We Do
Blockchain development
A blockchain is a decentralized digital ledger that saves transactions on thousands of computers around the globe. These are registered in a way that inhibits their subsequent modification. Blockchain technology increases the security and speeds up the exchange of information in a way that is cost-effective and more transparent. It also dispenses with third parties whose main role was to provide a trust and certification element in transactions (such as notaries and banks).
The high importance of blockchain has attracted the attention of organizations in different sectors, with banking sector being the most active at this stage. Blockchain has resulted in the development of thousands of new job positions and new startups ranging from mobile payment solutions to health care applications.
Whether you need a prototype or a production-ready platform, our engineering team’s deep experience in cryptocurrency, data science, and serverless computing can help you leverage the benefits of blockchain. We will evaluate potential blockchains for your project, including Ethereum, Hyperledger, EOS, NEO, Tezos, and Qtum, and choose the best fit.
Blockchain for cross-border payments
Blockchain can improve cross border payments by speeding up and simplifying the process, while reducing costs significantly and cutting out many of the traditional middlemen. At the same time, it would make money remittances more affordable.
Until now, the costs of remittance were 5-20%. Blockchain technology could reduce the costs to 2-3% of the total amount and provide guaranteed, real-time transactions across borders.
Santander was the first UK bank to use blockchain to transfer live international payments through a mobile app. The solution uses technology provided by Ripple, the creator and developer of the blockchain-based Ripple payment protocol and exchange network.
Blockchain to improve digital identity
When online identity is moved to a blockchain-enabled infrastructure, users are able to choose how they identify themselves and with whom their identity is shared.
Users are still required to register their identity on a blockchain, but once they have, they don’t need a new registration for every service provider, provided those providers are also connected to the blockchain.
This application of blockchain technology can be used for instance for know-your-customer requirements where a digital single source of identification information could enable more seamless accountopening, reduced resources and costs, all whilst maintaining the privacy of data.
A number of startups are developing applications in the field of identity management.
Our Engineering Capabilities Include:
Current blockchain areas we are helping our clients with: