What is blockchain?
Blockchain is the most secure way to facilitate online transactions. This is because it uses what’s referred to as a distributed network which has complexities a traditional network does not. These complexities lead to different strengths and weaknesses in a blockchain application (called a Dapp, or Distributed Application).
We see blockchain as the first step into the future of distributed networks. There is efficiency in the proof, the security, the time and the cost of transactions. Though there are still many issues with distributed networks, the benefits already outweigh the inconveniences, which are being improved upon daily.
Make sure you educate yourself before making a decision about cryptocurrency and blockchain technology. Our talent survived the .com bubble and sold an international internet company for 60 million whose technology is still being used today. We’ve been around the block(chain) a couple ‘a times.
BlockchainHow do you use it?
DappsApplications that use BlockChain technology are called Distributed Applications, or Dapps
CryptocurrencyWhat is it used for?
TransactionsCryptocurrency is how BlockChain creates and measures transactions. These cryptocurrencies come in the form of digital tokens and can be exchanged for some established currencies.
MiningBitcoin and Ethereum
Mining AlgorithmsBlockChain transactions can take up a lot of energy. They use banks of computers, generally server farms, to complete all of the equations (algorithms) needed to keep the transactions secure.
Avada’s Other Services
After developing one of the first LMS (eLearning Management Systems) in 1995, helping create the IoT (Internet of Things) in 2006, and writing a book on marketing automation in 2017, our CTO Steve Thomas has decided to take on the challenge of BlockChain.
Our technology department boasts knowledge of over 60 languages. We have been developing web-technology from the ground up for 22 years. We started developing Dapps in December of 2017 and have since been commissioned to create a private DApp for a global freight forwarding and commodity brokerage service, PCMS. We are also on the Advisory Board for 10XTS, a regulatory-compliant BlockChain Dapp being developed on a secure multi-industry international document transfer and compliance system.
We help companies make the difficult decision of if and how they should pursue blockchain technology. Though some technology has the potential to be industry-disrupting, much of the investment in the technology may go down the drain. Don’t left soaking wet when the bubble pops.
Why Choose Us
- We have been developing web-tech since the inception of the internet in 1994
- BlockChain and Cryptocurrency are the newest technologies, so we’ve found a natural fit in the industry
- Our comfort zone is solving complex technical challenges with ground-breaking solutions
- We get it done.
What Client’s Say
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