Santhrupti Shankar

Have you been prudent and ridden the cryptocurrency wave? Or, do you want to start now and make sure that you are a part of the Bitcoin and Blockchain buzz? Even if you’re tech-savvy, it would be great to have expert advice! Enter: Blockchain Consulting Firms.

So, what should your ideal blockchain consulting expert look like? What services should you expect from your blockchain consulting partner? Here’s the run down.

1. Blockchain Solutions

Blockchain technology is revolutionizing the way in which information is stored and shared. It facilitates the creation of a distributed public ledger of transactions that is transparent, secure, self-validating, and cannot be forged. Tampering or tinkering with the data is impossible as a copy exists with every user or participating nodes.

With diverse applications in numerous industry sectors from maintaining land records, establishing identity, banking industry, making academic credentials universally recognizable and verifiable, real estate, voting, Internet of Things, healthcare and many more, blockchain technology is disrupting the existing practices across various industry verticals.

What they should offer:

• Technology Solutions
• Consulting Services
• Development Services
• Integration Services
• Testing Services
• Industry-specific Blockchain Solutions

2. Development of New Coins

Do you look around the market place and feel that you’re not enamoured by any of the existing coins? Have you decided to jump on to the cryptocurrency creation bandwagon? Do you need technical expertise to create your own cryptocurrency or alt coins (alternate coins)?

Your blockchain consulting partner’s team of skilled professionals should help you, whether you want to build from scratch or create fork coins. Your ideal blockchain consulting firm should do all the technology-related heavy lifting and be your expert technology partner! Their technical specialists should have at least 10+ years of programming experience, and be able to create and customise cryptocurrency with the features that you want included.

3. Fork Coins

Are you looking to create your own cryptocurrency but don’t want to build from scratch? Are you looking to harness the benefits of launching with a secure blockchain, accessing built-in decentralized exchanges and not having to do all the laborious back-end work of the technical development of your cryptocoin, by tweaking and building on top of existing coin codes? Then, fork coins are your solution.

To create your fork coins and customise it with workable and successful features, you will need an experienced and trusted technology partner. From fork coin creation to helping you choose the appropriate encryption algorithm to launching your newly created coins, the experts at your blockchain consulting firm should understand all of your needs and provide solutions that are completely customised to your requirements.

4. ICO Launch

With Initial Coin Offering (ICO) being the most preferred method of raising capital for businesses through crowd sales with allotment of tokens, having an experienced team of professionals to provide you turn-key support becomes essential.

Your blockchain consulting firm’s experts should not only give you unmatched technical solutions but should also provide complete end-to-end assistance and handholding, starting from the analysis of your business concept to helping you successfully launch your ICO.

Their ICO services should at least include:

• Business concept review
• Whitepaper writing
• Token creation and allotment
• Promotion of ICO including through use of media
• Hosting of crowd sale platform and crowd sale management

5. Block Explorer Development

Look for technical specialists who come with extensive programming and blockchain experience, and can develop top-notch block explorers for you that will give you up-to-date information about blocks, addresses and transactions on the blockchains of your choice.

They should be able to customize the block explorer to display heights, age, number of transactions and size of the latest blocks as well as who mined it. They should also be capable of designing it to provide the most recent hash and value out readings of the latest transactions. They should also offer you a customised experience by including any other parameters that you may want to track.

6. Mining Pools Development

Running your own mining pool requires extensive experience in systems administration, in-depth understanding of cryptocurrencies, ability to quickly locate and fix issues to minimize downtime, and can be very expensive.

Your blockchain consulting firm’s experts should be able to help you develop mining pools, either for single or multiple currencies, as per your requirements. They should be able to create customised dashboards along with charts, pool statistics including number of active workers, number of active users, current round duration etc. They should provide solutions to continuously monitor your worker hash rate, and configure charts to display your hash rate distribution and hash rate/location.

7. Mining Solutions

Whether you are a mining enthusiast or a professional miner with your own farm, your blockchain consulting partner must be able to provide multiple mining solutions:

• Cloud mining solutions (if you don’t have your own miner).
• Dedicated mining including hosting, energy and mining pools.
• Co-location mining by sharing equipment with another member, who is signed up with your particular blockchain consultant, located in close proximity to you. This would be great in terms of cost reduction!

Whatever your business needs, look for a partner who not only comes with the requisite industry expertise but with the hunger to give you the solutions and support that you’re looking for!