Author: deftsoft

Why Does Your Business Need Blockchain Development Company’s Expertise?

Posted on by deftsoft

What started as a digital currency, Bitcoin, in 2009 has now evolved into a technology that’s transforming industries. Various industrial segments are evolving with the implementation of blockchain technology. In 2024, Blockchain is known for its three key pillars: decentralization, transparency, and immutability, and it’s being embraced by businesses across the globe.

Driven by its attractive features, numerous enterprises and business organizations are leveraging blockchain technology to make their operations more feasible and interesting. One of its major benefits is the elimination of third-party intervention, ensuring a more streamlined and secure process.

according to Google Trends

Even according to Google Trends, there is a consistent uptrend in the popularity of users indulging with Blockchain technology.

This guide outlines the fundamentals of what to look for in a blockchain development company, the various blockchain development services involved, and, of course, why your business needs a custom blockchain development company.

What Exactly are Blockchain Development Services?

Blockchain development refers to the development, design, testing, and optimization of blockchain technology products such as decentralized applications (dApps), smart contracts, Non-Fungible Tokens (NFTs), crypto wallets, STO development, etc. 

Blockchain development services are services that a blockchain development company provides to build various blockchain-powered solutions with an array of industrial applications, such as in e-commerce, retail, technology, transport and logistics, hospitality, medicine, research, etc. 

For enterprises, business organizations, and startups, the key is to choose a reliable blockchain development company with a proven track record. With such a blockchain development partner, you can be sure that your blockchain development needs are in safe hands.

Why Your Business Must Invest in a Blockchain Development Company?

Outsourcing your blockchain development project is a strategic move. By entrusting your project to a blockchain development company, you can be confident in achieving tangible results. With a dedicated team of seasoned professionals focused on your project, you can achieve success quicker and more efficiently. This practice also combats the need to allocate a hefty in-house budget to kickstart a project.

Why Your Business Must Invest in a Blockchain Development Company

The following are some of the significant reasons why you require investing in a blockchain development company:

  • Years of Dedicated Expertise

A reliable blockchain development company has years of experience related to a specific technology, which in this case is blockchain development. It become quite time-consuming and inefficient to create a team of blockchain developers, UI/UX designers, coders and testers from scratch. This is why it is easier to outsource a blockchain project than to deploy it yourself.

  • Array of Developers

When you hire a blockchain development company for your project, you significantly open the doors to a broad spectrum of blockchain developers. Be it smart contract development, ICO/IEO/STO development, dApp development, NFT marketplace development, P2P lending platform development or any other type of blockchain development services, a smart blockchain development company can cater to all that you need.

  • Customization at its Best

You get a complete and 360-degree evaluation of your project with the experts in blockchain technology before they kickstart the project. These well-versed professionals with tons of experience analyze your requirements, validate your vision and then offer a customized blockchain solution that suits your needs.

  • Faster Time-to-Market

Blockchain development companies work with strict deadlines without hampering the quality of the project outcomes. Therefore, you experience faster time-to-market without compromising on the functionality and efficiency of the final product. One of the other upsides of outsourcing your project is that you get solid feedback from an external source that gives you an open perspective on your approach.

What are the Various Blockchain Development Services?

A custom blockchain development company offers multiple blockchain-related services. Based on your goals and objectives, you can choose any of the following blockchain development services that are prevalent in today’s market:

1. ICO, IEO and STO Development

Are you looking for fresh and unconventional ways to raise funds for your startup or a potential idea? Look no further than the Initial Coin Offering (ICO), Initial Exchange Offering (IEO) and Security Token Offering (STO) development services. Since STO is the latest and most evolved methodology, look for an innovative STO development company that checkmarks all of your requirements.

When outsourcing an ICO, IEO or STO development project, look for a blockchain development company that provides end-to-end token development services that address the entire process of developing and listing tokens on a blockchain platform like Binance and also, marketing these tokens in a suitable ecosystem. Opt for a company that provides an innovative approach, follows a quick preparation process for ICO, IEO and STO development and ensures high-quality fundraising and the correct execution of the development process.

2. dApp Development

With the worldwide adoption of blockchain technology, the industry is inclining towards decentralized applications (dApps). If you’re in search of a leading blockchain development company that creates apps that function on a distributed ledger technology, the dApp development services are the right fit for your requirements. 

These development companies provide custom dApp development services that can build robust decentralized apps on various blockchain platforms such as Binance, Stellar, Ethereum, EOS, Ripple, Hyperledger, Polkadot, etc. The process of dApp development not only includes app development but also involves creating smart contracts to implement certain conditions for the app. 

Look for a company that provides scalable, extensive and easy-to-deploy dApp development services so that you can foster achievable results for your blockchain project.

3. Smart Contract Development

Smart contract development services lay the foundation of blockchain development methodology as these services help streamline various transaction processes that take place on a blockchain network. If you want to implement a smart contract for your dApp or fundraising, etc., it is indeed important to hire professional smart contract developers who can eliminate physical paperwork and also, ease down the legal implementation of smart contracts.

In such cases, it is imperative to hire a custom smart contract development company that has a professional team of developers, designers, code writers, deployers and QA testers. Your primary goal should be to emphasize the importance of getting a ‘secure’ smart contract built by the company. 

There are a bunch of smart contract services available in the industry. These services include smart contract architecture and development, audit and optimization, smart contract for dApps, for NFTs, for DeFi and smart contract consulting.

4. Crypto Wallet Development

Crypto wallets are of premium importance as they store all the decentralized assets inside them. Whether you’re an enterprise, business organization or startup owner looking to secure your digital assets in an intuitive and easy manner, crypto wallet development services are meant for you. 

A crypto wallet development company develops a crypto wallet that stores private and public keys, stablecoins, tokens, Non-Fungible Tokens (NFTs) and other cryptocurrencies with utmost security and perfectly on-time delivery. From DeFi trading to securely investing on decentralized exchange (DEX) platforms, crypto wallets can help you function in the safest manner.

Ensure multi-step authentication, sophisticated security of digital assets and intuitive wallet navigation through crypto wallet development services.

5. Peer-to-Peer (P2P) Lending Platform Development

If you’ve ever taken a loan, you can completely understand the hassle associated with its approval. However, peer-to-peer (P2P) lending eliminates the need for third-party intermediaries such as banks, NBFCs, credit brokers or financial institutions. If you want to get a P2P lending platform built, you can reach out to a P2P lending platform development company.

The company that you outsource your project to takes care of a 360-degree approach which includes the development of the P2P lending platform, loan processing, investments and reducing maintenance costs. By utilizing the power of latest and cutting-edge technologies such as IoT and Artificial Intelligence (AI), a P2P lending platform development company builds robust, seamless, easy-to-use P2P websites and apps.

6. NFT Marketplace Development

If you’re an enterprise or business organization that dreams of building a secure, scalable, and extensive Non-Fungible Token (NFT) platform, then you need to choose an NFT marketplace development company. 

An NFT marketplace development company can cater to your industry-specific requirements and build a decentralized solution that can host art and collectibles from artists all around the world. The company can create an NFT marketplace on the blockchain of your choice, including Binance, EOS, Ripple, Ethereum, Solana, Avalanche, Polkadot, etc. If you want to achieve exponential growth for your NFT venture, it is quite important to invest in a blockchain development company.

What is the Future of Blockchain Development?

As the blockchain technology is gaining traction in the various avenues, the future of this technology seems bright and promising. Moving on, we can expect certain trendlines and extensive adoption of the technology. The following are some of the major trends to expect in the future:

  • Increased Adoption across Industries

As blockchain technology matures, various industries such as finance, healthcare, and supply chain management are expected to adopt blockchain development services more extensively. A blockchain development company can offer tailored solutions that ensure secure, transparent, and efficient processes, thus driving mainstream adoption.

  • Enhanced Interoperability

Future blockchain development will focus on enhancing interoperability between different blockchain networks. Blockchain development companies will prioritize creating protocols that allow seamless communication and data exchange between disparate blockchains, fostering a more connected and efficient ecosystem.

  • Integration of AI and IoT

The convergence of blockchain with Artificial Intelligence (AI) and the Internet of Things (IoT) will open new avenues for blockchain development services. Blockchain development companies will leverage these technologies to create smart, autonomous systems that can handle complex tasks, enhance security, and improve decision-making processes in real time.

  • Focus on Sustainability

As concerns about blockchain’s environmental impact grow, future blockchain development will emphasize sustainability. Blockchain development companies will innovate to create more energy-efficient consensus mechanisms and explore renewable energy sources to power blockchain networks, ensuring a greener future.

  • Regulatory Evolution

The regulatory landscape for blockchain is evolving, and future developments will be influenced by emerging regulations. Blockchain development services will need to stay compliant with these regulations, and companies will play a crucial role in developing solutions that meet legal standards while maintaining the decentralized ethos of blockchain technology.

Partner with An Innovative Blockchain Development Company

In today’s competitive world, diligently investing in a blockchain development company has become a non-negotiable. One such premier blockchain development company is Deftsoft. For the last 18 years, Deftsoft has been a leading name in various avenues, with blockchain being one of the most successful ones. 

Known for its customized blockchain development services, we offer various services pertaining to blockchain such as ICO, IEO and STO development, smart contract development, P2P lending platform development, NFT marketplace development and crypto wallet development. The company has a team of seasoned professionals, including blockchain developers, UI/UX designers, QA testers, and many other blockchain experts. 

Join hands with an innovative and custom blockchain development company like Deftsoft to yield tangible results that exceed your expectations.

FAQs:

1. What services can I expect from an STO development company?

An STO (Security Token Offering) development company specializes in creating security tokens that represent ownership of assets such as real estate, equity, or bonds. These tokens are developed to comply with regulatory standards and can be traded on blockchain platforms. You can expect an STO development company to handle the entire process, from token creation to listing and marketing, to ensure a secure and legally compliant offering.

2. Why should I hire a blockchain development company for my project?

Hiring a blockchain development company provides access to experienced professionals who specialize in various aspects of blockchain technology. These companies offer comprehensive services, including dApp development, smart contract creation and crypto wallet development. Outsourcing your project can benefit you from their expertise, which can lead to faster development times, lower costs and a higher-quality final product.

3. What blockchain development services can I expect from a professional company?

A professional blockchain development company offers a wide range of services such as dApp development, smart contract development, ICO, IEO and STO development, crypto wallet development, P2P lending platform development and NFT marketplace development. These services are tailored to meet the specific needs of various industries, ensuring efficient and secure blockchain solutions.

4. How does a custom blockchain development company differ from a standard one?

A custom blockchain development company focuses on creating tailored solutions that align with your specific business requirements. They provide a thorough analysis of your project needs, validate your vision and develop a customized blockchain solution. This personalized approach ensures that the final product is optimized for your unique use case, delivering maximum value and efficiency.

5. What factors should I consider when choosing a blockchain development company?

When selecting a blockchain development company, consider factors such as proven track record and experience in blockchain projects, range of services offered, including dApp development, smart contracts and STO development, customization capabilities to meet your specific project requirements, speed of development and adherence to deadlines, quality of the development team including developers, designers, and QA testers and compliance with regulatory standards and focus on security. By evaluating these factors, you can ensure that you choose a reliable and competent blockchain development partner.

Altcoin Season Alert: Bitcoin Alternatives Explained 

Posted on by deftsoft

On the social media platform Twitter, the altcoin buzz is real. People from all corners of the world are discussing altcoin, often with the misconception that it’s a shortcut to wealth. But is this really the case?

Apparently, an altcoin season or altseason comes up when all the other cryptocurrencies besides Bitcoin outperform the latter and offer groundbreaking returns. The altcoin season arrives when there is bullish behaviour in the activity and trading volume of cryptocurrencies alternative to Bitcoin.

What is altcoin? Is the altcoin season over? What strategy should I use to invest in altcoins? Keep on reading to find the answer to these questions.

How Do You Define an Altcoin?

Any cryptocurrency other than Bitcoin (BTC) is called an altcoin. The term became popular when Ethereum was introduced in 2011. It was then that a new cryptocurrency was created, apart from Bitcoin. 

Therefore, Ethereum is an altcoin. Other cryptocurrencies such as Binance Coin, Solana, Cardano, Dogecoin, Toncoin, Tether and Shiba Inu are altcoins.

