Today, the demand for both secure and transparent blockchain-based software systems and platforms is continuously increasing. Still, the technologies behind those applications are not yet mature and are often consuming much time and resources to implement and maintain, and are also associated with high transaction fees. The Estonia-based Ignite, a software development company, has been working on a groundbreaking solution that addresses those shortcomings by combining the power of blockchain and new consensus algorithms to build highly-secured business software. Ignite is at the forefront of designing a high-quality web and mobile-based applications that leverage blockchain technologies to help organizations simplify transactions and optimize business processes. The company also has a proficient consulting team that provides new technological ideas to help clients build valuable decentralized applications.
To build large scale business critical systems, Ignite combines the knowledge of blockchain technologies and platforms with the customer’s business requirements related to smart contracts, process optimizations, authentication systems etc. Since their first blockchain project in 2014, Ignite has been building various cryptocurrency wallets and platforms, based on Ethereum, Litecoin, Byteball and others. On the road, prototypes have been made for ID/KYC systems and smart contracts solutions as well. “As our blockchain-based systems are using new versions of distributed networks, they provide the needed speed and reliability in heavy load scenarios, such as frequent micropayments,” explains Andres Pihor, the Export Director of Ignite. Leveraging a decentralized network structure, Ignite’s cryptocurrency solutions provide greater clarity in audit trails, improve accountability, and facilitate confidential transactions.
Pursuing relentless innovations, Ignite also helps organizations to go digital by designing smart contracts that eliminate all paperwork associated with agreements and contracts.
“Besides the existing Ethereum specification, called Solidity, Ignite has already adopted a more recent DAG chain implementation, Byteball, which features simplified and less hack-prone smart contract definitions”, explains Yary Ribero, Blockchain Tech Lead at Ignite. Byteball is already establishing a foothold in Estonia in cooperation with Ignite: citizens are entitled to claim 10 dollar worth of funds to educate themselves on cryptocurrencies.
Apart from solutions described above, Ignite has designed a state-of-the-art recruitment tool named Recrur, in cooperation with HR managers and recruiters. Valuable experience of handling the most sensitive data was obtained also by rebuilding Estonian e-Health Patient Portal.
During the development of such tools there has clearly emerged the idea for managing their processes using public blockchains. “In both cases we are dealing with personal information that must remain both private but accessible and verifiable by those who need to deal with patients or job candidates. No more perfect match could be found for a blockchain solution. Hopefully there will be an opportunity to take further steps from that idea” adds Yary Ribero.
As our blockchain-based systems are managed on a new version of distributed network, we can provide the needed speed and reliability for heavy load scenarios
Ignite has assisted customers in various industries including finance, telecommunication, logistics, energy and transportation management in creating reliable software. Expounding on the capabilities of Ignite’s Blockchain-based solutions, Pihor cites a scenario where an organization was looking to crowd-fund newly developed software using a digital currency for that. This is very common use case for cryptocurrencies today.
The edge of Ignite lies in their proficient development and consulting team, which helps in providing industry-specific blockchain solutions for various organizations on the global marketplace. “We envision continuing our vigorous research to build blockchain enabled out-of-the-box products. We are also planning to extend our footprint outside Estonia to gain greater opportunities for market growth and diversification,” concludes Pihor.