From company to company, depending on its capital, what are the expectations from the funding and many other factors?

This quick guide can help you understand different types of Startup funding & give your business better insight into the details of each one of them.

Early Stage: Seed Funding

Startups with low capital looking for funding make use of this option. Often termed “Seed” funding, it is also called venture funds, angel investments and bootstrapping.

If you run a company in this sector, you’ll need to build a product or working model to enhance your chances of receiving funding for it.

No or minimal initial capital is required under this form of funding. Besides that, no major formalities are involved either. It is slowly gaining popularity among new businesses as many entrepreneurs believe that this funding type can help them save money on legal & administrative fees and other related costs.

This form of funding is provided by an individual or a group of people, usually called angel investors or seed accelerators. These individuals receive equity stakes in the business along with the founders.

Seed Funding

Seed Funding involves a lot of risks. Large or established Venture Capital funds do not get involved in this form of funding because it is more likely that the business fails due to being under-funded and hence less prepared for all the challenges out there.

This funding type follows a simple pattern: one party offers money to another party in exchange for some equity. It is often fixed as an interest rate. The other terms & conditions vary from business to business and the nature of the investment.

The first seed funding round happens early before starting up your own company or even developing a product/service prototype.

Series A

After completing the Seed Funding, if your startup can show growth potential and meet investors’ expectations, it is time for Series A.

Series A or Initial Public Offering (IPO) type of funding is provided by Venture Capital funds, Private Equity funds and Institutional Investors. This round can take a while to complete as it involves a lot of paperwork, negotiations & legal formalities.

At this stage, the company is expected to have an established product or a proven model that can be profitable for investors.

On the other hand, it should also have proved itself capable of meeting its financial obligations and should not require additional investments from seed funds or other parties.

Series B

Startups that are looking for funding after passing through an initial stage successfully make use of this option. Series B funding is provided by Venture Capital funds, Private Equity funds, Institutional Investors and angel investors.

A series B, the businesses have a proven track record, and they have been running successfully for quite some time now.

The companies looking for Series B funding are expected to have a clear plan for exponential growth, which will provide returns on investment to the investors and good profits.

Series C

After series B, startups move onto this round of funding to gain further capital and support from Venture Capital funds, Private Equity funds and Institutional Investors. This round is also termed as “growth or late-stage funding”.

Series C funding involves a lot of risk for the investors. This is the last major round of investment before an IPO (initial public offering), which means that if your company fails to get positive results in this round, it would be almost impossible to survive further rounds.

A Series C, companies are already generating good profits from their existing products and services. However, they have plans to expand their service/product offering in newer regions or countries to increase the market share of the company & get more investments for future expansion.

Conclusion:

Although each of these stages is an excellent platform for businesses to develop and expand, it is essential to remember that the majority of new firms fail after 3-5 years due to nonpayment of their financial obligations.

Apart from meeting all the needs required for survival, compa\nies should also aim at creating a huge pool of investors or funds under their wings to support the businesses in times of crisis.

Entrepreneurs must be ready for these stages since opportunities are not very common, especially at the early stages when your business has just started. If you have high ambitions & eventually want to expand globally, then accepting seed funding at an early stage will not be a clever idea.

The gaming sector is one of the most well-known in the world. The business model associated with this market sector is quite profitable and advantageous. The process involved in running a successful game company or any other software development company involves risk-taking , flexibility to change the strategy according to market conditions, following up on customer feedback, and monitoring revenue and expenditure. If we do an in-depth study of the FinTech and gaming industry, we must understand its origin.

The Future of Gaming

Three technology sectors have dominated the market for a long time: Cloud Computing, Virtual Reality (VR), and Artificial Intelligence (AI). These technologies have helped many software companies and game developers develop a new and innovative way of doing business. Such technological tools have boosted the gaming industry to new heights by providing advanced features, top-notch graphics, responsive interfaces, and stronger security measures.

According to a research report from 2017, it is said that the global VR market will hit $48 Billion in 2022. Predictions say that the gaming industry will soon surpass that of movies and music. All eyes are on this sector to check what new products it will bring to the world a few years from now.

