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Web 3.0, blockchain, and decentralization are the central concepts at the heart of the tech industry today. The developments in these closely related areas are impacting software development irreversibly. Blockchain was introduced mainly as a way to prevent the double spending problem previously experienced in the realm of digital currencies. However, since the technology first arrived, it has to lend itself readily to many other applications. Once software developers and other tech experts became aware of these possibilities, Web 3.0 was born. Let’s take a look at some of the ways in which Web 3.0 is changing the software development industry.
Blockchain was originally developed for digital currencies, so it is no surprise that it is in this field that the technology has reached its highest level of development so far. Whether or not there are strong use cases outside of the financial realm is still uncertain. It does seem that way, but there are still questions. How decentralized is “decentralized finance” really? How stable is it? How exactly will it impact the software industry and other areas of the tech and business worlds? The precise answers to these and other questions remain to be seen.
If blockchain and Web 3.0 become dominant in the financial arena, central banks will undoubtedly want to make their presence felt. How will central banks evolve to fit into this new way of doing business? Central banks need to control currency values and movements, and their current methods of doing so will do them little good in the decentralized world of cryptocurrencies. The answer is likely to be a public/private hybrid blockchain technology called Central Bank Digital Currency (CDBC). By adopting this technology, central banks, such as the Fed, can adopt cryptocurrency and promote it as legal tender. No major economy has yet adopted a CDBC, and it may not happen for a while. If it does, however, it would mark a revolutionary change in global currency markets.
Aside from cryptocurrencies, the on-chain businesses that have seen the highest level of development and publicity are those that produce non-fungible tokens (NFTs). Though there are tremendous possibilities still to be explored the main application of NFT technology, thus so far it´s been through digital artworks, can be Assets and transactions as diverse as real estate and voting.
Blockchain could also come to dominate the world of gaming. Many developers are already working on ways to refine in-game rewards and ownership through blockchain.
Giga IT is a team of expert software developers who master all available methods and technology to create cutting-edge software for every imaginable purpose. Contact us to find out how we can develop software to prepare your business to make full use of blockchain, Web 3.0, and other rising technologies.
Blockchain has been with us for well over a decade now, but its possibilities are just beginning to be realized. Aside from its many other uses, it is ideal for software development. Its trackable, immutable audit trails can help to make data more accurate and consistent. Developers can keep track of every part of the process with complete accountability all the way through the process. Here are just a few of the uses of blockchain technology for a software development company.
It was the launch of Bitcoin that first brought blockchain technology to the world’s attention. Blockchain is the underlying technology for all the cryptocurrencies that have arisen since then. In this case, blockchain acts as an unerasable transaction record. Each line records a movement of a certain amount of cryptocurrency from one person or company to another. Public keys (PK) and secret keys (SK) verify each transaction, acting as digital signatures, and ensuring that the payer and payee (or anyone else, for that matter) cannot copy each other’s signature, ensuring that each transaction is legitimate.
A smart contract is a contract written in code, which can be automatically executed as soon as all the required input demands are met. Since the contract is enacted automatically, there is no need for a third party, such as a lawyer, bank, or legal authority. The two parties agree to the contract directly, and the contract itself is then automatically executed and enforced. Once placed in the blockchain, a contract is immutable and cannot be tampered with. This would make contracts more secure, as well as easier and more efficient.
The second major entrant to the cryptocurrency market, Ethereum, was the first blockchain platform to use distributed apps (dapps). The P2P (Peer to Peer) distribution of dapps on a decentralized network allows developers to write and run apps that are immutable and autonomous.
Blockchain technology is ideal for managing supply chains and logistics. In this case, developers can make use of permissioned blockchains in which all participating nodes can be verified. Permissioned blockchains allow for greater control over which information is shared and which is kept private. Blockchains enable detailed and accurate inventory tracking, covering production dates, shipment dates, expiration dates, ownership, stock levels, location, and more.
Blockchain technology has the potential to be very effective in business transactions where secure and decentralized identification measures are required. Such blockchains can be kept separate from centralized networks such as government organizations and banks. It can create systems in which people own their data and benefit from it.
