Blockchain Technology Explained!

What is Blockchain Technology?

MalaysiaAirlines

Malaysia airline

HOUM

Houm

Blockapps

BlockApps

Hbar Price

Hbar Price

Coin DCX

CoinDCX

Mentor Box

MentorBOx

Earthid

Earth.ID

Inlaks

Inlaks

Hashing system

Hashing Systems

TATA Communications

TATA communication

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

Identity management

The tasks which require a digital identity are increasing with every passing days, so does the risk of data thefts are on increasing. Here Blockchain can solve such challenges by eliminating the need for any centralized authority and giving control over the digital identity to individuals. On a decentralized network, Blockchain paves the path to self-sovereign identity, which assures that the identity documents are verified and endorsed by permissioned participants on the network. Instead of any third parties like verification companies, Blockchain offers the control of digital identity in the hands of identity owners

Protection of intellectual property

Where safeguarding intellectual property comes Blockchain induced Smart contracts plays an important role in protecting copyrights and automate the procedure of content for sales, ultimately the risk of redistribution mitigates. Such Blockchain platforms allows users to make payments in fractional cryptocurrency amounts, where smart contractsare used to build peer-to-peer music distribution system that allows musicians to sell their songs directly to audiences and to producers sample licences

Supply chain auditing

Blockchain’s feature of Distributed Ledger offers easy, quick and efficient way of back-tracing the products within the supply chain on real time basis at all locations. The features such as timestamping of a date and location brings transparency to the Blockchain based supply chain ecosystems

Sharing economy

The concept of sharing economy these days are on increase with coming of companies like Uber, where users are dependent on intermediary or centralized authority like companies to avail services. Here Blockchain presents an opportunity to avoid the intermediaryauthorities and enable direct interaction between parties, where both can transact without any transaction fees

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 based Consulting

Our Blockchain based consultancy revolves around that how it could bring advantage to your business along with added trust and transparency

dApps Development

As a Web Application Development Company, we engage in creation of innovative ideas to designing and developing, our Blockchain developers to it all to transform it into dApps which eventually helps our clients to maximize their ROI

Blockchain based Supply Chain development

We put into use the transparency feature of Blockchain technology for Supply Chain based solutions in various industries by Custom Software development, which offers 100% transparency at each step of the product

Custom Blockchain Development

Our expertise over various Blockchain platforms such as Hyperledger, Corda, Stellar, Tezos gives us an upper hand in developing a robust Blockchain solution for enterprises which is scalable

Smart Contracts

We have developed smart contracts for various purposes such as Blockchain Supply Chain solutions, dApps. Our dedicated smart contracts development team develops and deploys smart contracts for public and private blockchains efficiently

Decentralized Exchange

We being a Blockchain Technology development company, our team of developers has expertise in Custom Software Development with great robust and hack-proof platform over iOS and Android, along with platform for Web Application development for securely real-time exchange of digital currencies.

Wallet Development

Our highly knowledgeable and skilled team of developers can develop wallet dApps which can provide seamless convenience for creation of digital assets and currencies, along with the smart ability to track history at ease

We being a Blockchain Technology development company, our team of developers has expertise in Custom Software Development with great robust and hack-proof platform over iOS and Android, along with platform for Web Application development for securely real-time exchange of digital currencies.

Blockchain Technology Platforms We Work On

Hyperledger

Hyperledger is an open source collaborative effort created to advance cross-industry blockchain technologies. It is a global collaboration, hosted by The Linux Foundation, including leaders in finance, banking, Internet of Things, supply chains, manufacturing, and Technology.

Ethereum

Ethereum is an open-source blockchain-based distributed computing platform and operating system featuring smart contracts functionality. Ethereum was the first blockchain project to install smart contract technology, which eliminates the need for third party to enter into an agreement

Corda

Corda is an open source blockchain project, designed for business from the start. Only Corda allows you to build interoperable blockchain networks that transact in strict privacy. Corda's smart contract technology allows businesses to transact directly, with value.

Hashgraph

Hashgraph is a distributed ledger technology. It is an asynchronous Byzantine Fault Tolerance consensus algorithm capable of securing the platform against attacks.

EOS

EOS is a Blockchain platform which is powered by native cryptocurrency named as EOS. Its is a decentralized operating system which can support industrial large-scale dApps.

Stellar

Stellar is an open source network for financial products, with Stellar one can create, send and trade over digital assets.

Tezos

Tezos is a platform linked to a digital token, called a Tezzie or Tez, which is a decentralized blockchain platform that is self-governing and establishes a true digital commonwealth. Here token holders get a reward for participating in the proof-of-stake consensus mechanism, as platform is not based on the mining of Tez. Tezos is a smart contract and dApp platform. What makes it unique from other platforms is its self-amending cryptographic mechanism.

Tron

Tron is a Blockchain platform based upon cryptocurrency named Tronix, which is decentralized nature and used to create high performance Blockchain apps

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.

Transparency

By making use of Consensus Time Stamping, Corda ensures that no one can control the order of transactions.

Security

Based on the Bank-Grade Security, Corda offers great security by ruling out bad actors from preventing consensus.

