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Blockchain Benefits You Need to Know

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blockchain benefits

Whether you’re buying, selling, or just using it to pay your expenses, you can’t deny the fact that cryptocurrencies are an amazing way to make your life easier, simpler, and less stressful, especially when it comes to handling your finances. However, these currencies aren’t just about replacing one payment method with another, but they’re an important trend in the world of finances and the worldwide economy. This is particularly the case when talking about Blockchain technology that takes this idea to a whole new level and makes it more meaningful and practical. So, what are some of the benefits of this concept, what makes it so special, and how can you start using it more successfully than ever before?

Increased transparency

Unlike your traditional payment methods that are sometimes secretive and unreliable, cryptocurrencies are known to be open, honest, and as transparent as possible. This is a philosophy that was crucial when people first started using them, and this is what made so many people interested in this idea. However, with the development of cryptocurrencies and their increased popularity, came their negative effects as well, including their decreased transparency that brought problems to so many users across the world. 

Luckily, this is a problem that can be solved thanks to the useful Blockchain technology. Instead of relying on individual currencies, this idea is trying to approach this issue from a wider point of view, which is exactly what increases its level of transparency. This is something we all love, from each user itself to the people behind this entire idea to the fact is that the whole cryptocurrency community can benefit from increased transparency. Even though this might not seem like the most important thing in the world for everyone who uses cryptocurrencies on a daily basis, but also those who are thinking about exploring this world in the future. Ultimately, this benefit of blockchain is probably going to help attract even more people in the years to come, which makes this an issue worth your attention.

Increased security

With increased transparency comes increased security, and this is usually the main reason why people start using cryptocurrencies in the first place. While most of us have a problem using credit cards and other traditional payment methods, particularly when doing our shopping online, some people stick to cryptocurrencies only without thinking twice. And while this may sound like paying too much attention to unimportant things, this is often the reason why people around the world lose money every single day, and with so many of them being stuck at home due to the global COVID-19 pandemic, this might turn into quite a problem for millions of credit cards users worldwide.

However, with blockchain, you won’t have these problems. Equipped with different security protocols and encryptions, this is going to help you feel safer and more protected than before, as well as more sure that nothing wrong will happen to your money. Blockchain technology helps you do things more easily and quickly without putting your safety in jeopardy, and that’s another reason why this is going to keep getting more and more popular in the years ahead of us.

Increased practicality

Back in the day, when the world of cryptocurrencies was beginning to take shape, people had no problem handling their digital currencies. There were just a few options to take into consideration and you didn’t have to think about how you’re going to make all your currencies work together. But, this isn’t the case today because of all those new currencies that have appeared since, and this is what makes dealing with cryptocurrencies harder and less practical.

But, if you choose the right option and stick to the most practical solution you can find, you won’t have a problem making all your currencies work well together. With one of those absolutely best multichain wallet on the market, you’ll be able to handle all your currencies easily and without wasting any time and energy, and the best thing about it is that you can do this by using your mobile phone or tablet. This makes this entire process quicker and simpler, and that’s something all of us need in this day and age.

Reduced cost

Unlike all other things that are taken to a whole new level thanks to the amazing blockchain technology, this is one of those things that are reduced thanks to this idea. Due to so many things you can do at the same time using this technology, you won’t have to waste time, energy, and, most importantly, money to make all your dreams come true. This is why it’s easy to reduce your costs by using blockchain as often as you can, so take this aspect into consideration too.

The real reason for this is quite simple to understand – if you start using blockchain, you won’t need to use any other third-party entities out there, and that also means you can avoid all the middlemen that cost more than you can imagine. This is why individual users, as well as huge companies, are starting to use blockchain more frequently as a way to save money and cut their costs as much as possible.

Blockchain technology comes with tons of benefits on different levels, so don’t be afraid to start checking it out today and making the most of all those amazing benefits that are available to you!

