In this post, I’ll show you EXACTLY how to get started with blockchain development for your startup business or how to add blockchain to a successfully established business model. 

This is the same process I’ve used to build a blockchain-based applications for several startups or businesses:

I believe that in 2022, having worked on multiple blockchain development platforms for different industries, I should present a complete blockchain guide for startups to all my readers.

So, if you are trying to figure out how blockchain works or finding out what benefits blockchain can bring to your startup or an established organization, it will be well worth your time to read this.

I have tried to keep the entire article basic and estimable for your convenience.

What Is Blockchain? Important Things You Need to Know

If I tell you in simple words, a blockchain is a distributed database that is shared among the nodes of a computer network. As a database, a blockchain stores information electronically in a digital format. 

Actually, it’s a chain of cryptographically linked timestamped digital documents referred to as “blocks”.

The best thing about the Blockchain is that anything you put into it stays there. Furthermore, no one can tamper with the Blockchain once the Blockchain has been constructed. 

“No one can change data once it is stored on a blockchain.”

How Does Blockchain Work?

Before I turn your attention to the technical aspects, how does blockchain work? To know this please take a look at real life examples that would be necessary and appropriate. The most basic similarity is with Google Doc. When you create a document and share it with a group of individuals, the document is transmitted rather than duplicated or moved. As a result, everyone in the group can see the changes happening in real-time.

After understanding that example, now you can understand well how Blockchain works.

According to “Investopedia”

“Blockchain stores data in blocks that are linked together through cryptography. As new data comes in, it is entered in a new block. Once a block is filled with data, it is chained to the previous block, chaining the data together in chronological order.”

How easy it was, hahaha

Let’s take a look at this image as well:

Let us now look at the working of blockchain in more detail.

The blockchain process is divided into 3 concepts according to experts:

• Blocks

• Nodes

• Miners

1. Blocks

As you know each chain is made up of several blocks and each of which has three essential characteristics:

• The information is contained in the block.

• A nonce is a 32-bit whole number used to construct a block header hash.

• Hash of a 256-bit integer.

Basically when the first block in the blockchain is created it generates a non cryptographic hash.

Until it is mined, the data in the block is signed and irreversibly associated with nonce and hash.

2. Nodes

If you see, a blockchain infrastructure is made up of nodes. They keep the network running by storing, transmitting and protecting blockchain data.

In other words, the blockchain is based on nodes and is believed to be reliable.

3. Miners  

The phrase “mining” refers to the process of creating new blocks and validating new transactions and recording them on the blockchain.

Because it removes middlemen like banks, corporations and governments from the security equation and replaces them with distributed node

Computers in a Blockchain Network – Blockchain is significantly more secure than traditional databases.

What Does a Blockchain Developer Do for Your business?

Maybe you’re ready to hire blockchain developer for your business? Let’s also know what they can do for you.

A blockchain developer is considered to have a strong mix of skills in areas such as data structures, cryptography, computer networking and algorithms.

Responsible for the development and optimization of blockchain protocols, designing the architecture of blockchain systems, developing smart contracts and web apps using blockchain technology are commonly called blockchain developers.

A Blockchain developer is also expected to have experience with a specific type of blockchain such as Ethereum or Bitcoin.

According to industry experts, there are two categories of blockchain developers as it seems necessary:

• Core Blockchain Developers

Know that the architecture of the blockchain system is the responsibility of the core blockchain engineers. It involves high-level decisions such as the design of the blockchain and the consensus protocol. Handling security norms is a part of such a process.

• Blockchain Software Developers

Most blockchain application developers build blockchain software. Because they build decentralized apps or dapps, they are also known as decentralized application developers.

This position is similar to that of a software developer.

On the other hand,

Blockchain developers need to be able to build smart contracts with tools like Truffle and Solidity. Dapp developers can also employ the React Native or Java languages, which are often used in mobile and web app development.        

Why Use Blockchain Technology for your business?

See Blockchain is known to be incredibly secure, and there have been many developments in its use today.

I am saying this because blocks can be changed, but data in blocks cannot be changed.

First, there must be consensus among the majority of the network. Then, any harmful action will be detected immediately.

To top it off, blockchain is practically free.

As a result, startups and established businesses can avoid paying a nominal fee for every other financial transaction. For companies that have to deal with unreputable customers, having a security system in place can be very useful if not necessary.

There are many situations where using blockchain can be handy, including copyright protection, digital voting, bounty programs, medical collections, and more.

