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Smart Contracts: the blockchain-based contracts that will end paperwork for good

Smart Contracts: the blockchain-based contracts that will end paperwork for good | Blockchain Technology Development | Scoop.it
Have you ever felt bogged down by crypto jargons like ‘smart contract’ or ‘consensus mechanism?’ If your answer is a ‘yes’ then don’t panic, you’re not alone. Many folks right from laymen to financial wizards keep updating themselves about such crypto news either through blogs, books or other sources. Smart contract has created a digital exodus in the crypto world because of its immutable and decentralised nature.

What is Smart Contract, Really?

Smart Contracts are similar to the existing contracts with an exception that they are digital. To be precise, it is a self-executing computer program stored in a blockchain. It is a general agreement between buyers and sellers written in a digital code, most preferably, Solidity.

Nick Szabo invented these immutable contracts in 1998, exactly ten years before Satoshi's invention. He is rumoured to be the mysterious bitcoin founder Satoshi Nakamoto.

How Smart Contracts are Unique?

Hope you might have heard the moral of two cats and one monkey story - “When two parties involved in an agreement or conflict, the third party always gets the profit.” The unique nature of smart contract, that separates it from other contracts, is its elimination of third party(middleman business).

Unlike regular contracts, you don’t need a third party. It has been programmed in such a way that the buyers and sellers can initiate transaction once the conditions are met.

For instance, imagine you’re raising funds for your product using a smart contract. If your project got fully funded and met the criteria, the money(fund) will be automatically moved to your side. And the other way around, if your project fails to meet the programmed goals, money will be automatically transferred to the supporters. This is how a smart contract works!

Smart contracts are quite impressive, here are some of their advantages:

Accuracy - Automated contracts are accurate, and they avoid manual errors that may result in heaping up of piles of paperwork.

Lesser human interaction - Automated transactions by their very nature are cheaper, faster and efficient.

Speed -In stock trading business, the settlement process can take up to three days. With smart contracts, funds can be exchanged quickly and securely.

Immutable - Smart contracts are tamper proof as they are built on a distributed platform called blockchain. Tampering with them is impossible since hacking is a herculean task.

Autonomy - Since an individual makes the contract, there is no need to trust the third party or to rely on a lawyer or broker.

Interested in Creating a Digital Contract?

Every industry is trying to adopt this fad in their future operations such as Banking, Finance, Insurance, Healthcare, Logistics and other sectors. Learn more about the smart contract and its development from one of the esteemed and pioneer company in the field, Blockchain App Factory. With their seamless smart contract development services, you can quickly enter the digital world of contracts!

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Real-Time Applications of Smart Contracts and Blockchain Technology

Real-Time Applications of Smart Contracts and Blockchain Technology | Blockchain Technology Development | Scoop.it
Blockchain and Smart Contracts are disrupting industries worldwide. At Blockchain App Factory, we are in the forefront in the technology, helping industries across segments
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Smart Contracts in supply chain

Smart Contracts in supply chain | Blockchain Technology Development | Scoop.it
Communications is key, especially in Supply Chain. Unfortunately, miscommunication is what happens very often in this industry.

Supply Chain is a complex process that involves a great number of parties - supplier, delivery staff, distribution, retail and etc.

And with so many people in between the first and the last level of the chain, information can get lost or modified, affecting the expecting results and performance.

The solution to solve this issue? Blockchain Smart Contracts.

What is a Smart Contract?

Smart Contract is a computer-based protocol built to facilitate and automate negotiations or enforce a contract performance.

Built in a blockchain network, the digital contract works without the need of a third party. Once all the rules and agreements are settled, the protocol executes itself.

Smart Contracts in Supply Chain

How exactly a smart contract development can help solve the supply chain problems?

To begin with, the industry is desperately in need of a technology that can give all the parties involved a single version of the truth. That’s where blockchain and the digital contract play come into the game.

Smart Contracts are immutable. So, once the information is registered in the protocol, everyone has access to the same data, avoiding frauds and errors.

Besides that, the computer-based protocol, when paired with the Internet of Thing (IoT), can enhance product quality. A food shipment can have its temperature controlled by distance with a smart device.