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Guest Post

4 Crucial Steps to Building an App Startup

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4 Crucial Steps to Building an App Startup

The development of mobile technologies has led to the tremendous growth of the mobile apps market. As reported by Statista, the global mobile app revenue surpassed $365 billion in 2018. By the end of 2023, it will have reached about $935 billion.

With that in mind, it’s clear that the app market opens numerous business opportunities. As the global population almost equals the number of people owning a smartphone, you might start building your app at once.

However, building an app and launching a successful app startup are two completely different things. Read on to learn how to turn your app idea into a successful startup.

Identify the Market Gap

Every business starts with an idea, a concept that needs to offer something new to the market. It might share some characteristics with the existing options, but it has to bear a unique value proposition.

Start by conducting market research to identify the gaps in the mobile app market. Through the customer discovery process, you need to find out whether people would use the app you’re planning to build. When potential customers validate your idea as a unique solution to their existing problems and needs, you’re halfway there.

For instance, let’s say you’ve decided to launch a dropshipping app for spare car parts.

Define the age and demographic of your potential audience and have them interviewed. The agency you hire for this task needs to find out whether that audience would use such an app to buy spare car parts. If most interviewees give a positive answer, it means that you have potential customers out there.

Choose the Development Route

When you get the market research results, it’s time to start developing the idea in greater detail. The crucial thing here is to decide what development route to take.

The first option is to start hiring all the experts you’re going to need to build the app and launch the business: app developers and designers, copywriters, marketing specialists, etc. You’ll also need app store optimization (ASO) specialists for both Google Store and Apple Store. 

Gathering all these experts is a serious endeavor that requires a lot of investment. Most potential app startup owners don’t have enough money to go that way.

The other option is to work only with a core team of developers and create the minimum viable product (MVP). If we take the example above once again, this would be the initial, raw version of the spare car parts app. It needs to be functional enough only for the control group of users to try it and see how it works. When you get their feedback, you can move on to the more refined version and include various other professionals on the job. The most rational option here, finance-wise, is to work with freelancers and only hire full-time employees when the business starts making money.

Determine the Monetization Model

As you’re adding all the necessary visual details and improving the UX on your early app version, it’s time to decide how you’re going to generate revenue from the product.

There are three most common ways of making money for a mobile app startup:

  • Completely paid apps. Even though a small portion of app companies opts for completely paid apps, it’s a legitimate option. In this case, no one can access the app unless they’ve paid the subscription. Typically, it’s not the best option for completely new startups because customers still don’t know the app and the brand. However, think about hiding exclusive features behind a paywall as you gain a pool of loyal customers.
  • In-app purchases. The other option is to offer your app for free but include in-app purchases. For instance, the spare car parts app could allow users to search through items freely and order products to a certain threshold. For orders above that threshold, the customers would have to pay a subscription. Consider offering discounts for the semiannual and annual subscriptions as an incentive.
  • Free apps with ads. In this case, the entire content within the app is free, but there are ads. During the test stage, think about offering customers who don’t want ads to pay a subscription. Check out whether your control group would pay to remove ads. If they don’t mind the ads, don’t offer that option.

Handle the Legal and Financial Matters

Before you officially launch your startup, you need to prepare your business for all the legal and financial matters.

For starters, choose the business type for your startup. As a sole proprietor, you’re personally in charge of everything out there. Your personal assets are the guarantee for your business assets. Think through whether this is a good option for your business. If you don’t like it, register as a limited liability company (LLC). In this case, your personal and business assets are legally separated. You pay yourself a salary for your work in the startup. Also, it’s easier to hire additional employees that way.

Moreover, analyze and track your financial documentation from day one. Bank statements, business accounts, balance sheets, and other reports are essential for responsible business management.

By keeping your app startup financial records in order, you’ll avoid getting lost in regulations or missing payments. To top it all off, keeping business papers in order is crucial if you decide to carry out an app valuation and sell the app later on. When the potential buyer sees that everything is in order and that you’ve been a diligent owner, they’ll buy your startup without hesitation.

