web 3 decentralization

Web 3 series: decentralization and changing the internet as we know it

As part of our ongoing Web 3.0 101 series, we wanted to look at an aspect of Web 3.0 that’s got a lot of people excited: decentralization.

What is decentralization?

Since the early days of the internet, decentralization has been a key value. No one person controls the internet. Nobody can switch it off. No one group owns it. It’s made up of millions of devices working together in an open network to create a whole much greater than the sum of its parts.
But over time, the internet has become more centralized. Organizations that control the browsers, search engines, and social media platforms we use consolidated and now control much of the available data and content.

Web 3.0 and re-decentralization

Web 3.0 and the underlying technologies redistribute data and decision-making.

A blockchain doesn’t store data in any one central location or give any one person power. Instead, it gives everyone in the network the same visibility, information, and decision-making power.

Blockchain and peer-to-peer networks are decentralized models that are extremely difficult for one person or group to control or manipulate.

What are the advantages of decentralization?

Advocates of Web 3.0 see decentralization as a return to the original principles of the internet.

And perhaps most importantly, it returns power to the people. Web 3.0 users have control over their data and content. They can connect with other users directly, rather than trusting third-party platforms.

Web 3.0 also enables the creator economy, allowing content creators to distribute their products directly to consumers without relying on sales or distribution platforms. Users don’t have to trust a centralized entity, taking control away from service providers and giving it back to creators and consumers.

Having data distributed throughout a network counters misinformation and data corruption. In a centralized system, if data gets changed incorrectly, it spreads everywhere. In blockchain and other Web 3.0 technologies, a wrong piece of information is detected and corrected by all the other machines with the right information.

This self-healing ability of Web 3.0 is effective whether the bad information results from a system failure or a purposeful attack, making decentralized systems more robust and more secure than centralized systems. 

Decentralization is already happening

Decentralized apps (or dApps) are already in place, running on blockchain or peer-to-peer networks. Developers are leveraging the technology for finance, arts, collectibles (including NFTs), and gaming applications.

Of course, the best-known dApps are cryptocurrencies. Ethereum (ETC) is the largest decentralized community-run network, taking advantage of transactions approved, validated, and stored by all the network’s peers. In this way, Ethereum removes the need for a centralized authority.

The possibilities of a decentralized Web 3.0 are endless

It’s been nearly ten years since the concepts of Web 3.0 were first discussed, and we’re still just scratching the surface of what’s possible. To learn more about decentralized technologies like blockchain and Web 3.0, stay tuned to the RebelDot blog.

And if you’re ready to join the party, contact the RebelDot team today to discuss whether blockchain is the right platform to bring your idea to Web 3.0!

NFTs for business

Web 3 series: How to use NFTs for business growth

You’ve probably heard of NFTs by now. You may even know that the acronym stands for Non-Fungible Tokens. To most of us, though, that still doesn’t mean a whole lot. Everyone knows they’re a big deal, but few people can explain what NFTs are, why people want them, and what you can do with them.
That’s why we’re writing this blog post. Beyond explaining what an NFT even is, we’ll help you understand how you can use NFTs for business growth, connect with consumers, create unique experiences, and ultimately grow your bottom line.

What's an NFT?

Let’s start at the beginning. A non-fungible token (NFT) is a unique token you own that can’t be replaced with something else.

The token is linked to something of value. In most cases, this is a digital asset that can be held on a computer. Think about digital art, music, or even written reports and articles. However, NFTs are swiftly invading the physical world too, linking to real-world objects, places, or experiences.

So, owning an NFT is like a certificate of ownership. Proof that you own that thing that the NFT links to. It works because NFTs and all their transactions are held on a blockchain (normally Ethereum), which is set up for NFT transactions. That means if there is a dispute over who owns an NFT, anyone and everyone can follow the trail of an NFT’s ownership from its inception to the current owner to discover the true owner.

Why should you use NFTs for your business?

NFTs are so successful in part because they promote exclusivity. The world can easily be divided into groups of people who have a particular type of NFT and those who don’t.

Businesses can use this exclusivity to create communities of people who share a particular NFT. Organizations can achieve this in two steps.

  • First, give tokens to people who have been with the organization for a certain amount of time, spent a certain amount of money, or some other qualifying factor.
  • Then, reward the holders of these NFTs in ways that allow them to connect. Perhaps by giving them access to venues or events in the real world or opportunities to join special forums or social media groups online.

Other businesses use NFTs more directly by selling them to customers. Traditionally, once a creator sells their product, that’s all the money they can expect to get from that piece. NFTs, on the other hand, can be pre-programmed so that the creator takes a cut of all the following transactions. If the new owner sells the product at a profit, the original artist continues to take a cut. Businesses can increase their residual incomes by taking advantage of these “smart contracts” that they can program into NFTs.

Finally, NFT marketplaces like Opensea.io, Rarible, and Foundation allow businesses and individuals to quickly set up, distribute, and sell NFTs. Their close association with cryptocurrency means users already have everything they need to pay for products and services without much additional setup.

8 ways to use NFTs for business growth

We’re just going to scratch the surface here because people constantly invent new ways to use NFTs for business. However, if you’re looking for inspiration for your business, these might fit the bill.

  1. Let’s start with the most straightforward opportunities. Your business can create and sell digital collectibles. This is the most popular way for companies to enter the NFT economy.

    Unless your business’ core strategy is selling NFTs, consider how your digital collection will link to your brand and be desirable to your target audience. Selling NFTs should always tie back to your business and core product.

  2. As we explained earlier, loyalty or membership programs are an excellent way to use exclusivity to reward people who buy or earn your NFTs. Offer rewards to NFT holders that create communities by connecting them to your brand and each other.
  3. Use NFTs for business growth as a “proof of attendance” for events like conferences or other ways they engage with your brand, like listening to a podcast or responding to a request for feedback. If you have a grand opening, consider the gift of an NFT for the first 100 people through the door.
  4. Don’t forget to engage with those people you distribute NFTs to. Drive engagement with your business by periodically offering special promotions, privileges, and opportunities to NFT owners.
  5. Authenticate products through NFTs. If customers buy a limited edition item like a designer bag or pair of sneakers, provide them with an NFT to prove that it’s authentic, and if they want to resell it, they get an easy way to pass on that proof of authenticity.
  6. Use NFTs to differentiate between the first edition of a book or other product and subsequent sales. First-edition collectors pay big money to own what is essentially just the oldest version of a product that anyone can buy — making NFTs perfect to help this age old collection market evolve!
  7. NFTs can act as one-time use coupons or promotions. Whoever owns the NFT can cash in or use it whenever they want. If the current owner doesn’t have a use for the coupon or promotion, they can sell it to someone who does.
  8. Finally, savvy businesses are using the technology in NFTs to raise money for charity. NFTs can be programmed so that a percentage of each resale goes to a designated charitable organization. Integrating with this technology does a lot of good and boosts your business reputation in the process.

