Enterprise Blockchain development

Joining an existing public or private Blockchain does not always meet your expectations. For this reason, at Peersyst we are able to build a Blockchain completely adapted to your needs, which is based on the engine of some of the most powerful technologies but which allows you to quickly customize all the characteristics you need to have your own ledger and / or community under your new parameters. In this way, everything is tailored to your needs, no more, no less.

What is a private blockchain and what is it for?

There are many ways to understand what a private blockchain is. At Peersyst we understand this concept as the creation of a completely new blockchain tailored to the interested party. Any blockchain that is not joining an existing chain and that consists of building your own custom blockchain could be considered your private chain.
It is important not to confuse this concept with privacy, which is an attribute. When building a new blockchain, you can choose whether it will be released publicly or allowed to a few actors, whether it will be accessible globally or regionally, and the powers and roles that the different ones will be able to play. types of actors in the ecosystem. Basically, you choose who will be able to view the transactions, who will be able to execute transactions and who will be able to validate them. Also what consensus algorithm do you want to use and how your stakeholders will benefit.

Creating a private blockchain, in whatever form, serves to establish new rules of the game fully adapted to your model. While being in a public chain guarantees a high degree of decentralization, you can be dragged and affected by the commissions of the chain, very heavy nodes that you don’t really need and useless infrastructure and hardware costs since they are designed for other types of global consensus.

So, with your private chain, you will be able to adjust as much as possible what data is recorded and how, what transactions will there be, which users will be part of your chain and how they will be rewarded, fully adapted to your needs and to anyone else’s plus.

Benefits of implementing private Blockchain

01

You set the rules according to your vision and your needs, you don’t have to adapt to anything else.

02

You can allow access to the users you want depending on whether you need a private business implementation or, on the contrary, access to a wider public.

03

Spend only what you consume. Your Blockchain will only spend the resources that are necessary for the execution of your network and not the rates of global networks with millions of transactions.

04

Establish your own consensus. Define who will maintain your network, mine blocks and what reward they will receive. Also define the block reward and the generation of these according to your criteria.

05

Define your own native currency. You can choose your main cryptocurrency, how it is generated, what inflation or deflation to put on it and most importantly: Pay the commissions generated with your own native currency.

06

Optimize your infrastructure. If your blockchain executes a limited number of operations, you don’t need a virtual machine on your nodes. Prepare your functionalities to optimize resources and lower transaction times and costs.

Private Blockchain Implementation Service

At Peersyst we have more than 5 years of experience in the development of some of the most important Blockchains on the world scene, helping to launch multiple public and private chains. Our team will guarantee the technological success of your project.

Públic Blockchain development

Launching your public blockchain allows you to generate and launch your native cryptocurrency, with which you can pay your own commissions for its use, build a community with different types of node and reward your ecosystem with your economic and governance system. If you have a disruptive idea that does not fit with any current project, the best option is to launch yours!

Features of public blockchain development

Native

Define your own native cryptocurrency and its functionality and pay network fees with your own currency.

Made to measure

They allow you to build the necessary infrastructure to carry out the operations you need without incurring huge hardware and software costs for functionalities that you will not use.

Reward

Define the block reward, block time and inflation of your network to reward users who maintain it. Now you establish the rules of the game.

Fast and safe

Based on some of the most modern and secure software, it allows to achieve maximum scalability while maintaining the most reliable security parameters.

Side-chain blockchain development

Another way to launch your own blockchain is by launching a side-chain. This format, very similar to the previous one, is not supported by all ecosystems. It consists of creating a smart contract in an existing blockchain that defines a new chain of blocks. In this way, you can define your own rules within an existing chain, ensuring compatibility and easy information exchange between the main ecosystem and your chain.

Side-chains development features

Native

Define your own native cryptocurrency and its functionality and pay network fees with your own currency.

Made to measure

They allow you to build the necessary infrastructure to carry out the operations you need without incurring huge hardware and software costs for functionalities that you will not use.

Reward

Define the block reward, block time and inflation of your network to reward users who maintain it. Now you establish the rules of the game.

Fast and safe

Based on some of the most modern and secure software, it allows to achieve maximum scalability while maintaining the most reliable security parameters.

Enterprise blockchain development

Business Blockchains have had a great reception in recent years. While public channels guarantee a high degree of decentralization and therefore freedom of control, for business use this can be very problematic. Relying on commissions from an external ecosystem, community-based implementation decisions, and high maintenance costs are not optimal for many businesses.

Developing a private business blockchain allows closing the circle only to the necessary actors, limiting costs to what is required as much as possible and keeping only the information related to your business private and confidential, while obtaining the advantages of using blockchain.

Characteristics of Enterprise blockchain development

Controlled environment

It allows you to adjust who has access to what information, and how you can become part of the ecosystem while maintaining the structure and permissions of an entity or business group.

Specific

The registry will only store information that is relevant and of interest to the company or group of companies interested in its use and no other irrelevant information that is not part of the case at hand.

Trustworthy

It allows defining the consensus methods between all the members of the chain so that everyone has access to and trust in the data without the need to carry out any type of joint integration of their databases or processes.

Scalable

As it is custom developed, transaction costs are minimal or even non-existent and the number of transactions that can be processed in a closed environment are extremely higher than in a public environment.

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