Wednesday, February 24, 2021

List of Top Local Databases used for React Native App Development in 2021!

 

React Native has become the most talked-about technology in the last couple of years and its popularity as a cross-platform framework owing to cost efficiency has made React Native Development the most preferred development technology in mobile app development companies. Due to the ever-growing demand, it is expected from the developers to build highly performant apps. One of the challenging decisions while architecting React Native apps is to select the right database for the project. The good news is, that the React Native framework comes with some really good choices available for data storage. So, in this blog, we will shed light on top React Native databases for 2021. Let’s explore them in detail. But before that, let’s quickly run through the significant factors that a React Native app development company should consider while choosing the apt database for React Native App Development.

Variables to be considered while choosing the Apt Database for Your Project

Data and App Complexity: complex data sets in the applications can cause severe app performance issues. So, databases that can store complex data should be chosen. Apps that have lower complexity can use simple databases so that such apps can be easily synced with the server. But complicated apps with multiple-user collaboration requirements require a complex database for ensuring seamless syncing.

Memory Handling: inadequate database memory management can lead to the crashing of apps. Hence, it should be ensured that memory management is done efficiently through processes like compaction, garbage collection, etc.

Line of Codes: if a higher number of code lines are used in a project for CRUD like operations, then an advanced database should not be the choice as the coding gets more cumbersome. This code complication deteriorates the performance of the app significantly.

Data Conflicts: the possibility of data conflicts increases when more collaboration related features are added to the app and data is being used concurrently. So, it is always good to select a database that handles data conflicts and concurrency and shares the conflict handling policies on the website or at least on repository pages.

Top React Native Databases for 2021!


Realm

Realm is an object-oriented database that enables the creation of real-time and offline applications that run on both- wearable devices as well as smartphones. It is one of the top React Native databases amongst all the available ones. This database is highly preferred when the end goal of the project is building high-performance apps that can deal with a huge data flow. The database benefits both platforms- iOS and Android. It doesn’t depend on key-value stores as it has its own database engine. Realm allows the React Native app developers to frequently undergo tables, mapping classes, fields, foreign keys, etc.

Key Advantages of Realm:

  • Makes use of multiple encryption standards to ensure good security for diverse mobile platforms
  • Realm Synchronization service works locally in the background for recording user interactions and service requests and sends the data to the server after the device goes online.
  • Redux offline can be used to fulfill offline-first architecture requirements.

Firebase

For React Native development, Firebase supports real-time NoSQL DB. This database is known for its offline data modifications and data synchronization capabilities. Besides, it can handle M (model) and C (controller) of the MVC that is needed while building React Native applications.

Key Advantages of Firebase:

  • This database allows real-time data syncing for all the clients simultaneously.
  • Firebase offers a cross-platform API that can be easily set-up with minimum effort.
  • Firebase database can be directly accessed with a mobile device and so, the application servers are not needed.
  • Firebase supports the creation of real-time apps with offline persistence capabilities.

SQlite

SQLite is a relational database management system developed for offering local storage to React Native applications. ‘Lite’ in SQLite depicts the light-weight nature of this database. Also, this database is very easy to setup. It can be directly integrated with the mobile applications for accessing the database. For data encryption, SQLite can be used with an extension called SQLite Encryption Extension (SEE).

Key Advantages of SQLite:

  • This database can support offline persistence, simply by using a react-native-SQLite-storage plugin for data management within the mobile app.
  • SQLite is ACID-compliant and employs most of the SQL standards with just a few omissions. It comes with a file-based library architecture and some tools for easily and efficiently handling all data types.

PouchDB

This is a Java script database developed using a storage mechanism and CouchDB protocols. It stores the data in JSON format. This open-source database enables the React Native developers to read, create, delete, update, and query the objects using a singleJS API. Furthermore, PouchDB is compatible with MongoDB, CouchDB, PostgreSQL, and MySQL.

Key Advantages of PouchDB:

  • It allows data syncing using a supported server for running the apps online as well as offline.
  • Ensures speedier execution of queries.
  • Also, as PouchDB remains inside a browser, it is not necessary to run queries over the network resulting in faster execution of queries.

