Blockchain technology has been a topic of discussion for everyone due to its impacts on several sectors. Several companies are trying to learn and master whereas Peerbits has already has already done the former.
Blockchain technology has brought a revolution in the IT field. With every company trying to put their foot in this new arena, Peerbits has already mastered itself in this trade.
Peerbits has delivered numerous blockchain app development services of superior quality in a short period.
Peerbits is a leading Mobile App Development company based in India & UAE with a global presence in Colombia, Saudi Arabia, and Canada.
Peerbits has developed mobile apps of diverse technologies including the blockchain app development technology.
Blockchain technology according to the dictionary is “a digital ledger in which transactions made in bitcoin or another cryptocurrency are recorded chronologically and publicly.”
Blockchain comes with a plethora of advantages for different sectors. It is the reason why every company wants a Blockchain solution.
Key Features of Blockchain Technology
- Blockchain works on decentralized principle and involves many connected devices. This increased number of devices offers higher power and capacity as compared to that of fewer devices connected in a centralized system.
- Blockchain ensures high security as there is a uniform distribution of data in all the nodes and no single point has all the data. So even if someone hacks an individual account, it won’t shut down the entire system.
- Minting of coins involves programmers competing to solve computational problems to create a new block of latest transactions.
- Blockchain technology can do faster settlements as compared to banks and other financial institutions.
- Immutability of Blockchain technology is a massive bonus as it ensures that there is no alternation in entered data. Moreover, there can’t be an alteration of data even by the system itself.
Benefits of Blockchain Technology
- Blockchain offers a great deal of traceability and transparency in Supply management system. It helps in tracking and auditing of good’s movement.
- Blockchain technology removes all the middlemen and intermediaries which reduces the cost of transaction considerably.
- Blockchain technology ensures high security due to several factors like immutability, transparency, and its decentralized system.
- It offers the utmost level of transparency as you can share data among all the users. Moreover, any alternation is only possible with a consensus.
- Blockchain technology increases the speed of transactions as there are no intermediaries. Digitalization of trade also helps as people have to deal with less paperwork.
Peerbits is an ISO 9001: 2015 and NASSCOM certified organization. It won the award of “Company of the Year 2017” under Mobile-based Solutions category.
Peerbits was founded in 2011 by four like-minded technocrats. Now Peerbits is a leading Mobile app development company which offers excellent solutions like smart contracts, dAaps, Crypto exchange, and wallet development with the help of a pool of esteemed professionals.
Along with this company offers the variety of solutions in Mobile Application Development.
Category: Mobile App DevelopersCompany about: Peerbits is a global mobile app development company with its presence in four countries; India, Saudi Arabia, UAE, and Colombia. With the holistic aim to provide innovative mobility solutions, we, at Peerbits offer a spectrum of custom mobile app development ranging from enterprise mobility solutions to startup apps, on-demand mobile apps, and healthcare mobility solutions. https://www.peerbits.com/
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