Category Archives for "Software development"

May 29

What is Blockchain Technology? IBM Blockchain

By Thrive | Software development

Security is ensured since the majority will not accept this change if somebody tries to edit or delete an entry in one copy of the ledger. While confidentiality on the blockchain network protects users from hacks and preserves privacy, it also allows for illegal trading and activity on the blockchain network. As we now know, blocks on Bitcoin’s blockchain store transactional data.

Where is blockchain used

Embracing an IBM Blockchain solution is the fastest way to blockchain success. IBM has convened networks that make onboarding easy as you join others in transforming the food supply, supply chains, trade finance, financial services, insurance, and media and advertising. Most public blockchains arrive at consensus by either a proof-of-work or proof-of-stake system.

Private blockchains

This saves time as well as the cost of paying for an intermediary like a bank. Using this process, they could transfer the property deed without manually submitting paperwork to update the local county’s government records; it would be instantaneously updated in the blockchain. Blockchain can also be used to record and transfer the ownership of different assets. This is currently very popular with digital assets like NFTs, a representation of ownership of digital art and videos. MediLedger uses blockchain to provide healthcare and pharmaceutical companies with a unified view of their customers, products and pricing, as well as verification of medicine authenticity.

  • But the key difference between a traditional database or spreadsheet and a blockchain is how the data is structured and accessed.
  • Transactions follow a specific process, depending on the blockchain they are taking place on.
  • As a buzzword on the tongue of every investor in the nation, blockchain stands to make business and government operations more accurate, efficient, secure, and cheap, with fewer middlemen.
  • Essentially, blockchains can be thought of as the scalability of trust via technology.
  • Blockchain explorer programs let even people who aren’t part of the network see transaction data in real time to increase transparency.

Its impact on today’s world can be likened to the advent of the Internet back in the 1990s. In short, blockchain has the potential to revolutionize almost every digital operation we know today, from sending payments and issuing contracts to undergirding complex industrial and government operations. Karl Montevirgen is a professional freelance writer who specializes in the fields of finance, cryptomarkets, content strategy, and the arts. Karl works with several organizations in the equities, futures, physical metals, and blockchain industries.

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Cryptocurrencies are digital currencies (or tokens), like Bitcoin, Ethereum or Litecoin, that can be used to buy goods and services. Just like a digital form of cash, crypto can be used to buy everything from your lunch to your next home. Unlike cash, crypto uses blockchain to act as both a public ledger and an enhanced cryptographic security system, so online transactions are always recorded and secured.

Where is blockchain used

The network would reject an altered block because the hashes would not match. Although blockchain is a relatively new technology, it already boasts a rich and interesting history. The following is a brief timeline of some of the most important and notable events in the development of blockchain. In a blockchain every block has its own unique nonce and hash, but also references the hash of the previous block in the chain, so mining a block isn’t easy, especially on large chains. Have I mentioned how important transparency and immutability are yet?

Exploring Budget-Friendly Web Hosting and Low-Cost VPS Solutions in India: Advantages and Key Features

This not only reduces risk but also the processing and transaction fees. Some companies experimenting with blockchain include Walmart, Pfizer, AIG, Siemens, and Unilever, among others. For example, IBM has created its Food Trust blockchain to trace the journey that food products take to get to their locations.

Imagine it as a strongly encrypted and authenticated shared Google Document, where each item in the sheet is dependent on a logical relationship to all its predecessors and is agreed upon by everyone on the network. They then need to store this physical cash in hidden locations in their homes or other places, incentivizing robbers or violence. While not impossible to steal, crypto makes it more difficult for would-be thieves. They would need to control a majority of the network to do this and insert it at just the right moment. This is known as a 51% attack because you need to control more than 50% of the network to attempt it. Every miner starts with a nonce of zero, which is appended to their randomly-generated hash.

Supply Chain Monitoring

The amount of work it takes to validate the hash is why the Bitcoin network consumes so much computational power and energy. In Bitcoin, your transaction is sent to a memory pool, where it is stored and queued until a miner or validator picks it up. Once it is entered into a block and the block fills up with transactions, it is closed and encrypted using an encryption algorithm. The hash is then entered into the following block header and encrypted with the other information in the block. We’ve rounded up 37 interesting examples of US-based companies using blockchain.

One of the hot-button topics on any news network at the moment is gun control and/or weapons accountability. Blockchain could create a transparent and unchanging registry network that allows law enforcement and the federal government to track gun or weapon ownership, as well as keep a record of weapons sold privately. Cryptocurrencies simply couldn’t be stopped in 2017, and blockchain technology is to thank for that.