Decoding the Altcoin Season 

So, when is an altcoin season, and how does one identify the beginning of it? 

They say don’t put all your eggs in one basket. This is what cryptocurrency investors believe in, too. Bitcoin has proven to be a tangible asset in offering groundbreaking returns. Out of hunger for more, investors began exploring alternative cryptocurrencies to Bitcoin to diversify their investment portfolio and identified altcoins as a golden opportunity!

Belonging to the small to mid-cap markets, these altcoins are more volatile and thus, offer potential gains. 

Is Altcoin Season Over?

The two main indicators of a successful altcoin season are:

  • Bitcoin’s dominance in the market
  • Altcoin’s price performance

When there’s a major drop in the dominance of Bitcoin in the market, that’s when investors run out to invest in alternative cryptocurrencies, altcoins. Bitcoin hit its record-high around $74,000 in mid-March when there was an increase in the interest from new spot exchange-traded funds.

Fast forward to now, Bitcoin is falling down even below $66,000!

Bitcoin is falling down even below $66,000!

On the other hand, Ethereum’s price has surged 15% in the last month, while altcoins have also experienced a significant drop in their rates.

A basic rule of thumb to detect if the altcoin season exhibits an uptrend is when 75% of the top 50 altcoins perform relatively better than Bitcoin over a period of 3 months. However, only 8 cryptocurrencies have managed to outperform Bitcoin in the period of the last 3 months!

8 cryptocurrencies have managed to outperform Bitcoin in the period of the last 3 months

However, the Bitcoin season has apparently started again after a five-month span. There was an uptrend in altcoins at the beginning of January 2024, but it has subsided substantially.

Major Show Stealers in the Altcoin Market

When talking about altcoins, Cardano and Dogecoin are some of the major cryptocurrency performers in the web3 industry. Let’s learn about these two cryptocurrencies in detail:

1. Cardano (ADA)

Cardano is a blockchain platform known for its focus on sustainability, scalability, and interoperability. Founded by Charles Hoskinson, one of Ethereum’s co-founders, Cardano aims to provide a more secure and efficient infrastructure for decentralized applications (dApps) and smart contracts. Key features include its unique consensus algorithm, Ouroboros, which enhances scalability and security. ADA, Cardano’s native cryptocurrency, fuels transactions and operations within its ecosystem.

Benefits and Recent Performance:

  • Scalability: Cardano’s architecture allows for scalable and efficient transactions, supporting a wide range of applications.
  • Interoperability: It aims to facilitate seamless communication between different blockchain networks.
  • Recent Performance: ADA has shown significant growth, gaining attention for its technological advancements and strong community support.

2. Dogecoin (DOGE)

Initially created as a light-hearted meme coin, Dogecoin has evolved into a popular digital currency known for its vibrant community and low transaction fees. Developed by Billy Markus and Jackson Palmer, Dogecoin distinguishes itself with its accessible and user-friendly approach to cryptocurrency.

Benefits and Recent Performance:

  • Community Engagement: Dogecoin has a robust community that actively supports charitable causes and adoption efforts.
  • Low Fees: Transactions with Dogecoin typically incur minimal fees, making it attractive for everyday transactions.
  • Recent Performance: DOGE has experienced periods of significant price volatility, driven by social media trends and celebrity endorsements.

Disclaimer: These are mere suggestions based on the current market sentiments. We do not indulge in offering investment strategies for individual portfolios.

How to Create a Strategy During Altcoin Season

Here’s how you can create a strategic investment for potential altcoin investments:

  • Research and Due Diligence: Evaluate the technology, team, and community behind each altcoin.
  • Market Analysis: Monitor market trends, including trading volumes and price movements.
  • Risk Assessment: Assess the risks associated with each investment, considering factors like regulatory changes and technological vulnerabilities.

How to Mitigate Risks Associated with Altcoins?

You can follow the below-mentioned strategies to eliminate risks associated with investing in altcoins:

  • Portfolio Diversification: Spread investments across different altcoins and asset classes to minimize exposure to individual risks.
  • Setting Goals: Define investment goals and stick to a well-defined strategy to avoid impulsive decisions.
  • Staying Informed: Always ensure that you keep yourself updated about market developments and adjust your strategy accordingly. Don’t forget to put your money where your mouth is!

Final Words

Investing merely in altcoins is a pure gamble in 2024. You cannot forget the primary outperformer, Bitcoin, when trying to diversify your portfolio in the cryptocurrency space. Always play safe to protect yourself from the volatile market.

At Deftsoft, we don’t just observe the trends—we build the technology that powers them. Whether you’re looking to secure your digital assets or tap into the vast potential of altcoins, our custom crypto wallet development services are designed to meet your needs. 

Join hands with the experts for the blockchain revolution. Contact us today to understand how our solutions can enhance your investment strategy and keep you ahead of the curve in the dynamic world of cryptocurrency.

FAQs:

1. What defines an altcoin, and how does it differ from Bitcoin?

Altcoin refers to any cryptocurrency other than Bitcoin. Initially popularized by Ethereum’s introduction in 2011, altcoins serve various purposes beyond Bitcoin’s digital gold narrative, including supporting decentralized applications (dApps) and enhancing transaction efficiency through different consensus mechanisms.

2. Is the altcoin season over, and how can I recognize its onset?

Altcoin seasons are characterized by increased trading volumes and market activity among cryptocurrencies other than Bitcoin. One indicator of an altcoin season is when a significant number of alternative cryptocurrencies outperform Bitcoin over a sustained period, typically observed through market dominance shifts and price-performance metrics.

3. Why should I consider investing in altcoins like Cardano and Dogecoin?

Cardano (ADA) and Dogecoin (DOGE) represent diverse opportunities within the altcoin market. Cardano focuses on scalability and sustainability, offering robust infrastructure for dApps and smart contracts. Dogecoin, originally a meme coin, boasts a supportive community and low transaction fees, making it accessible for everyday transactions.

4. How can I develop a strategic investment plan during the altcoin season?

Creating a strategic investment plan during the altcoin season involves thorough research, market analysis, and risk assessment. Evaluate each altcoin’s technology, community support, and market trends. Monitor trading volumes and price movements to identify potential opportunities while considering regulatory changes and technological risks.

5. How can a blockchain development company assist with crypto wallet development services?

A blockchain development company like Deftsoft offers custom crypto wallet development services tailored to secure digital assets and facilitate seamless transactions. Whether you’re a new investor or an experienced entity in the market, specialized crypto wallet solutions ensure enhanced security, usability, and integration with blockchain networks, empowering you to navigate the cryptocurrency market confidently.

React Native vs. Native: A Comparative Analysis

Posted on by deftsoft

Web and mobile developers are looking for novel frameworks and methodologies to flourish robust applications. With the increased adoption of a variety of UI software toolkits to develop iOS, Android and cross-platform apps, React Native vs native remains a constant point of attraction. 

As per a survey in May 2024, mobile apps are projected to generate a market revenue of over $935 billion in 2024. In this rapidly evolving landscape, mobile and web developers are constantly grappling with the choice between traditional native iOS and Android app development and the time-saving React Native app development.

This blog is a resourceful guide if you want to comprehend what’s better for mobile app development: React Native vs native app development. We will discuss what native and React Native app development is, factors to consider when choosing the right framework for your app and finally, the significant advantages and disadvantages of the two mobile app development approaches.

Stay with us till the end to gain practical insights that can simplify your next mobile app development project, making your work more efficient and effective!

What is Native?

A native app is an application that is built separately for iOS and Android operating systems. It means that when a developer wants to build an Android app, he’ll make use of Java or Kotlin as programming languages. On the other side, if he wants to build an iOS app, he will use Swift or Objective-C programming languages.

What is Native

Through the native app development approach, users can create high-quality applications for a specific platform, ensuring optimal app performance and a seamless user experience. Native apps can be built by using various popular coding platforms, such as Android Studio for developing Android mobile applications and Xcode for developing iOS applications.

What is React Native?

React Native is a UI software framework that consists of programming languages, libraries and frameworks dedicated to building cross-platform mobile and web applications. This means that you can build both iOS and Android apps by simply using a single codebase. You just need to code once and build fully functional apps for multiple operating systems.

What is React Native

The React Native framework was introduced by Facebook in 2015 as a time-saving alternative for native app development. Building a cross-platform app from a single codebase and minimal resources is quite a fair deal for numerous mobile and web app developers. 

The developers can quickly develop high-performance applications using programming languages such as JavaScript and React. Many developers have switched to the React Native approach due to its feasibility and minimum resource requirement.

What are the Factors to Consider in React Native vs Native Comparison?

If you’re keen to understand the difference between React Native vs native app development, there are some key factors to consider when choosing the right approach for your project. The following are some of the most noteworthy factors to consider when choosing the best choice for your project:

  • Does Your Project Need High Speed?

Suppose that you’re working on a complex game project that requires high-speed response. This is when you need to opt for native app development. Another instance is when you’re building an app that requires in-depth internal API calls and other set of complex services such as sensors, broadcast receivers and threads, then native app development is the right choice for you.

On the contrary, if you’re building an app like an online clothing store, it doesn’t require complex internal API calls. This is when you can choose React Native.

  • Do You Have a Limited Budget?

The real question of choosing React Native vs native development is when you have limited resources. It costs a lot more to develop a native app for a dedicated platform than to develop multi-platform apps from a single codebase. If budget is a constraint for you, choosing React Native for cross-platform app development is a judicious choice.

  • Are You Comfortable with Web Technologies?

If you’re a web developer comfortable with web technologies and have a comprehensive experience with them, then React Native is the smarter choice for you. However, if you’re familiar with Java or Kotlin, then native app development is the best choice for you.

Now that you know what questions to ask before choosing the right framework for your project, let’s discuss the advantages and disadvantages of React Native vs native mobile app development one by one.

What are the Advantages of Native App Development?

The significant benefits of native app development are as follows:

Advantages of Native App Development
  • Faster App Development

Native app development is quick and robust because it interacts well with hardware. Native apps are developed using native programming languages such as Kotlin, Java, Objective-C, Swift, etc., and native APIs that function faster than React Native app development. Therefore, native app development offers a faster response time.

  • Superior UI/UX Experience

One of the major benefits of native app development is the availability of multiple customization options for developing iOS and Android apps. The native apps strictly follow User Interface (UI) guidelines and standards for each of the dedicated platforms, be it Android or iOS app development. Developers can also choose a variety of fonts, icons and animations for their app.

  • Better Memory Management

Native app development is the best choice for building a complex and resource-intensive application. They have better memory allocation as compared to react native applications.

What are the Disadvantages of Native App Development?

The following are the major disadvantages of native app development:

Disadvantages of Native App Development
  • Highly Resource-Intensive

It becomes quite challenging to maintain different codebases for separate applications for iOS and Android. Especially during the time of making updates, it becomes difficult to perform upgrades with such complexity. Sharing the code between two different operating systems also becomes a daunting task.

  • Long Time-to-Market

Since native app development focuses on writing separate codebases for iOS and Android apps, it eventually takes time to launch the final app and bring it to the market. Developing native apps also takes dedicated massive teams of developers, UI/UX designers and testers who need to be proficient in native programming languages. Sometimes, it gets difficult to stay up-to-date in the fast world of technology.

  • High Cost of Development

Because of high maintenance and update costs, native app development is relatively costlier than leveraging React Native for cross-platform app development.

What are the Advantages of React Native App Development?

Here are some of the significant advantages of React Native app development that make it a better choice than native app development:

Advantages of React Native App Development
  • Budget-Friendly

Since React Native offers a common interface to write the codebase for both iOS and Android apps, React Native app development is very economical. If you’re a startup or mid-sized business organization, React Native is a wonderful choice of framework for saving money and building cross-platform apps.

  • Time and Resource-Saving

Building cross-platform apps requires a minimum amount of resources and workforce. You can easily find JavaScript and React programmers in the industry who can help you bring your vision to life. Since there is a single codebase for writing code for both iOS and Android apps, the React Native approach is affordable and economical.

