Common Blockchain terms that you should know about

Blockchain is represents a new standard about the way information is shared.

With blockchain's growing importance, global companies are focusing on figuring out how they can utilize the distributed ledger technology for their benefit and advantage. A significant number of companies worldwide have started to roll out distinctive pilot programs as well as real-world projects spanning a broad variety of industries, which includes healthcare, financial services, global shipping, and mobile payments.

Suffice it to say that blockchain is likely to become an integral part of at least business to begin with. This, in turn, makes it important for people to be familiar with the technology as well as certain terms that can help ensure that they aren't caught unaware in a discussion centered on blockchain.

Here's a list and explanation of a handful of important blockchain terms:

a. Bitcoin: Created in 2009, it is a widely popular cryptocurrency, based on the ideas described in a white paper by Satoshi Nakamoto. Unlike government-issued currencies, it is operated by a decentralized authority and offers lower transaction fees as compared to conventional online payment systems.

b. Addresses i.e. cryptocurrency addresses: Typically, a string of alphanumeric characters or a scannable QR code, these are used to receive and send transactions on the network.

c. Attestation Ledgers: They are distributed ledgers that offer an abiding record of commitments, statements, or agreements, thus delivering evidence i.e. attestation that these commitments, statements, or agreements were indeed made.

d. Block height: It alludes to the number of blocks linked together in the blockchain, e.g. Height 0, also referred to as the Genesis Block, will be the first block.

e. Cipher: It is the algorithm that is used to encrypt and/or decrypt information.

f. Distributed ledgers: They are a kind of database that span multiple countries, institutions, or sites wherein records are stored one after the other in a sustained ledger. Depending on who is given the permission to view it, distributed ledger data can be either permissioned or un-permissioned.

g. Node: It is essentially any computer that connects to the blockchain network. And a node that completely implements all the rules of the blockchain is called a full node.

h. Multi-signature addresses: They enable multiple parties to need more than just one key to authorize a transaction and proffer an enhanced resistance to theft. The requisite number of signatures is agreed upon during the creation of the address.

Blockchain: Use cases

Thanks to the ingenuity proffered by blockchain technology, people and companies across the world continue to seek novel ways to administer it to essentially any requirement that needs a reliable record. Blockchain has already changed a variety of things in the world. To begin with, it has practically empowered people with the power of cryptography. It has also become the centre of much hype, which is most likely a result of possible unique applications of blockchain technology.

Here are some blockchain use cases to demonstrate the potential of this technology:

 

1. Smart Contracts: They are legally-binding digitized, programmable contracts entered on the blockchain. Developers administer legal contracts as variables and statements that can release of funds using the bitcoin network as a third party executor instead of relying on a single central authority.

2. Digital identity: The annual costs for digital security run in the billions, but blockchain technologies offer the scope to turn things around by making tracking and managing digital identities efficient as well as secure, thus reducing fraud.

3. Distributed Cloud Storage: Blockchain data storage is poised to become a major disruptor in a matter of years. With Blockchain, cloud storage can become decentralized, thus enhancing security and reducing dependency.

Read Also: 

Blockchain : An Introduction  

How are payments transferred in Blockchain? 

Contact us - contact@craterzone.com

Benefits of Outsourced Product Development in India

Outsourced product development is the new thing. Relying on old fashioned software vendors is old news. Outsourced product development is the only option that maximum organizations opt for these days. Maintaining a steady pace in the market is important to fight your competitors and this is what outsourced product development gives your organization.

Nowadays, organizations don't have to hunt for talented people to work for them. They can simply outsource their work and get the best results from experts across the globe. Outsourcing was never this favored.

It was considered as monotonous and believed to lack innovation. The backdrop of the business world is changing rapidly; there is a want for new technologies and innovation. Here are the top three reasons that support outsourced product development as the best approach.

Expert Solutions

Outsourcing provides your organization with need expert solutions that you can receive from either an in- depth knowledge of the future market demands or experts from all domains. It prevents any sudden market tide from hampering your business. It’s global resource pool helps you in choosing the right expertise that your product needs.

