8 Steps to Start Blockchain Development and Get Ready Your App

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8 Steps to Start Blockchain Development and Get
Ready Your App
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Identify the Problem and Goal

• You need to define the problem at hand and how
  you expect the application to solve it.
• Do a cost-benefit analysis, audit your internal
  capabilities and identify the issues and risks
  involved.
• If this analysis prove to be in favor of
  blockchain and then move to the next step else
  you are better off with traditional development.

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Identify the Most Suitable Consensus Mechanism

• Blockchain is a decentralized system it requires
  all the members of the network to authenticate a
  transaction, this process is called consensus.
• Bitcoin uses proof of work as a consensus
  mechanism.
• Most popular Consensus Mechanism
• Proof of stake,
• Proof of Elapsed Time,
• Byzantine fault tolerant,
• Federated,
• Round Robin and Delegated Proof of Stake.

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Identify the Most Suitable Platform

• Blockchain platforms help you build
  a decentralized application without creating a
  separate blockchain from scratch.
• Some of the popular platforms include Ethereum,
  BigChainDB, Hyperledger Fabric, Quorum etc.
• In case of an enterprise level blockchain app,
  you should lay special emphasis on the stability
  and security of the blockchain platform.

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Designing the Architecture

• Blockchain solution can exist on the cloud,
  in-house or in a hybrid model.
• There are also multiple options for hardware and
  software configuration like processors, operating
  system, memory and disk size etc.
• You need to choose between the following types of
  blockchain solutions
• Permission-less
• Permissioned
• Private Blockchains
• Public Blockchains
• Hybrid

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Configuring the Application

• Configuring a blockchain application needs very
  careful planning.
• Some of the key components
• User Permissions,
• Asset Issuance and Reissuance,
• Atomic Exchanges,
• Consensus,
• Key management and Structure,
• Parameters, Signatures,
• Hand-shaking and Address formats.

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Building the APIs

• You might get some pre-built APIs for development
  purposes but youll need to create most of them
  for distinct use cases.
• Some of the common purposes for which an API is
  needed are
• Generating key pairs and addresses
• Performing functions related to auditing and data
  authentication using digital signatures and
  hashes
• Storage and retrieval of data
• Management and trigger of smart contracts
  relating to the issuance, payment, exchange,
  escrow, and retirement.

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Design the Admin and User Interface

• Last step is to create a UI and admin console for
  the application.
• Decisions need to be made regarding the front-end
  programming language, servers and external
  database for the app.
• You will use this console for managing the soft
  launch of the application hence do incorporate
  proper analytics into the system.

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Scaling the POC and Identifying Problems

• In this approach instead of developing the
  complete application, you develop a workable
  solution that is good enough to prove your
  hypothesis but not loaded with side features or
  high-end UI.
• Need to identify any performance issues, latency,
  crashes, storage or memory glitches.
• As and when the problem arises, find a solution,
  implement it and move further.

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Looking for a Blockchain Application
DeveloperContact Us

• https//www.consagous.com/blockchain-services
• https//www.consagous.com
• info_at_Consagous.com

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