01 Who We Are
02 Our Vision
03 NFT Development
04 Metaverse Development
05 Blockchain Development
06 Contact us
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How does Blockchain technology work?
Blockchain technology may seem like a complex system, but it actually works on a very simple principle – transferring information from point A to point B in a fast, secure and automated way.
It collects data together in groups called blocks, each one of which holds specific information. Once the storage capacity of one block has been filled, it is closed and linked to the previously filled block, forming a chain of connected data that’s known as the blockchain.
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What is Blockchain?
Blockchain is a system that records information by distributing it into linked blocks in a way that makes it almost impossible to get hacked or modified. Each block from the chain records the transaction with an unchangeable cryptographic signature called a hash, meaning that everybody can see the data, but nobody can corrupt it, which makes it highly secure.
What are the benefits of Blockchain?
The benefits of Blockchain for businesses include security, transparency, unalterable technology, decentralization, as well as data traceability across the network. Many industries can benefit from the Blockchain technology to cut costs and optimize internal processes.
What industries can benefit from Blockchain?
Practically all industries can benefit from Blockchain technology, including Finance and Banking, Real Estate, Media and Entertainment, Telecommunications, eCommerce and Retail, Automotive, Healthcare, Government and more.
What are some examples of companies using Blockchain?
Some examples of companies using Blockchain include Microsoft, Amazon, Walmart, PayPal and Samsung. For example, Walmart employed Blockchain to develop an automated system for managing payments and invoices in their operations with over 70 third-party freight carriers.
How much does Blockchain development cost?
The costs for Blockchain development may vary depending on the size and complexity of the project, the technology used, the amount of resources that will be needed, and the deadline of the project. Smaller Blockchain projects start at $20,000 but more complex ones may go as high as $1,000,000.