Vasern

This is an open-source, lightweight, and fast database used for React Native based application development for both- Android and iOS. It is developed with a robust server-side language-Golang, created by Google. Vasern’s API can also be utilized for syncing across app clients, local storage, and for cloud storage.

Key Advantages of Vasern:

  • Vasern ensures good performance of apps and speedier operations
  • Provides end-to-end database syncing
  • Support basic data-types like string, double, int, double, reference, datetime, etc.
  • Provides support to languages that use UTF – 8 coding.

Watermelon DB

This database is built on top of SQLite. It can scale a myriad number of records without impacting the application speed. This is perfectly optimized for the creation of complicated React Native apps with real-world performance.

Key Advantages of Watermelon DB:

  • It is a fast, multi-threaded, relational, and highly cached database.
  • It supports an offline first system for syncing with your own backend.
  • It allows static typing with flow

BerkeleyDB

This is a high-performing backend and allows the React Native developers to handle data in several ways. It comes with an API that is compatible with numerous languages and several platforms like Android and iOS.

Key Advantages of BerkeleyDB:

  • Simple to use
  • Provides support for industrial-strength transactions
  • Ensures concurrent access for multiple users

AsyncStorage

This is a local storage database and comes in-built with React Native. It enables React Native developers to persist data between reboots of the apps. It acts as an outstanding solution for saving the data that the app required, even when the app is being closed by the users.

Concluding Views:

Apart from the local databases mentioned here, there are several other databases available for the React Native app developers to utilize in their projects. But, the choice of a database used for React Native mobile app development ultimately depends on the project requirement, its scope, and end goals. For instance, Firebase suits perfectly when one has to develop real-time apps. Realm is great for almost every possible requirement, but comparatively, SQLite doesn’t provide the same level of performance, scalability, and security. Rather SQLite is good to go with when one requires to leverage the abilities of a relational database. So, the one that suits your requirements is the best choice for you.

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Mistakes to be Avoided while Developing Apps with Angular!


 Angular is one of the most popular JavaScript frameworks, which offers myriad benefits to businesses worldwide. Most businesses prefer using Angular for mobile app development. Numerous giants in the corporate world have used Angularjs app development services for a wide range of projects. Take a look at some examples:

  •  Video-streaming applications like NetFlix and YouTube                  
  •  Online Payment application like PayPal
  •   Travel application like JetBlue
  •   A User-review application like GoodFilms
  •    eCommerce applications like Land send, iStock, etc.
  •    Job-portal like Upwork

Moreover, it is being predicted that Angular’s demand is going to rise further in the coming years. We can see that Angular’s future looks bright.

But despite the ever-increasing demand and popularity, there are some flaws in this framework like any other framework As such, developers tend to commit certain errors that may ruin your project. So, Angular developers and Angular development services must be aware of these common development blunders so that they are able to create top-grade applications.

In this blog, we have outlined the most common mistakes committed by Angular developers during the mobile app development process. So let’s get started.

Noteworthy Mistakes that Angular App Developers tend to commit


Direct Manipulation of DOM

A common blunder that the developers tend to commit is making changes directly in the DOM. While changing the titles in pages or adding images, some developers may make modifications directly in DOM. But it is considered a bad practice. The DOM is a browser-specific API. It may tightly couple the Angular app’s code with the browser and this won’t allow the developers to target any other rendering environment later.

Lack of knowledge of Important Tools

Knowledge of the important Angular tools is a basic requirement that an Angular app development company must look for while hiring developers.

Effective usage of the available Angular development tools like Protractor and TestWhizin Angular helps in successful project development. Lack of knowledge on any of these tools or inability to use them can result in critical issues sooner or later. It affects project management, error handling in the project, the performance of the end product, and much more.

Improper Code-organization

In Angular, organizing the code into small chunks is considered beneficial as it simplifies the development process and also helps to track any errors and resolve them easily. This approach is much useful when several developers work on the same project. But since this framework uses MVC architecture, at times the developers may add excessive code to a single controller. Such an improper distribution of code may create issues in the later stages of development.