Let’s imagine the temperature, for some reason, changes. This device, backed with IoT and Smart Contract, can inform itself that something is wrong and enforce the right temperature.

Conclusion

Smart contracts can do wonders for the supply chain industry, whether making all the parties involved have the same information, to secure product quality.

Looking for Smart contract services? Blockchain App Factory, one of the best Smart contract companies in the market, offer end-to-end blockchain solution for your business.

 
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Bringing blockchain to the finance world

Bringing blockchain to the finance world | Blockchain Technology Development | Scoop.it
The finance industry has been very slow to catch up with the blockchain. But the disruptive technology has a lot to offer to this sector, helping to solve for good problems such as security.
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How ICO Works?

How ICO Works? | Blockchain Technology Development | Scoop.it
In the last two years, ICOs were the talk of the town. The crowdfunding blockchain-based way of raising funds for a project emerged as an alternative for companies and startups to make public offerings.

The method has been very helpful to incentivize innovation and offers new blockchain based solutions that can change our day-to-day lives.

As we mentioned, ICOs are just like a crowdfunding. They raise funds by getting money from investors that, in return, get tokens that will become valuable in a mid or long-term.

But how an ICO works? Well, these are four pivotal steps to an ICO launching:

Pre-Announcement: Build a buzz and a community before launching the ICO is very important to make the target audience aware of the project. This is an initial part of the marketing strategy, putting the word out there about your offering while the white paper and other more technical content are being produced.

Offering: The final version of the white paper is ready, all the terms of the ICO are settled and the potential investors have a more clear idea of how the project works. So it’s time to make the offer and announce the ICO starting date.

Marketing Campaign: This is a crucial step for an Initial Coin Offering. The marketing campaign is what makes the difference between a successful ICO that raise the needed capital and the ones that fail. The campaign will aim for the target audience and try to convert as many potential investors as possible. It lasts until the beginning of the token sales.

Selling: It is time to raise the funds. With a killer marketing plan, will not be hard to make your tokens sales go through the roof.

Blockchain App Factory is a leading ICO Development Company with more than 42 projects completed with success. We helped raise millions for ICO projects and the next great one can be yours.

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ICO Launching Platform Development | ICO Development Services Company in India, USA and UK | ICO Launch Agency | Launch ICO

ICO Launching Platform Development | ICO Development Services Company in India, USA and UK | ICO Launch Agency | Launch ICO | Blockchain Technology Development | Scoop.it
Launch your own ICO and raise millions using crowdfunding, we help companies to launch their own ICO Successfully within 2 weeks. We are leading best ICO development services company in India specializes in roadmap strategy, whitepaper and yellow paper drafting and ICO launch services.
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Smart Contracts: the blockchain-based contracts that will end paperwork for good

Smart Contracts: the blockchain-based contracts that will end paperwork for good | Blockchain Technology Development | Scoop.it
Have you ever felt bogged down by crypto jargons like ‘smart contract’ or ‘consensus mechanism?’ If your answer is a ‘yes’ then don’t panic, you’re not alone. Many folks right from laymen to financial wizards keep updating themselves about such crypto news either through blogs, books or other sources. Smart contract has created a digital exodus in the crypto world because of its immutable and decentralised nature.

What is Smart Contract, Really?

Smart Contracts are similar to the existing contracts with an exception that they are digital. To be precise, it is a self-executing computer program stored in a blockchain. It is a general agreement between buyers and sellers written in a digital code, most preferably, Solidity.

Nick Szabo invented these immutable contracts in 1998, exactly ten years before Satoshi's invention. He is rumoured to be the mysterious bitcoin founder Satoshi Nakamoto.

How Smart Contracts are Unique?

Hope you might have heard the moral of two cats and one monkey story - “When two parties involved in an agreement or conflict, the third party always gets the profit.” The unique nature of smart contract, that separates it from other contracts, is its elimination of third party(middleman business).

Unlike regular contracts, you don’t need a third party. It has been programmed in such a way that the buyers and sellers can initiate transaction once the conditions are met.

