Excellent opportunities and Concerning threats for blockchain startups going into 2020

With interest in enterprise blockchain development peaking, one can expect 2020 to be a volatile year. Along with several new opportunities, some challenges threaten to derail the ride. Here is a countdown of the trends that might impact startups this year.

1.      NEW RULES AND REGULATIONS TO NAVIGATE

Since the inception of blockchain technology, it has enjoyed the freedoms of an unregulated political and financial climate. This gave them the freedom to explore innovative solutions otherwise off limits to startups. But this also prevented investments from bigger, centralized institutions.

However, this is set to change soon. Governments have realized the potential as well as the threats of this ground breaking tech. This has led them to regulate certain aspects of the ecosystem. India and China banned virtual currency transactions which in turn limited the scope of cryptocurrency-based startups in the countries. Japan, on the other hand, legalized Bitcoin tender a few months ago. While the US has made moves to strengthen policies on virtual currency, it continues to be a hotbed for blockchain innovation. 

2.      THE PROMINENCE OF ICOs WILL CONTINUE TO GROW

Owing to the dynamics of the crypto market, many investors are turning to ICOs as a means of a quick profit. Traditionally, crypto investors made money by dealing, that is, buying and selling cryptocurrency. But the growing volatility has pushed investors to look for better options such as ICOs. 

Most blockchain based startups use the ICO route to fuel their funding requirements. The older route of VC funding has become less appealing to them with its lengthy paperwork and negotiations. This also led to increased regulation by government bodies who continue to keep a watchful eye on this segment.

Even with new rules and tighter laws, most analysts foresee continued interest in blockchain technology as well as ICOs. The value and number of ICOs has been climbing steadily and is poised to spill over into 2018 too.

3.      OPPORTUNITIES IN NEW INDUSTRIES

Although blockchain was primarily designed to support the virtual currency market, its concept of a decentralized public ledger can be utilized in other industries too. The main benefit of a public ledger is the trust factor. The presence of blockchain reduces the chances of forgery and fraud. This idea has led to a lot of interest from non financial sectors too.

A cooperative in Arkansas, USA, called Grassroots is already utilizing the potential of blockchain. They have created an interface that helps farmers track the path of their poultry from the farm to the table. This enables the customer to be sure of the origin of their foods. Deloitte has used the public ledger system to reduce forgery of certificates. Other platforms such as Sia and Jrop have integrated blockchain into their services.

This clearly shows that blockchain has the potential to disrupt any market where authenticity and trust are paramount.

4.      PRIVACY ISSUES

The essence of blockchain lies in its publicly accessible shared ledger. This potentially raises concerns about the privacy of confidential transactions. This has also prevented blockchain from being integrated into industries such as security services.

This weakness can be hidden by creating a ledger that is accessible only by invitation. A private blockchain network with restricted entry can help vet unwanted characters.

5.      SCALABILITY ISSUES

Heated differences on scalability saw Bitcoin, the largest cryptocurrency by market value, split into two different coins. Each crypto transaction is stored in nodes which increases block sizes. This in turn limits the number of transactions per second to just seven. Which is miniscule compared to the thousands of transactions that occur in the financial industry.

Thankfully, cryptos are working on methods to increase the transaction volumes which will further help promote blockchain.

The blockchain industry is yet in the nascent stage with new developments increasingly making it a preferred choice. 2020 will surely open up a plethora of opportunities for the startups in this field.

Ondemand app development: Huge opportunity is knocking the doors of startups

Mobile applications, today, contribute a lot in making the life of the user better. There is not a single sector untouched with these mobile apps. These on-demand mobile applications have revolutionized the way of thinking, the way of communication and the way of living as well. People can easily access to the products and services they want without stepping out of their home with the help of these apps. All its going to take is few clicks and the product will be at your doorstep.

The storm of the on-demand apps has brought an evolution in the service sectors, and these apps provide the people quite fast and easy access to several products and services which once upon a time were quite limited and difficult to access. 