Cleaning up the Subscriptions

Unsubscribing to the unnecessary and older subscriptions is also a vital step in Angular development. The developers must clean up such subscriptions from time-to-time as these can cause a threat to data security and lead to several other issues. They should also avoid new subscriptions constantly.

Declaring Functions Incorrectly

Sometimes, the developers fail to assign the functions to a specific variable. In such cases, the code is at risk of being manipulated. So, it is essential to properly declare functions to the variables. It provides the following benefits:

  • Makes the code neat and maintainable
  • Allows easy splitting of files
  •  Eases out the testing and maintenance process

Not using the controller AS Syntax

For assigning a model to the controller object, usually, the developers use $scope. But injecting the scope isn’t the right way to do it. Instead, using the controller as syntax is quite an effective and comparatively simpler method. Also, this syntax can be used in multiple ways in app development. But this syntax also has a drawback, that it provides confusing results while handling various nested scopes.

Unnecessary Use of jQuery

jQuery is commonly used for event-handling, for AJAX operations, and for making DOM manipulation easier. But it is advisable to first use the features available in Angular to the fullest and then use jQuery if required. Developers tend to first prefer jQuery without exploring options in Angular and this may result in unnecessary complications.

Improper Scope Binding

As we know, Angular uses the MVC model. Here, the scope is a set of built-in objects that consists of app data. Scope binds controller and view in the MVC model. At times, developers don’t follow the scoping rules provided by Angular which may result in issues in the app development process. The developers must properly assemble their scope objects.

Not using the Extension- Batarang

Batarang is a highly advantageous Google Chrome extension that aids in the development as well as the debugging process. But this extension is often ignored by the developers and not used to its fullest potential.

Putting too many Tasks for the Controllers

In the hurry to meet deadlines, developers may mix logic layers and allocate more tasks to controllers than necessary. This can result in a code that will execute more functions for a certain situation and may end-up in performance issues. For instance- having several event handlers or performing AJAX calls in controllers.

Ignoring Pre-launch testing

Needless to say, it is imperative to do adequate testing before an app is launched in the market. The app should be tested in cross browsers and different environments using tools like BrowserStack or LambdaTest if required. This helps in identifying the bugs if any. These bugs can be worked upon to deliver a successful app. Failing to do so can reduce the success rates to a great extent.

A few more Considerable Mistakes in Angular Development

  •   Failing to use the event-handlers properly
  •   Not optimizing the Angular app
  •   Using the Isolated scope directives more than required, which results in several errors.
  •   Using more Watchers than needed.
  •    Heavy processing, that can lead to a frozen browser.
  •    Overusing the Resolves that can increase loading times and slow down the app.

Final words:

In an Angular development company, it is quite normal for the developers to make some mistakes while building apps. Sometimes it is due to negligence, sometimes it is due to lack of experience and sometimes it is due to pressing timelines. Even experienced Angular developers tend to make critical mistakes at times during Angular mobile and web app development. But the knowledge of these errors and mistakes in advance can curtail them to a great extent and lead to time-saving and better app performance as well.

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Tuesday, February 23, 2021

How to develop a Location-sharing App using Ionic?

 

Most of the modern-day applications have the facility of Google maps and location-sharing. Whether a taxi-booking app or a social media app or a food-ordering app, all have this vital feature embedded in the apps. Since this feature has become essential, several businesses have developed advanced location-sharing apps or at least embedded this feature in diverse apps.

So, in this blog, we are going to look at the basic procedure to build a location-sharing app or integrate this vital feature in them. Here we will use Ionic, the popular cross-platform framework, for this purpose. The reason to consider Ionic app development is that this technology is easy to adopt, enables the development of captivating UI/UX, and feature-rich performance-based apps. It is built on AngularJS which offers various functionalities for development and a robust environment that makes the code more manageable. Besides, the Ionic framework utilizes Cordova plugins and allows widget development. Owing to such myriad benefits, a plethora of businesses hire Ionic app development services for architecting enterprise applications.

