7 Stages of New Blockchain Development Process

1. New Blockchain Development Process 7 Stages of New Blockchain Development Process

2. The blockchain has evolved from the underlying platform of bitcoin. It is a decentralized distributed digital ledger that provides an efficient, verifiable, and permanent way to record transactions between two parties. Blockchain developers have bred blockchain technology development into many other successful applications in areas related to finance, government, healthcare, insurance, law, charity work, etc. From blockchain development companies to blockchain platforms that are providing blockchain development services, it takes 7 stages for blockchain to achieve complete potential across different industries. Let’s find out what are those stages are

3. 1) Infrastructure Development For Blockchain Once blockchain has been approved for mass implementation or deployment within an organization or company then its infrastructure must be built properly. The first blockchain infrastructure developing phase is blockchain design. During blockchain design, blockchain developers draw the architecture of blockchain networks i.e. how blockchain will work within an organization or company.

4. 2) The Second Stage: Testing Process Once blockchain infrastructure is built then a testing process must follow to check whether the blockchain infrastructure fulfills compliance standards or not. Blockchain infrastructure goes through dynamics that are tested by blockchain developers following automated and manual testing processes both. Before blockchain goes live all stakeholders must be happy with the stability and consistency of the blockchain network.

5. 3) The Third Stage: Deployment & Training Making Blockchain Live Once everything is sorted out perfectly, now it’s time to deploy blockchain in your organization or company's production environment. In this stage, all resources required for blockchain operation such as blockchain developers, a blockchain infrastructure, and blockchain middleware must be available. Blockchain developers deploy blockchain networks from blockchain development companies to the production environment after building blockchain developer tools for internal or external blockchain users. To sustain blockchain in your organization, blockchain operations training is a significant task. Your employees must understand how blockchain works within an organization and what their roles are as a part of this new technology. A business analyst can train them about the integration of blockchain with existing systems that the company is using currently.

6. 4) The Fourth Stage: Blockchain Development In Action Now it’s time to use blockchain as a tool to make more profits for your business as you had expected earlier. Since blockchain helps organizations or companies to eliminate third intermediaries from transactional processes blockchain will reduce costs and increase efficiency for blockchain users. Blockchain development becomes more powerful as blockchain developers add new functionalities to blockchain networks besides third-party blockchain integrations along with blockchain security and blockchain scalability features.

7. 5) The Fifth Stage: Monitoring And Optimization Of Blockchain Network Once blockchain is live in production, now it’s time to monitor blockchain at the blockchain development companyend to make sure everything goes well within the organization or blockchain environment. If there is any issue related to blockchain such as downtime of blockchain, slow performance of your application over blockchain, the high cost required for blockchain operation, etc. must be resolved by an expert team of blockchain developers.