Blockchain Development

Understanding the differences blockchain vs cloud computing between these technologies is crucial for leveraging their full potential.

Explore how blockchain computing revolutionizes data security and operational efficiency. Learn about its benefits, challenges, and real-world applications.

Explore how blockchain enhances IoT security by preventing fraud, ensuring data integrity, and improving device authentication. Discover benefits, challenges, and trends.

Discover how blockchain in eCommerce has been revotionalized by enhancing security, transparency, and efficiency. Learn its benefits, challenges, and real-world applications.

There are significant differences between private vs public blockchains, each with its unique advantages and disadvantages.

Discover emerging threats that are threatening the fintech industry and find out solutions for them with our expert’s insight!

Blockchain technology is revolutionizing various industries, and the banking and finance sectors are no exceptions. 

If you’re new to blockchain app development, this guide will help you understand the basics to develop your own app.

Understanding how to use AI in finance can provide you with a competitive edge, streamline operations, and enhance decision-making.

Let’s see how blockchain game development is revolutionizing the industry, offering new opportunities for developers and gamers alike.

​​​​​​​Blockchain technology has the ability to disrupt industries as it is decentralized, transparent, and secure by design. Consensus mechanism, in fact, is the most basic component that allows blockchains to work properly. In this blog we look at what a consensus mechanism is, why it is important, what are the several types that exist, and real-life examples where blockchain uses these consensus mechanisms.

With its decentralized, transparent, and immutable approach to solving various problems, blockchain technology has become a game changer in many industries. As it has gone upwards, the question of security has also risen and has led to the creation of bull-strong security measures, and specialization in projects to secure blockchain networks. This blog gets into the nitty-gritty of blockchain security detail, 8 notable projects and companies that currently serve the niche, accompanied by best practices, and key takeaways.

Today, with the world of business being more connected than ever, the importance of proper data protection cannot be overemphasized. Businesses are seeking ways to safeguard important information from emerging cyber threats on a daily basis. Two of the crucial technologies that must be integrated into the strategy in order to keep data well-protected are tokenization and encryption. Despite having the same objective of safeguarding data from unauthorized access, both technologies have varied mechanisms. This blog unravels the nuts and bolts of tokenization and encryption and explores the concept of the uniqueness of these two technologies and the advantages provided by them.

Data breaches are increasingly becoming one of the greatest concerns for most organizations worldwide. In a report by Verizon dated 2017, it found out that 81% of data breaches are caused by stolen or weak passwords; this, therefore, calls in the importance of the security of the password in organizations. In countering this, cybersecurity has taken an even more advanced measure with tokenization and hashing. Tokenization and hashing are two of the security approaches, each with distinct approaches to guaranteeing information security. Let's dive deep into these two awe-inspiring methods with GCT Solution.

The financial landscape is undergoing a profound transformation, driven by the rapid adoption of blockchain technology and the advent of tokenization. This innovative process, which involves converting ownership rights in assets into digital tokens on a blockchain, is not just a theoretical concept but a burgeoning market force. As of 2023, the market for tokenized assets is projected to reach a staggering $16 trillion by 2030, highlighting the immense potential and growing investor interest​ (Hackernoon)​. This growth is underpinned by the increasing tokenization of traditional financial assets, diversification into new asset classes, and significant advancements in regulatory frameworks and technology. As we look ahead to 2024, understanding the trends and catalysts driving this revolution is crucial for businesses and investors seeking to capitalize on these emerging opportunities.

With the increasing number of cyber attacks and data breaches, organizations and individuals must implement effective security measures to protect sensitive information from unauthorized access. Two fundamental concepts in secure communication are cryptography and encryption. According to a report by Cybersecurity Ventures, the global cost of cybercrime is expected to reach $10.5 trillion annually by 2025, up from $3 trillion in 2015. This alarming statistic highlights the importance of implementing robust security measures, including cryptography and encryption, to protect sensitive data and ensure secure communication. Understanding the differences between cryptography and encryption, as well as the role of cryptographic controls and cryptology, is essential for implementing effective security measures and protecting sensitive data from unauthorized access. Let's gain an insight from GCT Solution's experts!