Creating NFTs for your business with RebelDot

If you’ve been inspired by some of our ideas of how to use NFTs for business growth, or perhaps you’ve got a totally new and unique idea in mind, we want to hear about it!

Talk with one of our blockchain and NFT experts today to take advantage of the NFT economy.

web 3 series Permissionless Blockchain Technology

Web 3 series: Permissionless Blockchain Technology

Web 3.0, blockchain, and cryptocurrency are next-generation technologies that many people are talking about, but all these terms can cause some confusion. That’s why we’re bringing you a series of posts demystifying Web 3.0. 

In this post, we’ll dive into the differences between permissionless blockchain and permissioned blockchains.

What is permissionless blockchain technology?

Also known as public blockchains, permissionless blockchain technology allows anybody with an internet connection to anonymously join the blockchain network, perform transactions, and store information on the blockchain. With permissionless blockchains, there are no gatekeepers and no single entity restricting access or controlling participation — you don’t need permission to join.

Blockchains are decentralized ledgers. We’ll look at decentralization in more depth in another post. But, basically, decentralization means data about transactions in the blockchain are stored in multiple places across a network, not in one central location.

So how can a permissionless blockchain be secure? Before answering that question, let’s look at the difference between permissioned and permissionless blockchains.

Differences between permissionless and permissioned blockchains

Permissioned blockchains do have gatekeepers. They are limited to only designated participants, and a single entity controls access. That entity could be a group of users, a business, or a government.

You may have heard people talk about Know Your Customer (KYC) and permissioned blockchains together. KYC means the gatekeepers only give access to people they know, which removes the anonymity that permissionless blockchain enjoy.

The limited number of users and the ability to know who users make transactions on the blockchain ledger easier to track and validate. This can make permissioned blockchains seem more secure, but critics point out that in a permissioned blockchain, the gatekeeper is a security risk.

If the gatekeeper is compromised or chooses to make changes that aren’t appropriate, security is compromised. The lack of transparency for outside oversight makes centralized security riskier than decentralized security.

How can a permissionless blockchain be secure?

In a permissionless blockchain, security is democratized. Blockchain’s traceability ensures that users can’t secretly make changes, and each user has equal control and visibility. More than half the users would need to initiate changes to disrupt a permissionless blockchain. Permissionless blockchain’s security relies on this decentralization of information and power.

However, transparency is a potential weakness of permissionless blockchain. Certain industries or applications may not want every user to hold their proprietary information.

A large number of users also leads to lower performance and scalability issues. Energy efficiency is also a major concern as blockchains grow and use more resources.

Learn more about Web 3.0 and how permissioned and permissionless blockchain can benefit your business

Head over to the RebelDot blog to learn more about Web 3.0 and blockchain technology.

We can develop permissioned or permissionless blockchain technologies and are ready to help you discover the best solution for you.

For a custom software development partner to help bring your ideas to life, contact the RebelDot team today!

blockchain in cyber security

Web 3 series: blockchain in cyber security

Welcome back to Rebel Dot’s ongoing series on Web 3.0. Check out our first post in this series right here. Today’s post will explore the implications of blockchain in cyber security. Cyber security is a growing issue, so let’s look at how this budding technology can help solve it. 

How you can use blockchain in cyber security 

Blockchain technology can revolutionize cyber security. And one of the key ways it does this is by being naturally resistant to cyber security attacks. It’s immutable, decentralized, and in many cases, publicly displayed. 

Combined, these features of blockchain make it very difficult to manipulate. And if manipulation does occur, it should (in theory) be very easy to spot. 

This makes it a secure alternative to many other types of technologies, and it’s one of the many reasons we anticipate that blockchain will play a pivotal role in Web 3.0. You can even increase the security of blockchain by implementing machine learning that is capable of detecting manipulation before it has a chance to take root. 

Blockchain applications in cyber security

Of course, the cyber security benefits of blockchain mean nothing if it doesn’t have real-world applications. With that in mind, here are a handful of real-world use cases for blockchain in cyber security. 

Blockchain IoT security

IoT devices and networks are poised to be a significant part of Web 3.0, expanding our idea of how a connected world looks. But a more connected world also means a more vulnerable one. 

That’s where blockchain can help. Blockchain technology can be used to verify the data collected by IoT devices and store it in a secure, tamper-proof way. This makes the data more reliable and less hackable — two major concerns in the IoT field. 

Cryptocurrency wallet security

Blockchain is already widely used for cryptocurrency wallet security. Blockchain tech is perfectly suited to financial use cases, because that’s what it was designed for. It can secure transactions, reducing the high volume of fraud currently associated with cryptocurrency. As cryptocurrency becomes a more common medium of exchange, this kind of security will be essential. 

Security for medical records

One of the most innovative use cases for blockchain in cyber security is as a tool for securing medical records. Medical records are highly sensitive, difficult to transfer between healthcare providers, and vitally important. 

Similar to financial transactions, this is an area that blockchain is well-equipped to handle. You can share records between healthcare providers on a public or private blockchain, ensuring that all information is updated, available, and, importantly, unlikely to be corrupted. 

Learn more about blockchain in cyber security and Web 3.0

Check out the rest of our blog for more news and information on blockchain in cyber security. And for those interested in software development opportunities in blockchain and beyond, reach out to our expert team today!

blockchain interoperability

Web 3 series: blockchain interoperability

Over the last few months, there has been a lot of talk about Web 3.0. Web 3.0 is dramatically changing the World Wide Web, impacting everything from social media to the blockchain.

If you’re feeling clueless, don’t worry. Lots of people aren’t entirely sure what Web 2.0 is, let alone how it’s evolving.

So in a new series of posts, we’re going to start exploring Web 3.0 and its impact on next-gen technologies like the blockchain.

What is Blockchain Interoperability?

Today, we’re going to look at blockchain interoperability. Blockchain interoperability is the ability for different blockchain technologies to interact with one another.

As it currently stands, the walls between different blockchains are pretty high. There isn’t too much co-mingling allowed. While this may feel like an immutable aspect of the unchanging blockchain, we can potentially knock down these barriers with Web 3.0 technology.

If this were to happen, we’d begin to see interoperability open up between different blockchain solutions. That would allow users to move data from one blockchain to another, trade assets more easily, and maximize their use of the blockchain.

Why is interoperability important to blockchain?

Create a decentralized ecosystem

Blockchain interoperability will help create a truly decentralized ecosystem. One of the core goals of blockchain tech is to provide access to an asset that isn’t owned or controlled by any single entity. 

By opening up interoperability, users will have more freedom and access without the need for increased control or oversight.

New Web 3.0 opportunities

Blockchain interoperability could also create space for new Web 3.0 possibilities. You can use interoperability to mix and match blockchain technologies.

