How Blockchain Manages Data?

Introduction:

Blockchain technology is nowadays snatching the attention of every digital and print media. With the increasing popularity of cryptocurrencies, the technology behind them is also attracting the tech-savvy world. Though blockchain was initially invented to develop bitcoin, its immense usability in other aspects is now attracting several industries, from healthcare to fintech. 

Nowadays, data is the most valuable asset. Technology experts and data scientists have observed that one of the most viable usages of blockchain is in the data management sector. And the most exciting aspect is how blockchain helps make data management more secure and efficient. Let’s have a look.

What is blockchain?

Blockchain is not as easy as it sounds. But in a simplified form, we can explain blockchain as a distributed and decentralized ledger or register where all the transactional records are stored in a structured format in a database. Blockchain is an amalgamation of two words, “Block” and “Chain.” “Block” represents the transactional records or data, and “Chain”- which is a combination of database networks connected through peer-to-peer nodes. It is a highly secured “digital ledger,” unalterable, and can be shared within the network like we use Google Docs. Anybody in the network can see and modify it, but all the activities are tracked in real-time.

In the blockchain, it is vital to understand that you cannot transfer the data but rather distribute the information among all the interconnected devices, also known as nodes. That’s why blockchain has a permanent record of every transaction and information, making it the most secure data management platform.

Why use blockchain for data storage?

The current problem:

The traditional data storing concept is mainly concentrated on cloud storage. There are some advantages to using the cloud for storing massive amounts of data. But it also brings several problems for users in the data management which are

Low security: The major disadvantage of the current data management system is that all the information is located on a centralized platform. This increases the risk of data vulnerability. 

Mutability: Another drawback is during the transaction, the data is not encrypted, which makes it easier for hackers to tamper with the data. 

Unclear Traceability and Authenticity: The current cloud system cannot offer any robust process to trace the source of the breach. It always raises the question of the authenticity of the data.

With the use of blockchain:

  • The data is stored in a decentralized manner where every involved party can control the data. 
  • Blockchain offers transparency of the data, which is visible to everybody.
  • Blockchain provides tamper-evidence of the data. When a datasheet or information is changed, the blockchain captures each and every transaction, which you cannot delete.

How is data stored in a blockchain?

Data storing in the blockchain system takes place by using decentralization and cryptographic hashing. Blocks are the units or primary building components of a blockchain. Putting one block upon another generates a chain of blocks containing a data link system. Let’s have a step-by-step look.

Step-1: let’s assume that the blockchain is a wall of bricks and the starting brick on the base is the initial block for the blockchain.

Step-2: The next block stores the information about the unique hash of the previous block.

Step-3: The block stores the data and information inside it, and a hash is generated for the unique data.

Step-4: Likewise, every block preserves unique data, and therefore, a different hash is generated for every block.

Step-5: Now, if any change occurs in any data, it triggers a change in the hash key of that block. This changed hash key now cannot be fitted with the next block of the chain, and therefore, consecutive change in the data of the next block is required. 

Step-6: This function triggers a simultaneous change in every block of the chain, which ultimately restricts the overall tampering of the information in the blockchain.

Benefits of blockchain for data management:

Protection of critical data: 

With the advent of digital revolution, the number of cybercrimes has also drastically increased across the globe. And there is a good reason for everyone to be worried about the exploitation of their personal data. According to the Cybercrime Magazine, by 2025, cybercrime will cost $10.5 trillion per year worldwide. Hackers are not only targeting the giant organizations, but also MSMEs are getting affected by cyber-attacks. 

Stringent security measures like implementing blockchain technology can provide considerable security to the data at every level. Though it is not full proof, the chances of data breach can be reduced significantly.

Data quality:

As we are moving into a data-driven world, which is more important is the quality of data. Every organization analyzes a giant pile of data for their business growth. And if the study is done on poor quality data, it may lead to destruction. 

In the blockchain network, every piece of data is analyzed and cross-checked thoroughly before adding it to the next block. This extra layer of scrutiny ensures that the information must have superior quality or the data get rectified before passing on to the following receiver block. Gartner says that organizations will have 50% more high-quality data in their system through blockchain smart contracts.

Data Traceability and transparency:

Traceability and data transparency are now essential for every industry to grow in the competitive market. In Healthcare, food, manufacturing, pharmaceuticals, and the supply chain, every industry is struggling to get complete visibility of the data and track it on a real-time basis. To meet the high customer expectation of minimum lead time, organizations are now able to improve their efficiency by implementing blockchain in their system. Through blockchain in the supply chain, all the stakeholders can securely access the shared ledger data without any fear of tampering.  

Critical data Sharing:

Data sharing without fear of losing or tampering is a tough job. The legacy systems do not provide this facility, and here comes the blockchain application. Through its decentralized nature, blockchain allows to share information to every party involved. Interestingly, by its inherent nature, everybody with a permission can see it but cannot alter it, making it more trustworthy.

The Bottom Line:

Recognizing the exceptional benefit of blockchain technology in data management, organizations are adopting it very fast. With the increase in internet usage, the chances of a data breach will also shoot up. Before it is too late, it is vital for businesses like you to implement this most advanced, highly secured, and efficient technology.

To know more about iView Labs, kindly log on to our website www.iviewlabs.com and to get in touch with us with your queries and needs just write us an email on info@iviewlabs.com and sales@iviewlabs.comDownload the latest portfolio to see our work.

What is the Role of Technology in Healthcare?

Healthcare is a sector where there is great scope for technological innovation. Due to its essential nature, the healthcare industry is only going to grow, and the demand for technological solutions to refine healthcare systems and processes is only going to expand. In addition, new and exciting developments in fields like communications, data analysis, biotechnology, blockchain etc., can help hospitals and doctors provide the best and most efficient solutions to patients.

In this article, we’ll be discussing some of the emerging trends related to the role of technology in healthcare. 

Big Data Analysis

Due to the extensive increase in the need for medical facilities in recent days, integration of big data analysis in the healthcare industry has become very important. 

