Friday, June 14, 2019
How to Build a Top Performing Mobile Fintech Application
Building a blockchain application is no simple task. Sure, you could slap together a proof-of-concept relatively quickly. But, what are you going to do once your app starts gaining traction?
Rebuilding your app to scale effectively requires a substantial amount of time and resources – time and resources that you should be spending to continue growing. Thankfully, Abstrakt’s SDK gives you the best of both worlds.
Abstrakt enables you to develop a blockchain application with the speed of a start-up and the scaling capabilities of an enterprise company. But that’s not all. Here’s what else we have to offer:
“Setting up this technology [blockchain] comes with an inherent complexity. As a concept that is underpinned by partnership and collaboration, the need for middleware that supports integration, correlation, and analytics as well as driving security and governance must be a major consideration of any project.” – Maurizio Canton, TIBCO Software Inc. CTO EMEA
The current blockchain development landscape is disjointed. Building an end-to-end distributed application often requires numerous open-source libraries, node APIs, a fiat service provider, security mechanisms, and the tools you need to implement specific business logic, among many other things. No matter how experienced you are as a developer, the process is overly complicated.
To lighten your workload, we’ve done the programming heavy-lifting for you. The Abstrakt SDK combines authentication, wallet services, account management, transactions, and multi-blockchain support into one, convenient location. You focus on creating a grade-A user experience, and we’ll handle the rest.
If you’re worried about security, let us put your mind at ease. When you build with the Abstrakt SDK, you get industry-best security mechanisms out-of-the-box.
Private keys are stored locally and encrypted by the phone’s Secure Element Hardware. So, users must physically authenticate with biometrics or a pin to sign transactions. While some centralized key management providers are convenient, they can be slow, expensive, and in some cases, insecure.
Because Abstrakt implements a non-custodial key solution, your users are always in control of their assets. No one else can access their private keys or funds, not even us. The Abstrakt SDK gives your users true private key ownership without the cumbersome user experience that usually accompanies it.
Your onboarding process is the first impression new users have with your app, and it’s arguably the most important. A poor initial experience could cause a massive exodus of users before they even have a chance to get started. On average, over 70 percent of users will remove an app within one day of installing it. Abstrakt helps you beat those odds.
The Abstrakt SDK implements OAuth authentication with social media login capabilities. Instead of crawling through a lengthy sign-up process, your users can sign-up with just one click.
Exemplary user experiences don’t stop after sign-up, though. The Abstrakt SDK also tackles another prominent usability issue – public key management. Abstrakt implements a naming service that associates public keys with a user-generated account name. With Abstrakt, your users can send and receive cryptocurrency to human-readable addresses like Satoshi Nakamoto.
Additionally, the Abstrakt SDK allows you to create a social platform easily by offering contact sharing capabilities. All it takes for a user to connect with another user is a quick search of their username or email.
Backing up wallets is one of the most significant sources of friction for blockchain users. For ease of use, the Abstrakt SDK supports automatic key storage backup and recovery in the Google and Apple keystores.
Rewards programs, financial apps, identity management – no matter what kind of mobile blockchain product you build, rest easy knowing that your users can safely back up their private keys. Our SDK allows users to set a backup password and secure it with software encryption. Using this storage mechanism, your users experience a straightforward account recovery process similar to what you’d find in a traditional app.
For additional security, we are working on a distributed key management solution for high-value wallets. Not only does this mechanism allow users to own and recover their hardware-encrypted private keys securely, but it also has active fraud detection, similar to what credit cards have today.
Whether you’re a ten user start-up or a ten million user enterprise, we created Abstrakt with the ability to scale alongside your business. We built our infrastructure with MQTT, a real-time messaging protocol that’s 20 times faster and 50 times more efficient than HTTP, on average.
MQTT has the added advantage of caching data to devices. The benefits of this attribute are two-fold. First, apps built with the Abstrakt SDK are operational even if a user has a poor (or no) Internet connection. We simply queue up any activity to execute once the app is back online.
Equally as beneficial, the SDK caching ensures that your app doesn’t continuously refetch the same data via the Internet. Doing so reduces bandwidth usage and latency to give users a more responsive app experience.
Most importantly, we view our relationship with your business as a partnership, and we want to work alongside you every step of your journey. For that reason, our pricing model scales with your business. There’s no cost to try out our SDK.
To recap, with Abstrakt, you can have your blockchain application up and running in a matter of days, not weeks (or even months). And, unlike other SDKs, your app is capable of scaling from day one.
Don’t just take our word for it, though. Try out our iOS SDK for free and get started on your MVP today.
Building a blockchain application is no simple task. Sure, you could slap together a proof-of-concept relatively quickly. But, what are you going to do once your app starts gaining traction?
