Here’s our comprehensive analysis…

Potential Problems Due to this Model:

• A considerable amount is unstructured and unactionable in communication
• Lost in Translation
• Chances of Skipping interaction
• Manual digitization by all parties after receiving copies
• Byzantine General Problem (No trust of information)
• Email/Interactions don’t become generally enforceable law.
• Expected time of Delivery and promised quality is compromised due to clear communication.
• Every third party’s company is a black box for the enterprise. It is just based on expensive agreements, and good faith business is running.
• All data and commitment supplied by third parties have financial incentives involved. So the probability of over-committing and under-performing is very high.
• No single version of the truth with internal teams, enterprise level or third-party levels.

Challenges of Adopting Blockchain in Enterprises Data

• Hacking/Phishing Attempts to System and Data
• Encrypted Data might get decrypted after a few years. Due increase in Computing power of solve keys. Quantum computer posses that threat.
• Supply chain stakeholders business data, employee data, and systems are costly. It will have more probability and chances of attack due to cost/benefits from Competitors/Hackers.
• Supply chain stakeholders and ex-Employees can have threats to Blockchain System. Due to consensus and web access during the time of transition. Blocks inside Blockchain are immutable.
• The consistency of System is based on permission and consensus. It is a dynamic model, which can change and evolve in the supply chain network.
• Stores and Brands will have more transparency and information of chain. They might use this information for reducing the profit margin for other stakeholders.
• Planning in every phase should be strong and future ready. Otherwise, it will become obsolete, cumbersome, costly and time consuming to upgrade.
• Upgrades are tough in blockchain. Due to immutability and every new version will have different Data Block Format. It will make the system hard to upgrade over time.
• Fraud/Risk/Push/Gaps exploited by Stakeholders

Few Solutions:

• Selecting Private Blockchain with strong fundamental architecture.
• We will select private blockchain solution which is resilient, data critical for time, no loss to business and trade secret.
• Selection of private blockchain solution should be focused on big three companies. IBM, Microsoft, and Amazon. We need upgrades and security updates.
• Small companies might shut down or have problems in securing the Blockchain database. The process of upgrading is highly required by platform.
  
• Hacking, decryption and security breach should not affect trade secrets.
• A pseudo naming convention for all stakeholders, order ids, item names and details with encryption and permission-based access should be used.
• Consensus Model should be applied for adding, editing and stage crossing blocks. Consensus parties should be decided based on the hierarchy of parties and decision permission for that block.
• Every Consensus Blocks will always be controlled by stakeholders 2-5 employees per Stage. We will not give control to Suppliers to edit expected time Deliver (ETD) without Manufacturer permission or Manufacturer to edit expected time deliver (ETD) without Brand Approval.
  
• Controlling Access, Permission for reading, writing, and editing based on need-to-know and involvement is essential.
• In case of an upgrade, the code should have a version number in each block to understand the algorithm and study those blocks. At a level of inconsistency, we need flags and systems.
• Upgrades will always be deployed at network start genesis chain start level, which is order from store or brand. If there are old orders, which have not reached their conclusion (Delivery). Then those chains will follow old function in data block process flow. (It is a complicated process, and creative ideas are needed.)

  

Supply Chain in 2025:

• Stakeholders have to open data to work with each other. Stakeholders like suppliers, manufacturers, shipping companies, brands, and stores. It will create a chain of trust and confidence to do business together.
  
• Suppliers have to open current raw material and finished good inventory to Manufacturers before purchasing order. It will be based on a need-to-know basis for the manufacturer. The supplier will need bank balance assurance from Manufacturers with all future commitment included.
  
• Manufacturers have to open production line data, human resources data, the condition of human resources, waste management and the actual time of delivery updates at a real time. Manufacturers will need bank balance assurance from brands with all future commitment included.
  
• Shipping companies have to open capability and capacity data for better booking. They have to provide real-time data of ship/air positions to supply chain. Shipping companies will need bank balance assurance from parties.
  
