What is Blockchain Consulting?

What is Blockchain Consulting?

When a client comes to a blockchain consulting company, they help him in and out with his
product idea or the whole product.

From providing him blockchain consultation over the feasibility of his idea with the
blockchain technology to select the ideal blockchain platform for his blockchain product
development. Sometimes, the blockchain progress & consulting company suggests the
customer to just migrate his existing product on the blockchain platform. Blockchain
consulting is an integral part of the blockchain’s increase ideation.
What does a Blockchain consultant do?
The best blockchain consultant helps you to identify the right answers to the questions you
might don’t even know. They will suggest you the blockchain permission, platform feasible
with a use case.
Our Blockchain expert explains the blockchain permissions.
Blockchain permission can be of three types:
Public Blockchain
Public blockchain protocols are not permitted and open-source where anyone can get
involved without permission. It allows anyone to download the code and launch a public

node on their local device and participate in the consensus process. Anyone can send
transactions through the network and view anonymous transactions on the public
blockchain explorer.

Consortium Blockchain

As compared to the public blockchain, consortium blockchain does not allow anyone to
participate in the process of verifying transactions. They provide transaction privacy and are
quite faster. In consortium blockchain, the consensus process is managed by a pre-selected
set of nodes. The right to view or read transactions can be public or restricted to
participants of the network.

Private Blockchain

In private blockchain, read permissions can be public or restricted to some participants but
write permissions are kept centralized to only one company. An Example of such App
includes internal auditing or database management.

Which is the right a Blockchain a platform for my use case?

Before you think to build a blockchain solution for your industry, you should select the right
blockchain platform.

Only an experienced blockchain expert can help you choose an ideal blockchain platform.
Their solution will have the following basis:

1. How much privacy your blockchain solution requires?

2. Level of scalability you require

3. Type of Blockchain App you need to build. For example, public, private or permissioned.

4. Consensus Algorithm

5. Smart Contract Functionality