Blockchain Development

Blockchain is a unique distributed record that saves data and verifies its integrity. Commonly referred to as DLT (Distributed Ledger Technology), blockchain makes the past record of any digital asset transparent and unalterable by availing decentralization and cryptographic hashing. A shared digital history is vital as digital transactions and assets are easily copied or duplicated. The main idea behind Blockchain technology is to allow people, to share valuable information in a secure manner. The innovation of a blockchain is that it guarantees the fidelity and security of a record of data and generates trust without the need for a trusted third party.

Blockchain is a distributed database or ledger that is shared among the nodes of a computer network. As a database, a blockchain stores information electronically in a digital format. Blockchains are best known for their crucial role in cryptocurrency systems, such as Bitcoin, for maintaining a secure and decentralized record of transactions. One key difference between a typical database and a blockchain is how the data is structured. Blockchain collects information together in groups, known as blocks, that hold sets of information. Blocks have certain storage capacities and, when filled, are closed and linked to the previously filled block, forming a chain of data known as the blockchain. All new information that follows that freshly added block is compiled into a newly formed block that will then also be added to the chain once filled. By unleashing new approaches for identifying complex data issues, the global space has been able to utilize blockchain development services as a viable tool.

Blockchain Development

Blockchain is a unique distributed record that saves data and verifies its integrity. Commonly referred to as DLT (Distributed Ledger Technology), blockchain makes the past record of any digital asset transparent and unalterable by availing decentralization and cryptographic hashing. A shared digital history is vital as digital transactions and assets are easily copied or duplicated. The main idea behind Blockchain technology is to allow people, to share valuable information in a secure manner. The innovation of a blockchain is that it guarantees the fidelity and security of a record of data and generates trust without the need for a trusted third party.

Blockchain is a distributed database or ledger that is shared among the nodes of a computer network. As a database, a blockchain stores information electronically in a digital format. Blockchains are best known for their crucial role in cryptocurrency systems, such as Bitcoin, for maintaining a secure and decentralized record of transactions. One key difference between a typical database and a blockchain is how the data is structured. Blockchain collects information together in groups, known as blocks, that hold sets of information. Blocks have certain storage capacities and, when filled, are closed and linked to the previously filled block, forming a chain of data known as the blockchain. All new information that follows that freshly added block is compiled into a newly formed block that will then also be added to the chain once filled. By unleashing new approaches for identifying complex data issues, the global space has been able to utilize blockchain development services as a viable tool.

Leading Blockchain Development Company

Techys Technolab is one of the leading blockchain development companies. From ideation to design and development, our blockchain developers help you deliver custom blockchain solutions with our hands-on experience in blockchain technology, including frameworks such as Hyperledger, Ethereum, Stellar, Corda, EOS, Tron and Hashgraph. When it comes to blockchain technology consulting, we start by understanding the client’s organizational needs and goals. Blockchain supply chain solutions have been developed, deployed and managed for a variety of industries and stakeholders. With our experienced developers on board, we have developed robust and scalable blockchain solutions that have delighted our blockchain development customers.

We are a blockchain development company with extensive experience and are able to cater to all the related blockchain solutions with the utmost quality. Our blockchain development services have always provided accurate client experiences. As a result of our agile methodologies, we are able to create high-quality and scalable end products for you. We work with our client closely, providing full disclosure of the progress of the work at every step and delivering the final product on time. We tender extended support to clients across the globe with our expertise in technology and long-term experience finding resolving ways to enhance the capabilities of the digital world.

Our Blockchain Development Oriented Services

At Techys Technolab, we possess top blockchain developers who have years of experience developing and designing services from simple to advanced blockchain architecture. Our experienced blockchain developers have worked on many niche blockchain solutions through numerous industry verticals with outstanding skill sets and expertise. We simplify the business complexity using feature-rich blockchain development services that includes Wallet Development, Cryptocurrencies, Exchange Development, DApp Development, Smart Contract Development, STO development and other Blockchain Consulting Services with various blockchain-powered features. Our customized blockchain development services allow us to create the right digital currency exchange platform & decentralized apps that are cutting-edge and business-centric.

Wallet Development

Crypto Currency Exchange

Decentralized Exchange Development

Smart Contracts Development

DApp Development

DeFi Development

Hyperledger Development

Ethereum Apps

STO & IEO

Tokenization

Blockchain POC Development

Private Blockchain Networks

Open chain Development

Multi chain Development

NFT Marketplace Development

Coin Trading & Marketplace

Blockchain Strategy & Consulting

Optimization, Upgradation & Modernization

QA Testing & Analysis Service

Technical Support & Maintenance

How Does A Blockchain Work?

The goal of blockchain is to allow digital information to be recorded and distributed, but not edited. In this way, a blockchain is a foundation for immutable ledgers or records of transactions that cannot be altered, deleted or destroyed. This is why blockchains are also known as distributed ledger technology (DLT).

First proposed as a research project in 1991, the blockchain concept predated its first widespread application in use: Bitcoin, in 2009. In the years since, the use of blockchains has exploded via the creation of various cryptocurrencies, decentralized finance (DeFi) apps, non-fungible tokens (NFTs) and smart contracts.

The most common application of blockchain is Bitcoin. Let’s consider it as an example to understand how it works. Bitcoin is a digital currency, similar to any other national currency. To keep track of how many bitcoins each person owns, blockchain uses a ledger system- a file that maintains and tracks all transactions.

The ledger file is not stored on a central server – bringing us to the USP of blockchain – that it is a decentralized system. The ledger file is distributed across the world and stored on private computers that are all used to store data and perform computations.