Apps such as Venmo have made peer-to-peer buying and selling easier than ever, but international money transfers are still fairly costly in terms of time and money. Blockchain technology can decentralize the process, distributing information rather than having it stored on individual databases. The process of transferring money from one entity to another via blockchain can also be much quicker than current methods and carry far lower fees. A financial institution could join a blockchain network and make transactions through its own consensus-building protocol.
At Giga IT, we employ the latest technology to create quality software solutions for all business requirements. Contact us to find out how we can prepare your business to make full use of blockchain, and other rising technologies.
Outsourcing custom software development is standard practice across all industries. Whenever a business is looking for a software development partner, the first consideration is whether to choose offshore or nearshore software developers. Both options have pros and cons, so it is worth thinking carefully about your needs and budget before making a decision. Let’s take a closer look at each of the options, and their potential advantages and disadvantages.
Nearshore software development is the practice of choosing a developer located in the same or similar time zone as the client. The benefits of this option are:
There are two significant cons to think about when considering nearshore software development. Firstly, although the costs are lower than they would be if you chose onshore vendors, they are likely to be significantly higher than those presented by offshore service providers. You need to ensure that your chosen partner will offer sufficient benefits in other areas to justify the higher price. Good work quality and the improved efficiency of offshore work can easily justify these costs, if you choose the right vendor.
Secondly, when looking for nearshore partners, you will find that your choices are somewhat limited compared to offshore. With a smaller talent pool, you may have some difficulties finding available professionals for your project.
If you choose offshore software development partners, you have access to the following benefits:
Despite all these benefits, offshore development comes with a few potential drawbacks. While the time zone differences offer the flexibility and rotating shifts mentioned above, they can also be a barrier to efficient development and delivery. Ten to fourteen hours’ time differences affect the frequency and quality of meetings and can affect the quality of project deliverables.
Speaking of quality, given the distance, it is more difficult to assess and verify the capability of service providers. You could very easily select a development partner based on low rates and a good sales pitch, only to find that their team is inexperienced and their processes suboptimal. Cultural barriers can also make it more challenging to drive a project forward at a satisfactory pace, jeopardizing both quality and delivery times. You would also have to take high travel costs into account. You may need to take fifteen hours flights to see your software vendor, meaning high costs and increased downtime. Since you will want to keep such trips to a minimum, face-to-face communication will be scarce, and there will be less of a personal touch.
Giga IT is a reputable and experienced provider of nearshore custom software development for U.S. businesses. Contact us to see how we can partner with you on an efficient and successful software development project.
Modern software teams follow Agile models, which requires teams to be adaptable and embrace change whenever it occurs. But this means that staffing requirements can also change at any time.
Consequently, companies need to deal with onboarding new employees, briefing new staff members, staff training, and more. And sometimes, companies will need to reduce the team size by letting go of some employees.
Fortunately, companies can avoid such recruitment challenges by working with an IT staff augmentation company.
What exactly is remote staff augmentation?
Remote staff augmentation involves hiring an employee or a team through a third party. These employees will work on the required project on a contract basis. Staff augmentation companies can save businesses a lot of time and money and reduce the risks of hiring staff directly. The main benefit here is that companies can quickly get the resources and skills they need to get the project done properly.
Moreover, the pandemic has shown many companies that remote work can form an integral part of their processes since it can bring success for both employees and employers. Additionally, companies across the globe can work with people beyond their country’s borders and get access to specific skill sets for particular roles on a team.
Remote staff augmentation is a cost-effective and flexible strategy that can help your business access scarce skills whenever you need them.
Benefits of hiring a reliable staff augmentation company:
1. Access to a large talent pool
Remote staff augmentation can provide your business with a team of experts without you having to source, screen, and hire candidates. You can hire one employee for a specific role or a team of professionals with varying skills. If a software development firm is looking to boost its workforce and resources, remote staff augmentation is an ideal solution.
2. Only pay for what you need
By working with a staff augmentation company, you’ll only pay for what you need. As a result, if you don’t want to hire someone on a full-time basis, you can draw up an agreement with your staff augmentation vendor stating exactly how many team members you need and for how long.
