According to Statista, there are 6.6 billion smartphone mobile network subscribers and 1.14 billion tablet users in 2022. This equates to nearly 8 billion app users worldwide. Also in the same year, there are 1.96 million and 2.87 million apps that can be downloaded from the Apple App Store and Google Play Store, respectively.
But it can be tedious to work on developing an app for a company, especially when there is a huge amount of data that needs robust security features. Statistics prove so, as according to research group Toptal who surveyed over 500 app developers, the average time to develop an app is 16 weeks or four months.
There is so much labor, money and time allotted in these four months that could have been used for other purposes. With this in mind, blockchain-based digital sovereignty firm VX Technologies makes it possible to shave months off of the timeline for app development. Enter AlphaDAPP, the firm's flagship platform that was publicly released at the London Blockchain Conference (LBC).
The LBC was held at the Queen Elizabeth II Centre from May 31 to June 2. Among a list of blockchain-based solutions, AlphaDAPP was one of the premiere apps introduced by VX Technologies' President Justin Pauly. He boldly claims that, with simply a dataset at hand, AlphaDAPP can create all the necessary parts of an application within minutes.
“Before it was six to eight months of development before something [an application] to be brought to you. Nonsense. We can do that in eighteen minutes. If you have a dataset ready, we can make an application with you. We can understand what the controls mean, what this toggle means for compliance, for your terms of service, all of those things—easily hashed out inside of the AlphaDAPP application,” Pauly explained.
AlphaDAPP can live up to its claim of cutting development from months to minutes due to its pre-built components that developers can use to build their decentralized applications (DApps). This means that developers do not have to start from scratch when building a DApp, which can save them a significant amount of time.
These pre-built components include user interfaces, smart contracts and data storages. Developers do not have to write all the code for these components from scratch. AlphaDAPP also provides its user base a ready-made framework for connecting these components together. This framework does not only make it easy to create DApps, but it also makes them easy to maintain.
“So, [AlphaDAPP] is very dynamic because we didn't build a program that where you have to figure out how to use it. The program evolves around what you are already using, and that is the clearest part of what we can do,” Pauly emphasized.
Enterprise solutions, more often than not, deal with a tremendous load of information that needs to be secured and stored lag-free. Because AlphaDAPP uses blockchain technology to store the code and data for DAPPs, immutability, traceability and verifiability are ensured.
Blockchain utilizes a distributed ledger technology (DLT), which means that a hash of the master copy of all data is distributed across all nodes or miners on the network. Hence, no data will be lost if ever a node breaks down or crashes because the data stored on that node is also kept in all other nodes.
Because AlpaDAPP is built on the BSV Blockchain, which is a public blockchain, transparency of data is also guaranteed. What this means is that anyone can view and check the chronological history of records. This makes all data entries easily traceable and trackable.
“So, when we put data on-chain through AlphaDAPP, were allowing a corporation to start an audit trail right there. It is amazing when you have to put your name, you have to sign it, and it cannot be altered late—how clear and crisp your data becomes,” said Pauly.
From shaving off months in the app development timeline to ensuring data integrity, AlphaDAPP guarantees that company resources
will be saved. With blockchain solutions that are not industry-specific—meaning it can be applied to digital systems across many different industries—ushering in the next technological revolution will not be so far ahead.