Digital technology is racing ahead at breakneck speed, which is hard for the average person to keep up with and one of the latest innovations is the DAPP, or decentralised app. The DAPP runs on a blockchain, which is a decentralised digital ledger, rather than on a computer server, which is how a traditional app runs. There are many benefits to building a DAPP for your business, which we outline in this short article.
- Smart contracts – A smart contract is written in computer code and when the pre-defined conditions are met, the contract automatically executes a transaction, which really streamlines financial transactions. These contracts run on a blockchain, which is very secure and the decentralised ledger system is transparent. This eliminates third-party involvement, saving both time and money and with smart contract security audits, the contracts are secure.
- Decentralised and transparent – There are no controlling entities with DAPPs, rather the decentralised blockchain platform offers transparency at all levels, with all transactions being easily verifiable. If you would like to learn more about this digital product, contact a top Australian DAPP development company and let the professionals enlighten you.
- No censorship – Due to decentralisation, DAPPs are not subject to censorship from a controlling entity.
- Improved efficiency – Due to the streamlined nature of DAPPs, your organisation will become more efficient, as automated processes take over, saving your company time and money.
- Improved user interface – DAPPs offer the user more control over their data, empowering users in many ways.
- Boost your company image – Building a DAPP for your business will certainly impress your clients; there will come a day when all businesses run blockchain apps but at present, it is relatively new technology and the sooner you get involved, the better. If you are planning a remote startup, read this informative article.
- Cyber-security – When you have a DAPP designed for your business, you can rest assured that it comes with the best cyber-security to protect your valuable data.
Choosing a DAPP developer
Of course, your choice of developer is paramount; choose a developer with many years of hands-on experience, one that has won awards in the industry. One good way to find a top-rated developer is check out their client list, which should contain a few well-known names.
The development process
This is a multi-stage process that begins with an initial meeting that enables the developer to gather essential data they need to formulate a design. Many developers offer a free initial consultation that helps clients decide whether or not DAPP is right for them. This would be followed by a comprehensive meeting in which many aspects are discussed, this is followed by a prototype design when a digital storyboard is created to give the client visual clues as to how the app will look. Once this stage is reached, the DAPP development team gets to work, then comes the launch and debugging, plus there is a post-launch analysis.