Added Resources

• Outsourcing your work gives you more resources, which will work with only on one project at a time. This increases an organization’s development capabilities, quick production time, minimum risks, and low costs. Additionally, outsourcing also provides external resources to an organization’s project.

Though, opting for external resources can boost your organization’s performance you still need to be cautious and choose the right team to work for you.Adding external resources, gives time for the in-house resources to focus on other crucial matters without having to overload themselves with numerous tasks.

Cost Involved

Outsourcing is popular due to the low costs that are involved. Starting a new project will requires considering various things such as salary of the resources, office expenses, human resource management, and the risks involved. Outsourced product development saves on expenditure here. Other advantages apart from the cost benefits are as follows:

· Introducing new processes for better project management

· Performing quality reviews for the software development life cycle

· Understanding the basic practices of the industry

Once, you have focused on the outsourcing front, you need to focus on the second important aspect, outsourcing your work to the best team. 

Outsourced product development is not only about transferring your work to some other destination for a lower price. It is about getting the best business for your organization by working with the global talent pool. Once you get experts to work for you, you will understand the amount of potential outsourced product development holds.

Benefits of an Offshore Development Centre

Offshore development is a form of Outsourcing. Now, you might say 'Why Outsource' but in keeping with the latest market trends, the question you should ask is 'Why not outsource'. It is an open secret today that outsourcing works great for both big and small businesses alike. Outsourcing your work to a company, especially an IT Outsourcing Company, has become a trend and it is a tried-and-tested model today. It is now recognized as a long term competitive strategy for success and profits.

As mentioned earlier, Offshore Development is a from of Outsourcing, that deals Offshore Software Development, that is development of a software project in some foreign country. Basically the centre where Offshore Outsourcing happens is called an Offshore Development Centre. Given below are benefits of an Offshore Development Centre.

1. These days, hiring qualified IT professionals can leave a huge dent in your budget. However, the salaries of IT professionals in countries such as India is comparatively lesser than their counterparts in the US and other developed countries.
2. Outsourcing can give you the opportunity to have access to the best possible technology and skilled manpower. It is an open secret that countries such as India produce a large number of qualified IT professionals who are extremely skilled at what they do. Moreover, Indian Outsourcing Companies also have a highly diversified set of professionals in their payroll. Moreover, offshore outsourcing companies focus heavily on innovation, quality and are continuously on a lookout for improvement. Thus, you stand in a chance to get strong expertise  with highly experienced team of experienced professionals if you hire them.
3. Offshore Development Centre:operate at high levels of efficiency, and reliability. You can get access to quality processes operating at the highest possible software development quality. This ensures minimum error rate and rework.
4. Hiring an offshore outsourcing company can ensure that you already have access to an already functioning infrastructure provided by any Offshore Development Centre to start your projects. This considerably, shortens project start-up time span.
5. Involvement of many skilled professionals and teams greatly reduces the risk of project failures. This provides significant advantage when managing service level agreements.
6. As work allocation happens at a different location and task accomplishment happens at different location, the time ideally taken for development reduces considerably.
7. No extra or new infrastructure is needed to complete your projects. As mentioned above, Offshore Development Centre come equipped with all the basic infrastructure and hence you can just go ahead and start your project without having the need to develop any other infrastructure.
8. One can get high quality work from the skilled offshore team, without much training. In case, you are not satisfied with the work done on your project, you can always ask the work to redone, without incurring additional costs.

Craterzone IT Services – Mobility Solutions & Software Development, IT outsourcing & Staff Augmentation

MOBILITY SOLUTIONS:We at craterzone articulate your dreams into reality through the expertise of our exepctional task force. As the adepts of mobile technology, we try to convert the human innovativeness into their desired mobile application.We specialize in the creation process for all the mobile platforms whether it an android related application or is based on windows and IOS platforms, we can make all your mobility ideas come true.

