Blockchain, the technology of the future

Want to have a blockchain app developed?

Blockchain apps are at the dawn of an era of digital revolution. With a blockchain app, you make your brand future-proof and differentiate your brand from your competitors by innovatively responding to customer needs.

Blockchain is much more than the digital currency it started with. Implementing blockchain technology for your app is the ultimate way to make complex or fraud-sensitive processes more reliable and more secure . Blockchain changes the way we work. It offers a streamlined system that encourages collaboration and enables agreements through smart contracts. This makes business processes more efficient, reliable, and secure.

The applicability of blockchain apps is therefore diverse. For example, consider managing digital contracts, a central electronic patient file, or an app that can process votes. The possibilities of blockchain are unlimited. Would you like to know more or discuss whether your app concept is suitable for blockchain? Feel free to contact us, and we'll respond within a day.

‍Coffee IT as a blockchain app developer

Looking to have a blockchain app developed? As a full-service app developer, we specialize in creating apps, including blockchain-powered applications. When you develop a blockchain app, you're building an app with an eye on the future. Blockchain is a new and highly advanced technology. With this technology, we create custom app solutions for all platforms.

What is a blockchain app?

A blockchain can be compared to a universal ledger; all information and data mutations are stored decentrally and are fully transparent. This means that no single entity or person has exclusive ownership, but rather everyone shares ownership. Initially, blockchain was the data structure behind the well-known Bitcoin network, but today it is much more than that.

A blockchain app is essentially a blockchain-based or blockchain-performed app; it utilizes blockchain technology and can be configured for any mobile application.

Have an app built using blockchain technology

Are you planning to have an app built using blockchain technology? Then it's wise to first schedule an Accelerator Day for it. During this day, we define all requirements, target audience, strategy, and more. Afterwards, we develop an MVP app so it can be tested with the target audience. After validation, we efficiently continue developing the app.

‍The four principles of blockchain

Blockchain is the newcomer in our IT landscape. This technology is an extension of automation technology, cloud automation, and service clients. This is in contrast to government agencies and large banks, which still use mainframes from the 70s.

This is not surprising, as blockchain is still very new and many people are unclear about what it exactly is. Below, we have explained the most important principles of blockchain. 

1. Building an unchangeable chain of data blocks over time

This can involve all types and sizes of data, such as transaction data, documents, etc. Using a cryptographic algorithm (=hash), each file or block receives its own unique identification. The hash of a data block is stored in the next block, connecting all blocks in the chain.

2. The chain makes the blockchain. All blocks are distributed among all participants

Each chain can be shared with all other parties (=computer nodes). All parties can obtain an exact copy of all data and the corresponding proof of the chain, and verify that these copies remain identical (synchronized). This makes it more difficult to unlawfully alter the data.

3. All parties must agree on the data of the last block

There must be consensus on the content of the last block. Bitcoin achieves this through 'proof of work' (e.g., with 'mining'), while other systems use voting mechanisms like 'proof of stake'. Consensus is not possible if the group of parties (=nodes) cannot reach an agreement on the data to be included in the last block.

4. The programming code is stored and executed in smart contracts or decentralized apps

Almost any programming code can be stored and executed in a decentralized manner. An example of this is a DAO (Decentralized Autonomous Organization), which is an (investment) organization run without employees or central authority. DAOs are seen as the future for many organizations. Take a platform like YouTube, for instance. It is currently managed by a management team but could well operate decentrally in the near future. Blockchain apps are excellent tools for this. By significantly improving efficiency, overhead costs, personnel, and time can be saved.