Due to extensive increase in need of medical facilities in recent days, integration of big data analysis in the healthcare industry has become crucial. Some of its applications are:

Efficient hospital staffing: By studying the past and present admission rates, hospitals can estimate the future admission rates. Based on this, they can take decisions as to how many staff to hire and which facilities they should be assigned to.

Error-proof medication: Data analysis systems can flag any errors or inconsistencies in the treatments or medicines assigned to the patient by studying patients’ medical history. This will be a failsafe against mistakes made by the hospital staff.

Preventive care: Again, by analysing patients’ medical history, systems can detect the early symptoms of any medical conditions so doctors can treat them before they reach the serious stage.

Wearable Medical Devices

Wearable medical devices like pacemakers, fitness trackers etc., are a burgeoning part of the healthcare market, and they are expected to form a 27 billion USD market by 2023. Examples of wearable devices are heart rate trackers, calorie trackers, oximeters and fitness trackers. These devices provide medical information about the patient in real-time and can provide advance warning of major health issues. 

Fitness trackers give the patient a sense of responsibility and give them control over their own health. Since they can directly see their activity level, they are encouraged to exercise more to reach some tangible goals. By adding rewards, alerts etc., these trackers “gamify” the fitness process and make it less of a chore for patients.

Virtual Reality Tech

Some doctors are using VR tech to provide relief to patients with chronic pain issues. Since pain is felt in the brain, distracting the brain with VR or other engaging tasks which require a high level of participation and interest from the patient can reduce their pain levels. 

Another application of VR tech is in reducing the anxiety levels of patients who are about to undergo surgery. By distracting the patients through virtual reality, doctors can take their thoughts away from the impending surgery, thereby reducing stress and anxiety levels and improving mental health and wellness.

Apart from helping patients, VR tech can help doctors hone their own skills. For example, doctors can rehearse complicated surgeries in virtual reality and get a better, immersive understanding of the internal arrangement of the human body, including even the smallest organs. 

Blockchain

Blockchain is a major milestone in the field of encryption technology and data security. Keeping the patients’ medical records secure and private is very important for healthcare facilities. This information must also be shared between hospitals when patients are transferred from one facility to another. Blockchain in the healthcare market is estimated to be worth almost 900 million dollars by 2023, showing that hospitals are starting to understand the value of this technology. 

Vendors like BurstIQ and Medicalchain are working to apply blockchain to the healthcare sector. They empower patients to have control over their medical records and are helping hospitals to store, organise and transmit patients’ medical information safely.

Telehealth

Telehealth and online medical consultations have come to the forefront of the healthcare sector due to the restrictions on in-person interactions imposed by the advent of the Covid-19. Even without the pandemic, telehealth comes as a boon to those patients living in remote or rural areas who can’t often travel to the doctor or patients with severe mobility issues (e.g. patients who use wheelchairs or patients suffering from neurodegenerative diseases) who can’t easily leave their houses to visit the doctor. 

Another use case is for patients suffering from contagious illnesses. Despite all the precautions that are taken, there is still the possibility of them spreading the disease. Again, telehealth can be used to treat these patients remotely.

Conclusion

Technology will definitely play an ever-increasing role in healthcare in this new digital age. From empowering people to ensure their fitness, protecting patients’ privacy and medical data, and helping hospitals make more efficient decisions vis a vis staffing and treatment, technological innovations can help doctors and patients in more ways than one.

iView Labs believes in bringing a better version of the healthcare industry at your call, we have a versatile team of developers and consultants to assist you to meet all the innovations you are planning for your healthcare business.

If you are interested in learning more about how to avail of these services, visit www.iviewlabs.com or write to us at sales@iviewlabs.com in case you have any queries. You can download our latest portfolio to get to know us better.

How Estonia is Creating Waves in the Field of Healthcare / How Estonia is teaching the world a lesson in digital health

Estonia has come to be known as a digital-first nation providing its citizens with solutions such as i-voting and e-residency. Furthermore, it has been in the vanguard of digitizing healthcare too. With a population of just 1,328,046, this small EU member is spearheading the digital healthcare phenomenon.

 A favorable place to do business, Estonia welcomes people from all walks of life, due to its agile methods and openness to innovations. It has become the playground for several tech tycoons and healthcare investors. Today, Estonia ranks first in the Digital Health Index with an incredible e-health score of 81.9. It set high standards for Electronic Health Record systems (EHRs) and the rest of the world is anticipated to soon follow suit.

The emergence of Coronavirus was a pivotal phase in Estonia’s Electronic Health Record systems (EHRs) coming to the limelight. While most countries struggled to cope with the outbreak, Estonia’s digital health record systems made it easier for medical practitioners to devote more time to help combat the deadly virus.

Let’s take a closer look at how Estonia is embracing digital life and paving the way for a more comfortable and convenient healthcare system. 

A national database of digital medical records
Almost all of Estonia’s hospitals and doctors have digitized their patient data, allowing citizens to access their medical records with relative ease. There are close to 40 million health documents in the e-Health system. This straightforward procedure has sparked interest, with Denmark and Spain following suit. The EHR system benefits both patients and doctors because it saves time and allows for quick and precise diagnosis.

E-ambulance service at your fingertips

Another advantage of the EHR system in Estonia is the availability of e-ambulance services, which detect the position of the person seeking aid within 30 seconds, resulting in a faster turnaround time for treatment.  It also provides the medical personnel to view the medical records of the patient they are about to save. This enables on-the-spot treatment depending on the person’s previous medical history.

Hassle-free e-prescriptions

Another important digital solution that Estonia has mastered is e-prescription. A warning notice is issued when a doctor recommends a prescription that may interfere with the current medication a patient is taking. The doctor can then recommend a different treatment to avoid side effects or any other potentially dangerous medical scenario. The technology also generates e-prescriptions, allowing patients to obtain re-prescriptions based on the doctor’s recommendations without having to visit the hospital.

EHRs a reality or a pipe dream for India?

In the healthcare sector, India is still developing and needs to speed up the digitization process. Public-Private Partnerships (PPPs) have become a crucial facet of healthcare, and the government is slowly but steadily looking into them to provide its residents with the best-in-class healthcare facilities.