Each blockchain network has unique strengths and weaknesses. As a result, users often pick one over the other, missing out on some features in favor of others.

With interoperability, users can make the most of features across different blockchains — removing the need for an either/or choice.

Improve data transparency and verifiability

Blockchain interoperability will also allow for improved data transparency and verifiability. By getting different blockchains to “talk” to each other, we can enable validation between various blockchains, creating richer history for data and fewer chances for exploitation.

How to achieve interoperability?

Fortunately, the road to blockchain interoperability is already being paved. Businesses and startups are already working on an interoperable ecosystem for blockchain tech.

Interoperability relies on the development of cross-chain bridges to close the gap between blockchain networks and new ecosystems that support multiple blockchains. Developers are already working on these bridges with projects like Harmony and Polkadot. And Cosmos is a multiple-blockchain ecosystem already in use.

It’s only a matter of time before we see more interoperability solutions and move closer to a truly open blockchain universe.

Learn more about Web 3.0 and the future of blockchain technology

There’s a world of innovation to explore surrounding Web 3.0 and blockchain technology. To learn more about Web 3.0, blockchain, and more, head to the RebelDot blog.

And for a custom software development partner to help bring your ideas to life, get in touch with the RebelDot team today!

web 3.0 for businesses

Everything you need to know about Web 3.0 for businesses

With the emergence of Web 3.0, the perception of the internet that we’ve all been used to until not so long ago has been shifting gradually. It became clear that businesses have been exploiting private consumer data with minimal protection surrounding that data, which generated a storm of customer privacy issues, hence affecting users’ trust in day-to-day platforms. This, in turn, encouraged more and more people to get excited for a more secure and democratized internet. In fact, early-adopters, mostly blockchain geeks have already started to migrate towards Web 3.0 platforms.

While the internet helped entrepreneurs better assess their possibilities, data mining and exploitation did not necessarily benefit brand perception. A lack of confidence has been growing by the scale of some recent data breaches. Fortunately, blockchain will change that. 

In this in-depth guide, we’ll break down everything you need to know about Web 3.0 for businesses, how it works, some examples in practice, and why you should leverage this concept to achieve business growth.

What is Web 3.0 and how will It differ from today’s Internet?

Web 3.0, commonly referred to as Web 3, is a notion for a new version of the World Wide Web based on blockchain technology and includes principles such as decentralization and token-based economy. Some journalists and engineers have compared it to Web 2.0, which claims that data and information are concentrated in a small group of businesses known as “Big Tech.”

The terms “Web 1.0” and “Web 2.0” relate to different periods in the history of the World Wide Web as it progressed via different technologies and forms. Most web pages were static during Web 1.0, which occurred from around 1991 to 2004. The great majority of users would be considered consumers of content rather than producers.

Web 2.0 is centered on user-created content published to social media and networking platforms, blogs, and wikis, among other services, and it’s founded on the concept of “the web as a platform.” Web 2.0 is thought to have started around 2004 and is still going strong today.

Web 3.0 ideas vary, but they all revolve around the concept of decentralization and frequently include blockchain technology like cryptocurrencies and non-fungible tokens.

Key Characteristics of Web 3.0

The main characteristics of Web 3.0 include decentralization, permissionless technology, and increased security. Web 3.0 could also potentially balance creator economics and lower the barrier to entry.

Decentralization

Data is stored in central repositories in Web 2.0, which is problematic for a variety of reasons. It gave birth to tech conglomerates, otherwise known as Social Networks and concentrated market power in the hands of a small number of people. It also put data and private information at danger.

On the other hand, when it comes to Web 3.0, data is kept on the blockchain in “blocks” and “nodes” scattered over a vast network of computers, which means that your priceless private information is secure and private.

Permissionless Technology

What if someone told you that you needed permission to use the Internet? You’d most likely disagree. Instagram, Facebook, and other Internet services are, after all, free and open to use. This is the control illusion that haunts modern thinking.

In truth, tech giants like the previously mentioned ones have complete influence over how you and I utilize these services. Looking towards a normalized Web 3.0 future, you could join any network without asking for permission; all you have to do is press a few buttons. There’s no need to give up your privacy or relocate before using a service.

Security

Web 3.0 is a more secure version of its older sister, Web 2.0.

Decentralization, for example, makes it more difficult for unscrupulous individuals to get access to vast volumes of data. Users have more control over their information. Customers can select whether they wish to sell information about their online activities or stay anonymous.

Why is Web 3.0 Important for Business

To put it simply, when it comes to Web 3.0, there are several commercial opportunities. Until now, big tech companies have handled and exploited the data provided by consumers.

End users will have total data ownership with Web 3.0 powered by Blockchain. The data that is sent across the network will be completely encrypted. Users will be able to choose whatever information they wish to share with businesses and advertising agencies, and they will be able to profit from it.

To some, this may appear to be a stumbling obstacle for enterprises. On the contrary, it’s the exact opposite. For the benefit of both enterprises and consumers, data sharing will significantly alter.

Consider a current example of web 3.0 in work. Steemit is an excellent example of a web 3.0 social network. It is a decentralized reward system based solely on the Steem Blockchain social media platform. It compensates content authors or bloggers with the STEEM cryptocurrency in exchange for their contributions to the site.  

What are the Opportunities for Business That Web 3.0 Creates?

The main opportunities for businesses under Web 3.0 include interoperability, data safety, and improved privacy.

Web 3.0 can also be advantageous for businesses when it comes to operating across borders, selling tokenized assets via NFTs, and building apps on blockchain nodes that create transparency and immutability.

Interoperability

Users will be able to access data from numerous applications without having to be on a certain platform thanks to Web 3.0 capabilities. This means you won’t have to worry about a single device supporting Web 3.0 when others don’t.

Date Security

Web 3.0 will be far more secure than previous versions. Hackers will be unable to access the network without the activity being traced back to them, thanks to decentralization and dispersed nature.

Enhanced Privacy

Pro-privacy and anti-monopoly models will be on the table thanks to Web 3.0 capabilities. It will not incentivise centralized platforms that retain control over consumers’ data. With decentralization and privacy at the forefront, we will witness a shift. The hegemony of digital corporations will expire as consumers gain control over how their data is viewed, and there will be fewer, if any, data privacy attacks.

What does the decentralized blockchain protocol mean for businesses?

While discussing future use scenarios, it’s vital to understand that, although being hosted on a blockchain, these apps will not operate in isolation. All of these dApps (decentralized applications) will operate together in Web 3.0, just like they do now, to deliver integrated functionality that makes them more useful. The insurance contract mentioned above, for example, may receive data from a healthcare application and transmit a signal to a supply chain management contract. APIs will act as the “glue” that unites various disparate apps, just like they did in Web 2.0.

