Tokenomics

Tokenomics Unleashed

Authenticated Business transactions with a Unified Hyperledger-Based Blockchain Platform

Highlights

QEDvault is a technology company at the forefront of tokenization, excelling in transforming diverse entities like items, relationships, and transactions into digital tokens. Leveraging the cutting-edge potential of blockchain technology, they empower their clients with an unparalleled system, revolutionizing the way possessions are represented and managed. In order to pioneer secured asset ownership, QEDvault aimed to create a comprehensive, efficient, and secure Hyperledger-based private blockchain platform that met the complex demands of multiple businesses. QEDvault needed a unified, streamlined, and reliable solution for managing and tracking its client’s asset through its lifecycle.

QCS's expertise and guidance were instrumental in enabling QEDvault to manage tokens successfully within the blockchain platform. Our comprehensive solutions and continuous support helped the client create a user-friendly and secure ecosystem for businesses to tokenize assets and streamline their operations effectively.

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Features of Native Apps

  • Native apps epitomize a bespoke approach, epitomizing the incorporation of craftsmanship tailored to a specific platform.

  • Employing programming languages finely attuned to their respective platforms, namely Swift for iOS and Kotlin for Android, these applications neatly tap into the complete array of device capabilities.

  • Performance, a hallmark virtue of native apps, is achieved through optimized execution, enabling seamless multitasking and fluid animations.

  • By assimilating deeply with the host ecosystem, native apps are equipped with unparalleled access to device hardware, thereby enabling the integration of advanced functionalities like cameras, GPS, and sensors.

  • Security is fortified through the utilization of platform-specific encryption mechanisms, safeguarding user data.

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Features of Hybrid Apps

  • In stark contrast, Hybrid apps encapsulate a pragmatic blend of web and native technologies.

  • Characterized by a single codebase written in web technologies—HTML, CSS, and JavaScript—Hybrid apps are enveloped within a native shell that facilitates cross-platform compatibility.

  • The prime appeal of Hybrid apps lies in their expedited development cycle, guided by code reuse.

  • While not matching the performance zenith of native counterparts, Hybrid apps offer a credible compromise between platform consistency and reduced development effort.

  • They wield a fragment of access to native device capabilities through plugins or bridges, harmonizing their operational footprint with certain hardware interfaces.

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Similarities Between Native and Hybrid Apps

Generally associated with their disparities, Native and Hybrid apps share common ground in several facets. Both app archetypes enable sophisticated user interface design, engendering visually appealing and interactive experiences.

Distribution, a pivotal phase, is mirrored across both realms, as apps from either paradigm find their conduits to user devices via app stores. Notably, both categories support connectivity to remote servers, enhanced by network-enabled communications.

Furthermore, both paradigms embrace the app analytics mantle, assimilating insights to unravel user behaviors, thereby informing strategic refinements.

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Pros of Using Native Apps

The paramount advantage of Native apps resides in the realm of performance optimization. This refinement leads to brisk execution and fluid user interactions, important for graphics-intensive or real-time applications.

Native apps offer an unparalleled avenue to harness a variety of device features, presenting an imperative for applications reliant on camera, augmented reality, or geolocation.

The profundity of the user experience is unfurled through careful adherence to platform- specific design principles, thereby fostering a seamless and intuitive interaction nexus.

Noteworthy examples of Native apps span a spectrum from the illustrious "Instagram" to the omnipresent "WhatsApp."

Famous Native Apps List:

  • Instagram (iOS, Android)

  • WhatsApp (iOS, Android)

  • Spotify (iOS, Android)

  • Uber (iOS, Android)

  • Airbnb (iOS, Android)

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Pros of Using Hybrid Apps

Hybrid apps wield a distinct allure centered on cross-platform code reusability, effectively curbing development costs and accelerating the release. Aptly suited for content-centric applications or prototypes, Hybrid apps present a beneficial path for reaching diverse audiences.

The utilization of web technologies for development extends an approachable entry point for web developers keen on mobile app forays. Recognized instances of Hybrid apps encompass the widely utilized "UberEATS" and the interactive "Untappd."

Famous Hybrid Apps List:

  • UberEATS (iOS, Android)

  • Untappd (iOS, Android)

  • Instagram Lite (Android)

  • Twitter Lite (Android)

  • Evernote (iOS, Android)

When to Choose Native App Development

The compass of selecting Native app development finds harmony in complexity, performance optimization, and platform fidelity. Projects requiring intricate animations, augmented reality, or real-time interactions find their zenith in the native domain.

Furthermore, applications seeking to harness the entirety of platform-specific features, like camera functionalities in a photography app, indubitably gravitate towards native endeavors.

However, it is essential to acknowledge that Native app development entails duplicated efforts for different platforms, potentially elongating development timelines.

When to Choose Hybrid App Development

The realm of Hybrid app development beckons in scenarios where cost-efficiency, rapid development, and a simplified maintenance continuum merge as primary considerations.