How Gaming Industry is the Future

The Global Games Market Report states that after a downswing in 2009-2010 owing to the recession, which was followed by a steep increase in 2013 after the release of Nintendo’s 3DS and after a lull in 2016, 2017 seemed to be a great year for gaming with many new releases such as Pokémon Go, Nintendo Switch, etc. 

The gaming industry is currently worth $100 billion if we go further back into history, and we can see that it has grown from just $500 million at the start of the 2000s. This is a great achievement by any industry standards!

Various studies show that, at present, China and North America are the top two markets for the gaming industry. The United States and Canada’s market share combined stands at around 23%, with Japan coming in third place with 12% of global revenue share, followed by Germany with 8% and the United Kingdom with 5%.

The FinTech industry is growing rapidly not only in this country but also around the world. The financial services sector has transformed rapidly over the past few years due to advancements in technology. Even though we are still evolving, there has been tremendous change in people’s perceptions regarding money. People now want more from their life.

In today’s generation, most youths are much more concerned about how comfortable and convenient life is than what society expects of them. They want a stress-free, happy life which includes having the freedom to do whatever they like.

The Link of Gaming and FinTech

Even though the gaming and FinTech industries may seem different from one another on the outside, there is a great relationship among them. Both these industries are helping in making people’s lives more enjoyable and comfortable.

Because of technological advancements, most individuals can now work from the comfort of their own homes rather than needing to commute to an office. This way, one can save time and effort that would otherwise be spent commuting daily to the office and back. It also positively affects one’s productivity, taking away the pressures of daily meetings, drop-ins, office politics, etc.

Many entrepreneurs want to start and run their own businesses, but they have no idea what kind of company they should establish or how to go about it. The best bet in this situation is to go ahead and start a gaming company. This industry has penetrated the entire world with its wide range of products consistently updated with the latest technologies.

For many individuals, playing games on their cellphones is not just a source of amusement, but also a way to supplement their income. You may get money by playing games on your smartphone on a variety of websites. This is a fantastic possibility for folks who can borrow or purchase used cell phones or laptops since it allows them to work from home and earn money.

Effect of FinTech on Gaming Industry

The FinTech industry has also benefited the gaming world, which ultimately affects a person’s lifestyle. The fact that we can now shop online or book tickets for a flight at any time of the day makes our lives much easier and hassle-free. It has also made it possible to receive money instantly, which was not available before. Banks also use this technology by providing their customers with an easy way to transfer funds through Paytm, Ola Money, Freecharge, PhonePe, etc.

With the current state of the globe, mobile games will almost certainly be published on desktop PCs. They will have a superior graphics quality with easy-to-navigate controls and a wide range of avatars, allowing people to experience different emotions while playing these games. This would help many people have an outlet for their stress and anger, leading to a healthier lifestyle in general.

Understanding The Field Of Image Analysis Software Consulting

Image Analysis Softwares can be used to help analyze pictures- everything from photographs to security camera footage. They  have been around for a long time, but they have only taken off in recent times because they can be used in many fields today.

Examples of Image Analysis Software:

Marketing: One of the biggest challenges in creating an online store is that the store appeals to the users. One way is by using images of their products on every page– it makes the site look classier, and lets people see what they’re buying in advance.

Security: It makes it easier to keep track of various objects as they move around the screen – as well as to sort images into categories

Photography: With image analysis softwares, photographers have access to a number of useful features, like the ability to create a custom image collection. It’s an easy way for someone to find specific images while also making it possible to easily share photos with friends and family members.

Medicine: Image analysis software are used to great effect in the medical field— helping in medical diagnoses and surgery preparation

How Do Image Analysis Softwares Work?

Before consulting with an image analysis software consultant, it’s important to understand how these programs work.

  • Computer vision systems use many types of algorithms to translate images into data.
  • ML algorithms are necessary to help these systems become better over time.
  • The system can be similar to the way that humans learn and process information– but on a larger scale.

The Field is Evolving Fast   

During the next few years, there’s likely to be more advanced image analysis software that makes our lives and jobs easier.