When it comes down to it, we’re not suggesting that Web 3.0 or blockchain will fix all of the world’s or even your company’s problems. What we’re saying is that you shouldn’t be hesitant to try out this new technology.

It will most likely be well worth your time due to the benefits of improved openness, verifiability, availability, and confidence it provides.

Ignoring Web 3.0 now is the same of ignoring the Internet 25 years ago.

Is Web 3.0 a Scam?

Some regard Web 3.0 as a scam, while others see the future of technology. And the discussion frequently devolves into ideology rather than technology, in most cases. Some people claim that consumers are being tricked into believing they possess a digital asset because of the growing popularity of NFTs. Others regard NFTs and Web 3.0 as having a lot of promise.

The current status of NFTs foreshadows a scenario in which your property deed, auto loan contract, and college diploma will all be recorded on the blockchain, together with all pertinent history and information, in an immutable and transparent manner.

As it happens, the internet has too many intermediaries, whereas NFTs can provide a more direct and pure means for artists, musicians, and producers of all types to interact with their audience.

There are many pros and cons associated with Web 3.0. However, we don’t believe it’s a “scam”. Rather, it’s a new, complex form of the internet that is still in its youth.

Trends and what to expect of Web 3.0 for 2022 Onwards

In the coming year and beyond, we can expect to witness a few trends in the context of Web 3.0. For starters, Artificial Intelligence is one of the most crucial Web 3.0 advancements of our generation. A.I is becoming more powerful and pervasive in all industries with each passing year. It is intimately linked to human intelligence. Artificial intelligence can put new products on the market without having to deal with a slew of issues.

We may also expect to see blockchain as a service becoming increasingly prevalent. It’s a new blockchain trend that numerous corporations and enterprises have already embraced. BaaS is a cloud-based service that allows clients to collaborate on digital products using blockchain. Smart contracts, decentralized applications (or dApps), and other services that don’t require the entire blockchain infrastructure to work are examples of digital products.

When it comes down to it, there’s nothing to fear from a business standpoint considering Web 3.0. Rather, this new trend in technology could benefit businesses just as much as it benefits consumers.

Blockchain development isn't out of reach

Developing blockchain technology for business use cases isn’t a pipe dream anymore.

Businesses of all shapes, sizes, and sectors can start putting this technology to work today to achieve any of the applications in this article and beyond.

To discuss opportunities for blockchain development within your business and how you can get started, reach out and let our blockchain development engineers at RebelDot support you as close consultants in developing and launching your digital product idea.

dApps development

dApps 101: How to start dApps Development

It’s no secret that blockchain technology has been a hot topic for the last few years. One of the key features behind the growing popularity of blockchain tech is dApps development. If that sounds like a made-up word, don’t worry. This post will cover everything you need to know about dApps and their development so that you and your business can start taking advantage of them.

What are dApps?

First things first, what are dApps? Short for “decentralized apps”, dApps are apps that are built on the blockchain. This means that no one owns them, and anyone can use them. If you know what a smart contract is, a dApp is just a smart contract with a user interface on the front end.

Because dApps are decentralized, the user has total control over the data that is entered, transformed, and created through the dApp. This is different from a traditional app, which stores data in a central location, such as a database.

For the same reason, dApps are also significantly slower than traditional apps. So they’re not necessarily better than a standard app — they just have certain advantages that make them ideal for unique situations.
Below is a breakdown of some of the key features unique to dApps.

dApps use peer-to-peer networks

One of the most unique things about dApps is that they use peer-to-peer networks. This is done through the blockchain, and it’s why no single entity has control over a dApp.

That means that the dApp runs on a network supported by everyone using it. If that sounds vague, you can think of it like the internet. There is no magic box that contains the internet. Instead, the internet is created by everyone using it every time they use it. dApps work similarly in that each person’s use of and interaction with a dApp keeps it running.

dApps are more secure than regular apps

Because no single entity owns a dApp, there isn’t a centralized place where the dApp, and importantly the dApp’s data, exists. And that enables them to be more secure than a traditional app.

With a traditional app, a hacker only needs to gain access to the central database or the accounts with access to that database. But with a dApp, neither of these entry points exists. There’s no way to “access” them because they aren’t there.

dApps development can be less expensive

dApps development can be less expensive because it is essentially simpler. Most businesses aren’t creating dApps with the same level of intricacy as a traditional app. 

Usually, a dApp just executes a few basic tasks for the user. And since they’re being deployed on the blockchain, a lot of the framework is already in place. All that needs to be developed are the functions and interface for the app, and you’re done. They’re easy to deploy, too!

The benefits of developing dApps

There are several benefits to building a dApp over a traditional app. Here are just a few:

  1. Data integrity. You get complete data integrity because dApps have increased data security and use peer-to-peer networks to store data. Every user knows that the data is accurate because every user has verified the data.
  2. Privacy. dApps provide higher levels of privacy because there is no governing body behind the dApp. This means that no one can own, manipulate, misuse, or even ask for your personal information.
  3. No downtime. Since dApps exist on the blockchain rather than on a server, they don’t have downtime. There will never be a time when you can’t access your dApp.

How are dApps made? Starting dApps development

Now that you have an idea of what dApps are and why people choose to create them, it’s time to explore that creation process. Below are the steps to create a dApp from start to finish.

Identify the problems you need to solve

First, you need to identify the problems you want to solve with your dApp. This is just like creating any other app, so it’s something your development team should be familiar with.
What’s unique to dApps is that they are specialized solutions to a problem. You need to evaluate if a dApp is the ideal solution to that problem. What advantages does a dApp have that a traditional app doesn’t that will make it the right option for your team?

Create a proof-of-concept

Next, you’ll want to create a proof of concept for your dApp. This is where your ideas for your dApp become a prototype that you can test. The goal during this stage is to see if your solution works.

For instance, you may find that your interface is off or that you should be coming at the problem from another angle. Or maybe you’ve realized that the problem isn’t significant enough to warrant dApp development. Whatever the case, you want to start prototyping and pushing the limits of your dApp concept.

Choose a blockchain to use

Next, you’ll want to choose a blockchain for deploying your dApp. Ethereum is probably the first one that comes to mind as it’s the most popular, but there are several other options you can go with. You can even put in the time to develop your own blockchain if that’s what’s right for your organization.

Launch your dApp

With all of the dApp development out of the way, you’re ready to launch your dApp! This happens after rigorous testing to make sure that your dApp runs as it’s supposed to. 

Remember not to rush things during this step! You can’t make changes to a dApp after it’s launched. That’s one of the reasons it’s good to keep things simple. So take your time and make sure you get it right.

Get help with your dApp development from our smartest engineers & product specialists at RebelDot

You don’t have to build your dApp alone. You can just reach out and start realizing your vision today!