  • Cross-Platform Functionalities

It’s every app developer’s dream to write code just once and then deploy it for all the platforms. React Native framework provides this exact flexibility to the developers and provides a uniform experience to the users across a variety of platforms. Therefore, it significantly reduces the app development time and offers an interactive experience to the users.

  • Easier Testing and Debugging

React Native offers a plethora of sophisticated tools for testing and debugging applications. Some of the significant tools include Expo and Reactotron. These tools are reliable and offer enhanced functionalities for debugging and testing cross-platform apps.

  • Active Community

React Native has an active community and massive user base that constantly contributes to improvement and bug-fixing suggestions. The active community plays a significant role in considering the React Native codebase as a reliable and credible choice of framework.

What are the Disadvantages of React Native App Development?

The following are the primary disadvantages of React Native app development:

Disadvantages of React Native App Development
  • Limited API Access

You cannot fully access the native features such as native APIs when developing iOS and Android apps through React Native. Cross-platform app development add some constraints to the mobile and web developers in creating apps. 

  • Lagging Performance with Complex Apps

React Native is a considerable choice for app development when building a general app. However, if you’re creating an app that has complex functionalities, the React Native framework seems to slow down and work inefficiently. Developers see themselves facing issues when working with large datasets or complex animations. The reason is that React Native functions over a JavaScript bridge that communicates with native modules which creates delays in the performance.

  • Limited Customizations

Developers cannot gain complete access to native device features or functionalities that are available when creating native apps for iOS and Android. Therefore, developers struggle to add customized features to Android and iOS apps.

Conclusion

The battle of React Native vs Native app development stands strong when talking about web and mobile app development. If you’re a business organization or a startup that wants to get a native or cross-platform app developed, you must invest in a reliable React Native development company that offers customized solutions. 

Deftsoft has a team of seasoned mobile app development professionals from which you can hire React Native developers for your project. We’ll offer you customized native and React Native app development services. Reach out to know more!

FAQs:

1. What is the difference between Native and React Native app development?

Native app development involves creating applications for a single platform, using Swift or Objective-C for iOS, and Java or Kotlin for Android, ensuring high performance and superior user experience. React Native, a cross-platform framework, uses JavaScript and React to build apps for both iOS and Android, streamlining development and reducing costs.

2. What factors should I consider when choosing between React Native and Native app development?

Native development is preferable for projects requiring high-speed performance, intensive API calls, or complex functionalities. React Native is cost-effective, allowing code reuse across platforms and reducing development time. Team expertise is crucial; web technology proficiency favors React Native, while platform-specific language skills favor native development for customized user experiences.

3. What are the advantages of Native app development?

Native apps, optimized for their respective platforms, offer superior performance and responsiveness. They provide an enhanced user experience through detailed customization and adherence to platform-specific UI/UX guidelines. Developers can fully leverage device capabilities, such as sensors and cameras, without restrictions. Additionally, native apps seamlessly integrate with the device’s OS, ensuring smoother and more reliable functionality.

4. What are the advantages of React Native app development?

Using a single codebase for both iOS and Android reduces development costs, accelerates the development process for quicker time-to-market, and ensures a consistent user experience across platforms. With support from an active developer community, this approach requires fewer developers, making it ideal for startups and small businesses.

5. What are the disadvantages of React Native app development?

React Native may struggle with complex apps featuring heavy animations or large datasets, potentially leading to performance issues. Limited access to certain platform-specific APIs can restrict functionalities. Developers might encounter difficulties in implementing highly customized features and achieving the same refinement as native apps. The JavaScript bridge can introduce latency, affecting performance in resource-intensive tasks.

Best Frameworks for Your Healthcare Wearable App

Posted on by deftsoft

The world is opening up to new possibilities and ways of interacting with smart devices and wearables are the dawn of this new age. Wearables such as smartwatches, Apple Watch, etc., are in their peak era, especially for monitoring health. 

According to businessofapps.com, two in five adults used healthcare apps last year, and there was a 35% increase in people using wearables compared to 2018.  With such striking adoption of wearable apps, now is the golden period to kickstart your healthcare wearable app development venture.

To back this up, Statista estimated that the market for wearable healthcare devices will reach $76.1 billion by 2029.

Statista estimated that the market for wearable healthcare devices will reach $76.1 billion by 2029.

This blog is a user-friendly guide for app enthusiasts who want to launch their healthcare wearable app. Whether you want to build your own Android or iOS wearable app, this guide is designed to provide you with the most important tools and frameworks you need to adopt, making the process feel more manageable and less daunting!

What is Healthcare Wearable App Development?

Healthcare wearable app development is the process of creating applications that function on wearable devices such as Android smartwatches, Apple Watch, fitness trackers like Fitbit, etc. The role of these apps is to collect, analyze and show health-related data such as heart rate, respiration rate, sleep patterns, steps taken and tracking menstrual cycle.

These wearable healthcare apps play a significant role in preventing life-threatening diseases such as heart stroke, chronic disease management and prompt a health-conscious lifestyle.

For instance, in recent news, a 73-year-old New Jersey man credited Apple Watch for saving his life. The wearable device alerted the man for a significantly low pulse rate, thus saving his life.

Therefore, healthcare wearable app development is not just about driving business but also about working towards a massive vision of saving lives.

What are the Best Frameworks for Healthcare Wearable App?

Frameworks are essential tools in building an app. They provide pre-built libraries and components that streamline and speed up the process of wearable app development and ensure brand consistency.

Before choosing a framework for your app, it is important to analyze some pivotal factors to make the right decision. Choose a framework that aligns with your app’s goals and the available resources at your end. You can consider the following factors to choose a framework for a healthcare wearable app:

  • Device compatibility
  • User-friendliness
  • Performance
  • Available community support

We’ve divided this section into two parts: the best framework for Android health wearables and the best framework for iOS health wearables. 

Best Framework for Android Health Wearable App Development:

  • Android Wear SDK

If you want to create an Android wearable app, Android Wear SDK is Android’s official framework for creating wearable apps. It is a self-sufficient toolkit that offers a comprehensive pool of libraries and tools for building Android healthcare wearable apps from scratch.

Android Wear SDK - Framework for Android

You need to download Android Studio and then select Wear OS in the Templates pane. Later on, you also need to download SDK Manager from Tools and you’re good to run your first app on Wear OS 4 (latest version).

The following are the highlighting features of the Android Wear SDK toolkit:

  • Emulator environment to monitor the progress of the app while creating it.
  • Integrated APIs
  • Special tools to perform voice-based actions
  • Custom notifications
  • Wearable-based layouts for Android smartwatches

Best Framework for iOS Health Wearable App Development:

  • Apple’s WatchKit

Apple’s WatchKit is Apple’s official framework for building applications. You can create a diverse range of watchOS apps by using useful functionalities such as extended runtime sessions and background tasks.

apple watch kit

The following are the highlighting features of Apple’s WatchKit:

1. Libraries:

Exploring libraries inside Apple’s WatchKit allows you to utilize a large number of functions and classes. You can also add unique features to your Apple Watch app, such as a Digital Crown and haptic engine.

Some of the significant libraries and frameworks include the following:

  • MMWormhole: It is a powerful connectivity toolkit for processing, synthesizing, and analyzing notification sounds. It creates a bridge between iOS and OS X extensions and their corresponding applications. You can install it through CocoaPods.
MMWormhole
  • IGInterfaceDataTable: It helps configure tables with multidimensional data seamlessly. It can also be used to create aesthetic Apple Watch apps with complex data structures.
IGInterfaceDataTable

2. Templates:

Apple WatchKit’s templates ensure that the developers stick to the UI/UX and design guidelines of the Apple Watch’s apps.

3. Debugging Tools:

 It often gets difficult to debug wearable apps because of their small size and unique user interactions. Apple WatchKit provides developers with various debugging tools that can help them recognize and fix issues efficiently. You can also do this in real-time with the help of Xcode.

4. Emulator:

Thanks to the Apple WatchKit emulator, which offers a simulated Apple Watch environment, you can develop the Apple Watch wearable app in real-time. This functionality ensures that the app’s UI/UX and capabilities are exactly what the developer intends them to be.

Points to Remember for Healthcare Wearable App Development

Since you’re here to learn about the best frameworks for healthcare wearable app development, the following are the most important features to remember when developing your healthcare wearable app:

  • UI/UX and App Interface

It is crucial to build an app with a a seamless, user-friendly, and intuitive user interface, keeping in mind the navigational tendencies of wearable device users. A basic rule of thumb is to keep the interface as simple as possible. Remember, the users are not technical experts!

  • Data Privacy and Security

Since health data is quite sensitive in nature, it is important to integrate robust security measures such as secure data storage, encryption and security compliance like GDPR and HIPAA. Users only rely on apps that keep their data secure.

  • Easy Integration with Other Systems

The created wearable app must be dynamic enough to get integrated with other health devices and systems easily. For instance, a healthcare wearable app must have the capability to connect with other wearables, electronic health records (EHRs) and third-party health apps. 

For instance, many companies are working on building a noninvasive insulin monitoring technology for their smartwatches. If they crack the code, it could be life-transforming!

Join Hands with a Reliable Wearable App Development Company

Whether you want to build a healthcare wearable app from scratch or extrapolate your mobile app idea into a wearable app, look no further than Deftsoft. With a team of 50+ experienced wearable app developers well-established over the last 18 years, we can help you transform your idea into a real-life wearable app. We offer premium wearable app development services that follow a streamlined process to create your healthcare wearable app right from ideation to app launch. Our team of experts offer app consultation, app development, QA testing, launch and consistent wearable app optimization.

Check out our wearable app development services or reach out directly.

FAQs:

1. What are healthcare wearable apps?

Healthcare wearable apps are applications designed to run on wearable devices like smartwatches and fitness trackers. They collect and analyze health-related data to provide insights and improve health management.

2. Why are frameworks important in wearable app development?

Frameworks provide a structured environment for development, offering pre-built components and libraries that speed up the process and ensure consistency in app architecture.

3. How do I ensure data security in my healthcare wearable app?

Ensure data security by implementing robust encryption, secure data storage, and compliance with regulations like HIPAA and GDPR. Regular security audits and updates are also essential.

4. What are the benefits of hiring a wearable app development company?

Hiring a professional development company ensures high standards, optimized performance, and robust security. They bring expertise and experience, reducing the risk of costly mistakes and ensuring ongoing support.

5. What is the future of healthcare wearable apps?

The future of healthcare wearable apps lies in advanced technologies like AI, machine learning, and blockchain, which will enhance data analysis, security, and personalization, playing a crucial role in preventive healthcare and chronic disease management.

Smart Contract Vulnerabilities: Types & How to Prevent Them

Posted on by deftsoft

Smart contracts have transformed the way transactions occur across the web. These are self-implementing agreements among stakeholders without the interference of intermediaries on Web 3.0. It is important to note that smart contracts are built and run on top of blockchain.

Most commonly, users deploy smart contracts on Ethereum. A smart contract consists of a set of conditions and once these conditions are met, it launches automatically. Sounds easy and safe, right? Even though the smart contract is executed in the correct way, hackers have found their way into this ‘immutable’ blockchain system!

Why does this happen? 

This is because there are many vulnerabilities or weaknesses in a smart contract that need to be identified. Therefore, smart contract auditing is the answer to recognizing the smart contract vulnerabilities and eliminating them.

You can refer to this guide to understand in-depth about the top smart contract vulnerabilities and what you can do to avoid them.

What is Smart Contract Auditing?

Smart contract auditing is the process of performing a thorough and comprehensive analysis of a smart contract in an application. The objective of smart contract auditing is to look for vulnerabilities and act on them robustly. 

According to a CertiK report of 2023, the Web3 landscape lost a total of $1.84 billion across 751 security incidents. With such a huge number lost in the market, there is a grave need for performing security audits in smart contracts. 

There are numerous tests that a smart contract auditor performs to identify these smart contract vulnerabilities. We’ll discuss more about these tests in the later part of this blog.

Watch Out for These Smart Contract Vulnerabilities 

smart contract vulnerabilities

Here’s a list of top smart contract vulnerabilities that you need to watch out for in a target smart contract.

1. Reentrancy

When talking about Ethereum vulnerabilities, reentrancy is one of the most common types of smart contract vulnerabilities. This is a kind of vulnerability where an attacker tries to push in a malicious smart contract before a transaction is made. The reentrancy smart contract vulnerability can cause heavy financial loss as the attacker can get the ‘malicious’ smart contract implemented.