So let’s get started, but before that, let us have a quick look at the criteria that the Ionic app developers would be assuming before starting with the development.

1.     We will be using Firebase for saving the data.

2.     We will create a custom directive for integrating Google Maps into our application.

3.     We will be creating a mobile app for the Android platform.

Steps to Architect a Location-sharing app with Ionic

Check out the process of employing Ionic application development to create a location-sharing app.

Installations of relevant softwares

·       The first step is to install Node.js which automatically installs npm i.e. node package manager. Now you can install Ionic with the use of npm.

·       Also, install the required dependencies for the Android platform. After installing them, you need to create a blank Ionic project.

·       Now navigate to the project directory iMapApp. After this, you can add the desired platform, develop it, and emulate. Now, a blank app will probably be running in the Android emulator. But, this process of running the app in the emulator every time will be time-intensive. So, it is advisable to use Ionic CLI for running the application in the browser. Once again, it is essential to install the required dependencies with the use of npm.

·       After installing the dependencies, you need to run “ionic serve” in the terminal for the app to run in the browser.

UI Creation

·       You can begin with the addition of a new template for showing the map. Now create a new folder known as www/templates in the project directory. Also, create a file named map.html inside templates.

·       Google Maps will be rendered inside the HTML map where a div known as #map will be present. Also, there will be an input text box below the map for the users to fill the description and also a button for the details to be saved.

·       Now we will be using the “ionNavView” directive to create different templates based on various states. Add this directive to index.html page. The next step is the removal of the current contents of the body tag and addition of the “ionNavBar” directive above the “ionNavView” for building a top bar.

·       The title for the “ionNavBar” will be set from the rendered “ionView”.

·       For the proper organization of the app interfaces into multiple states, the Angular UI router module is utilized by Ionic. Now open www/js/app.js as we will define a state for the map.html template by writing the required code.

·       After implementing this code a new state for the URL “/map” is defined. This state will be rendering the template map.html and will be controlled by “MapCtrl” controller. To set the map as the default state, command “$urlRouterProvider.otherwise('/map')” is used.

·       Now create a file- “controller.js” inside “www/js/” and also add its reference in the file called- “www/index.html”

·       Then define the angular module first for defining controller code inside “controller.js”

·       After this, define the controller “MapCtrl” and then enter the “starter.controllers” module into the starter app. After saving this, you can view the map.html template.

·       Then you should add the Google Map in map.html which can be done by the creation of a custom directive known as “map”. Let us now define the directive in controller.js and add the directive attribute to div #map in map.html.

Adding default parameters like longitude, latitude, zoom in the Maps

·       First, pass the longitude, latitude, and zoom parameters to the google map directive. With the use of parameter “attrs” you can access these attributes inside the link function of the directive.

·       For evaluation of AngularJS expressions, “scope.$eval” is used.

·       The next step is to include the Google Maps API reference in index.html. Using the default values, Google Map’s latitude and longitude can be defined. Also, define map options for Google Map.

·       With appropriate code, add style to “www/css/style.css” for styling the “#map” div.

·       Lastly, save all the modifications to view Google Maps on the map page.

Adding a marker to the Google Maps

·       We need to modify the directive with the right code. Marker’s default position is set as longitude and latitude that is passed as an attribute. Also, the draggable option is set as true.

·       After implementing the code and saving the changes, a draggable marker will be visible in Google Maps.

Tracking the position of Marker

·       For this purpose, we will be attaching a “dragend” event to the Google Maps marker. Also, for attaching the drag end event listener inside the directive, add the right code.

·       After saving these changes, just try to drag the marker. Now inspect the browser console which must include the current longitude and latitude.

Saving all the details

·       In “MapCtrl”, define a $scope variable called “user” which will consist of information like longitude, latitude, and the data that the user enters.

·       In “MapCtrl” controller, create a function known as “saveDetails” which will use “scope.user” variable for fetching the required information.

·       Update the variables- “$scope.user.longitude” and “$scope.user.latitude” in the “dragend” event listener’s callback function when the users will move the marker on the map.

