Tag: blockchain app development company

Posted on

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 .
Posted on

BLOCKCHAIN VS BITCOIN AND WHAT DOES THE FUTURE HOLDS FOR THEM?

blockchain app development

There has been huge fuzz around the Blockchain and bitcoin in the recent times. These technologies have been a very interesting area. It is capturing the imagination of the users. If someone told you about 10 years ago that there will exist a currency which will not governed by the government or bank and the transactions involved cannot be hacked by the third, you will think that the person must be joking. Well… fast forwarding to today, it has become possible due to the blockchain and bitcoin technology. What the future holds for both of them? We will try to figure it out but first let us try to understand what is the difference between blockchain and bitcoin? 

Dissimilarities between Blockchain and Bitcoin

Bitcoin: 

It is an online cyber-currency. Bitcoin wallet holds all your cyber-currencies and is used to buy, sell and use the currencies. There are two ways to have the currency, either you can mine the bitcoin or you can buy the bitcoin. Mining of bitcoin is very interesting as it allows users to mine the bitcoin by spending your computer resources like processor for maintaining the blockchain ledger and solving the complexities. 

Blockchain: 

Bitcoin is made possible due to blockchain technology. A decentralized record is created with the help of this technology which cannot be changed. It is impossible to make any modifications in the record because every node is connected to each other. So the security of your previous bitcoin is very tight.

Bitcoin: A universal currency for future?

Nobody knows what the future has in store for us, but I believe that bitcoin will stay for a longer period in the future. It has a very good future ahead. However, it is extremely difficult for a cryptocurrency to be a universal currency so soon. But if you look at long term perspective you may see that this currency will be spend on most website just like PayPal and credit cards.

It is just a beginning of bitcoin. Just like when Internet came into picture, nobody thought it will be huge as what is it today. Today after so many years, almost everyone is quite aware of the internet and is using it. Similarly, bitcoin is a new concept and people are just beginning to understand what bitcoin is and how it works. There is a possibility that in the long term, people will be using bitcoin and it will be a known thing just like what internet is today for the people. The more and more people get used to it, bitcoin will continue to develop and there will be more places where it will be accepted by the people for the payment. This is how the bitcoin cycle will continue to go on.

Bitcoin has an excellent future ahead of it as it can be used as something to trade with. If in the future, it can buy you a cup of tea, then this will be a huge plus. This will completely change how the money works and it can even replace the physical currency.

The future begins now!

The initiation has already begun. In Venezuela, where the physical currency was unstable, people started using bitcoin as a currency as it was the only stable form of the currency and it didn’t require banks. All you need is an internet connection to trade bitcoin making it very convenient. The number of cryptocurrencies has already grown close to 900. These are very exciting times to be in and there is a great future for the cryptocurrencies.

So if you are looking for blockchain app development company , you can right away contact us .

Posted on

BLOCKCHAIN WALLET: HOW DO YOU CHOOSE THE RIGHT ONE?

blockchain wallet

If you are a newbie to blockchain technology, then one of the first things you need to have is blockchain wallet. If you are want to carry a cryptocurrency, then you need a place to store the cryptocurrency. Blockchain wallets give you exactly that. They are a secure place just like a bank and wallet is like an account in the bank however without a bank. Blockchain technology is used by the bitcoin wallets to store the cryptocurrencies. Blockchain wallets are either run online or using a software. There are two types of blockchain wallets. These are as follows:

Web/Hosted Wallets: 

These wallets are hosted on web by the third party host. Money is a crucial thing. Nobody wants it get stolen. So while choosing these type of wallet host, keep an eye on the security provided by the third party host. Make sure that security of your cryptocurrency is very tight. These wallets are convenient to use and have a very user-friendly user interface.

Software Wallets:

Software wallets are the wallets which you can easily install on your mobile phones and laptops. These types of wallets are difficult to maintain but gives you total control of your cryptocurrency. This type of wallet has a much better security as compared to the hosted wallets.

Choosing the right bitcoin wallet

To get started, Blockchain wallet is preferred by most of the people. It provides high end security, very convenient to use and maintains privacy of the user. But as the user get some more experienced and have the knowledge how the blockchain system works, he/she should his hands on another bitcoin wallet known as coinbase. Coinbase has a much better security as it uses seed phrases and it is not a web based app. It is rather a desktop app.

To start with, you need a platform which is very simple to use, cross-platform and global. Blockchain has all the required necessities. This makes it perfect platform for the users. Bitcoin is quite different from the banks. Bitcoin wallet offering companies do not have the authority to view the balance and the transactions made by the users. These wallet companies are eager to solve any queries and questions regarding Bitcoin wallets with their dedicated FAQs on the cryptocurrencies. This is done to build the trust of the users helping them to use their bitcoin wallet.

The most popular wallet available in the market is coinbase with over 8 million users in the 32 countries. It offers buying and selling of bitcoin and other cryptocurrencies like Litecoin and Ethereum. It helps in the protection of insurance, provides mobile wallet, instantaneous exchanges and recurring buys. 

Other wallets from blockchain technology

When you become more than more aware about the blockchain technology, you will find that there are numerous bitcoin wallets which you can choose from. One of the popular platforms is the Jaxx blockchain interface which supports many other platforms. The best feature of this wallet is that that it restricts the access to your funds and no verification is required for it.

To swap various digital cryptocurrencies that you hold, ShapeShift platform provides a great opportunity to do this. The whole code of the Jaxx is available for audit, making it one of the most secure platforms as it is present on most of the browsers and smartphones. As the developers and the users can view the code, users feel highly secure while using the platform. 

These are time where value of BTC and ETH is augmenting rapidly. That is why a hardware wallet can provide maximum security although it is kind of old school. Ledger Nano is a hardware wallet which is compatible with many cryptocurrencies and can be connected by a USB to a computer or laptop. It has a feature of double checking each transaction to ensure the security of your cryptocurrencies.

For more tips on Decentralised app development , you can refer our article here .

Developing the future blockchain wallet

As this blockchain technology is a newbie, the developers are looking to quickly pounce on it. They are looking forward to take this technology to new height and are building more advanced blockchain wallets with new features.

Nimiq is a new cryptocurrency wallet built in the web browsers like Firefox, Chrome. You can even mine the cryptocurrencies in there. It gives you huge advantage as it offers an easy installation. Nimiq is looking forward to build a 3rd generation blockchain protocol which will allow you to sync, free installation and offer instantaneous installations. Bitcoin wallets have a great fortune as far as the future is concerned. Its significance will rise when more and more people start using this technology.

We, at Winklix has expertise knowledge in developing blockchain app and wallets, and that’s why we are know to be the best blockchain  app development company . If you are interested in getting your app build by the blockchain app experts, then contact us right now!