Blockchain Development Company

There are several ways to build a blockchain network. They can be public, private, permissioned, or built by a consortium.

• Public blockchain networks: A public blockchain is one that anyone can join and participate in, such as Bitcoin. Its drawbacks include substantial computational power, little or no privacy for transactions, and weak security. But these are important considerations for enterprise-level use cases across the blockchain.
• Private blockchain networks: A private blockchain network is a decentralized peer-to-peer network similar to a public blockchain network. However, one organization governs the network, controlling who is allowed to participate, executing a consensus protocol, and maintaining the shared ledger. Depending on the use case, this can significantly boost trust and confidence between participants. A private blockchain can be run behind a corporate firewall and even be hosted on-premises.
• Permissioned blockchain networks: Businesses that set up a private blockchain will generally set up a permissioned blockchain network. It is important to note that public blockchain networks can also be permissioned. Also, this restricts who can participate in the network and what transactions. Participants need to obtain an invitation or permission to join.
• Consortium blockchains: Multiple organizations can share the responsibilities of maintaining a blockchain. These pre-selected organizations determine who may submit transactions or access the data. A consortium blockchain is ideal for business when all participants must be permissioned and have a shared responsibility for the blockchain.

1. As each transaction occurs, it is recorded as a “block” of data: In a blockchain, each transaction shows the movement of a digital asset that can be tangible or intangible. The data block can record every needed information of your choice: who, what, when, where, how much, and even particular conditions like the temperature of a food shipment.
2. All blocks are connected: Each block in a blockchain network combines to form a data chain, similar to an asset movement. These blocks confirm the exact time and sequence of the transaction, and the secure block linking prevents any block from being altered or inserted between two existing blocks.
3. Transactions are blocked in an irreversible chain, i.e., blockchain: Each new block augments the verification process of the previous block and the entire blockchain network. As such, this makes the blockchain tamper-proof and immutable. 

As a technology that is still evolving into its true potential, it will surely encounter exceptional legal challenges.

• Jurisdictional issues
• Governing law regulations
• Cyber security challenges
• Force majeure
• Intellectual property issues
• Accountability and decentralized autonomous organizations
• Databases as property
• Privacy of data
• Smart contracts
• Product acceptance issues
• Compliance and financial law regulations
• Due diligence requirements
• Antitrust considerations
• Confidentiality
• Virtual assets (crypto and NFTs)

Get a free consultation from our solutions and legal experts to know how you can address these issues.

1. Our blockchain experts work with you to build future-ready blockchain solutions that help you realize the potential of DLT with real-world use cases.
2. We adopt the best blockchain app development models to adapt to ever-changing needs while at the same time ensuring on-time project delivery. 
3. We are always flexible in our blockchain project development methodologies to accommodate your requirements.
4. We have partnered with leading blockchain technology service providers and platforms to make cutting-edge technologies available to our customers.
5. We have 7+ years of Fintech, blockchain, and AI industry expertise.
6. We have received the prestigious Frost and Sullivan award for best blockchain technology company as a recognition for our technological innovation and strategic blockchain solutions development.
7. Our diverse team of experts has created remarkable solutions for various digital startups, federal agencies, financial institutions, and Fortune 500 corporations.
8. We specialize in delivering high-quality blockchain services to drive more business value.

The costs involved in blockchain solutions development vary considerably depending on the project requirement, years of the technological expertise of the assigned team, and the number of developers needed across the project. Complex projects will require more time, developer resources, and energy, which automatically leads to higher costs.

Blockchain solutions' capabilities and features determine the time needed to complete your blockchain project. The more complex the functionality, the longer it takes to get it designed, tested, and launched.