  • It’s possible that OCR and other aspects of the field will become more accurate over time. 
  • Video surveillance systems might be able to use facial recognition to detect potential crimes in real-time.
  • Medical imaging software might become more precise and help doctors make better diagnoses.
  • Object detection systems might be able to identify even small details like serial numbers on banknotes.

Skills Necessary to Work in the Field?

If you’re looking for image analysis software consulting or development, it can be helpful to look up some of the common skills that are necessary to work in this industry:

  • Knowledge of computer vision– this field concerns itself with the study and construction of systems that can understand images.
  • Knowledge of computer vision systems— knowing things like how these programs use colour, shape, texture, motion, etc.
  • Video processing knowledge— this knowledge covers the construction and understanding of video in its various forms.
  • Knowledge of the field of robotics— systems that are used to advance robotics often need to have image analysis software built into them.
  • Knowledge of machine learning— understanding the process that goes into machine learning can be helpful.

Who Can Benefit from Image Analysis Software Consulting?

  • Organizations that want to study their own images can benefit from hiring people.
  • Businesses that need help with image analysis softwares might also benefit from consultants.
  • Governments interested in improving their security might hire consultants
  • People who are curious about becoming an image analysis software consultant.

What Fields Can You Work in After Getting Image Analysis Software Consulting Experience?

The short answer to this question is that there’s no limit!

  • If you’re good at mathematics and learn how to apply it to image analysis software consulting, then you might find yourself working for banks or insurance companies that need help with problems like fraud detection.
  • If you’re skilled at computer vision, then you might be able to find work in the gaming industry.
  • Many security organizations are interested in working with image analysis software consultants who can detect suspicious activity on video surveillance systems.
  • Medical imaging is another industry where people with image analysis software consulting skills are often in high demand.
  • If you’re interested in photography or videography, then working with image analysis software can help you create better camera footage.

Why You Might Want to Work With An Image Analysis Software Consultant?

  • You need custom image analysis software that can be used for your business.
  • The image analysis software is already in place, but it needs to be changed or improved.
  • Using image analysis softwares, it’s possible to improve many different types of computer vision systems. 

This is a relatively new discipline that has a lot of potential for the future – which is why more and more businesses are hiring Image Analysis Software consultants.

In the world of software development, UI frameworks are growing to be a must. React State is one of the many tools that are a part of React’s feature set. It is the most powerful one because it allows developers to manage the app state more efficiently. 

What Makes React State Different From Vue?

Let’s look at what makes React unique from other frameworks, like Angular and Vue.

React is a great tool for building user interfaces, but it’s important to note that it’s not a complete framework. It only provides three things:

  • A component-based UI library 
  • A set of APIs for rendering & maintaining views 
  • A declarative, efficient, and flexible virtual DOM

So, we need to use the right tools and frameworks with React to build a complete app.

Vue vs React:

Both Vue and React can be used for front-end development, and both can create reusable UI components.

Vue is similar to React in terms of features. Both are component-based, derive their State from the properties passed within them and support JSX out of the box. There are also many other similarities between these two libraries that make them look almost identical regarding functionality, usage, and strength. If we have to highlight one feature where Vue stands out from React, it is the way Vue offers more flexibility through its templates. 

It offers us the ability to write HTML-like templates for rendering components more simply. But the most important reason why developers choose Vue over React is that it’s much easier to learn and use.

Why Should You Choose a React State?

When it comes to building UI components, there is no shortage of options available out there.

Since React was developed by Facebook and Instagram engineers, we consider it a more stable library. As mentioned above, React isn’t a framework– it’s a library that can be used for building UI components.

Easy To Use

If you know how to use JavaScript, then learning React will be a breeze for you. It’s simple to grasp and can be learned in a day– that’s how easy it is! 

Because of its simplicity, React allows developers to jump right into coding; they don’t have to worry about learning any advanced tools.

Highly Scalable

React State is highly scalable. It can handle various applications, from the most simple website to a huge enterprise project with thousands of components. 

Data Flow

React allows developers control over how data flows through the app. It is unidirectional– this means that data always flows in one direction: from parent to child nodes.

