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October 29, 2019October 29, 2019

Blockchain Is Reshaping Supply Chain Industry

Supply chain is always known to be one of the most complicated industry and thereby integrating blockchain has been acting as a problem solver for supply chain industry . Various other new technologies may also be considered viable , but let’s focus on implementing blockchain and exploring its benefits .

As per the experts , blockchain has superpower of boosting profitability and effectiveness in several business and so is the case with supply chain industry . While supply chain industry is dealing with many kind of difficulties , integrating tech solution is what it needs . Integrating blockchain can help supply chain industry in managing complexity with ease and thereby creating links between various distribution channels .

In this article , let’s look forward to how blockchain technology can help improve overall process and can up bring transformation in this industry .

Blockchain – A Gleaming Twilight In Supply Chain

If you ever had a change to experience supply chain industry cumbersome process , then you may have found that how hard it is to trace products and parts , and there is always a chances of mistake . Inspite of numerous of positive steps has been taken , this industry is full of headache irrespective of whether it is electronic , food , consumer goods or anything else .
Another major aspect is product has to go back and forth several time , which creates a challenge .
All the above problems can be solved by use of blockchain technology . In continuation to it , cryptocurrency transfer can also solve many transaction related issues . Blockchain has capability to manage exchange of currency , tracking of process as well as take care of agreements while helps supply chain industry in various aspects . Blockchain mobile app development is also trending now a days thereby giving various types of benefits .
Let’s take a glimpse of ways in which this technology can help enhance supply chain .

Blockchain Impact On Supply Chain

Automotive Payments

Blockchain is surprisingly amazing technology which aids in carry on and tracking of transactions in more secured and transparent way .
Blockchain has ledger system which facilitate payee and payer to directly exchange funds from anywhere in the world without any intervention of any authority to validate the transactions . In addition to it , it also gives advance security and rapid transaction in comparison with other types of payment .

Traceability

Another great feature of this technology is easy tracking of items . It facilitates companies to work with various kinds of distributed channel that can record various products status during various stages . Blockchain records in a system which is immutable and permanent . Tracking of even individual product from original source is very easy . For instance , Walmart is using blockchain technology to track down all sales in China .
Blockchain facilitates companies to track even a single piece of item right from creation stage to process and thereon storage . It also helps tracking by applying various kinds of filter like date , selling date and various other aspects .

Electric Power Micro Grids

This system helps management of supply . After arrival of smart contract in Blockchain , another ray of possibility has emerged . Smart contracts facilities buying and selling of tangible as well as intangible products less hectic .

How Blockchain Will Impact Supply Chain ?

While some leaders in the world are already using this technology , experts suggest that blockchain will become universal ” supply chain operating system ” . There are various ways in which they can help improve supply chain task , let’s look at some of them :

Recording of quantity and transfer of valuable goods can be done with ease at each node of supply chain .
Tracking of purchase order , receipts , orders changes , shipment notifications and other related things has become easier .
Checking validity and certification of products has become easier .
Linking of physical goods to demographic entities such as bar code , serial number like RFID etc .
Exchanging information related to manufacturing , delivery , assembly as well as maintenance of products between vendors and suppliers .

How Blockchain Integration Will Be Beneficial

Improved Transparency : This technology helps tracking of product right from production stage till its final delivery and thereby eliminating bias data if any .This also facilitates supply chain industry to get transparent and enables manufacturer to reduce number of data recalls .
Scalability : The reason why it is scalable is it facilitates access of data of supply chain node to be from anywhere
Improve Security : While blockchain is known to be regularised distributed ledger system with predefined coding rules , it reduces need for audit that generate internal system .

If you are also looking for blockchain technology exploration , you can hire expert consult for your next big blockchain application development .

January 18, 2019

Blockchain and Mobile App Development

Blockchain technology is latest buzz in almost every sector of different kind of business . The main reason why it has gained so much popularity is due to significant increase in the Bitcoin and its users.

Blockchain is known to be decentralised network which carries out the transactions in most secured way which is also fast , traceable and transparent . Now a days blockchain development technology is also one of the hottest topic among tech giants .

But the question is how do you actually trust that blockchain technology is 100% fit for carrying out secured transaction that fits in your application project ? You can get the answer to this question by having a deep understanding of fundamentals of Bitcoin and Blockchain .

Also Read : Blockchain Vs Bitcoin : What Future Holds ?

What Is Blockchain ?

In order to understand blockchain in a better way , let’s take the first step of understanding Bitcoin .

So what do you think Bitcoin is ? Bitcoin is known to be the very first decentralised currency in the world which has gained huge popularity over the last couple of years . Bitcoin has been developed using the concepts of the blockchain technology which is totally based on the concept of carrying out transactions on the basis of chain . The information about transactions updates at all devices in the world simultaneously .

Even in the world of mobile app development , blockchain technology seems to be one of the growing area of technology and mobile app developers are actually using various tired and tested methods in order to bring out the best solution out of the blockchain technology .

Before moving further let me tell you that blockchain technology has become so popular that many of the website has started accepting cryptocurrency as payment for taxes .

In order to carry our any transaction using blockchain technology , peer to peer payment architecture is used rather than carrying out the old server based architecture .

So in order to get the best mobile application , a blockchain software development company who also has deep understanding of the concept of bitcoin can help you reaping the full benefits of blockchain .