• Brands have to open their purchasing power to make manufacturer assured of payments and faster delivery. They expect same from stores.
  
• Stores have to open data of user behavior with brands in the deeper level like style trail room visits, a style which has more hand touch and sales graph with user profiling. Brands will deliver more information about ad campaign performance, digital eCommerce performance, and planning process.
  
• Once this data will open, and a new consensus model will evolve at every stage. Then smart contracts will start to remodel in the supply chain industry. e.g, If you deliver on this date automatically, payment will be made on this date, and if you delay by one day without approval, 0.1% will be deducted off the invoice amount as penalty.
  
• We will move away from paper contracts, and configurable contracts will evolve in the industry with standard codes. Both parties will verify smart contract code and accept. Once accepted it would be implemented in that stage or at purchasing order.
  
• It has to record a chain of events by a machine to machine, machine to software and software to software interaction. Humans will interact with natural language, and it has to be converted to actionable items, event recording, stage shifting and consent given/not given the model.
  
• Consensus Model will be based on the Byzantine General problem. We need to get consent from parties involved to change stage. It is also based on rights they will have for voting in stage transfer or not. e.g, Change of date for the expected time of delivery cannot be done, supplier. The manufacturer can only do it with internal teams consent.
  

Just Imagine, all this data is shared between companies and third parties with machines, ERP softwares, IoT devices, emails, excels sheets, CCTV and images with a need-to-know basis and preserving trade secrets.
Currently, only blockchain can solve the problem of integrating all this data with consensus between parties and immutability for fraud-proof.

Basic guidelines for Designing

This solution list of the foundation of product development. We have to achieve all the mentioned points in various phases of the project.

• Truth is Key to unlock the potential of organizations
• One version of Truth
  • Truth is defined by the maximum ability to know reality. Rest is subjective truth, stories and the second version of truth.
  • Supplier accepting the expected date of delivery (ETD) should have double confirmation System. So we have a very sure commitment from Suppliers.
  • We should never apply double confirmation for Brand. They are a prime source of truth for Manufacturing companies. Editing of ETD rights should be always allowed to Brand.
• One version of Truth can be derived only by knowing chain of events and consensus of that event with timestamp stored with immutability.
  • Every interaction with stakeholders, internal teams, top management is event. It should be tracked and inserted in chain.
  • Few events will require double confirmation before entering in the chain. As events are immutable. We need them to be double confirmed with the event when the stage is crossed from one set to another. e.g Supplier shipped material from China.
  • Extracting one version of Truth/Chain incase of any conflict with Store/Brand/Manufacturer/Supplier/Internal Team
• Segregation of Information based on necessity.
  • Cost is sensitive data but time is critical performance data, which needs to free flow from Store/Brand/Manufacturer/Supplier/Internal Team.
  • Two level of data encapsulation and security is needed when we will insert supplier, manufacturer, Brand, Shipping and Stores data in Blockchain.
• Non-Sensitive information in Blockchain.
  • We will never insert Encrypted or Unencrypted sensitive information about price/cost in Blockchain. (Cryptography can be broken with Quantum Computer or Future technology or Hacking or Platform Bug of Blockchain. We should never be vulnerable to that hacking in future. It can be cracked after 20 years when technology is ready. It will become an embarrassing situation for stakeholders. Precaution is better with Blockchain)
  • Time ETD is non-sensitive information but within the ecosystem of stakeholders.
• Information Distribution in real time
  • We have only Information Asset within the supply chain network. We need this to free flow for best results. Information like time, raw material, ETD for order and time-sensitive information within the network. ETD and ETA should be strict and enforced across teams and need to know basis.
  • Top management should receive focused information to all stakeholders.
• Alert system for better knowledge and monitoring (Email Focused)
  • Open/Reply/Forwarding Emails from stakeholders as Analytics and Knowledge.
• Agile and Actionable information to find gaps before it is too late.
  • Timeline strict project should have special considerations in System with more strict Alert systems.
  • Stakeholders with track record is important. We can plan penalties for not responding and delaying in system.
  • Department/Head/Employees agility should be tracked and rewarded.
  • Top management should be kept in driving seat rather than receiving information from the hierarchy.
  • Predictive Logic: Foundation of this logic will be written on stakeholders past record of supplied orders. Assuming we have low ranking suppliers (low ranking means delaying inventory suppliers) in particular brands. Then we should focus on them as well as orders.
  • System of every order with supplier/manufacturer past record can give you likelihood of order completion on time. It is probability theorem but effective for triggering danger orders. It will need machine learning on past data and conversation.