OFFSHORE OUTSOURCING:We at craterzone provide our clients with the most efficient personnel who are equipped with the sound technical knowledge, through our outsourcing management and IT consultation we provide our clientele with an cutting edge, our army of IT experts provides the solution to all the problems persists from our clients side. We have trained our people to work under high pressure environment, to thrive for success and at the same time to practise the effective cost reduction techniques through which we can present our clients with desired outcomes.

Custom SOFTWARE DEVELOPMENT:We believe in you wish, we create approach. At craterzone we have the personnel with utmost quality of software developers who can create what you desire or can rejuvenate any software product which has lost its relevance. Our experts possess the ability of converting your thoughts into reality through thorough research and effective technical armaments.

CLOUD COMPUTING:Transition from taditional modes of data managing to the most efficient and secure way of data handling is what we try to provide our clients with. As the adept in cloud computing consultation craterzone caters the need of the clients and provide them with the cost and time effective way of smart data management.

TESTING SERVICES:Effecient and smarrt functioning of a product is as important as its development, and because of this we at craterzone test of products from one end to another so that smooth execution and performance of the product can be achieved and desired business value can be delivered to the client. During the hours of testing we try to get our products in sync with the latest technological updates so that minimum cost and maximum result can be attained.

DESIGN SERVICES:We are perceived as we present ourselves and keeping this personality assessment criterion in mind, at craterzone we focus on friendly user interface with effective web designing notion. Our sole objective is to design the product in a way that it can showcase the brand identity with the hundred percent user satisfaction through the expertise of our consultants.

DIGITAL MARKETING:We as the new media marketing consultants provide our clients with the big picture of the benefits which can be attained by digital marketing. We cater our clients needs with the utmost efficiency through our expertise in digital marketing campaigns. Our people are well versed with the various mobility platforms and have an upper hand when it comes to social media handling. Search engine optimization experts and content analytical tools helps our clientele getting the desired results.Through our effective measures our clients gets better return on investments through the practise of cost reduction policy and efficient way of targeting the niche.

Offshore outsourcing, a phenomenon that changed the face of IT industry

Offshore outsourcing, a phenomenon that changed the face of IT industry, can be understood as the practice which involves organizations of two different planes to come together for better technological interactions. In other words, Off-shore outsourcing is practiced by giant organizations of developed countries to get their work done feasibly and for this they hire firms residing in other countries.

Craterzone an emerging star of It consulting, proves the concept of Offshore outsourcing to be a blessing in disguise. With a workforce full of impeccable talent and adept personnel, Craterzone has proved its metal in the field of Information technology. Fortune 500 to new start-ups, we support and cater all their needs.

7 years of Industrial expertise in managing international businesses is something which makes Craterzone a class apart from it's competitors.

Benefits of having Craterzone:

1. Thorough Research: At Craterzone, product development is considered with best Development Technology. Our experts exert themselves day and night to develop a deliverable of your choice. You have a vision, we convert it into reality. Our talented product developers do extensive research so that the product, which is to be developed, can meet the expectations you have.
   
2. Product Development Centre: We are not mere developers, we re artists. Everything we do is a work of art. Our clients believe in us because we develop world class products with state-of-art technology. Quality assurance and timely deliver-ability is makes us a class apart. We customize software and develop deliverable for computers as well as for mobile devices. Mobile application development is our area of expertise. We develop applications for devices running on IOS, Android and Windows platform.

Craterzone marks a new era in the field of Information Technology. Integration of advanced technology with dedicated expertise makes our deliverable, a product to count upon .

Offshore outsourcing | Offshore Development centre |  Outsource product development.

Building Great Products-The New Way

Today, companies that can bring a perfected product to market the quickest are the winners. Old fashioned product development paradigms are pass. Outsourced Product Development is at the centre of this trend that has taken the software development world by storm.

The way outsourced product development works is that, instead of going about developing a product from scratch, including all the costly overheads of gathering expertise, human resources management, and risks taking, an organization simply outsources the development of the product to a third-party provider which specializes in undertaking such projects.