Want to develop mobile app based on blockchain technology ? Hire a mobile app development company for it .

Blockchain Adds Digital Ledger System

Blockchain uses digital ledger technology that is backed up by expansive network technology , all sending and parsing data collaboratively . It works on chain module , wherein the information on one system is directly transmitted to other machines on network and at the same time it also ensures authenticity and consistency of information .

As in 2019 , wherein the data across the smartphone world is experiencing with very heavy traffic and everyone is relying on getting the data wirelessly , there may be the possibilities of loss of information being transmitted . Blockchain can help featuring advance storage and data streaming thereby improving data transmit significantly .

Transparency Features Creating More Secured Environment

Transparency is one of the important function for any application to function properly , and it must be carried out in secured way . While taking take of transparency , security is another major concern in order to facilitate user with tracking in secured environment , and thereby at the same time making it impossible to carry out any fake transactions .

Thanks to Blockchain ledger that facilitates you to see everything at one place . The information storage and categorisation all can be tracked , verified and secured at one place .

In case there is a situation wherein there is overflow of entries , blockchain has a special feature of expanding itself automatically . So what are you waiting for ? Hire a blockchain app developer for creating your next big tech app .

Digital Data Is Safe Even If Accessed By Multiple Users At A Time

Encryption is made very complex with the use of Blockchain technology . Every user in blockchain has their own decryption key and hence it is impossible for anyone to fool the system .

In some professions mostly in case of financial and legal , multiple signatures are required at different stages . Blockchain technology can help them with carrying out the transaction with ease by allowing multiple parties to communicate with each other .

We have already discussed that blockchain is decentralised network which implies their is no mother and father for storage and management of information which makes it unique from other apps technologies that are till now available in market . These decentralised applications are completely open source and there is a need to operate autonomously .

A mobile application created with the merger of blockchain technology is latest and most effective way to create application that reflect your brand shininess .

Winklix is leading mobile app development company facilitating blockchain based app development .

June 22, 2018

How Is Blockchain Helping Real Estate Industry

blockchain app developer for real state industry

With step in of Blockchain technology , it has transformed the way of doing business across all industries , and real state industry is one of those benefited industry who is using such innovative technology . Right from the beginning real state industry is booming industry . According to recent data almost 210,000 first are involved in residential brokerage and is generating the total revenue of $ 250 Billion .

Blockchain technology aids real state industry with speedy transaction in more transparent manner thereby increasing transparency and reducing the paper works . Earlier Real state industry were just referred as large corporate industries which is usually a combination of corporate houses and influential property owners .

A recent vital changes in the real state companies has been seen . Companies like RealtyShares have started accepting bitcoin as payment , facilitating speedy transaction and thereby reducing transaction charges . The very first step by this company have gained a eye catchy look for other real state companies and as per the prediction they will soon join this list also .

What to know what is Blockchain ? Read our article here .

In brief we can say Blockchain is peer to peer ledger system based in encrypted technology wherein transaction is carried out in chain or blocks without any interference of third party during the transaction , thereby always remain free from all sorts of controls and regulations .

Blockchain Eliminates Interference Of MiddleMen

Right from the beginning middlemen or intermediator always played a important role while finalising any deal in between buyer and real estate company . Usually in past there is no other alternative than contacting a broker in case you want to buy it invest in property .

However with the step in of blockchain technology , no middlemen is usually required – this necessarily means you actually don;t have to have any commission to brokers or so . This is because you will be dealing in Bitcoin or Ethereum for either buying or selling in the property .

Reduces Cost And Highly Secured

Yes you heard it right . Blockchain can actually saves your’s lots of bucks as it eliminates brokerage and commission . Secondly transaction in cryptocurrency is highly secured due to its chain to chain end technology and thus increases the trust factor while translating .

Reducing Forgery Cases In Real Estate Industry

When it comes to real state , forgery case if must – this is the common thing which we may have come across when debating about the real state industry . There are number of incidents in which people practise unethical practises to illegally grab the property by creating some fake document claim a false person the owner of the property , but in actual he is not .

But with the adoption of the Blockchain technology , all the buyers , sellers and property owners will have a full proof evidence of the transaction conducted and that to digitally without any hassle of paper documents .

Maintaining Transparency Through Smart Contracts

Only a bunch of people buy property without availing a loan or mortgage facility . All others necessarily avail loan facility for purchasing any kind of property . And those who have been faced this process knows that how cumbersome and hectic is the process of availing loan , and it also take a Long time just to sanction the loan .

Blockchain offers smart contracts that facilitates easing the whole process . But developing the smart contract is not a child’s job that any one of the developer can do . You will be needing a blockchain developer to perform this job effectively .

The smart contract develop digital ID for concerned property either as a buyer or seller which will be permanently stored in blockchain and can not be changed , deleted or tampered . It also helps in monitoring of the transnational process , thereby making the transfer of ownership process much simpler .

Ensure Reliable Voting

Blockchain technology also helps conducting of voting in apartments , building or complex in efficient and reliable manner . Voting make be required in case of any important decision making or in respect of getting response for the predefined infrastructure and more\\

Summing Up

The blockchain has not only influenced real state industry , but has also fueling up other industries also like financial industry and more . Due to blockchain buyers and sellers life had become much easier than traditional methods of property investment .

The real state industry are slowly exploring more opportunities that Blockchain is offering and is thus thereby moving towards digital cryptocurrency transaction .

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