Blockchain is changing how businesses function, providing them with a secure and efficient technology to replace current practices. While it may have an impact on the company financially, it affects various other areas of businesses that are not traditionally associated with finance too, including security, logistics, and transactions.
What are the first few logical steps after your roll out your mobile application? Let’s take a look:
User Interface (UI)
User Interface (UI) basically refers to the look and feel of an app. The basic presentation of the buttons/tabs on the screen and its design falls under the UI. The mobile should be visually attractive and easy to use. For example, Instagram; the layout of the app is simple and the interface is easy to manage. The functionality is quite simple, and every time there is an upgrade a notification is sent to the user.
You’ve got an amazing idea to build a mobile application, what is the next step? Logically, it is to start planning the development stage and releasing a fully functional app. But the success of a good mobile app is when a Minimum Viable Product (MVP) is in the hands of the user
What is an MVP?
As per the concept that has been popularized by Eric Reis, “A minimum viable product (MVP) is a development technique in which a new product or website is developed with sufficient features to satisfy early adopters. The final, complete set of features is only designed and developed after considering feedback from the product's initial users.”
When you introduce a product in the market, the success of that product is directionally proportional to the strategies used while creating it. Defining a product pre-production makes it easier for the development team to approach the needs of the customer more accurately.
Let’s take a look at a typical product strategy mistake and how to avoid them:
Starting the Development of the Product at the Right Time
Have you ever thought of an idea for a product and then procrastinated to an extent that the idea never saw the light of day? Once you get an idea of the product that you are going to roll out, don’t take too long to ponder. Sometimes waiting for too long a product is never realized and new competitors can gain an upper hand and release a product better than yours.
How do you avoid this issue?
Create a rapid prototype and release a MVP. You can then keep upgrading it to higher versions with the feedback you receive.
Although, one must remember that starting the development of a product without a clear plan could lead to a strategic pitfall.
You could be working in any sector or industry or organisation, everyone is talking about Blockchain technology. In the world of finance and financial technology, Blockchain apps are turnkey. But the technology has many other uses as well. These include banking and finance, insurance, fintech, jewellery business, healthcare, medical services, eLearning, travel industry, gaming, smart assets, online shopping portals, digital voting, digital identity management, distributed cloud storage, transport and logistics.
Developers that know Blockchain are most sought after, especially in financial organisations that are into developing new cryptocurrencies. “Blockchain developers ranked second among the top 20 fastest-growing job skills in 2017, showing a 200% growth from the second to third quarter of the year. That demand continues to see rapid development in 2018 as technology changes because the Blockchain code is used in more and more applications.”