Blockchain development company for a startup.
Blockchain is not a buzzword anymore and it has turned out to be the internet of the 21st century. Many tech researchers have started working on various applications of Blockchain technology in order to make every task simple and efficient. Although existing companies have started to explore the possible ways to incorporate blockchain technology into their business model, for startups it is much more useful because of the fact that only if they stand out from the crowd, can they sustain in this competitive world.
The reasons why blockchain can help out startups are:
1. ICO- Initial Coin Offering
ICO brings in a lot of funds for startups through crowdfunding. This helps them in eliminating the financial crisis. Also, this is one of the safest forms of crowdfunding as digital tokens are offered in return.
2. Immutable transactions
Blockchain technology is completely immutable and nobody can ever modify its data. This helps in avoiding disputes and controversies, thereby allowing productive transactions and coordination among the stakeholders.
3. Easy integration with other technologies
Blockchain is very flexible in integrating with other technologies such as artificial intelligence, big data, etc. Startups can explore the possible usage of these in their mainstream workflow.
4. Less need for manpower
Now that everything is digital and available across various platforms there’s a less need for the workforce. Although blockchain development services require miners, manual work is reduced to some extent. The startups can manage with few people if they adopt Blockchain technology.
5. Secure data
Everything stored on the blockchain remains safe and sound as it is protected by a hash that keeps changing from time to time that even hackers can’t decipher or intrude. This protects important information. For example, a startup might have a million-dollar idea and might want to keep it confidential. Blockchain helps them do it with ease.
Blockchain development companies in India have started working on various startups, empowering their companies through this innovative technology. Bsetec is also a Blockchain technology company in Bangalore giving best solution using cutting edge technological tools. To hire a Blockchain developer, contact bsetec blockchain development company.