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As the name suggests, Decentralized Applications (or dApps), lack centralization. The code is distributed on the blockchain and all the computation happens across a wide network of nodes. No single entity has full control over the platform or process being used. That makes them more secure, autonomous and resilient than traditional applications.
Unlike centralized applications like Twitter or Facebook, a dApp is resistant to censorship and to any single point of failure. dApps don’t need downtime and are immune to local issues like flooding, fires or planned attacks on centralized servers.
Public blockchain networks are open source and their data is visible to everyone. This feature gives them one of the biggest advantages of the technology: transparency.
Still, not all data stored should be in a human-readable format. Instead, it can be stored in a centralized database remaining private and only it’s cryptographically encrypted equivalent is stored on the blockchain as a proof. Thanks to their transparency, public blockchains can be used as proof that the original data is valid.
If you need to have a tamper-proof record, avoid the dangers of centralization or you just want to establish trust by making your data visible to partners and clients, public blockchains are the right choice.
Having worked on projects across a variety of industries, we have gained deep knowledge of the two most established and commonly used public blockchain networks: EOS and Ethereum. Our experience has also helped us to establish EOS Bulgaria and ETHBulgaria and lead the blockchain community across the South-Eastern European region.
Infinite X works with enterprises to realize and scale the potential of distributed ledger technology. This is done through open-source enterprise platforms such as Hyperledger and Corda. These networks provide an extremely secure ecosystem with great privacy and high throughput while ensuring that transaction data is only available to specifically authorized parties.
Private blockchains are currently being used and tested worldwide in many different industries.
Walmart and Starbucks are utilizing the power of this technology to track the authenticity of raw products and to increase customer trust by providing more product data. The largest financial institutions, shipping, energy, oil, and gas companies are all exploring the potential of this revolutionary technology as we speak.
Smart contracts have enormous potential for automation - they reduce business costs by removing middlemen and optimizing processes. Once they are implemented, the business logic is enforced within the code and can’t be changed easily which makes it extremely secure and trusted.
Smart contracts are the building blocks of decentralized applications. They hold the business logic and are responsible for the interaction with the blockchain network or the selected distributed technology.
Through our consulting, we help clients to understand and utilize DLT in ways that really matter for their bottom line. This begins with a rigorous business analysis phase, where we diagnose the internal and external environment, the technology, processes and the behaviors of the members of the organization.
After the business analysis, we recommend the necessary actions (if such are needed) to digitize these internal processes and utilize the blockchain capabilities that will help your organization and people thrive in an ever-changing context.
Unlike traditional applications, decentralized ones introduce brand new concepts such as tokens & wallets that are likely unknown to most users. That being said, traditional principles for building the UX flow and UI have to be rethought. We provide something better.
Our deep experience with the technology and the industry helped us to introduce a new approach to the dApps' UI & UX making designs that stand out and shine compared to their competitors.
With the evolution of the dApps and their requirements, the need for better-developed blockchain networks was born. As the industry matures, there are many cases where dApp developers want to progress faster than their current protocol allows. Some Ethereum projects have started migrating to EOS to benefit from the protocol improvements and reach their full potential.
Our team is a leader in both Ethereum & EOS development and we can help in migrating your project from one network to another while further optimizing it.
We use a collaborative approach to help guide you through the challenges of your blockchain journey. We manage complex projects from beginning to end, working with our strategic partners around the globe to provide results of the highest quality.
The answer to this question is also formulated as the “Vision”. It will guide us through the entire development journey. Our Project Manager works with your team to learn about your company’s pain points and gain a full understanding of your industry, goals, and challenges.
Once we have determined the business problem and vision, we begin to figure out the technical requirements for the project. Because your business needs and environment are unique, so too will be your blockchain solution. Whether we use EOS, Ethereum or other protocols, the end result is what matters most.
After the analysis phase, our team determines the core solution and technology. Our PM will coordinate with you to establish the process for delivery - from ideation to successful outcome. If you are ready, we can begin development. By following agile methodologies, we can remain flexible and improve the solution as we progress.
For many products, the launch is just the beginning of a long journey. Improvements are always needed, so what comes next? Our team will keep your product at the forefront of the industry through updates that come at regular intervals.
Block One
Greeneum
SOV
Fandona
We’re pioneers in the development and application of blockchain technologies.