FAQ

When a customer comes to a blockchain development consulting company, they help him in and out with his product idea or the whole product.

From providing him blockchain consultation over the feasibility of his idea with the blockchain technology to select the ideal blockchain platform for his blockchain product development. Sometimes, the blockchain development & consulting company suggests the customer to just migrate his existing product on the blockchain platform. Blockchain consulting is an integral part of the blockchain development ideation.

The blockchain consulting process followed at Omni Blockchain consists of the following steps:

Ideation
In this stage, the feasibility of a blockchain project is analyzed and business goals are defined.
Assessment
The next step is an evaluation where our blockchain consultants assess business procedures and identify how it can be applied to your business use case.
Identification of Technical Components
Our blockchain consulting team analyzes and identifies the right blockchain platforms and technology components for your business use case.
POC
A prototype is created to analyze the potential of your business use case with minimum viable features.

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Blockchain can benefit various industries, including global supply chains, healthcare, government, financial services and many other industries. Startups and enterprises are exploring ways to disrupt blockchain to transform traditional business models. By providing you blockchain consulting services, our blockchain consulting team can help you understand how blockchain can bring transparency, traceability, security and efficiency to your business ecosystem.

A blockchain consultant helps you to identify the right answers to the questions you might don’t even know. They will suggest you the blockchain permission, platform feasible with your use case.

Our Blockchain expert explains the blockchain permissions.
Blockchain permission can be of three types:

Public Blockchain
Public blockchain protocols are not permissioned and open-source where anyone can get involved without permission. It allows anyone to download the code and launch a public node on their local device and participate in the consensus process. Anyone can send transactions through the network and view anonymous transactions on the public blockchain explorer.
Consortium Blockchain
As compared to the public blockchain, consortium blockchain does not allow anyone to participate in the process of verifying transactions. They provide transaction privacy and are quite faster. In consortium blockchain, the consensus process is managed by a pre-selected set of nodes. The right to view or read transactions can be public or restricted to participants of the network.
Private Blockchain
In private blockchain, read permissions can be public or restricted to some participants but write permissions are kept centralized to only one company. Example of such applications includes internal auditing or database management.

Hiring a Blockchain consulting company can help you understand the potential of blockchain technology for your business operations.

Before you think to build a blockchain solution for your business, you should select the right blockchain platform.

Only an expererienced blockchain expert can help you choose an ideal blockchain platform. Their solution will have the following basis:

How much privacy your blockchain solution requires?
Level of scalability you require
Type of Blockchain App you need to build. For example, public, private or permissioned.
Consensus Algorithm
Smart Contract Functionality

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