Blockchain: Who to develop it and for what purpose?

Blockchain: Who to develop it and for what purpose

The Blockchain developer profile is more and more sought after and sought after. The Blockchain, thanks to its media coverage and its exponential development, attracts more and more companies or entrepreneurs wishing to take advantage of it. In an era shaken by scandals of all kinds, the transparency of this technology brings many solutions. Some envisage its use in democratic elections to avoid fraud and manipulation; others imagine the creation of virtual nations in which exchanges would be regulated according to established laws, specific to each of these nations.

Picture of GDJ on Pixabay

New ideas emerge every day as to its use, but the complexity of its development and the different types of blockchain require special expertise. It is therefore important to select a reliable and talented blockchain developer .

What are the benefits of Blockchain for businesses?

What are the possible uses, at a professional level, of the Blockchain? Here are some aspects that might interest you …

Smart contracts

Smart contracts can exchange money, goods, stocks or anything of value in a transparent and conflict-free way , while avoiding the services of an intermediary. In addition, smart contracts not only define the rules and obligations of an agreement in the same way as a traditional contract, but automatically apply them . A Blockchain developer will be essential to the creation of these.

Authentication of products to fight against counterfeiting

Counterfeit goods are a problem all over the world. This is due to the fact that illicit manufacturers are increasingly able to create counterfeits of all kinds. Handbags with soy sauce, anything that can sell can be counterfeit. Brands suffer from significant revenue losses and their image is tarnished, while consumers face quality and safety issues. The Blockchain can provide solutions in terms of traceability , particularly via the implementation of referenced chips acting as a digital certificate of authenticity .

Secure and transparent transactions

Blockchain technology eliminates the need for a central authority or intermediary to manage transactions. Cryptography secures records as part of a transaction and each of them is linked (in the chain) to previous transactions or records. In addition, the log of operations is shared and viewable by all participants (or only those chosen in the case of a private blockchain).

Be the first to comment

Leave a Reply

Your email address will not be published.