To state that distributed ledger technologies in general and blockchain in particular are still underrated by both global users and software developers can be a truth only in part. The financial aspect of blockchain in the form of cryptocurrencies is speculatively overvalued. This imbalance keeps guiding many organizations and individuals to wrong practices when sophomoric but arrogantly loud rhetoric of blockchain opponents deters many businesses from highly relevant DLT-based solutions.
While a few years ago the biggest problem of DLTs came to a lack of a wide public discourse, the “blockchain” term is becoming a buzzword nowadays due to a true mess in a DLT-related content in media. Various self-made experts and talking heads, by and large, confuse blockchain with crypto-speculative practices which constitute only a part of just transactional capabilities of distributed ledgers.
A voice of true professionals in DLT is often suppressed by numerous technically-inept but popular bloggers whose hidden agenda comes to utilizing a “hot topic” just to increase ratings of their content.
To say the truth, a self-promotional discourse is not unusual for blockchain professionals as well. When a newly released DLT-based software requires a broad publicity even professional blockchain developers aren’t above showing off some biased narratives.
But what if a professional interviews the other professional blockchain developers in order to share some ideas regarding the technology? On the one hand, it’s another chance for all of them to burn across the internet – can never have too much advertisement, right? On the other hand, the proposed questions should imply few if any opportunities for brutal self-promotion.
What you can find below is a piece of collaborative content where 5 professional software development companies share their views on blockchain through answering 5 relevant questions. Unicsoft, Vakoms, Indeema Software, S-PRO, and SteelKiwi reveal where and why they are in today’s blockchain development.
Interesting? Let’s go then.
1. On what business sectors is your company focused most?
Unicsoft: We keep ourselves adhering to the market trends, so it’s sometimes hard to define the sectors we’re constantly in. However, logistics & supply chain, financial (mostly new cryptocurrency-related) and multimedia constitute majority of our pipeline.
Vakoms: Well, actually products built by Vakoms hit various fields. Here are areas where we’re paying more attention and expanding our expertise in:
– Real Estate and Interior
– IoT and Smart Home
– Healthcare and Medicine
– Learning and Corporate Education
– Video streaming and photo editing
S-PRO: We focus on helping startup founders turn their ideas into reality. We work with small and medium businesses as well, but the possibility of building a great product from scratch and bringing it to the world is what we find the most fascinating.
SteelKiwi: The major business sectors we are engaged in include medicine, various booking services, marketplaces, business process automation, and social apps.
Indeema Software: It so happens that just distributed ledger technologies start occupying everything we do to a varying extent. Being mostly focused on various IoT solutions with a special emphasis on the industrial internet of things we gradually came to a conclusion that nothing but DLT was to correspond best to the security requirements of the current stage of IoT development.
In addition to creating such unique IoT solutions as CO2 monitoring hardware-software system running on blockchain and a heavy-machinery vibration diagnostic using IOTA Tangle we are engaged in developing turn-key solutions for blockchain-based crowdfunding campaigns for our customers.
2. Why blockchain is crucial for your development activity?
Unicsoft: It perfectly fits the company’s concept of technological boutique – innovativeness and versatility of its application as a tool or solution. This makes it a perfect incentive to keep blockchain as a pillar in development. Considering how rapidly blockchain grows and evolves we may expect a plenty of its new forms which we’re are going to incorporate into our development capabilities.
We do Blockchain development to help our partners to shape the digital world of tomorrow by building products which will serve the next generations and make the future more intelligent, decentralized and better place to live.
Vakoms: At Vakoms, we think that blockchain will become some kind of a must-have platform for software solutions in different areas in the near future. Whether it be a system for banks or elections, blockchain will ensure the highest level of security for all parties. That is why we believe that building strong relevant expertise is crucial for software development companies that want to move forward and offer latest (blockchain-based) software development solutions.
S-PRO: Because blockchain is a great tool for secure storing and sharing data of any kind. It is fraud-resistant and can be integrated almost in every industry: from banking operations and authenticated voting to cloud storages and international payments. Blockchain is our today and – what is even more important – our future.
SteelKiwi: Creating blockchain-based projects implies rather having a reliable and transparent data-transfer method than being just a mainstream. Blockchain can be used in any kind of applications where a decentralized data storage is to be securely provided. Being a software outsourcing company we simply must to provide our customers with such an opportunity.
Indeema Software: Actually, we have given up asking ourselves whether blockchain was crucial for us long ago. The very distributed nature of blockchain determines the way of every software developer in a new paradigm – Web 3.0. We strongly believe that sooner or later blockchain-based solutions are to be a norm in the entire realm of software development be it mobile, web, desktop, or IoT. It’s inevitable.
That’s why our advice to all developers is the following: the earlier you start acquiring DLTs the more relevant you appear in a highly competitive environment of the present software development.
3. What is the blockchain-based project you can be proud of?
Unicsoft: We definitely must mention a track & trace solution for gold mining industry. Briefly speaking, it let’s you track genuineness and authenticity of any tiny piece of gold you’ve purchased or sold.
We used Hyperledger as the choir solution to ensure security of all stored data.
Vakoms: The project that we are most proud of is Graft – the first cryptocurrency and network enabling payments at the points of sale. It’s a completely decentralized solution, allowing for fast and easy payments no matter where you’re located. We created the project from scratch, and still are developing the project. Recently Graft has passed passed the IСO.
S-PRO: We are proud of all blockchain projects we’ve ever worked on, but one which we love particularly is Climate Drops platform. It’s an app where people can earn coins just for environment care – when they choose going to work by bicycle instead of bus, for example. Not only it helps people to get benefits they have earned and eliminates the possibility of corruption, but also encourages them to be more environment conscious and increases the awareness of ecological problems.
