Guest Blog: Blockchain In Mobile Application Market

Provided by Abishai James from  White Ranking Technologies

In the future, many upcoming start-ups and renowned industries will step into the mobile application market and the apps developed using Blockchain technology will bring transparency and money into the business. 

However there are different opinions regarding blockchain, but looking at its growth rate in the field of mobile applications one can easily say that an App store developed on blockchain technology might even replace the renowned Apple’s App Store and Google’s Play Store by becoming the most important medium for searching, downloading, and purchasing premium apps.

Are you new to Blockchain Apps? Do you need some help in knowing how to incorporate blockchain into your next mobile app? Here are a few steps to assist you in reaching your goal.

Know the apps suitable for blockchain

Even though there are various technologies at the end of your fingertips offering you unimaginable advantages, but still every technology won’t fit into mobile applications. 

Moreover, applications that are developed only to publish content and articles without having an active in-app purchase interface, blockchain may not be required at all.

Consider key technologies

Bringing together blockchain and mobile applications needs detailed knowledge and mastery of the technology and several other factors like blockchain platforms, programming languages, front-end, network, processes like back-end, and quality assurance for different mobile platforms, etc.

How to implement Blockchain?

Executing blockchain in mobile app development has noticeable benefits. And once you gain mastery in the above-mentioned factors it will become easy for you to develop an app based on Blockchain. 

Choose the suitable consensus-based method– One should have in-depth knowledge about the mutual consensus mechanism it will help you know the unconditional accessibility and security of the blockchain.

UI and admin panel design– Now, it’s time for you to start working on developing the admin panel and app UI of the blockchain app. Using a front-end programming language, an external database, and designated app servers one can easily develop a blockchain application.

AC Market has developed an infographic to give a detailed description and explain the advantages of Blockchain In Mobile Application Market:

Uber, Lyft need to show profits

Uber has warned investors in its initial public offering prospectus that it might never be profitable.

Almost a quarter of its ride-hailing bookings come from just five cities – they need new growth engines, fast. Keep reading here.

Can Uber Ever Make Money?

Four centuries later and the taxi business is going full-circle in terms of profits.

To be regulated, or not regulated – that is the question. Read the quick 1 minute story here.

Hasbro’s Struggles Show Why Companies Need A Portfolio Of Business Models

Hasbro’s latest performance and the demise of Toys’R’Us highlights the need to exploit existing models as well as explore new growth, revenues and profits using the Business Model Portfolio.

If companies wait until there is a crisis, they will be pressured to innovate under the spotlights of quarterly reports and the market and their shareholders. Read the complete story here.

Bezos Unbound: Exclusive Interview With The Amazon Founder On What He Plans To Conquer Next

Read an exclusive interview with CEO Jeff Bezos on building the Amazon empire and their ‘day 1’ mindset here at Forbes.

Emphasis on growth rather than profits has propelled Amazon into the business stratosphere.

[The Internet of Value] What It Means and How It Benefits Everyone

Venture capitalist William Mougayar calls blockchain “the second significant overlay on the internet, just as the web was the first layer back in 1990”. When most people think of blockchain, Bitcoin instantly comes to mind. But the potential that excites Mougayar and many others goes far beyond financial transactions made using such digital currencies. It touches on what we at Ripple have for many years called “the Internet of Value.”

What is the Internet of Value?

Our vision is for value to be exchanged as quickly as information. Although information moves around the world instantly, a single payment from one country to another is slow, expensive and unreliable. In the US, a typical international payment takes 3-5 days to settle, has an error rate of at least 5% and an average cost of $42. Worldwide, there are $180 trillion worth of cross-border payments made every year, with a combined cost of more than $1.7 trillion a year.

With the Internet of Value, a value transaction such as a foreign currency payment, can happen instantly, just as how people have been sharing words, images and videos online for decades. And it’s not just money. The Internet of Value will enable the exchange of any asset that is of value to someone, including stocks, votes, frequent flyer points, securities, intellectual property, music, scientific discoveries, and more.

Keep reading here!

The Testing Mindset – How to Find Product/Market fit

“Here’s the thing with innovation, you can’t just tell people to be innovative. A great idea doesn’t always come when you’re sitting at your desk between 9:00am and the end of your working day. Here at etventure we’ve tried various approaches to innovation in the last few years, and what we’ve learned is that success cannot be planned. You have to embrace uncertainty and understand that the majority of your decisions are based on assumptions. You have to invest skillfully to test these assumptions. The smarter your investment in testing, the better your chances of product success. Here’s what we’ve learned based on our experience of adopting a testing mindset and seeing your way through innovative product development.”

* Product/Market fit Cannot be Planned
* Reduce the Costs of Failure
* Prioritize Investments
* Is there Interest
* Reachability of target group
* Willingness to pay
* Technical Feasibility
* Scalability in order not to be forced re-build later on
* Focus on Outcome not Output

So please keep in mind that building an innovative product is so much more than just executing software specifics. By applying the testing mindset you’ll enhance your chances of success.

Read the full article here at “mind the product” from GREGOR ILG.