3. Helps you save time
When working with a staff augmentation company, you only need to provide information on what you require and pay the hired team or staff member. As a result, you don’t need to spend precious time and money on recruitment, onboarding, and training. Consequently, staff augmentation is a great solution if you’re looking for extra employees for a specific project or short-term experiment.
Staff augmentation gives your company increased agility and flexibility to respond to operational and market needs.
4. Retain control over crucial projects
Staff augmentation doesn’t require you to outsource the entire project to an external team or company. Instead, you hire only the staff members required to finish a particular project. This way, your in-house team works alongside the outsourced staff members. Therefore, you have complete control over how the project is executed, and you can ensure it meets your company’s requirements and standards. Additionally, you can choose to hire someone to manage quality assurance or assign the role to an in-house team member.
5. Increased productivity
Staff augmentation lets you assign additional workloads and complex tasks to the outsourced team. This way, your in-house team won’t burn out and everyone can work on tasks they excel at.
Staff augmentation models you can choose from:
Traditional staffing providers: These agencies provide companies with temporary staff members from different industries. Trading staffing providers are a great solution if you’re looking for additional employees for a low-skill project.
Boutique staffing agencies: These agencies focus on finding specialized or skilled team members for specific short-term projects.
Vendor staffing providers: Vendor staff providers provide large-scale staffing programs. This service is great for companies that are looking for a cost-effective solution that can scale their teams quickly.
Online platforms: Online platforms provide businesses with freelancers and independent workers. These platforms are suitable for companies that aren’t looking for specialists but want a cost-effective alternative to traditional hiring processes.
On-demand talent platforms: These platforms give companies instant access to top talent. It’s a great option for companies that are looking to hire a remote employee quickly.
Not sure what staff augmentation model to go for?
Consider hiring a staff augmentation consultant!
If you’re struggling to choose a specific model, a staff augmentation consultant can guide you through the hiring process and ensure your company’s data and interests are protected throughout the entire process.
Outsourcing and staff augmentation are often used interchangeably, but these two hiring strategies have significant differences.
Outsourcing requires businesses to completely hand over a particular project to an external team. As a result, the external team has full control over the project and has to deal with the bottlenecks and risks associated with it. Outsourcing can also lead to security risks, reduced quality control, changing deadlines, and more.
On the other hand, staff augmentation gives companies the workforce and resources they need to finish a project. In this case, the external team works with the in-house team and company standards and timelines are maintained.
Staff augmentation provides businesses with many benefits. However, it does have a few challenges.
Here, we’ll provide you with a few solutions to help you achieve the best results:
1. Poor English and communication skills
When you hire team members from staff augmentation, there is a chance that the employees will communicate differently or have different first languages.
But not to worry – this isn’t an obstacle to having the best outcome. Many top companies across the globe work alongside remote employees and they see amazing results!
Here’s how you can do the same:
2. Time zone differences
We know what you’re thinking:
How can you work with people who start their work day when you’ve already clocked out?
How can you resolve urgent issues when your team members aren’t available when you need them?
We’re a professional IT staff augmentation company offering custom software development services. We will get you the best candidates to complete your mobile software development or financial software development project.
Now more than ever, it’s crucial to have the most productive team members with the right expertise and worth ethic to complete projects successfully.
Moreover, as your business grows, you’ll need to add new team members to balance workloads, boost productivity, and enhance creativity.
And while you could hire employees directly, the recruitment process can be incredibly time-consuming and expensive. Fortunately, you can rely on Giga IT’s staff augmentation services to boost your organization’s workforce and productivity and scale projects and growth.
Other reasons why you should hire Giga IT:
Contact us today to have the best results with our remote staff augmentation company!
Managing and supporting mobile and desktop applications can be time-consuming and expensive. The precious time you dedicate to customer support should rather be spent on other crucial business tasks.
And while you could hire an in-house customer support team, finding the right candidates and setting up a proper customer service department can be an expensive and tiresome process.
Fortunately, you can outsource application support tasks to improve performance and free up employees’ time and schedules. This way, they can work on other important projects and goals.
But there are also some risks associated with outsourcing customer support tasks.
