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Enhance Your Mobile Application with The Use of Blockchain Technology

When we talk about the latest technology, Blockchain instantly comes into our minds. So, if you want to know more about this technology and how it is useful to the development of mobile applications, then it would be worthy to dig deeper into this ppt because it will help you to give brief knowledge about Blockchain technology.

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Enhance Your Mobile Application with The Use of Blockchain Technology

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  1. Enhance Your Mobile Application with The Use of Blockchain Technology

  2. What is Blockchain? • Blockchain is a transformational technology with the potential to extend digital transformation beyond a company’s walls and into the processes it shares with suppliers, customers and partners. • Blockchain is a data structure that is used to create a digital transaction ledger that, instead of resting with a single provider, is shared among a distributed network of computers.

  3. Blockchain Structure • A blockchain is a decentralized, distributed and public digital ledger. • Blockchain database is managed autonomously using a peer-to-peer network and a distributed time stamping server.

  4. Blockchain Service Offer • Blockchain Incubation As a Service. • Blockchain Solutions. • Strategic Consultancy. • Interoperability, Integration • & Implementation. • Cryptographically Secure. • Blockchain Ledger. • Blockchain Shared. • Blockchain Distributed.

  5. Blockchain Incubation As a Service • Trends Research. • Design Thinking-led assessment for use case identification. • Technology assessment. • Rapid Prototyping. • Blockchain Lab.

  6. Blockchain Solutions • Industry specific Blockchain Solutions (For e.g. letter of credit, loyalty management, energy trading etc.) • Solutions for integration with enterprise applications. • Our professional team design tailor made blockchain oriented solutions for business problems encompassing people, process, operating model, & technology.

  7. Strategic Consultancy • We work closely with our clients to evaluate Blockchain applicability, its business implications, & formulate its deployment strategy.

  8. Interoperability, Integration & Implementation • We troubleshoot interoperability issues in blockchain & work rigorously on complex implementation management & third-party vendor integration.

  9. Cryptographically Secure • Blockchain applies tried & true digital signature technology to create transactions which reduce fraud & establish trust & accountability.

  10. Blockchain Ledger • A ledger is a write-once-read-many database that is an immutable record of every transaction. • A compensating transaction to correct it no updating or deleting is allowed.

  11. Blockchain Shared • Blockchains gain value as they are shared. • Organisations or companies participate even competitors the more streamlined the process will be and the greater the value.

  12. Blockchain Distributed • The more replicas there are, the more authentic the ledger becomes.

  13. Blockchain Pros and cons Pros:- • Dissemination:- The core value of a blockchain is that it enables a database to be directly shared without a central administrator. • Empowered:- Users are in control of all their information and transaction. • High quality data:- Blockchain data is complete, consistent, timely, accurate and widely available.

  14. Blockchain Pros Pros:- • Durability, reliability & longevity:- Blockchain does not have a central point of failure and is better able to withstand malocious attacks. • Process Integrity:- The protocol commands removing the need for a trusted third party. • Transparency & Immutability:- Transparency and all transaction are immutable, meaning they cannot be altered or deleted.

  15. Blockchain Cons Cons:- • Nascent Technology:- Resolving challenges such as transaction speed, the verification process and data limit will be crucial in making blockchain widely applicable. • Uncertain Regulatory Status:- Blockchain & Bitcoin face a hurdle in widespread adoption by pre-existing financial instittions of its government regulatiion status remains unsettled.

  16. Blockchain Cons Cons:- • Large Energy Consumption:- Blockchain network’s miners are attempting 450 thousand trillion solution persecond in efforts to validate transaction. • Control, Security & Privacy:- The general public will entrust their personal data to a blockchain solution. • Cost:- Blockchain offers tremendous savings in transaction costs and time but the high initial capital costos could be a deterrent.

  17. If Your are Looking for Blockchain App Development Service? https://www.consagous.com/blockchain-services/ https://www.consagous.com/ info@consagous.com

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