DeFi smart contract development

Smart contracts development: what product owners need to know

If you’ve spent some time looking at the world of blockchain, you’ve probably heard of smart contracts or even thought about smart contracts development. They’re a popular feature of blockchain and particularly cryptocurrencies like Ethereum.

But what are they, and how can they be useful to you? In this post, we’re going to cover everything you need to know about DeFi smart contracts, from what they are to how to start using them.

What are smart contracts?

In short, a smart contract is a program stored on the blockchain. However, unlike a regular program, which runs whenever you tell it to (like when you double-click an app icon), a smart contract only runs whenever certain conditions are met. 

For instance, say you agree to give someone the title to your car if they pay you $5,000. You could create a smart contract in the blockchain that emails the person the title to your car (assuming it were that easy, of course) whenever they send you $5,000. The contract is executed by code, so both parties know there’s no room for funny business. 

This creates a clean value exchange, which can be difficult to achieve in the real world. You can build smart contracts on a few different cryptocurrency blockchains, including:

  • Ethereum
  • Bitcoin
  • Cardano
  • EOS.IO
  • Tezos

3 DeFi smart contracts use cases

To help you better understand how you can use DeFi smart contracts, here’s a look at three popular proposed use cases. It’s important to note that this technology is still in its “proto” phase, so these are projections of what the technology can do and not necessarily what it can do right now.

Mortgage loans

A mortgage loan could be executed with a smart contract in much the same way as a car title transfer. What makes the prospect of turning these types of loans into smart contracts beneficial is how much paperwork and processes go into a traditional mortgage loan.

There are middlemen, sometimes weeks of waiting for approval and analysis, and other time-consuming steps standing between the lender and the borrower.

With a smart contract, you can cut down on all of these extra steps. The parties can create a smart contract that executes as soon as someone has the right information and requirements to be approved. This also creates a single place where both parties can easily view all information associated with the transaction.

Insurance claims

Another paperwork-intensive financial process is making an insurance claim. There’s a ton of analysis, going back and forth, and investigation that goes into processing these claims. Plus, making and taking payments from the right people can get complicated.

With a smart contract, this can all be done automatically. You can use the contract to check if a party meets certain claim criteria and can automatically send payment to their account.

This saves a lot of time and headache for all people involved, streamlining the process significantly.

Financial data recording

Financial data recording is one of the most versatile and important use cases for DeFi smart contracts. This is a crucial process that the slightest error can completely disrupt.

So it makes sense that financial data recording is perfect for automation through smart contracts. Businesses and individuals can set up parameters that cause data to be recorded, and data that comes in as input can be stored on the blockchain.

This can eventually remove the need to keep up with documents like invoices by executing the information and function of these documents through smart contracts. It will reduce the errors associated with record-keeping while also saving time and energy.

The basics of DeFi smart contracts development

Now that you know what DeFi smart contracts are and how you can use them, let’s cover the basics of how you can develop them.

Pick what blockchain technology you want to use

First, you need to decide which blockchain technology you want to use. The go-to choice for pretty much everyone is Ethereum, as it is the most popular solution built around smart contracts.

You could use some of the alternatives to Ethereum or go the extra mile and develop a proprietary blockchain technology that caters to your DeFi smart contract needs.

Define your "tokenomics"

“Tokenomics” is a trendy of way of saying “how a cryptocurrency works.” It’s the rules, parameters, inputs, outputs, etc., that define a particular cryptocurrency and blockchain system.

When diving into DeFi smart contracts development, you need to establish these parameters for yourself.

Will you be using cryptocurrency tokens or exclusively smart contracts? How will you use them? And how will they fit into your broader blockchain strategy?

Integrate with crypto wallets

During DeFi smart contracts development, you will also need to consider whether or not you will integrate with crypto wallets. For those that don’t know, crypto wallets store the information that gives you access to your cryptocurrency, similar to how a debit card and PIN work.

While you don’t have to integrate with crypto wallets to make smart contracts work, it can open up several doors for you. For instance, it allows you to create contracts tied to financial transactions.

Decide which data feeds you need to rely on

Finally, you’ll need to know which data feeds your DeFi smart contract development will rely on. Data feeds refer to information outside of cryptocurrency and the blockchain that will be pulled into your smart contract application.

For example, weather, location, and eligibility could all be required for a smart contract to properly execute, though that data will need to come from an external source.

Partner with RebelDot and start your DeFi smart contracts development today

You don’t have to wait to start your DeFi smart contracts development. By partnering with RebelDot, you can bring your vision to life easily and effectively. Reach out to our team today and see how we can help!

blockchain applications

8 applications of blockchain technology for businesses in 2022

Blockchain is one of the most exciting (and, arguably, least understood) technologies on the scene in 2022. But its buzz for blockchain more than makes up for the questions business owners have around it — and now, organizations everywhere want to stake their claim with their own innovative solution. 

If you know you want to invest in blockchain development, but you don’t know how (or why!) to go about it, then this post is for you. 

We’ll be covering eight applications of blockchain technology for business so that your organization can put it to work in a meaningful way. 

8 inspiring applications of blockchain technology to consider in your business

1. Smart contracts

First on our list of blockchain development solutions is smart contracts. Smart contracts are essentially automated contracts written in code rather than on paper. 

Say an enterprise agrees to buy a product from your business for $100,000. Rather than making this deal over the telephone, Zoom, or through a bunch of emails and signatures, you can create a simple smart contract instead. This contract is a bit of code in the blockchain that will automatically approve the purchase of the product when the enterprise sends over the money. It executes the contract for your business.

Why is this use of blockchain technology exciting for business?

Of course, this is just one use case for a smart contract. The same technology can be used to hire new employees, secure clients, merge and acquire, and a plethora of other activities. Because it’s automated, there’s less room for error and less oversight required.

By using smart contracts, businesses can benefit from increased transparency, faster negotiations, and automated transactions. There’s no need for external parties to execute or secure the contract since the contract itself handles this. This allows involved parties to be more confident in the success and management of the contract.

2. Decentralized apps

Next are decentralized products, namely apps. Sometimes called “dApps”, a decentralized app works just like a standard app you use every day on your phone or computer. However, unlike these other apps, there is no one managing your data, account, or orders on the other end. 

Instead, the blockchain is handling all of this. It’s storing and updating user accounts and processing transactions (financial as well as general interactions) for the users. 

Typically, you would need an intermediary to do all of this. That intermediary is usually the developer, who has to maintain a database after launching an app. Since decentralized blockchain solutions are self-sustaining, there’s no longer a need for the intermediary party. This keeps things simple, secure, and private for the individual.

Why is this use of blockchain technology exciting for business?

For smaller developers and businesses, or for those who have developed more apps than they can manage, a decentralized solution presents a long-term management option. You don’t need to be as involved in the day-to-day responsibilities of taking care of your app. At most, you just need a customer support team.