Decryption and Theft of Private Keys

For all of its complexity, blockchain’s potential as a decentralized form of record-keeping is almost without limit. From greater user privacy and heightened security to lower processing fees and fewer errors, blockchain technology may very well see applications beyond those outlined above. The first concept of blockchain dates back to 1991, when the idea of a cryptographically secured chain of records, or blocks, was introduced by Stuart Haber and Wakefield Scott Stornetta. Two decades later the technology gained traction and widespread use. The year 2008 marked a pivotal point for blockchain, as Satoshi Nakamoto gave the technology an established model and planned application. The first blockchain and cryptocurrency officially launched in 2009, beginning the path of blockchain’s impact across the tech sphere.

Where is blockchain used

Yet managing this data can be difficult, and to this day some of these records only exist in paper form. And sometimes, citizens have to physically go to their local government offices to make changes, which is time-consuming, unnecessary, and frustrating. Blockchain technology could simplify this recordkeeping and make the data far more secure. As specialized connected medical devices become more common and increasingly linked to a person’s health record, blockchain can connect those devices with that record. Devices will be able to store the data generated on a healthcare blockchain and append it to personal medical records.


At its simplest form, a blockchain is a digital collection of information about transactions. This is also called a ledger, which is why this word is often used when describing blockchain technology. Insurance smart contracts on the blockchain will be self-executed when the conditions underlying the insurance agreements have been met. There is no tampering of records stored on blockchain, therefore there can be no false claims or duplicate claims. Probably the most direct and regulated way to invest in blockchain tech is by investing in stocks of publicly traded companies that are developing blockchain networks. Any industry that can use a peer-to-peer transaction system with an immutable ledger can benefit from blockchain technology.

Nov 21

Agile Offshore Software Development Company in Vietnam

By Thrive | Software development

It may be necessary to delegate tasks a day or two early to account for time zone differences. Onshore developers often have a similar workflow and can easily communicate and collaborate with organizations within the same country. There are many reasons why organizations choose to outsource services, such as to cut back on resources and create more room for growth by focusing on other aspects of the company. The Software Development Company should stays updated with the current development of technologies. But not all of the technical advantages and monetary benefits of Vietnam Offshore Development Centers are leveraged for business advancements. In fact, for potential Vietnamese developers, it is quite underused and now might be the right time to analyze the country’s Software Development Companies and Centers.

Offshore Software Development Services

Onshore When a client decides to transfer the tasks of software development to a firm based in the same nation, this is called onshore outsourcing. Tech change is unstoppable, with new applications and methodologies popping up every day. Expert and highly-specialized software engineers in technologies such as blockchain, artificial intelligence, and the internet of things will be needed now more than ever.

Visa requirements

Décor is developing enormously, such as Artificial Intelligence, Natural Languages processing, and many more, which are changing as the industries operate. The developers hired through the offshore development approach possess multiple resources that help improve their development skills and ability to create disruptive software. The cost of offshore development companies can vary considerably, ranging from just a few hundred dollars to thousands for a single project. Software development project costs also depend on the country where the developer operates.

Offshore Software Development Services

The latter hires a team of software professionals responsible for specific long-term tasks. There is a common misconception that the only aspect that businesses must consider when it comes to sales is the difference between products. However, software development rates can also vary based on other factors, such as the market. Onshore development rates also vary considerably based on the category of software development software, such as enterprise-grade software, high-market software, mid-market software or low-market software.

The latest technologies

This will help you learn about the process, get detailed information, and choose the right team for you. We have delivered highly scalable & secure offshore software development solutions to clients in diverse industries, including retail, healthcare, banking, travel, and more. Following are the industries we cater to for offshore software development services. Dedicated Development Team Hire top talent as your offshore dedicated development team and save yourself from recruitment hassles, training & infrastructure cost, and investment for upgrading to new technologies. We use custom teams to help agencies and businesses scale their software design & development capabilities.

With this type of development model, projects must be completed in sequential steps, resulting in minimal flexibility. This unique approach is fairly hands-off and the goals are established from the start. The industry is growing at a rapid rate, making it necessary for many businesses to seek software development services outside of the country. In many cases, the onshore software development model seems like a safer and more convenient choice. Choosing to outsource within the country typically means working with individuals who speak the same language, eliminating possible language barriers that may occur when offshore development.

Software development company having the relevant technical skills to build the product. Do you not believe that your present software meets the real requirements or inhibits your growth? To improve the effectiveness of your current software, we provide legacy system upgrade services. Our professional programming team will retain and improve your product in the future. We are willing to take on the challenge of migration from the legacy system.