Mode of Communication of Stakeholders

Store, Brand, Manufacturer, Supplier, and Shipping companies.

1. Email(Heavy used system with maximum inefficiency)
2. Image Proof/CCTV footage(Applied to all stakeholders.)
3. Excel Sheet (Non-standard Formats and highly different across emails and ecosystem.)
4. RFID(Complicated and different implementation by each stakeholder. Data planning is needed for it.)
5. ERP(Structured Data and System. Sharing them on blockchain will be key.)
6. IOT and Custom Devices(Monitoring, Analysing, Measuring, Access control data can also be inserted in blockchain to derive chain of events.)
7. Open APIs for Shipping companies and other stakeholders (It is entirely dependent on stakeholders implementation. Eg. Fedex Tracking API is easy. But shipping companies is tough.)

Process Flow

1. Order from Brand to Manufacturer
2. Requesting Quote from Suppliers
3. Receiving Quotes
4. Negotiation and discussions for best ETD and Price with Suppliers
5. Suppliers Selection
6. Generating order for each supplier.
7. Account team will create Invoice and send Suppliers.
8. Supplier delivers Quantity and Quality approved raw materials to shipping companies.
9. Shipping received for manufacturing.

Planning Process for development

• Methods for Interaction between stakeholders and departments.
• Trade Secrets outline, what needs to protect in the supply chain. It can be in database list of the supplier, manufacturer, brand owner or store owners. It also includes employees data, email flow, process flow, etc.
• A detailed structure of involved stakeholders, teams, roles, hierarchy structure, user roles, daily interaction and flow of information and data needs to be planned before executing who, Does What, Reports to Whom, Where, When and How. Then teams can create proper roles and data packet they are generating in System.
•  Data Packet Design for Blocks in the chain
• Data Block insertion rights, editing rights, and updates rights.
• Data Block planning, stage segregation systems, Flags from one status to another, highlighting blocks and confirmation of stage crossing.
• Blockchain Nodes for team stage crossing and coloring system with a satisfaction level.
• Consensus between team for crossing stage, creating orders, ETD and actionable buttons will be planned.
• Conflict Data Blocks inside the chain. They need to be highlighted in UI with actions to resolve by consensus with parties involved.
• Screen planning, Tree System planning, Stakeholders wise Access to blocks.
• Alert System configuration based on order, supplier, manufacturer, brands, stores, and shipping companies.
• Security of data and the entire system. We need to write all possible hacks, security threats, access control threats, data stealing within teams, consensus breaking and leakage by stakeholders.
• Planning for double confirmation and blocks, which need them. Generally, it will be used for stage crossing.
• Upgrades for the entire chain. In case of Upgrades, we need to plan for future with Data Blocks, Network, and Process flow.

Example of Data Blocks and Stages.

We are covering a small part of the chain. So we have a better idea chain shape and method. We have taken the process from brand ordering to manufacturer and manufacturing orders to suppliers.

