Category: Blockchain Service

Blockchain technology solution is a groundbreaking innovation that has the potential to revolutionize the way we conduct transactions, share information, validate identity, and store data. At its core, blockchain is a decentralized, distributed ledger that allows for secure, transparent, and tamper-proof record-keeping.

From finance and healthcare to supply chain management and beyond, this technology has countless use cases across industries. And with many businesses and organizations recognizing the benefits it can bring to their operations, the popularity of blockchain security solutions has been growing exponentially in recent years.

Emerging trends in the blockchain landscape include the rise of decentralized finance (DeFi), the integration of non-fungible tokens (NFTs), and the development of blockchain-based identity solutions. With these advancements, the potential for blockchain to transform the digital landscape is greater than ever before.

Our blockchain technology solutions: securing the future

Blockchain technology is an immutable distributed ledger for recording the history of transactions/events. We help clients to convert ideas into real practical applications that are reliable and scalable. We develop various Blockchain, Ethereum and Hyperledger-based applications. We also help clients to validate ideas before jumping with full strength.

Our Blockchain projects include,

• Blockchain Usecase Ideation
• MVP/POC Development
• Solution Design
• Development and Deployment
• Upgrades and Maintenance

Leveraging the power of blockchain technology, ViitorCloud excels in developing robust and scalable blockchain solutions that ensure data integrity, transparency, and immutability, enabling businesses to streamline operations and enhance trust in our digital ecosystems.

Our expertise in integrating blockchain with emerging technologies such as the Internet of Things (IoT) and Artificial Intelligence (AI) enables businesses to unlock new opportunities and create innovative solutions that drive digital transformation and provide a competitive edge in today’s rapidly evolving market.

“Transforming businesses with groundbreaking blockchain technology solutions. We are dedicated to creating secure, transparent, and decentralized applications that drive digital transformation and revolutionize industries. Together, we’re building the future of trust and innovation through blockchain technology.“

Gourav Patidar, Blockchain Lead

Unleashing the blockchain potential: our blockchain portfolio

At ViitorCloud, we leverage blockchain technology to address complex business challenges. Our expertise spans a wide range of areas, including secure digital wallet development, public and private blockchain development, bespoke Ethereum application development, Digital Identity platform and Hyperledger development.

As a leading technology company, our blockchain developer team specializes in offering a range of blockchain-related services to help businesses take advantage of the benefits of this revolutionary technology.

Our offerings in engineering:

• Decentralized Blockchain App Development
• Private Blockchain Development
• Smart Contract development
• POC Development
• DID solutions

Our offerings in design:

• Optimized Blockchain Solution
• Smart Contracts
• Blockchain Network
• Microservices to create the blockchain network

Our service offerings:

• Smart Contracts Auditing
• Technology Advisory
• Consulting Services
• Development Services
• Integration Services
• Testing Services
• Blockchain Solution for Startups
• Cloud Integration (AWS, Azure, Google)

Over the years, we have successfully delivered numerous projects, showcasing our ability to tailor blockchain security solutions to meet the unique requirements of each client.

Here are our most significant blockchain projects:

EveryCred

EveryCred is a highly flexible verifiable credential platform that utilizes blockchain technology to issue, view, and verify credentials in a secure and transparent manner. With the ability to select either a private or public blockchain network, the platform offers businesses in various industries, such as schools, hospitals, banks, and companies, the flexibility to issue and verify credentials according to their specific needs.

EveryCred’s use of decentralized identifiers (DIDs) establishes a secure channel for data exchange, providing an extra layer of security. With its innovative features and adherence to industry standards, our verifiable credential platform is an excellent example of the blockchain expertise that ViitorCloud can offer to businesses looking to take advantage of this revolutionary technology.

Organic farm product tracing

This blockchain solution is built with the aim of ensuring efficiency, trust, and transparency in the agriculture supply chain. By leveraging blockchain for traceability, stakeholders can verify the origin, authenticity, and movement of products at every stage, enabling improved trust and accountability, efficient recall management, and supply chain optimization.

Our platform also enables the creation of issuer profiles, addition of records, revocation of credentials, creation of subjects, issuance of credentials, sharing and downloading of credentials, and verification of issued credentials, providing a comprehensive solution for agricultural supply chain management.

Healthcare data access tracing

We have developed a secure marketplace for healthcare records for a conglomerate of more than 50 hospitals. Our blockchain-based solution provided a secure and tamper-proof way to store and share patient records, enabling doctors and other healthcare providers to access critical patient information in real-time.