There are various obstacles to overcome on the way to making EHR a reality in India. Here are a few: 

  1. An expensive affair
    Hardware, software, employee training, network fees, and maintenance can all seem a bit pricey in the beginning.
  2. Data leaks
    Indians are still hesitant to share their personal information because they believe that data leakage is a major worry.
  3. Data migration
    Converting data from paper to digital records is a difficult undertaking.
  4. Training of medical personnel
    Doctors will need to devote additional time to learning and adapting to the new system.
  5. Lack of technical guidance
    Another issue that private and small health facilities confront is a lack of in-house technical assistance to ensure that EHR systems work smoothly.

What can India learn? 

For the health record of any individual to be of clinical value, it needs to cover the various staged of life along with every clinical encounter that the person underwent throughout these stages.  It hence becomes critical for the records to be available, in a chronological order to provide a summary of the various healthcare events throughout the life of the patient. 

India is still in the early stages of implementing EHR systems. India can successfully integrate EHR systems in the future if it focuses on the following factors:

The PPP Way:  A higher level of public-private partnership is required to address infrastructure shortcomings in the healthcare delivery system. The commercial sector must be aware of public health issues, as these will have an impact on healthcare’s overall success. The private sector has the ability to bring in massive quantities of money to build world-class healthcare facilities for the general public. Simultaneously, the public sector can provide the necessary subsidies and accessibility. To attain universal health coverage and offer high-quality care at a reasonable cost, PPP employs a high volume, low margin strategy.

Personnel Training: Transitioning from legacy systems to newer ways of keeping records could be challenging in the beginning. Doctors and healthcare personnel must be properly trained in order to be able to leverage the advantages of this system. It may appear time-consuming at first, but in the long term, it will save time and provide a more open and simple manner of dealing with health issues.

Uniformity: In order to ensure health records across systems, organizations and institutions can seamlessly sync with each other, certain homogeneity is required in the way the records are stored. Guidelines have already been established by the Ministry of Health and Family Affairs, keeping in view the suitability and applicability in India. Institutions across the country need to ensure that they comply to these standards to be able to contribute towards the larger objective. 

Security: Maintaining high level of data security to ensure sensitive data of patients is protected is a must. Drawing parallels, there was a lot of resistance to online payments in the beginning, but once the security and privacy concerns are addressed, people have readily accepted digital as a preferred mode of payment. E-HRs will be a similar story. 

The pandemic served as a wake-up call for several countries including India. We are compelled to steer away from the conventional healthcare models to more unconventional ones. E-HR is the next power move promising to uplift the health conditions and healthcare experience of the general populace. From luxury, it needs to become a basic necessity. And to make it a reality, India as a country, needs to learn from many other countries and move at an exponential speed to emerge as a forerunner in the digital healthcare map.

To know more about iView Labs, kindly log on to our website www.iviewlabs.com and to get in touch with us with your queries and needs just write us an email on info@iviewlabs.com and sales@iviewlabs.comDownload the latest portfolio to see our work.

7 Up and Coming Programming Languages To Explore in 2022

Programming languages like JavaScript and Python still rule the software development ecosystem majorly. However, the yearly Stack Overflow surveys have proved time and again that the developer community is open to experimenting with new technologies.

There is always space for new tools to emerge, especially if they make software development easier. And programming languages, being a core development technology, are always evolving and responding to the needs of both the developers as well as the businesses.

Here is a list of 7 programming languages that haven’t begun to be used as widely as the giants like JavaScript but surely hold the potential to be big in the future.

1. Typescript

TypeScript was first introduced in 2012 by Microsoft to deal with shortcomings of JavaScript, especially for large-scale application development. 

TypeScript is a statically typed language. It is a superset of JavaScript and all your JavaScript programs would work just fine with Typescript. Moreover, the code written in the TypeScript programming language converts to JavaScript so it runs anywhere JavaScript runs. 

Because of the integration between TypeScript and all the commonly used code editors, you can now catch errors early on in the development phase which is such a blessing for JavaScript developers. 

TypeScript supports ECMAScript standards with features like classes, modules, and an arrow function syntax. Also, it is open-source so you can use it in Visual Studio Code and alm.tools with plugins and extensions available in all major IDEs.

2. Go

Go (also commonly referred to as Golang) is a programming language developed at Google which is syntactically similar to C. 

Like TypeScript, Go too is statically typed and compiled. It additionally features structural typing, memory safety, and garbage collection. 

A major upside to Go is its support to DevOps and SRE which provides faster build, short syntax, automatic formatting and doc generation. 

You can scale your web apps quickly with enhanced memory performance and support to several IDEs. The best part is that major cloud providers have a strong ecosystem of APIs and tools to get you going with Go.

3. Rust

If you are looking for a language that is super fast and memory-efficient by performance, Rust is the one. It also has no runtime or garbage collector due to which it can power performance-critical services. 

Rust runs on embedded devices and can be easily integrated with other languages. It is syntactically similar to C++ and you can get memory safety by validation tweaks. 

Rust has also been a consistent winner of the “Most Loved Programming Language” by Stack Overflow survey since 2016. Called by some as a Systems Programming Language, Rust has gained popularity among tech giants like Microsoft, Google, Meta, Discord, and Amazon.

4. Dart

One of the more popular languages on this list, Dart is designed by Google for client development. Mostly used for developing native mobile apps (iOS and Android both), it can also be used to develop web apps, desktop applications, and to build a server. 

Dart is specifically super useful for building user interfaces efficiently. One of the most loved features of Dart is Hot Reload. Hot reload provides quick debugging without having the need to reload the entire application every time you make a change. 

Like other object-oriented languages, Dart can compile JavaScript or native code. A single codebase can be used across all platform applications for Android, iOS, Windows, macOS, and the web. Android Studio and Visual Studio Code are the most commonly used IDEs for Dart.

5. Groovy

Groovy is a multi-faceted language for creating Java applications. It is a dynamic language with static capabilities and can be used as a programming language as well as a scripting language. 

Java developers can easily adapt to using Groovy as code written in Java is mostly valid in Groovy. Code written in Groovy is compact and can work with many Java elements. 

