In this modern digital world, Blockchain is the most innovative one and it is one of the important technologies with the potential to enhance the global economy. Most enterprises are apt to involve in Blockchain technology in order to enhance the efficiency of the existing processes. Here, you can get a detailed guide to building a scalable smart mobile app subjected to the Blockchain.
What do you mean by Blockchain Technology and its importance?
Blockchain technology is a decentralized database where the transaction record is stored in the blocks. They are paired with each other by using the hash function. From the business view, it is an exchange network from transfers the absolute values from one peer to another. First, gain the technical knowledge and the different prerequisites, time, and cost factor involved in blockchain application development.
Different types of Blockchain Systems
The Blockchain system can be based either on the network or cryptocurrency support.
Types of Blockchain based on Networks
Here, the whole network is accessible one on all the computers and devices. The public can access the code, initiate an interaction in the network and verify the interaction too. Examples are Bitcoin and Ethereum.
It is a closed ecosystem where the participants are authorized based on particular roles. A set of protocols are established and the transaction is implemented to the needs of a concerned company. A great example is Multichain.
Blockchain-based on Cryptocurrency
Here, the blockchain is categorized into two types such as cryptocurrency based and non-crypto currency-based ones. Wallets, Crypto exchanges, Initial Coin Offerings, and Decentralized apps are the several types of Crypto-currency based. The Non-crypto currency-based blockchain app development solution does not rely on crypto tokens. This one is based on the DLT. DLT is abbreviated as the Distributed Ledger Technology and the entire database is allocated with computing devices. Each and every node has its own copy of the ledger so that it can process independently. There is no governing of the central authority and it is the greatest benefit too.
Identify the problem Define your goal
Initially, the main purpose of the app should be examined and understand the challenges faced by the users. Then analyze the existing solution and decide the mechanism by how the app will solve the issues. This will automatically guide the selection of the right Blockchain solution type.
It is better to go ahead with the cost-benefit analysis in order to determine whether the app is worth any kind of investment and assesses the potential risks. If the probable solution is worth the time and the budget then proceed on to the next stage of development. Many misconceptions and myths are raised about blockchain technology. Analyze well in the initial stage whether the Blockchain is needed for your solution or not.
Selection of apt consent mechanism
Generally, blockchain technology is a decentralized one and it requires many users in order to validate a transaction. Then the evaluation of the consensus methods takes place based on the app’s needs. There is a list of common methods such as the Proof of Work, Proof of Stake, Proof of Elapsed Time and Round Robin, etc. In order to choose the suitable consensus mechanisms, the Anonymity of validators and Trust invalidators are considered.
Opting for the right platform
The blockchain platform is one where it allows building a customized app without performing the coding process from scratch. There are many exclusive platforms such as Ethereum, Big Chain DB, and Quorum, etc. It is important to consider the following factors in order to choose the apt platform such as license, popularity, activity, network type and ease of access, etc.
Designing App Model
Take the right decision while choosing the hybrid, in-house, or the cloud. Then, decide on the suitable Blockchain solution to implement. Finally, the evaluation of the best stack based on the platform takes place. For more detailed information, follow the mobile app development heuristics.
Blockchain app configuration is an important one as most of the components cannot be changed once it is configured. In case of any issues, get the help of expert consultation to set the right configurations for the app.
Construction of Application Programming Interface
There is a list of pre-built Application Programming Interfaces that can be used for data verification, address generation, contract interaction, data storage, and retrieval.
User Interface and Admin Console Design
Once the back-end components are decided, and then choose the right front-end programming language, external databases including the servers for the app. It is better to choose the cross-platform mobile app development language in order to create a single app for both the Android and iOS platforms. The user interface should provide important functionalities which are easy to move.
Testing and Scaling
One of the best approaches is the Minimum Viable Product model which is integrated with the Proof of Concept solution. The testing process is done in order to identify the crashes, latency, memory, storage issues and performance problems, etc. Once the issue has been detected, solve the problem and move on to the test. The testing process is carried on until the app is error-free and functional. While developing an app on the Blockchain, one can come to know about the vision from the pre-existing Blockchain community.