FAQ

We are a team of experienced blockchain consultants who have been in the industry for years. Our knowledge encompasses full-stack blockchain applications, mobile applications with biometrics and wallets, enterprise blockchain adapters, blockchain data cache for analytics, private, permissioned smart contracts, as well as public blockchain contracts and a token issuance platform. Essentially, we have experience in all aspects of blockchain consulting.

We’re a team committed to pushing the boundaries of knowledge and adoption of blockchain technology in enterprise environments. We are experts in applying blockchain technology to sectors across the board, whether it be for full end-to-end solutions or consultancy in emerging use cases. We work one-on-one with our clients to understand the fundamental needs that will help push blockchain into the future.

Our team will first conduct a complimentary direct chat consultation with one of our team members on the possible application of blockchain technology to your business. Our proven process ensures a clear plan is devised to transform your business proposition into a viable use case on the blockchain.

Blockchain is a technology that allows you to trade digital currency. The blockchain network tracks all past transactions and prevents them from being modified. In this way, the blockchain provides a public ledger of every transaction made across its network. The transactions are secured by strong cryptography and can be used to transfer values from one person to another without the need for an intermediary. All confirmed transactions are included in the blockchain, presenting an accurate and immutable record of the system and protecting against double-spending and fraudulent transaction.

Private Blockchains are more accurately described as a propriety Blockchain or propriety Distributed Ledger Technology. These are usually deployed within an organisation, or shared between a known group of participants. This is in contrast to public blockchains which are open for anybody to be part of. Private blockchains can be secured in a similar way to securing other integrated enterprise applications (e.g. firewalls, VPN etc).

Smart contracts are pieces of code that run on the blockchain and carry out specific actions or enforce specific conditions. Each smart contract contains programming code and data. Smart Contract code is executed publicly and runs on every node in a distributed network. Data can be accessed at any time via the public ledger. Like apps, these smart contracts connect to each other and can exchange data with each other autonomously.

The act of mining is essentially the process of ‘finalizing’ the blockchain by using the blocks to provide consensus. The mining process is very computationally intensive and it requires significant computational power. Miners deploy computer hardware to undertake Proof of Work (PoW) calculations as a service to the network. This service turns their computers into temporary transaction processing centers, and these centers earn cryptocurrency tokens according to the amount of work they perform.

In a private blockchain, mining is not required because all participants are already trusted to be members of the same network. In this case, consensus is still achieved by a majority of participants agreeing on a common version of the transaction history through a process called “validation” or “consensus building”.

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Disclaimer: Crypto is risky in many ways, from government regulatory risks, to losses due to user errors, code bugs, and extreme market volatility. This is far from an exhaustive list of crypto risks. We are not financial advisors or lawyers. Clients are urged to receive appropriate legal council and financial advice. Our services are aimed at crypto business use cases, marketing strategies, tokenomics, development architecture, testing and code audits, networking exposure in the crypto community, and decentralized application launches. By using our services, clients are assuming responsibility for any losses that may incur from any of the risks in this nascent industry. Clients will also be required to comply with KYC regulations.