For instance, imagine you’re raising funds for your product using a smart contract. If your project got fully funded and met the criteria, the money(fund) will be automatically moved to your side. And the other way around, if your project fails to meet the programmed goals, money will be automatically transferred to the supporters. This is how a smart contract works!

Smart contracts are quite impressive, here are some of their advantages:

Accuracy - Automated contracts are accurate, and they avoid manual errors that may result in heaping up of piles of paperwork.

Lesser human interaction - Automated transactions by their very nature are cheaper, faster and efficient.

Speed -In stock trading business, the settlement process can take up to three days. With smart contracts, funds can be exchanged quickly and securely.

Immutable - Smart contracts are tamper proof as they are built on a distributed platform called blockchain. Tampering with them is impossible since hacking is a herculean task.

Autonomy - Since an individual makes the contract, there is no need to trust the third party or to rely on a lawyer or broker.

Interested in Creating a Digital Contract?

Every industry is trying to adopt this fad in their future operations such as Banking, Finance, Insurance, Healthcare, Logistics and other sectors. Learn more about the smart contract and its development from one of the esteemed and pioneer company in the field, Blockchain App Factory. With their seamless smart contract development services, you can quickly enter the digital world of contracts!

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Securing the future of education with Blockchain

As all levels and sectors of education contemplate ongoing developments in digital technology, distributed and fragmented models of learning, stackable credentials, and educational unbundling the potential for a system like blockchain to bring security to a diverse landscape of evidence of learning, recognition of learning and acknowledgement of learning becomes more relevant. As MOOCs, SPOCs, online courses, RPL and alternative credentialling become more ubiquitous the main stakeholders in education, industry and government are realising the need for systems that enable higher levels of trust when certificates, awards and prior learning recognition are at stake.
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Blockchains and smart contracts for the internet of things

Blockchains and smart contracts for the internet of things | Blockchain Technology Development | Scoop.it
Internet of Things (IoT) and blockchain is the perfect combination. Actually, the distributed ledger technology was the missing piece to make IoT finally take off.

Why? Well, although IoT has an amazing concept of using the internet to make devices smarter, the security breach has always been a problem. But with the tamper-proof network of blockchain, this issue is solved.

But to really achieve the commercialization of IoT, a second-factor comes into the game: Smart Contracts. The digital contract built in the blockchain can execute itself based on already established rules and conditions.

Food Containers, for an example, need a device to control the temperature so the product doesn’t go bad. Let’s say that, for some reason, the temperature gets high inside the container putting in risk the food.

With the help of blockchain, smart contracts and IoT, this device can correct itself to the right temperature without the need for human intervention. All of this can help reduce costs, avoid money loss and increase product quality control.

This is just one of the uses of blockchain and smart contract for the Internet of Things. Many other industries can benefit from these technologies, from finance to healthcare.

Blockchain App Factory is one of the top companies to offer end-to-end blockchain solutions for IoT. Our company has a great team of experts that can build customizable software and solutions for your business.



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ICO Listing- Blockchain App Factory

ICO Listing- Blockchain App Factory | Blockchain Technology Development | Scoop.it
Everything is ready. You have a great project, potential investors and the coin was developed with perfection. Now is time to list your coin in the exchanges platforms.

This is one of the most important steps when launching an Initial Coin Offering. An ICO listing is the way to give the needed exposure for your coin or token, in terms of further trading.

Even if you already launched your token in a decentralized exchange, such as Ethereum, is important to have it listed in other exchanges, so your investors and coin holders have more freedom and flexibility to perform trades.

Although listing a token sound like a simple process, the crypto exchange platforms usually have a very strict policy and criteria to accept a coin. Let’s take a look at some of the most usual guidelines:

Product - As a great number of ICO turned out to be scams, the exchanges want to make sure the offering has a real product. Projects with prototypes of demos of the product are one step ahead in the process.

Business model - Following the same logic of making sure the ICO is not a scam, have a business model that explains very clearly the purpose of the project and how the token will be used is extremely important.

