Blockchain Technology Explained!
What is Blockchain Technology?
Clients & Patners
History of Blockchain Technology
Blockchain as technology started to gain importance only when Nakamoto’s whitepaper named – ‘Bitcoin: a peer-to-peer electronic cash system’, was published in 2008, which introduced Blockchain to the world again. Which was imagined by Scott Stornetta and Stuart Haber in 1991, when they started work on such a technology which would be cryptographically secured blocks in a chain that no one could tamper with timestamps. Bitcoin was launched by Satoshiin 2009, which he left by handing it over to the Bitcoin development to other developers. Thereafter, the developers started to develop the new concept of peer-to-peer currency that does not involve central entities. Later in 2010, the world’s first cryptocurrency exchange named Bitcoin Market and first real payment in BTC was made by the Bitcoin Pizza Guy, Lazlo Hanyecz.
What are Blocks
Here a Block can be regarded as a page in the ledger system, where a block consists of a timestamp, data, and a hash of the block along with a hash of the previous block. Apart from that, there are always variants among blocks, which depends upon the type of Blockchain it is from. Like a block of Bitcoin Blockchain stores the details regarding a transaction which can be details of the sender, receiver, and other information like balance coins remaining. Hash of a block acts as unique identification and of its contents. To keep track of the creation and update time of the block, a timestamp includes the time when the block and always to maintain chronology, a hash of a previous block is added to the hash of the new block. Thus, in Blockchain under any case altering any block makes all the blocks invalid. The Blocks get distributed across all machines, which are called nodes on the network and every such node keeps a copy, so data always remains accessible over the network.
How does Blockchain Technology works?
The main concepts over. The main concepts over which Blockchain works are
Private key cryptography.
Distributed network with a shared ledger
An incentive to service the network’s transactions, security, and record-keeping.
Private Key Cryptography
Private Key Cryptography in Blockchain works upon a concept where two parties desiring to transact over the internet, every one of them must hold a private and public key. Users having public as well as private keys offers the reliable control of ownership and such combination also can be viewed as a type of consent like a unique digital signature. While it must not be forgotten that to protect digital relationships, cryptography is not sufficient but it must be authorization
Distributed network with a shared ledger
In Blockchain, the validators on the network help reach a consensus and for which they use mathematical verification or computation. On the network, to start a transaction a node starts it by creating it and signing it with its private key. Transactions comprise the logic of transfer of value, source and destination addresses, rules along with the validation information. The transactions that are to be stored in a block gets verified by a network of computers on the blockchain, once it happens, they add it to the block. Thereafter, the block which contains the information, timestamp, and digital signature gets broadcasted to all the nodes in the network to be accessible to all times
Application of Blockchain technology
We are one of the Leading Blockchain Technology Development Company. We offer best Custom Blockchain Technology Development Solutions & Services to solve complex business problems
Rejolut is a Blockchain Technology Development Company to deliver build fast and robustly secure Blockchain Applications for financial as well as other purposes at lightening speed. Hire Blockchain developer from the leading tech company as per your requirement.
Blockchain Technology Development Services
Rejolut is one of the leading Blockchain Technology Development Company which is working with leading brands across the world like Hashing Systems, Hbar price, Earth ID, Tata Communication, Malaysia Airline etc.
Blockchain Technology Platforms We Work On
Blockchain Technology Experts
Custom Blockchain Technology Development Advantage
Having more than 2+ years of cumulative experience developing Blockchain Applications on different platforms, we understand you requirement better than else and capable of delivering at lightening speed. Hire R3 corda developers as per your requirement from leading tech company.
Technologies We Work On
Mobile Application Development
Rejolut Blockchain Technology Development Process
Rejolut Technology provides Custom Blockchain Development Services to startups and Enterprises. We are working with the Fortune 500 Brands. We develop an nimble software development approach for all types of development projects. We have dedicated team of software engineers with decades of experience and track record of delivering successful projects before the committed date and time.
What is Blockchain Technology?
Blockchain is a growing list of records, called blocks, that are linked using cryptography. Each block refers to the previous block and together make the Blockchain. Blockchain is not just a technology but also the next generation of the Internet that has varied applications in day to life.
How Blockchain Technology Works?
Blockchain is known as ‘Distributed Ledger Technology’ (DLT), is an increasing record of files, known as blocks, which are Connected using cryptography. Each block identifies the prior block and together create the blockchain. In Blockchain document timestamps couldn’t be tampered with timestamps of files, hence rendering it tamperproof and powerful in safety.
How We Get Blockchain Technology Development Done
We ask our clients to participate in a deeply collaborative process. You’ll be in constant communication with your team every step of the way.
In depth knowledge
We are one of the Top Blockchain Development Company who has the capabilities to go very deep inside the code of blockchain to solve the business problem. We can even rewrite the libraries and sdk.
We are obsessed to serve you better than any other Blockchain consulting firm. This obsession leads us to go extra mile for all our customer. Your priorities are our priorities. Your goals are our goals. Your success is our success.
We treat your project as our own. We always keep in mind the scalability, security and reusability before writing a single line of code. All the code which we do will be shared by you from the day 0 in GitHub repository.