Built on a HIPAA-compliant blockchain network, our blockchain application is highly secure and privacy-centric. Through a web service-based architecture and HL7 protocol support, our blockchain solution empowers patients to grant specific access to their health data and monitor access logs easily. This project is a great example of our commitment to leveraging blockchain for transformative solutions in the healthcare domain.

E-commerce marketplace

We have achieved a remarkable feat by developing blockchain-based marketplaces for a supermarket chain. By utilizing blockchain technology, we created a secure and transparent marketplace that allows buyers and sellers to conduct transactions directly, without intermediaries.

The solution provides easy and smooth functionality, secure transactions that cannot be deleted or hidden, encrypted data storage, and a secure supply chain solution. ViitorCloud’s marketplace solution offers easy navigation and smooth functioning, with smart solutions for food products. Overall, our blockchain-based marketplace solution is an innovative and effective solution for creating a secure and transparent marketplace for any industry.

Blockchain team spotlight: our q2 meetup unveils cutting-edge innovations

At our second quarter meetup, our blockchain team showcased our latest achievements and advancements in the blockchain-driven world. We showcased successful projects that have empowered businesses across various industries to streamline operations, enhance security, and unlock new possibilities.

We demonstrated our proficiency in creating permissioned blockchain ecosystems, leveraging the latest technologies to ensure trusted and verified participation. Our hybrid blockchain approach, combining public and private blockchains, drew attention to its ability to provide robust infrastructure and seamless interoperability.

Moreover, we showcased our plug-and-play solutions, enabling businesses to easily adopt and integrate blockchain technology into their existing systems. These solutions offer a streamlined blockchain development process, allowing organizations to focus on their core competencies while we handle the intricacies of blockchain implementation.

To sum up

The importance of blockchain technology cannot be overstated. By enabling secure and transparent transactions, reducing fraud and corruption, and improving data privacy and security, blockchain has the potential to create a more trustworthy and equitable digital world.

Our experience in utilizing blockchain technology to create marketplaces, secure healthcare records, and streamline supply chain procedures demonstrates the company’s expertise in developing blockchain-based solutions that provide real value to businesses across various industries.

With a dedicated blockchain developer team, strategic partnerships, and a commitment to innovation, we continue to push the boundaries of what is possible in the world of blockchain.

At ViitorCloud, we are committed to leveraging our expertise in blockchain technology solutions to help our clientele and partners leverage unmatched scalability at the operational level. We provide extensive services to help integrate our blockchain solution to your existing network.

The global economy is getting great heights after the inception of digitization. Traditional digital technologies were capable of enhancing business processes by delivering the required outcomes more safely and quickly. However, with the growing technology and increasing demands of users, tech innovators have developed more immersive technologies, and Blockchain is one of those technologies.​

Blockchain technology is getting popular very quickly, not only in the tech arena but also in other business domains. Entrepreneurs now can easily leverage the benefits of this technology in increasing their revenue, efficiency, and productivity. Indeed Blockchain has given quick momentum to the digital tech world.

Blockchain is distinguishable from traditional digital technologies – not just an exchange of value. This innovation has become the top priority of several businesses worldwide, especially in energy, manufacturing, and banking.

According to International Data Corporation (IDC), Blockchain technology will achieve nearly 12 billion USD by 2022. Top business leaders have realized the huge and disruptive potential of this technology, and they consider it a game-changer technology in the future world.

Therefore, we can apply Blockchain in different industry verticals. Let’s check how you can transform your traditional business with blockchain technology:

Accounting

Accounting is one of the biggest verticals in any industry. Proper handling of accounts is vital to keep organizations safe and stable. It is also a challenging task as it needs a decent amount of precision and accuracy. However, with Blockchain, you can easily address all the issues and maintain the standards.

Deloitte is one of the most reputed organizations also using blockchain technology from the early days.

Blockchain offers transparency that can help you minimize the time your auditors spend validating and sampling transactions. In this way, auditors can focus on other vital tasks as well.

Human resources

The Human Resources (HR) department is an integral part of any organization that plays a vital role in recruiting people to take the business to new heights. Their job includes hiring the best resource, training them and coordinating with them for all essential things.

The HR department also handles employee relations, experience, and bonuses. Blockchain assists you reduce the chances of getting wrongful data from the employees about their previous company. This historical data is stored in huge servers of blockchain technology, and no one can manipulate or alter this data. Blockchain also helps you in managing your payroll systems. Businesses can use this technology to standardize their payments and other backend tasks. In this way, it helps you pay your employees easily.

Information technology and cybersecurity

According to Deloitte, The potential of blockchain technology to assist revolutionizes the $122bn global cyber security market. David Schatsky, Managing Director at Deloitte U.S, said that this technology could also offer the best ways to record any digital interaction or transaction more securely and transparently that is highly resistant and efficient to outages.