Audience - Carry a successful ICO launch is also important, of course, so the project can show the number of token holders to the exchanges platforms. This can help prove that there’s real interest in the project.

Along with these basic standards, there are many other criteria and bureaucracy to be filled before finally get your ICO listed. But with Blockchain App Factory, the ICO listing process can be done with no hassle. We offer a complete service as listing so you do have to worry about nothing.

 
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Enterprise Blockchain use cases

Enterprise Blockchain use cases | Blockchain Technology Development | Scoop.it
Finally, the application of blockchain into the enterprise world has arrived.

The distributed ledger technology has been used in the last 10-years mostly for payment projects and token/coin development. But now, traditional business’ are starting to understand the benefits of this incredible network.

But different from the blockchain platforms we know, such as Bitcoin and Ethereum, Enterprise Blockchains are not public. That is, within a public blockchain everyone can have access to it and we don’t know who the actors involved are.

So, the distributed ledger chain for enterprise is private or permissioned. The access to the system is restricted and only approved participants can be in the network. This particularity actually makes the transactions validations more efficient.

A blockchain based software for business can also enhance security, transparency for transactions and data sharing and avoid frauds. All of this, of course, increase customer’s trust and loyalty.

Here are some enterprise blockchain use cases:

1.Maersk - Using IBM's Hyperledger Fabric framework, the largest shipping company in the world built a blockchain to secure international shipments and have access cargo’s data remotely, speeding up custom's processes. The company continues to invest in blockchain technology and launched a platform for supply chain industry.

2.British Airways - The airline company started to use distributed ledger technology to share information with three airports. The idea was to make everyone have access to the same data, allowing a more simple and secure process and avoiding miscommunication.

3. Save the Children - And what about a humanitarian blockchain network? The international ONG is exploring a distributed ledger system to help them find volunteers, especially in times of distress. In urgent cases, they can’t spend much time analysing backgrounds and qualifications, so the network can help them maintain an immutable database with traceable information about potential volunteers. 

This same idea can be used for RH and recruitment companies.

Blockchain can bring a great amount of benefit for any type of industries, helping enterprises to have a more efficient process. Blockchain App Factory, the leading company in distributed ledger solutions, is ready to build a hand-maid blockchain development for your business.

Visit for Blockchain Services : https://www.blockchainappfactory.com/
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Blockchain and Data security

Blockchain and Data security | Blockchain Technology Development | Scoop.it
In the past few years, we have seen scandalous cases of data breach. Big companies are being accused of leaking personal information of their clients/users or, in other cases, great hackers spill the data all over the internet.

And as we rapidly move all of our data to the digital world, it is imperative for corporations to start being more careful and transparent with people’s information.

Blockchain is the ideal platform for any type of business to store their enormous volume of data with clarity and security. Known as the most disruptive technology that emerged after the internet itself, it is finally getting the deserved attention.

This is how blockchain and data security can work together:

Tamper-proof - This is the primary characteristic to make data security great. The blockchain network doesn’t have a single point of failure, because it is distributed, so all the information is stored across the world in nodes. To change any information, it would be necessary to attack at least 51% of the computer linked to the network, making hackers’ life difficult.

Open source - Blockchain is open for everyone to see, any transaction in the chain can be verified. This makes easier for people to see if a company is clean and is not making any fraudulent move.

Encrypted information - The message or information in the distributed ledger technology is encrypted, that is, the data is transformed into codes that only the authorized parts can have access to it.

These are just some of the features of a blockchain platform that can enhance data security. If you are looking to make your business more secure, Blockchain App Factory can offer you the perfect blockchain solution.


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Blockchain Development Company-Blockchain App factory

Blockchain Development Company-Blockchain App factory | Blockchain Technology Development | Scoop.it
Looking for the leading Blockchain Development Company in the crypto market? Well, your search ends with Blockchain App Factory. Their adept Blockchain Developers offer you with stellar development services to keep you ahead in the blockchain market always. Visit their website, and get in touch with their experts today!

