Best Blockchain Development Company in India 2020

The blockchain is an undeniably ingenious invention – the brainchild of a person or group of people known by the pseudonym, Satoshi Nakamoto.

Today I’m gonna tell you the Best Blockchain Development Company in India.

But since then, it has evolved into something greater, and the main question every single person is asking is :

What is Blockchain?

A blockchain is, in the simplest of terms, a time-stamped series of immutable records of data that is managed by a cluster of computers not owned by any single entity.

Each of these blocks of data (i.e. block) is secured and bound to each other using cryptographic principles (i.e. chain).

For Smart contracts, exchanges, DeFi Dex, and Dapps.

CrypticOcean provides you with the best security solution.

• A blockchain carries no transaction cost.

The blockchain is a simple yet ingenious way of passing information from A to B in a fully automated and safe manner.

One party to a transaction initiates the process by creating a block.

This block is verified by thousands, perhaps millions of computers distributed around the net.

The verified block is added to a chain, which is stored across the net, creating not just a unique record, but a unique record with a unique history.

Here is an example.

Recent entrants like Uber and Airbnb are threatened by blockchain.

All you need to do is encode the transactional information for a car ride or an overnight stay, and again you have a perfectly safe way that disrupts the business model of the companies which have just begun to challenge the traditional economy.

We are not just cutting out the fee-processing middleman, we are also eliminating the need for the match-making platform.

Because blockchain transactions are free, you can charge minuscule amounts, say 1/100 of a cent for a video view or article read.

• How does blockchain work?

Information held on a blockchain exists as a shared – and continually reconciled – database.

This is a way of using the network that has obvious benefits.

The blockchain database isn’t stored in any single location, meaning the records it keeps are truly public and easily verifiable.

No centralized version of this information exists for a hacker to corrupt. Hosted by millions of computers simultaneously, its data is accessible to anyone on the internet.

Future Scope of Blockchain Technology in India

While Blockchain and Bitcoin have won the world over, India is also taking significant strides to adopt Blockchain technology.

With India’s increasing focus towards digitization, the scope of Blockchain in India only seems to be growing.

Indian economy is already witnessing a paradigm shift – from cash to cashless.

Indian citizens have already opened up to efficient and reliable transaction mechanisms such as UPI, Paytm, and Google Pay.

According to Indeed’s data, there’s a considerable demand for Blockchain and Blockchain-related jobs in India, particularly in the southern cities.

As usual, Bengaluru, the tech hub of India, leads in the job opportunities in the Blockchain domain – it accounts for around 36% of all job postings in Blockchain tech in India.

It is closely followed by Mumbai, Hyderabad, Pune, and Chennai.

Although the top five job destinations for Blockchain in India lie in the south, the NCR of the country including New Delhi, Gurugram, Noida, and Mohali is also witnessing an increase in demand for Blockchain jobs.

Indeed further maintains that the spike in the number of Blockchain job postings for roles like Blockchain Developer, Blockchain Software Engineer, Blockchain System Architect, occurred in the second quarter of 2017.

In India, Blockchain is witnessing a major demand in a select few areas including Banking, Insurance, Logistics, Healthcare, and Public Administration.

While some of the players in these industries are collaborating to realize the collective benefits of Blockchain tech at an industry level, some others are exploring the potential of Blockchain along with their subsidiaries and partners.

Best Blockchain Development Company to trust

Above we understood the true meaning of blockchain in its simplest form and its future scope in india to its depth.

Now we’ll provide you with the idea of the Best Blockchain Development Company –

Cryptic ocean, a new wave of Blockchain Systems which provides wizard security solutions.

The cryptic ocean is a blockchain software technology founded by the new age group of India.

We provide enormous services which are blockchain consultancy, truest smart contract audit, development of security wallet, Dex and defi, and enterprise blockchain solutions.

Our purpose is to help businesses solve complex problems using new-age technologies.

We leverage our deep industry knowledge and technical expertise to optimize business processes, maximize impact, and foster business growth.

We are driven by our passion to innovate and create solutions that inspire the future.

We redefine the security of the blockchain ecosystem as follows :

Step 1: Get in touch with us:

The cryptic ocean is a blockchain software technology founded by the new age group of India.

Contact us for the best solutions about the use of blockchain technology to solve the toughest challenges faced by the world today.

Step 2: Assemble info about your Code:

We will review your smart contracts code or dapp architecture based on the line of code, code complexity, and business logic.

Step 3 : Extract/Quote :

Based on step 1 outcome we will quote you pricing of security audit

Step 4 : Smart Contract Audit :

1. Manual review :
   In this step, our smart contract auditors will review your smart contract manually and find out possible the known vulnerabilities in your smart contract like a race condition, reentrancy
2. Manual Testing :
   In this step, our auditors perform all the possible transactions on remix IDE all the transactions will be recorded.
3. Unit testing :
   We will create multiple scenarios to check if the results are the same as we expected along with business logic and all the security checks we will cover.
4. Automation testing
   We use some in house and 3rd party tools for audit process like Echidna, manticore, slither, mythx, Surya
5. Coverage report:
   The coverage report will let us know how efficient our unit testing is.
6. Proposal:
   Based on our expert’s review we will guide you to optimize your smart contract based on the line of code, security aspects, gas optimization and other important suggestions and recommendations for your use case
7. Initial Audit report
   Initial audit report with all the highlighted issues if any in the smart contract will be delivered to you.
8. The audit process is recycled two times.

Step 5 : Final Audit report

Step 6 : Secure certify by Cryptic

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