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KEY FOCUS
Blockchain Services We Offer
With extensive expertise in blockchain development, we deliver custom enterprise blockchain solutions that rock the market. Depending on the initial request, our blockchain app development services provide companies with new software products or support them by revamping existing systems.
Recognized as one of the top blockchain tech companies by GoodFirms, Velvetech helps leverage blockchain for diverse business operations. Driving continuous improvements, Velvetech encourages business growth with consensus algorithms, individual nodes, and architectures.
Services We Offer
Smart Contracts and Blockchain Development Partner
Velvetech offers smart contracts and blockchain development services. Whether you need your own decentralized network-managed system or a cryptocurrency, Velvetech is your #1 go-to partner for blockchain-based solutions development.
Blockchain Consulting
Smart Contracts Design & Implementation
ICO Consulting
DApps Development
IoT Systems Integration
Cryptocurrency Wallets & Exchange Solutions
Our Expertise
Custom Blockchain-Based Software
- Blockchain solutions
- NFT development
- Crowdfunding tech
- Private blockchain development
- Ethereum-based token wallets
- Smart contracts design
- DeFi development
- Financial & trading platforms
- Decentralized apps development
- Blockchain-based marketplaces
Ready to Take the First Step? Let’s Discuss!
Contact NowHOW TO START
Blockchain POC Development
Blockchain POC development is the process of building a business concept based on blockchain technology, assessing it, and implementing it as either a prototype or a Minimum Viable Product.
1
Analytics Stage
At this stage, the viable plan, project criteria, and theoretical use cases are defined to create a clear vision of the project and convey it to all parties involved.
2
Prototype Stage
Building a blockchain project prototype allows validating the concept and demonstrating features. This draft visualizes how the product will function.
3
MVP Stage
An MVP emerges when it comes to trying out the blockchain product in the long run. It includes a basic set of features and provides direct user engagement.
Industries We Work With
Blockchain Solutions For Your Industry
Blockchain applications provide process optimization and ROI increase to various industries: Finance, Healthcare, Logistics, Insurance, Telecommunications, Banking.
Finance
Blockchain-based banks and clearinghouses have much more optimized workflows and provide more value to customers in comparison to regular financial institutions.
Logistics
Smart contracts help reduce administrative burden in transportation companies while blockchain-based IoT systems ensure cargo safety and control at all transit stages.
Real Estate
Using blockchain you can manage, track, and transfer land titles and property deeds without copious amounts of paperwork and intermediaries.
Consumer Markets
Music streaming is a good example of an end-user oriented business: artists can earn royalties without a record label.
Healthcare & Insurance
Electronic medical records backed by the blockchain technology make up a virtually incorruptible cryptographic database.
Internet of Things
Decentralized networks of IoT endpoints. Organize secure data exchange and smart sensors working together as a system.
Our Tech Stack
Blockchain Development Process
Identify the Goal
Choose a Blockchain Platform
Ideate the Concept and Strategy
Develop a Blockchain PoC
Design UI and API
Develop a Blockchain Project
Test and Deploy the App
Maintain and Update the Solution
Ethereum — Backbone for Smart Contract Development
Ethereum is the next-generation peer-to-peer technology blockchain platform that allows not only exchange of cryptocurrency & assets, but also supports transactions with program logic known as smart contracts.
Business Benefits
Smart Contracts Advantages
Security
Smart contracts are immutable, and blockchain solutions rely heavily on cryptography, which makes this technology highly stable against virtual attacks.
Cost reduction
Removing intermediaries from the value generating process obviously reduces costs of operations: ideal solution for all sorts of transactions.
Autonomy
The deterministic nature of smart contracts makes them tamper-proof: the terms of a contract are executed automatically, by algorithms.
What are Smart Contracts?
Smart contracts are essentially bits of code that is stored, verified and executed across a distributed, decentralized blockchain network. These applications with the ability to self-execute when certain preprogrammed conditions are met take full advantage of the blockchain technology: permanence and censorship resistance. Basically, any DApp, DAO, or other blockchain-based application is built using smart contracts code.
Velvetech will help you realize any enterprise blockchain application; whether you are looking to build a smart financial instrument, a real estate assets management platform, or merely a means to complement your legal contracts.
testimonials
What Our Clients Say
Of all the companies we spoke to, Velvetech was the one that had hands-on prior experience with Blockchain. Finding the Velvetech team was the best thing that happened to us. We were able to meet all our deadlines and ship our products on time. We look forward to collaborating with Velvetech in the Blockchain space and other future technological areas.
BlockMint Technologies
I have been working with Velvetech since 2012. I was looking for a local development team able to produce quality financial software products, and I am very glad that I’ve met Velvetech. We have successfully implemented and deployed to production several financial applications. It is a pleasure to work with Veltetech team. I would highly recommend them as a reliable software development partner.
Tradespoon
My Company has partnered with Velvetech on 30+ projects since 2001 and they have consistently exceeded our expectations in design, delivery, and product performance. They bring extensive IT and programming knowledge to our discussions and the team consistently maintains the highest level of customer service and focus.
MedED Architects
FAQ
Frequently Asked Questions
How much does it cost to develop a Blockchain app?
Depending on the initial project requirements and goals, the average cost of a blockchain application starts from $15,000 and can go up to $200,000 and more. The complexity of the app, its type, features, and hourly rates of the development team greatly affect the price.
What are the business benefits of Blockchain?
Blockchain technology leads to new business opportunities and provides a wide range of benefits for companies applying it. The major advantages of enterprise blockchain solutions include greater transparency, better security, increased efficiency, and improved traceability.
What is an example of an IoT Blockchain system?
The union of IoT and Blockchain creates a reliable and secure method of transferring data that’s processed by connected devices. The examples of these technologies working together include blockchain-based IoT sensors to track shipment status, smart home solutions to manage security systems, or apps that control drug prescription data in real-time.
How to choose the right Blockchain Development Company?
Today, you can pick among an abundance of companies the best candidate for outsourcing your blockchain software development project. Some of them are focused on building apps for Bitcoin, others write smart contracts that work on Ethereum, etc. While choosing a blockchain software development company to partner with, pay attention to experience and skills relevant to your project, domain expertise, technology stack, and cost of development services.
What are the characteristics of enterprise Blockchain solutions?
Commonly, enterprise blockchain solutions provide companies with a high level of security and control over data. They are scalable, offer better transparency, and ensure enhanced performance and efficiency. With that in mind, these solutions can address some major enterprise problems.
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