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Blockchain technology

Avitar assists companies building their businesses based on blockchain technologies

What is Blockchain Technology?

Blockchain is a decentralized data ledger, where exchanges are conducted through secure channels. Blockchain technology allows a group of selected participants to exchange data. Literally, blockchain is a "chain of blocks." A block in this scheme is information about a series of transactions recorded in a distributed ledger. The block contains all the data about a specific transaction: sender and recipient identifiers, time, and transaction amount. The chain is an unbreakable sequence of blocks, so that anyone interested can trace the entire transaction history of a particular asset.

The application of blockchain technology extends to the cryptocurrency sphere, banking sector, and financial industry. With blockchain, reliable data registries, smart contracts, process management (e.g., logistics), and more can be created.

Features of the technology

Blockchain technologies have unique features. Blocks in the chain cannot be damaged or changed, each node of the network has its own copy of the entire blockchain. Blockchain is decentralized. That is, there is no central link in the blockchain that would control all processes. Blockchain security is ensured by the fact that all blocks in the chain are interconnected with the previous ones. That is, in order to break the entire chain, you need to gain access to most nodes of the blockchain. And this is practically impossible.

The high level of blockchain transparency is ensured by the fact that the entire network is supported by each of the nodes. That is, everyone can see the stored information.

The use of blockchain may lead to legal consequences. Given the uncertainty regarding the legal features of the blockchain, it is necessary to approach issues related to regulatory laws and the choice of a blockchain site (for a smart contract), intellectual property rights, privacy and others with special care. In this case, you will need the help of qualified lawyers. Avitar has extensive experience in legal support of blockchain projects.

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Features of the AVITAR Team

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We are an integral part of your team when entering the EU and US markets
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It is important for us to solve your business task, and not to impose a legal solution
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We have experience in handling legal disputes on behalf of the client on US and EU markets
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What Clients Say About our Work

Олег Лесов, CEO Softcube
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Avitar has been supporting our company Softcube since 2018. All this time, their advice was professional, comprehensive, and accurate. Avitar team has excellent expertise in GDPR and copyright law. It is a pleasure to work with them

Oleg Lesov, CEO Softcube

Дмитро Будорін, CEO та Co-founder Hacken
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Efficient and effective. Our team has spent min time for explaining our needs and we received tailored and prompt work result. Highly recommend

Dmitry Budorin, CEO Hacken

Євген Хотянов, СЕО Bookimed
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They're very good in GDPR compliance and user agreements. Our Bookimed team mates are satisfied dealing with Avitar

Evgeniy Khotyanov, CEO Bookimed

Микита Фурсов, Founder of 1Dea.me
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The guys are very cool! Minimum of violence against the client, maximum result. In case they are not capable of doing the job, they will find who will - and this is very valuable. Highly recommended!

Nikita Fursov, Founder at 1Dea.me

Артур Кріцак, Co-Founder of InReepublic
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Developed documents for a web platform that works in the US and Ukraine. Everything is high quality. We will contact more!

Arthur Kritsak, Founder of InReepublic

Євгеній Загнітко, CEO MORZA.co
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Before meeting the guys, their recommendations. In my view, the development and scaling of the business was, it was necessary to rush, and then we will deal with putting in order the processes and documents

Eugene Kuzmin, CEO MORZA.co

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