Additionally, privacy-centric companies (which is quickly becoming all companies in 2022) can advertise decentralized solutions as a privacy-first mechanism. It decreases the involvement the developer has in the users’ data and gives the user more control over their data and how it’s used.

3. Increased transparency and traceability

Increasing transparency and traceability is a more broad application of blockchain technology for business, but it’s still worth mentioning. As the amount of data companies are taking in, transforming, and outputting increases exponentially, these are two features that are becoming more and more important. 

On the transparency front, blockchain development can be used to provide everyone with a clear view of how data is used within your company. They can either view just their data or everyone’s, depending on how transparent you want to be. They can see how this data is accessed, modified, and implemented throughout your systems. 

Similarly, all of these features of blockchain can be used to improve traceability. You can cut down on fraud, track it down when it happens, and avoid lost or corrupt data.

Why is this use of blockchain technology exciting for business?

As mentioned before, privacy-first policies are becoming critical to your public perception. Individuals are becoming more educated and concerned with how their data is collected and used. 

In a way, it’s fitting that this rise in awareness is coinciding with the rise in blockchain’s popularity. Blockchain is the perfect tool for removing the blackbox nature of your business’s data policies and practices, boosting consumer trust, and improving your internal data procedures.

4. Employee compensation

Employee compensation is a very pragmatic use case for blockchain technology. It leverages something blockchain is already good at (processing financial transactions) and applies it to a real-world need for businesses. 

And of course, just because the blockchain is primarily used to process cryptocurrency transactions, that doesn’t mean you’ll need to start paying your employees in Bitcoin. With “smart” blockchains like Ethereum, you can create your own apps on the blockchain that process any kind of transactions you like. 

This can provide you with a faster, more transparent, and more flexible way to pay your employees every period. 

Why is this use of blockchain technology exciting for business?

While putting your employees on a blockchain payroll might seem redundant (“But… I already have a payroll system in place…?”) it offers a few unique benefits.

First, it allows you to pay employees in cryptocurrency if that’s something they’re interested in. It can also make it easier to pay customers in a fiat currency of their choosing (Stellar is particularly good at this).

And second, with contractors, freelancers, and remote workers becoming more commonplace, a blockchain payroll can standardize and secure the way these workers are paid. This gives everyone more confidence in your payroll system while keeping things simple, too.

5. Securing digital identities

For the most part, the way we keep up with our identification is pretty outdated. Whether we’re talking about hospital records, government IDs, or just the badge you wear to work, there’s a lot of room for improvement with our IDs.

Fortunately, blockchain development can help here, too. Businesses can store digital identities in the blockchain and access them from there across a variety of services and products. This is opposed to the more traditional solution of a database, which can become cluttered, slow, costly to maintain, and difficult to keep in sync.

Not to mention that, eventually, the blockchain can be used to make our digital identities universal. You’ll have just one account that connects your information to any platform, business, or service you sign up for.

Why is this use of blockchain technology exciting for business?

The largest benefit of applying blockchain to digital identities is convenience. It serves to make things as simple as possible, both for the user and for you, the business. 

And in more security-driven applications like healthcare and finance (or anything where an account is used for more than accessing digital goods and services), the blockchain creates a more transparent, traceable, and secure solution.

6. More trustworthy voting processes

Thanks to the Greeks, we’ve all (mostly) agreed that voting is pretty great. The problem is, we haven’t really updated the way we vote since the time of the Greeks. Much of our voting is still conducted on pen and paper, and even when it is digitized, concerns of fraud and error are high.

This is as true of government voting as it is for voting within a business context, whether that be a board of directors coming to a conclusion or a workers-based decision.

Blockchain can help you modernize voting in a way that is fast, convenient, and most importantly, trustworthy. You can ensure that every vote is authentic, immutable, and incontrovertible.

Why is this use of blockchain technology exciting for business?

Ensuring that a voting process is legitimate is critical no matter the context. However, this can sometimes come into conflict with our more modern need to have voting also be convenient and easily accessible.

Blockchain can bridge this gap for your workplace. It can give a voice to various stakeholders throughout your company via a channel that they can trust and access at their convenience.

7. Transportation and logistics

The transportation and logistics sector is becoming increasingly automated and digitized. This has the benefit of making it more cost-effective, sustainable, efficient, and safe for workers.

It also comes with the drawback of data vulnerability. The more communication that occurs between vehicles and management systems, the more chance there is for vital data to be corrupted or stolen.

By implementing blockchain technology, businesses can mitigate these drawbacks. They can secure the data that’s being moved, prevent it from being altered without oversight, and generally create a safer digitization process for their transportation and logistics departments.

Why is this use of blockchain technology exciting for business?

The benefits of blockchain development within logistics go beyond keeping data safe. It can also be used to improve freight tracking, which grows increasingly important to consumers and businesses alike.

8. Give users control of their data

We’ve mentioned it a few times throughout this post in other points, though it’s potent enough to garner its own position on this list: blockchain development has the power to give individuals control over their data. 

Currently, when you use an app or digital service, you take for granted that the business owns your data. Purchasing digital media, adding your sign-in information, and keeping a digital record of your usage — each of these things is left to the developer/business behind the software. 

With blockchain, you can put data back in the hands of the user. Not only can they get a better view of what data is being stored on them and how it’s being used, but you can also give them options and features tied to manipulating that data. Since no one needs to manage a blockchain, you can introduce anonymity into your service more easily.

Why is this use of blockchain technology exciting for business?

The data of individuals is becoming a hot-button issue around the world. Users are more educated and aware of their digital footprints than ever before, and increasingly they’re asking for control over this data.

Blockchain development can put users back in control without minimizing or removing the abilities of the developer. It’s a win-win solution and one that could become a new default in the future.

How does the blockchain app development process work?

The blockchain development process is not too unlike that of traditional software development. It involves building the back-end, then the front-end, designing the UI, deploying it on various platforms, and finally testing it for quality assurance.

This can take anywhere from a few weeks to a few months and, due to the complexity of blockchain technology, is best left to experienced developers. Of course, businesses don’t have to build a blockchain solution from scratch. They can lean on existing solutions like Ethereum and Stellar, which already have frameworks in place.

How much does it cost to build a blockchain app?

Generally, it will cost anywhere between $20,000 and $200,00 to develop an original blockchain system. This includes the cost of hiring developers or outsourcing to a development agency.

If businesses instead choose to create blockchain apps on existing systems, like Ethereum, then the cost can be much lower as this is far simpler to do.

Can you build your own blockchain?

Of course! Nothing is preventing any business from creating its own blockchain aside from expertise. Generally speaking, there’s no reason to create a blockchain if an ideal solution already exists. This is kind of like developing a programming language when all you need is an app.

