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Hire Blockchain Developers in Santa Clara | Blockchain Development Company Santa Clara

Top Blockchain Development Company In Santa Clara

04 February 2022 hire blockchain developers in santa clara
Blockchain is decentralized storage of information, that is, data is stored simultaneously on thousands of computers of independent users. Today, Blockchain technology finds applications in many fields of activity.
Blockchain is a technology for storing and transmitting the information. It is transparent, reliable, secure and has the advantage of operating without an intermediary or central control body. Its principle is simply to allow all stakeholders to share data without an intermediary and with an indelible history since its creation. It is a register that can be consulted by all the people having access to it, but without being able to modify the previous values.
Each block contains a transaction or information, and their accumulation constitutes the chain of blocks (blockchain).

The Benefits of Blockchain Technology

  • Transparency of transactions. All blockchains are publicly available, which means that any user can track the chain of transactions from the very beginning.
  • Data safety. The data is stored in blocks on computers of multiple users. This reduces the risk of hacker attacks, as well as technical failures. For example, even if several computers fail, the information will not be affected. Blocks are created in chronological order. They cannot be deleted or changed. Therefore, blockchain technology is actively used in the financial sector to prevent fraud.
  • Safety. Blockchain technology uses various cryptographic algorithms. These mechanisms make the network virtually invulnerable.
  • Independence. In the blockchain network, transactions occur without intermediaries, as well as third parties. The blockchain is not managed and controlled by a company, bank or state. This means there is no possibility of interference in the process.
  • Speed. It only takes a few minutes to complete transactions on the blockchain.
  • Low commissions. Commissions for transactions in the blockchain without intermediaries are many times less compared to bank commissions.

The Applications of Blockchain Technology

  • Cryptocurrencies

You cannot talk about the current blockchain landscape without considering the current boom in cryptocurrencies and digital assets. The vast majority of cryptocurrencies seek to decentralize transactions and the storage of funds, to the point of replacing traditional currencies that are controlled by central banks and governments around the world.
  • Financial Institutions

The first main application that the blockchain has is within the financial world itself. This is different from cryptocurrencies because here we are talking about an institutional use, which is equally valuable in streamlining financial processes and providing positive value to society.
An example of this is in the operation of capital markets. There are early uses of blockchain to facilitate P2P Trading, transaction confirmation, and very high-level security. And there may even be public records if required by law.
If in the future several financial institutions used the same protocol as blockchain technology to record their transactions, it would be much easier and more transparent to regulate operations in the capital markets. This would make the job of regulators easier and allow some preventive restrictions, thereby, increasing the efficiency of markets around the world.
  • Business

Business applications can greatly benefit from two important characteristics of blockchain technology. It is irreversible once written and reduces the third parties involved. Anyone who knows a little about supply chains already will understand why this is incredibly valuable, even without considering the other possible applications in medium or large companies.
First, delving into the supply chain issue, there are many intermediaries to handle accounting, reduce the risk of corruption or employee error, confirmation of transactions, etc. Blockchain technology allows us to completely eliminate record tampering and keep everything transparent, easy to audit, and basically without risk of corruption. As transactions are so well recorded, transaction confirmation errors are reduced by almost 100% at the accounting or operations level.
This streamlines a supply chain and optimizes costs, generating tremendous value that scales with the size of the business.
  • Health

A particular sector where people imagine the use of blockchain is in healthcare, mainly in the subject of data management. The biometric issues that a hospital must receive and record are incredibly sensitive and must be kept with the utmost confidentiality. As the value of this data increases, the more susceptible hospitals become as targets of cyberattacks. The adoption of blockchain raises security exponentially without a huge effort or investment required, which is important for small or medium hospitals.
  • Government Institutions

At first, it is difficult to imagine institutional adoption at this level, in which even the government can benefit from the same technology that others use to reject institutionalism.
However, this is one of the main signs that this is a technology that is here to change the world. As in this case, the diversity of its applications in the business, financial, and even governmental world.
The main use here can be to increase transparency and trust in the election processes, through an unalterable and public blockchain once the process is concluded, speeding up counting processes and reducing the possibility of manipulation in the final records to 0.

Our Cases at Hyperlink InfoSystem

  • Digital Asset Lending Platform Based on Data Tokenization and Blockchain Technology

The platform is designed to automate the process of lending secured by digital assets. It is used by credit institutions that provide lending services to clients secured by digital assets, as well as by companies that provide customers with the opportunity to pay for services using targeted lending secured by digital assets.
  • Loyalty Program Based on Data Tokenization and Blockchain Technology

The platform is designed to launch loyalty programs in organizations that increase customer motivation by accruing tokens (bonuses) to their electronic wallets.
  • Decentralized Depository System (Dds) for Accounting for Electronic Mortgages

The DDS allows you to register mortgage transactions with the issuance of an electronic mortgage. DDS is designed to make the process of accounting for depositary securities end-to-end, reduce the time for transferring an electronic mortgage and significantly reduce the complexity of such operations.

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