By focusing on shifting of development centers from in-house to off-shore locations, outsourced product development results in a reduction of operating expenses, boosts the bottom line, and makes resources available to enable you to focus on your core areas of strength.

However, there are certain prerequisites that should be met in order for an organization to fully reap the benefits of the new paradigm.

•   When available resources are not sufficient for effective software development.
•   When there is a need for reducing the product life-cycle.
•  If in-house expertise is not available, and the hiring of such expertise would escalate costs to beyond-planned levels.
• When you need to cut costs.

If your organization meets these prerequisites then it can certainly benefit from taking advantage of the new business model.

There are a few considerations that should be examined before outsourcing is adopted. Does the team understand your objectives and goals? A definite alignment of objectives and goals is vital for the successful development of any product, and especially one that is being developed by a third party.

Do you have a checks and measures and feedback system in place to ensure that what you get is exactly what you wanted? It is very important to have a feedback and assessment system in place to develop the exact product that is desired.

Finally, which product should you opt to develop first? Ideally at the start of a relationship it is good to go in for development of smaller products with short timelines, and as the relationship evolves meeting trust, expectations, and feedback requirements, larger products can be developed.

Successful outsourced product development depends upon close interaction, communication, and feedback between the crucial decision makers, specially business managers, engineers, and business owners.

The extensive logistical and interpersonal skills and resources available with us ensure that all prerequisites for a successful delivery of the product are already in place. Added to this, the deep, multi-tiered expertise of in-house engineers ensures that every aspect of utilization of cutting-edge tools and techniques is considered and implemented for the development of your products. Once you get our engineers working on your product, you will understand the amount of potential that outsourcing holds for you.

Your Trusted Offshore Development Centre (ODC) Partner

Offshore outsourcing means exporting IT-related work from the developed countries to the underdeveloped countries. Under this system, an organization gets collaborated with an external organization and assign the latter some of its business tasks. It is, in fact, the practice of hiring a vendor to do the work offshore, usually to reduce expenses and benefit from the vendor's expertise, economies of scale, and a scalable as well as a large labor pool. It also helps organizations in obtaining high-quality services at minimal operating costs.

Craterzone: an ideal place for offshore-outsourcing

We are a dedicated team of experienced professionals, helping SMEs and  start ups achieve their business objectives by offering dedicated offshore development centre (ODC) services, Our world class team with some of the industry’s most highly qualified professionals understands the need, vision and expectations of the client efficiently.

Armed with expertise in mobility solutions, software development, cloud computing, testing services and digital marketing, we are well-known for providing end-to-end solutions by installing an independent development center and by offering consultation in product development.

Your Trusted ODC Partner

The Offshore Development Centre (ODC) has today become the most-preferred business model for almost all sizes of organizations, helping them in increasing their productivity and reducing their operating costs by leveraging offshore talent. It provides clients greater predictability and visibility during the development process.

The single most important factor to determine a hassle-free migration & transition of activities to an alternative location with outsourcing is to take advantage of the services of a trustworthy ODC partner.

We make sure that you experience comfortably in the course of the entire process of setting up an ODC in India. During the establishing process of an ODC, you are provided with the services of an exclusive developer team, which will be fully focused on your project, and function as a practical extension of your home team.

We use the most advanced technologies to support your project, incorporating impeccably with your organization’s exclusive requirements. Our services are leveraged on the basis of your time-frames and budgets.

Some of the key features of our ODC include:

1. Complete all-round guidance and support from development to maintenance

2. Comparatively affordable yet excellent services

4. Reduced operational and capital costs

5. 24/7 Technical Support and Help

6. Center Of Excellence

One Stop Solution For Outsourced Product Development Needs

We are one stop solution for all kinds of outsourced product development requirements. We don’t just  provide products and services in the field of IT and communication, we also help in generating new business ideas. With expertise in software development, mobile technologies and cloud computing, we give an incubator like environment for the organizations to flourish. The three basic criteria where our strength lies are:

1.     Quality

2.     Speed

3.     Cost

So, call us now at  contact@craterzone.com to know more about our offshore development services.