Blockchain Development Services

THE VISION

As a Chief Innovation Officer, you are responsible for driving innovation and growth. You are interested in all the ways to improve efficiency, transparency, and security across your company’s operations.

As a Chief Technical Officer you are responsible for technology infrastructure, and seek the way to enhance data security and protection, improve data sharing, and create new digital solutions. One of your options is to use decentralised apps and smart contracts to automate transactions.

As a Chief Financial Officer, you want to streamline financial transactions, track assets, and automate processes seeking cost reduction and improved accountability. You want to automate business processes and reduce the costs associated with intermediaries.

As a government official responsible for secure services provision, you want to create e-services for citizens, improve and simplify bureaucratic processes, while keeping user data completely secure.

BLOCKCHAIN BENEFITS

Blockchain as a transformative technology, removes intermediaries and streamlines value exchange, paving the way to trust and efficiency. How can it benefit your business?

01. Increased Transparency and Trust

Blockchain creates an immutable and transparent record of all transactions, making it ideal for supply chains and other situations where trust is important. Network participants can view transaction history, which promotes collaboration and reduces the risk of fraud.

02. Improved Security and Privacy

Data on the blockchain is protected by cryptography, making it resistant to unauthorized access and alteration. Only authorized participants can view and update data, which ensures privacy.

03. Reduced Costs and Increased Efficiency

Blockchain can automate many routine tasks associated with transactions and record keeping, saving time and money. Eliminating intermediaries can lead to significant cost savings.

04. Access to New Markets and Opportunities

Blockchain can make it easier to collaborate with partners and customers around the world. This can open up new business opportunities that were previously unavailable.

05. Improved Data Management

Blockchain provides a secure and decentralized way to store data. This can help your businesses better manage their data and gain valuable insights from it.

06. Automate Processes Using Smart Contracts

Smart contracts are self-executing agreements that are stored on the blockchain. They can be used to automate many business processes, saving time and money.

07. Increased Customer Loyalty

Blockchain can help your businesses build more transparent and trusting relationships with customers. This can lead to increased customer loyalty and a better customer experience.

Risks and Solutions

While blockchain offers a revolutionary approach to business operations, its adoption comes with potential challenges. However, with proper planning and mitigation strategies, we can overcome these challenges. Here are some key potential risks and some solutions how to address them:

Scalability:

Blockchain networks, especially those using proof-of-work (PoW) consensus mechanisms, can face scalability issues, limiting transactions per second (TPS) and increasing transaction costs. A mitigation strategy we use is the implementation of layer 2 solutions like Lightning Network for Bitcoin or Plasma and Sharding for Ethereum to increase TPS without compromising security. Or we can switch to more scalable consensus mechanisms such as proof-of-stake (PoS) or delegated proof-of-stake (DPoS).

Interoperability:

There are numerous blockchain platforms, but they often lack interoperability. We develop and implement cross-chain protocols that enable communication and transactions between different blockchain ledgers. We can also work towards establishing industry standards for blockchain interoperability. Some existing initiatives working towards are the International Organization for Standardization (ISO), European Telecommunications Standards Institute (ETSI) or Hyperledger.

Security Concerns:

While blockchain is inherently secure, its applications, including smart contracts, are not immune to vulnerabilities and attacks. We conduct regular security audits of blockchain applications and smart contracts. We implement the latest security practices and incident response strategies. We educate developers and users on security best practices and common vulnerabilities, such as logic bugs or reentrancy, in blockchain systems.

Energy Consumption:

Proof of Work (PoW) blockchains, such as Bitcoin, are criticized for their high energy consumption, raising environmental concerns. To mitigate this, we can implement the adoption of Proof of Stake (PoS) or other less energy-intensive consensus mechanisms.

Privacy Concerns:

Public blockchains offer transparency but can also expose user data and transaction details, raising privacy concerns. We can implement technologies like zero-knowledge proofs to enable transaction validation without revealing sensitive information. We can use hybrid blockchains that combine the transparency of public blockchains with the privacy features of private blockchains.

WHAT WE CAN DO FOR YOU

Unlock the transformative power of blockchain with Computools.