Accurate Debugging

React has a very accurate debugging tool. It tells you exactly what’s happening inside your app, which means that tracking errors or bugs are as simple as possible. 

State Management

React State is excellent for state management. If you have a global mutable variable in your app, it can easily be accessed by every component of the webpage.

Application Testing

React State makes testing applications easy. It can simulate user interactions by simply firing events that mimic user actions– click events, for instance. 

These events are dispatched in a component’s lifecycle– if you’re familiar with AngularJS, then know that these are similar to $scope.$apply(). On the other hand, React also provides tools for testing your app’s rendering performance.

How To Use React State?

If you are planning to build an enterprise application with React, then you need to configure the Redux library (which includes React State) first because it offers a good number of benefits for managing your application state. Let’s look at how you can use it:

Once Redux has been configured properly, you will be able to access the state object within your React Component using this. State.

To perform any operations with the state object, call a function within the class and pass in the required data as an argument:

         this.setState({ message: ‘Hello World!’ });

To access the state object of your parent component, use these props:

     console.log(this.props.message); // prints “Hello World!”

There is no need for using other framework libraries like Redux because the state object of a React Component is automatically updated with changes in props.

The current banking industry has been running for centuries with many institutes that already have their audience and reputation. Many such banks have increased the security levels around their apps, making it hard to compete against established players. And yet, payment apps are still limited in their capabilities.

Peer To Peer Payment- History And Development:

The history of P2P payment in banking dates back to the existence of cash. Cash as a currency is effortless; anyone can use it, and physical notes are much more complex to steal than digital data. As money gradually evolved from physical to digital, the usual form of payment shifted to credit or debit cards, as they are straightforward and widespread. 

However, banks have never allowed users to make direct payments amongst each other with their platforms.

The Inception Of Blockchain:

Bitcoin was released in 2009 as an open-source project, offering several advantages over traditional currencies.

Firstly, transactions are fully transparent on a public ledger called a blockchain— it cannot be changed or altered. All users have access to this information; therefore, there is no risk of fraud or other types of manipulation.

Blockchain also offers unbreakable security, employing a cryptographic hash algorithm to ensure that no user can tamper with the data in any way. The combination of blockchain technologies and P2P payment apps could revolutionize the banking industry.

The Main Advantages Brought By Bitcoin:

The absence of a central authority overseeing Bitcoin’s transactions means no government or banks are involved with the process.

A fixed number of Bitcoins will be released into the market (market cap), and their value will only change due to supply/demand dynamics instead of inflation.

A Robust Peer-to-Peer Payment System:

A P2P payment system is an app that allows users to send and receive money directly from one another without a third party. P2P payment apps usually have low-security standards as they only include a limited number of features.

Breaking Down Security In A P2P Payment App Into Three Main Components:

  1. The wallet system where users store all their money
  2. Tokenization of funds; meaning that once a transaction is done, it does not have to take place on the blockchain but only be registered in the ledger as an available balance
  3. Authentication of the user’s identity to ensure that there is only one account associated with each session

Security should not be seen as a limiting factor for P2P payment apps but rather as a means to increase their attractiveness to take on more ambitious challenges like replacing national currencies.

Technical Challenges Of A Robust P2P Payment App

Blockchain technology allows for many different uses and does not necessarily require a cryptocurrency to function correctly. Moreover, it offers developers the opportunity to create their tokens that can be used in smart contracts or DApps (decentralized apps).

The blockchain brings along several technical issues in various aspects of cryptocurrencies:

  • Slow transaction speed
  • High transaction costs
  • Low-security standards

Still, several P2P payment apps out there claim to offer users a safe and secure way to transfer money from one person to another.

Blockchain-Based P2P Payment App:

A blockchain-based P2P payment app has to be developed by an expert team of developers with a long history in the cryptocurrency industry. While creating such an app, the first step is establishing a secure system for storing fiat currencies into wallets and making them easily transferable between users. In addition, users can store tokens in their wallets and make fast, free, and secure payments to their friends or family members without relying on third parties like banks. 

The next step is to create a P2P payment system for cryptocurrencies, which is much more challenging to pull off and requires the expertise of highly experienced developers. Since no token can be used in this payment system, some stable currency needs to represent all types of cryptocurrencies.

