Latest enterprise blockchain News

If blockchain apps are to enter mainstream organizations, they need to be available, scalable, and easy to use to guarantee wide adoption across enterprises. To be productive and help them to work more quickly, workers prefer processes and procedures that are simple, streamlined, and seamless in use. But, to many decision-makers considering which platform to build their new app, the blockchain seems to add a layer of complexity to business operations across the industry sectors. However, with careful planning and design, your workforce can take advantage of safe and secure scalable apps which have been created on the BSV blockchain without impacting the productivity of the workforce. Successful enterprise Line of Business (LoB) apps should be carefully customized to work for your specific business, considering the complexity needed to perform your business-critical operations. Ensuring that your business application is secure and well-managed will enable your workforce to focus on the specific task that the app is designed to do and enable them to improve performance benchmarks. But there is a potential snag with using blockchain-based apps for users. When a transaction is placed into a block ready to be published on-chain, each transaction that is placed onto the blockchain incurs a cost. And these costs for some blockchains could be prohibitive in a fast-moving business with hundreds of thousands of transactions. However, when a transaction is placed on to the BSV blockchain, this cost is a fraction of a cent, but the cost still must be carried to make the app work. So, by abstracting the cost of each transaction away from the end-user and placing this payment function in a different part of the app, being hidden from the users is paramount. Day-to-day workers are not bothered about the cost of storing data in the cloud, and indeed, cloud solution providers like Amazon Web Services and Microsoft Azure make allowance for the cost of placing data onto the cloud by charging users a monthly subscription to use the service. And enterprise licensing solutions take care of managing the cost per month for each employee who uses the service. Blockchain also charges its users to use its storage service. However, it charges each time a transaction is made. But ordinary workers do not want the complexity of managing transaction costs for each action they take. Authentication should be seamless, and costs should be centralized and managed by the finance department for each iteration of the app. Centralizing these costs through an abstraction layer removes the need for workers to get involved with day-to-day transactions so they can get on with doing their jobs. In a well-written LoB app, all costs incurred can be recorded and centralized so that the finance team knows which cost center uses the blockchain app the most, and which specific cost center is struggling with the process. Centralizing costs is vital for both governance and management—no matter what type or size of organization. Data on the BSV blockchain maintains its integrity by being stored on multiple copies of the blockchain stored on distributed nodes. Having an immutable, tamper-proof ledger demonstrates that the organization is complying with regulatory mandates and reporting for governance purposes. The back-end machinations of enterprise apps are of little interest to end-users who want a simple way to work. They do not care what is happening in the background when they work. They want to make sure that their app works whenever it is needed. They want no single point of failure, and demand that the service is safe and reliable. When developing a blockchain-based business app, the planning team should consider the following: The development team should completely understand the solution and why they need to build this app. Apps should deliver a seamless user experience and should be frictionless if possible, enabling the end-user to streamline their work. Unnecessary steps to place the transaction onto the blockchain should be eliminated. End-users should be consulted at all stages of the design. The design should not be a UX designer's dream, but a user’s nightmare. The app lifecycle should be considered, and updates planned in a structured timeframe. Adding an abstraction layer in the middleware of the app design will ensure that the end-user experience is good, the workers have an efficient product that works as required, and the finance department can centrally manage and capture costs. Building abstraction layers for the BSV blockchain means that blockchain-based apps can become ubiquitous across businesses that want to scale their operations. Watch the BSV Global Blockchain Convention Dubai 2022 Day 1 here: https://www.youtube.com/watch?vggbZ8YedpBE Watch the BSV Global Blockchain Convention Dubai 2022 Day 2 here: https://www.youtube.com/watch?vRzJsCRb6zt8 Watch the BSV Global Blockchain Convention Dubai 2022 Day 3 here: https://www.youtube.com/watch?vRzSCrXf1Ywc

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