An OPEN Opportunity for Developers - OPEN Platform Decentralized Payment for Application

dale1075 (26)in #developers • 7 years ago (edited)

A Vast Market for Applications Developers

It is a great time right now for applications developers. People who translate software requirements into workable programming code and maintain and develop programs for use in business(AGCAS). They specialize in a specific development field, such as mobile phone applications, accounting software, office suites or graphics software, and having an in-depth knowledge of at least one computer language.
Opportunities abound as we are living right now in the cyber times. Adding to it is the the historic development of Blockchain technologies that provided incredible benefits to application developers. Blockchain has created an avenue for applications developers to fully implement the ideas they have conceived into realities. But despite the vast capabilities of Blockchain technology, technical limitations exist in providing decentralized solutions for required core aspects of how applications function in a conventional setting.

Image: lannettechnology.com

The Technology Challenge

But despite of this development, presently, there exists no easy solution for application developers to integrate blockchain technologies into their core infrastructure. Infrastructure to accommodate an application’s specific pricing scheme and the ability to determine which users on a decentralized platform have met conditions of a specific pricing scheme, i.e paid or have enough in application currency, are lacking. Specifically, developers require a way in which they can integrate a decentralized payment gateway into their application’s custom payment scheme that is able to accept any cryptocurrency and synchronize such transactions with their existing backend.

In addition, centralized systems display incredibly inefficiencies that can easily be eliminated by incorporating aspects of a decentralized stack. Consider an example when using a centralized system to host or operate an application. Often times developers must go through a long auditing process by a centralized figure in which every single application update is scrutinized, often resulting in long backlogs for developers to publish their latest update containing a more efficient data structure or pricing model. Further issues with payment verification gateways exist as the current flow of in-app purchases go through countless processes and third-parties, adding unnecessary time and cost until reaching the developer’s account. OPEN provides a solution to this problem by utilizing systems of sophisticated smart contracts as transaction and verification tools for software applications. Not only do payments come faster, they come at lower transaction costs with the added benefits of a trustless environment. This enables unique benefits for the application developer and it’s users.

The OPEN Platform Solution

With OPEN Platform, application developers can deploy any application instantly to any smart contract blockchain. Below is a high level overview of the workflow for both developers and application users through the OPEN architecture, as well as where the API fits in.

OPEN platform interacts on the blockchain to form a decentralized payment verification gateway that can accommodate the flexibility of numerous pricing schemas required by any conventional or unconventional applications. Further enabling a decentralized stacked solution that securely connects user payments to a centralized database, which is often required for application architecture in accepting cryptocurrency based payments. This architecture leverages blockchain for things it excels at: being an immutable data anchor, while utilizing existing centralized infrastructure to handle other application requirements, such as data storage and scalable computational power. It is not currently necessary, efficient, or realistic to decentralize everything within this stack and as a result OPEN has created a modular solution that can be easily integrated into existing applications, enabling many traditional applications to utilize blockchain architecture. OPEN creates a needed developer payment gateway solution that is fully self-contained and simple to implement on pre-existing infrastructure. Switching from a centralized to a decentralized payment gateway through this method can be as easy as using a function call, providing unique benefits that can be acquired with minimal integration resources.

The OPEN platform features

OPEN has created a blockchain agnostic platform with a comprehensive API structured to specifically create ease of access and integration into pre-existing application infrastructure. The OPEN API abstracts away the complexities of the OPEN platform’s decentralized architecture by introducing an application layer across a decentralized platform developers can connect to with their existing codebases. This makes it easy for a developer to switch out centralized functions, like a payment gateway or a hosting environment, for functions that utilize OPEN’s decentralized application platform. The high level overview of the workflow for both developers and application users through the OPEN architecture, as well as where the API fits is shown below.

The OPEN architecture features the following:
1. Powering end to end decentralized payments and payment verification for apps
With OPEN platform, you can instantly deploy your B2B, Consumer, or Gaming application with any payment scheme over any smart contract blockchain. You can accept any cryptocurrency for your product or service and track your user’s payment status with no solidity knowledge required.

2. The OPEN Scaffold and The OPEN API

OPEN will enable your application to accept users automatically and verify purchasers on the blockchain. With this you can manage volatility in accepting cryptocurrency with your application. This will enable the benefits of decentralized architecture and the strength of your back-end together.

3. Providing Perfect Solution for Web and Mobile App Developers
The OPEN platform will also enable any custom in app currency or payment setup over the blockchain, meaning, no app store required. You can track user payment states through the OPEN State and verified purchase receipts. There is also a built-in mechanisms to protect against market volatility, fraud, and chargebacks.

4. The OPEN Token

A Unique Token Design

The OPEN Token is utilized to power the OPEN Scaffold Protocol. Scaffolds are used by developers to deploy and run their applications and interact with users over every smart contract enable blockchain

Smart Monetization

OPEN Token will further be utilized to access the OPEN Node Service and can be utilized by users to obtain a premium on all in-app purchases.

For Application Developers by Application Developers

The OPEN platform is a system created by Application Developers to be used by Application Developers. It features important features like:

App Payment Gateway. OPEN’s payment gateway acts as any other centralized payment gateway except that it will feature faster transaction times, lower fees, and verification through the blockchain. Developers can access the payment features via OPEN API in the same way that they use third-party payment gateways, making cryptocurrency accessible to any application immediately.
Gaming App Flexibility. Game and app developers can choose to hold payments in ETH, convert to another cryptocurrency or even fiat, at point of sale. Enabling successful fiat based gaming apps to immediately tap into the cryptocurrency market and accept cryptocurrencies.
Enable Decentralized Users. OPEN State serves as a decentralized and secure receipt of ownership. Once propagated by our OPEN Scaffold, the receipt of user payment is stored on the blockchain, and can be viewed by developers or users at any time. Enabling the process of verifying payments over a blockchain, bringing required verification by developers for decentralized applications and their decentralized payments.
Replace App Stores and Third Parties. The system will accept payments in a trust-less environment while eliminating significant fees of hosting and payment environments such as app stores. Utilize OPEN’s Scaffolds to accept cryptocurrency for any payment scheme your application may use with immediate transactions and no waiting periods to receive your funds.

The OPEN Platform will foster the use of cryptocurrency in mainstream software and solving blockchain distribution and cryptocurrency for all app developers. The OPEN Platform is the way for mainstream software developers to both distribute and monetize their applications on the blockchain.

The OPEN platform is developing the backbone and future infrastructure required by software application developers to increase adoption and utility of cryptocurrencies. OPEN will open-source all tools of it’s platform and implement a utility token to support the OPEN platform project. By pushing this platform forward, OPEN promotes mainstream blockchain adoption by providing required tools for applications and creating open-source tools for the community. This project leverages the incredible amount of work being done to make protocol level improvements, while supporting the application layer that enables the use of this infrastructure by applications and their developers.

This is the OPEN promise to Application Developers!

Note: Content of this article were extracted from OPEN Website and whitepaper.

For more information about the OPEN Platform and their team, check out their Website.

You can download their detailed information about the project from their whitepaper.

#blockchain #decentralize