Custom Blockchain Development

Blockchain & Cryptocurrency Development

The term ‘Blockchain’ is the latest buzzword in the digital diaspora today with custom Blockchain development the next budding prospect for enterprises. To put the Blockchain workings in simple words - It helps people draft entries into a ledger while a community of users inspect and command how this record of information is updated into the ledger.

The term ‘Blockchain’ is the latest buzzword in the digital diaspora today with custom Blockchain development the next budding prospect for enterprises. To put the Blockchain workings in simple words - It helps people draft entries into a ledger while a community of users inspect and command how this record of information is updated into the ledger.

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Auditing and Logging

For complying by the standards set by regulated systems and statutory authorities regarding non-repudiation, technology root cause analysis and other enterprise systems.technology root cause analysis and other enterprise systems.technology root cause analysis and other enterprise systems.

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Enterprise Authentication

Unlike public Blockchains, in enterprise-grade Blockchain solutions the participants have well- defines roles and are thus, required to be identified and tracked.

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Monitoring

For complying by the regulations and generally accepted IT practices regarding high availability, capacity planning, pattern recognition and fault identification.

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Auditing and Logging

For complying by the standards set by regulated systems and statutory authorities regarding non-repudiation, technology root cause analysis and other enterprise systems. technology root cause analysis and other enterprise systems. technology root cause analysis and other enterprise systems.

image

Enterprise Authentication

Unlike public Blockchains, in enterprise-grade Blockchain solutions the participants have well- defines roles and are thus, required to be identified and tracked.

image

Monitoring

For complying by the regulations and generally accepted IT practices regarding high availability, capacity planning, pattern recognition and fault identification.

Future of Blockchain for Businesses?

Blockchain is touted to be the next big thing in the financial sector. It could be a dominating force in future shaping the global finance ecosystem. Consider what Patrick Dugan, Board Member of the Omni Foundation has to say about the future of public Blockchain and Blockchain for businesses – “Blockchain, or as I like to call them, shared databases, have a place in improving efficiency for financial institution for back-office settlement processes. They should not be seen as controversial, or part of some dialectic struggle between punks and police. To the extent that the identifying shroud of AML/KYC can be placed into public Blockchain metadata (possible in Omni Layer transactions over the Bitcoin Blockchain) there may even be interoperability between these two sides of the train tracks. Right now, due to state-granted monopolies to issue credit, most of the world’s liquidity is still in banks. However, we believe that in the long-term, public Blockchain, especially those based on work, will come to take a more significant part in the ‘System D’ informal economy, which is where most of the global economic growth will originate.”

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Some of the possibilities that we can expect in future with the advent of Blockchain are:

  • Central banks adopting Blockchain cryptographically secured currencies.
  • Reduced cyber risks owing to the identity authentication through a visible ledger.
  • Small and medium enterprises using Blockchain to build trusted trading platforms amongst themselves for Accounts Payables and Receivables for example.
  • Robustness and transparency within the post-trade environment.
  • National economy to be dominated by Bitcoin and cryptocurrency.
  • Blockchain technology could aid social welfare in developing nations.

With the multifold possibilities that Blockchain technology has to offer, we at Prolitus are striving at tapping the best of it for our clients. With a team of expert Blockchain consultants who help identify and analyze the different use cases of Blockchain for your business, you can be rest assured to get most befitting enterprise-grade Blockchain solutions.

Drop us a mail at sales@depextechnologies.com today to use our proficiency in Blockchain solutions development for validating your product idea, creating prototype, and designing a Blockchain as per your requirements.


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