Without modern cost cuts and productivity increases, it is not conceivable. Blockchain technology provide automation and streamlining of corporate processes based on administration, optimization, and data processing, thereby addressing these two challenges. Turning to the digital economy is a must-have for the business now, not an homage to the future.
Blockchain technologies’ potential in interaction with smart contracts enables complete administration of the corporate ecosystem – so, internal company processes can be developed more effectively and interactions with partners and consumers may be optimized.
This is demonstrated with the inclusion of:
- Internet of Things. IoT systems have shown how inexpensive and easy it is to arrange market research.
- network with ripples. For many banks, it has become a payment bridge, saving 60% of the expenses of using less effective systems.
- Blockchain answers on trade. Great numbers of data center servers have been eliminated as a result.
- Blockchain technology seems to be simple, but it is a complicated process being used by startups as well as big IT and FinTech giants. The sector is running low in experts.
Who Are Blockchain Consultants, and What Do They Do?
Professionals having particular understanding and experience in blockchain technology are blockchain consultants. Their job is to assist companies in knowing how blockchain technology might be relevant for their particular requirements. They also help them across the blockchain implementation process.
Working closely with companies, blockchain consultants find chances where blockchain technology may add value. This entails:
- Complete evaluation of the present business operations
- Technology stack
- Strategic objectives
A company in the finance industry, for instance, would be interested in developing a more safe and quick payment system by means of blockchain. Consultant in blockchain technology:
- Evaluates corporate payment systems.
- Point up issues including security flaws or inefficiency.
- Create a blockchain answer for these problems.
Apart from strategic growth, a blockchain consultant will assist the company to choose the best blockchain platform and tools depending on its particular requirements. This incorporates:
- Differentiating public from private blockchains
- Choosing the suitable consensus procedure
- Determining the appropriate smart contract platform
Blockchain consultants also direct compliance and security. Crucially, the blockchain solution must satisfy all pertinent legal and regulatory criteria and guard against cyberattacks. This entails putting strong security policies—such as multi-factor authentication and encryption—into effect as well as making sure the solution conforms to industry rules including GDPR or HIPAA.
Key Blockchain Consulting Areas
Blockchain consulting addresses several important domains, each vital for the effective application of a blockchain system. Any great blockchain project is built from these elements. Blockchain experts have the knowledge required to guarantee that every area is properly addressed.
Strategy Development
Any blockchain initiative starts with defining a plan. This entails specifying the objectives of the project and deciding on the best way to reach them. Working closely with the company, a blockchain consultant helps to design a plan fit for its aims and grasp its objectives.
This approach will consider the commercial’s:
- Current operations
- Technology stack Industry-specific difficulties
- The consultant will create a road map for putting the solution into use and pinpoint the most efficient blockchain use cases. This road plan will list the main project deliverables and benchmarks together with the tools required to reach them.
Integration
The blockchain solution has to be connected with the current systems and procedures of the company once it has been developed and put into use. This is a crucial stage guaranteeing the solution offers the expected advantages.
Working directly with the IT staff of the company, a blockchain consultant will supervise the integration process to guarantee that the solution interacts perfectly with current systems. This entails tying the blockchain solution into:
- Existing databases
- ERP applications
- Additional commercial uses
- Furthermore, guaranteed by the consultant, will be the seamless and effective nature of the integration process.
Testing and Deployment
The blockchain system must be extensively tested to guarantee it operates as expected before it can be totally implemented. This entails running several tests to find any flaws or faults and to make sure the fix satisfies company needs.
Working together with the IT staff of the company, a blockchain consultant will monitor the testing process to guarantee that the solution is completely tested before implementation.
- Unit Tests
- Integration evaluations
- Performance assessments
Blockchain Consulting Process at Shamlatech
Structured but adaptable, the blockchain consulting approach at Shamla Tech is meant to guarantee the successful application of blockchain solutions catered to every client’s demand.
1. Initial Consultation
Shamla Tech starts their blockchain consulting process with a first consultation. During this phase, Shamla Tech’s experts closely assist the company to grasp its:
- Objectives
- Present activities
- Stack of Technology
This entails carefully evaluating the requirements and issues of the company and spotting chances where blockchain technology could be valuable.
2. Strategy Formulation
After the first meeting, Shamla Tech’s advisers create a unique blockchain plan fit for the particular requirements of the company. Under this approach:
Summarizes the objectives of the blockchain effort. Points out the most efficient blockchain use cases and offers a road map for applying the solution. We act at our best.
3. Technology Selection
Choosing the appropriate blockchain platform and tools comes next after the plan is in place. Using their great knowledge and experience, Shamla Tech’s consultants find the most appropriate blockchain platform and solutions for the particular needs of the company.
This calls for:
- Reviewing several blockchain systems and tools
- Evaluating their achievements and shortcomings
- choosing the greatest possibilities for the company
The experts at Shamla Tech also make sure the selected platform and technologies are scalable, safe, and able to satisfy the long-term needs of the company.
4. Designed Solutions
Shamla Tech’s consultants create the blockchain solution once the chosen technology has been decided upon. This entails building a comprehensive blueprint of the solution with regard to architecture, security policies, and integration strategies.
5. Execution and Testing
Rigid testing guarantees that the solution performs as expected and that any problems are resolved before complete deployment follows the implementation phase. This entails performing:
- Unit tests
- Integration evaluations
- Performance assessments
We guarantee a scalable, safe, and dependable solution.
6. Support and Deployment
The solution is ready for application once it has been tested. The experts of Shamla Tech supervise the deployment process to guarantee that any problems are resolved quickly and that the solution is implemented without flaws.
