Encrypt your data with blockchain development outsourcing in Vietnam

In recent years, words like blockchain, Bitcoin, and NFT have been thrown around a lot, more often heard if you work in the fintech industry. These new concepts can be hard to grasp, but we are here to help!

Dirox Labs wants to show you what blockchain is and what can be done with it to take your company to the next level. We implement blockchain technology into every field and industry to keep data and transactions secure. In this technological era, blockchain secures your digital assets and helps you move forward in leaps and bounds.

If you are ready to upgrade and fit into the new technological era, consult with us to have your business secrets protected and responsibly managed!

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Introduction to Blockchain

One of the most important things in this day and age is information. It plays a vital role in modern society. It is facts, data, text, images, videos, documents, and sound. Every piece of information now gets stored digitally, where they face a threat of being stolen and misused. Protecting information, such as your credit card number or life-changing business scheme, becomes more significant.

Blockchain is a shared database that allows digital information to be recorded and distributed but not edited, deleted, or altered. In short, it keeps all of your data secure and protected and removes intermediaries. Aside from its purpose in the cryptocurrency market, blockchain is also used in insurance, real estate, logistics & supply chain tracking, and so on.

There are three types of blockchain: public, private, and hybrid. A public blockchain is an open-source platform that allows anyone with an internet connection to access current & past records as well as verify transactions. An example of a public blockchain network is the cryptocurrency market. Private blockchain has limited access and is often used among organizations and corporations. A hybrid blockchain mixes public and private, allowing businesses to choose which information they want to make public and which to keep private.

Our company provides Blockchain services as a third party that creates and manages blockchain-based networks using cloud technology.

Our Company’s Offshore Blockchain Services

  • Blockchain consulting
  • Smart contract development
  • Public blockchain development
  • Private blockchain development
  • Hybrid blockchain development
  • Blockchain network management
  • Tokenization development
  • dApps (decentralized apps) development
  • Blockchain-based marketplace
  • Business blockchain platforms

Why Use our Outsourced Blockchain Services?

  • Spread trust by keeping a permanent record of all transactions
  • Secure your information using blockchain technology
  • Reduce overhead costs by removing intermediaries with a decentralized platform
  • Improve existing processes and enable new business models
  • Increase trust and transparency between the participants of the blockchain-based network

Applications of Blockchain

  • Track goods as they move throughout the supply chain in real-time
  • Protect patient’s personal information and medical history in the healthcare sectors
  • Buy and sell your real estate with ease by reducing fraud and offering transparency
  • Administer welfare programs while reducing costs of operation
  • Utilize smart contracts in finance, banking, insurance, and other industries

Why Choose Dirox?

Pioneers of the field

Dirox Labs was created to study and help businesses transform with the continuously evolving technology. We have an assembled team of unmatched talents who are development and innovation experts.

Top-tier consultation

Still don’t get what this new technology is all about? Reach out to us to talk to our experienced consultants who will help you understand what it is and how it can benefit your business!

Quality assurance

With years of experience working with clients from various industries, the QA experts at Dirox skilled in manual & automated testing will guarantee a quality delivery on your project.

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Your Questions about Blockchain Technology

The main difference between these two concepts is centralization. In a traditional database, one party can pay or hack to change the data in a way that benefits them, or someone outside of the network meddles with the data without any party involved knowing. In a blockchain system that uses a distributed ledger technology, every participant has a copy of the transactions which helps the system keep records in check and automatically remove unverified changes which reduces fraud, promotes transparency and security in the network.
A public blockchain is an open source platform where anyone with internet access can join and participate in core activities of the blockchain network such as viewing current & past records as well as verifying transactions. Examples of public blockchains include Bitcoin & Ethereum, where users can access the chain and add blocks. Private blockchain networks only allow selected users to view and create information. A participant can only access these private networks through authentic and verified invitations. A private blockchain is often used in enterprises and organizations to give them full privacy, higher efficiency, and lower cost of operations. Another key difference is that public blockchain is largely anonymous where the identity of participants is not disclosed, while private blockchain does not hide users’ information.
Blockchain can be implemented in all types of industries! However, the impression that blockchain and Fintech go hand-in-hand may come from the fact that it is most used in this industry. The rise of cryptocurrency has taken the finance industry by storm, cash on hand is quickly being put into digital wallets to make transactions faster online. Blockchain technology rises with it, keeping all records transparent and secure. There are many other applications for blockchain in various other industries. Examples include utilizing blockchain for a smart contract to execute trusted transactions and agreements between anonymous parties or creating decentralized applications that safeguard user privacy and allow flexibility of development.
Smart contracts use blockchain technology to carry out predetermined conditions so that when met, will trigger outcomes. They authorize transactions between anonymous parties in an accurate, timely, and tamper-proof manner. Smart contracts are written in different programming languages and are popular on many crypto networks but most popular on the Ethereum network. When executing a smart contract on the Ethereum network, users generally have to pay a fee called “gas” (called so to keep the blockchain running), and once deployed, they cannot be altered again, even by the creator.