A deep dive into blockchain software development - the ultimate game-changer for the cryptocurrency industry.
A deep dive into blockchain software development - the ultimate game-changer for the cryptocurrency industry.
Blockchain software development is one of the significant advancements in the cryptocurrency industry. The blockchain trend is still going upward as of 2022.
Blockchain technology is one of the most important advancements of the cryptocurrency industry. Also, it has a vibrant history that includes mysterious cryptographers, challenging sustainability issues. Due to its high budget and resource scarcity problems, the world's offshore technology started offering offshore blockchain software development services globally. But how challenging is offshoring blockchain solutions given its high-security requirements?
With this informative blog post, let’s explore it all!
Blockchain software development includes creating an immutable and decentralized digital ledger that saves all the digital transactions that have occurred since its start. Blockchain technology has extensive usage - from contributing to FinTech solutions to storing valuable information in the healthcare industry. Key takeaways: 1. The blockchain contains distributed records of events or transactions. 2. Data modification is impossible in the blockchain. 3. The records in the blockchain always connect back to the originating point.
There are numerous benefits of offshore blockchain software development services. The most important of them are listed below -
When you avail of offshore blockchain software development services, you get an opportunity to access advanced blockchain technology at a reduced cost.
The offshore cryptocurrency industry has a plethora of talent and skilled resources. Moreover, you can hire a dedicated offshore cryptocurrency team at a feasible cost.
For instance, a leading offshore blockchain software development company, BJIT, offers enhanced performance in all the supply chain processes through advanced blockchain technology at a much lower cost than other offshoring countries. Along with that, BJIT is offering 360-degree blockchain technology solutions to first-world markets such as the U.S.A and Europe.
Hiring an in-house team of blockchain specialists is costly, time-consuming, and takes up all your focus span. That's why a dedicated offshore team of blockchain professionals will give you more free time to focus on your core business goals.
The blockchain software development process can be broken down into six steps. The feasibility analysis and the PoC (Proof of Capacity) verification are two of the most critical parts of the entire process. BJIT ensures the entire process is executed smoothly while considering customer requirements and maintaining the service standard.
All the stages of the blockchain software development process are listed below –
Investing in blockchain technology requires a large number of resources, effort, and time. That's why going through a feasibility analysis before you start the project is essential.
Adequate research in picking the right blockchain platform is essential. As of 2022, blockchain technology has evolved robustly, and many platforms are being born in this process. That's why researching, analyzing, and choosing the right blockchain platform for your business is essential.
The token is a much-used term in the blockchain sector. Like coins, tokens are also the digital assets used in the blockchain process. Understanding and studying the token economy is vital to developing a blockchain solution.
PoC verification or verifying if the blockchain project will sustain the real-world scenario is essential in the blockchain development process. Leading blockchain development companies like BJIT go through this step diligently before heading towards the next step.
The final design of the user interface and the application architecture bring out the project's actual world feasibility and sustainability. Therefore, the technical and visual design of the blockchain solution has to be showcased in this step. After the experts agree with the design and PoC verification, the project finally moves to implementation.
As the project moves toward the final step, the application architecture is brought to life through the successful development of the API. After that, the integration process is followed by the final deployment.
Tools Used in Blockchain Technology
Solidity Solidity is a popular language to build blockchain systems. Blockchain developers can create robust smart contracts through this language.
Mist is a powerful blockchain wallet made by none other than Ethereum itself. Smart contracts can easily be deployed through this bitcoin wallet.
Geth is a powerful command-line interface tool in the Go programming language. Also, this tool can be deployed in Windows, Mac, and Linux to build blockchain applications.
It's a Solidity (programming language for building blockchain applications) compiler. It translates Solidity scripts for EVM or Ethereum Virtual Machine.
It’s an IDE or Integrated Development Environment to develop smart contracts. The programming language that can be used in Remix is Solidity. Also, it has powerful debugging and testing options.
BJIT is a top offshore software design and development company in Bangladesh with 20+ years of experience in the IT industry. Also, the company is offering offshore blockchain software development services at a much-reduced cost compared to other offshore industries. The key highlights about the company's services are – 1. Implementation of agile methodology. 2. Advanced security measurements. 3. Superior cost-effectiveness. 4. Young, skilled and driven talents of the local IT industry.
prev-icon
Bangladesh is becoming a top 3 destination for IT outsourcing
Android vs iOS development: Which Is the best to skyrocket your business need?
prev-icon
Best software development company in Bangladesh
BJIT is a renowned offshore provider of scalable custom software design and development in Bangladesh.
Content List
    Share
    Written byBJIT INC.
    Categories :
    Blockchain
    Recommended
    Contact Us
    Contact Us
    Please contact us using the form below. We will get back to you as quickly as possible. You can also email us at info@bjitgroup.com.
