by Rahim Makhani | Guest Contributor | DIGITAL MARKETING
Blockchain is advancing the operations of businesses to make them smarter. As a result, blockchain can transform many industries, including Healthcare, supply chain, financial services, and many more.
It is said in some research that big and famous companies have already built blockchain pilots in medicine tracking, health monitoring, and food safety. Therefore, the companies that are based on blockchain have gained a lot of benefits.
If you also want to start your business with blockchain, you must have in-depth knowledge of blockchain development and all its features and functionalities.
This blog post will guide entrepreneurs, product managers, founders, and innovators looking forward to having knowledge of the blockchain development process and integrating blockchain into the business.
What is blockchain?
A Blockchain is a type of decentralized digital ledger that can save transactions on thousands of computers worldwide. It is cataloged in a way that prohibits their consequent modifications. Blockchain technology can enhance the security and speed of exchanging information in such a way that it is transparent and cost-effective.
A Blockchain is a chain of time-based digital records known as blocks linked together cryptographically. Any record stored in the blockchain can be stored there, and you can trace it anytime, and no one can meddle the information.
Benefits of blockchain:
Steps of developing blockchain
There are four simple steps of Blockchain app development; the steps are mentioned below.
1. Identify the problem and goal
Before you start the Blockchain app development process, it is essential to describe a problem statement. In this step, you need to identify all problems that have to be solved.
One must make sure that investing time and effort in blockchain can be beneficial for your business or not. You can also directly migrate your current application into blockchain without developing it from scratch.
Also, identify a blockchain use-case particularly for your application and make sure that your idea of developing the application needs blockchain or not.
Once you have decided that your business needs blockchain for app or website development, the next step is selecting the platform.
2. Identify the suitable blockchain platform
You require a Blockchain for decentralized applications without the need of developing a new one from scratch. The Blockchain platform you select will depend upon the mechanisms and problems that you are going to solve.
Here is the list of some Blockchain platforms that you can select:
It is designed to be a general programming platform; it is an open-source and public Blockchain-based scattered computing platform that features intelligent contracts.
Ethereum makes use of a proof-of-work algorithm that is called “Ethash” that requires more memory to make it challenging for mining.
It is also an open-source blockchain platform that is suitable for developing enterprise applications. It also supports distributed ledger solutions on permitted networks where all the participants can have individual known and authorized identities.
It is developed on a commutable architecture that can maximize the flexibility of Blockchain applications. The pluggable application also includes encryption.
Similarly, as Hyperledger fabric, it is also used to develop applications on permitted Blockchain networks.
After selecting the blockchain platform, you must move further and go through the Blockchain idealization process to identify the technical components.
3. Blockchain ideation
Once you have identified the problem and selected the platform for Blockchain app development, it is the right time to deliberate the ideas and business requirements.
In this, you will have to evaluate, formulate and prioritize use cases for blockchain experiments.
Decide whether you want to develop the application under a permitted network or a non-permitted network.
For defining ideas, you will also have to make decisions related to the front-end programming language, external database, and servers of your application.
After building the ideas, you must prepare a proof-of-concept that will reveal the viability of the product.
4. Developing a proof of concept
This concept is a way to demonstrate the practical potential of the blockchain project, and it can be in a theoretical form or a prototype.
The application can be developed under various phases. For example, if the application developed is not going under testing, then it is said to be in the per-alpha phase.
Then the application will go to the next step, that is alpha, where developers will test the application using white-box techniques, and the software might not contain all the features.
After the alpha release, it is further prepared for beta release. The software will contain the complete feature set during the beta phase, but it can have many unknown bugs.
Once the beta phase is ready, the application is ready to be released.
After all these steps are completed, you need to design and develop the website or application to upgrade and add components or features to the website.
You can hire a Blockchain developer to develop a fantastic website using blockchain. A Blockchain developer can save your time and effort to develop the website using blockchain.
So here is the information to develop a website using blockchain. You can go through the steps to develop the website. So what are you waiting for to start developing an amazing website using blockchain through this blog?
I hope this blog will help you and provide you with the information you need to develop a website.
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