Offshore Software Development Services

There are several key benefits to using this framework, including increased productivity, faster time to market, increased quality, higher employee engagement and overall greater job satisfaction. When deciding whether the offshore software development model is right for a particular organization, there are several things businesses should consider. Meetings are commonly scheduled throughout the software development process. Regular meetings help keep all parties informed on the progress of the project and keep the project on track. Meetings are also the ideal time to bring up challenges that developers may encounter. Company culture is a vital element of every software development company that wants to thrive in today’s competitive business market.

Which Health Companies Benefit the Most from Offshore Software Development?

Mobile app development outsourcing involves assigning some work to a third party. You can outsource the app design, frontend development, or the creation of the entire application. To help you better understand what offshore software development is, we’ll introduce you to another important concept – outsourcing.

In this case, you won’t have to worry about finding someone to manage the workflow. Instead, all these problems and many more will be solved by the company. Having a mobile presence has become essential for businesses to survive and reach a broader audience in today’s… The new status confirms that Nova Software is qualified to provide professional services using the Kentico CMS. Can take ownership of leading the team to achieve the client’s business goals.

With increasing demand worldwide, recruiting and staffing have been more difficult for many companies. However, offshoring completely eliminates these problems, while equipping you with the best experts from around the world, depending, of course, on the company you choose. You should pay attention not just to the quality of the work the team delivers.

  • When the project reaches the development stage – Once you have the idea and the structure of the app ready, now would be the time to connect with the software development partner and initiate the journey.
  • Organizations that use offshore development services must learn how to best navigate their conflicting schedules.
  • You can connect with our project managers to share your business requirements.
  • Although these improvements do not directly reduce employment levels but rather increase output per unit of work, they can indirectly diminish the amount of labor required for fixed levels of output.
  • They provide customers good value for their money, put the company ahead of the competition, and help it win the market.

You can address the problem by contacting a partner firm and signing an NDA. The internal recruitment may be completed in some days rather than months. So, you may select the best offshore developer by considering different specialists from all around the world offshore software development benefits with various talents and expertise. In this case, the time to market and costs would be reduced, and you’ll be able to outperform your domain competitors. A. You can ask the development team to work on a collaboration platform whose access you share.

QA and Testing

Use technology to automate and streamline resource management processes. The ability to quickly scale resources enables a business to respond quickly to changing circumstances. Risks and threats of outsourcing must therefore be managed, to achieve any benefits. In order to manage outsourcing in a structured way, maximizing positive outcome, minimizing risks and avoiding any threats, a business continuity management model is set up. BCM consists of a set of steps, to successfully identify, manage and control the business processes that are, or can be outsourced. Supply chain management with effective use of supply chain partners and business process outsourcing can increase the speed of several business processes.

Offshore Software Development Services

An example of offshoring would be a Polish software development company maintaining and developing the IT systems of a company from the United States. In the case of some companies, the time difference is a desirable feature, as it enables continuous and round-the-clock execution of tasks such as the maintenance or even development of systems. Offshore development services provide businesses with custom-built software and dynamic web and mobile applications and let them benefit from significant costs savings and business processes optimization. We apply our technological expertise, skills and knowledge to provide reliable offshore development services.

Do you have an App Idea?

In the dedicated Development Team Model, your outsourcing service provider puts together a team of developers and dedicates them to your software development. The technology landscape is developing quite rapidly with technologies such as artificial intelligence, blockchain, natural language processing and many more changing how industries operate. For developers, multiple resources also exist in offshore development, which enhances the developing experience and their ability to create powerful software that leverages disruptive technologies. The choice between offshore app development and outsourcing depends on the specific needs and requirements of the client and project. Assess goals, budget, and resources and seek industry expert advice before making a decision. Before COVID-19, companies were actively looking for profound organizations or firms that can provide offshore development services.

Hire Dedicated Software Developers or Teams – for Web or Mobile Apps

It is achieved when developers prioritize the needs of customers and adhere to established processes for documenting, negotiating, and fulfilling customer requirements. In addition, Indian programmers are known for their problem-solving skills and ability to solve technical issues during the software development process. They work well under pressure and deadlines, making them reliable employees. Your chosen outsourcing agency’s office is located in a country with a good reputation in programming and software engineering. This way, you can ensure that your service provider will provide you with skilled programmers who can produce a high-quality product. Hire an autonomous expert team that, consists of Software Engineers, Quality Analysts, Project Managers and other professionals to deliver efficient and timely technology solutions.

If you’re looking to quickly assemble a top-tier offshore development team, consider working with a firm that is well-known and well-established in the IT sector. Examine the team’s portfolio, paying close attention to the projects they’ve completed and the clients they’ve worked with in the past. The development of custom software, web, and mobile applications, as well as software support and maintenance. Interactive and Value-oriented distribution service platform for Movie Studios to rapidly promote their movies more effectively and efficiently. Our portfolio includes a bunch of offshore software development projects in different domains. It’s high time to consider what steps to take before the offshore software development process starts and how to find a reliable company.