The reentrancy attack is one of the most common malicious attacks found in smart contract implementation. 

The following are the main types of reentrancy attacks:

  • External Call

In this type of reentrancy attack, an attacker looks for the availability of an external call through a malicious contract.  The external call befools the callee to execute the arbitrary code. Therefore, you must be aware if there is any external call getting executed in your smart contract.

  • Single Function Reentrancy

When an attacker is trying to call the exact vulnerable function again and again, it is called single function reentrancy. The scariest part about this attack is that the balance is only modified after the funds are transferred.

  • Cross-Function Reentrancy

This kind of reentrancy test is a complex version of the attack. It occurs when a vulnerable function shares its state with a function that can be potentially exploited by an attacker.

  • Read-Only Reentrancy

This is a new type of reentrancy test in which the attacker cannot directly enter and exploit a smart contract. Instead, he enters into another smart contract which then reads the state of the original smart contract. This reentrancy attack is quite hideous in nature as it doesn’t attack directly on the target smart contract.

How to Prevent Reentrancy Attacks?

  • For Other Reentrancy Attacks

One of the simplest ways to prevent reentrancy attacks, other than read-only reentrancy attacks, is to use ReentrancyGuard. It allows you to add a modifier to the functions that are vulnerable in nature. For example, you can use the nonReentrant modifier to stave off single-function and cross-function reentrancy attacks.

  • For Ready-Only Reentrancy Attacks

To avoid read-only reentrancy attacks, you can leverage the checks-effects-interactions pattern for the highest level of security. The trick is to make the state changes prior to an attacker enters the smart contract. 

The checks-effects-interactions pattern follows the below-mentioned sequence to order smart contract functions:

  1. Begin the function with checks, such as assert or require statements.
  2. Perform the state of the smart contract, that is, you need to make state modifications.
  3. Lastly, you need to perform interactions with other smart contracts. External function calls are a great example.

The implementation looks as follows:

function withdraw() external {

  uint256 amount = balances[msg.sender];

  balances[msg.sender] = 0;

  (bool success,) = msg.sender.call{value: balances[msg.sender]}(“”);

  require(success);

}

Here, the balance is set to 0 and nothing can be transferred after the first interaction.

2. Gas Grieving

Gas grieving is another significant and commonly found smart contract vulnerability, especially on the Ethereum platform. Let’s understand what it means. Whenever a user has to make a transaction or execute a smart contract, a certain fee must be paid. This fee is called a gas fee. The price of this gas fee is decided based on the demand, supply and network capacity during a transaction.

Sometimes, the gas fee is enough to implement the smart contract but not enough to make calls to other smart contracts, which are called sub-calls. When these sub-calls fail to happen, either the execution is continued or the transaction fails. 

This is when gas grieving, a significant smart contract vulnerability occurs. For example, a relayer contract allows a user to make and sign a transaction. This usually happens when users are not able to pay for the gas.

How to Prevent Gas Grieving?

Although there is no definite way to prevent gas grieving smart contract vulnerabilities, you can do the following:

  • You can code the smart contract or get it coded by a blockchain developer and set the amount of gas fee to be sent. This way, the user doesn’t have to send the gas fee dedicatedly.
  • Only the trusted users should be allowed to relay the transactions. 
  • Another way to prevent gas grieving is to provide enough gas. It can be done with the following code:

// contract called by Relayer

contract Executor {

    function execute(bytes _data, uint _gasLimit) {

        require(gasleft() >= _gasLimit);

        …

    }

}

Source: GitHub

3. Integer Overflows and Underflows

Integer overflows and underflows occur in a smart contract when the result of an arithmetic operation exceeds or remains below the fixed-size ranges. Older smart contracts leveraged the SafeMath library to prevent exceeding or ‘less than’ values. However, in the Solidity blockchain platform, there is a built-in SafeMath logic that prevents integer overflowing and underflowing.

We’ll take the case of Solidity, where integer types have the following maximum values.

  • Unit8 => 255
  • Unit16 => 65535 
  • Unit24 => 16777215
  • Unit256 =>  (2^256) – 1

So, when do the overflows and underflows occur? When the value goes beyond the maximum value, integer overflow happens. This is when the value is taken back to zero. 

On the contrary, when the value is even below the minimum value limit, integer underflow happens. This is when the value goes up to the maximum value limit.

Overflow bugs especially occur with small integer types such as unit8, unit16, etc. as these integer types have smaller maximum values that get overflowed easily. Therefore, these values should be used with utmost care.

How to Prevent Integer Overflows and Underflows?

Here are the two approaches you can use to prevent integer overflows and underflows:

  • You can use the SafeMath library if you’re working on older smart contracts.
  • The 0.8.0 version of Solidity does not allow any occurrence of integer overflows and underflows as it comes with a built-in SafeMath logic.

Note: You can avoid the SafeMath logic by using unchecked blocks.

4. Unencrypted Private Data

Unencrypted Private Data

Blockchain is an immutable technology however, it is completely transparent in nature. All the information stored on the blockchain is readable, accessible and visible to everyone on the network. Therefore, it is not advisable to add confidential or sensitive information on the blockchain network.

Smart contracts built on top of blockchain often contain sensitive functions and variables. To give you an idea, the smart contract code, storage and data can always be read by anyone. Malicious attackers can decompile the code and gain sensitive transaction information. 

How to Prevent Private Data Leaks?

You can follow the below-mentioned tips to prevent data leaks:

  • Smart contract developers must implement specific access controls.
  • You can also use the principle of least privilege by leveraging Solidity’s variable and function visibility modifiers. This allows you to offer minimum-level visibility to the smart contract.

5. Denial of Service (DoS) Attack

There are many reasons for a Denial of Service attack, one of which is when logic cannot be executed. This often occurs as a result of unexpected revert. Some of the prominent reasons for the logic to get reverted are as follows:

  • Integer Overflow/Underflow

If you’re using anything below Solidity 0.8.0 where the SafeMatch library is missing, there are many chances of creating integer overflows and underflows while performing arithmetic operations. These overflows and underflows can cause a revert that can gradually lead to a Denial of Service (DoS).

However, it doesn’t mean that the usage of checked math will always lead to DoS attacks. You just need to take care while working with small integers such as int8/uint8, int16/uint16, int24/uint24, etc.

  • Reverting Funds Transfer

Sometimes, when you try to send funds to a user with functions, Denial of Service (DoS) attacks can occur. The attacks occur in these functions when the functionality depends on the successful transfer of the funds.

An attacker can act to send funds to a smart contract and then simply create a fallback function that reverts the complete payment. This way, the attacker can revert all the payments and those payments can never be refunded.

Note: You can prevent the reverted payments by using a pull function rather than a push function. This way, the recipient can call the function for payment.

  • Unexpected Balances 

Sometimes, an attacker deliberately increases your account funds to cause an unexpected revert. He can either do so by simply transferring ERC20 tokens into the contract or by forcibly sending Ether to a contract.

For example, an attacker may forcibly send Ether to a contract even before the first deposit which can cause all the deposits to revert.

How to Prevent Denial of Service (DoS) Attacks?

The following are the best ways to prevent Denial of Service (DoS) attacks:

  • You must never call external smart contracts that cannot be fully trusted. On the flip side, you should also stay away from granting access to untrusted accounts.
  • It is advisable to use multi-signature wallets that use multiple private keys to access or transfer cryptocurrency assets.
  • You can set a gas limit to prevent the exhaustion of gas units through malicious recursive calls.

Bottom Line

With the emerging use of blockchain technology, smart contracts are emerging as a significant entity to enable transactions. However, hackers have still made their way to detect poignant smart contract vulnerabilities to parse their way into the technology. This is the reason why it is important to adopt smart contract vulnerability detection techniques to identify bugs in smart contracts and act on them robustly.

Are you an enterprise or business organization looking for smart contract testing services? Deftsoft is here to help cross-check your smart contract against all the above-mentioned smart contract vulnerabilities. Contact us now!

FAQs:

1. What are the common types of smart contract vulnerabilities? 

Smart contract vulnerabilities include reentrancy attacks, gas grieving, integer overflows and underflows, unencrypted private data, and denial of service (DoS) attacks. These vulnerabilities can lead to significant security issues and financial losses if not properly addressed.

2. How can I perform smart contract vulnerability detection?

Smart contract vulnerability detection involves conducting thorough audits and analyses of the smart contract code. This process includes identifying and reducing vulnerabilities through various tests and checks, such as the use of ReentrancyGuard, checks-effects-interactions patterns, and SafeMath libraries.

3. What tools can be used as a smart contract vulnerability scanner?

A smart contract vulnerability scanner can be a specialized software or tool designed to automatically detect vulnerabilities in smart contracts. Examples of such tools include MythX, Oyente, and Slither, which analyze the code for potential security flaws and provide detailed reports on any detected issues.

4. How can smart contract vulnerabilities be prevented? 

Preventing smart contract vulnerabilities involves several practices, including:
=> Using the checks-effects-interactions pattern to avoid reentrancy attacks.
=> Implementing SafeMath or using Solidity 0.8.0 and above to prevent integer overflows and underflows.
=> Ensuring proper access controls and visibility modifiers to protect private data.
=> Making DoS attacks expensive through gas fees and time-lock puzzles.

5. Why is smart contract vulnerability detection crucial for blockchain applications? 

Smart contract vulnerability detection is crucial because it helps identify and address security weaknesses before they can be exploited by hackers. By detecting vulnerabilities early, developers can ensure the integrity, security, and reliability of blockchain applications, thereby protecting users and assets from potential threats and financial losses.

Top 10 Blockchain Development Companies

Posted on by deftsoft

Once merely started as a decentralized digital currency, blockchain has now become a full-fledged autonomous technology. With its numerous applications across various industries, blockchain technology has become an indispensable resource for fostering business security and growth. 

According to Cision PR Newswire, the global blockchain market is expected to reach a whopping $39.7 billion in 2025. Another statistic from Statista states that blockchain technology is forecasted to reach around 943 billion U.S. dollars in 2032 with a CAGR of 56.1%.

Whether you’re a tech-based enterprise or a business organization, it is imperative to invest in a premier blockchain development company to propagate a secure, transparent, and credible environment. 

Explore the novel wave of transformation from our well-researched list of top-notch blockchain development companies.

How to Choose the Best Blockchain Development Company?

There are plenty of factors to consider when looking for a solid blockchain development company. From the company’s authority to project history, enterprises and business organizations must consider a certain set of pre-considerations before handing over a pivotal blockchain project to a blockchain development company. For your ease, we have laid down the list of key questions to ask yourself when choosing the right fit for you.

You can refer to the following questionnaire when choosing the best blockchain development company that fits your bill:

  • How long has the company been established?
  • What is the team size of the experts of the company?
  • Does the company’s services align with your budget?
  • How are the reviews of the company’s blockchain development services?
  • What is the company’s search engine ranking?
  • What technology stack is leveraged by the company?
  • Does the company have reliable client testimonials?
  • What industries has the company been catering to?
  • Is the company flexible and robust with its offerings?

After finding out the answers to these questions, you can find the best blockchain development company that offers customized services. 

Our team of experts have carefully created a list of reliable blockchain development companies so that you can choose the one that meets your project’s scope and expectations.

List of Top-Notch Blockchain Development Companies

It’s time to address the elephant in the room: where to find the best blockchain development services? With sophisticated research, you can refer to the following top blockchain development companies to outsource your blockchain project.

1. Deftsoft – Customized Blockchain Development Services

Deftsoft is an all-inclusive blockchain development company that has been offering customized solutions across various industries for more than 18 years. The company has a vast clientele from across the globe, including healthcare, logistics, finance, e-commerce, etc. They have specialized blockchain developers, UI/UX designers, and testers to aid enterprises and business organizations in fulfilling their project requirements and achieving their vision in a dedicated economic budget.

Deftsoft is a Clutch-recognized blockchain development company with an aggregate rating of 4.8 stars. It offers full-cycle and scalable blockchain development services with experts who have experience with various blockchain platforms such as Hyperledger, Ethereum, Tezos, Stellar, EOS, Polkadot, Binance, Polygon, Avalanche, Substrate, Cardano, etc. 

