FAQ2023-01-05T12:07:41+01:00

Frequent questions

What is iBS?2023-01-13T15:44:29+01:00

iBS is a “Blockchain-as-a-Service” platform that facilitate blockchain adoption in enterprises. iBS allows the development and integration of Blockchain technology solutions in a simple, fast and economical way thanks to an easy API. 

What is a Low-Code platform?2023-01-13T16:26:25+01:00

It is a platform with which applications can be developed reducing to a minimum the need to program code manually. The platform is already developed and preconfigured, and it’s easy to use thanks to the visual interface and features that can be easily integrated through drag and drop, etc. Therefore, professionals with a business profile and less technical knowledge can create and deploy business applications without complications.

Despite its simplicity, Low-Code development platforms (not to be confused with “No-Code”) often require some code-level adjustments to customize the models and adapt them to the specific reality of business processes. For that reason, technical assistance may be required from your company’s IT staff or an external development service. For those cases where there is no staff available for this task, iCommunity offers an accompaniment and consulting service. We also have certified technology partners to develop custom applications if required by the client.

Advantages of a Low-Code platform?2023-01-13T16:00:26+01:00

The main advantage of a Low-Code platform is that it allows you to save time and money. It makes it easy to focus on customer ideas, and not waste time on technology development.

It allows you to turn your good ideas into profitable software by simplifying the whole cycle, from development to deployment (usually in the cloud, but also locally) and future maintenance.

How can I access a product demo?2023-01-13T15:39:53+01:00

It is really easy: just fill out this form with your personal details and we will arrange a personalized meeting. You will have access to the platform and you will be able to use it for 30 days with no purchase commitment.

How long does it take to develop or integrate a blockchain solution?2023-01-13T15:39:01+01:00

Thanks to iCommunity, processes are reduced to a minimum, depending on the use case and the service contracted. Usually within a few days you can validate the technology in your product.

What types of blockchain networks do iBS use?2023-01-13T16:11:43+01:00

iBS is a multichain platform that provides blockchain technology as a service (BaaS, Blockchain-as-a-Service). That’s mean you don’t have to worry about anything: what blockchain is used nor gas price, tokens, wallets to store tokens,…NOTHING

But for your information: we only work with strong and stable blockchain networks (public and permissioned: Ethereum, Polygon, xDAI, Hyperledger Besu,…). The network is selected automatically by the platform, although it can be stablished by our support team in the setup configuration (depending on the needs of every customer or use case)

What types of blockchain networks exist: public and permissioned?2023-01-13T16:23:05+01:00

Blockchains can be classified based on access to the data stored in it:

  • Public: is one in which there are no restrictions either to read the data from the block chain (which may have been encrypted) or to send transactions to be included in the block chain. They are easy to get in and out of, are transparent, and are built with caution for operation in an unreliable environment. They are ideal for use in fully decentralized applications such as the Internet. The consensus protocol is usually the PoW (proof of work) although lately they are being migrated to the PoS (proof of stake) protocol that consume less energy and make transactions cheaper. Examples: Ethereum, Polygon, Stellar, EOS
  • Permissioned: is one in which the transaction processing is carried out by a predefined list and with limited access of subjects with known identities. For this reason, they are generally also called “consortium”. They do not need native tokens and for this reason it is typical that they use PoS (proof-of-stake) or other similar consensus protocols. Examples: Alastria Network B (Hyperledger Besu)
What is a SmartContract?2023-01-13T15:36:39+01:00

A SmartContract is a code that is implemented in the block chain. Each smart contract contains code that can have a predefined set of inputs/outputs. Smart contracts can also store data.

 

Smartcontracts are used to decentralize, automate and secure processes / agreements that involve two or more parties (people or organizations), since they facilitate, secure, enforce and execute agreements registered between them. Therefore, they assist in the negotiation and definition of such agreements, since they cause certain actions to happen as a result of a series of specific conditions being met. They aim to provide greater security than traditional contract law and reduce transaction costs associated with contracting. The transfer of digital value through a system that does not require trust (e.g. bitcoins) opens the door to new applications that can make use of smart contracts.

 

They can be implemented in any transaction that requires a registered agreement between the parties, such as, for example, the contracting of financial or insurance products, guarantee deposits, purchase and sale operations of financial instruments in the stock markets, syndicated loans, purchase and sale or rental of real estate, etc. Smartcontracts are usually composed by a user interface and sometimes emulate the logic of contractual clauses.

What is iCommunity Labs?2023-01-13T15:54:46+01:00

iCommunity Labs is a spanish company with a wide blockchain solutions portfolio that actually have thousands of users and costumers. Winners of several international adwards, we launch at 2021 our utility token ICOM that was sold by an ICO and IEO and raised more than $2m.