clients who come to us with high-security needs, we help them with dApps within a short time.
The effect of blockchain in the eCommerce and retail industry is quite evident. Blockchain technology is making transactions and money transfer secure, reducing the hassles of buyers and sellers both. The Distributed E-Commerce Development will continue to bring notable changes.
Internet of Things integrated Blockchain can bring you more profitable results. Using distributed ledger technology, we are capable of Blockchain IoT app Development to create the perfect interoperability solution IoT applications. Talk to our experts to understand better.
Want to strategize your blockchain solution? We have worked with numerous clients- both startups and enterprises and proposed them the ideal use of their tokens, multi-currency management dashboard, etc. and bringing efficiency in their business in our Blockchain Technology Consulting service.
How Blockchain addresses money transfer
The above figure talks about the accepted way of transferring money globally. When X in the US tries to transfer money to Y sitting in Los Angeles, USA, it takes more than 3 days and a 3rd party charge, making the transaction costlier.
- Time : 3 days or more
- Middle-man : 3rd trusted party
- Processing fee : X amount
But with Blockchain the money transfer happens instantly without any 3rd party transaction fee, which in addition is secure and faster. It excludes central agencies, correspondents, and middlemen from payment processes. Trust is in place.
- Time : Almost Instantly
- Middle-man : No
- Processing fee : Negligible
The way Blockchain addresses money transfer
Open ledger
At the genesis, let’s say A has $10 and wants to transfer $5 to B. That transaction and the following ones get recorded as an open ledger. Participants in the network can mark a transaction as invalid as A doesn’t have $15.
Distributed Open ledger
Everyone in the network now can have a copy of the ledger and we don’t need a centralized record. But now, every copy of the ledger have to be synchronized, making sure that everyone sees the same version.
Synchronized network
‘B’ broadcasts the intended transfer of $1 to D to the network. The special nodes, miners will first try to validate, find a special key and add it to its block list, investing computation power and time. Now it broadcasts the validated transaction and key to the network for others to add to their own list.
Want to kickstart your Blockchain app development project?
Get In TouchBlockchain applications that we develop
Blockchain is a technology that is yet to be explored. The scope is huge in a lot of industries to create custom software applications and enhance their efficiency. Our long list of industries we serve for Blockchain development includes:
IoT
Three major benefits of using Blockchain in IoT are: it builds trust between devices and parties, reduces the operational cost, and it accelerates transactions. As a trusted Blockchain app development company, we deliver all these three as results.
Real Estate
Whether you are looking for predictive maintenance, increase in energy efficiency, smart property blockchain application, or faster decision making, blockchain is solving major issues of the real estate industry.
Healthcare
Blockchain has a decentralized platform that makes the healthcare system hack-proof. Hence, the data cannot be compromised. The data is encrypted but can be accessed 24*7. Hence, healthcare solutions using Blockchain is the only future.
Ride-sharing services
Transportation dApps have solved the most pressing issues of transportation that include late payment, third-party involvement, etc. It enables peer to peer transactions easily.
Shipping and logistics
Blockchain enables highly cost-efficient supply chain operations for shipping and logistics companies. It ensures trusted data transfer in the logistics ecosystem, keeping things transparent and in your control.
Ecommerce
Blockchain is taking complete hold on eCommerce, where marketers can put their demand forward and plan the supply chain without involving the central entity. Thanks to the finance & payment solutions, using Blockchain that is making doing eCommerce business easy.
Case study
Bit Market Ltd.
Powering one of the leading cryptocurrency trading platforms with annual trade volume of $100m+
Tried & Tested Blockchain tech stack
Application Layer
We intersect user interactions with your business logic
- Decentralized Application
- dApp Browser
- Application Hosting
- Programming Language (Python, Java, C++)
For Services Layer
We merge app operations with necessary connection to technologies and platforms.
- Multitrackers
- Application server
- Digita Assets
- Distributed file stores
- Smart contracts
- Oracles
- Wallet
- Digital identity
Protocol Layer
This finalizes how network participation and agreement goes along with each other.
- Permissioned & Permissionless
- Proof of Work
- Consensus Algorithms
- Side Chains
- Gossip
- Etherium Virtual machine
Network Layer
This helps in keeping the data at one place. Ideal for peer-perr network.
- Peer to Peer
- Network for Block delivery
- Roll Your Own
- RPLx
- Trusted Execution Environment
Infrastructure Layer
Blockchain as a Service, BaaS to keep every node in control.
- Mining as a Service
- Networking
- Virtualization
- Computing
- Storing
Tools and technologies
EOS
Hyperledger Fabric
Hyperledger Indy
Hyperledger Sawtooth
Ethereum
Parity
NXT
Multichain
Exonum
Stellar
Why Go For Blockchain - Key Advantages
Maximized Security
Blockchain tech is a decentralized system. The data entered is synced and stored within a network of computers instead of a single server, maximizing the security. Along with that, the use of encryption makes sure that your data stays secure from prying eyes.
Simple to use
Compared to other software created to perform the same task, Blockchain is a much simpler platform. It is easy to use on various devices. While other software is harder to develop and deploy, blockchain software is easier and cost-friendly to design, develop, and deploy.
Reduced transaction cost
On the trustless system of Blockchain, you don’t need to trust any third-party or middlemen like banks. You can send and receive money with zero transaction case, straight to the person you want to send it to, instantly.
Increased Transparency
As a distributed ledger system, there is better transparency in the blockchain. All the participants share one single ledger that is synced after consensus, meaning everyone must agree on the update of the blockchain. The data is immutable, meaning no one can change it.
Easy to scrutinize
Auditing any deal is a lot easier with blockchain. All the data is entered and stored sequentially and accessible to everyone who is part of that blockchain. This way, any transaction can be easily scrutinized by the parties involved.
Efficient and Fast
As a trusted Blockchain Development Company, we make the process a lot faster and more efficient than the traditional transaction process. While the traditional process takes days to process the transactions, over blockchain, it happens instantly. No need to wait for days to receive payments now.
Blockchain FAQs
A private blockchain is better for those who want some control over what kind of data people can access over the blockchain, while public data is preferred by those who prefer the complete transparency that comes with it. Our Blockchain development services specialize in both.
Besides the banking sector, these are some industries where blockchain is booming- education, real estate, IoT, healthcare, supply chain management, energy management, government, finance & payments, and public records, etc.
Blockchain can help develop a startup. It can not only replace the antiquated digital systems for you but also make you one of the early adopters of blockchain tech. Hire Blockchain developers for blockchain bitcoin wallet development and other developments.
Bitcoin is a kind of virtual currency only available electronically. This form of currency doesn’t have any centralized figure such as banks or government, to regulate the circulation of bitcoins.
A dApp or a Decentralized app is a software that uses blockchain technology and uses a peer-to-peer network rather than a centralized one. Examples of DAPP include- Bitcoin, Ethereum, etc. which are some popular blockchain application platforms.
The use of custom blockchain application development can positively influence crowdfunding. The public ledger system of blockchain leads to a transparent and accurate record-keeping of the entire campaign activity to let the investors know what exactly is being done with their money.