·       For updating the model bindings, call the “scope.$apply” function. After this, you need to attach the following:

o   a ngModel directive to the description input text box

o   a ngClick directive to the save button

·       Now save the data to Firebase. For this, you will first need to register with Firebase if you don’t have an account. After logging in, you will get a unique firebase URL.

·       After signing to the Firebase account, in the dashboard, you will find a plus link next to this URL. Click on that plus link and enter the below-mentioned inputs to get a sub URL- /MapDetails.

o   value as 0

o   name as “MapDetails”

·       To use firebase in the app, Include the script references in index.html. Insert firebase in controller.js and MapCtrl controller. Create a firebase object inside this controller. Create an instance of the firebase object. Use the firebase push API inside the saveDetails function, for saving the data to firebase. Once saved, refresh the application.

·       Now just drag the marker to a certain location on the Maps, enter some description and save this. All this data should be present when you check the firebase dashboard.

·       After the data is saved, using the Ionic popup, create an alert for notifying the users. In the MapCtrl controller, inject the $ionicPopup. Again, in the MapCtrl controller, add a function known as “showAlert”.

·       This function calls the “$ionicPopup” service for showing a pop-up having a template and a title.

·       After this, you should call “showAlert” in the success callback of the push API call.

·       Finally, save all the changes and the details once again. After saving these details in Firebase, you will get a pop-up showing a success message. This completed the process.

Conclusion:

We just saw the step-by-step method to integrate Google maps in the Ionic Apps. We hope this will be useful to the Ionic developers, an Ionic mobile app development company as well as the entrepreneurs who intend to create the best location sharing app. aiming to design impeccable apps with location-sharing functionality.

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Monday, February 22, 2021

Reasons to invest in mobile app development in 2021!

 

Mobile app development has gifted us smart digital solutions that assist users to perform diverse tasks effortlessly and speedily; regardless of the location and time. So, it has been noticed that the demand curve for mobile apps has been steadily rising since the past decade. This demand has sky-rocketed in 2020, on account of the stay-at-home economy triggered by the Covid19 pandemic. Present-day users are glued to their smartphone screens and expect a digital channel for every product or service they require. As a result, the contemporary scenario is such that businesses without a mobile app often fail to attract customers, thereby incurring losses. On the contrary, businesses that have invested in a mobile app created as per the contemporary mobile app development trends; have been blessed with an increased revenue generation. So, it’s high time you should hire a mobile app development company to build a phenomenal app for your enterprise.

In this article, I have penned down the reasons to invest in mobile app development.  Let’s explore!

Reasons to invest in mobile app development

Popularity of Mobile Handsets

The current generation of internet users has super-busy schedules. They have no time or intention to switch on their laptop or desktop for viewing your website and prefer to use their smartphone instead, for using digital services. As a result, if businesses wish to draw customers, they must adopt a mobile-centric approach.

24x7 Visibility

It is known to all that modern-day users are on their phones most of the time. Hence it is important that businesses leverage this opportunity thoroughly. The presence of an app constantly on the customer’s phone enhances brand image of the business as it displays the company logo on the smartphone screens of potential customers 24X7. This acts as a continual reminder of your brand’s presence and it becomes impossible for customers to ignore your brand when they need similar products or services.

Brand Recognition and Promotion

Business branding is crucial for businesses for making their presence felt across the globe and showcase their offerings. The presence of a well-designed, curated and user- friendly mobile application works wonders in showcasing your brand without the need for spending on traditional advertisement modes like billboards or signages.

Apart from advertising your brand, a mobile app also enables customers to share their brand experience via reviews and provide them the option to rate your brand. Positive reviews, endorsements, and ratings help to establish your brand value and boost sales as customers consider all these factors before choosing a product or service.

Creation of a Direct Marketing Channel

Mobile applications help to create a direct marketing channel for your business as it offers myriad marketing abilities.  Features such as news feed, messenger, etc. enable an exchange of information, like price updates, promotional offers, value deals, booking of forms, announcements regarding updates or new product launches, and many more. The customers can also be sent automated reminders through push notifications, regarding payments, products, or services. Therefore, your mobile app becomes a one-stop solution for users.

