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The ppt describes the development of blockchain
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BLOCKCHAIN • DEVELOPMENT • PROCESS www.leewayhertz.com
CONTENTS • WHAT IS BLOCKCHAIN ? • BLOCKCHAIN DEVELOPMENT PROCESS • IDENTIFY THE GOAL • IDENTIFY BLOCKCHAIN PLATFORM • BLOCKCHAIN IDEATION • PROOF OF CONCEPT • VISUAL AND TECHNICAL DESIGN • DEVELOPMENT • DEPLOYMENT • UPGRADES www.leewayhertz.com
WHAT IS BLOCKCHAIN? www.leewayhertz.com
BLOCKCHAIN DEVELOPMENT PROCESS Identify Blockchain Platform Blockchain Ideation Proof of Concept Identify the goal </> Visual and Technical design Upgrades Deployment Development www.leewayhertz.com
IDENTIFY THE GOAL PROBLEM ? Identify a use-case for your application and find out if your problem requires blockchain or not. www.leewayhertz.com
IDENTIFY BLOCKCHAIN PLATFORM You need a blockchain platform to build a decentralized application without having to create a blockchain from scratch. The blockchain platform you need depends on the consensus mechanism and the problems you are going to solve. www.leewayhertz.com
BLOCKCHAIN IDEATION Once you have identified the problem and blockchain platform, it is the right time to brainstorm ideas and business requirements. You need to evaluate, formulate, and prioritize use cases for blockchain experimentation. www.leewayhertz.com
VISUAL AND TECHNICAL DESIGN www.leewayhertz.com
DEVELOPMENT Development is the core stage of the blockchain development process where you should be prepared for building the application. You are required to build APIs for distinct use cases of the application. www.leewayhertz.com
DEPLOYMENT The requested transactions to P2P network consisting of computers, knowns as nodes. The network of nodes validation the transaction and the user’s status using knowns algorithm. Someone requests a transaction. A varified transaction can involve cryptocurrency, contracts, records, or other information. Once varified, the transaction is combined with other transaction to create a new block of data for the ledger. The new block is then added to the existing blockchain, in a way that is permanent and unalterable. The transaction is complete www.leewayhertz.com
UPGRADES The application should have potential to upgrade according to the new business requirements and prioritization. So, design and develop an application in such a way that adding or upgrading components does not affect the existing application. www.leewayhertz.com
WANT TO KNOW MORE ABOUT BLOCKCHAIN ? www.leewayhertz.com