Software Development Company in Australia
OGSS Technologies Pty LtdOGSS Technologies Pty LtdOGSS Technologies Pty Ltd
+61 434612345
Glen Waverley, VIC 3150
OGSS Technologies Pty LtdOGSS Technologies Pty LtdOGSS Technologies Pty Ltd

Blockchain Development Company Australia

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Blockchain Development

Blockchain Development Company in Australia

Today, the world is moving so fast towards the new technologies, the traditional ways of payment process are now outdated. The Development in the field of payment gateways, Blockchain, UPI’s has given a boost to the online world and now it’s your time to grab your potential customers from this online world. Now, developing a cryptocurrency is the smart move to grow your business.

OGSS a Australia based company. We also provide you all the online solutions for Blockchain & Cryptocurrency, Mobile Application Development, Wallet Development, etc to grow your business. We have a group of active and energetic workers who full fill the requirement for our clients.

Blockchain technology is growing faster to reshape the business process in a broad range of industries worldwide. Blockchain technology is known for providing cutting-edge futuristic technologies to the business. There are many businesses worldwide that are getting fascinated by Blockchain Technology, Cryptocurrency, and ICO (Initial Coin Offering) development, leading to surging demands in Blockchain Development and Bitcoins. For an understanding of in and out, let’s discuss some bottom lines.

Key benefits to accept Blockchain technology with open hands:

As a public ledger system, block chain records and validate each and every transaction made, which makes it secure and reliable.
All the transactions made are authorized by miners, which makes the transactions immutable and prevent it from the threat of hacking.
Blockchain technology discards the need of any third-party or central authority for peer-to-peer transactions.
Decentralization of the technology. Banks and other financial institutions have also been active in investing (time and/or money) in this space.

Use Cases

Smart Contracts

Smart Contracts are self-executing contractual states, stored on BlockChain, which nobody controls and therefore everyone can trust. Blockchain contracts act as agreements where terms of agreement can be pre-programmed with the ability to self-execute itself. The main goal of a smart contract is to enable two anonymous parties to trade and do business with each other, without the need for a middleman.

Collaborative Transport

Smart transportation is about maximizing already-existing infrastructure and resources rather than adding new ones. Real-time ridesharing is the key, enabling people with their private cars to share their journey with others traveling in the same direction. What BlockChain adds on top of this is the possibility to put together users without any middlemen thanks to decentralized platforms.

Government Services

Government organizations across the globe are exploring the use of BlockChain technology to improve operations. The ability to record transactions on distributed ledgers offers new approaches for governments to improve transparency, prevent fraud and establish trust. E-Government systems are enabled by a chip-embedded ID card that gives the nation’s citizens access to over 1,000 e-government services, such as filing taxes and voting, almost instantly and via just one website.

Electronic Health Records: Insurance Sector

The required ‘proof of working’ as an insurance claim is passed through departments, is highly visual and easier to monitor via a BlockChain, reducing time that lapses between point of claim and resolution. Documentation is logged and shared via the chain; rather than reams of paper. Human intervention is nullified using Blockchain process, as it offers an automated and streamlined service that can be facilitated without the need of manual interaction.

Electronic Health Records

Using a BlockChain-based system, patients can authorize new members of their private, secure their EHR community, approve changes, and govern sharing between their disparate providers. Providers can add a new record associated with a particular patient, and patients can authorize sharing of records between providers. In both cases, the party receiving new information receives an automated notification and can verify the proposed record before accepting or rejecting the data. This keeps participants informed and engaged in the evolution of their records.

Loan Management

The great value of such decentralized lending is that with a single request, lenders are able to validate transactions, verify the legitimacy of counterparties, and perform routine account administration tasks almost momentarily, reducing costs and accelerating the process. Blockchain lending essentially builds on the timeless peer-to-peer model, making the entire process more seamless and reducing the amount of time , it usually takes. Since all transactions are open and auditable, every address can be assigned a credit rating, almost trivially.