Here is a list of several on-demand apps which have made our life easier and luxurious at the same time-

Uber

Uber today is a popular name among the on-demand taxi apps. As much as Steve jobs and Bill gates have done for the IT sector Uber has done the same for the sharing economy. Uber has made so much name for itself that even though people who didn’t have ever use the app to board a taxi have at least heard of it.

Uber provides several features which are the reason for its immense popularity –

Its quite cheap and the passenger does not have to pay any additional charges and have to only pay the fixed charge that is displayed to them.

It is quite fast. With the help of the app you can see all the nearest cars to you and with the help of the app you can also approach the location of the taxi when it arrives.

It is quite easy to use, and the booking of the taxi takes few taps and few seconds.                                      

Postmates

This popular food delivery app was launched in the year 2011. Initially delivering of several kinds of goods such as household one and furniture’s was the aim of the app but afterward the service was switched to delivery of the food items and the app is still on the fields even today.

With the immense success of Postmates like never before it opened doors for several other food applications. This app provides a variety of option with the help of which you can not only order food from restaurants, but you can also order the food from several stores. The app turned out to be a domestic assistant to save time and also the affordable delivery cost is a major advantage of using the app.   

                           

Drizly

If you are looking for an app to order some booze Drizly is the perfect stop for you. Whether be a big delivery order for a party or few bottles of beer or even a pizza Drizly got a supply for all.

Another major advantage of this app is that it consists of pre-composed sets of booze which can be chosen instantly for different occasions. Thus, provide a specific choice to the customer.                 

     

                                     

BloomThat

It is yet another popular app example. With the help of this app you can make sweet gestures to someone, congratulate someone and even express several other feelings.

This app provides a platform to choose from a selection of fresh and seasoned items. All you to do is to choose the date of delivery and time and with the help of the app you can also check the progress of your order.

Along with this a nice cake can also be added to your bouquet.

                                      

Medicast

Today even healthcare is not exempted from these popular on-demand mHealth apps and Medicast has come up as one of the best one for the healthcare sector. The service might not be that cheap but the service it provides justifies the charges.

Its just with the few taps that you can contact a qualified specialist and within few minutes you will find more about your matter. And if urgent the specialist may also arrive at your place to provide medical assistance to you.     

                                

Rinse

Laundry is quite time consuming and quite difficult and painful as well. Therefore, to exempt you from that pain Rinse is there as one of the best on-demand laundry apps.

The reason for popularity of this app are many as the scheduling is quite simple for the app and app provide the service all 7 days of the week. All you need to do is to choose the date and time of your choice and keep your clothes ready for the pickup.

Along with that there are several cleaning preferences which you can choose so that you get the perfect service for your clothes.

                                           

Priv

This is another popular on-demand app which provide its users several health and wellness services. With the help of the app you can hire a hairstyle specialist, a manicure and a refreshing massage etc. A fitness session at home or office can also be organised with the help of the Priv app.

Priv has now targeted male audiences well with several services for them such as beard and moustache trimming, haircut and many other services as well.         

                             

Wag

This is another popular app which help in finding a person who can take care of your pet(dog) in your absence. With the help of app, you can find a dog lover at any time 7 days a week.

Another feature it provides is you can track the activity and walk of your dog with the help of live GPS tracking.

Thus all these apps have paved the ways for several upcoming on-demand apps too.

What are things to know before starting an eCommerce app development

Ecommerce mobile app development

Today people consider it a waste of time to walk or drive by to a physical store to go for shopping. The changes and new inventions in technology has caused a positive disruption in the ecommerce industry. People today love to buy things and shop right from their home and receive their products or services at their doorstep. The need to create free ecommerce apps has increased with the increase in the number of competition between various ecommerce retailers such as amazon, flipkart, etc.

Today is the age of using digital medium and gadgets to integrate and better interact with various ecommerce businesses to make your life easier. Today ecommerce app android and iOS makes a customer’s life more comfortable and enjoyable.   

As per research, the sales through ecommerce in US is around USD 2,356 Billion. Building an ecommerce app is just not enough.

To develop a successful ecommerce app, you have to keep certain things in mind and know certain important features before starting an ecommerce app development.

Why need ecommerce app: a must know before developing your ecommerce app

    Provides the ability to capture more customers and increased sales

With ecommerce app, you can reach far more customers than an physical shop ever will. This is because your ecommerce app will operate via internet and that in turn provides a borderless access to customers. The only limitation will be the availability or internet network and strength of the internet connection. More the number of customers, more the number of sales. More the number of sales, more will be the revenue and profit reaped. 

    Keep customers engaged with enhanced user interface interaction 

With ecommerce apps, you have the ability to provide the customer a much more enhanced interaction with the product at their doorstep. For example, customers have the ability to surf through 100 or more wide range of products within a matter of few minutes without any delay along with enhanced security.  

Tips to keep in mind before developing your ecommerce app

Geographical location of the customer

It is one of the very important feature because it allows you locate the customer accurately and delivery products or service at the right time and place via your ecommerce app service. For example, you have to focus on creating iOS platform for your ecommerce app if you are planning to launch in western Europe. This is because, there the usage of iOS is more than android. In such cases creating a hybrid ecommerce app would meet all platform requirements. 

Also, logistics is influenced according to the customer’s location. It allows you to decide if to ship or deliver the product via flight, etc. 

 Choose your target customer 

Some people are interested in electronic products, some people are interested in fashion clothing, some people are interested in groceries, etc. Different people want to buy different products via ecommerce. Conduct a market research in the locality where you want to specifically launch to understand the market requirement and if customers are willing to use your ecommerce app service. 

Important features to know before developing your ecommerce app 

Your ecommerce app should be able to provide the customers to choose multiple shipping options, choose required payment mode from multiple payment alternatives. Make sure to develop your ecommerce app with search engine optimization. It will provide you better insights on meeting a customer’s preference. Also identify ways to provide gift coupons or vouchers or discounts, etc. 

Integrate your ecommerce app with cloud computing services. Through this, customers will be able to access their account information and place an order anytime anyplace. 

Revenue stream for your ecommerce app

Figure out where you will reap your revenue for your ecommerce app from. It may be via the in-app features your provide or subscription fee levied on the customers or by providing membership, etc.

Singing off: Good Luck to engage more customers and make more money

If you choose the right technology stack to develop the right technology platform for your ecommerce app, then your ecommerce solution will be highly valued by the customers. You will be able to provide quality products and service. Share these features, tips and information to your team for creating a strong customer centric ecommerce app.

10 things to consider when developing an educational VR app

Virtual reality (VR) is one the most advanced technological platform that is explored by various industries to provide better service. Virtual reality is a platform where a simulated environment is created by computer generated programs to enhance the user experience. These simulated environments may be an adventure land or scientific lab or museum in the case of educational field.

Thus, the demand for on-demand tutor app development has increased along with the need to build educational apps for android and educational VR app for iOS. They make the virtual world look very appealing as close to the physical world. 

10 things to keep in mind before developing an educational VR app

Experience period

It is important to keep in mind as to how long should the user or a professor or student be exposed to the virtual world, away from the physical world. This is because prolonged exposure to virtual world might affect or enhance the user ability to integrate information around them.

Approaching how to convey information

Each student and professor have their own ability and skills. Some might feel easier to integrate and operate on a complicated feature, some might find it hard to understand the features. The VR app must be easy to understand and operate by everyone.

User interface (UI)

The world of eLearning is awesome. And hence, it will be better for the students if you can develop a feature in the VR app where, the student can understand the functionality by a sense of touch with button or interactive feature in VR app. This is because often teachers face a hard time trying to make students understand what they see, because the teacher does not have access to the screen.

Age of the user

This is very important because you cannot expose a student of 9 to 11 years old to a stimulated virtual world of explicit content. The content displayed by the VR app must be appropriate according to the age standards.

Safety

Teachers and professors are liable to the parents of their students too. So, it is important to make sure that any content displayed by VR app does not encourage any bullying or cyberbullying. Also, the stimulated app must be integrated with the physical world in such a way that, the student does not hurt themselves while walking or moving around with the VR headset.