Cryptography attacks are a significant threat to digital security, exploiting vulnerabilities in cryptography systems to gain unauthorized access to sensitive information. According to a report by the Identity Theft Resource Center, in 2021, reported losses exceeded $6.9 billion for Americans, with an average loss of over $8,140 per complaint. The cost for U.S. organizations topped $9.4 million, highlighting the financial impact of cybersecurity incidents. Understanding the various types of cryptography attacks is crucial for developing robust security measures. These attacks can be highly effective, and it is essential to use strong encryption algorithms and keys to defend against them. Let's dive deeper into this comprehensive guide with insights from GCT Solution’s experts! What is a Cryptography Attack? Cryptography attacks are methods used by cybercriminals to breach, decrypt, or steal encrypted data. Encryption is a security technique that converts plain text into unreadable code, making it difficult for unauthorized users to access sensitive information. However, with the right tools and techniques, attackers can crack the encryption and access the data. Security attacks in cryptography can have severe consequences, including financial loss, reputational damage, and legal liability. For example, the Heartbleed Bug, a vulnerability in the OpenSSL cryptography library, affected millions of websites and resulted in the theft of sensitive information from many of them. This cost companies millions of dollars in remediation efforts and legal fees.

The use of smart contracts has become increasingly popular, with the global smart contract market size projected to reach USD 34.4 billion by 2027, growing at a compound annual growth rate (CAGR) of 24.1% from 2020 to 2027. Smart contracts are self-executing agreements with the terms of the contract directly written into lines of code, enabling automation, efficiency, and security in contract execution. Among the various types of smart contracts, smart legal contracts have gained significant attention due to their potential to revolutionize the legal industry by automating legal processes, increasing transparency, and reducing costs. This article provides an in-depth analysis of smart legal contracts, including their benefits, challenges, legal implications, and real-world use cases.

Decentralized web hosting emerges as a disruptive solution, leveraging distributed networks and blockchain technology to redefine how websites are stored and delivered. With the global decentralized web hosting market projected to grow at a staggering CAGR of 47.1% between 2021 and 2028, reaching a market size of $1.48 billion by 2028 (ResearchAndMarkets), the shift towards decentralization is not just a trend but a transformative force reshaping the digital landscape. Let's delve into the world of decentralized web hosting and uncover its transformative potential with GCT Solution!

​​​​​​​The blockchain industry is experiencing unprecedented growth, with the global blockchain market size reaching $10 billion in 2023 and projected to soar to $1.4 trillion by 2030, showcasing a remarkable 87.7% compound annual growth rate. As blockchain technology continues to disrupt traditional industries and drive innovation, the demand for skilled blockchain developers is on the rise. In this comprehensive blog, we dive into the essential roadmap, providing insights and guidance for aspiring developers looking to navigate this dynamic and transformative field.

Crypto wallet enables users to participate in the decentralized economy of cryptocurrencies, which offer various benefits such as transparency, privacy, lower fees, and faster transactions. With increasing demand, crypto wallet development increasingly requires high technology investments. Here is all you need to know about crypto wallet development!

Blockchain technology can be used to create innovative and impactful solutions for real-world problems, especially in mobile platforms. If you have been searching for this solution for some time and looking for a brief but detailed guide to blockchain mobile app development, let’s dive in now in this 5-minute article.

Decentralized applications is a very broad concept but becoming more popular than ever. People who work in finance, technology, gaming… industry are learning about it to keep up with the development of high-technology. There are many complex introductions about it. GCT Solution will bring you a comprehensive introduction in an easy-to-go approach right here.

The demand of hiring crypto developers is increasing to meet the requirements of blockchain projects. Nowadays, there are many ways to hire talents in this industry. In this 5-minute article, let’s dive into 3 popular approaches to recruiting crypto developers.

As one of the most disruptive technologies of our time, blockchain has the potential to transform the retail industry in profound ways. In this article, we'll examine how blockchain in retail has already been used, what current trends are shaping its future, and how retailers can stay ahead of the curve by embracing this technology. Let's delve in!