Applications geared towards content distribution, simple utility, or profitable prototypes, are preferably built as Hybrid applications.

Moreover, projects manifesting a shortage of resources and desiring a uniform user experience across platforms are poised to extract substantial benefits from the Hybrid approach.

In the intricate landscape of mobile application development, the dichotomy between Native and Hybrid app development is not dichotomous but reflective of a nuanced spectrum.

Native apps exude performance finesse and an intimate nexus with platform-specific capabilities. Conversely, Hybrid apps, embodying the synergy of web technologies and native containers, resonate with cost-effective convenience and cross-platform uniformity.

The choice between these paradigms hinges on a meticulous assessment of project requirements, aspirations, and fiscal considerations.

Ultimately, the harmonious combination of these methodologies promises to revolutionize the mobile phone world with numerous captivating and utilitarian applications.

Conclusion

In the end, the choice between native and hybrid app development hinges on the project's specific goals, requirements, and constraints. Native apps excel in performance, user experience, and access to device features, making them ideal for applications where these factors are critical, such as gaming or resource-intensive applications.

On the other hand, hybrid apps offer the advantage of quicker development, cost savings, and cross-platform capabilities, making them a strong contender for projects with limited resources or a need to target multiple platforms.

It's important for development teams to carefully evaluate the trade-offs and prioritize aspects that align with the project's objectives. Additionally, considering the rapid evolution of hybrid frameworks and the ongoing advancements in native development, staying up-to-date with the latest trends and technologies is essential for making informed decisions.

In this article

Approach
Roadblocks
Solution

APPROACH

QCS team adopted the professional approach to develop a uniform private blockchain platform catering to multiple businesses using Hyperledger Fabric's Channels. This framework allowed for the creation of private channels, enabling different businesses to transact securely while keeping their data isolated from other participants on the network. To ensure data privacy and integrity, we established a robust security framework. This involved defining and implementing access control policies to regulate user permissions and data sharing among participants. Private Data Collections were utilized to enable selective sharing of sensitive information only with authorized parties.

The platform enabled the tokenization of various assets, converting physical or digital assets into blockchain-based tokens. Bulk creation of tokens facilitated a streamlined process, making it efficient to tokenize large numbers of assets at once. We further integrated the QR code generation into the system, allowing easy tracking and identification of tokens. The platform also supported secure and traceable token transfers, ensuring smooth asset exchange between businesses. The system allowed businesses to define their assets and upload corresponding images, enriching the tokenized assets with detailed information.

We developed an administrative panel to manage user registration and regulate access to the platform. Additionally, the admin panel enabled the administration of different price plans for businesses, providing flexible subscription options. The entire architecture is deployed on AWS infrastructure. The technology stack further used for the development included AWS Kubernetes Service (AKS) Cluster for deployment, CouchDB and LevelDB for blockchain data storage, and Postgres SQL for off-chain database management. The backend was implemented using TypeScript, while the frontend was built using React JS and React Native for web and mobile applications, respectively.

By employing this approach, we successfully created a private blockchain platform that catered to various businesses. The platform's utilization of Channels and private data configuration ensured data privacy, while asset tokenization and seamless transfer mechanisms facilitated efficient and secure transactions. The deployed architecture ensured scalability, robustness, and user-friendly interfaces for both businesses and end-users.

ROADBLOCKS

Our objective was to design and develop a cost-effective platform for QEDvault while ensuring data privacy. Our primary challenge was to create a user-friendly application that enabled seamless asset tokenization, tracked asset origin and transfer history, and facilitated token transfers adhering to specific business rules without need to pay continuous fees to public blockchain platform providers. QCS team encountered difficulties in materializing their ambitious vision of launching a blockchain-based platform that could meet the diverse requirements of QEDvault’s stakeholders.

Starting from scratch with a greenfield application, we had to navigate the entire process from defining business requirements, designing the platform, to its development and eventual launch. This process involved multiple phases, starting from the initial Beta launch, and then scaling up to a wider audience. One of the critical pain points was creating architecture and pricing models that could sustain long-term usage of tokens on the platform. QCS tech team needed to design a scalable design that would be economically viable and adaptable as the platform grew.

Additionally, we had to conceptualize and implement a uniform architecture that could ensure consistency and efficiency across the platform. This involved addressing various technical challenges and ensuring seamless integration of different components. We had to navigate complex tasks such as application development, long-term token usage, and deploying a cohesive and standardized architecture to make the platform a reality.

Solution

A robust and scalable architecture was meticulously crafted and rigorous testing procedures were executed to validate the deployment of the blockchain components, and ensure the platform's functionality and security under diverse scenarios. A resilient production environment was established to host the platform, equipped to handle real-world workloads and support seamless operations.

Overall, the project developed a multi-faceted platform for diverse businesses with an agile, scalable architecture. the project's professional approach involved sound architecture and rigorous testing. It went live in a robust production environment, using Hyperledger Fabric, AWS infrastructure, AKS Cluster, and React technologies for optimal performance.