Recently you must have heard about data breaches at Equifax, Yahoo, and other companies. This data comprised billions of birth dates, names, addresses, and other private information of users. Nowadays, organizations, irrespective of their size, are focusing on securing their programs, networks, and data from unauthorized access and damage.

Advertising and marketing

To a report by Juniper Research, advertisers will lose nearly $19bn to unauthorized activities next year, equivalent to $51 million per day. This data shows that advertising on mobile devices and online is assumed to reach $44bn by 2022.

Blockchain technology underlying different cryptocurrencies like bitcoin can assist in reducing “click fraud,” ensuring that advertising and marketing professionals achieve their target market.

Operations and management

Blockchain technology is playing a key role in reshaping business operations and management. Moreover, technology brings new opportunities to businesses by creating operational and managerial efficiencies in developing markets.

As we know that developing markets are not fully capable of understanding new products and services, Blockchain can help you leverage the advantage of the market.

When we talk about the future of blockchain technology, it has huge potential to bring new concepts and ideas into the real world, connect it to the present world, and make good sense of everything ruling the market.

According to the PWC report, 77% of financial organizations rely on blockchain technology as a key part of their production or manufacturing process. This technology is full of new opportunities that you can bring to your business. The major role of blockchain technology relies on how we leverage its potential in our business operations.

Blockchain is a type of database and do you know what a database is? A database is a collection of information that is stored electronically on a computer system. The technology was first introduced in 1991 through Stuart Haber and W Scott Stornetta, but the blockchain introduce its first real-world application with the launch of bitcoin in 2009. Blockchain has had a revolutionary impact on almost every industry in the past year. It is being rapidly adopted by many businesses. Many industries are also hiring Blockchain developers so that their businesses can adopt this technology faster and more intelligently. This technology is useful not only for handling transactions but also for every business that exchanges information and shares any information related to the transaction.

Let’s explore

Top blockchain trends that impact on business in 2024

As the demand for cryptocurrency is increasing very fast nowadays, the same blockchain has also become a new trend very fast. So let’s know how Blockchain has the ability to change the way you do business.

Using blockchain as a service

Big companies have started hiring Blockchain developers and they are also providing its services. Companies like Amazon, Microsoft and Infosys are working fast on this. It is a cloud-based service in which users can create their own products with the help of blockchain. This product can also be any kind of service that can be built with the help of the cloud without infrastructure. A variety of decentralized applications can also be built into a product. Overall, it is fast gaining momentum and will turn your business 360 degrees in just a few years.

Innovative progression

Talking about the various industry, Tesla is doing the most amazing work in cars. When it comes to the food supply, Walmart’s name comes first. Ford is doing the best work in the Indian automobile. Similarly, in order to bring new changes in the business and to target the right customers, the data stored in the blockchain will help the businessman a lot in finding it. There will be many best blockchain companies in India near future, who will be providing these services. They Will hire blockchain developers to make it more understandable, easy, and innovative.

Understanding blockchain: skill & experience

There is no doubt about this that new things bring new problems. But with new things also come a lot of opportunities which we should pay attention to. Since blockchain has just come into the new market, naturally the number of its professionals is also very less. If you understand it well and become a professional then you have a very high chance of earning very good money. If you are able to do this then it will be a great opportunity to make your career.

Which industries will opt for blockchain in 2024

Although this technology will be useful for all types of business and business. According to us, there are some industries that will start using it first and it will be very beneficial for them. So let’s know about some industries in which we can see it being used very quickly.

Food industry

Blockchain will stir up the food industry and expose everything that is almost impossible to detect right now. This will keep everything on track and work with transparency. It will become much easier to trace where the perishable goods are coming from and where the perishable goods and expired goods are being stored. After the implementation of blockchain in the food industry, it will become impossible to do any work in secret.

Gaming & entertainment

If you play the game, you will know that many game franchises have started accepting payments in Bitcoin and other cryptocurrencies. Many gamers know about this. But blockchain can offer many other benefits to the gaming industry beyond payment transactions.

With the help of this, the whole process will be transparent and the player will also be able to know how much an item is worth. Many scams can be stopped by this. Game franchisees will be able to monetize themselves easily with its help. There is a lot of fraud and scams in the gaming industry, so our estimate says that by 2024, more than half of the game franchises will start using this technology.

have started providing cloud-based services. A lot of blockchain developers will be hired and the scope of making a career in it is also increasing rapidly. What’s your view on Top Blockchain Trends That Will Impact Your Business in 2024?