These experts are also fluent in blockchain-specific programming languages, including Solidity, Rust, Go, C++, JavaScript, Python, Vyper, Kotlin, React and Angular.

Whether you’re a well-established enterprise or an emerging startup or a business organization, Deftsoft’s innovative and custom blockchain services are meant for you.

Deftsoft offers the following blockchain development services to boost enterprise growth and enhance industry recognition:

  • Initial Coin Offering (ICO), Initial Exchange Offering (IEO) and Security Token Offering (STO) development 
  • Decentralized Apps (dApps) development
  • Smart contracts development
  • Crypto wallet development
  • Peer-to-peer (P2P) lending platform development
  • Non-Fungible Tokens (NFTs) development

Key Specifications:

  • Years of Experience: 18 years
  • Awards and Recognitions: Clutch and TiECON partner
  • Projects Completed: 900+
  • No. of Blockchain Experts: 50+

2. Mobile Coderz

Mobile Coders is an innovative blockchain development company that helps enterprises and business organizations unleash the power of decentralized ecosystems. They help clients build smart contracts, integrate crypto wallets and other digital wallets, engineer decentralized applications and build crypto exchange platforms. Their goal is to help businesses grow and stay competitive across the globe.

The company has a team of blockchain developers who help you build a decentralized ecosystem for your brand and revolutionize your blockchain idea into a practical blockchain solution. It is a leading name in the industry and has comprehensive blockchain knowledge.

The highlighting features of their blockchain development services include reduced costs, enhanced security, high transparency and traceability, individual data control and automated business processes.

Their blockchain development services include the following:

  • Blockchain app consultation
  • Smart contract development 
  • End-to-end dApp solutions
  • Initial Coin Offering (ICO) development services
  • Crypto wallet development
  • Hyperledger based solution
  • NFT marketplace development
  • Crypto tokenization

Key Specifications:

  • Years of Experience: 7+ years
  • Projects Completed: 75+
  • No. of Blockchain Experts: 20+

3. Debut Infotech

Debut Infotech is yet another blockchain development company that offers customized blockchain development services. Established in 2011, Debut Infotech is a company focused on yielding tangible results and outshining competitors.

This company provides secure and scalable blockchain solutions with a special focus on creating smart contracts, decentralized applications (dApps) and performing blockchain integration in various modern solutions.

You can elevate your business with their various blockchain development services such as blockchain technology consulting, blockchain supply chain management, custom blockchain app development, hyperledger fabric development, decentralized app (dApp) development, NFT marketplace development, smart contract development, coin and token development and crypto wallet development. 

The company possess numerous experts who are familiar with a diverse range of blockchain platforms such as Polygon, Binance, Ethereum, Corda, Hyperledger, Substrate, Polkadot, Avalanche, Tezos, etc. 

The primary goal of Debut Infotech is to offer affordable blockchain solutions in healthcare, finance, retail and e-commerce, gaming, logistics and supply chain, entertainment, travel and real estate. 

Key Specifications:

  • Years of Experience: 13 years

4. Osiz Technologies

Osiz Technologies is a dynamic blockchain development company that has been established for over 15 years in the industry. This company is specialized in offering customized blockchain development services to business organizations and startups by harnessing their expertise in Solidity, Hyperledger, EVM, Substrate and Cosmos.

Osiz Technologies offers cutting-edge solutions to clients across the globe who offer cutting-edge solutions to enterprises, startups and business organizations. Their comprehensive blockchain development services include blockchain consulting, blockchain app development, blockchain-powered startup support and other future-proof blockchain solutions. 

The highlighting blockchain development services offered by Osiz Technologies are as follows:

  • Crypto exchange development
  • AI development
  • Metaverse development
  • Game development
  • Web3 development
  • Defi development
  • Token development
  • NFT marketplace development

The benefits of their blockchain development services include enhanced privacy, increased efficiency and cost-saving, transparency, traceability, global accessibility and trust. You can outsource your project to Osiz Technologies if you want bespoke blockchain development services.

5. Boosty Labs

Boosty Labs is an offshore blockchain development company that has solid experience in developing cryptocurrency, smart contracts and other enterprise blockchain solutions. They lay their foundation on following an efficient and well-established internal process, thus creating a high-level and sophisticated approach to quality control. 

The highlighting blockchain development services of Boosty Labs include outsourcing blockchain app development for B2B businesses, smart contract development services that include creation and launch of cryptocurrencies, building decentralized exchanges and decentralized apps (dApps) for decentralized finance, outsourcing decentralized web and mobile development services and secure storage of cryptocurrencies. 

This company majorly focuses on boosting the growth of startups through blockchain technology, fintech and cloud computing. Boosty Labs help you create an end-to-end blockchain product that you can confidently showcase the world. Established for more than six years in the industry, the company’s first-ever client was Storj, the world’s largest decentralized cloud storage solutions.

Key Specifications:

  • Years of Experience: 7 years

6. SCAND

SCAND is an emerging blockchain development company that offers unbiased access to blockchain development services to startups and business organizations. SCAND’s prime focus is on offering reliable blockchain development services and developing cryptocurrency solutions such as crypto wallets, crypto exchanges, trading apps, etc.

The company has gained comprehensive experience in the blockchain industry as it has been an early bird in the budding field of blockchain and cryptocurrency. The two main offerings of Scand include the following:

  • Blockchain software development services
  • Blockchain app development services

The blockchain software development services include developing apps to manage and trade cryptocurrencies, building secure and efficient cryptocurrency exchange platforms, and blockchain-powered marketplaces, NFT marketplaces and other custom blockchain network solutions. 

The blockchain app development services of SCAND include creating solutions that ensure the mitigation of attacks on decentralized solutions. The company has a team of well-versed blockchain developers who possess deep expertise in fortifying critical networks and hardware requirements. It doesn’t end there. The seasoned developers also focus on fixing data issues to maintain a tamper-free decentralized environment. 

Key Specifications:

  • Years of Experience: 24 years

7. Jafton

Jafton is a premier blockchain development company that has revolutionized the existing traditional processes running across a broad spectrum of industries. It offers affordable blockchain and distributed ledger solutions for various segments such as real estate, retail and supply chain management. The main objective of Jafton is to ensure the security of sensitive data and build robust payment systems by leveraging the power of robust distributed ledger systems.

Over the period of eleven years, the company has built more than 200 apps that are functioning across the globe with a high satisfaction rate. It is a custom blockchain app development company that utilizes the power of blockchain developers and other professionals. They offer end-to-end services that include building a minimum viable product (MVP), pilot and full-scale custom blockchain solutions. 

Their process of creating blockchain solutions start right from discussing the project, planning and preparing a proposal, designing the MVP that kicks off the development process, developing and coding the project, Quality Assurance (QA) testing and finally releasing the project.

Key Specifications:

  • Years of Experience: 11 years

8. UIG Studio

UIG Studio is a specialized blockchain development company that has a dedicated group of developers and designers who are experienced in building decentralized apps with a unique interface that is user-intuitive and seamless to the users. Now, their primary focus has become offering trustworthy blockchain solutions and developing products around the technology. Considering custom software development as their prime focus, the company can help you transform your business idea into a fully-functional and secure blockchain application.

UIG Studio caters to various projects belonging to media and entertainment, logistics, supply chain management, healthcare, digital identity, banking and many other industries. The pivotal blockchain development services of UIG Studio include building decentralized applications, smart contracts, enterprise blockchain solutions and blockchain wallets. 

The company has a team of blockchain developers who are proficient in working with the most popular and mainstream blockchain platforms such as Hyperledger, Ethereum and EOS. The professionals also leverage the power of Agile development process, rigorous testing and robust launch of the blockchain project.

Key Specifications:

  • Years of Experience: 14 years

9. PixelCrayons

PixelCrayons is an innovative blockchain development company that focuses on creating decentralized, transparent, credible and secure transaction platforms for decentralized networks. They have quite a wide range of experience in the industry as they build secure and efficient systems to drive business growth and eliminate potential risks of malicious attacks. 

PixelCrayons offers various blockchain development services which include blockchain consulting, digital transformation through advanced blockchain technologies, digital wallet development on Web3, decentralized apps on hyperledger fabric and multichain networks, smart contract development, minimum viable product (MVP) development, and many more.

To summarize, PixelCrayons provides solid blockchain services, including designing smart contracts, integrating blockchain into existing systems, building decentralized apps proficiently and other custom blockchain development services.

Key Specifications:

  • Years of Experience: 20 years

10. Etteligens Technologies

Ettleligens Technologies is a solid blockchain development company that mainly focuses on creating decentralized and immutable mobile app solutions for the decentralized world of Web 3.0. This company has a full-fledged team of blockchain developers, designers and marketers who help clients foster their blockchain projects to new heights without compromising security norms.

The company offers various blockchain development services such as minimum viable product (MVP), crypto exchange development, end-to-end dApp development, private blockchain development, Initial Coin Offering (ICO) development services, crypto wallet development, hyperledger-based solutions, supply chain decentralized solutions, smart contract auditing, decentralized finance and payment solutions and other custom blockchain development services.

Key Specifications:
Years of Experience: 10 years

Bottom Line

Choosing the right blockchain development company that fits your checklist is pivotal in yielding affirmative results. Ensure that you find a company that aligns with your project requirements, your budget and project type. For instance, if you’re building a decentralized mobile app, you must consider blockchain development companies that have a proven track record of building apps in a dedicated space.

We hope this list of top-notch blockchain development companies helps you find what you’re exactly looking for!

Native vs Hybrid App Development: Which is Better for Mobile Development?

Posted on by deftsoft

In the era of booming online businesses, establishing a robust online presence is a top priority for every organization, enterprise, or startup. Equally crucial is the creation of personalized relationships with users, a key driver of high customer satisfaction rates. 

Talking about personalization, mobile apps are the way to grasp user’s loyalty, trust and attention. It is estimated that the mobile app’s total revenue is going to cross $935 billion in 2024. With such massive numbers, investing in a mobile app is a must.

Demand for mobile experiences is growing 5x faster than internal IT teams can deliver.

– Gartner

Whether you’re a mobile app developer or business founder, this guide can help you find the best fit for your requirements: a native mobile app or a hybrid mobile app.

What is a Native App?

As the name suggests, a native app is an application that runs on a specific Operating System or device. Since 98.7% of the phones run on these two operating systems, there are mainly two types of native apps: iOS apps and Android apps. The iOS apps only run on the devices in the Apple’s ecosystem, such as iPhone, iPad, iMac, MacBook, Apple Watch, etc. In fact, some apps are dedicated to just one device.

iOS apps are usually created using a diverse range of programming languages, including Java, Kotlin or Swift.

Android apps are native apps that run on Android devices such as tablets, smartphones and PCs using Android as their operating system. Developers create these apps using various programming languages and frameworks such as Java, CSS, HTML5, etc. Java is mostly used when developing apps for Google platform devices.   

Also read: iOS vs. Android: Which Platform is Better for Your App?

What are the Examples of Native Apps?

Some examples of native apps are as follows:

  • Discover is a banking app that users leverage to manage their bank accounts and pay bills securely from anywhere.
  • Spotify is a music streaming native app that allows you to discover new music and artists, recommend and share songs, etc.
  • WhatsApp is a native messaging app that has separate app versions for iOS and Android.
  • Pokemon Go is a native gaming app that uses camera features and GPS for an immersive gaming experience.

What are the Benefits of Native Apps?

Benefits of Native Apps

The benefits of opting for native apps are mentioned as follows:

  • Reliability

Native apps are reliable in nature as well as highly scalable. Since these apps are created for dedicated use in a specific operating system, the native apps are robust and work seamlessly.

  • High Speed

Native apps work very efficiently with increased levels of speed. Users experience the best mobile app performance and responsiveness thanks to the robustness of these apps.

  • Offline Functionality

One of the major reasons for creating or opting for native apps is their ability to function both online and offline. Therefore, it isn’t necessary to use the Internet to access native apps.

  • Highly Secure

Since native apps are built on dedicated platforms for Android or iOS apps, these apps are highly secure in nature. In other words, native apps are less prone to cyberattacks or malicious attacks.