Rebuilding your app to scale effectively requires a substantial amount of time and resources – time and resources that you should be spending to continue growing. Thankfully, Abstrakt’s SDK gives you the best of both worlds.
Abstrakt enables you to develop a blockchain application with the speed of a start-up and the scaling capabilities of an enterprise company. But that’s not all. Here’s what else we have to offer:
“Setting up this technology [blockchain] comes with an inherent complexity. As a concept that is underpinned by partnership and collaboration, the need for middleware that supports integration, correlation, and analytics as well as driving security and governance must be a major consideration of any project.” – Maurizio Canton, TIBCO Software Inc. CTO EMEA
The current blockchain development landscape is disjointed. Building an end-to-end distributed application often requires numerous open-source libraries, node APIs, a fiat service provider, security mechanisms, and the tools you need to implement specific business logic, among many other things. No matter how experienced you are as a developer, the process is overly complicated.
To lighten your workload, we’ve done the programming heavy-lifting for you. The Abstrakt SDK combines authentication, wallet services, account management, transactions, and multi-blockchain support into one, convenient location. You focus on creating a grade-A user experience, and we’ll handle the rest.
If you’re worried about security, let us put your mind at ease. When you build with the Abstrakt SDK, you get industry-best security mechanisms out-of-the-box.
Private keys are stored locally and encrypted by the phone’s Secure Element Hardware. So, users must physically authenticate with biometrics or a pin to sign transactions. While some centralized key management providers are convenient, they can be slow, expensive, and in some cases, insecure.
Because Abstrakt implements a non-custodial key solution, your users are always in control of their assets. No one else can access their private keys or funds, not even us. The Abstrakt SDK gives your users true private key ownership without the cumbersome user experience that usually accompanies it.
Your onboarding process is the first impression new users have with your app, and it’s arguably the most important. A poor initial experience could cause a massive exodus of users before they even have a chance to get started. On average, over 70 percent of users will remove an app within one day of installing it. Abstrakt helps you beat those odds.
The Abstrakt SDK implements OAuth authentication with social media login capabilities. Instead of crawling through a lengthy sign-up process, your users can sign-up with just one click.
Exemplary user experiences don’t stop after sign-up, though. The Abstrakt SDK also tackles another prominent usability issue – public key management. Abstrakt implements a naming service that associates public keys with a user-generated account name. With Abstrakt, your users can send and receive cryptocurrency to human-readable addresses like Satoshi Nakamoto.
Additionally, the Abstrakt SDK allows you to create a social platform easily by offering contact sharing capabilities. All it takes for a user to connect with another user is a quick search of their username or email.
Backing up wallets is one of the most significant sources of friction for blockchain users. For ease of use, the Abstrakt SDK supports automatic key storage backup and recovery in the Google and Apple keystores.
Rewards programs, financial apps, identity management – no matter what kind of mobile blockchain product you build, rest easy knowing that your users can safely back up their private keys. Our SDK allows users to set a backup password and secure it with software encryption. Using this storage mechanism, your users experience a straightforward account recovery process similar to what you’d find in a traditional app.
For additional security, we are working on a distributed key management solution for high-value wallets. Not only does this mechanism allow users to own and recover their hardware-encrypted private keys securely, but it also has active fraud detection, similar to what credit cards have today.
Whether you’re a ten user start-up or a ten million user enterprise, we created Abstrakt with the ability to scale alongside your business. We built our infrastructure with MQTT, a real-time messaging protocol that’s 20 times faster and 50 times more efficient than HTTP, on average.
MQTT has the added advantage of caching data to devices. The benefits of this attribute are two-fold. First, apps built with the Abstrakt SDK are operational even if a user has a poor (or no) Internet connection. We simply queue up any activity to execute once the app is back online.
Equally as beneficial, the SDK caching ensures that your app doesn’t continuously refetch the same data via the Internet. Doing so reduces bandwidth usage and latency to give users a more responsive app experience.
Most importantly, we view our relationship with your business as a partnership, and we want to work alongside you every step of your journey. For that reason, our pricing model scales with your business. There’s no cost to try out our SDK.
To recap, with Abstrakt, you can have your blockchain application up and running in a matter of days, not weeks (or even months). And, unlike other SDKs, your app is capable of scaling from day one.
Don’t just take our word for it, though. Try out our iOS SDK for free and get started on your MVP today.
We believe the world deserves a better way to make payments, loans and secure their wealth. We are accomplishing this by providing companies with simple to use, secure, and scalable next generation products. We provide mobile first solutions that financial technology companies can use to upgrade their existing services
Austin, TX.
Write To UsEmail: hello@goabstrakt.com
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