Improved Accessibility for users

An enterprise with a mobile application can not only spread awareness about its products and services but also provide round-the-clock accessibility to users. Hence, the users have the convenience to use the services of the business from any place and at any time leading to productive outcomes for the business.

Bridging the Communication gap

Thanks to mobile apps, businesses can provide improved customer care via digital product guidelines, demos, FAQs, reviews by other customers, etc. Additionally, 24X7 helpdesk support is provided via chatbots. As such, customers can reach out to businesses with their queries, complaints, or issues related to products/services; any time with the help of just a few clicks on their smartphone. These offerings help businesses to stay connected with their customers; reduce the costs involved in manual help desk services and also succeed in gaining the loyalty and trust of customers.

Personalized Services for Users

Smart mobile apps are capable of real-time tracking and data analysis. These features help entrepreneurs to identify customer app usage metrics like recent purchases, frequent searches, etc. This information is then analyzed to figure out the app usage patterns, categories preferred by a specific user, and behavioral tendencies. Based on these aspects, businesses can provide personalized services to users in the form of deals, offers and purchase suggestions.

mCommerce facilities

Banking apps and advanced digital payment portals have elevated mCommerce to a new level by offering secure, hassle-free and easy-to-use cashless payment options to online shoppers. Furthermore, users can choose from multiple online payment gateways available. So, an app integrated with the mobile payment option is widely preferred by users.

Boost in sales and revenue

Mobile apps provide flexibility, convenience, and also take care of customer preference. Consequently, consumers, these days prefer a mobile app that goes the extra mile to satisfy their expectations.  So, apps that deliver exceptional UX are sure to be universally accepted and generate huge amounts of revenue.

Final words

Mobile apps are powerful tools that help you to stay one step ahead of your competitors and are bound to fetch you a higher ROI. As such, businesses that have not yet invested in a mobile application must consider hiring mobile app development services.

Would like to develop a mobile app for your business? Well then, Biz4Solutions, a leading mobile app development company and technology partner, is worth a try! Our highly proficient developers have crafted profitable apps for customers from diverse domains as per their business needs.

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Thursday, February 18, 2021

Major Types of Blockchain Projects that are emerging to decentralize the economy!


 The term- ‘Blockchain’ was first coined in 2008 by Satoshi Nakamoto- an individual, or a group of people- its identity is not known till date. Blockchain was actually invented for serving as the public transaction ledger for Bitcoin cryptocurrency. But today, Blockchain solutions are solving several complex challenges for multiple industries. Blockchain Projects range from improving capital markets to data sharing/securing to seamlessly performing international payments. In this blog, I will discuss with you different types of Blockchain projects existing in the decentralized economy, along with a few basics of Blockchain technology and some vital benefits of Blockchain app development. Let’s get started.

Basics of Blockchain Technology

Simply put, Blockchain refers to the technology in which chains of blocks are created for carrying important data securely. This technology enables to timestamp digital documents so that altering or backdating them isn’t possible. Also, it helps the Blockchain app developers resolve the double records problem without requiring a central server.

This technology is also called Distributed Ledger Technology (DLT). It uses decentralization and cryptographic hashing. It is based on three concepts: Blocks, Nodes, and Miners. Conceptual working of Blockchain is explained in the below steps:

  • Transaction is initiated
  • Blocks are created for the transaction using the mining process
  • Blocks are sent to every node on the network
  • Nodes validate the transaction
  • Nodes are awarded for proof of work
  • Existing Blockchain embraces this newly generated blocks
  • Finally, the transaction gets completed

Potential Advantages of Blockchain App Development

The forward-thinking solutions provided by Blockchain app development will be virtually impacting almost all the sectors within a few years. This underlying technology is here to stay for decades to come as it offers advantages like the below:

  • Open-source
  •  Easy to use
  •  High-speed Transactions
  •  Decentralization and Immutability
  •  Elevated Traceability and Transparency
  •   Lesser Frauds, Security Threats and Risks, etc.
  •  Auditability
  •  Top-grade Security
  •   Better Accessibility to Important Data
  •   Automatic reconciliation of Accounts
  •    Improved Efficiency
  •    Higher Integrity
  •    Reliability and Trustworthiness

With the increasing demand for Blockchain technology, businesses are trying to adopt it in various forms. Different types of blockchain projects are coming up to keep abreast with the trending technology.