That said, building your own blockchain can be valuable if there isn’t an ideal solution available. For instance, Ethereum, which is perhaps the most popular blockchain for app development, can be slow to run due to its popularity. Others have environmental concerns, are bloated, too broad or narrow in usage, or can be otherwise less than ideal. In these cases, it can make sense to create a new blockchain from scratch for your business.

Blockchain development isn't out of reach

Developing blockchain technology for business use cases isn’t a pipe dream anymore. 

Businesses of all shapes, sizes, and sectors can start putting this technology to work today to achieve any of the applications in this article and beyond.

To discuss opportunities for blockchain development within your business and how you can get started, reach out and let our blockchain development engineers at RebelDot support you as close consultants in developing and launching your digital product idea. 

blockchain development companies 2022

Top Blockchain development companies in Europe

With the Web 3.0 and the hype generated around NFTs, surely blockchain technology is gaining popularity on a fast pace. Besides financial transactions, we’re beginning to see how blockchain is now advocated for a variety of corporate uses, making this presumably utopian technology touch upon many aspects of the way business operate.

From increased security to faster information sharing while maintaining decentralization, blockchain is truly the future, but many organization leaders don’t know where to start when it comes to its implementation.

The first course of action should be to seek out a blockchain development company in order to get insight and access to professional developers. However, not every blockchain company or startup is going to be able to give you what you need and on an agreeable budget. That’s why it’s vital to do your research on the best blockchain development companies out there before making an investment.

In this article, we’ll break down what blockchain development and web 3.0 development actually are, providing you with our take on Top Ten Blockchain Development companies in Europe that are becoming major players in the world of blockchain technology.

What is Blockchain Development?

Blockchain is a decentralized public network, an open market that does not comply to any governmental or private entity power, where both people and institutions can store and securely transfer information and currency in seconds.

Core developers and app developers are the two primary sorts of developers in this technology. The developer builds the code for a blockchain client in core development. Blockchain clients are written in low-level computer languages. App developers are a bit different.

Blockchain clients include the Bitcoin blockchain, the Binance smart chain, and the Ethereum blockchain.

Most blockchain developers, on the other hand, work on developing web and mobile apps, and this is what most people think of when they hear the term “blockchain development.” Instead of constructing an entire blockchain from scratch, they create apps on top of a blockchain client in blockchain app development.

Essentially, blockchain development involves the work of core developers and app developers to create blockchain web and mobile apps. Organizations in a wide range of niches can benefit from seeking out the services of blockchain developers.

Why consider Blockchain Development for your business?

There are numerous things to consider when integrating blockchain into your business, providing new blockchain-based goods to your consumers, or investing in blockchain application development.

This cutting-edge technology has the potential to have a significant influence on how your company runs. Specifically, blockchain technology can be used to construct everything from digital wallets to more user-friendly applications and more effective advertising.

By incorporating blockchain technology into their companies, businesses will have access to automated execution, digital asset management, improved business networks, and greater security.

Let’s break down the benefits a bit more.

To begin with, organizations can benefit from the decentralization of blockchain technology. Blockchain eliminates the need for a middleman. This means there will be no government money and no third-party verification. Furthermore, transactions are distributed among thousands, if not millions, of machines, with only your blockchain network having access to them.

Basically, data is never lost as a result of this decentralization. In addition, blockchain technology is unchangeable. A blockchain’s data structure is based on an append-only format. Data that has already been recorded cannot be changed or deleted by ill-intentioned persons. This, of course, adds an added layer of protection.

Improved security is probably one of the most significant advantages of blockchain for enterprises. To keep everything extra secure, blockchain uses cryptography to encrypt the data stored within blocks. Blocks can only be added to the chain after undergoing a verification process that necessitates agreement among ledger participants. Another advantage of blockchain technology is more transparency. Everyone in the network has access to the same documentation because blockchain is a distributed ledger. You don’t have a dozen unique copies of sensitive information because all of these digital copies are linked to the same digital information.

What should you look for in a blockchain development company?

The agency you decide to work with must be able to demonstrate good knowledge of most, if not all, of the programming languages utilized in blockchain development. Developing commercially effective blockchain technology, smart contracts, or complicated products necessitates knowledge of a number of unusual technologies. Your preferred blockchain development firm should have teams who are knowledgeable with blockchains, cryptocurrencies, EVM, distributed ledgers, consensus techniques, decentralized technologies, IoT, and cybersecurity.

A good blockchain development company will also have its thumb on the pulse of current trends. Today, people all around the world are actively experimenting with blockchain technologies in order to get the most out of them. That is why it is critical to have a skilled and dependable team of developers on board that are up to date on all blockchain industry developments. These advancements might be beneficial to your blockchain project. Ascertain that the organization is up to date on the current software development industry trends, and learn from them what tools are popular now for trend adoption. When it comes to business solutions, this is always crucial.

A competent blockchain development firm will also have contract terms that are compatible with your business strategy. If you are unable to pay pricey blockchain-based services owing to a restricted budget, you should request that your preferred blockchain provider create a contract tailored to your business model. Blockchain technology engineers will be better equipped to comprehend your preferences and design a tailored solution to match your business demands once you discuss your business goals and initial financial resources. If you are unable to pay for the full project, you can enter into an agreement with the firm in which you will be charged a defined proportion of the earnings. This implies you’ll split the earnings with the developer to cover the cost of the contract.

Check with the contractor to see what they know from the above and if there are any issues. This must be done because it has an impact on the end product’s functioning or safety. After you’ve established that your contractor has the bare minimum of expertise required to produce a commercial blockchain product, you’ll need to ask yourself a second, equally essential question: Does the developer have prior experience developing the sort of blockchain product you require? If the answer is no, you should certainly avoid becoming affiliated with this firm, as you may come to regret it later.

What are the approximate costs of blockchain development?

Because blockchain is a feature-dependent technology, the ultimate pricing will vary depending on the project specifications. One can claim that the cost of developing a blockchain app ranges from $5,000 to $200,000. However, there are several things to consider. One thing to think about is project management. The cost of project management is also included in the creation of a blockchain app. A corporation can, for example, utilize an agile approach to hold regular meetings or daily scrums, track the current sprint, testing, deadline, defects, and deliverables, and so on. Confluence, Trello, and Jira are some of the technologies they utilize to help with the agile process. The cost of such software tools is also factored into the cost of implementing blockchain.

Basically, there are a few things outside of just paying a developer that will contribute to the cost of blockchain technology. Consulting, designing, development, quality assurance, deployment, maintenance, and management will all be factors that cost money in a blockchain project. Migration and upgrades, in addition to third-party tools, will also contribute to the cost of blockchain development. Because the cost of blockchain development can be a little steep, it’s vital to invest in the workforce of a top-notch blockchain development company.