  • Personalized Approach

Native apps offer you the functionality of adding push notifications. This feature of adding push notifications allows business organizations to build personalized relationships with consumers.

  • High Graphics Affinity

When creating graphic-heavy apps such as 3D-gaming apps etc., choosing the native environment offers the freedom to create unforgettable and sophisticated experiences for the users without any bugs, errors or lagging.

What are the Drawbacks of Native Apps?

Drawbacks of Native Apps

Now that you’re familiar with the good side of opting for native apps, let’s browse some of the notable disadvantages of native apps:

  • Limited to an OS

If a business organization thinks of going cross-platform in the near future, it becomes difficult to re-write the similar codebase for another operating system. 

  • Resource-Intensive

Building native apps requires a large team of dedicated iOS and Android developers who understand the dynamics of the apps. Therefore, companies need to thoroughly invest in high-level resources for producing native apps.

  • Time-Consuming

Since large teams and dedicated software tools are required to build native apps, the process of native app development is quite lengthy and exasperating at times.

What is a Hybrid App?

A hybrid app is an application that can be downloaded directly from app stores or it can be accessed through the web as well. You can consider it as an app that is in the middle of a native app and a website. Hybrid apps are a wonderful choice of apps for business organizations or startups that want to allocate their business resources judiciously.

The most popular frameworks used for hybrid app development include Xamarin, Flutter, React Native, Ionic, etc. As far as programming languages are concerned, Java, Objective-C, Swift and Kotlin can be used to develop these apps.

The best part about hybrid apps is that these applications can be created on a single platform for both iOS and Android operating systems. Therefore, companies can significantly cut costs by opting for hybrid apps.

You can access hybrid apps either through the app stores or directly from any web browser such as Google Chrome, Safari, etc.

What are the Examples of Hybrid Apps?

Some of the prominent examples of hybrid apps are mentioned as follows:

  • Slack is one of the best examples of a hybrid app. It is a collaboration platform that can be downloaded from both the App Store and Google Play Store. It can also be accessed via the web.
  • Evernote is another great example of a hybrid app. It is a note-taking app where you can also store files, images, docs and much more.
  • Amazon Shopping is a hybrid app that allows you to share your shopping cart across your devices.
  • Instagram is a social networking native app that is available as a separate app on both the App Store and Google Play Store.

What are the Benefits of Hybrid Apps?

Benefits of hybrid Apps

The advantages of choosing hybrid apps for your next mobile app development project are as follows:

  • Multiple Platforms

Mobile developers can create apps for multiple platforms by using the same codebase. This functionality makes the delivery of hybrid apps 2-3x faster than native app development.

  • UI/UX Consistency

One of the major benefits of opting for hybrid mobile app development is that you can create uniform user experiences for the users without any hassle. You can use a single codebase for web, mobile, tablets and desktops. No matter what channels you’re targeting, hybrid mobile app development has got you covered.

  • Quick Deployment

The process of launching hybrid apps for public use is far easier than native apps. These apps can be deployed in the simplest manner without having to build any codebase from scratch for each platform.

  • Dynamic Content

Hybrid app development provides developers with the flexibility of creating web content with dynamic features, elements and capabilities. Business organizations can also target mobile affiliate marketing by leveraging dynamic content.

  • Centralized Development Team

Hybrid apps decline the raging gap between various development teams by leveraging centralized development teams for mobile development projects. There is no need for business organizations to allocate external resources for app development.

  • High Efficiency

The time-to-market for hybrid apps is quite less as compared to a native app. The development time is reduced along with the elimination of surplus costs to hire native talent, thus, saving thousands of dollars to the business organizations.

What are the Drawbacks of Hybrid Apps?

Drawbacks of Hybrid Apps

Hybrid apps sound more economical than native apps and even sometimes, better. But is that the reality? Let’s go over some of the major disadvantages of choosing hybrid apps for your organization:

  • System Overhead

When choosing for web views, hybrid apps may introduce some degree of system overhead as compared to native apps. Although the adoption of APIs has made it better, this tradeoff cannot be neglected. Especially when creating performance-intensive applications such as 3D games, this shortcoming is quite visible.

  • Complex Hardware Adaptation

When creating apps for a variety of platforms, it becomes difficult to take full advantage of hardware and pick up an all-inclusive app design. 

  • No Native Plugins

Since hybrid apps are web-dependent as well, they do not have the flexibility to introduce native features of a device such as GPS, camera, microphone, gyroscope, etc.

  • Third-Party Dependent

You need to trust the framework vendor when looking to incorporate app updates and latest versions for each of the native devices. This functionality rips off the advantage of pushing quick bug-fixes and app updates in a robust manner.

  • No Offline Access

The users need 24/7 Internet access to utilize the hybrid app. This feature makes hybrid apps quite similar to web apps since you cannot access them offline.

Factors to Consider When Choosing an App Development Method

If you have developed biased thinking against a native or hybrid app until now, you must ask yourself some significant questions to find the right fit for the mobile app development methodology according to your requirements, budget and other factors.

You must ask yourself the following questions:

  • Are you creating the app for a client, for yourself, or for your employer? This will assist you in setting priorities for your app development. Are you trying to complete a task as quickly as possible? Or are you working on your own piece of art?
  • Which features are essential? Take into account how much the app uses the device’s functionality and user interface. Do you need to use a GPS device? Is the camera going to be necessary?
  • How quickly should it be launched? If speed is important, you should consider a hybrid app. If you have the time and resources, consider creating a native app.
  • What is the development budget? If your budget is reasonable, you may be able to develop native apps for both Android and iOS. If your resource pool is limited, you may be better off taking the hybrid approach.
  • Who is the intended audience? Your audience might not be able to deal with a hybrid app if they are easily turned off by the occasional hiccup or stability issue. A business manager looking to track call centre SaaS doesn’t have the same needs as someone looking to buy the newest gadgets.

Which is Better: A Native or Hybrid App?

After familiarizing yourself with the features of native and hybrid apps, it is clear that no one approach is better than the other. The answer to the question of which app is better is completely subjective. You can consider the following factors when choosing the right approach for yourself:

  • What’s your app development budget?
  • Do you need to push frequent updates to the app?
  • Is speed and efficiency a priority for you?
  • Do you want a more personalized approach for your app?
  • What’s the nature of your business and what does your target audience prefer?

Jotting down the answers to these questions on a piece of paper will surely give you a clear understanding of your ideal app development path.

FAQs

1. What is native app development?

Native app development is the process of creating an app for a dedicated Operating System such as iOS or Android. These apps use proprietary programming languages such as Swift for iOS native app development or other languages such as Java, CSS, HTML5, etc. These apps have an amazing UI/UX with easily incorporated app updates.

2. What is hybrid app development?

Hybrid app development is the process of creating apps that are a cross between native apps and websites. These apps run on various operating systems such as iOS, Android, Microsoft, etc., as well as web applications. Hybrid apps are more economical as app developers can use the same codebase to build apps for various operating systems.

3. What are the benefits of native apps?

One of the major benefits of native apps is that these apps offer consistent UI/UX experiences to the users. These apps can be easily updated and can leverage device features such as GPS, camera, etc. You can also push out personalized notifications to the users.

4. What are the benefits of hybrid apps?

One of the major benefits of hybrid app development is that the development process is quite economical and budget-friendly. You also don’t need to deploy a separate codebase to build the apps, as hybrid apps only require writing code just one time to launch apps on a diverse range of platforms.

Digital Asset Management in AEM: A Comprehensive Guide

Posted on by deftsoft

User content personalization is the secret recipe to win your customer’s attention. If you’re struggling to convert your leads into valuable customers, chances are that your content lacks user personalization. It is comparatively easier for SMEs, startups and small businesses to connect directly with their users. On the flip side, enterprises find it a daunting task.

This is exactly when you need Adobe Experience Manager Assets, a unique Adobe offering that helps enterprises build customized and personalized digital content solutions. You don’t need to stress out about managing content across multiple devices and channels.

If you’re interested in learning more about Adobe Experience Manager Digital Asset Management (DAM), how it works, the benefits of the AEM Digital Asset Management tool and the measures to consider before implementing DAM for your enterprise, keep on reading!

What is Meant by Adobe Digital Asset Management?

Searching, collecting, analyzing and delivering content that resonates with each segment of your audience can be tricky. On top of that, creating specialized content for each channel and device is difficult. Adobe Experience Manager DAM takes the complete charge of managing, optimizing and delivering personalized experiences to your consumers, so that you can focus on the tasks that matter the most.

Adobe Experience Manager Assets is a Digital Asset Management (DAM) system that allows you to create, organize, store, manage, deliver, retrieve and optimize rich media such as images, videos, audio files, documents, forms, etc., to curate personalized user experiences. 

Since AEM DAM is a scalable and flexible cloud-native offering, enterprises do not need to worry about sharing and delivering thousands of files in one go. No matter if you wish to share files across the globe to anyone, Adobe Experience Manager DAM is the answer to all the problems. 

History of Adobe Experience Manager

Before October 2010, Adobe Experience Manager was not under Adobe’s proprietorship. It was called Day Communique or Day CQ, which was a Day software product. The software was created in Basel, Switzerland. It was only in October 2010 that the software was acquired by Adobe. It was then named Adobe Experience Manager (AEM).

Adobe has now released a new version called AEM 6.5.20.0. This latest version of AEM comes with enhanced capabilities, enhancements, features and bug fixes. It was later on that Adobe released its various products such as AEM as a Cloud Service (AEMaaCS) and AEM Digital Asset Management (DAM) is one of them.

How Does AEM Digital Asset Management Work?

Adobe Experience Manager (AEM) Assets is one of the significant offerings of Adobe’s suite, which is power-packed with cloud-based capabilities. It is a centralized Digital Asset Management (DAM) system that allows your team to manage, access, and optimize content from anywhere in the world. 

You can share a variety of digital files such as images, videos, files, 3D models, etc. One of the best ways to understand how AEM works is through an example. Here it is!

By using Adobe Experience Manager Assets, you can share social media post templates directly with your team. This way, everyone in the company stays on the same page and can access the latest version of the content. Therefore, AEM Assets ensure content distribution across teams with utmost collaboration.

Also Read: How Does Digital Asset Management Work in AEM?

What are the Benefits of Using AEM Digital Asset Management?

Benefits of Using AEM Digital Asset Management

The following are the highlighting benefits of using Adobe Experience Manager DAM:

1. Increased Team Efficiency by 10X

A digital asset management system is designed specifically to grow with the expansion of a business. By providing a single space for collaboration, creation, and feedback, it boosts productivity between creative, IT, marketing, and business teams. You can easily and widely satisfy the wants of your customers with such improved avenues for communication.

Because Adobe Experience Manager DAM offers strong metadata capabilities and a shared set of repositories for simultaneous file retrieval, using it also facilitates more rapid and efficient workflows.

2. Time-Saving with Automation

Adobe Experience Manager Assets is all about saving your precious time and focusing on what’s important. With enhanced AI capabilities, you can repurpose a single asset into a multitude of digital asset possibilities without hampering your time and digital resources. 

You can deliver more personalized experiences with Adobe Assets AI, such as asset tagging, cropping and delivery across various touchpoints.

3. Flexibility to Work from Anywhere

You have the freedom to use your digital assets from any location with AEM Digital Asset Management. Your assets can be distributed, linked, and shared with anyone, anywhere in the world. You can review assets, collaborate with others, and get quick access with this functionality. 

Workflows and metadata can also be used to create digital experiences that your end consumers won’t soon forget.

4. Supreme Media Delivery

Regardless of your need to distribute thousands of digital assets at once, AEM Digital Asset Management gives you the adaptability to swiftly and effectively produce, deliver, and modify an endless number of asset variations. With Adobe Experience Manager materials, you can create an engaging delivery experience that saves time and money when sending films or 3D materials.

Intriguing and captivating experiences such as 360-degree views, augmented reality, and virtual reality (VR) can also be produced.

5. Control Your Permissions

AEM Digital Asset Management boasts a robust authorization and rights management system. It can also be used to grant partners digital permissions so they can receive updates. You can also know precisely who is accessing them and all the information pertaining to the assets because of its increased openness.

