Coinmonks
Published in

Coinmonks

Web3.o Building Blocks with CSC — Gateway to $2,000,000 and more.

  • Transparency — The history of transactions is becoming more transparent with the implementation of blockchain. Since blockchain is a distributed ledger, all network members share the same updated ledger. A consensus in the network validates the ledger, which implies that everyone must agree on it.
    Changing a single record would result in the modification of all subsequent records. Thus, the data saved on the blockchain is:
  • more secure
  • accurate
  • transparent
  • available only to members with permissioned access
  • Traceability — If your company manages products traded via a complicated supply chain, you would understand how difficult it can be to track an item from its origin. When the supply of goods from one place to another is recorded on the blockchain, you get a complete audit trail representing where an asset came from and tracks each stop that it covers on the journey.
    Previous records saved on the blockchain can help verify the authenticity of products and protect them from fraud.
  • Increased Speed — Currently, the traditional processes are:
  • paper-based
  • time-consuming
  • using third-party intermediaries to verify the authenticity
  • prone to errors
  • Reduced Costs — Reducing costs is a priority for most businesses. Using blockchain, you don’t need intermediaries or third parties to establish trust as the network participants validate everything on the network through a consensus. You won’t have to review documentation to perform the trade because everyone will have access to an immutable version.
  • Identify the Goal
  • Choose the right Blockchain Platform — (CSC)
  • Brainstorming and Blockchain Ideation
  • Proof of Concept
  • Visual and Technical Designs
  • Development

1. Identify problems you want to solve with blockchain

2. Choose the right blockchain platform

3. Brainstorming and blockchain ideation

4. Doing a Proof-of-Concept

5. Visual and Technical Designs

Development

  • Type of Blockchain App you need
  • The complexity of a Blockchain Project
  • People involved in developing an app
  • Third-Party Tool Subscription Costs

1. Type of Blockchain App you require

2. The complexity of a Blockchain Project

  • Low Complexity Blockchain Apps: Payment apps, Smart Contracts Development App
  • Medium Complexity Blockchain Apps: dApps developed on blockchain platforms, Semi-decentralized apps, Hybrid blockchain apps, Blockchain dApps
  • High Complexity Blockchain Apps: Development of Blockchain platform from scratch, A complete decentralized network

3. People involved in developing an app

4. Third-party Subscription Tools

  • Developing a blockchain app with an in-house team
  • Hiring freelancers for blockchain app development
  • Hiring blockchain development companies for blockchain app development
  • AS A BEGINER :
  • AS AN EXPERT :
  • Working with an in-house team of developers is quite expensive, but it can give you more control over blockchain development. However, you should take this path if software development is your core business. On the other hand, hiring freelance blockchain developers could be less expensive but very risky. Hiring freelancers when the project is small is recommended, but risk factors could increase when a project’s scope grows with time.
    Working with a third-party company could be a viable option if your project is enormous. Blockchain companies are experienced and can help you with every development process. Compared to an in-house development team, the cost of blockchain companies is lower.

Join Coinmonks Telegram Channel and Youtube Channel learn about crypto trading and investing

Also, Read

--

--

Coinmonks (http://coinmonks.io/) is a non-profit Crypto Educational Publication. Follow us on Twitter @coinmonks and Our other project —  https://coincodecap.com, Email  — gaurav@coincodecap.com

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store