Stay Safe & Innovate
The proliferation of blockchain technologies around the world today is a testament to the impressive embrace of futuristic innovations across the board. From businesses operating in supply chain management, healthcare, Fintech, and real estate, distributed ledger technologies are now becoming commonplace.
Key innovations of blockchain technology especially smart contracts are always known to be self-executing. However, the need to adhere to blockchain maintenance procedures cannot be over-emphasized. The advent of blockchain technology is innovative and at the best revolutionary, but organizations with a functioning blockchain application must pursue maintenance keeping in mind that no human creation is infallible.
Blockchain maintenance will help to detect bugs that slow down the network, as well as open up fractures in the system that can open up the entire blockchain to attack. While these are a few of the invaluable reasons an organization should pay keen attention to blockchain maintenance, executing regular DLT maintenance procedures can also let organizations identify valuable innovation opportunities.
The underlying motive for conducting regular blockchain maintenance is to take responsibility, and not leave the system to chance. Through regular blockchain maintenance of your nodes and systems, you will be taking the proactive step to stay safe and ahead of the innovation curve.
Blockchain Technology: Maintaining DApps
DApps are decentralized applications, and today, it represents one of the most visible implementations of blockchain. As a leading blockchain consulting company we can help you with premium blockchain development services to get started. There are DApps on mobile devices including Android and iOS supported Operating Systems, and there is a very essential need to run regular blockchain technology maintenance of these applications.
Blockchain maintenance is key after the rollout of blockchain applications. It is imperative to maintain and improve blocks, nodes, servers, and network connections.
ALTHOUGH, DISTRIBUTED LEDGERS NORMALLY RUN WITHOUT PROBLEMS, BLOCKCHAIN MAINTENANCE IS MANDATORY.
Similar to any other technological innovation, maintaining distributed ledgers is important. For those with a functioning blockchain system, implement regular updates is also crucial to ensuring a hitch-free system operation.
The coding of blockchains requires not just broad programming know-how. Before you even think of implementing one, you must have it at the back of your mind to have plans for post-implementation maintenance which can be either to scale servers, nodes, and databases amongst others.
Different industries utilizing blockchain applications can integrate regular system maintenance into their processes. This could range from the industrial application targeted for aviation or the logistics sectors amongst others.
In maintaining DApps or any blockchain infrastructure in general, two key areas to pay attention to include;
- System Monitoring
- Analyzing for Potential Threats
Let us dive into a brief overview of what these two entails orBook an Initial Consultation
It is essential to conduct regular system or code monitoring to detect any form of irregularities. For blockchain firms with large distributed servers, and a wide ecosystem, the approaches for detecting bugs are usually different. Hackers are often engaged to find bugs with some bug bounty involved. However, for smaller organizations with a functional decentralized application, a blockchain consulting firm with broad expertise in maintenance blockchain systems can be engaged.
Analyzing for Potential Threats
Once the anomaly in your blockchain code has been discovered, then analyzing the potential threat is very important. The other critical thing to analyze is how difficult the error or bug can be corrected if the bug can give an insight into other areas that need to be retouched, and above all, the cost implications the threat poses.
03 MAINTENANCE SAFETY
Maintaining Decentralized Applications Safely
To illustrate, how a distributed ledger application maintenance is handled, we first need to summarize the application architecture. Running a well-structured blockchain application is crucial to post-implementation maintenance. Often people or organizations with blockchain infrastructures are confused on how to go about maintaining their networks, and without a competent hand to help, this often creates tension.
CONSEQUENTLY, WE advise clients to build their dapps with easy-to-maintain blockchain programs for stress-free post-implementation maintenance.
By design, DLT applications are usually flawless and error-free. However, it is still imperative and highly recommended to monitor hacker attacks or changes within the network. This way, we can guarantee a 99.99% uptime all through the code’s active lifetime.
There is no set guideline to carry out the monitoring and analysis of DApps and blockchain systems in general. Engaging the services of experts with diverse experience in the field can be invaluable in helping you run an easy and cheaper blockchain maintenance.
With the completion of the monitoring and analysis of DApps and blockchain systems, there are many direct advantages including;
- System Improvement, and;
- Safety Guarantee
With the successful detection of bugs and adequate analyzes, the firm can easily move on to correct the errors in order to guarantee its system improvement. The overall catch here is that the interconnected computer network will work optimally.