RFID Data in the same Blockchain

We are giving you an example from a Brand perspective. If Brand is giving an order to Manufacturer following data should be added in Blockchain for better tracking and following up with teams.
The small process explained for RFID implementation and data generation:

• Raw Material entry in Production
• Production started
• Finished Production in Factory
• Factory Shipped to Forwarding Warehouses
• Shipments
  •  Shipment to the destination in Direct
  • Shipment to US Warehouses
  • Received in US Warehouses
  • Shipping to Client to Stores
  • Return Shipment

The chain will be having all data blocks coming from RFID devices and stitched to the chain. This information will be provided with a timestamp in it.

Conclusion

We have to understand blockchain from philosophical level during planning and implementation. It is about companies opening up their data to other stakeholders for mutual benefits and automating processes. Many processes and orders are pending and waiting in the long supply chain due to approvals and confusions if we share that information with other stakeholders concerned with it. Then we can have accountability and streamline the process. There should be explicit consensus/agreement between quality, quantity and time between stakeholders in case of any editing in orders. It should be approved by both parties. It can reduce pressure from the supply chain.

“Information collected from various sources should be aligned for knowing one version of truth and transparency in the ecosystem without disturbing trade secrets of each stakeholder.”

Recommended Read: 

• How is Blockchain Disrupting the Supply Chain Industry
• Top 10 Reputable Blockchain Development Companies
• Blockchain Technology Explained: Introduction, Meaning, and Applications
• Blockchain in Healthcare: Opportunities, Challenges, and Applications

The post How Can Blockchain Remodel Supply Chain? A Comprehensive Analysis appeared first on EngineerBabu Blog.

Why is blockchain technology important for your business?

Most of the reputed business companies complain of network downtime, security breaches and large capital investment which they need to host a range of business services and applications. Blockchain technology is one stop destination for all those problems. It provides ultimate solutions for handling the growing demands of your modern business applications. It comes with a bunch of benefits as a decentralized network can help in securing data and managing it efficiently through smart contracts.

How can you select the right blockchain company?

Initially, Blockchain Company was considered to be immensely useful for carrying out cryptocurrency transactions but now it has entered the mainstream market. This has indeed widened its scope of working. In turn, this has resulted in growing demand for blockchain technology. Experienced and reliable blockchain development companies thus come into play for diversifying one’s business prospects.
Various industries like healthcare, banking, food production are now counting upon this new industry for carrying out the processes of their company in a hassle-free manner.
Some of these processes are needed to maintain immutable, risk-free open ledgers which can help a company achieve indefeasible heights. Thus, there is a dire need for choosing the right blockchain company which can handle your requirements in the most efficient manner.
Choosing the right blockchain company can indeed be a tedious task. Therefore, this checklist will help you make the choice in the right direction. Some of the detrimental factors will include the ability to access the services provided, contractual models offered and core areas of expertise to evaluate the right blockchain company for your projects. You cannot compromise on these intricate aspects in order to make a prudent decision.

1. You need to have a thorough knowledge of the technologies your blockchain company is using.

The company you decide to choose should be proficient in Java, Javascript, Python, Perl. These technologies are extremely essential to create blockchain products which include EVM, cryptography, distributed ledgers, IoT, web technologies, data securities, P2P networks and more. The company should hold enough expertise in creating commercially viable blockchains, smart contracts, and related products. 

2. You need to check out the type of blockchain developers in the company.

The company you choose should be well equipped to deal with a range of blockchain technologies. They should be able to bridge up the gap between obsolete and new technology needed to make your business expand.
They also need to hold great expertise in developing the kind of commercial blockchain product you need.  You can evaluate them on various parameters to find out if they are a right fit for your company. There are different approaches which you need to understand to scrutinize whether your chosen blockchain company can build your DLT software or not.
Each of these techniques is different and therefore you need to make a choice according to the requirements of your company. The crux of the matter is that you will have to pick out a blockchain development firm which can develop the DLT software according to your needs

