Blockchain experts are rare

The Blockchain: It is known through cryptocurrencies such as Bitcoin, Ethereum, Litecoin or Ripple. Technically, the blockchain is a decentralized database. The stored information can be viewed by anyone at any time and is stored simultaneously in different locations. This makes it virtually impossible to falsify the stored information. Since security and trust are the essential foundations of trading, the blockchain can replace central institutions that establish this trust (e.g. banks). Not every company needs its own Blockchain, but the applications are limitless: from supply chain management to smart contracts to the administration of the IoT. In order for your company to be ready for the future and to benefit from the security of the Blockchain, experts are needed to help you select the right framework for your needs. In recent years, PALTRON has built up a small network of blockchain experts. Furthermore, our software-based and data-driven search process enables us to find suitable candidates within 30 days.

Gain a competitive advantage with the help of Blockchain

In principle, the Blockchain is nothing more than a decentralized accounting system distributed over many different units. This is based on distributed ledger technology (DLT), which is the basic idea behind the Blockchain. What is recorded is irrelevant for now. Although the technology became known through the hype about crypto currencies.

The advantage of the Blockchain is its forgery protection. The accounting is not done by a central institution, e.g. a bank. The entire transaction history is stored on many different computers instead and can be viewed by anyone without disclosing sensitive data. The database updates itself automatically, as the individual computers are connected to each other in a so-called peer-to-peer network.

The stored transactions are grouped into blocks. A block can contain a lot of information: e.g. account information, amounts to be transferred or contracts. From this, an algorithm calculates a number called a hash. The hash acts as a fingerprint of the data. This fingerprint can easily be used to determine when a new transaction changes the original database. Since the hash value of the previous block is always included in the data of the next block, the result is a chain. This also explains the name of the technology: Blockchain.

The application possibilities of Blockchain technology go far beyond cryptocurrencies - which enable two persons to carry out transactions directly with each other, i.e. without an intermediary. Especially in the area of IoT, the application possibilities are limitless. With the help of a Blockchain, for example, the odometer of a car can be tracked and stored forgery-proof. In this way, fraud with counterfeit odometers can be prevented. Smart contracts are another field of application for the Blockchain. These are contracts that automatically execute an action when predefined circumstances occur. Especially the insurance business could be revolutionized by such Smart Contracts.

Whether Ethereum, IOTA or Hyperledger Fabric - we will find blockchain developers and experts for your project, together with PALTRON you will ignite the next stage of digitization ahead of your competitors and secure the market of the future. Through our executive search approach, we are able to identify the candidate who perfectly fits your requirements.

Your contact persons

Josef Günthner

Josef Günthner

Co-founder & Managing Director

contact@paltron.com

+49 (0) 40 180 241 180

Daniel Wernicke

Daniel Wernicke

Managing Director

contact@paltron.com

+49 (0) 40 180 241 180

Verena Netscher

Verena Netscher

Director

contact@paltron.com

+49 (0) 40 180 241 180

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