When X wants to send 5 bitcoins to Y, they will broadcast a message to all nodes (personal computers) saying that X’s bitcoins should be reduced by 5 and Y’s increased by 5. Now, each computer will get this information and update its copy of X and Y’s bitcoin balances.

Blockchain allows everyone to see everyone else’s transactions and does not force you to trust a person or entity. Instead, special mathematical functions and codes are implemented to enforce security and reliability. Each wallet is protected with a cryptographic method that uses a unique and distinct pair of connected keys: a public and a private key. Each of these features of blockchain technology brings us to a specific advantage of using it.

STEP 1

STEP 2

STEP 3

STEP 4

STEP 5

STEP 6

STEP 7

STEP 8

Transaction begins

Block creation for transaction

Block participation in every node

Node validates transaction

Node get reward for proof of work

New block adds into blockchain

Update distribution

Transaction completion

We Engage Expertise In Following Blockchain Technologies Round The Network

Our experienced blockchain experts excel in working on numerous blockchain technologies for building custom-made solutions as per your business requirements. Our blockchain development services use distributed ledger technology for all enterprises. Blockchain apps like data masking, identity authentication and data transfer are decentralized solutions.

Supported Environment

Solidity

Chaincode

DApp

Consensus Algorithm

Ethereum Virtual Machine

Cryptocurrencies

Bitcoin

Doge

Ethereum

Tron

Ripple (XRP)

Stellar

XPR

ECR

Containerization

Docker

Kubernetes

ElasticBox

AWS EKS/ECR

Azure Container

Transactional Components

Smart Contracts

NFT

Fungible Tokens

ICO

Gas Limit Transactoins

API Integration

Binance

Coinbase

Cardano

Swyftx

Web3JS

Network & Security

Node

Wallet

Ledger

Hash

Nonce

Ledgers

Public Ledger

Distributed Ledger

Decentralized Ledger

Wallets

Mobile Wallets

MetaMask Wallet

Desktop Wallets

Non Custodial Wallet

Hardware Wallets

Paper Wallets

MyEther Wallet

Programming Languages

AngularJS

Python

NodeJS

Golang

ReactJS

JavaScript

Java

Our Developers Have Industry Expertise

Blockchain is a dynamic technology that can carve new landscapes for businesses of different domains and sizes. We follow an agile development approach and industry best practices to ensure that the apps from e-commerce, real estate, finance & banking sector, healthcare, education, transport & logistics and many other specific industries, we deliver are of high quality. It is a right-to-the-need tool for organizations seeking technological transition to revolutionize their growth standards like never before. As aspiring digital solutions providers, we are committed to meeting the needs of our clients.

Our dedicated team of developers has extensive industry-specific experience to provide blockchain solutions for each of the following industries.

E-commerce & Retail

Real Estate

Sport & Fitness

Automotive

Agriculture

Food & Restaurant

Education & E-learning

Finance & Banking

Insurance

Health & Medical

Gaming & E-sports

Blockchain

Travel & Hospitality

Job Portal

Social Networking

Manufacturing

Warehouse

Transport & Logistics

Media & Entertainment

Events & Tickets

LEARN MORE

Benefits Of Choosing Blockchain Development

The best feature of blockchain is security because of its distributed nature. Thus, unlike other databases where the infiltrators have to just aim at a specific target, here the database is distributed across different nodes on the network and vandalization of a single node will not do any harm to the overall structure.
Blockchain creates trust between different entities where trust is either nonexistent or unproven. As a result, these entities are willing to engage in business dealings that involve transactions or data sharing that they may not have otherwise done or would have required an intermediary to do so.
Transparency is the most important aspect that contributes to business growth and expansion. With Blockchain, all the involved parties would be able to see the transaction from point of its origin to point of termination. This helps in maintaining transparency among parties and, thereby, builds trust and opens new avenues of possibilities.
Blockchain's nature also can cut costs for organizations. It creates efficiencies in processing transactions. It also reduces manual tasks such as aggregating and amending data, as well as easing reporting and auditing processes.
By eliminating intermediaries, as well as replacing remaining manual processes in transactions, blockchain can handle transactions significantly faster than conventional methods. In some cases, blockchain can handle a transaction in seconds or less.
With blockchain, companies can focus on creating a supply chain that works with both vendors and suppliers. In the traditional supply chain, it is hard to trace items which can lead to multiple problems, including theft, counterfeiting and loss of goods.
Blockchain certifies and verifies the identities of the interested parties. This removes double records, reduces rates and accelerates transactions.
A blockchain is an assembling approach with will help to understand our world in a better way. The future of Blockchain is dynamic, agile and smarter, powered by AI and machine learning.
Immutability simply means that transactions, once recorded on the blockchain, can't be changed or deleted. On the blockchain, all transactions are timestamped and date-stamped, so there's a permanent record.
The real invention of this technology is to maintain transparency which can benefit a number of use cases such as counterfeiting, IP protection, etc. across industries.
As this technology is new in the industry there is much more for companies to experiment with it as the advantage of this technology is moreover other technologies.
Blockchain is a really exciting technology because it's actually providing both transparencies but also agility in a contractual relationship that any organization should have.

Why Techys?

We serve premium web & IT development-related services by the latest technical standards. Our skilled and experienced team of developers keeps on updating their skills and focuses on the latest market trends to ensure the best solutions for your business. We always keep on updating with the latest technologies and offer exceptional development services in an efficient yet swift manner hence keeping your cost minimum. Whether you are looking for a small tweak or a complete overhaul, we have you covered. We understand the market competition and we are here with plenty of solutions to create and support your brand and take your business to the highest levels of success. We give you more than a handful of reasons to offer us a chance to enhance your web presence.

The biggest being we love to see your smiling faces. That is why we make sure we deliver precisely what our clients need and ensure that they get an astonishing experience worth remembering.