3. You need to identify the type of outsource model you will need for your company.

There are four major types of models which are commonly used which include captive unit model, accelerated BOT, dedicated team and a fixed price model. Choose the model which best matches your budget and needs. This will prevent wastage of your precious time, money and resources. Also, it will prevent inconsequential negative consequences to your business.
Fixed Price Model: It is recommended that you choose a Fixed Price model if you have budgetary constraints. This model won’t allow you to be innovative and make changes according to your accord. The budget is fixed at the initial stage and that leaves no room for changes.
Captive Unit Model: The developer plays a crucial role in training and hiring the R & D team. It is also responsible for looking after the financial, administrative, legal and personal aspects of your team. It allows you to regulate the salaries and direct the team in this model. This is chosen by those companies who are looking out to build their corporate presence.
Dedicated Team:  You should consider working under this model when you have a series of projects in hand and you want developers to work on them in a unique manner. The team will possess the appropriate skill set and knowledge to handle your projects efficiently.
BOT: When you plan to establish your business in a remote location, then creating an R&D team is advisable. For adding blockchain to different verticals, you will need to identify R & D infrastructure according to your preferences and requirements. BOT model (Accelerated Build Operate Transfer) is indeed the best choice in these cases.
Thus, blockchain technology is making a mark in a range of industries from retail to ‘Fintech’ and health care services need it for carrying out processes, storing data and more. Hence, blockchain development services are becoming indispensable for businesses. All you need to do is choose a team of dedicated experts who can help you in your given budget.
Top Reputable Blockchain Development Companies For Your Business:

#1 EngineerBabu

EngineerBabu is responsible for implementing, supporting and designing a distributed blockchain based network. Their enthusiastic and hard-working team of developers is responsible for analyzing the requirements of the client and designing blockchain technology around a certain business model and building and launching a blockchain network.
What makes them stand a class apart from the thousand others in the competitive market is their dedication to deliver the best according to the business needs and requirements. They have worked rigorously with companies like Universalcoin wherein the UNV token was redeveloped by them. They also worked on intricate projects with Auscoin.
Some of their areas of excellence are developing smart contracts proficiently, integrating ERC20 tokens into the marketplaces, extensive knowledge of writing complex codes like Javascript, React and web3, working with distributed ledgers, NoSQL and SQL data, building APIs, finding unique solutions to different business problems and satisfying the needs of the clients in the best possible manner. You can have a look at their portfolio here. 

#2 Altoros

Founded in 2001 in Sunnyvale, Altoros is best known for satisfying the requirements of the clients in the best possible way. This global IT consultancy company lies in the heart of silicon valley and has its offices in Switzerland, Norway, Denmark, and the UK. With over 300 employees, Altoros works for enterprises by deploying cloud and software solutions of the Cloud Foundry ecosystem. Their areas of proficiency include big data, AI, blockchain technology and cloud consulting.
They follow a streamlined process wherein they help enterprises to start off their blockchain journey by evaluating various aspects of blockchain which can help the company in a particular case. It also helps in removing technology and business related constraints on the way. Operating in a decentralized, distributed and secure framework, Altoros can help you in speeding up processes, lowering costs and building a new level of trust while carrying out business transactions by ensuring security and auditing along the way.
Apart from that, Altoros helps organizations to enhance existing workflows, achieve transparency, enhanced customer experience and more. Some of the fields in which they have already penetrated include finance, manufacturing, insurance, telecommunication, supply chain management, and energy. Collaborating with Altoros will help you in an easy implementation of ideas and thus improving your revenue and sales by manifold.
They make use of tried and tested blockchain approaches and mature blockchain frameworks to offer personalized solutions for your services. Their team of experts will guide you regarding the feasibility of the project, the chances of its success and create a delivery strategy with minimum time to market. At Altoros, developers are respectful in helping you meet deadlines within a stipulated time and budget while ensuring product’s excellence. Their dedicated team can assist you in developing innovative solutions as per the demands of end users.