 
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Create an Ethereum DApps and enhance your business performance

Create an Ethereum DApps and enhance your business performance | Blockchain Technology Development | Scoop.it
The Ethereum platform, launched in 2015, revolutionised the blockchain world. Different from the Bitcoin blockchain, built especially for payments, Ethereum was created to facilitate the development of blockchain projects, such as tokens and applications.

From cryptocurrency developments to property rental smart contracts, you can build about any type of blockchain-based project in the Ethereum platform, including Decentralized Applications (DApps).

If you still don’t know what is a DApp, it is a type of application built into a blockchain, making apps more secure, transparent and reliable. Creating Ethereum DApps has become a great thing in the last few years and it seems like it is the future of decentralization.

Why? Simply because DApps offer solutions to improve all types of industries, enhancing business performance. Besides the already mentioned features of a decentralized application, these are the other great benefits:

             -Reduced costs: Without the need of a middleman, once the terms of a process (data storage, sharing or a digital contract, for example) are settled, everything happens in an automated way. So there’s no need to worry about juridic or accounting intricacies, reducing staff costing.

            -Support 24/7 - The automation allows the DApp to work 24/7 without human interference.

           -Business expansion: Once the operational performance is enhanced, the enterprise can support a bigger number of customers.

Blockchain App Factory, the leading company in Blockchain Solution, understands the importance of DApps for the business world. We have a team of experts to develop Ethereum DApps that will fit your enterprise and help you reach the next level of digitalization.
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Smart Contracts in supply chain

Smart Contracts in supply chain | Blockchain Technology Development | Scoop.it
Communications is key, especially in Supply Chain. Unfortunately, miscommunication is what happens very often in this industry.

Supply Chain is a complex process that involves a great number of parties - supplier, delivery staff, distribution, retail and etc.

And with so many people in between the first and the last level of the chain, information can get lost or modified, affecting the expecting results and performance.

The solution to solve this issue? Blockchain Smart Contracts.

What is a Smart Contract?

Smart Contract is a computer-based protocol built to facilitate and automate negotiations or enforce a contract performance.

Built in a blockchain network, the digital contract works without the need of a third party. Once all the rules and agreements are settled, the protocol executes itself.

Smart Contracts in Supply Chain

How exactly a smart contract development can help solve the supply chain problems?

To begin with, the industry is desperately in need of a technology that can give all the parties involved a single version of the truth. That’s where blockchain and the digital contract play come into the game.

Smart Contracts are immutable. So, once the information is registered in the protocol, everyone has access to the same data, avoiding frauds and errors.

Besides that, the computer-based protocol, when paired with the Internet of Thing (IoT), can enhance product quality. A food shipment can have its temperature controlled by distance with a smart device.

Let’s imagine the temperature, for some reason, changes. This device, backed with IoT and Smart Contract, can inform itself that something is wrong and enforce the right temperature.

Conclusion

Smart contracts can do wonders for the supply chain industry, whether making all the parties involved have the same information, to secure product quality.

Looking for Smart contract services? Blockchain App Factory, one of the best Smart contract companies in the market, offer end-to-end blockchain solution for your business.

 
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Smart Contracts in financial services

Smart Contracts in financial services | Blockchain Technology Development | Scoop.it
Whether you’re renting an apartment, buying a car or opening a bank account, contracts are an essential part of any formal agreement.

Whether you’re renting an apartment, buying a car or opening a bank account, contracts are an essential part of any formal agreement.

The traditional contracts involve a high volume of paperwork and complexity, without mention administrative costs and depend on a middleman to settle everything.

And as we move into a more computerized world, Smart Contracts emerged as the natural way of making business agreements more reliable and less complicated. Especially in the Finance Industry.

What is a Smart Contract?

Simply said, this is a digital contract built into a blockchain network. And, since it’s blockchain-based, the Smart Contract absorbs some of the distributed ledger characteristics, such and immutability and transparency.

The great catch of a Smart Contract is its self-enforcing nature. Once all the clauses are settled, the contract executes itself, without the need for human intervention. This specific feature allows the computer-based protocol to automate processes.

Smart Contracts in financial services

The computer-based protocol can bring a bunch of benefits to financial services. One of them, as we just mention, is automation.