The stable currency has to be backed by a reserve of cryptocurrencies that can be easily purchased in case the value of the regular currency decreases significantly.

Conclusion

Blockchain-based P2P payment apps are expected to disrupt the banking industry by offering users a way to transfer money between one another securely and quickly. The developers will have to create and implement different technological solutions for each part of the P2P payment app. This approach will show people how safe and efficient these types of apps can be in real life compared to their alternative—national currencies.

Today, mobile users have a plethora of banking apps to choose from that can perform most, if not all, of the tasks they need.

The current banking industry has been running for centuries with many institutes that already have their audience and reputation. Many such banks have increased the security levels around their apps, making it hard to compete against established players. And yet, payment apps are still limited in their capabilities.

This article will discuss some of these main challenges that peer-to-peer payment apps face today and address them.

Peer To Peer Payment- History And Development:

The history of P2P payment in banking goes back hundreds of years thanks to the existence of cash. Cash as a currency is effortless; anyone can use it, and physical notes are much harder to steal than digital data. National currencies have been present for centuries– having one allows people to store money in banks or invest it in the economy.

As money gradually evolved from physical to digital, the usual form of payment shifted to credit or debit cards, as they are straightforward and widespread. However, banks have never allowed users to make direct payments amongst each other with their platforms. This was left for third-party services like PayPal or Venmo, which have revolutionized the way we make transactions today.

A Robust Peer-to-Peer Payment System:

A P2P payment system is an app that allows users to send and receive money directly from one another without a third party. The features of P2P payment apps are usually limited to paying and requesting money and adding or withdrawing funds into the store wallet. The cost of each transaction depends on its size or amount.

P2P payment apps usually have low-security standards as they only include a limited number of features. Users can add funds to their store wallet with either credit cards, debit cards, or bank accounts. 

However, the main problem with P2P payment apps is that security is not considered important enough during the development process because it does not directly impact the end-user.

Blockchain-Based P2P Payment App:

A blockchain-based P2P payment app would require the services of a multidisciplinary team of software engineers with extensive experience in the cryptocurrency sector. When creating such an app, the first step is establishing a secure system for storing fiat currencies into wallets and making them easily transferable between users.

Tokens can then be used for the actual transactions that take place on the blockchain. In addition, users can store tokens in their wallets and make fast, free, and secure payments to their friends or family members without relying on third parties like banks. 

The security of such a payment system would be easy to implement as there are already proven models available. Still, more research is necessary before creating an app that serves this purpose.

The next step would be to create a P2P payment system for cryptocurrencies, which is much more challenging to pull off and requires the expertise of highly experienced developers. Since no token can be used in this payment system, some stable currency needs to represent all types of cryptocurrencies.

The stable currency would have to be backed by a reserve of cryptocurrencies that can be easily purchased in case the value of the regular currency decreases significantly. This approach is already used in financial markets where currencies like Dollars or Euros are backed by Gold and other valuable metals. Still, people need to understand why it’s necessary before implementing it.

Furthermore, the P2P payment app is expected to be released sometime next year. It would show people how blockchain technology can benefit them instead of harming their reputation. At the same time, the lack of regulation in crypto markets has led some countries to ban these types of apps, slowing down their actual development.

Conclusion

Blockchain-based P2P payment apps are expected to disrupt the banking industry by offering users a way to transfer money between one another securely and quickly. The developers will have to create and implement different technological solutions for each part of the P2P payment app:

  • Wallet for storing fiat currencies;
  • Token system for making peer-to-peer transactions;
  • Stable currency backed by cryptocurrencies.

This approach will show people how safe and efficient these types of apps can be in real life compared to their alternative—national currencies— while changing current perceptions about blockchain technology.

A business or an organization can choose to either be driven or drive itself forward with technology. So how would one go about this? Many firms are offering these services, and they will run you through several models that you can use for digital transformation. Still, it comes down to identifying your target market and knowing what you want to achieve.

