Blockchain is changing the way the world lives and works but it’s only a means to an end, not the end itself. We can help you apply this technology to drive your transformation into the future.
Softlabx starts with an understanding of your specific aspirations, followed by a practical application of blockchain innovation. The conversation grows as new opportunities come to light along the way.
As the leading independent technology organization, we integrate alliances, partnerships, and leaders from every aspect of the blockchain ecosystem. The goal? To bring the right combination of capabilities to your unique infrastructure, challenges, and strategic vision.
How we Softlabx work?
Each blockchain journey is unique but may follow similar steps.
We’ll assess your goals and evaluate blockchain’s applicability and business impact to help you define and prioritize your transformation.
Hands-on training & rapid prototyping
Technology leadership workshops and training upskill your team while working side-by-side with experts in rapid blockchain development environments.
Holistic solution design encompasses people, processes, operating models,s and technology to maximize your transformation across your business.
Build & implementation
Complex implementation management, third-party integration, and custom coding assures each solution fits within existing systems to meet future demand.
Assets & solutions
Proprietary software add-ons, such as redaction, key management, and hardware security modules, give you greater control and customization.
Stay focused on the bigger picture while we handle the operation of your new blockchain networks and ecosystems using our proven functional expertise.
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Why to Work With Us
We understand the design requirements of the internet ecosystem and our prosecution is largely professional. Our platoon is largely flexible that takes your requirements into consideration and designs results that fit your hand in glove. Having worked with global brands of different nature we’ve a robust exploration platoon to gather marketing intel before we do. We know just what you need to be the coming unicorn.
Top most popular FAQs about Blockchain
What is a blockchain?
A blockchain is a distributed, cryptographically-secure database structure that allows network participants to establish a trusted and immutable record of transactional data without the need for intermediaries. A blockchain can execute a variety of functions beyond transaction settlement, such as smart contracts. Smart contracts are digital agreements that are embedded in code and that can have limitless formats and conditions. Blockchains have proven themselves as superior solutions for securely coordinating data, but they are capable of much more, including tokenization, incentive design, attack resistance, and reducing counterparty risk. The very first blockchain was the bitcoin blockchain, which itself was a culmination of over a century of advancements in cryptography and database technology.
What is a blockchain database?
Historically, databases have incorporated a centralized client-server architecture, in which a sole authority controls the central server. This design means that data security, alteration, and deletion rests with a single point of failure. The decentralized architecture of blockchain databases emerged as a solution for many of the weaknesses of centralized database architecture. A blockchain network consists of a large number of distributed nodes––voluntary participants who must reach consensus and maintain a single transactional record together.
How does blockchain work?
When a digital transaction occurs in a blockchain network, it is grouped together in a cryptographically-secure “block” with other transactions that have occurred in the same time frame. The block is then broadcast to the network. A blockchain network is comprised of nodes or participants who validate and relay transaction information. The block of transactions is verified by participants called miners, who use computing power to solve a cryptographic puzzle and validate the block of transactions. The first miner to solve and validate the block is rewarded. Each verified block is connected to the previously verified block, creating a chain of blocks. One important cryptographic underpinning of blockchains is the hash function. Hashing assigns a fixed value to a string that is inputted into the system. Blockchain hashing power results in a deterministic, quickly-computable, and preimage-resistant system. Explore our knowledge base to learn more about how a blockchain works.
What are the benefits of blockchain technology?
Blockchain technology has a wide variety of benefits, for both global enterprises and local communities. The most commonly cited benefits of a blockchain are trusted data coordination, attack resistance, shared-it infrastructure, tokenization, and built-in incentivization.
What is block time?
Depending upon how a particular blockchain protocol was developed, the time that it takes for a block to be added to the canonical chain can vary widely. A blockchain is a linear construct in that every new block occurs at a later time than the one that preceded it and cannot be undone. A blockchain’s linearity serves as an ideal form of validation. According to ethstats.Io as of July 2019, for the Ethereum blockchain, new blocks are added approximately every 14 seconds.
What is blockchain software?
Blockchain software is like any other software. The first of its kind was bitcoin, which was released as open-source software, making it available to anyone to use or change. There are a wide variety of efforts across the blockchain ecosystem to improve upon bitcoin’s original software. Ethereum has its own open-source blockchain software. Some blockchain software is proprietary and not available to the public.
What is a blockchain system?
A blockchain system refers to all the aspects and features that go into a particular blockchain, everything from the consensus algorithm to the state machine to cryptographic functions. Qualifiers “help us understand the characteristics of the blockchain in question, such as open, public, decentralized, neutral, and censorship-resistant.”
What is a blockchain application?
Blockchain applications are comparable to conventional software applications, except they implement a decentralized architecture and crypto-economic systems to increase security, foster trust, tokenize assets, and design new network incentives. Here are over 90 Ethereum apps that are currently being used across the Ethereum blockchain ecosystem, from prediction markets to smart legal agreements.
What is a block in a blockchain?
The “block” in a blockchain refers to a block of transactions that have been broadcast to the network. The “chain” refers to a string of these blocks. When a new block of transactions is validated by the network, it is attached to the end of an existing chain. This chain of blocks is an ever-growing ledger of transactions that the network has validated. We call this single, agreed-upon history of transactions a blockchain. Only one block can exist at a given chain height. There are several ways to add new blocks to an existing chain. These are often termed “proofs,” I.E. Proof of work (pow), proof of stake (pos), and proof of authority (poa). All involve cryptographic algorithms with varying degrees of complexity.
What is a private blockchain?
Blockchains began as open-source, public efforts. Private blockchains were developed as corporations and other administrative bodies began to realize the benefits of distributed ledger technology, particularly within systems of a private enterprise and when managing sensitive transaction data. With increasingly robust and modular privacy and permissioning solutions, industry experts anticipate that private and public blockchain networks will converge.
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