Automated processes can help banks and clients with loans, for an example. The loaned money can be transferred directly to the client account.

Once the day of the payback reach, as written in the contract, the money will be automatically transferred to the bank. The contract enhances security and avoids frauds.

For e-commerce, blockchain and a Smart Contract Development can facilitate cross-border payments, reducing costs with processors parties and conversions rates.

Conclusion

Smart Contracts are here to stay. From simplify contracts to automate processes, the digital protocol can help modify the way we do business. Blockchain App Factory, one of the top Smart contract companies in the market, offers full Smart contract services for your venture.

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Which industries can benefit from smart contracts?

Which industries can benefit from smart contracts? | Blockchain Technology Development | Scoop.it
Smart contracts literally created a digital exodus with its immutable and decentralized nature. Read further to know more about which industries can benefit from smart contracts.
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Smart Contract features

Smart Contract features | Blockchain Technology Development | Scoop.it
Have you heard about Smart Contracts?

The computer-based protocol is the new big thing in the blockchain world and it is very promising. Smart contracts have the power to simplify every kind of deal between parties, from rent to bank transactions.

In simple words, Smart Contract is a digital contract built on a blockchain network that has the ability to execute itself without the need for human intervention. Once all the clauses are settled, the contract does all the work.

It became popular not only because of its power of changing the way we do business but also because of Ethereum. The blockchain platform made easy for everyone to build an Smart Contract.

But what exactly are the benefits of developing one? These are some Smart Contract features and capabilities:

Self-enforcing - as mentioned, the Smart Contract can execute itself once the rules are met in all the stages of the contract.

Tamper-proof - since it is built on the blockchain network, the digital contract is also tamper-proof, no can change what’s been programmed.

Automate process - due to its self-executing nature, a Smart Contract can help automate processes, deals and transactions

Reduce paperwork - The digital contract can give an end to the confuse and not trustworthy paperwork.

As you can see, have Ethereum Smart Contracts can bring lots of benefits for a business. Blockchain App Factory, the leading Smart Contract Development company is ready to build you a highly customizable digital contract.

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Token Development: why you should have one?

Token Development: why you should have one? | Blockchain Technology Development | Scoop.it
Crypto economics matter. In 2018, this giant economy had a market cap of 800 billion dollars and it seems like it won’t stop growing. But why developing a token can be important for your business?

Well, with the right strategy a token can be a fundamental part of an enterprise ecosystem, helping to make the brand more popular and even valuable.

Is very usual to see apps that offer some kind of coin or points for users when they do some purchase ou any type of transaction, right? Usually this points or coins can be used as a form of discount and, once the payment is done, there is no more “bonus”.

Although is a great way of incentive users to buy or use the app, it doesn’t offer any benefit for them to keep these coins. But if you convert the coins into a token, that can be tradable at some point, is easier to encourage people to hold in into the app and increase its value and, as a consequence, increase your brand value.

Building your own token is also a great opportunity to introduce your business to the blockchain world. Will help you understand how the technology works and can also help you to make an easy and full transition to distributed ledger systems in the future.

If you like the idea and wants to invest in the Token Development, Blockchain App Factory is the right company to help you in this journey. We offer end-to-end blockchain solution for your business.

 
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Ethereum and Smart Contracts: the automation of process’

Ethereum and Smart Contracts: the automation of process’ | Blockchain Technology Development | Scoop.it
Ethereum is definitely the pupil who became the master.

The blockchain platform learned everything it could with the Bitcoin network and, right now, it’s the master of distributed ledger technology. With Ethereum, building blockchain applications, solutions and software became easier.

Now, the big thing in the platform is Smart Contracts. The self-executing digital contract works in an independent way, without the need of any human intervention. Once the clauses are defined, the contract becomes automatic.

Smart Contract Development on Ethereum can be a revolution for a great number of industries. Because of the self-executing nature of the computer-based contract paperwork will turn into an obsolete process and make the work of lawyers and accountants, for an example, simpler.

But how does a Smart Contract is built? Well, there are 4 basic steps for its development process:

Gathering the requirements - Understand the idea of the contract, what are the settlements and what it is going to be used for.

