BLOCKCHAIN Technology for Mobile Applications Development

Blockchain, a new invention occured in the fastest growing technology which provides a distributed database and allows to pass digital information on this distributed network. When we think about blockchain, various questions raise in our mind that What is it? How does it work? What is the main motive of creating Blockchain? Is it a new application or part of any software? Why it is growing rapidly and getting fame on internet? We have answer to all these questions as these days everythinhg we do depends on internet, right from the surveys to online shopping, payment, transactions and much more. The blockchain refers to making digital transaction, values and goods of services on a private network which are encrypted in small blocks and form a chain.

The blockchain forms a digitalized distributed network which cannot be seen to anyone but works over the internet. There is no particular stoppage or breaking point of the network but work according to the distributed channel. There are various parts or blocks which contains multiple data and records in the network. All the blocks are encrypted and contains transaction information for different networks. The Blockchain maintains cryptography technique to secure their database which contains lot of information in the distributed channel like- transaction information, marital status information, land related information, light and power related information and much more.

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All the blockchains have different kind of currency associated with them to do digital transactions and maintain a healthy record. The main key reason of non-breakable network and secure transactions are the distributed channels as by having the distributed environment there is a copy of the data at several networks, so if one network is being hacked then it does not harm the data present at various different networks and the hacked data can be restored by the multiple network. The Bitcoin is the currency for Blockchain technology and it is the main digital currency used for transactions between the Blockchain environment.

The Blockchain work in the form of – any person which make transaction or requests for transaction, then the transaction request is being broadcasted to the distribted network, then the network validated the transaction by using some algorithm, then this transaction is verified by cryptocurrency technique, after this the transaction adds into the chain of existing transactions which cannot be alteredor modified, and the transaction gets completed. It is the main and important innovation to computer science as in the upcoming years it will be one of the key platform for digital transaction and encrypted database. Everything will be virtual and no one can make any kind of changes into the distributed pannel, once it get fully secured for future.

Canopus works mainly into the mobile application development and always ready to accept new and innovative technologies. Canopus have started working on the Blockchain development by providing supply chain management system, financing solutions, claim processing solutions and much more. We can help companies develop blockchain applications for finance, digital payments, wallets, and asset management system. By inculcating new technologies for mobile application development will keep everything on the top and provide a way to enhance your capablities.

Canopus Infosystems is an Iso 9001:2008 Certified Company that specializes in providing outsourced web & mobile development and testing services to clients worldwide.