#3 LeewayHertz

LeewayHertz has worked with a range of medium and large-sized enterprises like Identity Solution, Utility Bill Generation, and Global Supply Chain. This company was founded in 2007 and is headquartered in San Francisco, USA. What makes them stand out in the crowd among hundreds of other blockchain technology provider services is their dedication to deliver the best for every project.
They have about ten years of experience wherein they have played an instrumental role in building more than 100 enterprise-grade digital platforms. Some of the languages in which they specialize include node.js, go and solidity. Also, they specialize in developing blockchain applications namely Corda, Ethereum, Hyperledger, and Hashgraph.
They are known for providing efficient services in a hassle-free manner. With a deep understanding of IoT, AI and cloud services, they can build apps to bring transparency, establish trust and reliability in a business process. If you want to grow your business exponentially then you can trust LeewayHertz.
They can transform the workings of your business by bringing domain expertise, speed and flexibility in your day to day processes. All you need to do is book an appointment with their experts in order to get an in-depth idea for your project deployment and development.
A mix and match of blockchain strategies can help you reach ultimate business goals. The blockchain technologies used are completely safe and secure. Some of these are :

• Ethereum: A decentralized public platform that is known to run apps.
• Hyperledger: A provisioned private network meant to share data and process for various medium and large sized enterprises.
• R3Corda: A one-stop solution for managing financial agreements.
• Hashgraph: Fast, Fair and most secured acrylic graph DLT.

They follow a simple process in order to keep pace with your requirements and changing trends of the industry.

• Brainstorm idea and business requirements.
• Identify any existing system migration to Distributed Ledger.
• Prioritize use cases in “ MVP” “Fail fast” and “v2.0”.
• Define off chain & on chain business entities.
• Define technical components.
• Roadmap of the product.

Some of these areas of expertise include managing demands of logistics and pharmaceutical supply chain effectively. Freight tracking allows logistics companies, brokers, carriers and shippers to easily track the shipments in real time.
The platform can easily handle transactions to ensure fast shipments without any frauds and delays. Similarly, it allows tracking the movement of drugs to the end customer from the manufacturer at a global level.  
It also helps eliminate paperwork by easily capturing records from every location to the chain. This helps to maintain trust between all the associated parties. It can also prevent any counterfeit and smooth process.

#4 Treehouse Technology Group

Treehouse Technology Group possesses a team of skilled and knowledgeable experts who aim at revolutionizing the workings of blockchain industry. It was founded in 2014 in Boston. They support thousands of users from Fortune 100 companies to startups by developing reliable and secure contracts using Ethereum, Solidity, and Proof of Stake Algorithm.
They offer a wide range of token services to companies at any stage of development. They offer intricate knowledge of various technological projects in alignment with the company’s services. They are proficient in security, auditing, and consultation services in compliance with ERC-20 token standards. They also specialize in running automated and manual tests, document results and creating test cases.
They also make use of smart contracts which are a set of terms programmed on top of Blockchain which is self-executable when all the predetermined conditions are met. Basically, they are used to automate different processes, operations and procedures across multiple industries from accounting and IT to finance and healthcare. Smart contracts eliminate the need for any third-party agent. This prevents time and money and thus maximizing security and accuracy.

#5 openGeekslab

Founded in the year 2015 in Ukraine, openGeekslab is a reliable blockchain development company. They hold expertise in delivering ICO development services for various sectors. What makes them stand out in the crowd is their dedication to successfully launch ICO campaigns from token design and smart contract to ICO platform hosting and landing page design. Some of their areas of expertise include crypto wallets, Hyperledger Fabric, smart contracts, solidity, blockchain development and more.
The creators are well equipped to build secure products for your company according to your business goals, preferences, needs and budget. You don’t need to burn a big hole in your pocket in order to make your projects a success with them. They also provide technical solutions for various fields like eCommerce, entertainment, healthcare, enterprise management.