In this article, we’ll discuss the risks of outsourcing customer support services and a company that can get the job done right.
Here are the risks of outsourcing customer service:
Since you’ll have to relinquish some control when you work with an outsourcing firm, the quality of customer service may be compromised.
Your perception and understanding of good customer service may differ from that of the outsourcing firm. This may lead to conflict and miscommunication.
As a result, you need to clearly communicate your company’s core values and policies to the provider. Ensure you communicate your customer service goals as well.
When outsourcing customer support tasks, ensure you consider the threat of security risks and breaches. This is because you’ll need to provide the outsourcing firm with sensitive data like:
Your company’s in-house employees and managers have a great understanding of your products and services, and the best possible way to resolve customer issues.
On the other hand, the outsourcing firm will only be able to work with basic information about your company in the beginning. As a result, it’s crucial for you to guide the outsourcing firm and show them the ropes as much as possible. This way, the outsourcing firm can get to know your processes and standards. In no time, you’ll be working with a firm that can help you execute projects effectively and according to schedule.
Customer support is an integral component of any business. Whatever product you sell, it is vital that you can answer your customer’s questions and provide the support they need. But customer support can also demand a great deal of time and resources. As your business continues to grow and scale its customer base, the more it will need to spend on providing support and service that keeps its expanding customer base happy.
If you want to outsource your app’s customer support, visit the Giga IT website today.
We can handle your IT customer support functions. This way, you don’t need to spend time and money hiring in-house staff members to provide customer support services.
By working with Giga IT, you’ll get the following benefits:
Contact us today to outsource your app’s support today!
Interested in trends in the custom developed mobile apps space?
People across the globe have become dependent on smartphones and smartphone apps. Mobile app solutions like Apple Pay have made it easier for people to make instant purchases in different apps while on the go.
And thanks to the pandemic, even more people are now relying on smartphone applications.
Additionally, new technological advancements like 5G have improved download speeds, decreased lag, and just improved the speed and quality of mobile applications.
Here are a few other software application development trends to look out for:
5G is the newest radio technology that will boost mobile connectivity and improve smartphone user experience. According to forecasts, by 2025, 40% of all mobile connections in Europe will rely on 5G.
Here are some of the benefits of 5G:
Instant apps allow users to access app content without actually having the app. This way, users can shop and make a purchase on the app without having to install it, saving users time and device space.
Instant apps also require less loading time, are highly accessible, and updated automatically.
Predictive analytics use customers’ behavioral data, traditional stats, data mining, and AI to boost user engagement levels, drive sales, and help businesses to make informed decisions. Mobile app owners can leverage predictive analysis to provide effective recommendations to customers and improve their overall sales strategy.
Data breaches are happening across the globe, making people feel afraid to use mobile apps. As a result, another major trend in the mobile app development space is mobile security and data protection.
Fortunately, apps that are developed with Blockchain are usually more secure. This is because the encryption technique is basically impenetrable since the data is encoded and saved with a cryptographic hash.
A smart home hub is software that connects devices on a home automation network and controls communications among them.
You can use smart home hubs to control various systems in your home. For example, you can set up commands to ensure your garage door opens when you approach it and make the lights turn on when you’re nearby. You can also use personal smart hubs to send text messages and make phone calls.
Cross-platform apps are compatible with multiple operating systems and platforms (Android, iOS, Windows).
Cross-platform apps are a cost-effective solution since they use a single shareable code. Moreover, these apps have a native look and feel, which can boost user experience.
The biggest benefit of cross-platform apps is that they attract both Android and iOS users.
If you’re looking for custom software development services, look no further than Giga IT.
We’re a nearshore software development company that can help you build new apps or refresh and upgrade existing software. On top of that, we also offer managed service contracts to keep your apps and systems running optimally.
Launching an app can be a complicated process. That’s why our software development services include helping you release your product on platforms like App Store and Google play.
The best part?
You’ll work alongside a team of experienced project managers, developers, business analysts and QA leads. Whether you need iOS, Android, or Native app developers – or a team of QA analysts who can ensure the best coverage at the best price – we’ve got you covered!
Contact us today to get custom developed mobile apps today!
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