There are a number of factors that are combined to define the complexity of a Blockchain mobile application.
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Coming back to our main topic.
The very first thing you need to consider is the purpose of your app. Have a clear idea of what problem end users are facing, what are the existing solutions, what is the need of investing in blockchain application development, and how your app can offer better services. This will help you in determining the type of blockchain app/solution you should invest in. If you are an enterprise, you should consider these factors before implementing blockchain as they also directly impact the cost of Blockchain Application Development.
Consensus Mechanism
Every blockchain system uses a specific consensus algorithm (a mechanism to allow all members to authenticate transactions) like Bitcoin uses Proof of Work while some other random blockchain-based system might use Proof of Stake, Delegated Proof of Stake, Proof of Elapsed Time, Federated, etc. So, you need to evaluate which is the ideal method based on your needs. Apart from this, you also need to ponder on other key elements such as user permissions, reissuance mechanism, asset issuance, key management and structure, atomic exchanges, hand-shaking, signatures and address formats. This is a vital step to opt. So, it is recommended to consult with a blockchain app development company if you are still a newbie to this technology.
Platform
There are more than 25 platforms on which you can build a blockchain app without beginning from scratch, including Ethereum, Hyperledger Fabric, BigChainDB, and Quorum. So, it is again advisable to consider what all platforms can go well with your app’s goal and then move forward.
Stack
With every platform, comes a different set of blockchain programming languages and tools you need to look out for. And each stack has its own benefits and limitations, which implies you need to focus upon the right set of stacks for effective development.
APIs
Although you might find various pre-built APIs for the development process available in the market, you might be required to build an API for a specific use case, including performing data authentication and auditing, generating key pairs and addresses, storing and retrieving data, managing smart contracts interaction with the system, etc. To get a detailed insight, head to our complete guide to API development.
UI/UX
Once all the backend things are decided, the next step is to create a UI and admin console. Here, you will decide the right front-end programming language, servers, and external databases for your app development process, etc.
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