Here’s what Turing Labs’ blockchain developers will do for you
The World Wide Web revolution took the world by storm in the 1990s and changed the face of the way the world did business. Now, nearly 30 years later, we are at the cusp of yet another revolution, one that will be brought about by blockchain technology.
Technologists that mean business have recognised that blockchain has capabilities of a greater import than just running cryptocurrencies, though that is a major application of the technology. Today, blockchain-powered solutions are being developed and deployed across industries to bring transparency and efficiency to business processes, eliminate redundant tasks, reduce the consumption of human effort, and enhance cybersecurity.
But, what exactly is a blockchain solution? It is a solution just like any other app that utilises in the back-end at one or more levels. For example, in supply chain management, blockchain could be utilised in an app that records the movement of goods from the point of their origin to their endpoint. Vital data such as the time of movement of the goods from point A to B, the weight of the goods, the number of boxes/packets, the vehicle registration number on which they are being transported and the name of the driver could all be hashed and stored on the blockchain. All the entities involved in the process will have access to this information and that will help them have absolute visibility on the movement of goods. Thus, in this case, blockchain is being used for recording data in an immutable manner.
Here, at Turing Labs, we have a team of technologists – Blockchain Solution Architects and Blockchain developers that will create a robust blockchain solution tailored for the pain points of your business. We have already discussed the role of blockchain solution architects in a previous blog, in this one we will take you through the major technologies that our blockchain developers will work with to create your blockchain solution. Let’s begin…
- Ethereum – Ethereum is the second-most popular cryptocurrency after Bitcoin and the Ethereum blockchain is knows for its Smart Contracts functionality. A Smart Contract is basically a piece of code that executes upon the fulfilment of pre-established conditions. For example, in a business, a company that has numerous vendors can set up a set contract for automating payments. When the company receives its consignment of goods, the manager has to scan a label on the packaging and upload it on to the blockchain. Doing so will trigger a smart contract that will automatically make the payment from a dedicated account to the vendor. The Ethereum blockchain is a public blockchain which implies that anyone can join the network and become a node in the network.
- Cardano – Cardano, like Ethereum, is a smart contracts platform whose major use case is fast, secure and inexpensive transfer of digital fund. But, Cardano can be scaled more easily because of its layered architecture. Cardano offers unique features such as separation of accounting and computation into different layers.
- NEM – NEM is an open, public blockchain platform that differs from Ethereum in the way it offers functionality. NEM has some unique offerings called Smart Assets that be used for developing a wide variety of blockchain solutions. NEM’s other built-in features can be used to define specific Smart Assets and then link them to create a system of business transactions on the NEM blockchain.
- NEO – NEO is an open-source platform that uses blockchain technology and digital identities to create and manage digital assets. In the NEO ecosystem, users can register, transfer and trade multiple types of digital assets. They can engage in secure, blockchain-powered peer-to-peer transactions without the need for any third party.
- Tron – Tron is a blockchain-powered platform created specifically for the entertainment industry. Tron aims to connect content creators with content consumers directly so that content creators can obtain the maximum value for their efforts. Tron also offers decentralised storage options for easy creation and distribution of content.
- EOS – EOS is a blockchain platform for industrial scale decentralized applications. EOS is unique because it promises efficiency and scalability by using parallel execution and asynchronous communication methodology through the network. Also, it creates a distinction between the various modules of DApps, such as authentication and execution, to enable all of them to work efficiently.
- Corda – Corda is an open-source distributed ledger technology platform designed to enable businesses to perform various processes with privacy and security. One of Corda’s main use cases is enabling institutions to maintain a shared ledger of transactions. In other words, Corda helps in ensuring the consistency of data across different parties, without them having to put in a lot of effort for the same.
- Hyperledger – Hyperledger is an open-source community and platform that offers tools and frameworks to developers for creating enterprise-grade blockchain solutions customised for specific use cases. At present, Hyperledger has six frameworks – Fabric, Iroha, Indy, Burrow, Grid and Sawtooth, each with its own unique features. For examples, Indy focuses on the creation and management of digital identities.
- Multichain – Multichain is a platform that enables organisations to build their own, private blockchains. Multichain offers a great degree of control over how the blockchain to be – public or private, the target time for blocks, block size, read and write permissions on the blockchain, who can act as nodes, metadata to be included in the transactions and much more.
Turing Labs’ blockchain developers can work easily and efficiently with the afore-mentioned technologies to give you robust and dependable solutions. Also, our developers are experienced enough to develop entirely new blockchains with their own unique features from scratch. The hourly rate of a blockchain developer at Turing Labs is from $45 to $65. For anything related to blockchain development, please feel free to reach out to us at email@example.com