Technical Designing - This step is for defining the technical details of the digital contract, such as architecture design and data flow diagram

Detailed Development - The actual development of the Smart Contract and its structure 

Smart Contract Development & Upgradation - The Smart Contract is ready, now it’s time to deploy it and on the main network. 

Build a Smart Contract from the scratch can be very hard and time-consuming. But if you are looking to develop one, Blockchain App Factory is ready to help. The leading company in blockchain solution has a great team os developer that will hand out to you a top-notch Smart Contract Development on Ethereum. 

 
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Blockchain Solutions & Services for Cybersecurity & Data Security | Blockchain Cybersecurity App Development Companies | Blockchain Technology For Cybersecurity

Blockchain Solutions & Services for Cybersecurity & Data Security | Blockchain Cybersecurity App Development Companies | Blockchain Technology For Cybersecurity | Blockchain Technology Development | Scoop.it
Avoid data breach with Blockchain Technology For Cybersecurity. We offer top-notch Blockchain Solutions & Services for Cybersecurity & Data Security, keeping your data secure and away from the hackers. Have the best service among Blockchain Cybersecurity App Development Companies with Blockchain App Factory, end-to-end solutions for a high degree of data security!
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How does an ICO make money?

How does an ICO make money? | Blockchain Technology Development | Scoop.it
How does an ICO make money? That is a very common question for those who are thinking about starting an Initial Coin Offering.

This alternative funding mechanism is a great way for small companies and startups to raise money without having to ask for a bank loan, for example.

To answer the question in a very simple way, an ICO is just like a crowdfunding, so it makes money by raising funds from people who believe and want to invest in a project or company. And, in return, the investors get an amount of token proportional to the money they invested.

Now you must be thinking about how the whole ICO process works, right? To start, needless to say, there must exist an idea or strong idea and plan to be executed that can catch the eye of potential investors.

After that, these are the phases of an ICO launching:

Ideation & Whitepaper Creation - Every ICO has to have a Whitepaper. A document where the company explain all about their project, what problems they want to solve and how much they are aiming to raise. In summary, the whitepaper has to explain everything about the project.

Pre-ICO Marketing - You’ve got a solid idea and the whitepaper is ready, explaining everything the potential investors need to know. Now is time for a pre-marketing, to get a high the buzz around your coin.

Initial Coin Offering - The marketing went well and lots of people are interested in investing in your company, so it’s time to open sales and start raising funds.

Wallet Setup & Coin Drop - The sales are over and you raised the desired amount of investment for the project. Now is time to issuance the coins and set up individual wallets for the investors.successful

That is the basics of how an ICO launching happens. And if you are thinking about having your own Initial Coin Offering, talk to Blockchain App Factory. We offer complete services to make your blockchain venture successful.

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Blockchain for Supply Chain

Blockchain for Supply Chain | Blockchain Technology Development | Scoop.it
That blockchain technology is a disruptive and revolutionary technology we all know. But what people haven’t totally figured it out yet is how it can be helpful for almost any type of industry, including Supply Chain.

This is one of the most traditional business in the market, but that struggles a lot when it comes to innovation and reinvents themselves. But distributed ledger technology can change this.

Here are 3 way of blockchain can change the supply chain industry:

Automation of key process - As we know, there are too many parties involved in the supply chain, meaning there’s also a lot of paperwork involved to guarantee that everyone complies with what was settle.

Blockchain allows us to create Smart Contract, a digital and self-executed contract. Once all the conditions are settle everything happens automatically, without the need for human intervention and papers.

Increase trust and security - Once data is stored in the blockchain network, it can’t be changed, is immutable. This can help avoid miscommunication between the parts involved, once everyone will have access to the same information, increasing trust between the parties.

Product quality control - Distributed ledger technology can also help improve quality control of products. As we said, with blockchain is possible to automate process’ and when combined with other technologies, such as IoT, is possible to control from distance the temperature of containers, for an example. Making sure that products such as food are being transported in the right conditions.