Blockchain technology, once synonymous with cryptocurrencies like Bitcoin, has transcended its origins to change the business world. This decentralized and secure ledger system has found applications across various industries, promising transparency, efficiency, and security.  In this comprehensive exploration, we will delve into what blockchain is in a business context, examine its adoption across industries, and take a closer look at some real-world use cases!

Smart contracts represent one of the most useful applications of blockchain technology. Taking advantage of the applicability of blockchain, smart contracts help us program and save additional data into blocks while still ensuring decentralization, security and transparency. In this article, GCT Solution shares the basics about the introduction and method of smart contract development.

Choosing the right blockchain development agency for your project can be a challenging task, as there are many factors to consider and many options to choose from. Let’s explore a list of 12 blockchain development agencies collected by GCT Solution that might help you in your decision-making process

The supply chain is undoubtedly key to the success of many businesses as it allows manufacturers to ensure their product meets the market demand. However, traditional supply chains often suffer from inefficiencies, lack of transparency, and a vulnerability to fraud. Blockchain technology offers a promising solution to these challenges, revolutionizing the way supply chains operate. In this blog, we will delve into the concept of blockchain in the supply chain, explore its importance, and examine various use cases where blockchain is being implemented.

As 2023 becomes the turning point year for technology, fintech is gaining traction like never before. Indeed, the financial technology (fintech) industry has been rapidly evolving in recent years, revolutionizing the way we manage our finances and disrupting traditional financial services. As we step into 2023, it is essential to take a closer look at the emerging trends that are set to dominate the fintech landscape. In this blog post, we will explore eight key trends forecasted by industry experts and professionals that will shape the fintech industry in 2023. 

The fintech ecosystem has emerged as a transformative force in the growing fintech industry. Fintech, an amalgamation of finance and technology, represents the intersection of traditional financial services and innovative technological solutions. This blog explores the fintech ecosystem, highlighting its importance, core attributes, and how GCT Solution, an IT Outsourcing company in Vietnam with a vast network of global companies, can support businesses in navigating this dynamic landscape. Let’s begin!

Vietnam, with its rapidly growing economy and tech-savvy population, has emerged as a hotbed for financial technology (fintech) innovation in Southeast Asia. Fintech solutions have gained significant traction in Vietnam, revolutionizing the way financial services are delivered and consumed. In this blog, we will conduct a SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis of the fintech landscape in Vietnam, providing valuable insights for clients in other countries seeking to invest in or partner with fintech companies in this flourishing market.

Embedded finance has swiftly emerged as a phenomenon in the fintech industry, revolutionizing the way people engage with financial services. This concept enables users to seamlessly conduct transactions and payments within non-financial platforms, products, and services, blurring the lines between traditional banking and everyday activities. Research conducted by Bain & Company reveals that nearly 61% of consumers are willing to try financial products or services offered by non-financial companies. Acknowledging the increasing demand for embedded solutions, this blog explores the concept of embedded finance, its use cases, the reasons why it is considered the future of fintech, and how to find the right providers for embedded finance solutions.

Decentralized exchanges (DEXs) have gained significant traction in the cryptocurrency space due to their ability to empower users with control over their funds and facilitate direct peer-to-peer transactions. These exchanges operate on blockchain networks, leveraging smart contracts to enable trustless and transparent trading. In this article, we will delve into the world of decentralized exchanges and highlight the top contenders based on their features, trading volumes, liquidity, and real-world cases that demonstrate their impact in the industry.

With the rapid growth of the cryptocurrency market, centralized exchanges have played a pivotal role in facilitating the buying, selling, and trading of digital assets. These exchanges offer users a user-friendly platform, liquidity, and advanced trading features. In this article, we will explore the top contenders in the realm of centralized crypto exchanges, providing an overview of their features, security measures, trading volumes, and examples to establish their reputation as the best in the industry.

