The blockchain technology marks the future trend for many existing industries including web application development. In the digital era, almost all the essential business and commercial processes including trade, communication, advertising and financial transactions are increasingly getting translated into some forms of online platforms. This is where the blockchain industry steps in and offers its innovations!
The blockchain is an advanced form of Database storage system, which uses "records" or "blocks" to store data or information. These records or blocks get duplicated automatically with the mechanism of cryptography, thus providing a more secure data storage platform. Blockchain is the technology which supports the cryptocurrencies and Digital currencies such as Bitcoin and Ethereum. Other such cryptocurrencies are Ripple, Litecoin, Monero, etc. But the scope of blockchain technology is not just limited to finance. Besides finance, Blockchain has also marked its uses among several other fields such as governance, elections, administration, commerce, and many more.
Our director Priyank Gupta presenting about 'Future of Blockchain in Business Processes' in a conference in Amsterdam.
There are several applications of Blockchain Technology. Some of them have already been implemented by their respective industries, and many others are in their development stage. A few of them are mentioned below:
Undoubtedly, the most widely implemented use of the Blockchain Technology today is related to Cryptocurrencies and Digital Currency.
The Blockchain has a lot to offer to the Software Development industry. This holds good for both Web Application Development & Mobile Application Development.
With the aid of Blockchain Technology's Cloud Storage feature, one can be assured of his/her online data security.
Blockchain Technology can also be implemented for managing people's and organizations' identity through the digital platform which may help in preventing frauds at a considerable level.
Digital Voting is yet another notable and revolutionary application of the Blockchain Technology. This is because the electronic voting systems can become victims of the online hackers, thus resulting in a bias election result. But if the if the Blockchain Technology is implemented here, then there's no way the encrypted ledger can be played around with!
In the modern era, contracts such as wills, online money transfers, financial and asset transactions, etc. are vulnerable to cyber attacks and frauds. Smart Contracts is the best solution to this problem.
Cryptocurrency exchange is a huge industry that is thriving at the global level. At present, there are several cryptocurrency exchange websites associated it. Cryptocurrency exchange websites are the applications that are created for cryptocurrency deals, i.e. the purchase, sale and exchange of bitcoins and other forms of cryptocurrencies. W3villa Technologies is known to have developed a number of cryptocurrency exchange applications for its clients located in nearly all the major corners of the planet.
Blockchain Technology in India is still in its naive stage. A lot of scope lies within this vast innovative field known as Blockchain Technology. W3villa Technologies is one of the pioneer Blockchain Development companies in India that is involved in Blockchain Software Development, providing blockchain as a service. Do contact us for any query you have related to Blockchain Development.
We have successfully provided blockchain development services across the globe in countries like India, United States of America (USA), Canada, Australia, South Africa, United Kingdom (UK), France, Netherlands, Switzerland, Germany, and other European countries.
Birmingham, Alabama, US
Few months back, we got a decentralised application developed from W3villa Technologies on the Ethereum platform, which literally astonished all of our team as it got featured extensively in online magazines and technology guides!
Had Blockchain consultation from them in May 2017. Recently, this year we made the decision to look forward to launch our second ICO campaign.
W3villa Technologies lists among the premier Indian blockchain companies. Recently our firm collaborated with W3villa to organize a 1 day educative workshop in Delhi on emerging and latest blockchain trends. The workshop targeted upcoming blockchain enthusiasts.
Los Angeles, California, United States
With W3villa’s technical aid by our side, the ICO revenue generated by the campaign wasn’t anything like ordinary. The extensive reach to the investors and the good amount of revenue yielded was crucial for our blockchain startup.
Blockchain can transform nearly every industry: Finance(banking & insurance), retail, production, logistics, trade, contracts, & even more. It’d be interesting to see what comes with it next!
Bristol, England, UK
Though we did not plan to make any immediate investment into the blockchain technology, yet we decided to undertake the blockchain consultation services and expert guidance provided by W3villa Technologies.
Liverpool, Great Britain
Before consulting W3villa, we had performed several disappointing attempts resulting in failure to get the payment gateway integration for bitcoin on our application. All that was no less than a real frustration. W3villa’s blockchain developers do mark a distinction.
The best part of their service was the commitment to the timeline. Fortunately, we got our project delivered actually before the scheduled deadline. The benefits of that were much appreciable for us!
Blockchain based Smart contracts are the future of the industry. With smart contract development, frauds and forgeries can be prevented to a good extent.
Houston, TX United States
Throughout our project, the blockchain developers of the W3villa team were in active contact with our employees, providing all the necessary guidance on the tech-related stuff. We were much more confident this time than with our past experiences with other software companies in India.