Blockchain technology is an innovative way of storing data, a digital register of any transactions, transactions, or smart contracts. It allows you to store any information: for example, data on loans issued or on lease agreements for land, financial statements on costs per hectare (fuel, agricultural chemicals, fertilizers, seeds), items of expenditure for the purchase of materials and equipment, agro-technological operations and purchase agreements (seeds, Plant protection products, equipment), for the sale of products, etc.
In other words, a blockchain development service is a continuous sequential chain of blocks. Each block stores different data: from concluded transactions to financial statements. The new block is attached to the previous one using complex algorithms. Each next block stores information about the previous one. None of the elements in this interdependent chain can be deleted, changed, or overwritten. Each block contains a timestamp and a unique digital signature.
What Needs to be Changed
Very often a significant amount of effort is spent on unnecessary reporting and external audits. Record-keeping systems can be at risk of fraud and cyber-attacks. Limited transparency can delay data validation. The proliferation of the Internet of Things has led to explosive growth in the number of transactions. This all adds up to slowing down the business, diminishing profits, and means looking for a smarter approach. Implement blockchain.
If you need to create an easy solution, choosing a freelancer is the right choice, as this will save you money and time. Also think about the type of blockchain technology you need: public, private, or consortium? This also plays an important role.
You Need to Know What You Are Looking for
Consider the various aspects of your company as well as the type of blockchain project you need. Be sure to answer the following questions:
- Are you a startup or a large corporation?
- What is the business of your company?
- Is it necessary for a developer to become a part of your organization during the creation of blockchain technology?
The main advantage of blockchain technology is invulnerability to outside interference, it is almost impossible to hack it. All data in blocks are encrypted with burglar-proof cryptographic algorithms. Unlike many other financial databases, in this model all transactions or so-called. smart contracts are carried out without the participation of intermediaries.
Another important difference from traditional databases is that information is not stored in any one place. Everything is distributed among several hundred or even thousands of client computers around the world. For the new unit to be connected to the system, all these computers, independently of each other, must give the go-ahead for this operation. All of them now protect its reliability and integrity. It is impossible to compromise the system since it requires simultaneous access to copies of the database on all computers on the network.
Blockchain Programmer
Experience in systems programming is required, as well as knowledge of C / C ++ and Java languages, which are most often used in crypto-economics. However, creating your own cryptocurrency is not always justified. It is easier to use existing currencies such as Bitcoin or Ethereum. And for this, you need a smart contract developer who knows the solid programming language. You can search for such programmers, for example, on the GitHub portal. Or ask for recommendations from companies that have already entered the ICO. But no one will give the best specialists – they are too valuable staff. Read more information here: Unicsoft.com
