What are the steps to develop a blockchain system?

Blockchain is an inflexible chain of records called ‘blocks’ that contains deals, data, and files.

Blockchain development process

⦁ Identify problem and aim

⦁ Identify blockchain platform

⦁ Blockchain Ideation

⦁ Building APIs

Identify the problem and aim

Make sure investing time and works in the blockchain would profit your business capabilities or not. You can also resettle your current operation to the blockchain network without erecting it from scrape.

Identify a blockchain use-case for your operation and insure if your idea requires blockchain or not.

Image source: Google

Identify the suitable blockchain platform

There are numerous blockchain platforms out there now and most of them are free and open source.

Some of the popular platforms are:

Corda

Ethereum

Hyperledger Fabric

Quorum

Stellar

Blockchain Ideation

The primary deliverable of blockchain creativity is to design an abstract workflow and blockchain model of the application. Decide if the operation needs to be erected within the permissioned network or permissionless network.

Building the APIs

Some blockchain platforms approach pre-made APIs while some don’t. The major orders of APIs that you would require are for

⦁ Generating key pairs and addresses

⦁ Data authentication throughout digital signatures and hashes

⦁ Performing audit-related functions

⦁ Smart contracts

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