In order to manage crypto assets, one needs to utilize a custodial solution. Generally, a consumer may use a crypto wallet such as the mobile BRD wallet, but enterprises wishing to store their own assets or provide their customers with such ability, require custom and complex custody solutions. Traditionally, blockchain data is messy, low-level, and difficult to implement into front end applications. Furthermore, Custodial Solution development requires airtight cryptographic security and private key management. Otherwise, it can result in catastrophic monetary failures.
BRD, along with the Blockset API, provides an open-source, mobile SDK called WalletKit that makes developing your custodial products a breeze. To learn more about using WalletKit with the Blockset API view Using WalletKit.
Building a Custodial Solution from scratch (without Blockset) would require costly cloud infrastructure, dedicated Dev-ops personnel to maintain each node, specialized resources that are at the ground level of each open-source project, indexing tools for the blockchain nodes you are managing, custom services for aggregating and translating blockchain data, and a custom API for formating and calling blockchain data into web client context, and many other technical/operational considerations.
Blockset takes care of all the expensive cloud infrastructure, node management, custom services, specialized dev-ops, and more, so that dealing with blockchain data becomes simple and accessible. The Blockset API takes the low-level blockchain data and gives it to you in an application ready format.
If you want your customers to be able to receive, transfer, and store crypto assets, you will need to build a custom Custodial Solution. Doing this traditionally and from scratch would take extensive custom hardware and software development, requiring you to hire specialized Senior Dev-ops and maintain continuous infrastructure updates and management. Now, with Blockset's API and the WalletKit SDK, all that is taken care for you, so you can focus on building great applications for your customers.
Contact us for any help and questions regarding Blockset implementation.