#6 Appinventiv

Founded in 2014 in New York, Appinventiv made a mark in the competitive market within a few years of its establishment. Their young and agile team is committed to providing a great range of blockchain services to its customers. Some of their areas of excellence include initial coin offering, smart contract, cryptocurrencies, bitcoin, ethereum, tech audit and IoT in the blockchain.
Their sole aim is to help businesses achieve indefeasible feats with blockchain app development. Blockchain technology has been revolutionizing the way businesses are changing their work model. Nowadays integrating blockchain in business processes is extremely essential for the growth of a company.
They hold expertise in cryptocurrencies,  development of a smart contract and auditing the processes before they go live on an unaltered system. They also provide valuable advice to startups who are thinking to raise an ICO.  Our team of blockchain marketers, designers and developers know how to employ the tools to help you work in a decentralized ecosystem.
Here are some of the USPs of their blockchain based apps :

• Transparency: All nodes in a blockchain have real-time access into all transactions in the chain. No hassle of hunting for reports in different formats at different times from different sources.
• Trust: It is a well-known fact that all participants in a blockchain have to authorize the transactions occurring in the chain, as these applications build greater trust with customers leading to increased sales and enhanced client satisfaction.
• Resilience: Longer the blockchain, more resilient its transactions and more robust is its architecture. Hugely repeated database on multiple computers doesn’t allow malpractices such as interception and hacking.
• Efficiency: The logic of smart contracts results in speed acceleration and error reduction of transactions fewer intermediaries and distributed ledger system enables lower processing fees and quick transactions.

Some of their blockchain development services include :

• Smart Contracts Development and Audit: One of the most important parts of our Blockchain App Development Offerings is the creation of blockchain contracts to safeguard your transactions in the platform. We also ensure that your smart contract code is perfect before they get updated in the blockchain and become irrevocable.
• Hyperledger: Using Hyperledger, we enable organizations to create robust, industry specified dApps, platforms, and the hardware systems that support their individual business transaction.
• Wallet Development: We Create Crypto Wallet dApps that can hold hundreds of digital currencies, which are packaged in marked sections that entail the information related to your Wallet Balance and the Details of Previous Purchases.
• Crypto exchange development: Bringing Buying and Selling of Cryptocurrencies to Android and iOS.
• ICO: Redefining Your Fundraising Strategy to Greater Profits Through Our ICO Services.
• Ethereum Applications: Enhancing businesses by bringing them on a platform that is cryptographically secure, tamper-proof, and decentralized. We run smart contracts that have no downtime, are free of censorship, third party interference, and fraud.
• Supply blockchain development: Crystallise supply chain economics using blockchain technology. We integrate efficient inventory management and transparent transaction rosters that benefit all participants.
• Blockchain in IoT: Combining the Two Transformative Technologies – IoT and Blockchain – we make the Whole Ecosystem in Which Our Users Operate Connected and Securely Decentralized.

Their team of Blockchain App Developers knows how to create different types of Cryptocurrency Wallets which are used for Recording, Storing and Transacting in demand transformative currency. The Wallet types they have the development expertise of:

• Paper
• Mobile
• Web
• Desktop
• Hardware
• Bank
• Physical Bitcoin
• Some of the major highlights of this company include :
• Team Of Skilled Blockchain Experts
• In-Depth Understanding of the Industry’s Technology Stack
• Multi-Layer Security Features
• 20+ Blockchain dApps Developed and Deployed

#7 ABES Lab

ABES was founded in the year 2017 in Philadelphia and is a dedicated lab of R & D experts for blockchain technologies for a software development company Aplana Software Inc. It offers a full range of services which include architecture design, blockchain consulting, support and maintenance, services and applications development and smart contracts.
The company is focusing on implementation and research of innovative solutions related to blockchain technology for customers all over the world. Blockchain technology is extremely useful for digital supply chain management, sourcing and tendering, contracts management and execution, payments inside the ecosystem of suppliers and partners.
ABES experts can handle the intricacies of the blockchain projects very well and offer them a solution according to their requirements. In short, they can play an instrumental role in driving your business to achieve great heights by making your business processes even more effective.
They also aim at transforming contract management process to a fully automated process of easy approval, execution, creation, and tracking. It no longer involves time-consuming manual work and eases out the entire process of business workings.
Some of their other areas of expertise include creating DApps, Hyperledger, Solidity, Ethereum when it comes to the blockchain. Apart from that, they also provide solutions which can help you digitally plan your business processes in a systematic manner.