Groovy also supports XML and HTML markup languages natively via Document Object Model (DOM) Syntax. Unlike Java, you can execute Groovy source files as a script. 

Similar to Python and Ruby, Groovy script is parsed, compiled, and generated before execution. It is used by popular organizations like Netflix, MasterCard, Sony, Linkedin, etc.

6. R

R was developed by statisticians as an open-source implementation of the S language. R is mostly used for data mining, data analysis, and statistical software development. It has a command-line interface and for various different operating systems, it provides pre-compiled executables. 

There are graphical user interfaces such as RStudio and notebook interface Jupyter made available by a third party. With built-in support for graphics and data modeling, it can generate and plot linear models with residuals. 

R users can define their own functions, as R is specifically designed for that as a ‘true computer language.’

7. Crystal

With a highly resembling syntax to Ruby, Crystal is a compiled language that uses static type-checking without generally having to specify types of variables or methods. 

It is being actively developed and is released as open-source and free for all under Apache License version 2.0. 

Crystal was created keeping in mind the greatness of Ruby in addition to efficiency, speed, and type safety. Crystal provides automated garbage collection and also supports method and operator overloading. 

Interestingly, Crystal can be used to create blockchains because of how efficient yet user-friendly it is. It is as fast as C and slick as Ruby which, being an object-oriented language, is very impressive.

The Bottom Line

Like any other technology, the above programming languages are not the absolute best in themselves. There are certain advantages and disadvantages to using them. And so, whether you should use them in your next project or not depends on a strong understanding of your project needs and the features of these languages.

Need guidance on which programming language is right for your project? We are right here to help you. iView Labs is a team of experienced consultants and developers who specialize in choosing the right technology stack for both web and mobile app development.
Just let us know a little bit about your project requirements. We will study them, put together the right tech stack, and help you with the development roadmap. Schedule a free consultation call with our experts here.

To know more about iView Labs, kindly log on to our website www.iviewlabs.com and to get in touch with us with your queries and needs just write us an email on info@iviewlabs.com and sales@iviewlabs.comDownload the latest portfolio to see our work.

From Traditional to On-Demand: How IoT automation can help convert your legacy manufacturing business into a new-age venture

This is the story of how a 128-year-old company utilised machine learning and cloud technology to revolutionise an age-old product.

For The Hershey Company, popularly known simply as Hershey’s, nothing could be sweeter than well-adopted automation. In fact, being one of the world’s leading chocolate manufacturers meant that adopting the latest technologies and automating processes was a necessity to improving unit economics and maximising benefits.  

When we think about terms such as AI, IoT, cloud computing or machine learning, we tend to generally only consider modern-day startups or software companies. This misconception that automation is limited to these organisations often leads to the downfall of many legacy enterprises. As we venture deeper into a world governed by automation, the incorporation of technological advancements has become imperative for every organisation looking to succeed and remain competitive in the on-demand economy. Here, we take a closer look at Hershey’s and how automation changed the way Twizzlers are made.      

An Unsavoury Issue

The Hershey Company was facing a distasteful conundrum; the company responsible for some of the world’s favourite treats was having a difficult time maintaining a steady production of Twizzlers. As the red candy poured from a giant vat through an extruder, the amount of licorice produced would often leave the manufacturers perplexed due to the sheer inconsistency of the amount. 

If the machine ran too cold, the amount of Twizzlers would not be enough; but if the machine ran too hot, which it often did, licorice at a rate of 100 extra grams per minute would be churned out. This meant Hershey’s had to regularly hand out free candy just to clear inventories. Now, I know that this sounds like a dream come true for us chocolate lovers, but the overproduction of tonnes of candy meant massive losses for the organisation. With manual monitoring proving highly insufficient, the next logical step for Hershey’s to take was automation.      

Automation to the Rescue 

“We were able to utilise the precooked algorithms inside of Azure to wire up all of the machine learning. We literally were able to build this without a data scientist.” 

– George S. Lenhart III, Senior Manager of IS Disruptive Solutions and IoT, The Hershey Company

To solve the complication of an inconsistent production of Twizzlers, Hershey’s implemented IoT and cloud infrastructures to optimise the entire process. Multiple sensors were placed across the vat machine and extruder to detect and regulate any temperature changes that altered production. The goal was to accurately predict the weight of licorice that would be produced without actually having to stop the machine and manually weigh the product. 

Microsoft Azure’s ML algorithms were utilised to provide the manufacturing machines with autonomous control over altering the machine’s temperature. This level of automation meant that the extruder would be adjusted roughly 240 times a day to maintain temperatures, all without the need for human interventions. The numbers behind this solution were staggering; every 1% adjustment to bring down the size of a Twizzler to the precise weight in a 14,000-gallon batch would result in a savings upward of $500,000.     

The Bigger Picture: Entering the New-Age

The Twizzler success story symbolised an entrance into a new-age for The Hershey Company, a legacy business that had been producing chocolates without sophisticated automation for well over a century. The implementation of modern technological advancements and automation in the production of this single candy resulted in massive economic and environmental benefits. 

Becoming a new-age venture means moving past old machines and methods and adopting what the world of today has to offer. As we enter an era of on-demand services, customer needs and expectations are continually changing. The next stage of automation revolves around this trend of real-time insights and prompt data-driven decisions. 

With the global pandemic changing the way businesses operate, automation can massively help enterprises sustain and even thrive in the face of uncertainty. Hershey’s successfully navigated the pandemic by implementing automation across the supply chain, creating an agile environment that blossomed under pressure. Not only did Hershey’s maintain sales, it managed to make profits as chocolates became comfort food for people during the pandemic. By automating production and successfully mobilising their fleet, Hershey’s leaned into e-commerce and satisfied work-from-home trends.

Similar to the way Hershey’s embraced technological advancements, enterprises looking to modernise and optimise their processes can automate their way to success. With that being said, it is important to realise that automation is not limited to large enterprises. State-of-the-art tools and cloud platforms are readily available for any organisation looking to enter this new age. Automation is clearly the modern route to prosperity, turning age-old businesses into the enterprises of tomorrow.

