Hire Blockchain Developers in Brooklyn | Blockchain Development Company Brooklyn

The Applications Of Blockchain Technology

• Digital Identity

• Smart Contracts

• Traceability

Features Of Blockchain Technology

• Each registry has its own copy on every computer. So, if a record is changed on any computer, the change is sent to the rest.
• All of the information that moves on the blockchain is encrypted. It's up to each person to decide what information they want to make public or keep private.
• It's easy for computers to communicate with each other on the blockchain because there are no intermediaries. Each computer can send transactions to all the others.
• The record of transactions can't be changed or deleted by anyone, even by a computer. It can only be changed when there are new transactions.
• For a transaction or update to be added to the blockchain, it must be approved by most of the computers that are connected to it. Hashing is used to show that they agree.
• There are a lot of blocks. Each block is sent to all the computers at once.

Blockchain In Different Sectors

Finance

• Management of taxation in an automated way.
• Constant monitoring of the destination of the taxes paid.
• Clear and transparent traceability of donations made to a cause.

Logistics

• Tracking of products throughout their distribution chain.
• Traceability of products to verify their originality.
• Monitoring of each of the components with which a product was made.

Automotive

• Integration of the data generated by all the sensors in the vehicles.
• Anticipation of possible vehicle failures.
• Creation of a (unalterable) driving record of people.

Marketing

• Each client's records should be merged so that they all match up.
• Designing loyalty programs that connect different brands that agree to help each other out.
• All of the consumer's actions will be tracked before a marketing campaign.
• Confidence in brands because of smart contracts that make them liable for everything they do.
• Companies' advertising transactions can be checked by the public.

Health

• Unification of all the medical history of a person (maintaining their anonymity).
• Monitoring of medicines to verify their origin.
• Traceability of food to know its sanitary processing.

Banking

• Currency exchange without intermediaries.
• The development and use of decentralized currencies.
• International transfers in real-time.

Legal

• Impersonation of identity documents through a unified and reliable digital identity.
• Verification of authenticity of documents without the intermediation of third parties.
• Automation in property registration processes.

Enjoy Our Blockchain Services In Brooklyn

• The Development Of Token Solutions

• Customer Satisfaction And The Deployment Of The Solution

• Co-creation And Joint Business Ventures

• Training And The Development Of Use Cases

• The Design And Development Of A Blockchain Solution