Thinking about launching a new Crypto asset or an end user, privacy-first service? Look no further.
As one of the most reliable blockchain development services UK, we provide an end to end Blockchain Solution Service, from ideation to implementation. We are an advisory and development firm specializing in building blockchain focused solutions and businesses. We have worked with leading Enterprise Blockchain platforms like Ethereum, Hyperledger and R3 Corda.
Use Cases of Blockchain
A blockchain, originally block chain, is a growing list of records, called blocks, which are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data (generally represented as a merkle tree root hash).
Blockchain was invented by Satoshi Nakamoto in 2008 to serve as the public transaction ledger of the cryptocurrency bitcoin. The invention of the blockchain for bitcoin made it the first digital currency to solve the double-spending problem without the need of a trusted authority or central server.
However Bitcoin IS NOT Blockchain. The security provided by the decentralized network have resulted in the technology being actively adopted for various use cases, some of them are:
- Energy utilization and sharing
- Crypto Assets – Currency and high-value asset held in crypto trust, securely stored and provide immutable record of authenticity
- Identity Documents – Documents like Certificates, official identities like Driving License and even National ID cards
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