Here are the references: 

https://www.techrepublic.com/article/how-hershey-used-the-cloud-to-deploy-iot-and-machine-learning-without-a-data-scientist/

https://www.channelfutures.com/cloud-2/how-to-transform-a-legacy-business-into-a-digital-age-superstar

https://www.uschamber.com/co/good-company/the-leap/hersheys-pandemic-growth

https://www.altexsoft.com/whitepapers/legacy-system-modernization-how-to-transform-the-enterprise-for-digital-future/

https://www.thehersheycompany.com/en_us/home/newsroom/blog/how-were-keeping-up-with-quarantinebaking-demand-as-the-country-cocoons.html

https://www.fooddive.com/news/hershey-leverages-ai-to-make-the-perfect-twizzler/444100/

To know more about iView Labs, kindly log on to our website www.iviewlabs.com and to get in touch with us with your queries and needs just write us an email on info@iviewlabs.com and sales@iviewlabs.comDownload the latest portfolio to see our work.

Blockchain: Finally, Life Begins Outside Cryptocurrency

Until a couple of years back, the terms ‘cryptocurrency’ and ‘blockchain’ commonly appeared together in the same bracket, at least amongst people who are not very familiar with the technology. But as tech companies became more aware of blockchain’s versatility, it became clear that cryptocurrency is one of the many subsets of this disruptive technology. Soon, the hype around blockchain gathered momentum and led to the emergence of several best-case uses of the technology other than cryptocurrency. 

At present, blockchain has become a buzzword in not just high tech but any industry that leverages software for data management.

Let’s take a closer look at what blockchain exactly is and how its applications have moved far beyond cryptocurrency.

What exactly is blockchain? 

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Blockchain (sometimes referred to as Distributed Ledger Technology) is a decentralized database of digital assets. It is a distributed ledger that stores and records the history of a digital asset (data) by using decentralization and cryptographic hashing. To put it in simpler words, blockchain is a shared database consisting of blocks of data chained together sequentially as the single-source-of-truth for the information. 

Blockchain is composed of three important concepts: blocks, miners, and nodes. Blocks are chunks of data tied together in an irreversible chain. Miners play the role of adding new blocks on the chain. And nodes are any electronic device with shared access to the blockchain, keeping the network functioning. 

It is important to note that in blockchain the data is not transferred from one user to another. Instead, it is distributed among all the nodes (devices), thereby creating an immutable record of a digital asset. This decentralization of data creates a secured transparent system where all the parties involved get full real-time access to the data. 

Blockchain applications and use cases beyond cryptocurrency

The popularity of cryptocurrency pushed blockchain to become one of the most coveted technologies. Today, blockchain has expanded its roots into various commercial domains and its applications are only multiplying by the day. 

Statista reports that the global blockchain market is expected to reach a whopping $39 billion by 2025. As of 2020, it’s the finance sector that leads the way, accounting for 60% of blockchain’s global market value. However, other industries are rapidly catching up in employing blockchain to reap its benefits. One such example is that of the manufacturing sector which accounts for 17.6% of the share. 

While the list of different blockchain applications is a ‘blockchain’ in itself, we’ll take a look at its major large-scale applications below.

Blockchain in FinTech: Cross-border transactions and trade finance

Providing frictionless cross-border transactions is an increasingly common application of blockchain in the financial services industry. 

The advanced security and transparency in blockchain make it possible for users to transfer funds globally without having to rely on intermediaries too much. Ripple is a great example of how a company can leverage blockchain to offer a decentralized infrastructure for instant cross-border payments.

Blockchain is also exceptionally useful to reduce the risks of fraudulent activities in the trade finance ecosystem. By enabling transparent governance and reducing the complexities involved in the transactions, blockchain unlocks new opportunities for both the banks as well as the customers. 

IBM has already rolled out a blockchain-based trade finance solution that has been helping banks not only automate approval processes and trading cycles but also extend services to smaller businesses that are new to the market.

Blockchain in Healthcare: Patient data management and security

Because of the decentralized and immutable storage of data in blockchain technology, any patient data recorded on it becomes impossible to hack. Moreover, transparency in blockchain also ensures that any changes in the data are always visible and trackable. Thus, blockchain in healthcare can ensure nobody tampers with patient data.

Companies like BurstIQ and Medicalchain offer blockchain-based solutions that not only empower patients to have complete control over their medical data but also help healthcare organizations to securely store, manage, and share patients’ medical information.

Blockchain in Public Sector: Ensuring legitimate voting

Among the wide applications of blockchain in the public sector, the most notable one is its use for fair elections. Illegitimate voting, counting errors, and vote tampering are common issues that many major democracies in the world currently face.

A blockchain-based voting mechanism can eliminate all of these issues by ensuring authentic voter registration, secure record-keeping of the votes, and accurate counting free from any human errors. FollowMyVote, a blockchain voting startup, has created an incredible solution that can aid the US to conduct fair elections. Citizens can simply install the software on their device, register an account by identity verification, and cast their vote. Once they have cast the vote, they can also verify that their vote has been recorded as intended.

Considering the potential benefits of blockchain technology, it’s likely going to be used for building the fundamental voting infrastructure in the future.

Blockchain in Supply Chain Management: Transparency and traceability

Traditionally, supply chains employ paper-based data systems to keep track of and trace all the product inventory and transactions. But the scattered nature of such data makes information sharing a lot more complex and inefficient among its stakeholders. This lack of transparency and traceability eventually raises issues like visibility gaps, counterfeiting, and compliance violations. 

Blockchain-based supply chain solutions offer a unified view of the data while also allowing the stakeholders to discreetly verify transactions. The technology can be used to design applications that immutably and cryptographically record all transactions in a supply chain. In essence, all the parties involved can access required information on a shared ledger where no single party is the owner, thus bridging the transparency and traceability gap. 

With blockchain integration, supply chain companies can record production updates with utmost data visibility. Since all the data on a blockchain system is updated in real-time, companies can also track production status and location at any given time, and share the data with customers for product authenticity. 