Top 10 Blockchain Development Companies in Europe

RebelDot (Romania)

RebelDot is a UX and UI design and software development firm situated in Cluj-Napoca, Romania, that was created in 2008. Their team of 46 specialists, situated in Romania and Denmark, offers a comprehensive spectrum of online and mobile app development services for startups and enterprise-level businesses, all of which are based on blockchain technology. Lautec, Samba Communications, Riggsafe, and Pivot Sport are some of RebelDot’s more well-known clients.

Eligma (Slovenia)

Eligma is a global platform that enables smooth and safe crypto payments in both physical and virtual establishments. Eligma uses blockchain technology to create crypto payment network communication standards. Its goal is to make cryptocurrency a part of everyday life and trade. Eligma was founded in 2017 with the goal of improving the way people purchase and pay today.

They chose to seek the support of future users through a public crowd sale at the beginning of 2018, supported by corporate investors and almost 1,500 Eligma believers, after receiving stamps of approval from numerous renowned businesspeople and entrepreneurs who eventually became Eligma’s advisers. Eligma created a crypto payment infrastructure that allows retailers to accept cryptocurrency in exchange for their local currency, as well as a client app that allows for immediate cryptocurrency payments.

Zfort Group (Ukraine)

The Zfort Group offers a diverse development portfolio that focuses on challenging technologies like AI and Blockchain. The company’s headquarters are in Ukraine, but it also has offices in the United States, Canada, the United Kingdom, Australia, Germany, and Israel. On projects of any scale, a big number of highly qualified programmers work. Small individual websites to huge ERP systems and decentralized trading platforms are among them. There are projects for decentralized exchanges, NFT minting, crypto bots creation, cryptocurrency development and ICO, and many other smart contract projects in stock.

This firm can fit those who require a blockchain-based project or people who want to incorporate a blockchain to their project because the development team can perform projects in any way. For example, if you currently have a product but want to add the ability to generate NTF tokens from it, Zfort Group can assist you.

Ledger (France)

Ledger uses a patented technology to offer security and infrastructure solutions for cryptocurrencies and blockchain applications for consumers and businesses. With over 1,000,000 units sold in over 165 countries since its launch in 2014, Ledger has swiftly established itself as a worldwide leader in the hardware security device sector.

Ledger announced the Vault, a fully managed SaaS solution for organizations and corporations that addresses the requirement to preserve a huge number of numerous cryptocurrencies while minimizing both IT and physical attack threats. The firm also has a presence in the industrial IoT industry, where it uses its secure hardware technology to connect sensors and machinery to smart contracts or blockchain-based assets. Ledger is based in Paris, with headquarters in San Francisco and a production site in Vierzon.

Intellectsoft (Ukraine)

Intellectsoft is a multinational firm with operations all over the world that has its beginnings in Ukraine. Excellent programmers who work with emerging technologies are employed by the organization. Innovations, blockchain technology, AI, and other technologies are always being worked on. In the public sphere, the corporation consistently ranks top in lists of the finest companies, with revenues increasing year after year.

In terms of technology, the company works on mobile, web, and application development, as well as eCommerce solutions for major businesses and blockchain systems. Intellectsoft was created in 2007 and has a long list of satisfied customers, so we wouldn’t consider them “new” in the realm of blockchain technology in Europe. However, this company has been steadily gaining an excellent reputation when it comes to blockchain development.

Aave (Finland)

Aave (from the Finnish word “ghost”) is a non-custodial open-source Ethereum protocol for decentralized lending and borrowing. The protocol issues ERC20-compliant aTokens to lenders in a 1:1 ratio to the assets they supply. Interest begins compounding immediately, as seen by a constant increase in the number of aTokens held by the lender. Separate from the aTokens that represent the underlying principle, this interest stream may be routed to any address.

Aave offers flash loans, which are trustless, uncollateralized loans that must be borrowed and repaid in the same transaction. This functionality, which is aimed at developers, might lead to new DeFi applications. As blockchain-based transactions, lending, and borrowing grow increasingly commonplace in the coming years, this is a startup to keep an eye on.

OTR (Eastern Europe)

OTR is a collection of development firms based in Eastern Europe, the European Union, and the United Kingdom that was founded in 2000. While its headquarters are in the United Kingdom, they have clients all around Europe. The major focus is on the financial and banking sectors, where blockchain technology is already well-established. More than 2,400 full-time staff work on front-end and back-end development projects using Java, PHP,.Net, React, Vue, and Angular technologies.

As with the previous ones, blockchain technology is not the primary corporate technology. They did, however, integrate it into banking systems and financial initiatives for mutual settlements and digital banking with great success.

Blaize (Ukraine)

Blaize is another firm on our list that is primarily focused on blockchain and bases all of its operations on it. However, they also offer additional development options, allowing the organization to work on any project. Decentralization is their major emphasis, and they have a lot of expertise with decentralized banking, decentralized autonomous platforms, decentralized exchanges, and other things.

Bitcoin, Ethereum, Tezos, EOS, Substrate, Near, Hyperledger, Tendermint, Solana, Corda, TRON, Dash, PIVX, and others are among the technologies they support. Despite the fact that this firm is still relatively new, having been founded in 2016, it is creating a lot of interest in the blockchain development community.

WISeKey (Switzerland)

WISeKey is a worldwide cybersecurity firm that uses a proprietary technique to establish large-scale digital identification ecosystems. For the Internet of Things, Blockchain, and Artificial Intelligence, WISeKey’s Swiss-based cryptographic Root of Trust (“RoT”) delivers safe authentication and identity in both physical and virtual contexts. The WISeKey RoT acts as a shared trust anchor, ensuring the integrity of online transactions between objects and between humans. Their vertically integrated trusted platform combines a variety of chips with software applications to meet the security and business objectives of their customers.

WISeKey’s software contains company-developed proprietary technology including RoT and Public Key Infrastructure (“PKI”). These technologies are available as stand-alone solutions as well as part of the completely integrated new Vertical Trusted Platform, which allows WISeKey customersto manage their digital identity, information, and communications in a smooth process backed by complementing technology. They give their customers the ability to adapt to a shifting device environment without jeopardizing their digital security. The connectedness of digital gadgets was triggered by the fast expansion and spread of internet-based devices, as well as people’s reliance on them for personal and business requirements.

OpenLedger (Denmark)

OpenLedger is a startup that produces its own blockchain apps on popular blockchain platforms, in addition to providing blockchain technology and development services. As a result, it has a lot of expertise with blockchain technology. The firm was established in 2014 and has a large number of satisfied customers.

This company can create decentralized projects on current blockchains or create totally new blockchains using OpenLedger. As a result, I would suggest this company’s services to anyone looking for basic blockchain solutions.

At RebelDot we’re constantly on the look for talented, passionate and beyond all, nice people. Should you consider developing or even just starting a career in Blockchain Development, our team is excited to get to know you and build amazing digital products with you. 

If we sound like a fit for you, consider visiting our careers page to learn more about the culture, growth opportunities and specific vacancies we have available.