Blockchain Consulting at its Best
As leaders in the blockchain consulting space in Canada, we aim high to help businesses like yours adopt and implement cutting-edge blockchain solutions. With only the sky as the limit, Blockchain Infrastructure Research has the facilities, resources and experience to take your business to the next level.
Every client deserves a high level of care in finding the right blockchain solution for them. As a small boutique consultancy, BIR takes great pleasure in delivering the world of blockchain directly to you.
The best solutions are achieved through thorough research, so let us do the heavy hitting. BIR makes independent research a top priority to ensure results remain unbiased and objective.
Blockchains require expert knowledge of software development to remain stable and secure. Let our team of capable developers guide your journey through the next wave of internet technology.
Blockchain Infrastructure Research is an independent research company specializing in cryptocurrency mining infrastructure. We provide clear, up-to-date information for major institutional investors, developers, and government organizations in support of: facilities location and design, energy management, hardware selection, supply and value chain management, regulation compliance, operations security, and market price trend analysis.
What is Blockchain Technology?
Blockchain technology, also known as distributed ledger technology, is a new data storage method that is able to record and share data between people in a decentralized, immutable and trust-less system. These core features and benefits of blockchains are derived from their following properties:
Decentralized and Distributed
In general, blockchains work similar to databases (by storing entries of data), but instead of this database having a single owner who could act maliciously and tamper with the data held within as they please, the blockchain data is shared among thousands of computer nodes around the globe. Similarly, data stored on the blockchain in nodes remain in sync across the network, and any new data to be added must pass a stringent validation process before it is committed to the blockchain. Since nodes are not controlled by any one person or company, and data remains in sync across network of more than one server in more than one physical location, blockchains are said to be decentralized and distributed.
Immutable and Permanent
Data saved on the blockchain are also immutable which means permanent, un-changeable and un-deleteable. Data cannot simply be changed or deleted when desired. It is through this immutability that blockchains gets their “ledger”-type functionality. In specific, the blockchain acts as a ledger through its transaction-based protocol, where the actual state of accounts is actually derived only from the individual transactions that have occurred in the past. For example, someones bank account balance is not calculated and updated directly every time a new transaction occurs, but rather it is derived from the records of deposits and withdrawals over time. Blockchains functions in the same way, in that, past transactions make up records of state changes from which the current state of accounts can be derived.
Trust-less and Tamper-proof
Lastly, thanks to their strict data verification protocol, blockchains are virtually trust-less and tamper-proof. Data validation is secured through a consensus method where each new block of transaction records added to the blockchain must be agreed upon by the majority of the network. The process in which new blocks are generated involves advanced cryptography and data hashing, but once a new block is generated, it is broadcast to every node on the network and checked for validity. If more than half of the nodes agree that the block matches their own copy of the blockchain, the new block will be added. If not, it will be ignored and discarded. This validation process is tamperproof because in order to add a fraudulent block to the blockchain, a malicious party would need to take control of more than half of the hashing power on the network for them to agree that the fraudulent block is valid. For a big, global blockchain like Bitcoin, this is virtually impossible!
Real People, Real Results
Unlike others in this space, we believe in transparent, open and direct communication. Please feel free to contact us, and we'll be happy to help you; person to person.
15 - 292 Gower Point Road
Canada V0N 1V5
+1 604 741 1118
Monday to Friday
9:00 - 17:00 PST