What is Blockchain?

Blockchain is a transaction-recording computer database that can be stored in multiple places all at once. It can be helpful to think of blockchain technology like a public forum where people can request and complete transactions through creating a post.

Through blockchain, each post will be connected to a digital signature, that can never be changed or deleted. In other words, blockchain technology connects and tracks information securely and with total transparency.

Blockchain technology can be used for a variety of purposes including money transactions, identity verification, equity swaps, running decentralized market places, voting and more. You may know of parties in the financial sector who are already utilizing concepts such as bitcoins and other cryptocurrencies. All these concepts operate on the blockchain technology. If your project requires blockchain technology, we’re here to discuss the best course of implementation to fit your needs.

Blockchain Development Process

01A transaction is requested and represented as a “block”.

02The block is broadcasted to every party in the network.

03The network approves and validates the transaction.

04The block is then added to the chain, that provides a transparent and indelible record of all transactions.

05The new block is added to the blockchain in a transparent and unalterable way.

06The transaction is completed.

Blockchain Applications

Smart Contracts

A smart contract is a technology protocol designed to digitally verify, enforce, or facilitate the performance or negation of a contract or transaction without third parties.

Digital Identity

A digital identity is information used by computers to represent external agents such as people, applications, organizations, or devices.

Registry

Blockchain enables timestamping, requires proof-of-existance, and ensures notarization for every transaction.

Internet of Things

Blockchain can be used as a security system for the internet of things through tracking and distributing security softwares across connected devices.

Financial Services

Blockchain provides many crucial financial services including securitization, tokenization of assets, traceability of transactions and total transparency.

Healthcare

Ensure data privacy compliance and regulation by entrusting blockchain to share patients’ information in an encrypted and secure way.

Value With Wve

Top Blockchain App Development in Los Angeles and New York

Transform Your Business Processes

We engage in understanding the intricacies and efficacies of Blockchain applications in your industries and know how to best leverage it in your processes.

Enterprise Solutions

We are skilled in building enterprise portal solutions that merge information access and distribution with workflow management using blockchain as the backbone.

Radial Services

Our engineers create functional, secure and robust mobile application systems with Ethereum, Hyperledger and Multichain platforms.

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View our extensive portfolio and development experience before we meet at the office or out for a lunch and get the project scoping and ideation started.

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