RetailTech Blockchain Software Development

Reasons why Blockchain-powered RetailTech is a Powerful Investment

Blockchain could have a significant impact on the trade industry, especially with regards to shipping. You could always know where your shipment is at all times, as it would be tracked throughout the journey. If you’re interested in knowing whether or not your shipment was timely, no worries – you’ll have a record of key dates like when and where.
It also records information like temperature at the point of collection, so you can make sure products are being handled safely.

The blockchain is an amazing technology to organize large files because of its high degree of transparency. It can provide complete information about the products and how they were transported from one person to another. Furthermore, this means that everyone along the retail chain has visibility into what’s shipping and where it came from—from the supplier, through the retailer, and finally to you, the customer.

How blockchain technology can help your RetailTech business

The amount of money being spent on blockchain in the retail sector is expected to grow from $0.47b in 2021 to $0.87b in 2022, at a CAGR of 86%. When this figure reaches $11.10b by 2026, the growth rate will have slowed down to 68%

Blockchain technology is all about software solutions. The software should not just maintain your inventory, but also create transactions between customers and retailers. It does this by preventing cyber-attacks.

Technological developments are a key trend gaining popularity in the blockchain retail industry. The companies operating in the blockchain retail market are tackling technological issues head-on and trying to come up with new and innovative solutions to meet their requirements.

Full Report

RetailTech Blockchain Software Development Steps

Empathizing

  • Defining and understanding the participants and roles in the product being created – in the development process and in the target solution
  • Defining and understanding the end user

Problem definition

  • Defining the problem that exists in the market for a given user profile
  • Frame your problem statement according to specific users

Ideation

  • User story mapping. Defining the Product Backlog (scope of work) with the help of User Stories describing the processes
  • Sketches (low fidelity) presenting the user flow in the application
  • Definition of processes interacting with other modules

Building prototypes

  • High fidelity wireframes visualizing the graphical interface
  • Extending mockups with a clickable prototype
  • Database structure. Database model describing table and field structure

RetailTech Blockchain Software Development Services

Internet of Things in RetailTech

The Internet of Things (IoT) is a network of physical objects that are embedded with electronics, software, sensors, and connectivity to enable these objects to collect and exchange data.

Retailers are using IoT in their stores to provide customers with a personalized shopping experience. They can use it for inventory management, customer service, and marketing.

Third-party Integrations

The integration between different software is happening more and more. Third-party integrations are a great way to make things more efficient for software producers as it allows them to customize their product with features from other providers.

A third-party integration is a way to connect your software with other software. A common use for this is to allow the user of the first software to access data from the second software. This can be done by connecting their databases or applications.

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Coders Lab

With the greatest pleasure and full responsibility, we recommend GMI as a professional contractor for web applications and CMS systems. We chose GMI primarily because they approached our inquiry very professionally. Very fluent contact at an early stage of talks announced that the implementation would be equally efficient and it actually was.

If there is an opportunity in the future to jointly implement another project, we will definitely use the services of GMI again.

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Multikurs

We highly recommend using the programming services and long-term cooperation with the GMI Group, which provides the company Języki Online with comprehensive support for the multikurs.pl e-learning platform along with a dedicated CMS system, including development work as well as optimization of existing functions.

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Q2 Smart Lockers

I have worked with the GMI Group on many projects over the last 4 years. I have always been satisfied with the quality of the commissioned works, which were made by Mikołaj Lehman and his entire programming team.

GMI has unique skills to translate ideas into reality. They are very efficient, discreet and, above all, trustworthy.

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List of tools that we use for RetailTech blockchain software development

Technologies we use

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