The rise of cryptocurrencies and blockchain technology has paved the way for new forms of digital asset trading in recent years. Centralized exchanges (CEXs) have long been the dominant players in the crypto space, but decentralized exchanges (DEXs) have gained significant attention and popularity recently. For beginners in the blockchain industry, distinguishing these two terms separately is a tackling job. Hence, this article aims to provide an in-depth comparison of decentralized exchanges and centralized exchanges to help you grasp a better idea of these two technical terms and pick which fit your needs most. By examining the advantages and disadvantages of each type, we can better understand which model may be more suitable for various use cases.

Centralized Cryptocurrency Exchange (CEX) has emerged as a rising star in the dynamic pace of cryptocurrency world, especially in the buying and selling of digital assets. As the name suggests, CEXs operate on a centralized model, where transactions are facilitated through a trusted intermediary. In this blog post, we will delve into the intricacies of centralized exchanges, explore their types, benefits, and working mechanisms, and discuss the cost involved in creating a CEX.

Decentralized Exchange (DEX) has been listed as one of the innovations that have revolutionized the crypto trading landscape. Unlike traditional exchanges that rely on intermediaries to facilitate transactions, DEXs operate on blockchain technology and smart contracts, allowing users to trade cryptocurrencies directly with one another. In this blog post, we will explore the world of DEX development, its types, use cases, and how to start a decentralized exchange. We will also touch upon the cost of creating a DEX and discuss some of the best DEX platforms available today. Let’s get started!

Blockchain technology has been gaining popularity in recent years for its ability to revolutionize the way transactions are made and records are kept. According to a report by MarketsandMarkets, the global BaaS market size is expected to grow to USD 15,455.0 million by 2023, at a CAGR of 90.1% during the forecast period. With its decentralized nature and high level of security, blockchain has the potential to transform various industries, from finance to supply chain management. However, despite its promising features, implementing blockchain technology can be costly and time-consuming. This is where Blockchain as a Service (BaaS) comes in, providing a more accessible and cost-effective way for businesses to adopt and leverage blockchain technology.

Blockchain technology has revolutionized the way we conduct transactions, store data, and manage information. Recently, a survey conducted by Deloitte found that 53% of executives believe that blockchain technology has become a critical priority for their organizations. With its decentralized and tamper-proof nature, it has emerged as a powerful tool for industries like finance, healthcare, logistics, and more. However, not all blockchains are the same. There are two broad categories of blockchains: private and public. In this blog, we will explore the differences between these two types of blockchains and provide examples to illustrate their applications.

Blockchain cybersecurity has recently emerged as a breakthrough solution for the increasing threat of cyber attacks. According to a report by MarketsandMarkets, the blockchain cybersecurity market is expected to grow from $90.4 million in 2020 to $1.4 billion by 2026, representing a compound annual growth rate (CAGR) of 58.9%. This underscores the urgent need for businesses and individuals to take proactive steps to safeguard their digital assets. In this blog, we will explore the emergence of blockchain as a potential solution to the cybersecurity challenges, the leading blockchain security company, and how blockchain technology can revolutionize cybersecurity.

Blockchain technology has come a long way since its inception in 2008. Today, it is used in various industries and applications, ranging from finance to supply chain management, and even gaming. However, the success of blockchain technology largely depends on its infrastructure. Blockchain infrastructure refers to the underlying technical framework that supports the functioning of blockchain networks. In this article, we will discuss what blockchain infrastructure is, the types of blockchain infrastructure, why blockchain needs an infrastructure, and how to build a blockchain infrastructure.

In recent years, the blockchain industry has experienced unprecedented growth, and the use of oracles has played a significant role in this development. According to a report by MarketsandMarkets, the global blockchain market size is projected to reach USD 39.7 billion by 2025, with a CAGR of 67.3% during the forecast period. Oracles, which act as bridges between blockchain networks and external data sources, have emerged as essential components that enable the blockchain to operate in the real world. Oracle Blockchain, a powerful tool that provides tamper-proof inputs and outputs for smart contracts, has become a game-changer in the industry, allowing for more complex and diverse applications. In this blog, we will delve deeper into the concept of Oracle on a blockchain, examine an example of an Oracle Blockchain, and discuss its importance. We will also explore the leading blockchain oracle and how oracles generate revenue. Let’s get started!