With the rapid demand for blockchain technology, every business has started to experience its potential. Initially, blockchain was very much suitable for some specific industries like finance; however, with the technical advancements, its uses have increased across several industries incorporating the software development arena.

Since organizations worldwide have begun to explore blockchain capabilities by creating blockchain applications, the demand for this immersive development platform has also been boosted. The growing demand for mobile app development is another cause that the number of blockchain platforms increases every day.

IBM study shows that “Out of 3,000 global C-level employees, 33% of businesses are considering using blockchain technology.

Indeed blockchain is a mainstream technology today. Be it Legal, Fintech, Supply Chain, Logistics or Healthcare, blockchain has existed in all industries. Blockchain apps are the best for developing business processes more seamlessly and efficiently. Some of the top benefits of blockchain are listed below:

1. Improved Traceability
2. Increased Reliability
3. Enhanced Security
4. Higher Transparency

Stellar

It is a payment protocol and an open-source blockchain network. You can utilize it to build a market and send the digital representation of all money forms. Stellar can manage millions of transactions every day. So, it is good enough to manage businesses where several transactions take place every day.

It enables cross-border and quick transactions between different currencies. Stellar relies on the blockchain to manage the network in sync. One study shows that more than 69% of banks use blockchain technology for seamless, transparent and secure transactions.

It is one of the unique platforms offers rapid and most scalable blockchain platforms that create reliable, secure and robust financial apps. With this platform, you can easily move your money in a reliable, quick and cost-effective manner.

Tezos

Tezos is a self-governing and decentralized blockchain platform. It establishes a reliable digital wealth for businesses operating online. Tezos is associated with a digital toke, known as Tez or Tezzie. However, the platform relies on the mining of Tezzie.

Rather, token holders get a prize for taking an interest in the proof-of-stake consensus system. Tezos is a dApp platform and smart contracts like QTUM, Waves, Neo, and Ethereum; however, its self-changing cryptographic system makes it one of a kind from different platforms.

Hyperledger sawtooth

Hyperledger Sawtooth is a Linux product and supported by Digital Asset and IBM. It is a modular and enterprise-grade platform intended for developing, deploying and implementing distributed ledger, which allows digital records and data to be handled without a central authority.

Furthermore, the PoET (Proof of Elapsed Time) of the Hyperledger Sawtooth consensus system allows it to integrate with hardware security solutions termed TEE (Trusted Execution Environments). Hyperledger Sawtooth-based newly launched application is Intels’ Xeon processor.

It is also an open-source platform to integrate with an enterprise-made 1.0 version. IT offers blockchain organizations a sense of trust that whatever they create won’t tear due to future enhancements.

Recently, Hyperledger Sawtooth has launched the latest version, 1.1. With the new release, you can find support for an improved consensus interface and WebAssembly smart contracts.

Tron (TRX)

It is a decentralized blockchain platform that aims to create a global and free content entertainment system that allows reliable and seamless content sharing online. TRX or Tron can handle more than 2000 transactions every second without any cost.

Tron depends on Delegated-Proof-of-Stake (DPoS) consensus system to secure blockchain applications. It offers a secure channel for developers to share their content digitally with the users, eliminating the third party. With it, original data also remains highly protected and secure.

Ripple

It was founded in 2012. Ripple focused on connecting corporates, digital asset exchanges, payment providers and banks through blockchain networks without any fee. It also enables global payments via a digital asset system known as “Ripple” or “XRP,” now the widely used cryptocurrency like Bitcoin and Ether.

It now has about 75 clients and 100+ customers in several stages of commercial deployment, basically across three use cases that are cross-border payments (xCurrent), sending payments across multiple networks (xVia), and minimizing liquidity costs (xRapid). XRP is faster and more scalable than other blockchain platforms.

Many global brands such as Deloitte, MoneyGram International, American Express and Santander are testing Ripple’s potential. Also, such big brands plan to integrate this platform into the existing payment system faster and more securely.

Ethereum

Ethereum is one the leading, open-source and decentralized blockchain platforms with native digital currency with ETH or Ether. It is a ledger technology that businesses can use to create and execute new programs.

Ethereum allows the build and implementation of Distributed apps and Smart Contracts without any third-party involvement, data threats, or downtime. It is a favorite platform for developers to make new and featured applications.

The demand for blockchain technology is increasing rapidly. In this writing, we have described the top 6 blockchain platforms to meet today’s development needs. All the described platforms have unique advantages and features.

Therefore, you can choose the best platform for your blockchain app development and business needs. Consult an expert blockchain development company today for the best-in-class blockchain consulting services.