BLOCKCHAIN DEVELOPMENT & CONSULTING

Make Your Product Transparent, Secure, and Scalable with a Blockchain Solution

Streamline instant payments and prevent fraudulent data use — Innovecs is highly experienced in blockchain software development and consulting. We build software from scratch, revamp existing solutions, integrate third-party services, and provide efficient advice backed by proofs of concept.

COMPANIES WE PARTNERED WITH

BLOCKCHAIN SERVICES

Blockchain developers at Innovecs have a strong track record for blockchain application development and consulting services for industries such as Healthcare, Gaming, E-commerce, and Financial Services. Innovecs can create anything from digital wallets built into messengers to white-label solutions, digital IDs, and enterprise-level distributed ledger software.

DECENTRALIZED DIGITAL IDENTITY

Create decentralized data holders for healthcare, insurance & banking

CRYPTO PAYMENTS

Enable secure peer-to-peer transactions

DISTRIBUTED LEDGERS

Create databases with traceable records, prevent fraudulent data use

WHITE-LABEL PRODUCTS

Build mobile & web wallets, enterprise-grade keyservers & integrations

SMART CONTRACTS

Automate connected device operations, disintermediate assets exchange

LOYALTY PROGRAMS

Produce real-time rewards and prevent unauthorized access to gift cards

MESSENGER CRYPTO WALLETS

Let users make purchases using cryptocurrencies like Ethereum or Bitcoin

PRIMARY TECHNOLOGIES WE USE

WHY SHOULD YOU ENTRUST BLOCKCHAIN SOFTWARE DEVELOPMENT TO INNOVECS?

Blockchain Software Developers’ Skill Set

Because of the various business challenges handled, Innovecs has high expertise in blockchain development. Many of these challenges come from finance, e-commerce, and insurance fields, but they can be applied to other industries, including supply chain, healthcare, gaming, and edtech.

Innovecs’ team has developed solutions for verifying academic credentials to become part of a KYC compliance tool or producing a marketplace platform with peer-to-peer payments and lending.

Innovecs’ blockchain developers are senior or middle grade, which allows for the guiding of projects from different complexity levels.

Blockchain Consulting: Validation of Business Requests

In blockchain application development, Innovecs pays particular attention to the validation of business requests and acts as a dedicated consultant. If required, Innovecs can provide proofs of concept and a minimum viable product.

While providing consulting services, Innovecs strives to discover the true business needs, structure them, and align with the technical capacities of the blockchain technology.

Based on input data, Innovecs, as a blockchain development company, defines the project scope and technical requirements. The company provides recommendations on what can be implemented, a roadmap with clear project steps, and risks involved.

The High Level of Responsibility for the Project Performance

As an experienced blockchain software developer, Innovecs can either design a project from scratch itself or team up with a client’s in-house blockchain technology developers.

With every client, Innovecs’ dedicated account manager facilitates the communication process to deliver the solution on time and budget.

Since Innovecs isn’t only a blockchain development outsourcing company, its expertise within other domains will significantly contribute to the development process. For instance, Innovecs can help with UX/UI design to make the product more user-friendly and customer attractive or, during the production stage, DevOps engineers can be involved to increase product sustainability.

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Stages of Blockchain Software Development at Innovecs

Discovery Stage of Blockchain Application Development

For clients interested in blockchain services, Innovecs typically starts with a discovery stage. This stage helps establish a common understanding of business goals and development challenges. During this stage, our blockchain software developers estimate business processes in a short and long term perspective, audit the existing system, and present a solution along with proofs of concept.

The last step of the discovery stage is the planning phase, which allows defining technical requirements and a blockchain project scope including a feature set and product design.

The outcome of this stage is a draft of the development process.

Design Stage to Develop Blockchain

The development phase features clear milestones and code reviews to allow managing the project effectively.

The next phase, monitoring, is needed to control whether the performance of all product components corresponds to project success criteria.

Each development phase is documented in regular reports. Additionally, Innovecs’ blockchain developers initiate a series of internal meetings to exchange best practices across projects and revise the technical stack to eliminate errors in the long run. The knowledge sharing practices motivate teams across projects to use proven tactics preventing critical production issues.

