Our Services
Decentralized
Application (dApps)
Decentralized apps or dApps run on a blockchain or peer-to-peer network rather than one computer. No single authority has total control of these apps. Using dApps guarantees user privacy, lack of censorship, and ease of development which are essential for industries including banking, finance, gaming, social media, and e-commerce. A leading blockchain development company in Dubai and a leading dApp software development company, Nuox develops dApps, DAOs, decentralized exchanges, staking platforms, and wallets.
Smart Contracts
Smart contracts are programs on a blockchain that only work when predetermined conditions are met. Agreements can be automatically executed without the need for a third party. The blockchain is updated as the agreement is fulfilled and only parties who have signed the agreement can see these changes. Smart contracts are essential for businesses that need to transfer data across multiple parties in a reliable, accurate, and quick manner.
Nuox Technologies, a leading blockchain development company in Dubai works with businesses to increase trust in retailer-supplier relationships and make international trade faster and more efficient using smart contracts.
Public & Private
Blockchain
Private blockchains give only select members access to a network and conduct transactions. If you choose a public blockchain system, anyone who can see and read the ledger will have access to the network. We tailor blockchain development services to your company’s needs.
Our TOOLS AND TECHNOLOGIES
We use world’s most efficient technologies.
OTHER SERVICES
FAQs
What is a blockchain?
A blockchain is a distributed ledger technology that enables secure, transparent, and tamper-proof recording of transactions. It consists of a network of nodes that collectively maintain a shared database of transactions, which are validated and verified through a consensus mechanism.
What is a public blockchain?
A public blockchain is a blockchain network that is open to anyone to join and participate in. Transactions on a public blockchain are transparent and publicly accessible, and the network is typically secured through a consensus mechanism such as proof-of-work or proof-of-stake.
What are some examples of public blockchains?
Some well-known public blockchain networks include Bitcoin, Ethereum, and Litecoin.
What is a private blockchain?
A private blockchain is a blockchain network that is restricted to a specific group of participants. Transactions on a private blockchain are not publicly accessible, and the network is typically secured through a consensus mechanism such as a multi-party agreement or a trusted authority.
What are some examples of private blockchains?
Private blockchains are used in a variety of industries, including finance, supply chain management, and healthcare. Some well-known examples include IBM’s Hyperledger Fabric, JPMorgan’s Quorum, and R3’s Corda.
Can a public blockchain be used for private transactions?
While public blockchains are designed to be transparent and publicly accessible, it is possible to use privacy-enhancing technologies such as zero-knowledge proofs or homomorphic encryption to make transactions on a public blockchain more private.
What are the advantages of using a private blockchain?
There are several advantages to using a private blockchain, including:
- Privacy: Private blockchains are not publicly accessible, meaning that transactions are kept confidential and accessible only to authorized participants.
- Control: Private blockchains allow for greater control over the network and the rules governing its operation.
- Scalability: Private blockchains can be designed to handle specific use cases and tailored to the needs of the participants.
- Efficiency: Private blockchains can be more efficient than public blockchains, as they do not require the same level of computational resources to maintain the network.
Can a public blockchain be used for private transactions?
While public blockchains are designed to be transparent and publicly accessible, it is possible to use privacy-enhancing technologies such as zero-knowledge proofs or homomorphic encryption to make transactions on a public blockchain more private.
Can a private blockchain be made public?
It is possible to make a private blockchain public, although this would require a significant shift in the network’s design and governance. Public blockchains are typically more decentralized than private blockchains, and making a private blockchain public would require a shift towards more open and democratic governance models.