#8 ArcTouch

Founded in 2008 in San Fransisco, ArcTouch is a renowned blockchain development company which has achieved indefeasible feats in the competitive market. It has helped companies transform the way their business processes function. They believe in following a three-step approach when it comes to transforming your business through blockchain. These steps include:

• Strategy: From carrying out the ideation sessions to looking out for a range of blockchain business strategies, this company is one stop solution for your requirements.  They also conduct intensive technology workshops to help you with your business. 
• Architecture: Their expert blockchain team helps you to design secure and scalable blockchain solutions to improvise the workings of your processes. In addition to that, they also hold immense experience in delivering the best according to client requirements.
• Implementation: Last but not the least, they also ensure that you achieve operationally and implementation success from scalable commercial deployments to ICOs.

ArcTouch’s technical experience includes working with:

• Blockchain-as-a-service (BaaS) platforms from AWS, Microsoft, and IBM
• Leading blockchain platforms like Stellar, Ethereum, Hyperledger and BigChain
• Wallet, MetaMask, Geth node, Remix, Truffle, and TestRPC, to build and test  highly responsive blockchain apps
• Smart contract languages such as TestRPC and Solidity, Truffle framework

ArcTouch provides a range of blockchain services which include :

• Easily implementing blockchain based prototypes
• Developing DApps on top blockchain platforms
• Evaluating private blockchain networks for experimentation and development
• Implementing and creating smart contracts

#9 Chain

Founded in 2014 in San Francisco, this blockchain company has excelled in numerous fields of blockchain technology. It enables organizations to build a solid ground for financial services. They can securely manage your financial assets in a token format on private ledgers and transfer them across public networks.
They hold a tremendous potential of working with a range of financial sector companies. Their loyal partner list includes Citigroup, Nasdaq, Visa, Capital One, Fiserv, Orange and such numerous startups.
The ledger-as-a-service is used for secure token transactions and works for both public and private networks. Some of their other areas of specialization are ledger technology, payment systems, cryptography, blockchain development and distributed systems.

#10 ChromaWay

Founded in 2014 in Stockholm, ChromaWay experts are working with a range of renowned real estate companies, financial institutions, and government agencies to provide them with smart contract solutions. Their ultimate focus is on blockchain as a database. Therefore, they introduced ‘Postchain’ also known as a consortium database, as a distributed database management tool. They basically work closely with real estate and finance companies.
Apart from that, they have recently created SofiWay which has improved the payment gateway between individuals with its extensible and flexible architecture. It is basically designed to support the development of an e-currency project namely E-krona.
They started when their founder Alex Mizrahi developed colored coins which revolutionized the use of blockchain technology for asset transfers. They have been pioneering the blockchain industry since then. They believe that blockchain can do wonders by fulfilling the longevity and scalability requirements of an enterprise.
With multitude options at your disposal, choosing your best blockchain development service company shouldn’t be a problem. Now that you have a fair idea about some of the services which can help your business grow exponentially, it should be easy for you to make up your mind.
The things you should be focusing on should be the areas of expertise and pricing of the company you choose to associate with. Not every company in the market can meet up to your expectations; therefore you need to be careful while making a decision. After all, it should be worth every penny you plan to spend.
Trust me, if you know exactly what you want, then choosing the right blockchain development company wouldn’t be a problem.

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