Originality of the displayed content

This is another important key factor to keep in mind. Make sure to display only unique and authenticated content to the students. Keep the simulated environment as realistic as possible. This is because, if the virtual world seems to imaginary, then the student might either feel it difficult to understand or start disliking the physical world.

Stay in plan with the educational curriculum

Make sure that the VR app features, services and content displayed does not deviate the student away from the educational course of goals and objective. Make sure that the VR app does not affect the focus of the student.

Make your VR app unique

There are many companies such as Immersive VR Education, Unimersiv, zSpace, etc. who are into the educational field providing VR services. Make sure that your content is unique and can be differentiated from other competitors.

Decide how far your VR app should be autonomous

The user or student or professor to some extent must be able to interact with the stimulated work and engage themselves with interesting features. Providing little autonomy will enhance the user experience and keep them interested and engaged.

Demonstration capability

The displayed content and stimulated environment must provide the student with sufficient information and experience to understand and learn the concept before leaving the VR experience. You can develop a VR app with the ability to save data and export them to cloud, where the student can stimulate the environment again when needed.

Leaving it to you: Experiencing is one of the best ways to learn

The more environments students experience, the ability of student to understand concepts clearly also increase. Before deploying your VR app, make sure to run n number of tests until you perfect and confirm that you VR app enhances the user experience and does not affect the experience. Good luck. 

How to Effortlessly set Up a Thriving Online Grocery Marketplace with SoluLab

Uber for grocery

Ondemand grocery is on the rise today, because of the rise in demand for buying groceries comfortably without having to invest time and cost in going to a supermarket or local retail stores.

According to the study conducted by Nielson, developed countries account to one-fourth of the population who buy groceries online.

This article discusses about you can set up a successful online grocery marketplace that will thrive with services provided by SoluLab.

Key tips to effortlessly set up a thriving online grocery marketplace

Build a strong business model

Before you start any process, we help you understand the revenue stream of your business, key partners, key resources, channel through which you deliver groceries to customers, customer relationships, etc. Also, formulate a value proposition that your online grocery marketplace will offer customers. This value proposition is what will customers use to identify your service with other competitors out there.

Your business model can be a tie-up where you partner with an outside local or online retail grocery vendors or sell groceries online as a partner with the right suppliers, etc.

Important features your online grocery marketplace should have

Order history to easy order check-out

Customers might be prone to make the same order they had already once made without having to make a new order list every time they want to buy from you. We provide an order history where customers can view their previous orders and can repeat the same order or choose particular products from the order history for faster check-out.

Build a sizeable cart

We shall allow customers to add multiple grocery items to their cart to buy multiple products at once without having the trouble of buying one product at time, which might be a complete headache. In this cart, as the customer keeps adding items, calculate and provide them with the visibility of total price of each product with its quantity and the final total price of the whole cart.

Section of offers

We help you provide customers with offers such as discounts, coupons and promotional codes that they use to avail a special or discounted price on online groceries. This will add value to the customer satisfaction which in turn builds customer loyalty.

Basic features and functionalities that your online grocery marketplace should include

Customer portfolio and information

Customers should be able to create an account for themselves where they have to give demographic details such as their name, contact number, address of delivery, e-mail id, etc. This will be used to deliver the groceries to the customers doorstep at the right time and right place. We make sure that using this you can also differentiate customers and provide better value.

Provide a pool of product categories

Customers should be able to choose products from variety of ranges based on price and type of grocery. We develop unique categories such as trending orders, basic needs, etc. The typical category that we will provide are snack, vegetables, fruits, meat, health drinks, home décor, etc.

Optimize your platform for search engine

If your online grocery marketplace is a part of the first page search result in any search engine, then the chances of customers flocking to your platform will be higher. We stop wasting website traffic and use it efficiently by using the appropriate keyword in every header, menu and content.

Revenue stream for your online grocery marketplace

Generating revenue from subscription

This one of way of generating revenue. You make customers pay for the services rendered, discounts provided and the news feed they subscribe provided by your online grocery marketplace.  

