Categories
Categories
by on March 17, 2020
150 views

What are Block chain Applications or DAPs?

DAPs are decentralized applications. The block chain does not have a server that acts as an intermediary between users who exchange messages, money, or data. This opens up many opportunities for many industries, so block chain application development is relevant for many companies.
All members of the block chain network are both users and mini-servers and are responsible for authenticating and sending data. Let us discuss how block chain works in more detail.

How DAP Works

Before we look at how DAP works, we need to find out how block chain works.
A block chain is a network that shares all data among its peers and chronologically stores it in blocks. This means that as soon as something happens in a block chain network (such as a transaction or data exchange), it will be shared with all network members, and everyone will have a record of this action on their devices.

These data blocks are stored in a string and cannot be changed after adding the data to the string. This makes block chain extremely difficult to corrupt and steal data. To install a series of blocks, you will need from a few gigabytes to a terabyte of storage. Because mobile devices do not have that much space, DApps typically only work on part of the chain.

There are two types of block strings, depending on the network type.

Block chain is accessible to all network members without permission and is available on any device. Each user has access to the code, verifies the transaction, communicates with others, and remains anonymous. For example, bit coins are without permission.

The permitted block chain allows only authorized participants. All users have roles and permissions. An enabled block chain has rules that regulate transactions between network members. This type of block chain is great for managing operations within organizations.
In this article, we will discuss how to develop block chain applications and what are the best ways to develop block chain applications.

Benefits of block chain applications

Why is block chain gaining popularity? I have already mentioned that they are safe and anonymous, but there are many more.
Public Authentication - Any user can check that the system is working properly. Each transaction is validated by verifiers that are equivalent users of the block chain.
Transparency - All data and transaction updates must be verified by other network users. Although not every customer has access to the data, a copy is stored on every device on the network at all times.
Privacy - Although the block chain is a decentralized system with a high degree of transparency, all transactions and interactions between network members are anonymous.
Integrity - Block chain ensures that no data changes.

These are the advantages of block chain. Now let's focus more on DApps.

What are the benefits of block chain application?
Easy Transaction. Many banks try to provide mobile services, but due to declined transactions, commissions and exchange rates, the transaction process is still not correct in some cases. Not so with DAP: The block chain takes just five minutes to install and allows users to buy things with crypto currency at no charge.

Great exchange of experience with crypto currency.
It is better to buy and sell crypto currency through mobile apps, as the response to change in prices should be faster. The crypto currency market is very volatile, but has great potential for growth. This makes crypto currency exchange applications popular. high security. Common banking applications and secret conversations often conflict with security. Mobile apps are insecure and hackers can steal money during transactions through a man-in-middle (MITM) attack. For example, this is impossible with bit coin because all data is decentralized and each network member has a copy of all strings. For example, block chain-based messaging applications can protect your messages.

Major Industries for DAP

According to stateofthedapps, these are the five most popular application categories of block chain technology: • sport
• Gambling
• Replacement
• Wallet
• Finance
• Real estate
• Healthcare<
• music industry
• e-mobility
• Launch of Internet of Things

5 examples of block chain technology in practice

Here are some of the most interesting examples of the use of block chain in various industries. You can use them as ideas for Android app from bet365. Spotify - Uses a block chain database for decentralized connections between tracks, artists, and license agreements.
Warrantier - is a retail company using block chain to help customers obtain information about the products they have purchased and receive service if the product stops working.
IBM Block chain - One of the best block chain applications to help logistics companies and enterprises with long supply chains, tracking the status and condition of each product at every stage of the delivery process: from production to distribution. The block chain provides complete transparency of records and provides real-time tracking of all parts in terms of location and position.
MedRec - An example of a block chain medical application that provides secure access to the medical records of various providers and actors such as doctors, patients, hospitals, pharmacies and insurance companies.
Security - is a trading platform for all types of crypto currencies, but it also supports traditional assets that can also be transferred and exchanged into security chips.

How to build block chain application

Step 1: Clarify your idea

As with any business and product, this idea is the first thing you should think about before developing a block chain. While block chain is currently a buzz word, many companies can live without it, and some tasks can be done without block chain. You should first assess whether you need a block chain. Consider the problems you want to solve with DAP and begin to formalize your idea.

Step 2: Take a Competition Survey
Look at the current market and analyze whether solutions exist. Since the market is far from saturated, you will definitely find your niche or find out how to do the same thing better than another application.

Step 3: Analyze Your Options
There are four ways to create DAP:
1. Use an open block chain for your own application. For example, you can integrate Ethereal or Bit coin into your mobile solution.
2. Build a private network using block chain software.
3. Select a Baa provider (block chain as a service) and integrate the cloud service into the application. Amazon, Azure and Microsoft offer BaaS products.
4. Build your own block chain network on the platform most suitable for you.

Step 4: Select the stage
If you need to select a platform for your block chain project, see: • Ethereum - The most popular platform that allows you to develop block chain and create your own ecosystem with a language called Solidity. You can also create smart contracts with Ethereum.
• Hyperledger - Farbik's platform for DAP. If you need a business data exchange tool in your own company, Hyperledger is great for you. To build applications on this platform, you will need a team of Go, Java and JavaScript block chain developers.
• R3 Corday - a platform that focuses mostly on trade, healthcare, trade finance and supply chains. Corday is a platform for creating permitted block chains, and the best thing about it is that you can easily integrate it into legacy systems.
• Lehar - This is a great platform for anyone planning to make a financial instrument. Ripple allows you to easily send money anywhere on the planet and connect with banks and payment providers. Wave wave.

Step 5: Start the development process
The DApp development process will look different based on several aspects:
• What language and platform do you choose for your project
• Interaction and transaction strategy among all nodes
• Your consensus system

The development process will also depend on whether you join the existing block chain, use BAAS or create your own block chain.

final thoughts

Block chain is a powerful technology and although everyone is constantly discussing it, some companies have integrated block chain into their products. You have a chance to enter this unsaturated niche with your own block chain product or integrate block chain to support your existing product.

Decentralized applications are safer than any other type of application; They provide fast international transactions, offer transparent storage, and ensure that data cannot be altered. Block chain technology is still evolving and can be used in many ways within new and existing businesses.
If you want to build a block chain application, please feel free to contact us. At Development Industries we can help you create DAP, consider your business strategy and also estimate the cost of developing block chain applications.

Be the first person to like this.