Learn about ICOs and blockchain development, including what they are, how they function, what their benefits are, and some examples of initial coin offerings.

Insurance firms are overturning the traditional model in order to provide innovative services to customers with better protection for less money. Meanwhile, blockchain is one of these disruptive technologies, which companies like Etherisc and B3i are using to bring transparency, efficiency, and trust to the insurance industry. As one of the most recent trends in the insurance industry, blockchain provides numerous advantages to both consumers and insurers. While some startups use blockchain to mitigate real-world risks, others, such as Lloyd's of London, use it to safeguard crypto insurance projects. Overall, blockchain insurance companies have the same goal: to reduce claim processing costs, improve customer experience by making information more accessible, and increase transparency among all parties involved. In this article, GCT Solution - one of the credible cryptocurrency insurance companies in Vietnam, looks at a few ways blockchain is being used and tested in the insurance industry.

DeFi, or decentralized finance, in recent years, is like a “boom” around the world. Even outsiders of the financial sector take part in this race. So, what makes DeFi become so attractive? What is DeFi? How does DeFi work? What are benefits of DeFi?

A lot of logistics businesses worldwide have faced difficulties with regard to sustainability, visibility, and adaptability. These factors, together with the digital disruption brought on by the pandemic, have made it crucial for logistics organizations to adapt quickly to change through digitalization of logistics, supply chain management, and transportation. Applying blockchain in logistics can gradually solve problems in the sector. In this article, GCT Solution, a blockchain development company in Vietnam will show you significant blockchain use cases in logistics in recent years.

Global education sector has changed thanks to blockchain technology. Blockchain can greatly enhance the education domain with digital academic assets, online classrooms, etc. In this article, GCT Solution, a blockchain development company in Vietnam, will show 5 applications of blockchain in education that are popular worldwide.

Many platforms and applications that use blockchain or distributed ledger technology must include smart contracts in order to operate well. In this article, GCT Solution, a blockchain development company in Vietnam, will provide an overview of smart contracts, including definition, benefits and drawbacks in reality.

Since its inception, blockchain constantly contributes innovations to the finance industry. Because blockchain is decentralized, it sharply transforms traditional financial operations, leading to more sophisticated and efficient solutions. In this article, GCT Solution, a blockchain development company in Vietnam, will list some outstanding blockchain applications in finance.

For recent years, the need for healthcare services has been growing, and the healthcare industry has been expanding quickly. The healthcare sector gradually transitions to employing technology platforms for scheduling medical examinations, remote monitoring, and storing patient information. Due to the Covid-19 pandemic, the healthcare sector is currently experiencing a number of growing technologies, including blockchain-based electronic health records (EHR), telehealth, artificial intelligence (AI), 3D printing, and so on. In this article, GCT Solution, a blockchain development company in Vietnam, will analyze blockchain as a viable technology that can address many issues facing the healthcare sector.

Recently, blockchain technology has developed for several tasks in numerous industries. Cybersecurity is one of the areas where blockchain potential has been greatly exploited. Data protection and privacy are becoming increasingly important to both individuals and businesses, because they affect not just their reputation but also their safety, security, and political integrity. In this article, GCT Solution, a blockchain development company in Vietnam, will define 4 significant blockchain cybersecurity solutions around the world in recent years.

Many people misunderstand blockchain, even those who always update the latest technologies. For this reason, entering or transitioning into blockchain development might seem challenging for many businesses. However, blockchain technology is less mysterious than rumor. The article written by GCT Solution, a blockchain development company in Vietnam, suggests 9 essential steps for the blockchain development process.

In recent years, blockchain has become a “boom” among developers and businesses looking to streamline operations, ensure security, and improve visibility. But there are a lot of misunderstandings or ambiguities about blockchain benefits, use cases, and categories. In this article, GCT Solution, a top blockchain development company in Vietnam, will dive into what blockchain is, benefits of blockchain development, applications of blockchain in different industries, and more.