Blockchain Technology Benefits For your Startup Business

You may also know that most people associate blockchain with bitcoin, and you just need to understand that there are many benefits to using blockchain for your organization.

Blockchain enhances the trust, security, transparency and traceability of data shared across business networks – and provides cost savings with new capabilities.

• Decentralization Of Your Data

In fact, a decentralized blockchain completely eliminates the need for a middleman.

The main advantage of a decentralized blockchain is that there will be no government funding and no third-party verification as a result.

Furthermore, transactions are spread across thousands, if not millions, of machines, with only your blockchain network having access to them.

Lastly, because of this decentralization, no data is ever destroyed.

• Immutability of Blockchain

Now if we talk about it, immutable blockchain only benefits the data structure based on append format. Unknowingly people cannot edit or delete already captured data.

Of course, this provides another degree of security for your startup business.

• Safety and Security of data

See the phrases “cryptography” and “secret” come from the Greek meanings “hidden” and “secret”.

Even in its current meaning, it refers to a secure communication connection.

For example, blockchain uses cryptography to encrypt the data stored within the block to keep everything secure.

Blocks can be added to the chain only after a verification process that requires agreement between ledger participants.

• Transparency in network

Basically the blockchain is a distributed ledger; Everyone in the network connected to it has access to the same information.

So you don’t have a dozen different copies of sensitive data because all these digital copies are tied to the same digital information.

• Efficiency in technology

As you may know, the cost-effectiveness principle underlies blockchain technology.

But on the other hand, blockchain is beneficial in many ways.

For example, when you do business with pen and paper you slow down your business activity. Because digital transactions are much faster, they are far more efficient.

Simultaneously, digital data facilitates the storage and tracking of essential organizational assets, thereby ensuring traceability.

let’s know now

What Qualities should a Blockchain Developer Possess?

According to Market Research, high-level blockchain developers need the following skills: 

Take a look because you have to hire too

Core Blockchain Developers Expertise

• Capable of creating consensus and blockchain protocols and network architecture and security patterns.

• Knowledge of developing in blockchain-friendly languages such as Go, Rust, C++, or Java.

Blockchain Software Developers Expertise

• Experience developing smart contracts and online or mobile apps leveraging blockchain technology.

• Expertise in front-end programming for creating interactive dapp designs.

• Expertise in backend programming for blockchain management.

What are Some of the Best Tools that to be used while building your Blockchain App?

The following are some of the most influential blockchain development tools according to industry experts:

1. Solium

2. Geth

3. Embark

4. Remix IDE

5. EtherScripter

• Solium

When it comes to developing a blockchain application, Solium Security is crucial. First, you must ensure that the Solidity code is free of security flaws. Solium is a tool designed to format Solidity code and repair security vulnerabilities.

• Geth

Geth, an Ethereum client, written in the Go programming language, runs Ethereum nodes. Users can mine Ethers, write smart contracts and run them on the Ethereum Virtual Machine (EVM), browse the block history, and transmit tokens between addresses via Geth. Geth is available for Linux, Windows, and Mac users to download and install. Scripted and Binary installations are both supported. You can either create your blockchain using the available settings or connect to an existing blockchain once you start using Geth. If no default values are selected, it will automatically link you to Ethereum’s mainnet.

• Embark

Embark, a development platform for Ethereum-based dApps, is used to create smart contracts written in the Javascript programming language and build and deploy dApps. 

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Embark can also manage intelligent contract migration if an application has many contracts. The Embark platform allows developers to execute contracts on several blockchains, including the live network, testnet, and private net.

• Remix IDE

The Remix IDE is a tiny contract compiler. It’s a web-based application for creating and deploying smart contracts. For example, the Solidity programming language may be written, debugged, tested, and deployed using Remix IDE. In addition, Metamask allows Remix to connect to the Ethereum blockchain.

• EtherScripter

EtherScripter features a user-friendly interface for writing simple, smart contracts. Developers can connect different components as jigsaw puzzle pieces for constructing a contract using a simple drag and drop interface. Only the Serpent programming language is supported.

How do we develop Blockchain Applications for your Business? 

Let’s take a look at how to build a blockchain app for your business and the steps we and you need to take to build a successful app.

Step 1: First Tell Us Your Concept

Before developing a blockchain app, you should first consider the idea, as you should with any other business or product.

While blockchain is a popular concept these days, many companies can function without it, and few tasks can be accomplished.

It would be best to determine whether you need a blockchain or not.

Then, consider the issues you want to address with your dApp and begin formalizing your concept.

