Determine your Company’s Niche

To derive value, the niche must provide a credible platform for the creative and relevant application of blockchain technology.

Workflow Design for Blockchain Integration

Developers must create a formidable workflow that will assist them throughout the project's stages, to perform evaluation, formulation, and prioritization in order to experiment with blockchain.

Proof of Concept

The proof-of-concept could be a theoretical blueprint or a prototype, this showcases the feasibility of the project. It communicates the productivity and viability of the product for end-users and the feedback from stakeholders.

New or Existing Blockchain

It is critical to consider whether you require an existing blockchain or whether you need to create a new one. Developers must go through complex processes to create nodes and blockchain instances beforehand.

Public and Private Blockchain

Stakeholders should know whether they need a public blockchain or a private blockchain, as both have their own differences. Developers should take note for the long-term planning of a blockchain solution before making decisions.

Consensus Mechanism

Consensus mechanism has unique exceptions that dictate the flow of transactions in your blockchain solution. It is basically an algorithm that enables trust among independent participants.

Actual Development

In development leveraging APIs for generating key pairs and addresses, performing data authentication, auditing functions alongside data storage and retrieval can achieve the desired functionalities in your blockchain solution for providing ease of use to end-users.