This sounds like common sense, but most businesses don’t know exactly where they want to go, which is why digital transformation services are priceless. It doesn’t matter what industry or business you have; digital transformation services will integrate your organization with the latest technology to keep up with the times.

Within this article, we’ll provide some tips on how to go about your digital transformation services.

Step #1: Know Your Target Market

Many businesses think that they know their target market, but in reality, there is still so much more that needs to be done. You’ll need to draw your customer profile and create a buyer persona that will reflect the actual demographic of the people who are buying your product or service.

Step #2: Learn How to Use Technology Efficiently  

There are so many various types of software available today, and you’ll need to know how to use each of them to get the most out of your digital transformation services.

For example, business analytics tools will allow you to keep up with all of the metrics surrounding your business while also monitoring any risks or potential pitfalls that may be present.

Step #3: Choose the Right Price Plan  

Keep in mind that there are different plans available for each digital transformation service. The best thing is to figure out just how much you can spend on these services based on your budget.  

The key to maintaining and thriving with technology is by having the right skills that will allow you to integrate it into your business model.

Step #4: Keep Track of Your Progress

In the beginning, you’re probably unsure of what will happen when you implement these digital transformation services. While there isn’t a correct way to use technology for your business, you must keep track of your progress to evaluate how much this investment will pay off in the long run.

The ideal method to track your progress is by measuring everything weekly or even daily. If you can do this, it will allow you to monitor and understand how technology can help your business grow.

Step #5: Listen to Your Customers

What are the customers saying? Are they complaining about anything in particular? You must listen to your customers so that they feel heard.

If the customer is not satisfied with something about your business or doesn’t think it’s a fair price, they will not be willing to do business with you. And sometimes customers are just having a bad day and don’t mean anything by it. The key to gathering feedback from your customers is to listen without getting defensive.

Step #6: Ask For Testimonials

There’s no better way for potential customers to see what this digital transformation process looks like for other businesses than hearing it from their mouths.

There are plenty of different ways for you to get testimonials. The ideal way to go about this is by asking current customers who have had positive experiences with your business whether or not they would be willing to share their thoughts online via social media platforms.

These digital transformation services will not only be an excellent way for you to keep up with technology, but they will also allow you to make your business more efficient.

Step #7: Keep Up With The Trends

You want to make sure that you’re able to keep up with these digital transformation services in the future as well.  

Technology is constantly changing, and if you cannot keep up with it, it’s time to end things.

By staying on top of things now, you’ll be able to get a head start on what’s to come in the future.

Conclusion

If technology interests you, then there’s no reason you shouldn’t use it in your business. These digital transformation services will help you better understand how much technology can benefit your business and why it’s essential to keep up with the trends.  

Technology is here to stay, and if you’re serious about growing your business over the long term, then there’s a good chance that these digital transformation services are going to help you get there.

Today, mobile users have a plethora of banking apps to choose from that can perform most, if not all, of the tasks they need.

The current banking industry has been running for centuries with many institutes that already have their audience and reputation. Many such banks have increased the security levels around their apps, making it hard to compete against established players. And yet, payment apps are still limited in their capabilities.

This article will discuss some of these main challenges that peer-to-peer payment apps face today and address them.

Peer To Peer Payment- History And Development:

The history of P2P payment in banking goes back hundreds of years thanks to the existence of cash. Cash as a currency is effortless; anyone can use it, and physical notes are much harder to steal than digital data. National currencies have been present for centuries– having one allows people to store money in banks or invest it in the economy.

As money gradually evolved from physical to digital, the usual form of payment shifted to credit or debit cards, as they are straightforward and widespread. However, banks have never allowed users to make direct payments amongst each other with their platforms. This was left for third-party services like PayPal or Venmo, which have revolutionized the way we make transactions today.

A Robust Peer-to-Peer Payment System:

A P2P payment system is an app that allows users to send and receive money directly from one another without a third party. The features of P2P payment apps are usually limited to paying and requesting money and adding or withdrawing funds into the store wallet. The cost of each transaction depends on its size or amount.

P2P payment apps usually have low-security standards as they only include a limited number of features. Users can add funds to their store wallet with either credit cards, debit cards, or bank accounts. 