With an optimized system or blockchain network and blocked loopholes that can serve as a source of an attack, a trusted safety can be guaranteed.
You can make the first steps towards maintaining your blockchain systems by reaching out to us at iMi Blockchain.Book a Free Consultation
Resources Needed to Maintain a Blockchain Application
There is a need to employ top-notch DLT resources when implementing and maintaining a blockchain or decentralized application. The resources needed to maintain a blockchain server are diverse and can vary from one distributed ledger to the other. However, the core resources that can be maintained are as follows.
To start with, we must ensure that servers in the network run smoothly at every time. Servers are key factors when it comes to blockchain application maintenance.
The protocol operates on a peer-to-peer (P2P) network. The architecture consists of nodes. We need to take care of these devices regularly.
Files are stored in databases. These storages are important and therefore we have to maintain them appropriately.
Blocks are like one-time shots. This implies that they can never be changed once they are distributed. After blocks’ distribution, there is nothing we can do from our side.
Miners are an important part of a blockchain Proof-of-Work network. While they are often external parties to the company, creating good incentives that will encourage miners to continue confirming transactions is key to keeping the network running.
The entire security architecture must be paid attention to through scheduled maintenance. With guaranteed security, more people will be confident to utilize or interact with the blockchain application, smart contract, or DApp.
05 INDUSTRY SOLUTIONS
Maintenance Industry: Innovation Opportunities
The growing use cases of blockchain technology can find application in several industries particularly where maintenance is crucial.
BLOCKCHAIN technology IS ALREADY CHANGING AIRCRAFT REPAIRING BUSINESSES IN DIFFERENT WAYS.
Here is a look at some of the other industries where blockchain is changing the status quo.
Blockchain technology is used in aviation maintenance. Whenever a part is removed or serviced in an airplane, it can be recorded on the blockchain. This way, different stakeholders around the world can gain access in real-time.
Blockchain technology is being utilized in the automotive industry in many ways. This ranges from supply chain management to maintaining financial transactions and more.
Blockchain technology is used in healthcare to store health records. A pain point example of this was brought to life with data storage during the COVID-19 pandemic.
Banking and Financial Services
The banking industry and financial services sector utilizes blockchain technology to Fastrack payment and settlement fees. Generally, the utilization of cryptocurrencies is generally cheaper than traditional payment systems.
Stakeholders in the manufacturing industry are utilizing blockchain technology to track resources within their supply chain. Through blockchain, manufacturers can scale their processes, and optimize resources.
Most governments around the world are now employing distributed ledger technology to store records, cut back costs on resource handling, and pursuit of Central Bank Digital Currencies (CBDCs) in general.
In this world of vast technology, we can create unique and valuable applications. In short, we can think of increased cognition, deep analytics, or advanced automation. In other words, by 2030, blockchain will be found everywhere and in all industries, with resource handling, maintenance, and repairing topping the list of the many use cases.
At iMi, we have gained massive experience over the years by working with stakeholders cutting across the aforementioned industries and more. We can help you define how blockchain can be deployed in your business irrespective of the industry you operate in. Take action today:Let's Talk About DLT
iMi Academy: Blockchain Maintenance
Whether you are a beginner or an advanced professional in distributed ledger technology, we’ve got you covered. With us, you can learn everything about the blockchain, or add it to your knowledge bank. We can teach you everything from the blockchain basics to advanced programming. Stay up to date with further education. This technology is the game-changer, and arguably, one of the biggest technological revolutions after the internet. Therefore, it is crucial to learn about Distributed Ledger Technology (DLT).
With iMi, you can learn all about blockchain technology and its essentials. Besides working with some of the world’s top Universities, we have experts in the blockchain ecosystem, working actively in various sectors with defined blockchain applications. With iMi, we open you to our professional network of experts, all invaluable to your career growth and future ambitions.
To know more about how blockchain programmers are bringing innovative blockchain-based applications to life, you can join our academy today. You can do this either by taking a seat in our 1 to 1 class, watch webinars and tutorials, or get a programming certification through our online courses. Do not wait to make the move today!