Commission based revenue generation

This is one of the popular methods of revenue generation. Tie-up with different local vendors and charge a commission for each product placed in the order by a customer.

Other notable revenue generating methods

You can generate revenue through media promotion, blogging, selling merchandises, etc.

Conclusion: Enhance the customer buying behavior by build a productive online grocery marketplace

Buying groceries is a daily need and a demand that never goes down. Ensure that you provide services that satisfy customers and your suppliers at the same time. At SoluLab, we help you satisfy them both to thrive successfully.

Fleet Mobile Apps Are Gaining An Interesting Surge – What You Need To Know

Fleet management mobile applications have seen rapid growth in the past decade. This growth can be owed to two major factors – Digitization of the logistics unit of several large companies and the rise in the number of delivery and micro delivery startups. Fleet management mobile applications are basically centralized software that enables companies to control all their commercial vehicles from one platform. It helps them manage the various aspects of their commercial fleets such as routes, fuel intake, costs involved, driver rotations, GPS tracking, security, government regulations, and scheduling of shifts.

The primary reason that fleet management applications have become so popular is efficiency. With live tracking of all vehicles, the most optimum routes can be chosen and rotation of drivers as well as vehicles managed remotely. Eventually, this leads to less time and fuel consumption. Many software companies argue that overall logistics costs can be cut by as much as 20% with proper management. Industries sectors such as transportation, packers and movers, commercial vehicles spend a sizable portion of their funds on fuel, taxes, and security. This makes investing in good fleet management software not just a luxury but a necessity.

Immense benefits that fleet mobile apps offer to industries and gain an interesting surge

With so many applications out there offering a plethora of services how do you decide which features are suitable for your organization? Below is a list of some of the most important features on offer and how they can transform the logistics of your company.

LIVE GPS TRACKING

This is the most basic feature on offer that helps you track all your vehicles in real time. Using GPS or cellular triangulation, the app keeps you updated on the whereabouts of your vehicle. You can remain tension free as the app will prepare a report as well as pinpoint the location of the vehicle on a map. This data can then be extrapolated and read in congruence with other information such as time, fuel, and route takes to create fleet intelligence.

FUEL MANAGEMENT

Fuel costs have skyrocketed since the 1980s to reach new highs in the 21st century. Fuel alone makes up for more than 70% of the total transportation costs. Since fuel can’t altogether be avoided there are smarter ways to prevent it from making a dent in your profits. The fleet management application development allows you to monitor fuel consumption round the clock. Armed with this info, coupled with other data, you can take smarter decisions to cut down the spiraling fuel costs. Routes can be altered, refueling times can be scheduled, the amount of fuel filled can also be tracked.

SPEEDING AND RASH DRIVING

Road rage is the leading cause of road accidents worldwide. Not only does it cause physical and monetary harm, it also leads to court cases and unwanted litigation. While the traffic rules are common knowledge, a little extra caution won’t harm anyone. The fleet management app development offers just this extra cushion by allowing you to track the speeds of your vehicles. If the truck is moving too fast, the driver shall receive alerts on his phone warning him about his speed. The admin shall be alerted too. Some advanced softwares also allow you to remotely curb the top speed of the vehicle.

DRIVER ROTATION AND SCHEDULING

Till now, most scheduling work and job allotments were done by hand. Manual work is prone to errors such as double booking, idle time, wrong allotments etc. The fleet management app development allows you to schedule duties in advance using the smart dashboard. You can view all the drivers and their vehicles in one location. The tasks can be scheduled without much ado. By using this technique wastage of time and money can be avoided by reducing idle time. Mistakes can also be reduced drastically, thus increasing efficiency.

MAINTENANCE AND SERVICING

Keeping track of the servicing requirements of large fleets can be tedious and difficult. Often maintenance and check ups are overlooked. This leads to deterioration in the condition of the vehicle. The truck might even break down mid journey causing undesirable losses. An easy way to maintain a clear record and to schedule maintenance is by using the fleet management app solutions. It not only allows you to schedule services but also maintains a record of all past malfunctions. With this feature, you can keep your vehicles in top condition for longer.

