How Does Low-code Benefit Blockchain Technology?

less code This allows speeding up the development of applications that companies require. According to Gartner, about 65% of the world’s software will be developed low-code by 2024, accelerating digitization and 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. Report results also demonstrated increased developer productivity, enabling teams to deliver more apps with the same number of people in less time.

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

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

By combining blockchain with low code, companies can create high-performance collaborative systems, removing complex code from development teams’ hours of work. Build systems with low-code partners with an extremely fast and customizable platform like blockchain for traceability and trust, accelerating the development of complex and legacy systems.

To work with the data, the entire process must 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, building legacy systems to keep up with market and user changes.

Real cases demonstrate the 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 into the finished goods and vehicle supply chain, with multiple touch points, transparency and real-time updates, there was an even greater challenge in connecting manufacturers and suppliers who have different, and often legacy, systems. . .

So the goal was to create a reliable solution that was accessible from manufacturing to dealership, making every step of the vehicle on the production line uncluttered. Using blockchain and low-code, Vinturas created 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.