Measures To Consider Before Implementing AEM Digital Asset Management

Here are the following steps you need to consider before implementing Adobe Experience Manager DAM software:

  1. Be Clear About Your Motive

Before adopting an AEM Digital Asset Management system, it is crucial to consider why you need it in the first place. If you’re struggling with efficient digital asset management and feel like your time and resources are getting wasted, it is one of the major signs to consider investing in AEM Assets.

Once you get a clear idea of why you need an AEM DAM system, it is important to consider other factors including, if you can reach your project goals with the adoption, if it can easily be integrated with the rest of your tech stack, and it ensures smooth implementation, etc.

  1. Establish a Dedicated Team

It is important to consider a knowledgeable team that can help implement a solid digital asset management solution. A wise choice ensures production, creation, and service-level team collaboration for the best outcome. A solid AEM Digital Asset Management team includes the following professionals:

  • Project Manager
  • DAM Initiative Leader
  • DAM Librarians
  • DAM Infrastructure Lead
  • Project steering group
  1. Use Actual Data

Don’t make the mistake of using some ‘test’ data to check the efficiency of the system. Use real-life data, brand creative files and digital assets to formulate critical functionality and workflow requirements for your asset management system. 

It is also important to perform various tasks diligently such as the efficient transfer of data from the current to a new system, seamless system performance while integrating with other products and aligning the file formats with the system.

  1. Focus on Improving Workflows

Rather than emphasizing upgrading your tech stack, it is pivotal to update workflows and structures according to the requirements. Ensure that you’re properly analyzing and then creating and storing marketing materials for various channels.

The created DAM solution must meet your company’s present requirements as well as future aspirations. You can optimize the process of DAM system implementation by streamlining your workflows, removing tasks that don’t add value, eliminating possible roadblocks and establishing a sustainable system.

  1. Customize Only When Necessary

It is not always necessary to add high-end customizations to your AEM Digital Asset Management (DAM) software. Implementing customizations can slow down performance, enhance software bugs and make the system more complex. 

Therefore, it is a better choice to keep your system as generic as possible. It will be beneficial for your system in the long run.

  1. Divide Your Project

It is very important to divide your AEM DAM project into phases and then work on it step-by-step. By breaking your project into sequential blocks or phases, you can individually measure the outcome of particular steps and analyze the strategy accordingly. 

It also becomes easy to address and identify unexpected outcomes and take robust actions. For enhanced productivity, you can dedicate specific teams to attain outputs for dedicated project phases.

Bottom Line

Adobe Experience Manager Digital Asset Management (DAM) is an all-exclusive and sophisticated Adobe product. Being a powerful tool, it has helped enterprises create unforgettable and more personalized experiences for users. Leveraging Adobe’s DAM helps you cater to brand consistency across all touchpoints. AEM DAM is indeed the heart of digital content creation.

Do you want to learn more about the capabilities of Digital Asset Management (DAM)? Fill out the form on our home website to transform your brand’s online image.

FAQs:

What is Adobe Experience Manager DAM?

Adobe Experience Manager DAM refers to the Digital Asset Management system. Adobe’s DAM is called Adobe Experience Manager Assets. It is an all-rounder solution for creating, storing, managing and delivering content across various digital channels and touchpoints. This cloud-native asset management solution promotes brand consistency and customer engagement through personalized content.

How does Digital Asset Management work?

Adobe’s Digital Asset Management (DAM) allows you to share a diverse range of media such as 3D videos, files, images, forms, documents, etc. and enables enhanced collaboration between product and service teams. This functionality helps them stay on the same page. From social media posts to marketing campaigns to analytics, Adobe Experience Manager DAM has got you covered with all of it.

What are the benefits of Digital Asset Management?

The benefits of Adobe DAM include enhanced team collaboration, time savings through automation, freedom to work from anywhere and share content with anyone, control of who can access the authorized files, and ease of media delivery.

What steps do I need to take before implementing Adobe Experience Manager DAM?

The first step is to analyze whether you need to enhance your tech stack when adopting the Adobe Experience Manager DAM. The next step is to create a dedicated team to address various phases of the AEM project. You can then also add any required customization to the DAM, however, it is recommended to keep the system as general as possible for robust functioning and a bug-free environment.

The Beginner’s Handbook to Decentralized Apps (dApps)

Posted on by deftsoft

dApps, an acronym for decentralized apps, has become the talk of the town. With the worldwide blockchain obsession across the globe, tech geeks are paving ways to disrupt the decentralized market. No surprise, the emerging technology has now taken over the app market as well.

Google Trends report,on decentralized apps

According to the Google Trends report, interest in decentralized apps has also shown an upward trend over the last year. We have more stats for you! According to Crypto Potato, decentralized apps witnessed a whopping 77% rise in activity in the first quarter of 2024 and a 7 million daily active wallet user count.

What are decentralized apps or dApps? How does a dApp work? What are the features and types of dApps? What industries are using dApps? Are there any challenges faced in adopting dApps? What is the future of dApps?

If you’re looking for an answer to all these questions, you’re at the right place. We consolidated all the useful information with comprehensive research via our blockchain developers.

Let’s start with the basics.

What is a Decentralized App?

A decentralized app is a Web 3.0 app built on top of blockchain technology. Let’s expand the term ‘decentralized’ to get a better understanding of what a decentralized app is. Decentralized means that there is no central server where the data is stored; however, it uses a distributed ledger technology where the information is stored on a number of nodes. 

Similarly, dApps are decentralized apps as there are no third-party intermediaries. Let me explain it with an example! If you wanted to sell your digital book on a centralized network, you could use PayPal as a payment gateway and create a checkout store that gives the user a book after checking out. Here, PayPal acts as a third-party intermediary.
However, in the case of a dApp, you can directly sell your digital book to the interested buyer without the need for a third-party beneficiary. You can code a smart contract that will be implemented once a user clicks on the payment option.

What is a Decentralized App

How Does a dApp Work?

As discussed above, a decentralized app or dApp works on top of blockchain technology. The backend of the app works on a peer-to-peer decentralized network. A dApp also has a frontend and user interface similar to that of a traditional Web 2.0 app. You can also host the frontend on any decentralized server such as IPFS.

The dApps are usually written in robust programming languages such as JavaScript, C++, Ruby, Go, Python, Solidity, etc.

Although dApps function quite similarly to the traditional apps that exist on Apple Store and Google Play Store, there are some highlighting features of a dApp that are worth noting.

What are the Features of a Decentralized App?

Features of dApps

The following features of the dApp are noteworthy:

  • Decentralized: dApps are decentralized in nature, meaning that they do not function on a central server but rather on a distributed network of computers or nodes. For example, a decentralized application runs on Ethereum, a public, open platform.
  • Consistency: dApps operate the same way no matter what environment they’re running in, unlike centralized applications that run differently on various operating systems such as Windows, MacOS, Ubuntu, and Linux.
  • Dedicated Virtual Environment: All the decentralized applications run inside an isolated virtual environment called the EVM or Ethereum Virtual Machine. It is a virtual environment created to keep smart contract errors or buys at bay. This functionality helps in the seamless functioning of the blockchain network.
  • Open Source: There is no single server or entity that controls the functioning of dApps. These apps are open-source and the code is available for public inspection.
  • Agile: dApps have all the agility to function in various environments irrespective of the function that needs to be performed. When provided with the necessary resources, dApps can carry out any task. 
  • Incentivized: A dApp works on the model of incentivization to the users. It can generate exchangeable and tradable tokens as proof of value. These tokens act as rewards on the blockchain network.
  • Protocol Compliant: Since dApps work on various blockchain platforms such as Bitcoin and Ethereum, they function by following significant cryptographic algorithms to show proof of value. For instance, both Ethereum and Bitcoin function on Proof of Work consensus mechanism protocols. 

What are the Types of dApps?

Decentralized apps or dApps can be classified into various types based on consensus mechanism and functionality. 

Let’s first classify them on the basis of the consensus mechanism:

types of dApps on the basis of consensus mechanism
  • Type I dApps

The type I dApps are the foundational dApps that form the framework for other dApps to be build upon. They have their own blockchains. For example, digital currencies such as Ethereum and Bitcoin, and smart contracts.

  • Type II dApps

The type II dApps are the decentralized apps that function on top of type I dApps since they do not have a blockchain of their own.  They function on the basis of protocols and can have their own protocols. For example, the Omni protocol works on the Bitcoin blockchain.

  • Type III dApps

The type III dApps refer to the dApps with which a user interacts directly and performs actions on it. In other words, the type III dApps are built on top of type II dApps. These dApps have a decentralized marketplace or a digital wallet built on them. For example, an NFT marketplace to trade art or any other digital collectibles.

Now, let’s classify dApps on the basis of functionality:

types of dApps on the basis of functionality
  • Financial dApps or DeFi Apps

Financial dApp is a type of decentralized app that brings peer-to-peer (P2P) payment systems into the limelight. These apps eliminate the need for third-party intermediaries to enable and even create payment gateways. For example, Aave is a decentralized (DeFi) investment platform that allows lending and borrowing of cryptocurrency at both fixed and variable interest rates.

  • Governance dApps

dApps also have significant applications in the government sector, thanks to their unwavering transparency and credibility. These decentralized apps are being used in voting systems and Decentralized Autonomous Organizations (DAOs) that help make decisions on the basis of consensus protocols without the need for a central authority. 

  • Gaming dApps

Decentralized apps have opened the door to another dimension of possibilities by turning virtual characters and artifacts into unique and verifiable assets. You can sell, buy or trade these assets on various marketplaces or even make an NFT out of them. For example, CryptoKitties is a decentralized gaming app that works on EVM where users can sell, buy and trade virtual cats or kittens.

  • Social Media dApps

You can also enjoy decentralized social media networks through dApps. For example, Lenstube is a decentralized social media app where users can share videos, mint their username and create their own Web 3.0 identity. The app is powered by Lens Protocol.

What are the Various Industries Utilizing dApps?

Many industries across the globe have recognized the power of dApps. From real estate to logistics, the blockchain technology has left no stone unturned. Let’s explore the applications of decentralized apps across various industries:

  • Supply Chain Management

dApps implementation in supply chain management has transformed the way in which goods are tracked. The intervention of dApps has allowed direct communication with the business partners, thus leading to improved business operations, enhanced transparency and traceability. 

For example, VeChain is a blockchain-powered platform that improves business operations by enhancing the tracking of goods, products and processes. Another excellent example is the IBM Food Trust uses a private blockchain to provide actionable food supply chain data with immediate access to authorized users, right from the farm store to the end consumer.

  • Healthcare

The utility of dApps in healthcare is quite evident. It significantly helps in securing and managing patient data in a decentralized manner without sharing data with third parties. It also helps to enable interoperability between healthcare providers. 

For example, MedRec is a decentralized record-tracking platform that gives full access to patients over medical record distribution. Patientory is another blockchain-powered software solution that provides control of patient data and incentivizes them through tokens.

  • Real Estate

Blockchain technology has also spread its wings in the real estate industry. It has simplified property transactions and mitigated fraudulent activities since there is no involved beneficiary.

For example, Propy is a real estate transaction platform that uses blockchain for transparent transactions and allows to navigate real estate deals completely online. RealIT offers tokenized assets for investing in real estate as a blockchain-secure passive income source.

  • Entertainment

dApps are also infiltrating the entertainment segment and helping to create more personal relationships between the artist and his cult following. The blockchain technology has also helped in fair revenue distribution amongst the people working in the background in the entertainment industry and introduced direct artist-to-fan interaction.
For example, Audius is a decentralized music streaming platform where users can create immutable and timestamped records through which they can earn bonuses and can be incentivized. Another example is Theta which is a blockchain-powered network for video streaming.

What are the Challenges of dApp Development?

Now that we have talked about the bright side of dApp development, let’s talk about the major challenges that the world is facing in building dApps. The following are the concerning downsides of dApp development:

  • Scalability Issues

Blockchain technology does not offer scalability features like cloud computing. It often lags behind in working up to its full potential in times of network congestion. It often faces low transaction speed when there is a high traffic influx. Not to mention the excessive gas fees that is charged on every payment on the blockchain network. For example, Ethereum has a high gas fee.