Summing up

Building a mobile app and launching an app startup is not a cakewalk. You need to have a vision and a plan for implementing that vision.

That being said, there are app businesses out there that have made it. They built an app that resonated well with the target audience, and they found success. There’s no shortcut or magic wand that will take you there. Start with the tips and suggestions shared in this guide to find your way and build a successful app startup.

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Business Traveller’s Guide to Hong Kong for First Time Visitors

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Business Traveller’s Guide to Hong Kong for First Time Visitors

Are you visiting Hong Kong for the first time? On top of that, are you travelling alone? Visiting a massive city like Hong Kong can be overwhelming and stressful unless you’re familiar with some of the basics for first-time travellers. From finding your way around the airport to booking the right accommodation and setting up your cell phone, there’s a full spectrum of basics that a first-time visitor needs to know when coming to Hong Kong.

Finding your way around the international airport

No matter how many times you’ve visited abroad destinations, coming to Hong Kong will feel like a brand-new experience. The minute you see the international airport you’ll feel like there’s no need for you to go elsewhere for entertainment because the airport features a myriad of restaurants, cinemas, free wi-fi and even a shopping mall. So, in case your returning flight is delayed, you will have plenty of choices to kill time. Keep in mind that you will also go through customs and receive a visa upon entry if you declared that you’re travelling as a tourist. To avoid getting in trouble, we suggest you declare that you’re travelling for business purposes and get a visa in advance if needed.

Accommodation options

Finding decent accommodation is the next on the list, and you will come across a full spectrum of choices. Finding studios for rent in Hong Kong is one of the best options. You can choose between small, middle, or big studios. If you’re planning a longer stay, studios with balconies and bunk bed studios will be a good choice too, offering accommodation for your entire business team. Budget hotels or deluxe hotels are also an option if you’d like to splurge on accommodation. 

Set up your cell phone

Making calls through your home provider’s network can be pricey in Hong Kong. That’s why you’ll need to get a Hong Kong SIM card and make calls at affordable prices. China Mobile Hong Kong, 1010, and Three Hong Kong are the providers you can choose between and find your best deal. For shorter trips, pre-paid cards will do the work, allowing you to make phone calls and use the internet at reasonable prices. You can find SIM cards at the airport and save yourself the trouble of roaming around the city in search of your Hong Kong number.

Choose your transportation wisely

When it comes to transportation options, Honk Kong doesn’t disappoint. They have everything you’ll ever expect from public transportation in a metropolis. Their trains and metros are clean, fast, and most important of all, always respect the timetable and are never late. The metro system is widely popular since a stop can be found at every major point of Hong Kong. For travellers who stay in Hong Kong for several days, and plan to tour the city, an Octopus card for the metro and busses is a must-have. Taxis and trams are other options of transportation that many prefer over a metro. Red taxis are quite prominent, so you’ll have no trouble spotting and landing one. While metros cover almost the entirety of Hong Kong, there are still some areas where you’ll need a minibus to reach. Hop on and off the bus for a flat rate. You can find them by the metro stops most often.

Work spots all around

If you need a place to work from and your hotel or a studio apartment isn’t the most suitable, Hong Kong has a full spectrum of work-friendly locations. Like in any other city, coffee shops offer a pleasant ambience and enough coffee and snacks to keep you fuelled for work. Coworking spaces are everyone’s favourite place to work from and meet new people. If you like an ambience where people are in their full work mode, motivating you to do your work, then a coworking space is where you need to be. Depending on how long you’ll be staying in Hong Kong, you can pay a weekly or a daily fee to use the space. An international airport is also a place where many people find their working sanctuary. Whether you’re in need to finish work before you board the plane, or you’ve found accommodation close by, you can go back to the airport and do your daily tasks there, just like many other residents of Hong Kong do.