SteelKiwi: We were fortunate to work with Qravity Company. This is a blockchain platform for decentralized teams engaged in creating such digital content as movie, music, cartoons, games etc. In addition to designing the landing page, SteelKiwi team also took part in arranging the Qravity ICO.
Indeema Software: Just imagine a mineral processing factory where a sophisticated system of sensors should cover every piece of machinery. All data collected from the machinery should be recorded in a cloud-based distributed sub-tangle in 24/7 mode. An access to the system is to be provided through a tangle-based crypto asset whose distribution among asset holders is to be conducted via exchanging for another crypto token which runs on Ethereum blockchain.
And all this stuff should have been developed from zero in the form of a fully fledged project with all compulsory attributes beginning from a custom hardware-software IoT complex and up to a whitepaper along with a phishing-proof crowdfunding website. It was really a Molotov cocktail made of sensors, apps, blockchains, and our creativity.
4. What applications/use cases you consider the most promising for blockchain?
Unicsoft: Blockchain started as a mostly financial tool – do you remember all those Bitcoin and Ethereum alternatives deemed as a yet another revolution? Eventually blockchain development separated into two streams – old one, focused on finance & currencies, and security-related one. Our point that blockchain for securing, storing and encrypting data is extra promising – encapsulated in messengers, track&trace platforms and content markets, where creator can work head-to-head with end consumer.
Vakoms: While blockchain can be used in many cases, finance and banking sector is among the most promising ones. Safe & fast financial interactions are what most financial agencies struggle for. Another key area of its implementation is the education sector. Employed on various levels, blockchain offers more transparent, democratised and secure working processes.
S-PRO: Blockchain has literally borderless possibilities. It can be implemented almost anywhere, and we find out new use cases every day. For today most promising areas are digital identity, real estate, internet of things, but tomorrow we may discover new ways of using blockchain.
SteelKiwi: Blockchain is potentially applicable to anything: medicine, finance, real estate, power generation, logistics, jurisprudence, smart contracts – you name it. This is so because blockchain is a multi-functional tool for both storage and transfer of any sort of data in a secure and transparent manner.
Indeema Software: In contrast to some popular biases, we see the future of blockchain in the sectors other than finance, banking, and crypto trading. We expect DLTs occupying such industries as electricity generation & supply, climate change monitoring & control, mineral mining, transportation as well as the whole range of networks where data privacy is a breaking point.
Literally every centralized network of nowadays will get a decentralized analog in the golden age of DLT to which we all are obviously approaching. Trust-less consensus and distributed rights are the two critical features of DLT that can hardly be ignored in the era of totally interconnected relationships.
5. Please share some other blockchain-related experience if available.
Unicsoft: We sometimes receive challenging requests for a blockchain platform of a new generation – for example, the blockchain that breaks smart-contract immutability principle and making it “the elastic blockchain”. Although a lot of them fades on a discovery phase, some real gems occur, so we never leave any of these ideas on backburner. We go all the way along with client, giving a hand at any stage ; from a discovery to the implementation. Who knows, maybe one of these ideas later will become a true revolution.
Vakoms: We are working on a few projects closely related to blockchain and cryptocurrencies. One of them is a mobile-based solution using smart contracts created on Ethereum. The ecosystem allows people to check their balance, make transactions and view their transactions history. Taking into account the multi-purpose nature of blockchain, we’re planning to build more blockchain technology solutions in the future.
S-PRO: Our blockchain development team has diverse experience. We have created unique products from scratch – among which are above-mentioned Climate Drops app, document saving and sharing platform Safe Chain, crypto exchange ARBchange, and many others. Our team has created more than 120 smart contracts and consulted more than 40 ICOs.
SteelKiwi: The rest our projects are currently under development. The latest project we are working over belongs to a medicine sector. Both storage and processing of data constitute a factor of great importance in medicine. Doctors should be able to download all medical records, survey findings, treatment procedures as well as to keep anonymity of patents and securely send data to doctors locating on a different continent if necessary.
Indeema Software: Now we are working over a very promising startup based on our own patented blockchain-based IoT system allowing to control CO2 content in the air both indoor and outdoor. The system will consist of both hardware and software parts where software one will include a DApp (decentralized application). It will be a multi-level solution for monitoring air quality at scale.
We call the entire system “CO2 Patrol” while the names of its options will indicate each particular domain: “CO2 Patrol Office”, “CO2 Patrol Enterprise”, “CO2 Patrol District” and “CO2 Patrol City”. The project perfectly fits a popular “smart city” concept where using IoT is a must. And, of course, we believe that every smart-city solution should run on blockchain.
Summarizing the above
When some hesitating customer starts pondering the questions worth asking some blockchain software developers, the present post can help grasp both the subject and the experience of 5 Ukrainian providers of DLT-based solutions.
As we can see, the current situation in blockchain development is far from a trivial following the ICO hype along with crypto speculative schemes. Multiple business sectors have been already covered with professional blockchain development: track & trace of gold through Hyperledger (Unicsoft), points of sale enabled working with crypto (Vakoms), climate-change challenges (S-PRO), industrial IoT empowered with Tangle (Indeema), and decentralized content creation (SteelKiwi).
Both the extent of involvement and vision of DLT’s perspectives vary from vast recognition and general appreciation (Vakoms) and up to full engagement and radical advocating (Indeema).
Although blockchain has not occupied the whole realm of software development yet, the range of sectors where this technology could be implemented continuously expands. The above-mentioned cases hint at an apparent trend when more and more software development companies start adopting DLTs.
It is still hard to predict which particular DLT (blockchain, tangle, hashgraph) is destined to become the most popular among decentralized solutions. Nevertheless, the current situation in, at least, Ukrainian software development suggests that blockchain can hardly leave the stage. Since DLT is here to stay, why not appeal to the true professionals for a relevant expertise?