Blockchain in Cybersecurity: Identity management

The IoT technology has revolutionized how businesses and the teams within communicate with each other. But as the number of users (and devices) grows, IT departments often struggle with user authentication and providing shared access to critical business applications. This calls for an identity management system that’s both trustworthy and liable. 

Blockchain enables IT departments to develop sophisticated identity management systems based on decentralized identifiers. Meaning, digital IDs can be created for users as well as endpoints which are then secured owing to the reliability of private/public-key cryptography. While the private key facilitates data decryption, the public key can be freely distributed for user or device authentication. 

Additionally, the immutable nature of blockchain technology makes these systems highly secure as all the data is tamper-proof. Also, decentralization of data allows users to get ownership of their identity and transfer it as they desire.

The Bottom Line

The advent of cryptocurrency introduced blockchain as a game-changing technology. However, the technology caught the eye of investors outside the purview of the finance sector and quickly grew in popularity. Recognizing its extraordinary benefits, brands across all walks of commerce are now investing heavily into blockchain in a bid to improve and secure their businesses worldwide. 
If you are a business that wants to explore the viability of blockchain for a specific use case, our tech specialists are happy to offer you a free consultation. Just let us know your concerns here and we will help you understand how to make the most of this brilliant technology for your business efficiency.

To know more about iView Labs, kindly log on to our website www.iviewlabs.com and to get in touch with us with your queries and needs just write us an email on info@iviewlabs.com and sales@iviewlabs.comDownload the latest portfolio to see our work.

Rapid Application Development: Low Code/No Code (LCNC) Will Continue To Flourish

Low code/no code development refers to a software development approach that requires minimal or no coding to create a piece of software. With visual workflows and drag-and-drop features, low code/no code platforms have revolutionized the way companies and developers build software. 

What exactly are these platforms? How are they helping businesses leverage software more efficiently? Are they going to stay or vanish in the future? Let’s explore answers to these questions in this blog. 

Low code vs no code development platforms

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A low code development platform is a set of tools that enables software development with little manual coding. A no code development platform is one that creates software with no coding requirements. Often, both low code and no code development solutions are packaged in the same platform.

However, there are some platforms that are truly no code and some that absolutely do require a bit of manual coding. The main distinction then lies in the target user of these platforms.

Low code development platforms are intended for personnel with some programming expertise. No code development platforms are intended for users with no programming background who need limited functionality in their software. Because no code platforms come with a complete package of only pre-built components, they stifle customization capabilities. Therefore, most businesses opt for low code development platforms.

Examples of popular low code development platforms include Microsoft PowerApps, Salesforce Lightning, and Zoho Creator. While tools like Webflow, Appy Pie, and Bubble are commonly used by non-IT personnel for no code development.

Low code/no code development is on the rise

The low code/no code development approach has been around for a while. However, with the emergence of COVID-19 and the large dispersal of organizations thereof, a lot of businesses attempted quicker digital transformation using the low code/no code technologies.

A KPMG survey across Global 2000 organizations revealed that after the emergence of the pandemic, over 26% of executives considered low code/no code as their most important automation investment. Prior to the pandemic, only 10% of businesses considered investing in low code/no code development.

Considering how low code/no code platforms accelerate the process of application development and delivery, it is no surprise that the market for these platforms is rapidly increasing. According to Statista, as of 2020, the global market for low code platforms generated revenue of 12.85 billion US dollars. With a CAGR of over 26%, it is estimated to cross 65 billion US dollars in 2027.

Why are businesses investing in low code/no code development?

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It removes the barrier to entry into the market by reducing development costs

Traditional software development is both a time-consuming and a resource-intensive affair. It requires businesses to hire a specialized team of experts in design, development, and testing. The hired team then works together for months to deliver a piece of software. Therefore, only established businesses with access to a lot of capital could build software.

However, with the rise of low code/no code platforms, any small business or even a single entrepreneur can easily translate their idea into a functional app. As a result, rapid application development using low code/no code tools has eliminated the barriers to entry into the market for businesses with limited capital and human resources.

It facilitates faster time to market with quick development and deployment

For a majority of startups and small businesses, a faster time to market is indispensable if they don’t want to lose out to the competition. The unexpected shift in consumer preference to online shopping during the COVID-19 pandemic is a great example of how businesses that rolled out apps faster were at an advantage over the ones that lagged behind.

Even in general, the success of a startup is considerably dependent on how quickly they are able to solve an existing or impending problem.

Low code/no code platforms offer ready-to-use components that are pre-tested. Therefore, without having to invest time in creating code and testing it, businesses can plan and launch a software solution in the market much faster compared to traditional software development.

It ensures higher customer satisfaction by enabling quick iterations 

No software application is immune to the need for iteration. Whenever an app is launched, the app owner keeps a keen eye on what the users are liking about it and what needs to be improved. The success of popular web and mobile apps largely comes from regular iterations based on user reviews and feedback. 

In the case of a traditionally built app, implementing changes is time-consuming as you have to write new code and because of how each component is related to the other. However, if you build your app using a low code/no code platform, making iterations is a lot quicker. That’s because these platforms consist of pre-built modules that work well together. So you can make changes to your app quite easily, with little risk of incompatibility.

Challenges of low code/no code app development

One of the biggest challenges of low code/no code development is little scope for customization. There’s a limit to the kind of and the number of templates available to be used in these platforms. If you have a very specific use case for your app, it might be hard to find a platform that satisfies the design and development needs of your app.

Secondly, rapid app development using low code/no code platforms compels you to rely on the security and governance measures implemented by the platform owners, leaving you with no ownership over the source code. This may prove to be risky in unpredictable scenarios like the platform being acquired by a third party or mismanagement of critical customer data.

Lastly, low code/no code development platforms may not be equipped to meet the scaling needs of an application. These pre-built templates may not work so efficiently when the user base expands substantially.

We can help you overcome these challenges and maximize your low code/no code development ROI

Despite some challenges, the low code/no code approach is going to become a significant part of the future of software development. It makes building software more accessible and empowers small businesses to leverage the benefits of software without heavy investments.