  • Security Concerns

Although blockchain is a decentralized and credible technology, it is still not away from the hands of malicious attackers and hackers. Talking about smart contracts, they’re not yet safe to use since they’re prone to many vulnerabilities. You must remember that blockchain itself is a public ledger that offers some kind of transparency.

  • Difficult User Adoption

Unlike Web 2.0, which is easily accessible to users via search engines, blockchain is relatively less accessible. In fact, people are not familiar with the use cases of blockchain. The UI/UX of the dApps is also non-user-intuitive and difficult to adopt.

What is the Future of dApps?

Although there are still plenty of bottlenecks related to the worldwide dApp adoption, the future of blockchain technology looks quite promising. We can expect various emerging trends in the world of blockchain such as Layer 2 solutions, cross-chain interoperability and some notable advancements in blockchain technology. Since traditional cryptocurrencies such as Ethereum and Bitcoin are highly volatile, we can expect the adoption of stablecoins by merchants and enterprises.

Another potential impact of blockchain technology that we can expect in the near future is the enhanced decentralization of the Internet. We can also expect the adoption of a more equitable digital economy. 

Furthermore, the blockchain segment will be regulated in a streamlined manner to leverage the technology. For example, Dubai has already started utilizing blockchain resources to make it a smart city.

Conclusion

dApps are revolutionizing the way the world works. With an enhanced focus on data transparency and traceability, blockchain technology is becoming popular day by day. From supply chain management to the healthcare industry, every segment is exploring the scope of dApps and their decentralized nature. 

Whether you’re a blockchain-powered startup, business organization or enterprise looking to expand the horizons of your dApp app development project, Deftsoft is here to help. With a team of seasoned dApp developers, testers and UI/UX designers, we stand strong as a dApp development company. Established for more than 18 years, our distinguished dApp development services can help you stand out from the crowd and gain a competitive edge.

You can check out our other blogs to gain deeper insights into blockchain technology and beyond.

FAQs:

1. What is meant by a dApp?

A dApp is a decentralized app, meaning that it works by leveraging blockchain technology to build app solutions that do not require any third-party intermediary. It usually works by implementing smart contracts with its frontend and backend, working on consensus mechanisms such as Proof of Work (PoW) or Proof of Stake (PoS) to validate and verify transactions.

2. What are the main features of a decentralized app?

The main features of a decentralized app include that it is open-source, consistent, works on Ethereum Virtual Machine Machine (EVM), agile in nature and works on consensus mechanisms such as Proof-of-Work (PoW) and Proof-of-Stake (PoS). Another important feature of a dApp is that it uses smart contracts for implementing payments and transactions.

3. What are the types of dApps?

There are different types of dApps based on the consensus mechanism such as type I, type II and type III dApps. Other types of dApps include financial, governance, gaming, and social media apps.

4. What are the various industries where dApps are utilized?

The various industries where dApps are utilized include supply chain management, healthcare, entertainment and real estate. For example, it is used for sharing end-to-end data for tracking goods from manufacturers to merchants in supply chain management.

5. Give an example of a dApp.

Audius is a decentralized music streaming platform where users can create immutable and timestamped records through which they can earn bonuses and can be incentivized. This app is great for selling timestamped records as a unique asset in the entertainment segment. A lot of people compare this dApp to Spotify and even find it better than the latter.

Key Powerful Features of a Successful P2P Lending Platform

Posted on by deftsoft

The world is witnessing emerging ways of investing and taking loans. P2P lending platforms are one of the highlighting reasons for the market disruption. Years ago, it was impossible to imagine digital asset lending and borrowing without any intermediary. 

However, the advent of blockchain technology has opened up a world of possibilities, empowering us to build ‘trustless’ networks in ways that were previously unfathomable.

Talking about P2P lending platform, it is a decentralized crypto, money and/or digital asset exchange platform which has eliminated the need for third-parties. Especially when you’re outsourcing your P2P lending platform development project, there are certain features of a P2P lending platform that you must focus on.

Whether you’re a startup owner searching for a reliable P2P lending platform development outsourcing company or building it yourself, you must be aware of certain features to incorporate in the solution.

To make it easy for you, we have created a list of the top features of a P2P lending platform. But before that, let’s understand what a P2P lending platform is.

What is Meant by P2P Lending Platform Development?

A P2P lending platform is a peer-to-peer (P2P) fundraising platform that allows the trade and/or exchange of money, cryptocurrency or tokens without interference from any third-party beneficiaries. Since there is no intermediary intervention, the platform is called Peer-to-Peer (P2P).

P2P lending platform development refers to the creation of a lending platform based on blockchain technology. Such a platform hosts an interface that is open for the use of both lenders and borrowers. Lenders can create their profiles and invest a desirable amount, which can yield handsome interest rates. At the same time, borrowers can borrow the money without any collateral.

You must be wondering how lenders ensure security upon loan repayment. Well, these P2P lending platforms offer borrowers a fixed amount of time to repay the loan. Therefore, these platforms are a lucrative investment for people who want to create diverse sources of passive income without any hassle.

How Does a P2P Lending Platform Work?

The primary foundation of any decentralized P2P lending platform is that such platforms connect lenders directly with the borrowers without any need for banking institutions or Non-Banking Financial Companies (NBFCs).

Here is how a basic P2P lending platform works in action:

Step 1. Both lenders and borrowers create their individual profiles on the P2P lending platform by providing their KYC/AML information. 

Step 2. When in need, a borrower raises the request for a loan application with the required amount. He also mentions his current financial status.

Step 3. An interested lender accepts the request and lends the desired amount either fully or partially. 

Step 4. When the required conditions are met, a smart contract is implemented automatically. 
Step 5. Once the loan amount is transferred to the borrower’s account, he can repay it with monthly payments and an interest rate.

how peer-to-peer lending works

What are The Features of a P2P Lending Platform?

Now that you’re aware of how a P2P lending platform works, let’s discuss the important features of an ideal Peer-to-Peer lending platform development process that makes the platform secure, transparent, sophisticated and highly credible. 

The functionality of a P2P lending platform decides the user base. The more seamless the functionalities, the higher the user count.

Check out the following significant features that can adorn a P2P platform to the highest level of sophistication and simplicity:

Features of a P2P Lending Platform

1. Simple Account Creation Process

A P2P lending development platform is created for the use of lenders and borrowers. Therefore, the account creation process must be simple and seamless for both parties. 

For Borrowers

An ideal P2P lending platform must be functional enough to assess a borrower’s creditworthiness by analyzing his/her financial and general credentials. It should verify the identity of the borrower by fetching official documents such as a passport or driver’s license.

For Investors

Simultaneously, your created P2P lending platform must register various significant details of an investor, including income and employment status, investment preferences and risk tolerance. 

Therefore, sophisticated P2P fundraising platforms must verify the identity of investors and borrowers to add an extra layer of security.

2. Robust Loan Application Process

A P2P lending platform must be developed keeping in mind to build a streamlined process for borrowers to apply for a loan. A borrower must be able to set a loan range and browse a list of potential lenders that match his interests. 

At the same time, investors must be equipped with complete transparency to gain insights into the credit history, financial stability and employment status of a borrower who sends the loan request. Later on, an investor can decide whether to accept or reject the loan request based on his risk tolerance and investment strategy.

3. Comprehensive Profile Management

Another solid feature of a P2P lending platform is a comprehensive dashboard that lays down the lender’s and borrower’s profile details. It should include other pivotal details such as lending/borrowing history, upcoming/remaining payments, KYC/AML details, credit score, connected digital wallets, etc. 

It is always a good idea to have a ‘Help’ or ‘Support’ options or chatbots that can solve the queries of investors and borrowers. This functionality will enhance your P2P lending platform’s credibility.

4. Automated Loan Matching

Implementing an optimized loan matching process is a complete game-changing feature of a P2P lending platform. By using advanced machine learning algorithms and data analytics, loan matching systems can assess the creditworthiness of a borrower and recommend a pool of borrowers to the investors along with their potential credit risk.

Through such functionality, investors can diversify their investment portfolio in a safe manner and explore a wide range of investment opportunities that align with their return goals and interests. 

5. Seamless Payment System

Seamless Payment System

An ideal P2P lending platform must have a secure and efficient payment system for processing loans. The platform must offer a myriad of options to make the payments. These options include payments through digital wallets, debit and credit cards, and net banking, etc. You can also partner with third-party trusted apps to enable payments for investors and borrowers.

6. Advanced Credit Scoring Models

Traditional credit score rating systems leverage limited data resources to assess the creditworthiness of a borrower. An efficient P2P lending platform blurs this line of unbalanced estimations and utilizes advanced methodologies to create credit scoring models. 

The Peer-to-Peer (P2P) lending platforms offer an in-depth evaluation of credit scores by collecting data from unconventional resources like social media, non-traditional income streams and online footprints to bring out comprehensive information to understand the borrower’s financial situation. Such functionality attracts investors and gives them a secure edge over others.

7. Anti-Fraudulent Systems

Developing an integrated P2P lending platform goes hand-in-hand with predicting the number of users who’ll use the platform. Therefore, it is crucial to stave off anti-fraudulent activities from the platform. 

P2P lending platform developers must integrate efficient fraud detection mechanisms that can identify risks associated with bogus identities, identity theft and other malicious activities and eliminate any other potential risks.

8. Automated Smart Contract Implementation

Incorporating smart contracts in the development of a P2P lending platform is one of the platform’s most transformative features. These smart contracts are ‘trustless’ decentralized contracts that do not require third-party intermediaries to be implemented. They work independently once certain pre-defined conditions coded in the contract come true.

Smart contracts make the payment process in lending and borrowing more efficient, transparent and robust. These contracts also eliminate operational load and other redundant fees. Therefore, smart contracts make the loan disbursement and repayment process simple, advanced and secure without any third-party intervention.

9. Secure and Compliant

Following industry-standard security protocols such as multi-factor authentication, end-to-end encryption, and secure communication channels creates a powerful P2P lending platform that is secure and compliant with the security protocols. The ultimate goal of your P2P lending platform development should be to offer the utmost security and compliance with the industry security measures.

Another great feature of a P2P lending platform is to integrate Know-Your-Customer (KYC) and Anti-Money Laundering (AML) functionalities to ensure that only genuine individuals use your platform. This practice also mitigates the risk of identity management and ensures efficient individual assessment.

Partner With an Industry-Recognized P2P Lending Platform Development Company

Are you new to the blockchain ecosystem and want to step into the realm of P2P lending platform development? Look no further than Deftsoft, a reliable P2P lending platform development company. With more than 18 years in the industry, we have contributed our expertise to a variety of projects. 

Our team of experts will help you bring your vision to life with utmost importance to the P2P lending platform’s security and user experience. We ensure the integration of advanced features to the P2P lending platform development.

Reach out to us for more info!

FAQs:

What is meant by P2P lending platform development?

A P2P lending platform is a common ground for investors and borrowers to find a perfect match without any interference from third-party intermediaries. These platforms are decentralized and offer attractive interest rates to investors and expose borrowers to a massive pool of lenders without any collateral. With high security and protocol compliance, these platforms are developed by blockchain developers and UI/UX designers. The P2P lending platform development process include planning, coding, testing, launching and optimizing the platform with high-level sophistication.

How does a P2P lending platform work?

First of all, users sign up on a P2P lending platform. Based on their ultimate goal, users can choose to be an investor or borrower. They need to put up their official documents for identity verification and financial status. A borrower can then raise a request based on the required money. Simultaneously, an investor accepts the request of the most competitive offer. Once conditions are met, a smart contract is implemented. This is when the required amount is transferred into the borrower’s account and then the borrower can pay up through monthly instalments.

What are the best features of a P2P lending platform?

Some of the best features to include in a P2P lending platform are a simple account creation process, robust loan application process, user profile and portfolio management, seamless payment system, advanced credit scoring models, automated smart contracts implementation, installing anti-fraudulent mechanisms, and integrating high security and industry protocol compliance.

What are the main benefits of P2P lending?

The key benefits of the P2P lending platform include the exposure of borrowers to a large pool of investors, lower interest rates, easy loan reimbursement without any third-party interference, reduced defaulter risk, borrower’s creditworthiness, enhanced financial system diversity, transparency and accessibility.