Blockchain is considered to be the future in the financial world. Transactions are confirmed without the use of middlemen or regulators, and communications are organized. While blockchain was initially utilized for cryptocurrency, it is a database that can be utilized across industries. If you are interested in creating a project that will stand the test of time, blockchain is the way to go.
If you want to develop a blockchain app, you’ve got to know where to start. Determining your strategy is the starting point. What will success look like? Know why you are creating the app and what you expect it to do now and in the future. You will need to set these goals in order to streamline your app’s features.
Public, private or hybrid? The next step in the development of your application is to determine how the database will be handled. If you choose to make the app public, anyone will have access to it and will have the ability to create new transactions. If you make it private, only those with permission will be granted access. Lastly, you can create a hybrid platform in which the database is controlled with a set of nodes.
Next, you will want to analyze the solutions available to you. You can use an open blockchain, create a private blockchain or utilize a cloud-based solution. You can also start a blockchain that is public, which allows anyone to become a node. Start a POC to test for the outcome.
As you begin to develop your app, you want to either develop it to a cross-platform framework or to a specific platform. In order to make this decision, you will need to know who will be using your application, and which platform will be the most beneficial to both your apps’ success and the end user. Once you have done all of these things, you are ready to launch your app to production. You can sell it to the appropriate outlets after it has passed user testing.
Essentially, blockchain development is in its early stages, despite the tremendous success of Bitcoin. Try it out and see what you think. One suggestion is to research and really understand how Bitcoin works before jumping into blockchain development for yourself. Once you have a deeper understanding, you can determine if blockchain is appropriate for your end goals. Even if it isn’t something that will work for you right now, it’s a good idea to practice with its development.
If you need assistance in development or need an app developed, reach out to our team. At Five Pack Creative, we are happy to assist you in a variety of stages of app development, including from the ground up. Call our office today or reach out to us online with your questions.