However, the main problem with P2P payment apps is that security is not considered important enough during the development process because it does not directly impact the end-user.

Blockchain-Based P2P Payment App:

A blockchain-based P2P payment app would require the services of a multidisciplinary team of software engineers with extensive experience in the cryptocurrency sector. When creating such an app, the first step is establishing a secure system for storing fiat currencies into wallets and making them easily transferable between users.

Tokens can then be used for the actual transactions that take place on the blockchain. In addition, users can store tokens in their wallets and make fast, free, and secure payments to their friends or family members without relying on third parties like banks. 

The security of such a payment system would be easy to implement as there are already proven models available. Still, more research is necessary before creating an app that serves this purpose.

The next step would be to create a P2P payment system for cryptocurrencies, which is much more challenging to pull off and requires the expertise of highly experienced developers. Since no token can be used in this payment system, some stable currency needs to represent all types of cryptocurrencies.

The stable currency would have to be backed by a reserve of cryptocurrencies that can be easily purchased in case the value of the regular currency decreases significantly. This approach is already used in financial markets where currencies like Dollars or Euros are backed by Gold and other valuable metals. Still, people need to understand why it’s necessary before implementing it.

Furthermore, the P2P payment app is expected to be released sometime next year. It would show people how blockchain technology can benefit them instead of harming their reputation. At the same time, the lack of regulation in crypto markets has led some countries to ban these types of apps, slowing down their actual development.

Conclusion

Blockchain-based P2P payment apps are expected to disrupt the banking industry by offering users a way to transfer money between one another securely and quickly. The developers will have to create and implement different technological solutions for each part of the P2P payment app:

  • Wallet for storing fiat currencies;
  • Token system for making peer-to-peer transactions;
  • Stable currency backed by cryptocurrencies.

This approach will show people how safe and efficient these types of apps can be in real life compared to their alternative—national currencies— while changing current perceptions about blockchain technology.

Augmented Reality – What is it?

Simply put, augmented reality (AR) may be defined as a live direct or indirect view of a real-world environment with computer-generated sensory input such as sound, video, graphics, or GPS data “augmented.” The effect is similar to what we might see in a science fiction movie, where characters can interact with their environment through a computer-generated interface. Essentially, AR blurs the lines between reality and imagination.

There are three primary forms of AR technology:

Camera-Based – This type of AR uses a smartphone or tablet camera to capture images and video. It then adds information to those images based on the device’s location and orientation. For example, if you take a picture in front of Buckingham Palace in London, your image might come with information about the history of the building.

Projection-Based – This AR method uses a projector to display an image on any surface and then adds virtual elements. You can use your hand or other objects in the scene to interact with or block that image. However, the technology isn’t very accurate and has difficulty distinguishing between the camera’s rear and digital images.

Hybrid – This AR technology uses cameras, projectors, or other sensors to render an image in real-time, combining the user’s view of the world and virtual elements. We can see a preview of how this type of AR might work in gaming systems such as the Microsoft Kinect.

Applications of AR Technology

Even though we don’t have Walgreens that uses an augmented reality system yet, there are many other ways this technology will be used in the future by consumers and businesses alike. Here are some examples:

Shopping – Businesses like Gap and Ikea are investing in augmented reality systems so that customers can try on clothes or view furniture in their homes before they buy it. This technology also allows customers to use a smartphone or tablet device to scan a code at the cash register, which will automatically offer coupons for their purchases.

5 Ways Augmented Reality Will Change the Way We Interact with Technology

While augmented reality is not yet mainstream, it’s quickly becoming a hot topic among the masses. One reason for this could be its ability to transform how we interact with technology. Let’s take a look at five ways that AR will transform our world and make us rethink how best to use the technology in front of us:

1) Improved Gaming and Entertainment

With augmented reality, we will potentially improve gaming and entertainment experiences to an entirely new level. By connecting virtual worlds with our own, we can step into a game like real life while also looking through realistic 3D environments.

2) More Engaging Social Media Platforms

Augmented reality can be the key to creating social media platforms that are more engaging than ever. This technology can be used in real-time so that information is presented as if it were happening, thereby eliminating the need for people to filter out additional information while they’re online.

