What Does Blockchain Consulting Services Do & How It Can Help

Blockchain has the potential to accelerate businesses by increasing the protection against cyber threats and eliminate the roles of intermediaries. It’s a peer-to-peer platform shared among distributed networks. Blockchain consulting assesses your existing solution to identify the right kind of blockchain solution for your business and to ensure that the solution adds value to the business process. Blockchain development consulting helps organizations to get a better understanding of how the entire development will take place. They can leverage data reconciliation, standardization, and reduced risks.

Blockchain consulting process in general:

• Development: Once you get the zest of what blockchain technology is, blockchain consulting companies will get their team started with the development phase, from UI/UX to frontend & backend implementation.
• Assessment: Analyzing the solutions that exist already to understand its need to be migrated to blockchain or not. The team assesses the business procedures to identify where technology can be applied.
• Technical Component: The blockchain consulting team recognizes the apt blockchain platform based on business requirements.
• Integration: Integrating the technology into business operations & environment.
• Proof of Concept (PoC): Framework & prototype are built to determine the use cases for the business with minimum viable features.
• Ideation: Discussion with the technical team regarding the feasibility of the project to define organizational goals and workflow of the system.

Usually, Blockchain consulting companies offer complete help with understanding the blockchain development process for transparency reasons. This helps the client to know what all is being worked upon and how the platform once built will work.

• Guidance: The technical team will run you through the entire development process and at various stages for you to know exactly how blockchain can transform your business.
• PoC: The team builds PoC to demonstrate the practicality of blockchain in your business for your better knowledge of the blockchain ecosystem will work.

W3villa Technologies is a Blockchain Application Development Services Company, and have been bridging the gap between industries and digital solutions. We have been providing Blockchain consulting services to their clients globally and to different industries. With a strong and experienced team, we can customize the blockchain solution that will be a perfect fit for your organization.

Artifical Intelligence and Blockchain Technology a Deadly Combination

Artificial intelligence at present with its development has seen various uses in different domains and industries in the past few years. And blockchain technology has been changing the way the data is stored, shared and even accessed. Both these technologies have bought disruption in the way things worked. So what happens when AI and Blockchain are merged? A way of securing and sharing the data. AI imparts intelligence and Blockchain technology imparts security. 

How is this combination of technology beneficial? 

• Cost and time effectiveness: Deloitte predicted that organizations are investing an upwards of 10$ million in the coming years. Artificial Intelligence with its machine learning can learn more about the environment and share real-time information and predictions to enhance productivity and accelerate business processes. Also for crypto miners, AI can analyze the pattern and identify useless transactions and performance so they can effectively manage their resources. 

• Data Insurance: AI is dependent on data. It gathers data from humans and other data inputs. All this vital can be stored securely and have a track maintained by Blockchain. Since it's decentralized and has data stored on every computer on the network it is immutable to hacks and unauthorized changes

• Trust: As no authorized changes can take place for the data stored on the blockchain network and same can be accessed with the need of a central server. With AI, it can learn about the data structure and accordingly behave. Together with giving accurate data analysis and security. 

Here's a use of Artificial Intelligence and Blockchain together 

Researchers often face an issue of data availability. Why : 

• No access to data.
• Trust factor.
• Red tapism of government.

To overcome this OCEAN protocol was formed. It essentially uses blockchain development as the access layer to manage the authorization of data and let researchers use AI to run the algorithm on data. Data owners can securely share the data in form data silos with letting researchers to extract data from them and execute the algorithm with the silo's itself. "Ocean unlocks the value in private data while addressing privacy and data concerns" - Hackernoon 

Both technologies when merged can ultimately lead to hassle-free data management.

Original Source: https://www.w3villa.com/blog/ai-blockchain-technologies-to-offer-secure-data-sharing