Blockchain and Web3 Consulting

We are experts in all fields of the blockchain and Web3 technologies, so no matter if you are a startup or a big enterprise, we can help you define and realize your great ideas.

What is Blockchain?

Blockchain makes possible to transmit information in a secure way using a decentralized database shared by participants and stored on many computers in a peer-to-peer network.
Therefore blockchains are secure and the digital transactions can be independently verified and traceable by all participants.
They are constantly expanded chronologically and linearly, comparable to a chain in which all participating computers are integrated as links and which is constantly expanded by new links (hence the term blockchain).

What is Web3?

Web3 is the next stage of the world wide web development which is based on the blockchain technology.
While the fundamentals of Web2 are centralization, credit card payments and personalized advertising, Web3 is following the concept of decentralization and token based economics.

Benefits of Integrating Blockchain and Web3 in your business

We at Cryptovarna believe that every business can benefit from integration of some of their services on the blockchain and Web3. Some of the advantages to do so are:

Optimized business process

Business processes in IT, Finance, Administration and many other areas of the company can be optimized using blockchain technology. It enables for example simpler tracking in production or logistic processes, where weak points are automatically revealed.

Fail-Safe

Using a traditional, single source on which data resides represents the so called “ single point of failure”. The Failure of this data source means that the source is lost, in many cases forever. Blockchain technology eradicates this problem completely, since all information is stored independently on numerous of machines across the globe.

Manipulation Security

In a traditional business environment there are many processes and information that are particularly worthy of protection, e.g. financial transactions, offers, orders and contracts, or even important documents such as letters or bills. Due to secure encryption methods, validation and authorization mechanisms across the entire network, falsification of Blockchain transactions is impossible.

Decentralization

One of the most prominent advantages of Web3 and the blockchain technology is its fundamental characteristic – the concept of decentralization. There is no governing body or a central person in charge over the network, but all participants have equal rights and share the same information. In addition keeping the data decentralized gives the system a high degree of stability and makes it robust against attack by hackers. Unlike the previous iterations of the internet, Web3 doesn’t rely on a central governing body or authority.