In its core, blockchain is a simplified payment verification system with a distributed ledger in its core. Blockchain maintains the record of every transaction not only in the main register but also in all the connected distributed registers. This immutable way of data storing serves as an umbrella for a network of decentralized nodes where objective has been to enhance privacy, security, trustworthy and transparency. There are no missed or delayed transactions, n human or machine-made errors, no transactions are done without consent from all the parties, and no mismatch and discrepancies in the past data.

Blockchain technology proves to come handy and reshape the businesses including versatile industries, such as among which banking and financial markets, healthcare, insurance, travel and transportation, cyber security, media and entertainment, startups, education among many others.

The technology provides infrastructure to build next innovative applications beyond cryptocurrencies.

As incorruptible and decentralized as blockchain may be, blockchain applications face problems with storage. Monetary transactions and smart contracts might be utterly decentralized, but the data itself either resides in centralized servers or on users’ own storage-constrained devices. Building ad-hock sophisticated data warehouses is a long-term qualification of

It is clear that no brand new testing frameworks, deployment and debugging tools exist that can address the challenges of blockchain. Still, Virtuoz can be your reliable partner in tools and methodologies that have proven themselves to be effective and capable of adequately face the business need of every business or company.