Over to you!

There are many competing fleet management softwares and applications in the market but few offer the complete range of features required for a successful setup. Some even offer advanced features like in app messaging, asset tracking, driver identification, ecodriving, and security. The application also must be flexible and customizable according to personal requirements. It may seem like an unnecessary luxury at first but once implemented it can help save tons of time and money.

Top 5 ways insurance sector is benefitting from blockchain technology

The world of insurance:

Insurance organizations has been changing for the better with blockchain consulting and with the usage of blockchain technology in insurance. Insurance plays a vital role in every individual or large organization in various ways. These ways may regarding the safety and security of the individuals health or any property that may belong to them or an organization. Blockchain technology solutions provides the modern path in terms of financial transaction to handle insurance. The blockchain technology is much better than the traditional method where people meet face to face and a third-party organization handles the insurance. There, the involvement of third-party result in extra charges the user in terms of commission to the third-party handler for it.

Blockchain and its benefits to insurance sector:

Blockchain Development solutions for financial services in the field of insurance eliminates the need for any third-party handler and the top 5 ways they benefit insurance sector are as follows.

1. Privacy                     

With the changing technology, privacy is important and is considered the top priority while handling transactions of funds. With improving technology in insurance sector and cryptocurrency many new inventions are made which require high levels of privacy in terms of money and announcements too. Blockchain puts a full stop to fraudulent activities as it does not provide any common authority of control over handling insurance transactions. With blockchain the user does not have to fear for any loss or malpractice in handling of insurance funds as the transaction is direct between the parties involved.

2. Borderless    

                     

Transfers and transactions can be completed anytime, anyplace and any amount of digital cash is possible with blockchain. Transfers can be made from country to country even to places that are remote.

No matter the distance or the occasion, transferring of funds and money have never been so faster and easier as the speed it takes to transfer using blockchain is high.

Information availability is boundaryless for access and transfer for required usage as the only requirement to handle these operations is internet availability and it connects even remote areas helping the lives of everyone who has less access to life insurances.

3. Smarter decisions

With blockchain, insurance companies are able to make smart decisions by making way for the insurance company to handle huge amounts of transactions without any confusion in operation or delay. With blockchain, insurance companies get the chance to think quick and act fast to make effective decisions.

All information required to handle data for insurance is readily available as all are digitally recorded and publicly available which connects all lenders and users who comprise of suppliers and providers. With blockchain even if one operation of the organization fails, there is always an alternative availability to complete the same operation without any obstruction as the connectivity is huge among all peers.

4. Quality

Blockchain gives assurance to quality in operations and transactions. Insurance Companies can link many operations to make it easier for solving problems and arriving at efficient and quick solutions too. Quality added operation is what makes Enterprise blockchain Development even more interesting.

It also adds value to the process that take place within the company by allowing transactions to take place at the right time and right place as the process is seamless in blockchain.

5. No permission required

There is no requirement of permission by a third-party organization when an insurance company wants to take care of a financial operation with blockchain. This also fosters innovation as payments can be made to meet all requirements needed without any wait time and this allows many processes to be completed at a faster rate. It allows a peer to peer connected transaction where all processes that take place is transparent thus allowing all involved parties to scrutinize information. This also reduces the amount of paper documentation as all transactions are recorded digitally and is available for verification by anyone who is involved.

Insurance - Blockchain relationship and its importance today:

Every one of us care about ourselves or care about someone or something close to us or in most cases care about everything and everyone including ourselves. But, sometimes caring is just not enough, you need to make sure who you are care about or what you care about is insured because in case of any damage or illness or repair or any such case which is regarding taking care of what really matters to you the most requires insurance. With blockchain in the big picture, insurance has become more feasible and easier than ever before. With blockchain, insurance reaches everybody and everyone making sure the world changes for the better and everyone gets to be safe and carry on their daily lives smoothly by faster and convenient method of fund transactions to insure what is really important. How do you think blockchain app development benefits insurance sector? Get More Information here Healthcare Blockchain Development company
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