THE REALITY OF BLOCKCHAIN

blockchain app developer winklix

There has been a lot of hype regarding the Blockchain. I have read about the blockchain removing the poverty and making the world corruption free with a lot of easy, but there is demography who has not heard about this revolutionary technology. Facebook, Flipkart, Instagram has millions of users but the general population does not know anything about the backend technology like database. Same is with the blockchain, everyone has heard of it, everyone has opinion about it but no one knows the backend process.

However, there is a very good question revolving now-a-days which is “What are the things which blockchain can do and other technology can’t?” Is it fair to compare this new technology to the past technologies?

Concept of Blockchain

 

The blockchain has a very fascinating concept of data immutability i.e. data is unchangeable. This is achieved by using digital signatures and hash functions. These hash and digital signatures were defined by the informational Technology Act of India in the year 2000. More often than not the blockchain are equated with the distributed database and software development frameworks. Blockchain are not just database, they are more than that. Blockchain is peer to peer systems of electronic cash in which network timestamps are used are done by hashing the current work. This record is immutable i.e. it cannot be changed without redoing the same work.

Blockchain vs. bitcoin technology

 

Recently big chain made the headlines for all the bad reason like money laundering, evasion of tax, financing of terrorism and organized crime. Its comparison is not good as the actual money; diamonds, gold were also used for doing wrong activities. So it is not good, as far as the blockchain is concerned.
The basic idea behind the blockchain is that it runs on a set of global computers. It requires huge computational power and resource to mine the bitcoin and yes! Anyone can mine the bitcoin in expense of the resources like processor speed and memory. However, it will take a huge amount of time to generate the bitcoin. That is why supercomputers are used to generate them due to their high speed and memory.

Everything about the private blockchain

 

In today’s times, there exists several blockchain in the world. However, anyone cannot be a part of the private blockchain. These private blockchain does not require computational resources like processor and memory. It requires permission to have access and control over it. Let us understand this concept using multi-chain which has 8 types of permissions explained below:

  • Connect: This permission is used to connect with the other nodes and helps to view the content
  • Send: This permission assists in sending the sign inputs of signature
  • Receive: This permission assists in receiving the outputs of transactions
  • Issue: This permission facilitates to issue the assets like transaction sign inputs which are used to create new native assets.
  • Create: This is used to create sign inputs which create streams
  • Mine: This is used to sign coinbase transaction metadata
  • Activate: This is used to change the connect, send, receive permissions
  • Admin: This is used to change permissions of issue, mine, activate and admin

There are many popular blockchain available in the market like Ethereum, BigChainDB, Chain, Hyperledger Iroha, Corda, Credits, Domus Tower Blockchain, Sawtooth Lake, Elements, Eris, Quorum, HydraChain, Hyperledger Fabric, Stellar, Hyperledger Multichain, Openchain, and Symbiont Assembly.

Use case of blockchain

There are various use cases of good blockchain. Some of the use cases are as follows

  • Insurance Sector: In the insurance sector, blockchain is used to verify KYC data, life insurance, national policy, agent information registry and claim records.
  • Banking Sector: There are various use cases of blockchain in the banking sector. For example it is used in asset tracking and registry, multiparty aggregation, financial systems, record keeping etc.
  • Government use case: Government has been involved in using this technology for maintaining copyright health records, regulation records, authentication of records, academic records verification, vehicle records, maintaining identity documents, police and court records etc.
  • Other use-cases: It is widely used in Corporate finance book-running,  Asset backed virtual currencies, Regulatory reporting, Clearing & settlement, Securities settlement, Depository receipts, Escrow, Secure documents, Supply Chain Management, Fund portfolio management, Voting, Payment gateway, Peer-to-peer trading, Securities servicing, Identity management, Securities trading, Auctions and Contract management.
 
 

Conclusion

Blockchain are very interesting hot-topic in the recent time. But it has been associated with many malpractices but we should skip the hype and this technology must be given a good chance as it can do wonders. This technology must be given chance because technologies before the blockchain were vulnerable to malpractices. It is not as if only after the launch of blockchain, frauds and other bad practices are there. I believe that this technology have enough power to rule the future and will provide a safer platform than before in the future.

So in case you are looking for blockchain app development company , you can right away contact us to create a next big blockchain based concept mobile app .

THE RIGHT WAY TO LAUNCH AN APP

launching an app

Want to launch the app successfully to generate revenue? Well! You will have to launch the app in the right way to achieve this. It really does not matter if you have a awesome app idea, or you have good developers and marketing team. If you are launching it right, you will never be able to launch it successfully.

Many people believe that that submission of app in the market place is enough for the success of the app. But wait… it is not so! The success of app initially depends on the step taken even before the very first idea about building the app strikes in your mind .After launching the app , planning and promotion is continuous process. Here, we will be discussing everything you need to know for launching the app in the right way.

Recursive research process

Invest a reasonable time in thinking about some questions before going for development. Think about the questions like-Do you know all your competitors? What is your target audience? Why would demography will download and use your app? What is the speciality in you app that other app don’t have? These are very valid questions to think about before developing the website. 

Beware of copy cats!

You have to do a proper research work before taking any step forward. Before investing any amount in the app make sure you have done enough homework and you have a bulletproof plan ahead of you. If you have a very unique idea, then make sure that your idea is not stolen away by your competitors. This is essential because as soon as you launch an app, you competitors will grab the idea and will launch their app using your idea. This may impact you badly as far as the finances are concerned. So make sure that you launch the app rock solid.

