Though the hype surrounding cryptocurrency has subsided, interest in blockchain has not. The blockchain market is expected to grow from 4.9 billion in 2021 to 69.04 billion in 2027, at a CAGR of over 56%. Let’s discuss the crucial steps of blockchain app development.
Step 1: Determine whether or not you require blockchain
Before launching a blockchain application, consider whether it will benefit your business.
Step 2: Recognize the advantages of implementing blockchain
You’re probably wondering how to create a blockchain app and use it to your advantage. The most apparent benefits of integrating your solution with a decentralized ledger.
- security
- transparency
- traceability
- cost-efficiency
- speed
- privacy
- integrity
Step 3: Identify the industry for blockchain app development
Over 3,5459 decentralized applications are now active, according to the State of the dApps. These apps are distributed in various industries, including gaming, finance, health, security, insurance, real estate, supply chain, retail, copyright & intellectual property, internet of things (IoT), internet identity and DNS, and so on.
Step 4: Develop an app concept
Before selecting how to technically create a blockchain application, you must first recognize the issue it will solve.
For instance, if you work with cryptocurrencies, create a mobile cryptocurrency wallet, an exchange app, or a crypto signaling solution.
The same is true for other industries and their unique problems. The first step in blockchain application development should always be problem identification and brainstorming solutions with a decentralized app.
Step 5: Choose a blockchain development tech stack
You must decide on the technology stack for your future solution. The last list of technologies directly relates to your app concept and how you intend to build it.
For example, if you want to build a public application with smart contracts, you must use Ethereum.
Step 6: Start blockchain application development
Most businesses divide the software development process into two major stages.
- Discovery stage
The blockchain development vendor will identify your needs and business requirements during the discovery stage (also known as the pre-development stage). The primary goal of this stage is to develop a comprehensive understanding of your project and all requirements.
- Development stage
The code base for an application is created during this stage. Experts, such as front-end and back-end developers, QA engineers, Software Architects, and Project Managers, are typically involved in development.
You usually begin with the most basic version of your app. This way, you can test your app idea without investing heavily in development. The primary goal of MVP (Minimum Viable Product) development is to reduce risks, mainly if you are working with blockchain and some unique features that no one has built before.
You can complete product development after successfully testing your idea.
Step 7: Deployment & release
When the app’s code is complete, it must be deployed to the leading network and released to the market. You must submit your app to Google Play and the App Store regarding mobile app development. Suppose you decide to work with a software development company. In that case, they will usually be able to assist you in submitting the app to an app store and completing all the procedures.
However, development does not end once the app is released to the public. Your solution will require ongoing development and support for smooth operation and peak performance.
Step 8: Marketing & promotion
You now understand how to create a blockchain app from the ground up. However, development is only one aspect of the work you must do. One of your primary responsibilities is to attract and keep users. Companies typically develop marketing strategies and begin promotion while their solution is still being developed.
Among the viable marketing strategies are:
- Paid ads
- Content marketing and SEO
- Social media marketing
- Email marketing
- Influencer marketing
- Participation in events
The goal is to raise awareness of your application among potential customers. Remember to analyze the results, identify the most promising promotion channels, and always listen to customer feedback for the most valuable insights into what your target audience needs and expects from your app.
Conclusion
Now you know the crucial steps of blockchain app development to make it successful. If you need or want advice on blockchain development services, contact SmartOSC.
If you need end-to-end solutions and advices from experts, look no further. SmartOSC can provide you with the best dApp solution and scalable resources!
Contact us if you have any queries about Blockchain development services, dApps development, NFT marketplace development, Crypto wallet development, Smart contracts development.
