Blockchain development & tech consulting
At Tokensoft we believe that Distributed Ledger Technologies (DLTs) carry the potential to introduce a new level of transparency, automation, and efficiency in businesses and nonprofits.
However, most organizations find it challenging to understand and apply the full power of Blockchain and DLTs to get tangible business results. Our team is passionate about utilizing our technical capabilities, experience, and product mindset to help our clients effectively extract real business value by implementing blockchain and DLT across their organization.
Enterprise-grade Blockchain Infrastructure Implementation When it comes to technologies in enterprise business, security, efficiency, and resilience are the number one priority. We will help your company by adding blockchain in the existing infrastructure and upgrading sensitive components to the military-grade security standards. We offer our proven and compliant digital transformation framework, deep understanding of legacy systems, together with up-to-date technology stack.
- Deep Expertise: Tokensoft has been building custom software solutions for over 10 years. From fintech to healthcare, from logistics to entertainment, we’ve got the necessary expertise and insights to help you solve your business challenges. Private and Permissioned networks
- Integrating blockchain into legacy infrastructure
- Hybrid centralized systems development with blockchain components
- Public blockchain networks integration (Bitcoin, Ethereum, Stellar)
- Proof of Concept development
- Blockchain infrastructure setup and maintenance
- AML/KYC/GDPR compliance
Frequently Asked Questions
Blockchain software is like any other software. The first of its kind was Bitcoin, which was released as open-source software, making it available to anyone to use or change. There are a wide variety of efforts across the blockchain ecosystem to improve upon Bitcoin’s original software. Ethereum has its own open source blockchain software. Some blockchain software is proprietary and not available to the public.
Historically, databases have incorporated a centralized client-server architecture, in which a sole authority controls the central server. This design means that data security, alteration, and deletion rests with a single point of failure. The decentralized architecture of blockchain databases emerged as a solution for many of the weaknesses of centralized database architecture. A blockchain network consists of a large number of distributed nodes––voluntary participants who must reach consensus and maintain a single transactional record together.
When a digital transaction occurs in a blockchain network, it is grouped together in a cryptographically-secure “block” with other transactions that have occurred in the same time frame. The block is then broadcast to the network. A blockchain network is comprised of nodes or participants who validate and relay transaction information. The block of transactions is verified by participants called miners, who use computing power to solve a cryptographic puzzle and validate the block of transactions. The first miner to solve and validate the block is rewarded. Each verified block is connected to the previously verified block, creating a chain of blocks. One important cryptographic underpinning of blockchains is the hash function. Hashing assigns a fixed value to a string that is inputted into the system.
Blockchain technology has a wide variety of benefits, for both global enterprises and local communities. The most commonly cited benefits of a blockchain are trusted data coordination, attack-resistance, shared IT infrastructure, tokenization, and built-in incentivization.