3) More Efficient Business Transactions

You’ve no doubt had a bad experience tracking down a firm or organization on the internet. AR can make this easier by allowing businesses to present themselves and their services to the public more easily. This could become a great way for shoppers to learn about products before going out and buying them in person.

4) Enhanced Learning Opportunities

Augmented reality can change the way we think about learning. By providing more options for interaction, AR will give us more opportunities to practice skills that we want to learn while also making it easier for us to absorb information and retain it better than ever before.

5) Better Communication in the Workplace

Businesses can improve communication in their work environments by using augmented reality. This technology can change how meetings are conducted while also helping employees understand more about what is going on in their Workplace at any given time.

Conclusion

As you can see, AR has the potential to change how we interact with technology in a big way. While it may not be mainstream just yet, the possibilities are there for this technology to do even more than we could have imagined ten years ago.

Swarming is a technique used by ant colonies for finding the shortest path to food using pheromone trails. However, in software development, swarming is used for problem-solving and bug fixing. It gives an engineer a chance to look at the code from another perspective and fix bugs he would otherwise overlook.

Swarming is not a new concept and has been used by most software development companies in one form or another. If your organization is a startup with only a few engineers working on the same code base, then swarming may give you an edge over your competitors.

Swarming Can Be Done Using Two Approaches:

One developer works on a bug fix while others add features to the code base, or all developers are focused on a problem fix for some time so that everyone understands it better before they go back to their regular tasks.

When doing it this way, each engineer contributes something towards fixing the bug and understanding all the code-related pieces. So, later if someone else encounters the same bug, he would have prior knowledge about it.

You may even uncover hidden defects in your codebase using this method of swarming, which otherwise could be very expensive to detect when they manifest as failures in customer environments or production systems. Some examples where developers might swarm around are

  • Fixing an elusive bug (e.g., debug logging, checking for race conditions)
  • Understanding the architecture or design for a particular component
  • At the end of a sprint, the team may swarm around the user stories that were not completed.

The Best Way to Make the Most of Your Swarming Sessions

1. Identify a bug or an issue that can be resolved fairly quickly so that everyone on your team has enough time to focus on it. It is also important that your organization’s priorities are well defined before you start swarming so that no one leaves mid-way through a session due to incoming critical work.

2. The first step in swarm programming is getting the entire team together as early as possible and having them help each other understand the problem being addressed with this session(e.g., get more context about how/where the code works). If there is an existing JIRA ticket for this bug, ensure it contains enough information (especially about what isn’t working or what is not working as expected). This will help all the participants understand the intent and background of this swarming session.

3. Next, have your team members review each other’s code and dependencies so that they can be prepared before taking ownership of a bug (e.g., if a developer has to fix an issue about another module/library in your codebase, then he should become familiar with it beforehand so that he doesn’t waste time on looking up API docs while trying to fix it). Some developers need to follow along with others’ swarms to understand the codebase doesn’t regress over time.

4. After everyone has had enough time reviewing each other’s work and understanding the problem, it’s time to have each person work on the bug. Once everyone is working, a common approach is for the designer or architect of the particular component (or design) to walk around and help developers where needed.

5. Make sure that all members of your organization understand what swarming and swarm programming are before trying this out. You may also want to give some examples of how successful companies are using it so that everyone can visualize its effectiveness during meetings/sessions like stand-ups.

Wrap-up: How Can You Get Started with Swarming?

Swarming is really about maximizing the utilization of each member on your team through learning and using context switching to your advantage. Your software delivery rate can be increased while your team’s productivity doesn’t suffer because a cross-functional combination of thinkers and doers is working on resolving issues together.

With this technique, you can ensure that each team member will only be working on one problem at any point in time, thus increasing their productivity by creating a self-organized team. 

By focusing your entire team on the task of fixing bugs together, you’ll also find that they’ll start to share an intrinsic motivation (as opposed to extrinsic motivation) in collectively resolving a problem together. This will lead to better quality and a happier team that supports the agile values and has an increased likelihood of tackling more problems than they could on their own.