The Supply Chain industry has a lot to gain with this technology, and these are just some of the cases blockchain can help improve. What about have your software to take a step into the future? Blockchain App Factory has the perfect blockchain solution for your enterprise.

 
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Blockchain for Cybersecurity

Blockchain for Cybersecurity | Blockchain Technology Development | Scoop.it
Prevent fraudulent data activities with a Blockchain for Cybersecurity solution. The tamper-proof technology is the missing piece to make data sharing and storing more secure. Blockchain App Factory has extensive expertise in data security and will keep the hack attacks away from your business.

 
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Ethereum DApps: a quick look at the decentralized application trend

Ethereum DApps: a quick look at the decentralized application trend | Blockchain Technology Development | Scoop.it
Ethereum definitely opened the doors for making Decentralised Applications (DApps) popular.

Created in 2015, the platform quickly became a huge success. Not only because has some improvements compared to the Bitcoin blockchain, but also for the possibility of creating your own token in their network.

And that is exactly how DApps started to become popular. From finance to games, it’s possible to create an infinity of decentralized application in the Ethereum blockchain.

If you are wondering what is a DApp, don’t worry, it is very easy to understand. A Decentralized Application is just like any other app, but better, once it's built into a distributed ledger network.

This means that any app developed in a Blockchain acquires some of the features of this disruptive technology, such as security, transparency and immutability. So, in simple word, DApps are improved applications.

According to the DappRadar, a website that tracks and provides data about DApps, there are about 1587 decentralized applications in the blockchain world right now! Let’s take a look at some of the most popular ones:

Game: My Crypto Heroes

The Japanese blockchain RPG game is making a huge success, allowing players to earn cryptocurrency just by playing.

Exchange: IDEX

A decentralized exchange built to trade the wide variety of ERC-20 tokens. One of the benefits of the platform is that it is a quick and easy process for token listing.

Collectables: CryptoFlowers

Have you ever thought about collect and trade digital flowers? Well, that’s what CryptoFlowers does. Using the power of smart contracts in the Ethereum platform people can collect, bread and trade the digital flowers.

Marketplaces: Decentraland Marketplace

Monetize content and applications became easier with Decentraland Marketplace, a virtual reality platform built into the Ethereum blockchain.

Gambling: FCK

Gambling is becoming more secure with decentralized applications like FCK. The gambling platform offers a diversity of games like dices, poker and roulette and players can gamble using cryptocurrencies.

What about building your own Decentralized Application on Ethereum? With Blockchain App Factory, the leading company in blockchain development, you can have one with no hassle. Our company can provide 100% customizable DApps to fit your needs.



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Blockchain technology in banking

Blockchain technology in banking | Blockchain Technology Development | Scoop.it
If Bitcoin was developed into the blockchain network to facilitate financial transactions, how come the banks haven’t taken full advantage of this technology yet?

Well, we still don’t know why and when banks will do the complete transition to the blockchain world. But we know that this disruptive technology can improve all the different processes of a bank, from money transitions to paperwork.

Let’s look at the characteristics of blockchain that can improve the banking sector:

Tamper-proof: blockchain functions as a digital distributed ledger, so all the information in the network is saved in different nodes all over the world. This means that to forge any data, it is necessary to have control of over 51% of the computers that hold the nodes.

Improvement: With no possibility of hack attacks, banks can become more reliable institutions, giving more security for their clients and dodge money loss.

Immutable: Once the data is recorded into the chain, it can’t be changed, avoiding frauds and loss of information.

Improvement: This feature can help banks save their client's information and all the contract’s data online, reducing paperwork.

Transparent: Blockchain is an open-source network. Any movement, transaction or action in the chain is accessible for everyone, giving transparency to data sharing.

Improvement: Transparency is very important to avoid problems like money laundering.

Decentralized: There is no third-party in the blockchain, as we mentioned, the data is stored in a distributed way and all transactions happen directly, peer-to-peer.

Improvement: Without the need of the middleman, the financial transaction can happen faster and in a cheaper way.

As we can see, the disruptive technology can only bring advantages to the banking sector. Blockchain App Factory, the leading company in the blockchain market, offers end-to-end solutions for your business.

 
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