High Potential

Corda is really fast and has potential to compute around 200,000 transactions just within a few seconds.

Uniqueness

Corda works on the two techniques i.e. Gossip about Gossip and Virtual Voting to reach the distributed consensus that is quite effectual.

Technologies We Work On

Blockchain

Hashgraph logo
HyperledgerLogo
Corda Logo
Ethereum Logo
Tezos

Front-end

Angular Js
React logo
Bootstrap

Back-end

Node Js
Python
Java
Express Js

Mobile Application Development

Swift
React
Ionic

Database

Mysql
Oracle
Mango DB

Servers

Amazon We services
Google Cloud

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.

development Process

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.

What is Enterprise Blockchain
Enterprise Blockchain Developers In India

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.

Hire Blockchain Developer | Hire Dedicated Blockchain Developer

Long Term Contract

25$/hr

Minimum one year

Hire Dedicated Developer

Short Term Contract

30$/hr

Minimum six months

Hire Dedicated Developer

Consultancy/Bug-Fixes

40$/hr

Minimum one hour

Hire Dedicated Developer

How We Get Blockchain Technology Development Done

Transparency

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.

Customer obsession​

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.

Code Quality

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

1
Responsible for the architecture and design of Smart Contracts, Oracles and DAPPS based on a distributed blockchain-based network.
2
Our developers have minimum 5+ Years in software development experience, 3+ Years in Blockchain
3
Knowledge of R3 Corda and Quorum Blockchains. Strong knowledge of Ethereum and Hyperledger
4
Knowledge of R3 Corda and Quorum Blockchains Smart contract development experience in Solidity/GO
5
Hands on experience with Truffle, Web3.js and other Blockchain developer tools Strong software development background
6
Strong knowledge of common algorithms and data structures Strong knowledge of concurrency and writing efficient and safe multithreaded code

4

Developer should have the knowledge of fundamentals of blockchain, smart contracts, Consensus, governance etc.

5

Experience and awareness of socket.io library is something you have to check for, because, web sockets help create real-time applications like chat and even games.

6

Experience and awareness of socket.io library is something you have to check for, because, web sockets help create real-time applications like chat and even games.

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 Numbers

30+

Projects
Completed ​

5+

Startups
Got Funding​

5000+

Entrepreneurs
Consulted Worldwide​

150K+

LInes of Code
Deployed​

2

Development
Centers

25+

Global
Workforce​

Why Hire Blockchain Technology Developer from Rejolut?

Dedicated Resource

We provide you dedicated resource who only focus on your project which leads to quality code and faster implementation

Daily/Weekly Reporting

Our developer provide you the daily & weekly reporting. We follow Trello for task management & slack for hassle free communication

Scalable Framework

Our proven framework will led you to scale the team on demand keeping the quality intact

Remote Capabilities

We are the remote first company and all our developers have experienced in working remotely

Flexible cost

You can hire from us a dedicated developer or a dedicated team or to solve a small issues

Managed Service

Our all developers are managed by a highly qualified founding team who are responsible for quality delivery on time

Other related service from Rejolut

hyperledger developers
Hire Hyperledger Developer
Crypto exchange developers
Hire Emerging Technology Developer
Hedera Hashgraph Developers
Hire Hedera Hashgraph Developer
enterprise technology developers
Hire Enterprise Blockchain Developer

Insights

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

  • First in the world to deploy smart contract

    We are the first in the world to deploy the smart contract in Hedera Test Network.

  • Producthunt Golden Kitty Award

    One of the products developed by us is selected for the ProductHunt Golden Kitty Award in 2019 in Dev Tool category

  • Selected as the Startup of the week

    We got selected as the Blockchain Startup of the Week in 2019 by INC42, One of India's leading media pltform

  • We got covered

    The product developed by us got covered by Markets Insider, PR Newswire, Inc42, TechCircle, Forbes etc

  • Contribution to Open Source Projects

    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.

  • Working with Fortune 500 companies

    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

  • Believe in winning

    We are the winner of a couple of Blockchain Hackathon nationally and internationally

  • Helped start-up to bag multi million dollar funding

    The product which we have developed got multi-million dollar funding and also get selected in the top accelerators and incubators

  • App got selected for Google I/0 2019

    The app developed by us got selected for presentation in Google I/O 2019 to demonstrate Flutter Use-case in beauty Industries.

Happy Customer

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.

which is done by us and if it breaks or messed by us we will generally fix it right away. It is rare
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. 

Our Team

Vishal Dharmawat

Blockchain Expert & Consultant

Rahul Asati

Blockchain Expert & Delivery

Blockchain Development in 2020

Want to explore ?
  • How does Blockchain works?
  • Is Blockchain open source??
  • What are challenges is blockchain adoption?

Success Story

“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.

Shiv Aggarwal

CEO, Myearth.id

“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.

Gary Guo

Software Engineer, Google

Think Big, Act Fast

Speed up your Hedera Hashgraph adoption with our proven framework

Thanks for contacting us, we will reach you in 24 hours, if you need to contact earlier please ping us on whatsapp +91-9035771700.

India - Mumbai​

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