We develop sustainable code that allows for future growth and development. We use the latest technology so that you can extract real business value.
Venture with us into the unknown. We know the ropes when it comes to building blockchain-based solutions
“A journey of a thousand miles must begin with a single step.” ― Lao Tzu
Wherever you are on your journey to harness the potential of blockchain technology, we’re here to guide you.
We’re continuously building our library of resources to give you the information you need to make good choices along the way.
Trustworthy Blockchain Solutions
The blockchain organises the data in terms of linked blocks that are encrypted for security. One aspect that distinguishes it from traditional databases is that you cannot alter or delete existing data. Every transaction/data entry is timestamped and stored using distributed ledger technology (DLT). This makes blockchain immutable and an inherently trustworthy solution.
Smart Contract Development
A contract is almost like a knot. It is a fixed point, it provides security, it is designed for a specific use and it is inherently trustworthy. Smart contracts are exactly the same as any type of contract you already know (such as employment contracts, marriage contracts or business contracts). The only difference is, they are completely digital. A smart contract is a computer program that runs on a blockchain.
NFT – Non-fungible Token
NFT’s address the need for scarcity, uniqueness and proof of ownership in an increasingly digital market where most digital items can be replicated or sold infinitely. By contrast, NFT’s tokenise digital or real world assets and this token can only be owned by one person at a time. Ownership is securely recorded with a digital signature on the Telos blockchain. NFTs are also used as a unique ‘ticket’ to participate in a DAO or other closed group.
DAO – Decentralised Autonomous Organisation
A DAO is like a well-built boat – made to conquer the unknown. DAO is a new organisation form where the management and operational rules of the organisation are typically encoded in the form of smart contracts on the Blockchain. It (the DAO) can operate autonomously with limited central authority or management hierarchy.
Understanding the basics
If your journey to conquer crypto was a sailing adventure, you would need to understand the basic components. We’ve summarized them in the infographic below. You can read a full article on each of these topics here.
The Yknot Blockchain Solutions team is dynamic and innovative in providing you with cutting edge solutions
The team at Yknot Blockchain Solutions has been developing sustainable and robust code for a wide range of industries for the past 10 years.
Our accumulated experiences attracted the attention of the Koers Group, headed up by a renowned investor, who partnered with Yknot OCS (our original company) to form Yknot Blockchain Solutions (Pty) Ltd.
Our agile team of advanced developers and data specialists have successfully migrated our service offering from developing traditional software to building unique business solutions that run on blockchain technology.
The blockchain experience, developers and IP from Yknot OCS combined with the capital and opportunities within the Koers Group put Yknot Blockchain Solutions in a unique position to build and deliver high level tailor-made software solutions.