The right platform

When launching an app, launching it on the right platform is very crucial. iOS and android are completely different platforms. Android have a very huge market but most of the app are available for free while on the other hand iOS app generally charges a nominal fee. So IOS app earns more as the users buy more iOS app as compared to android app. You have to choose the platform according to your business requirements. IOS apps are used more by senior citizen people while younger generation prefer android as android phones are much cheaper. 

For more information about App Store Vs Play Store , you can refer our article here .

Testing is the key

Recursive testing is very important to provide the stability in the app. Using the building tools are not sufficient to provide a good testing environment, it is essential to have manual testing to test the app on different phone. There are so many phones available so it is quite important to test them on most of the phones. This testing has to be done before the launch of an app as it can save you big bugs and time to remove the bugs.   

You can always hire beta testers before the launch of an app. Beta testers are a group of people who have a decent knowledge of testing and development. The app launch must be a time where you celebrate rather than you test the application.

Marketing tactics and strategies

Proper marketing is one of the important factors responsible for the success of the app. Before the launch of the app, it is very important to build up the hype so that people are eager to wait for the launch and cannot resist themselves. There must be chatter among people about your app before the launch.

There are numerous ways to market your product, some are free and some are paid. So it all depend upon your marketing budget how much you can put into it. It really does not matter whether the market is big or small, all that matters is that whether you are putting your efforts and marketing smartly. First identify your market and then only go for the next step.

Try to make everyone excited about the launch of an app. It is also important to retain downloads even after the first rush.

The application process

Every app store has different guidelines for the launch of an app. So make sure that you understand and follow a proper guideline to launch the app on the marketplace. Launching the app without understanding the rules of the app store can lead you in huge troubles.

Look out for the opportunities

When the launch of the app is successful, don’t get carried away with all the clapping. Main thing still remain which is how you capitalize on the new opportunities. If you find that you app is used alongside with another app, you can offer bundle sale by contacting the other app’s owner.

Winklix is an app development company since 2004 located in the heart of India which provides app development in iOS and android platform. If you want to know more about the launching of an app or looking for an awesome app development company then contact us .

HOW MUCH YOUR APP CAN MAKE?

how much app can make

There are millions of apps in the market. These millions of app generate billions of dollars in today’s times. App development companies generally have a decent idea about which type of app can make how much money. It may happen that the apps which you believe that they will earn you lots of money are not generating any revenues. There are certain kinds of app that generates no revenue at all while some type can earn you huge amount of money. Let us look at all the factors that contribute towards an app generating revenues for you?

App market on boom!

There has been a huge increment in the number of smartphone users in the recent times. According to statistics more than 80% of the demography has smartphones today. This gives a huge market for the apps to earn the money. There are many entrepreneurs and businesses that are looking forward to catch this money rush.

Whenever a person is novice and are relatively new to the world of mobile applications, there you could have multiple thoughts about the profits your app will generate. If you have an awesome idea, we will help you to turn that idea into reality. Contact us and we will help you in turning your app idea into reality. We, at Winklix have experts that will assist you in determining all the benefits and the amount your app will generate.

Which app development platform generates the most revenue? 

Mostly the world revolves around two app platform i.e. android and iOS. These two market share 99% of the world’s app market. This is the first thing that you need to choose before thinking about anything else. Both the platforms are entirely different from each other and offer different revenue options. Let’s  look both the platforms very closely.

The Apple iOS platform is the king in the platforms. It generates huge amount of revenue probably because of the fact that apps are much costlier in the apple’s app store. Android also provides good revenues however less than that of iOS but it has a huge market bigger than that of iOS.

There are certain platforms that have gone down sharply and investing money in developing app on these platforms is not a good idea. Gone are the times of Window platforms and Blackberry OS platforms. Less than 1 percent combined of both Blackberry and Window OS platforms have a market share. So due to this very less share of market, it is not advisable to generate apps for these platforms. However if your app gets very successful then you can look forward to moving in your app to other platforms.

Apps generate which type of revenue?

There is no hidden fact about the app revenue generation. On an average the net revenue of the app is $180 billion in 2017 which is $80 billion more than the 2016.  It is predicted that there will be rise of 18% between 2018 and 2020. So there is very huge scope and market for the app revenue generations in the future years.

The most important and most grossing apps in the market are the gaming apps. These apps generate most revenue. There are games like Clash of Clans and Subway surfers that make billions of money annually. In iOS most of the money is made by buying the apps, but in android, the apps the available for free. In android, the most revenue is generated through the in-app purchases. You can choose the ecommerce apps as well because these types of apps also generate lot of money. So there are options available you are looking for apps other than the gaming apps.

Subscription apps can also generate lot of revenues

One of the best examples of the subscription app that can generate huge amount of revenue is the Tinder app. It has more than 1 million member who pay for availing the features of the app. Tinder is available for free but generates the revenue by offering features like unlimited swipes, passport add-on, and boosts feature which will enhance your chances of getting matched to someone else’s profile. So, there is a huge potential in these subscription apps as well.

The main source of income in these types of apps is through subscriptions. There are apps like video streaming apps, and songs app which charge you a free to have unlimited access to the content. Apps which provide VPN services are also having a good time as far as the revenue is considered.

Scope of smart TV apps

There has been shift of trends as far as the TVs are concerned. TVs have smart TV offering option of the apps. So the market is going to rise in future as far as TV apps are concerned. So if you have a good idea you can look forward to invest in these types of apps. You can offer apps for playing the video and experiencing social media on the internet. It can give you big bucks as people are really investing a lot in these apps.

This is certainly one of the biggest things to look forward to in the future. The market keeps on rising with each passing year. If you are looking to get your app built and turn your idea into reality, then Winklix  is the best app development company for who offers services in all sorts of platforms.