Blockchain

Blockchain technology solves the problem of building a decentralized, immutable and secure information storage.

As the Gartner — globally-famous consulting company says, starting from 2020 the Internet keeps experiencing transformations. Before 2020 the network was considered to be a platform providing access to some content. Today the major content of a network involves the value of having ownership rights for various assets.

Blockchain is a tool that allows owners to connect assets and ownerships into secure and decentralized storage — where data is kept in millions of copies without any possibility to be counterfeited.

Gartner estimates that the market share of Blockchain solutions will cover $178 billion by 2025 and $3.1 trillion by 2030. 

Our Blockchain solutions are based on technologies provided by Amazon.

Amazon offers two types of frameworks for building blockchains:

Ethereum is used when you need to build a blockchain with public access.

Ethereum was called a “bitcoin version 2.0” as it was the first cryptocurrency supporting smart contract concepts.

Cryptocurrency is just one of the Ethereum applications but not the most significant one. Ethereum’s main feature is smart contracts enabling to do business with absolutely unfamiliar partners. Ethereum is the most widespread blockchain having this feature.

Hyperledger Fabric  is used when you need to build a private Blockchain for a certain enterprise.

As long as all the users of this blockchain are employees of a particular company, it allows us to speed up transactions significantly compared to frameworks designed for public blockchain.

The second important advantage of Fabric is it`s modular architecture that might have plug-and-play components, such as consensus algorithm (ready to use strategy for confirming the validity of a record)  or membership services (the abstraction of all cryptographic mechanisms and protocols for user authentication, issuing and validating certificates).

Blockchain puts decentralization and immutability at your fingertips. AWS blockchain frameworks allow to set up a blockchain quickly, using the reliability and scalability of the AWS Cloud. AWS Blockchain provides the resilience, scalability and cost optimization of the AWS Cloud giving you full control over the blockchain application.

We develop decentralized applications based on blockchain for telemedicine, logistics, insurance, retail and e-commerce companies.

Our experience has shown that the most common applications of this technology include:

• shared record keeping;
• asset tracking;
• trading.

 We know that's exactly what blockchain was developed for.