Better, stronger & faster
We move quickly. A fast-paced and aggressive approach will be the catalyst for our engagement and iteration. Staying agile allows us to prioritize needs, test earlier, and land on the best possible solution.
30 days free warranty
We are so confident about our deliverables that we provide 30 days free warranty for any issues or bugs arises in the code written by us. Although it does not happen normally but if it happen we will solve it for free.
Let’s build something awesome using Blockchain Technology
Frequently Asked Questions About Blockchain Technology
Each transaction is confirmed as we go. This massively increases privacy (your transaction is not intermingled with everybody else’s) and, because we support multiple notaries on the same network, also enables things to go faster. So Corda is both a blockchain and not a blockchain!
R3 stands for Reduce, Reuse, Recycle.
Checklist While Hiring Blockchain Technology Developer
Our innovative hiring | Training process
Our HR team source the resume from best colleges/companies based on the job description
Once we filtered the right set of candidate we provide them the algorithm and domain specific online tests
Once selected the first round we call them at our headquarter in Mumbai for 3 F2F round and meeting with team
Once the developer is on-boarded we deploy them in live projects for 3 months before available for hire by the clients
Rejolut by the
LInes of Code
Why Hire Blockchain Technology Developer from Rejolut?
We provide you dedicated resource who only focus on your project which leads to quality code and faster implementation
Our developer provide you the daily & weekly reporting. We follow Trello for task management & slack for hassle free communication
Our proven framework will led you to scale the team on demand keeping the quality intact
We are the remote first company and all our developers have experienced in working remotely
You can hire from us a dedicated developer or a dedicated team or to solve a small issues
Our all developers are managed by a highly qualified founding team who are responsible for quality delivery on time
Other related service from Rejolut
Top 20 companies in 2020 for Corda Development
Top 10 Trending Technological Trends in 2020
Top 10 companies in 2020 for Enterprise Blockchain
We believe in winning and help you to win
We constantly innovate and contribute to open source projects. Currently, we have contributed to two open-source projects iOS SDK for Heders and Custom Model to parse resume using ML & AI.
We are fortunate enough to work with fortune 500 companies like Malaysian Airlines, Tata group, Jazeera Airlines etc in a very short span of time
We are the winner of a couple of Blockchain Hackathon nationally and internationally
The product which we have developed got multi-million dollar funding and also get selected in the top accelerators and incubators
We are the first in the world to deploy the smart contract in Hedera Test Network.
One of the products developed by us is selected for the ProductHunt Golden Kitty Award in 2019 in Dev Tool category
We got selected as the Blockchain Startup of the Week in 2019 by INC42, One of India's leading media pltform
The product developed by us got covered by Markets Insider, PR Newswire, Inc42, TechCircle, Forbes etc
The app developed by us got selected for presentation in Google I/O 2019 to demonstrate Flutter Use-case in beauty Industries.
We are the customer first agency and our obsession to solve customer problem differentiates us from other agency. We believe in a philosophy that “Your happiness is our happiness and as you grow, we grow too”
Frequently Asked Questions
We provide you the managed service which means all our developers are managed by the founder itself who takes over all the technology & architectural decisions as long as the decisions are within the parameters that the business has set.
We understand the importance of data security and Intellectual property rights, so we have taken it very seriously. We follow these steps to safeguard it:-
1) We sign the NDA before any engagement.
2) Our all the office is protected by biometric door access control system and has only the limited access.
3) Access of any code or data is only available to the senior employee.
4) Our all employee is bound to sign the NDA before joining to protect the customer from any data or information breach.
that you find the error post-launch (very rare!) but if it does happen, we will jump right on it. If the
code needs fixing because of the issue uncontrollable by us (like third-party libraries and plugins)
we offer a 30 days warranty for free support and fixing.
Naturally, our warranty does not include any fixes or changes done by you (client’s team). So if
someone in your team decided to go into the code and change thing up fixes will additionally cost.
We have taken our communication very seriously. The TAT for any queries by client is one hour in slack & one day in mail.
Delivering the product on time is the only priority for us so if required our team is also present on client’s time zone along with weekends or on holidays.
We are a pixel perfect development agency. We do understand the importance of UI/UX in development process as it helps in increasing brand’s ROI, attract more users, reduce funnel drop, increase product presence in multiple screen sizes, increase retention etc.
Blockchain Expert & Consultant
Blockchain Expert & Delivery
Blockchain Development in 2020
- How does Blockchain works?
- Is Blockchain open source??
- What are challenges is blockchain adoption?
“Deliverables are of premium quality at lightening speed which saves a huge cost on technology”
Rejolut is a great company when it comes to custom blockchain development. They are obsessed about quality deliverables and customer satisfaction.
I am happy to recommend them for any custom blockchain development.
“Customer obsession are of different level”
I worked with them at Mentorbox. They provide a fantastic technology consultancy with fast and accurate results to deliver high-quality product development. The founders are creative, knowledgeable and technical experts with vast experiences in many industries.
Software Engineer, Google
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