The key to driving success with your low code/no code investment is to identify the right platform that will serve your business goals without having to compromise on the security or the functionality aspects. 

iView Labs is an experienced software development company that specializes in creating a winning low code/no code technology strategy for small to medium scale businesses. If you are a business decision-maker who wants to create efficient apps with minimal time and money investment, our team would love to guide you.
Just drop your project details here and our consultants will help you choose the right platform and the right strategy for rapid app development.

To know more about iView Labs, kindly log on to our website www.iviewlabs.com and to get in touch with us with your queries and needs just write us an email on info@iviewlabs.com and sales@iviewlabs.comDownload the latest portfolio to see our work.

How Voice Technology Can Enhance The User Experience in Your eCommerce App

As per Adobe Analytics survey, US, Mar 2019 which was conducted on 400 organizations, 91% of respondents said that they were ready to make investments in voice enabled experiences.

This survey also revealed an interesting data that respondents were looking to prioritize voice experiences in their ecommerce app with definite “Call to action” in “Making a new Purchase” and for “Tracking Orders”.

If we look at just the US and understand consumer behavior and usage of voice in e-commerce applications, we will be surprised to know that In 2021, just over 45 million consumers from used voice technology for their shopping experience. This clearly shows how consumers in the US are preferring Voice enabled experiences for their ecommerce apps. 

This shift in consumer behavior comes naturally considering how voice enabled experiences are preferred for enhanced shopping experience in ecommerce applications Here are a few powerful ways in which voice and voice enabled experiences enhance customer user experience in an eCommerce app.

Voice in eCommerce mimics the assistance users get in an offline shopping experience

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While traditional eCommerce apps enable consumers to shop from the comfort of their homes, there is still one thing missing –  human-like customer assistance. 

Yes, there are customer support options for users to seek help from, but they are nowhere close to the in-store shopping experience where a salesperson assists them with their needs.

By equipping your eCommerce app with voice enabled experience, you can bring that human-like warmth to the online shopping experience. Smart, AI-enabled voice assistants can act like virtual salespeople and make the entire experience rich with personality, friendliness and personal attention. 

Voice enabled experiences in eCommerce apps facilitates a faster and more convenient way to shop

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Speaking is definitely faster than typing, that’s a no brainer. Voice recognition technology also makes it possible for a user to conduct searches hands-free. To offer this convenience of fast and hands-free shopping, enabling your eCommerce app with voice is a good idea.

Here is an interesting study to illustrate how voice searches are getting popular globally. Way back in 2018, Google found that over 27% of the online population was using voice search on their smartphones. Out of those, over 60% of users were found to have contacted a business directly from the voice search results!

Voice commerce makes a single-step voice to cart experience possible

One of the most distinguishable features of voice-enabled eCommerce apps is the reduced number of steps required to take an action.

With a voice recognition feature in your eCommerce app, you enable a user to add items to the cart with one quick voice command.

Imagine there is a user who wants to place a grocery order. If they use a traditional eCommerce app, they have to manually search for a product, select its quantity, and add it to the cart. And then, they have to repeat the entire process for all the other products they want to buy.

Now imagine the same user placing a grocery order with a voice-enabled eCommerce app. They can simply say something like “add 2 packets of (brand) multi-grain bread to the cart” and it’s done.

Which one of the above two ways provides a more user-friendly shopping experience? You guessed it.

In fact, almost every action that a user wants to take on a voice commerce app becomes a single-step process. 

If they want to track the status of delivery for an order or look for an invoice, they can just ask for it, without having to undergo the 3-4 steps required in an otherwise traditional eCommerce app. Similarly, checking offers, finding out the price of something, checking product availability and almost everything else becomes a single step process.

With voice technology, eCommerce apps can offer enhanced personalization

Personalization is undoubtedly an important contributor to customer loyalty. On the other hand, a lack of personalization may cause a business to lose its customers. According to the State of Personalization Report 2021, over 60% of consumers are likely to become repeat buyers for a retailer after a personalized shopping experience. Additionally, about 63% of the consumers said they would stop buying from brands that use poor personalization tactics.

While it has been pretty common for traditional eCommerce apps to offer features like “recommended for you,” personalization is still dependent on purchase history. Therefore, these apps cannot provide a personalized experience to a new user.

On the other hand, the use of advanced AI and NLP mechanisms in voice technology enables the app to accurately gauge the gender, age, language accent or even the mood of the user when they input a search query. Even though this information is still not specific enough to offer a perfect personalized first time shopping experience, it’s still a few steps ahead compared to non-voice apps.

Moreover, the potential for an AI-powered voice assistant to understand consumer behavior is much more polished than traditional systems of relying on purchase behavior. As a result, integrating voice experience in your eCommerce app can offer a much more advanced personalized shopping experience to the users.

Be an Early Adopter and Enable Voice based Experience in Your eCommerce App

In a nutshell, voice-enabled apps offer a faster, quicker and more convenient online shopping experience to users. In an era wherein consumers are putting the highest emphasis on advanced personalization, voice based experience can be your most powerful medium to enhance the user experience of your eCommerce app.

If you are planning to build an eCommerce app and need guidance on how you can integrate voice with it, we are here to help you.

 iView Labs is a versatile team of app developers and business consultants with deep multi-industry expertise. Contact us here and we will answer all your questions regarding voice-enabled eCommerce app development.

To know more about iView Labs, kindly log on to our website www.iviewlabs.com and to get in touch with us with your queries and needs just write us an email on info@iviewlabs.com and sales@iviewlabs.comDownload the latest portfolio to see our work.

Is Svelte The Next Big Thing in JavaScript Frameworks?

For years now, the role of frameworks has been to make the process of web development faster and easier. Over the decades, lots of front-end JavaScript frameworks have been launched in the industry but not many have stood the test of time. With strong corporate backing and innovative features, Angular, React and Vue have remained the top three players for quite some time now.

However, after the release of version 3 in 2019, Svelte suddenly started becoming a buzzword in the developer community. The Stack Overflow Survey 2021 revealed that Svelte is now the most loved web framework. It has also garnered over 55.7k stars on GitHub.

How did it become so popular so soon? What is so special about Svelte that the majority of developers love it more than other web frameworks? 