    Select
    not found
    Afghanistan
    Åland Islands
    Albania
    Algeria
    American Samoa
    Andorra
    Angola
    Anguilla
    Antarctica
    Antigua and Barbuda
    Argentina
    Armenia
    Aruba
    Australia
    Austria
    Azerbaijan
    Bahamas (the)
    Bahrain
    Bangladesh
    Barbados
    Belarus
    Belgium
    Belize
    Benin
    Bermuda
    Bhutan
    Bolivia (Plurinational State of)
    Bonaire, Sint Eustatius and Saba
    Bosnia and Herzegovina
    Botswana
    Bouvet Island
    Brazil
    British Indian Ocean Territory (the)
    Brunei Darussalam
    Bulgaria
    Burkina Faso
    Burundi
    Cabo Verde
    Cambodia
    Cameroon
    Canada
    Cayman Islands (the)
    Central African Republic (the)
    Chad
    Chile
    China
    Christmas Island
    Cocos (Keeling) Islands (the)
    Colombia
    Comoros (the)
    Congo (the Democratic Republic of the)
    Congo (the)
    Cook Islands (the)
    Costa Rica
    Croatia
    Cuba
    Curaçao
    Cyprus
    Czechia
    Côte d'Ivoire
    Denmark
    Djibouti
    Dominica
    Dominican Republic (the)
    Ecuador
    Egypt
    El Salvador
    Equatorial Guinea
    Eritrea
    Estonia
    Eswatini
    Ethiopia
    Falkland Islands (the) [Malvinas]
    Faroe Islands (the)
    Fiji
    Finland
    France
    French Guiana
    French Polynesia
    French Southern Territories (the)
    Gabon
    Gambia (the)
    Georgia
    Germany
    Ghana
    Gibraltar
    Greece
    Greenland
    Grenada
    Guadeloupe
    Guam
    Guatemala
    Guernsey
    Guinea
    Guinea-Bissau
    Guyana
    Haiti
    Heard Island and McDonald Islands
    Holy See (the)
    Honduras
    Hong Kong
    Hungary
    Iceland
    India
    Indonesia
    Iran (Islamic Republic of)
    Iraq
    Ireland
    Isle of Man
    Israel
    Italy
    Jamaica
    Japan
    Jersey
    Jordan
    Kazakhstan
    Kenya
    Kiribati
    Korea (the Democratic People's Republic of)
    Korea (the Republic of)
    Kuwait
    Kyrgyzstan
    Lao People's Democratic Republic (the)
    Latvia
    Lebanon
    Lesotho
    Liberia
    Libya
    Liechtenstein
    Lithuania
    Luxembourg
    Macao
    Madagascar
    Malawi
    Malaysia
    Maldives
    Mali
    Malta
    Marshall Islands (the)
    Martinique
    Mauritania
    Mauritius
    Mayotte
    Mexico
    Micronesia (Federated States of)
    Moldova (the Republic of)
    Monaco
    Mongolia
    Montenegro
    Montserrat
    Morocco
    Mozambique
    Myanmar
    Namibia
    Nauru
    Nepal
    Netherlands (the)
    New Caledonia
    New Zealand
    Nicaragua
    Niger (the)
    Nigeria
    Niue
    Norfolk Island
    Northern Mariana Islands (the)
    Norway
    Oman
    Pakistan
    Palau
    Palestine, State of
    Panama
    Papua New Guinea
    Paraguay
    Peru
    Philippines (the)
    Pitcairn
    Poland
    Portugal
    Puerto Rico
    Qatar
    Republic of North Macedonia
    Romania
    Russian Federation (the)
    Rwanda
    Réunion
    Saint Barthélemy
    Saint Helena, Ascension and Tristan da Cunha
    Saint Kitts and Nevis
    Saint Lucia
    Saint Martin (French part)
    Saint Pierre and Miquelon
    Saint Vincent and the Grenadines
    Samoa
    San Marino
    Sao Tome and Principe
    Saudi Arabia
    Senegal
    Serbia
    Seychelles
    Sierra Leone
    Singapore
    Sint Maarten (Dutch part)
    Slovakia
    Slovenia
    Solomon Islands
    Somalia
    South Africa
    South Georgia and the South Sandwich Islands
    South Sudan
    Spain
    Sri Lanka
    Sudan (the)
    Suriname
    Svalbard and Jan Mayen
    Sweden
    Switzerland
    Syrian Arab Republic
    Taiwan (Province of China)
    Tajikistan
    Tanzania, United Republic of
    Thailand
    Timor-Leste
    Togo
    Tokelau
    Tonga
    Trinidad and Tobago
    Tunisia
    Turkey
    Turkmenistan
    Turks and Caicos Islands (the)
    Tuvalu
    Uganda
    Ukraine
    United Arab Emirates (the)
    United Kingdom of Great Britain and Northern Ireland (the)
    United States Minor Outlying Islands (the)
    United States of America (the)
    Uruguay
    Uzbekistan
    Vanuatu
    Venezuela (Bolivarian Republic of)
    Viet Nam
    Virgin Islands (British)
    Virgin Islands (U.S.)
    Wallis and Futuna
    Western Sahara
    Yemen
    Zambia
    Zimbabwe
    Select
    not found
    Remote Developers
    Software Development
    Project Management
    IT Partnership
    Others