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Friday

Blockchain In Mobile Application Market [Infographic]

Posted By: Arin Dey - November 15, 2019
Blockchain technology has gained huge popularity in very less span and people started terming it as one of the most reliable and secure technologies developed in this century. Blockchain not only does it supports a wide range of functionality and applications, but it also offers the impenetrable security and automation which made this technology to sit on the top. Considering these factors, we can say that this technology has the potential to serve in complicated industries such as mobile app development. To get a detailed understanding of how blockchain will help in developing mobile applications, we first need to know the advantages that it can bring to mobile app development.

Blockchain In Mobile Application Market

App approval
At present, there are two major app providing platforms available for the users and developers, Google play store and Apple’s App Store, and these two platforms have the authority to make their own choice regarding the approval of apps on their platform. Though the approval process is unpredictable, undisclosed, and complicated, and in several other scenarios these providers act completely unfair to newer developers. With the implementation of blockchain, apps would be verified and approved using a genuine developer eminence system and also by considering the ratings given by users. This keeps both app developers and users on side of profits.

No Middlemen
One of the most popular features of blockchain is its decentralized nature. When transactions processed they are recorded, and no single institution or organization owns the record. All related parties have access to the data and see accurately when and how a payment or transfer was processed.
This data is not stored at a single location, it is distributed across several computers, or nodes, across different locations which makes it less vulnerable to manipulations or hacking. The allocated, decentralized nature reduces the need for an intermediary middleman to transfer apps between developers and users.

Blockchain will solve in-app purchase issues
Even though smartphones are widely used in this generation, there are still so many users who lack the means to conduct an in-app purchases as they don’t have access to payment methods like e.g. credit cards. Even if a user has a credit card with him, this whole payment process is subject to the huge possibilities of fraud because to make a transaction users has to go through the app store charges, gateway charges, card-processing charges, and bank transfer charges. Because of so many steps involved in a payment, a developer will only get a share of 70% from the amount paid for the app. With the help of blockchain, apps reward coins will be used to make payment to the app store, and a whopping 85% share would then go to the developer.

Transparency
If transparency is absent in transactions, it becomes complicated for any app developer to implement a duty correctly and thus fulfill the idea. As we know blockchain is an open-source network and people consider it as genuine means to get access for everyone who is present in the network. They can swiftly and effectively find the record of all its transactions, private and financial information, and data in real-time.

Data Security
The primary advantage of the path breaking blockchain technology is that it keeps the applications in a secured and safe manner. Blockchain uses the most advanced cryptography. And the concept of this
technology is to design app in a way that it has the potential to offer the highest level of safety with the strengthened encryption.

Blockchain In Mobile Application Market [Infograhic]

By seeing the above mentioned points, we can come to a conclusion that the execution of the blockchain technology in mobile application development will have tremendous advantages. To give you detailed knowledge of “Blockchain In Mobile Application Market”.

Source: AC Market.Biz

Thursday

How Does Startup Funding Work [Infographic]

Posted By: Arin Dey - November 14, 2019
Funding a startup can be a frustrating, time-consuming process. If this is your first time funding a business, don’t worry. We’ll break down every step of the process and how it impacts your ownership. The first thing to understand about funding is that is not done all at once. There are multiple rounds of funding that occur as the business grows.

How Does Startup Funding Work [Infographic]

In the beginning stages, funding will typically come from your savings, loans, and family members. You should create a pitch deck, demonstrate an understanding of the market, and use this as an opportunity to show you have the skills necessary to run a business.

After you’ve honed your pitch, you should consider bringing on a co-founder. This can be someone to bounce your ideas off, or even someone that compliments your skillset. Keep in mind that startups with two co-founders raise 30% more than startups with only one.

The next stage is known as pre-seed funding. This is when you present your fine-tuned pitch to family and friends, and potential angel investors. Keep your expectations in check, funding for this round typically doesn’t exceed a million dollars. However, this money will be critical to the success of your company, allowing you to hire your first employees or even secure an office to work out of.

Up next is the seed round. $1.7 million is the typical amount raised during this phase. This is the stage where venture capitalist funds and accelerators start to show interest in your company. However, depending on the source of funding, you may give up 10-25% of equity during this stage.

Investments in the Series A - C rounds will be range from $10 to $25 million, but will in turn require you to give up more equity of your company.

The final stage is known as an initial public offering (IPO). Up until this round of funding, he shares of the company are privately held, and can’t be offered to the public. Through an IPO, the previously private shares can now be sold to the public. This allows investors to liquidate their shares if they choose, and allows the company to raise even more money. Once a company goes public, the value of the company switches from an investor’s valuation to the trust and judgement of the public at large. Everything is summarized about startup funding in the infographic below.

How Does Startup Funding Work [Infographic]

Source: Fundera

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