Step 2: Research your competitors

Examine the current market and determine the available solutions. Because the market is not saturated yet,

You will almost certainly find your niche or figure out how to do the same job better than anyone else.

Step 3: Evaluate your preferred choice

There are four ways to build a DApp from a technological standpoint: 

• To begin, use an open blockchain for your application. 

• Ethereum or Bitcoin, for example, can be integrated into your mobile app. 

• Second, you can construct a private network with the aid of blockchain software. 

• Third, choose a supplier of blockchain as a service (BaaS) and connect their cloud service into your app. 

• Amazon, Azure, and Microsoft all provide BaaS solutions.

• Finally, create a blockchain network that works best for you on the platform.

Step 4: Decide on a platform

If you need to choose a platform for your blockchain project, consider these options:

• Ethereum – Ethereum is recognized for using a custom-built blockchain to operate smart contracts. It’s expensive because the transaction rate is high. So, it’s advisable to choose other blochains like Polygon, Solana, and Cardano.

• Hyperledger is Fabric’s DApp platform- Hyperledger is ideal if you require a corporate tool for exchanging data within your organization. 

Your development skills will be influenced by the platform chosen for your blockchain app

Many platforms enable developers to create blockchain apps using more traditional programming languages such as C++, Java, Kotlin, and JavaScript. 

However, other languages, such as Solidity and Simplicity, aren’t as well-known, and only a few blockchain app development businesses have proficient developers.

This could imply that you’ll have trouble sustaining your app or that your existing team will need time to master a new language and the principles of blockchain app development. 

However, solidity and Simplicity, to be fair, are relatively close to ordinary languages; therefore, this shouldn’t be an issue.

Step 5: Begin the process of development

The creation of your DApp will take many different forms, depending on several factors:

• What programming language and platform will you use for your project?

• The plan for all nodes to communicate and transact with each other.

• Your method for reaching a consensus.

Whether you connect to an existing blockchain, employ a BaaS, or establish your blockchain will affect the development process. Mobile developers from development companies can bring a distinct set of skills to the table.

Blockchain Development Stages will be the same in either case: 

A blockchain development company process may speed up corporate operations while also improving and smartening them.

1. Business analysis – A business analyst gathers needs, expectations, and business goals to develop a technical specification during an interview. This article covers every aspect of the development process, from the individuals in charge of development and communication to frameworks, libraries, and operating systems.

2. Design – Design can cost anywhere from 8% to 20% of the total development budget, depending on its complexity.

3. Setting up the development environment: APIs, architecture, and backend are all part of the preparation step.

4. Development and quality assurance – A QA engineer does a comprehensive regression test before deployment to ensure that everything is working correctly.

Step 6: Deploy your DApp and keep it up to date with us

The final stage of DApp development is deployment. 

After the product is complete and all final testing has been completed, your app is released to the public via the Google Play Store, Apple App Store, or other app stores. You can now collect data in your DApp and see how people react to it.

One of the most influential blockchain app development services is maintenance. You’ll need to update the app to support new versions of operating systems and libraries to keep it functioning and secure.

Moving forward, at the final step of this blog’s journey 

What are the benefits of Hiring Dedicated Blockchain Developers from Quytech?

Quytech Blockchain developers are pre-screened, interviewed, and then trained to become actual software professionals who can adapt to situations both within and outside of their broad knowledge.

We hold our developers to a higher standard at Quytech. We select Blockchain developers with expertise who either show extraordinary potential or demonstrate exceptional skills, similar to how elite special forces units recruit only the finest from the main branches of the military. We then take their abilities and hone them even more.

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Another Blockchain developer hiring benefit is that you don’t have to pay for hiring charges, which can amount to roughly 30% of a developer’s compensation on average and the overhead expenditures that come with full-time employment. Working with Quytech gives you access to a full-time Blockchain developer with extensive experience at a fraction of the cost, as well as project management assistance.

Why Choose Us to Outsource Blockchain Development Project?

I hope you find this tutorial on developing blockchain apps to be helpful! 

With all of the knowledge and examples provided above, you should be well on your way to creating your blockchain app. 

Have you done so? 

I’d be delighted to hear about your proposal and contribute to the Outsource Development Company. 

Please do not hesitate to contact us if you wish to know about the blockchain development guide for startups. 

Quytech can assist you in developing blockchain application development, providing business strategy advice, and providing a cost estimate for blockchain app development.

Contact: info@quytech.com

Original Source: Blockchain Development: A Complete Guide to Getting Started For Startups