Our Mobile App Development Services
Today, the Blockchain technology is so well-spread that it is not only a network for safe transactions and data security, but it can also execute programs. These programs are known as smart contracts, which can be defined as a promise that both signing parties agree on specific terms written in the contract itself.
To give you a simple example, assume that you want to rent an apartment, so the loaner will ask you to pay a deposit before you move in. Here, instead of depending on notaries, you can both write and sign a smart contract, including mutually discussed terms about deposits and apartment. So if any event occurs where the terms aren’t being respected, the money will be returned to the legitimate owner directly, without any need of lawyers.
In simple terms, Blockchain eliminates all intermediaries needed in order to build trust.
That being said, let’s now look at the best blockchain developer tools that we use at Space-O.
This tool helps us to enable a wide range of capabilities from gathering read-only data to building innovative decentralized apps. In fact, Coinbase’s API also offers several client libraries and mobile SDKs which are quite useful to develop an app over the Blockchain.
BaaS: Blockchain as A Service by Microsoft
Baas, or Blockchain as a service, was created by Microsoft Azure for expert blockchain developers to build decentralized Apps (dapps) in a safe environment. BaaS was actually created with the main goal of enabling the backend capabilities needed by Blockchain Technology so that you can launch the blockchain with just couple of clicks.
Tieron is a one such Bitcoin developer tool that enables to create a verifiable database of any data on Blockchain technology with its API to add data to the distributed ledger. In fact, Tieron has built an open standard known as Chainpoint to store data and generate receipts containing information needed to verify the data without depending on third-parties.
Mist is for Ethereum developer to store Ether and send transactions, in addition to deploying smart contracts. However, to execute your own smart contract, you’ll have to spend some Ether, as the fuel to run it on the Ethereum networks.