Blockchain Development and Consulting Services

A Blockchain is a decentralized digital ledger that is simultaneously present on multiple computers. It is a series of blocks that each contain records of data that have a distinctive hash value. This prevents data manipulation and allows for data immutability to enhance trust and transparency. ELASTECH is a blockchain development company that offers a variety of services, ranging from Blockchain Consulting to the creation of PoCs (Proofs-of-Concept) to building dApps (Decentralized Applications), and NFT Marketplace Development.

The business value of Blockchain technology is its ability to create an immutable, secure, and transparent system for transactions. It is utilized to facilitate and track transactions, store records, and transfer data securely. Given the decentralized nature of Blockchain, these benefits can also be extended to third parties, such as vendors, clients, or partners.

ELASTECH’s Blockchain consulting services will help confirm the benefits of the technology for your organization to ensure stakeholder buy-in. After that, you can get started with a Proof-of-Concept to prove the feasibility of Blockchain technology for your project. We deliver PoCs in as little as 30 to 60 days.

“Yes”, our architects and engineers provide NFT marketplace development services, successfully enabling clients to capture the value of digital assets. ELASTECH designs and builds the platforms and applications required for your NFT marketplace.

“Yes”, Blockchain technology is considered a foundational component of Web3, also known as the decentralized web. Web3 aims to create a more secure and user-controlled web experience. Blockchain technology plays a critical role in enabling this vision by providing a decentralized and tamper-proof ledger that can be used to store data and execute transactions without the need for intermediaries or third parties.

Smart Contracts are transaction protocols that are stored on a Blockchain. Smart Contracts automatically execute, control, and document events and actions according to predetermined conditions when predetermined conditions have been met and verified. Smart contracts work by simple “if/when…then…” statements that are written into code on a Blockchain. Once conditions are met, a network of computers executes the actions, and the Blockchain is updated with the results.

Smart contracts offer a number of advantages over traditional contracts. They are faster, more cost-effective, and maximum secure, as they are stored on the Blockchain. They are also completely transparent, with the terms of the contract and its execution being viewable for all parties involved. Further, Smart Contracts eliminate the need for intermediaries. Additionally, they are self-executing, meaning that once the terms of the contract have been met, the contract is automatically enforced.

Our Blockchain Development Services entail varied offerings. The cost of a Blockchain consulting workshop to confirm project requirements and validate a technical design starts at $5k. If you already have your project plan, we offer a “Phase 0” validation for $3k. “Phase 0” validation serves as a planning phase to get your requirements approved by trusted Blockchain experts. Both, a planning workshop and a “Phase 0” validation, are stand-alone offers that will provide you with guidance and a complete roadmap to deliver (whether or not you choose ELASTECH as your Blockchain development company). We also build  Prototypes (PoC or MVP) to confirm the technical feasibility and business value of your Blockchain project. Prototypes start at $15k. Blockchain development starts at $25k for a small-scale project. For enterprise Blockchain solutions, end costs typically range from $50k to $1+m.

ELASTECH provides Blockchain Consulting Services in the form of workshops as well as “Phase 0” Validations that can be completed within 2 weeks. PoCs and MVPs are delivered within 30 to 60 days. Our Blockchain Development Services complete small-scale Blockchain development projects within 90 days. For enterprise solutions, we typically deliver each phase within 90 days so that we are always demonstrating progress.