Before we get to the answers, let’s first understand what differentiates Svelte from other popular frontend frameworks.

The Popularity of Virtual DOM in JavaScript Frameworks

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When frameworks like React and Vue were launched, the web development ecosystem was thrilled with their virtual DOM feature. It was a new, more efficient way to optimize rendering changes in a web app. 

With virtual DOM, you can create a memory-only version of the real DOM in your web app. Whenever there is a change in the state of your app, the changes in the UI are first shown in the virtual DOM while the actual DOM stays the same. Then, the framework compares the new virtual DOM with the real DOM, observes the changes between the two, and finally renders only the changed elements on the UI. 

By doing this, you ensure that the entire UI doesn’t need to be re-rendered. Hence, the web app with a virtual DOM results in faster performance.

However, with time, it became evident that even creating a virtual DOM and comparing it with the actual DOM is quite time-consuming. There was still scope to improve things further and the creators of Svelte took that opportunity.

Enter Svelte – A Compiler

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Rich Harris, the creator of Svelte, is a well-known personality in the developer community. 

In a 2016 article, he claimed that front-end web developers were soon going to stop using JavaScript frameworks that work on runtime. He believes that these frameworks contribute to a larger size of the application. When a user interacts with an app built with a framework like React, Angular, or Vue, its performance is not only impacted by the network but also the JavaScript engine that takes too long to parse the code and interpret it. 

Therefore, he strongly advocated for a framework that doesn’t work on runtime. And soon, he released Svelte – the first JavaScript framework that works as a compiler.

As a compiler, Svelte ensures that it compiles the application code at build time. So when there is a change in the app state, the browser directly receives the pre-converted Vanilla JS code instead of having to do all the work by itself. 

In addition to reducing the work that the browser has to do, Svelte also ensures that there aren’t any shipping runtime or abstraction layers between the browser and the app. It’s almost as if the framework isn’t even a part of the app after the build process. That is why Svelte is also popularly called ‘the disappearing framework.’

In contrast to other JavaScript frameworks, Svelte significantly reduces the burden on the browser in order to keep the app state in alignment with the DOM. As a result, web apps built with Svelte have a much smaller app size and yield at least 30% faster performance than the apps that make use of virtual DOM.

Key Advantages of Svelte That Make it A Developer-Friendly Framework

One of the strongest features of Svelte is that it enables you to produce more with less. That is, you need to write a much smaller piece of code to create functionality in Svelte, compared to other JavaScript frameworks.

In fact, as proven by the Svelte creator Rich Harris, you need to write 40% less code to make a component using Svelte, as opposed to using a framework like React. This improves the developer’s productivity drastically.

Secondly, it’s much easier to bind classes and variables in Svelte and you don’t need to create custom logic every time you bind classes.

Moreover, state management in Svelte is much more efficient due to its built-in context API and svelte stores. Unlike many other JavaScript frameworks, you don’t need to employ a large number of third-party libraries to manage the application state. 

Lastly, Svelte has a very simple syntax which is easy to learn for anyone who knows how to write HTML or JavaScript code. Compared to JavaScript frameworks like Angular and React, Svelte is much more beginner-friendly.

Future of Svelte – What Does it Look Like?

Svelte is an efficient front-end framework that helps build incredibly light and fast web applications. The concept of true reactivity in Svelte has already garnered a lot of attention from the developer community.

For now, the Svelte community is small but growing steadily. While many small to medium-scale apps have benefited immensely from Svelte, the framework is yet to be evolved in order to facilitate the efficient development and performance of large, complex apps.

However, from how things look currently, Svelte is certainly going to make it into the list of top three JavaScript frameworks in the near future.

Is Svelte The Right Choice For Your Project?

Not sure whether to use Svelte for your next project? Let us help you. We are a team of IT experts that has been creating the most efficient web solutions for over a decade now. Our consultants would love to discuss your project and suggest the most viable solution for your app idea. Just drop your requirements here and our team will get back to you at the earliest.

To know more about iView Labs, kindly log on to our website www.iviewlabs.com and to get in touch with us with your queries and needs just write us an email on info@iviewlabs.com and sales@iviewlabs.comDownload the latest portfolio to see our work.

Hear from Our Clients About Their Experience of Working with Us

We started our journey in the digital space back in 2012. Our aim was to make a difference — in the lives of our clients, employees, and partners. We do it through our future-focused solutions and reliable services. Every day, we outgrow ourselves by doing things that are difficult and can put our potential to test.

As a team, we love to challenge the status quo if that means helping our clients achieve their goals. We relentlessly pursue growth and love pushing the boundaries of innovation to create something we can be proud of.

At iView Labs, we take customer service very seriously. We go above and beyond to fulfill our client’s vision; be it about creating the next Amazon or executing on a fresh idea that has the potential to beat Amazon.

We say we do everything it takes to make our clients happy. But you don’t have to take our word for it. Here are a few testimonials right from our clients:

“I appreciate their commitment and understanding of the project.”

– Mario Sipek (Project Manager, MachineDesk)

“They were easy to work with, very forthcoming, and demonstrated great skills on this project.”

– Jimmy Nordh (CEO & CTO, Jinoteco AB)

“This company is very professional and they made themselves available working even beyond work.”

– Giuseppe Carullo

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For us, our client’s satisfaction is the greatest reward. Seeing them succeed is all we want. And thus, to ensure they remain on top of their competition, we train ourselves from time to time and stay updated with the latest trends in the industry.

Everyone including the developers to team leads periodically goes through rigorous training to remain ahead of the curve. Our commitment to our clients is well beyond the time we spend on a project — we make it our duty to ensure our clients have an edge over their competitors.

If you have an amazing idea or a project you need help with, let’s collaborate. With our years of experience and industry expertise, we can deliver bespoke software applications that are robust, reliable, and visually engaging. Our clients range from emerging start-ups to giant enterprises and medium-sized businesses. 

Share with us your requirements and we will be happy to help.

To know more about iView Labs, kindly log on to our website www.iviewlabs.com and to get in touch with us with your queries and needs just write us an email on info@iviewlabs.com and sales@iviewlabs.comDownload the latest portfolio to see our work.