Drive Stage with Transparent Reporting & Workflow

If you already have a solution that can be improved through decentralization or the adoption of smart contracts, Innovecs will help with customizing a blockchain in accordance with your needs.

You will be able to enhance the security and privacy of your solution by implementing digital ledgers. In addition, scalable protocols can smoothly increase the number of processed operations while still keeping them transparent and traceable.

On the implementation stage, Innovecs will set up transparent reporting to enable real-time monitoring of all the operations.

Key Aspects of Designing a Blockchain Solution

When Blockchain Solutions Leverage Your Idea

These solutions give ground to transparent, automated, and secure contract fulfillment. With triggers set, smart contracts make payments fully automated and optimize cash flows while monitoring the way each party meets the contract terms. For instance, smart contracts enable remote buy-and-sell real estate deals.

In the prediction market, blockchain solutions help users take control of their funds, acting as the system oracles to report the event outcome and getting rewarded. These products prevent fake winning.

Furthermore, blockchain-based software allows tracking goods to impede forgeries.

Parameters to Take into Consideration

While choosing a blockchain for your solution, consider the following aspects.

Governance models influence blockchain security. On one hand, the more witness nodes are required for one transaction, the more secure solution is. On the other hand, blockchain service providers complain that the growing number of witness nodes affects the transaction speed negatively. Also, the governance model influences the project’s scalability, which means that if you need to expand your solution quickly, this must be examined from the very beginning.

The number of pre-designed features matters since they can significantly simplify the development process and cut costs.

Does Your Company Need a Blockchain Solution?

Signs that you need to start looking for a blockchain development company include the following.

First, you must protect your data. This may refer to banks, insurance companies, healthcare, and governmental institutions.

Second, your business will benefit from transaction traceability. Retail, e-commerce, logistics, and supply chain companies are major beneficiaries of this feature.

Lastly, you need to disintermediate your operations. This allows cutting costs and speeding up transactions. Logistics, real estate, and banking industries where the number of intermediaries is hefty will benefit from digital ledgers.

Top-Rated Blockchain Use Cases By Industry

To understand what blockchain is, one needs to imagine a virtual ledger capable of registering and verifying a huge number of electronic transactions quickly and safely. Today, this shared ledger technology has greatly expanded the area of application. The first blockchain use cases originate from financial institutions and cryptocurrencies called Bitcoin, Litecoin, Ethereum – just to name a few. The annual global market for blockchain development has increased almost trice since 2017 and is going to reach approximately US$16B in the next three years. Industries from healthcare to food to notary are beginning to adopt blockchain. To dive deeper, let’s go back to the basics of the technology.

#Whitepaper #Blockchain

Will Blockchain Continue Stirring Up the Fintech Sector?

Now that the hype around cryptocurrencies has subsided and capitalization of the cryptomarket has declined to US63 billion (as on January 20, 2019), it’s time to discuss how blockchain can shape fintech.

#Article #FinTech #Blockchain

Blockchain Healthcare Technology to Solve the Industry’s Major Problems

The digital consulting agency, Digital Authority Partners, reports that blockchain in the healthcare market is expected to reach $890.5 million dollars by 2023. Blockchain is treated as an effective digital technology in medicine because it improves data security, makes medical records more accurate, and cuts the operational costs for information managing and storage. These facts are proved in a scientific article published by the International Journal of Advances in Scientific Research and Engineering. HIPAA-covered entities have reported that in March 2019, the amount of healthcare data breaches increased by 14% compared to the average rate of the last sixty months. As a result, the volume of exposed patient medical records has continued to grow. In March 2019, the medical information of 912,992 patients has been either stolen or exposed.

#Article #HealthTech #Blockchain

NEED HELP WITH YOUR BLOCKCHAIN PROJECT?

If you are looking for a software development company with expertise in delivering blockchain solutions, we are ready to help. Send us your requirements so that we can prepare the best proposal for your needs.