How does low-code benefit blockchain technology?


SOURCE: NATIONWORLDNEWS.COM
JUL 29, 2022

This allows to speed up the development of applications that companies require. According to Gartner, around 65% of the world’s software will be developed low-code by 2024, accelerating digitization while reducing labor dependency and software deployment time.

A study conducted by OutSystems in collaboration with Forrester shows that a low-code application can bring organizations up to 506% ROI in less than six months. The report’s results also demonstrated improved developer productivity, enabling teams to deliver more applications with the same number of people in less time.

But how can blockchain benefit businesses with low-code technology?

Blockchain technology has been studied for use in fields other than finance. This is because blockchain provides tools for traceability, as well as transaction transparency with increased trust and collaboration. These two advantages are equally important in the areas of logistics, retail and digital asset authentication.

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By combining blockchain with low-code, companies can create high-performance collaborative systems, eliminating the complex code of development teams’ work hours. Building systems with low-code partners with an extremely fast and customizable platform such as blockchain to have traceability and trust, accelerating the development of legacy and complex systems.

In order to work with the data, the whole process needs to be secure and the blockchain can make it difficult to manipulate this data on the network, giving more confidence to those who develop and use the application. Together, blockchain and low-code bring performance to organizations, developing legacy systems to keep up with market and user changes.

Real cases demonstrate agility of low-code implementation with blockchain

One of the most relevant cases that I want to mention is related to the development of an application by the Dutch company Vinturas using blockchain and low-code. In addition to the need to provide visibility to the supply chain of finished products and vehicles, with multiple points of contact, transparency and real-time updates, there was an even greater challenge connecting manufacturers and suppliers who have different systems – and Often inherited-.

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So the goal was to create a reliable solution that was accessible from manufacture to dealership, allowing clear every step of the vehicle on the production line. Using blockchain and low-code, Vinturas built a secure infrastructure for encrypted data exchange and document processing, and then developed a web and mobile application for all users in the supply chain.