Categories of Blockchain projects

‘Fear of Missing Out’ (FOMO) Projects

The FOMO projects, as their names depict, are the ones initiated by companies to be seen as a competitive organization following the current trends and does not fall behind in the business world. These Blockchain Projects are usually led by single companies, either used for in-house applications or with a few limited partners. They are mostly used as a marketing act. These companies do not have the adept knowledge on how Blockchain can be best employed for varying projects. Though they might not create much value but they are not always useless. They represent the companies as modern and futuristic, so the chance of getting prospective customers increases.

However, the companies going with such projects must be aware of ‘FOMO backlash.’ It means that if the project is poorly planned and fails in the long term, the company’s reputation can be at stake.

Opportunistic Projects

These kinds of projects are usually meant to solve issues related to record-keeping or any known problems. These projects provide long-term benefits to the companies even when they are not operating for some time. But looking at the downside of these projects, the companies may lose control over contracts and data later.

One of the examples related to Opportunistic Projects is the creation of the Australian Securities Exchange for streamlining financial trading. Another example is the project developed by the Depository Trust and Clearing Corporation (DTCC) for regulating records from credit-default swaps is for the US financial system.

Trojan Horse Projects

In this category of projects, one significant player like a dominant supply-chain participant, or a small group, or a digital giant builds a Blockchain project and invites other ecosystem participants for employing it. They come with a strong technological foundation and are meant to address the common and wide-reaching issues in a certain industry. These projects look quite attractive and are backed by a brand. But such projects may require the users to share their sensitive info, their company’s data, etc., and thus, transfer the control which may result in consolidation of the market for the main owner of Blockchain.

A food-tracking Blockchain system is a good example of a Trojan Horse project. It takes lesser time and effort comparatively to decide the point at which the food items were replaced/adulterated, the person responsible for this, and its further prevention. It allows accessing of the records to the users in real-time. But the requirement is that participants need to share their personal details on the network. This can be at times risky for the participants as they become dependent on owner’s technology and bound by their contract terms.

Evolutionary Blockchain Projects

Blockchain projects in this archetype are developed in order to evolve over time so as to utilize tokens with decentralized governance. As compared to the trojan horse project category, the business currencies in evolutionary type projects can trade at a lower risk level comparatively for the participants.

There is an example for these type of projects that comes from UEFA – the central committee for European football. This committee works with two Swiss technology companies namely- TIXnGO and SecuTix for the development of an evolutionary blockchain platform that provides a safer and equitable market for selling football tickets. In this project, token is created for each ticket so that all the purchases, transfers of each ticket can be tracked along with owner details.

Blockchain Native Solutions

This too is another kind of project that business leaders focus upon. They are a preferred choice of several startups or innovated even by teams of existing firms for disrupting an existing business model or for developing new market opportunities. They may start with some different facilities and perspectives, but eventually, they are expected to move in the direction of decentralized governance and tokenization. However, these solutions come with huge currency risks. As a result, businesses that are ready to experiment and manage their own data, prefer Blockchain Native Solutions.

The gaming and Education industries have been working upon such projects. Enjin is an example of this project type in the gaming sector. In the education sector, Woolf University, also known as ‘decentralized Airbnb for degree courses’, is the best-cited example.

Concluding Views:

Blockchain technology has emerged as a new-age solution to address numerous business challenges that include data sharing and workflows. Blockchain solutions are not just limited to cryptocurrency today. They are applicable to several industries like the healthcare industry for sharing the data securely, in the transportation industry for real-time operations, in real estate processing, in the voting mechanism, for cross-border payments, for tax regulation and compliance, for food safety, and much more. So if you are thinking of building an impactful software application using Blockchain app development services, this blog would prove to be useful.

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