Essentially, any industry that needs to securely track financial transactions will likely sooner or later use blockchain. Blockchain is a distributed digital ledger which records transactions in a decentralized database located in multiple places.

1. 8 Steps to Start
Blockchain
Development and Get
Ready Your App

2. IdentifytheProblem
andGoal
 You need to define the problem at
hand and how you expect the
application to solve it.
 Do a cost-benefit analysis, audit
your internal capabilities and
identify the issues and risks
involved.
 If this analysis prove to be in
favor of blockchain and then
move to the next step else you are
better off with traditional
development.

3. IdentifytheMost
SuitableConsensus
Mechanism
 Blockchain is a decentralized
system it requires all the members
of the network to authenticate a
transaction, this process is called
consensus.
 Bitcoin uses proof of work as a
consensus mechanism.
 Most popular Consensus
Mechanism:
 Proof of stake,
 Proof of Elapsed Time,
 Byzantine fault tolerant,
 Federated,
 Round Robin and Delegated Proof
of Stake.

4. IdentifytheMost
SuitablePlatform
 Blockchain platforms help you
build a decentralized
application without creating a
separate blockchain from scratch.
 Some of the popular platforms
include Ethereum, BigChainDB,
Hyperledger Fabric, Quorum etc.
 In case of an enterprise level
blockchain app, you should lay
special emphasis on the stability
and security of the blockchain
platform.

5. Designingthe
Architecture
 Blockchain solution can exist on
the cloud, in-house or in a hybrid
model.
 There are also multiple options
for hardware and software
configuration like processors,
operating system, memory and
disk size etc.
 You need to choose between the
following types of blockchain
solutions:
 Permission-less
 Permissioned
 Private Blockchains
 Public Blockchains
 Hybrid

6. Configuringthe
Application
 Configuring a blockchain
application needs very careful
planning.
 Some of the key components:
 User Permissions,
 Asset Issuance and Reissuance,
 Atomic Exchanges,
 Consensus,
 Key management and Structure,
 Parameters, Signatures,
 Hand-shaking and Address
formats.

7. BuildingtheAPIs
 You might get some pre-built
APIs for development purposes
but you’ll need to create most of
them for distinct use cases.
 Some of the common purposes
for which an API is needed are:
 Generating key pairs and
addresses
 Performing functions related to
auditing and data authentication
using digital signatures and
hashes
 Storage and retrieval of data
 Management and trigger of smart
contracts relating to the issuance,
payment, exchange, escrow, and
retirement.

8. DesigntheAdmin
andUserInterface
 Last step is to create a UI and
admin console for the
application.
 Decisions need to be made
regarding the front-end
programming language, servers
and external database for the app.
 You will use this console for
managing the soft launch of the
application hence do incorporate
proper analytics into the system.

9. ScalingthePOCand
IdentifyingProblems
 In this approach instead of
developing the complete
application, you develop a
workable solution that is good
enough to prove your hypothesis
but not loaded with side features
or high-end UI.
 Need to identify any performance
issues, latency, crashes, storage
or memory glitches.
 As and when the problem arises,
find a solution, implement it and
move further.

10. Lookingfora
Blockchain
Application
Developer
ContactUs
 https://www.consagous.com/blockc
hain-services
 https://www.consagous.com
 info@Consagous.com