01. Blockchain-Inspired Solutions

We solve specific business problems where traditional blockchain applications might not be fully required or applicable, you can build systems that use blockchain principles to create secure and verifiable digital identities, enhancing privacy and user control over personal information. For example, you can use decentralized ledgers to track the production, shipment, and delivery of products in real-time, improving transparency and trust without the complexity of a full blockchain.

02. Blockchain-Complete Solutions

We create comprehensive, end-to-end solutions that are built on top of blockchain technology, like protocols, wallets, voting systems, etc, so you could leverage the blockchain for all your operations. For example, platforms for storing, sending, and receiving cryptocurrencies securely, as well as trading them. Or developing and deploying self-executing contracts, such as Cardano, Ethereum, Solana, with the terms of the agreement directly written into lines of code, applicable in areas such as real estate, legal processes, and automated business agreements.

03. Enhanced Blockchain

We can enhance or customise your existing solutions. This can include the development of new consensus mechanisms, the integration of additional security features, or the creation of bespoke blockchain networks. For example, implementing advanced security measures on top of existing blockchain frameworks to address particular vulnerabilities or threats, ensuring the integrity and safety of transactions.

We deliver solutions that operate according to the 5 core principles of blockchain:

Distribution

Participants are connected by a distributed network
Programmes enforce the blockchain's business rules
Nodes store registry copies and update with each new transaction

Encryption

Protecting data with public and private keys
Participants have unique pseudonyms
Only authorized users can access and modify data

Immutability

Records are protected from unauthorised modification
Records are time-stamped
Records are added in chronological order

Tokenisation

Values are converted into tokens
Tokens can represent different types of assets
Tokens can be exchanged

Decentralisation

No single control centre
Confirmation of transactions without intermediaries
Equal rights for all participants

CASE STUDIES

CRYPTOTRADE

Our client, a global leader in social trading, invited us to develop an MVP for a cryptocurrency exchange platform. The collaboration resulted in the engineering of four demo projects. Our team implemented, among others, the "Follow the Trader" feature, which allows users to track and copy the trading strategies of experienced traders. Ultimately, we helped the client build an efficient mechanism for exchanging cryptocurrencies without intermediaries, where users can directly convert cryptocurrencies, ensuring maximum speed and security.

GoneTrippin

The client, a US-based tour planning startup, was working on an ambitious, comprehensive tour creation platform. The client hired our team to develop the MVP on Web, iOS and Android platforms. We prioritised the development of the MVP, taking into account the market and investor requirements. As a result, we delivered the solution, enhanced by analytical tools, blockchain-based security and ability to manage loyalty rewards via immutable transaction ledger.

CONTACT US

Get in touch with us to discuss price for your future project. Use the form below or send us an e-mail to info@computools.com

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Computools was selected through an RFP process. They were shortlisted and selected from between 5 other suppliers. Computools has worked thoroughly and timely to solve all security issues and launch as agreed. Their expertise is impressive.

Mona Madbouly

Global Web Officer at British Council

INDUSTRY: Education Services LOCATION: United Kingdom

The Computools team was very rapidely operational despite the complexity of the situation and the need for the team to adapt to our development methodologies. The Computools team could also work very remotely with very good inter-communication with the SBFinance team ensuring good efficiency despite off-shoring.

Olivier Gazon

Managing Partner at Sustainable Base Finance

INDUSTRY: Banks LOCATION: Belgium

Computools are experts and act professionally, with lots of guidance on technical recommendations and with easy to understand explanations of what the technical choices mean and why one can be a better website than another. As a result, the development was completed on time and exceeded our expectations. The feedback from our customers was very positive and compared to our previous results we doubled our turnover.

Elie Manoukain

PM at Västerort/norrorts Trafikskola AB

INDUSTRY: Ground Transportation LOCATION: Sweden

ABOUT US

Computools shapes the future with products, services and solutions that businesses need to Unlock Tomorrow. We are a global company that delivers on the world-changing ideas that we co-create together with our clients.

Whether we’re designing customer experiences, dealing with our clients or managing our teams, we lead with empathy. Technology is for everyone, not just the geeks. That’s why we focus on using clear, intelligible language, treating every stakeholder with respect and providing support at all stages of development. By starting with a shared understanding of what makes us all human, we’re able to create the favorable conditions necessary to develop our best-in-class solutions.