How can Appinventiv help with offshore software development?

Recruitment and staffing are becoming more difficult with the globally growing demand. Our team of offshore development uses flexible approaches to programming and communications. We are proactive and we are always looking forward to fresh challenges and possibilities.

Aug 30

Backend WordPress Developer в Boyle Software, Нью-Йорк США, віддалено DOU

By Thrive | Software development

And 21% of consultants are not actively looking to increase their fees. As you might expect, the majority of consultants (79%) want to increase their fees. One of the best ways to build more predictable revenue into your consulting business is to use monthly retainers. Our new survey reveals exactly what high-earning consultants are charging and how you can set fees confidently to amplify your revenue. If you are a more experienced consultant with 2-5+ years of experience, we recommend switching to a higher-leverage pricing model like value-based pricing. In IT, consulting means providing expert knowledge to help companies or individuals solve a business problem through the right technical solution.

software consulting rates

These IT companies have from 2 to 10 consultants, including a CEO, and cooperate with startups, small businesses, and mid-size regional businesses. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see /about to learn more about our global network of member firms.

IT Consulting Rates by Country

Many consultants default to charging the same hourly rate they had when they were an employee. Some consultants also work with companies that have a net-15, net-30, or net-60 payment term. The best model for you depends on how you deliver your consulting services (and your personal preference!). According to Glassdoor, one of the world’s largest job sites, Java consultants get $40/h on average. ZipRecruiter claims that Java consultants charge $62 per hour in the USA. It’s a great option if you want to get an experienced consultant for a reasonable price.

  • Businesses across the world rely on IT consultancy to keep pace with technological advancement in a cost-effective way.
  • And chefs could start a food delivery business by sharing a cloud kitchen instead of renting their own spaces.
  • They’re brought in to give advice (or consultancy) for as long as needed.
  • For example, our backend engineers are proficient in Node.js and Typescript, while our frontend developers code with JavaScript, HTML5, and CSS3.
  • They often develop long-term relationships with clients, integrating and upgrading software systems as your company scales.

Let’s dive into our first consulting fee formula, which is an easy option for beginners. IT consulting stands for providing expert knowledge to solve a business problem through the right technical solution. According to the Grand View Research report, North America dominates and is expected to continue dominating the consulting market when it comes to revenue.

How Much Consultants Plan To Raise Their Fees By

At Deloitte, we help enterprise software and platform companies tackle their most complex challenges head-on. We are a Ukrainian outstaffing company with more than 11 years of experience. During this time, we have helped to create dedicated development teams that help businesses grow.

software consulting rates

For instance, the average IT consulting rates in Central Europe is $25-$50/h. You pay a monthly fee in advance to have consultants on your team anytime you need them and ensure they help make the right decisions during some risky project. To stay competitive and turn technologies into a growth driver, companies of all sizes resort to software consulting. Though, if you need a high-level technical specialist, it’s better to work with IT consultants. They’re often more experienced and have in-depth tech expertise in specific areas.

How Many Consultants Want To Raise Their Fees

View projects implemented using this server side programming language known for its ease of use and speed of development. View projects implemented using this high-level programming language great for general purpose programming. View projects implemented using this javascript framework ideal for building complex, modern user interfaces within single page web apps. With the correct strategy and mindset, consultants can earn five/six figures — or even more — per month. We asked our list of 45K+ consultants these questions for the latest insights into the financials of small consulting firms.

More than 40 companies worldwide are among our clients, including the Japanese online payment solution Paidy, the Israeli company XPLG, and the Canadian FinTech company FinExpert. If the financial situation allows the company, it can choose a specialist from any country, but at the same time, an important factor is the prudent disposition of funds. When hiring workers from the UK or the USA, a company must be prepared that the costs will be quite high. First of all, each country has its own tax, which forms the cost of the hourly work of a specialist.

This applies to both large corporations and small firms that are just beginning to develop and are looking for a team of IT specialists. The software consultant rates may be really high, making it necessary to hire fewer people than necessary. This not only slows the process of production down, but it also reduces the quality of the final product and leads the company to serious losses. That is why it is necessary to look for alternatives in the form of hiring workers from other countries, where the fees per hour are more affordable and financially attractive. This is especially important for companies that are just assembling a working group to create a project.

Why Do Businesses Need IT Consulting?

But there is no better method for raising your rates and creating more value. You’ll have to improve your sales skills, accounting skills, project management skills, and more. You also have to factor in your time spent marketing, making revisions, etc. Consultants are notorious for undercharging — especially when they charge by the hour. Thus, IT consulting normally refer to several most wide-spread industries. Consultants are supposed to improve the business, not just develop some software.