Blockchain is taking the world by storm and is one of the most discussed technologies of the present time, owing to its capability to provide secure and tamper-proof applications and services. Be it the use of blockchain as a distributed ledger to carry out secure, encrypted transactions or to reduce the risk of fraud using cryptography, blockchain technology is making huge ripples in every industrial market.
From a broader viewpoint, the cryptographic technique used in blockchain technology allows vendors to design and develop services related to smart contracts. Additionally, as the creation of smart contracts requires a comprehensive knowledge of the distributed ledger, service providers are also leaning toward generating a detailed report that outlines problems and suggestions after auditing smart contract implementation. As a result, organizations interacting with each other for various collaborations and partnerships can adopt smart contracts, allowing it to function as the governing entity for exchange of resources, be it financial or developmental. Furthermore, these smart contracts also play a vital role in the connecting DApps to the decentralized ledger. Organizations are collaborating with their clients to develop decentralized applications (DApps) to avoid a single point of failure, although, they are typically intended to digitally facilitate, verify, or negotiate the terms of an agreement. Smart contracts, in turn, enable these organizations to connect DApps to a decentralized network, where in, it acts as the operational relay between the two.
Overall, blockchain is a technology which is here to not only stay but also bring positive disruptions in the market. There are several service providers around the globe who offer expertise in the blockchain, however, only a few are well-versed with the shifting landscape of this technology. Keeping in mind the same, a distinguished panel of CEOs, CIOs, VCs, and analysts along with the editorial board of CIOApplications Europe have listed "Top 10 Blockchain Consulting/ Services Companies - 2019."