Final thoughts

Visiting new cities is always thrilling and fulfilling. However, when you’re travelling for business, you’ll need to plan your trip a bit differently. Looking for places to stay and work-friendly locations will be of the essence if you want to be at your most productive. Make sure you book affordable accommodation, learn everything about public transport and invest in a local SIM card to avoid breaking the bank on calls and texts. 

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2022 Construction Trends You Need to Know

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Just like all other industries in the world, the construction business is always going through changes. The people behind it are constantly developing new materials, finding ways to recycle old resources, and introducing new technological developments in the picture. All of these things changed in 2020, though, with the outbreak of the global COVID-19 pandemic, and it’s safe to say that this is something that’s going to keep influencing our lives and our work in the years to come as well. With that in mind, here are some of the most important changes and trends that are going to shape 2022 in the world of construction and what these trends mean to you. 

Safety first

Unlike lots of other industries out there, the construction business has always been centered around the issue of safety. This is quite understandable, of course, especially if you know that accidents and unnecessary problems at the construction site can result in injuries and even death. However, since we’re all living in the middle of a pandemic, it’s no wonder that the construction industry has developed a few new ideas when it comes to safety. 

In addition to providing all of your staff on the site with the most basic protective equipment that’s supposed to keep them safe and sound, you need to take things to another level from time to time. Introducing new safety features such as new goggles, visors, and welding leathers might not seem like the best way to spend your money, but this is an investment that’s certainly going to pay off in the end. That’s why updating your protective equipment is one of the most important changes you’re going to witness on construction sites all over the planet in the future. 

Exploring new and old materials

This is another vital issue in the construction community, and the problem with new and old materials is constantly bothering us all. Things are quite simple, though, and it all comes down to the fact that we have fewer and fewer new resources we can use in new construction projects, but that’s not the only problem. An even bigger issue is that very few people know how to solve this issue.

Luckily, there are a few ideas to explore. First, think about recycled materials you can use over and over again. These are already around you, and the only thing you have to do is find them and make the most of them. This will minimize your construction and building costs without forcing you to compromise the quality of your work, and that makes this a win-win scenario. Also, think about new and innovative materials that are constantly being developed all over the world. Cutting-edge solutions like modular bamboo, laminated timber, and pollution-absorbing brick will transform the world of construction in 2022, so learning more about them as soon as possible is a great way to maximize their benefits.

Go 2.0

Another way to be the best you can be in 2022 is to use different software solutions and apps that are available to different professionals in the construction industry. Whether you’re a designer trying to make the most of the space you’re given or a general contractor who just wants to do everything in accordance with the plans and the regulations – sticking to different software solutions is always an amazing idea. These solutions can help you do more work in less time, keep you organized, and make sure you’re doing everything right, so trusting them is certainly a great solution.

What’s even better is that there are so many different software ideas out there, which means everyone can find just the right solution for them. If you’re dealing with equipment, for example, you might think about looking into reliable construction equipment fleet management software that will help you complete all your tasks in no time at all, making sure your equipment is safe and well-maintained, and that’s the dream of all construction professionals out there.

Drones and robots

If you’ve ever felt that the construction industry is similar to SF literature and movies, you’re quite right! With so many drones and robots entering this industry every single day, it’s no surprise that more and more people are relying on them to do their work for them. And since they’re doing that quickly, successfully, and cheaply, they’re better and more efficient than any human being can be. 

An even more exciting thing is that these things are here to stay, at least when it comes to the construction industry. They’re already changing the construction industry as we speak, with their 3D printing, land surveying, and other practical features, and they’ll continue doing so in 2022 as well. So, if you wish to make your life easier and your construction company more lucrative, embracing these drones and robots is something you need to do ASAP.

As you can see, the construction industry will remain just as versatile, inspiring, and trail-blazing as it is right now, so turning these ideas into reality and learning about a few more might be a great way to go in 2022.

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