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How Oil And Gas Mobile Apps Improve Productivity and Safety

Posted on by Shipra

Not a single industry can think of operating without digitalization and technologies. Let’s take an example of oil and gas industry. It’s huge. Lot many stakeholders are involved in a single transaction. And, the timeline to complete projects and meet deadlines is often a challenge. Here, technology and digitalization is the utmost crucial and basic thing. The projects in oil and gas industry requires efficient management to get accomplished in a stipiulated time.

Energy industry apps

Any delay in the process or stoppage can lead to huge financial losses for the industry. Different oil and gas companies such as Exxon mobil, Indian oil corporation Limited often made huge investments in tools and technology but still there are several issues such as lack of integrity, mobility etc which are observed. The industry still involves a lot of paperwork which also raise several complicated issues.

Various industries are taking advantage of these mobile app technologies for accomplishment of the workflow, streamlining of their work and to increase their productivity. Therefore, use of mobile apps will provide several distinct advantages and along with that it has come up as the basic necessity for the oil and gas industry as well.

Oil And Gas Mobile Apps To Improve Productivity And Safety

 

 

Collection of accurate data

As the industry uses a lot of paperwork, getting the accurate information out of it is a challenge and it is most likely that errors may occurs. These errors can affect the  process time and also create confusion for the employees. Hence, with the help of mobile apps the work can be done with ease as it will replace the paper based manual approach. And, the data obtained with the help of technology will be more accurate as compared to the data obtained from the paper-based method. Hence, overall this will be beneficial for the company.

Easy monitoring and reporting

The mobile applications which are sort to be used in the industry not only contribute to save the time, but it also ensures that the time spent by the workers and technicians is efficient as well for the company. With these mobile applications the workers can update real time information of several task and activities by their mobile devices. Along with this, the senior officials of the company can track the productivity of workers and technicians more efficiently with just few clicks from their mobile devices thereby providing easy determination of the work. In all,oil and gas mobile apps ensure the efficiency of entire workforce and field-force management involved in operations.

Fuel and Asset Management

Further, it delivers information about the remote monitoring, tracking of the fuel consumption, forecasting, alerts, reports etc so that the company can manage the fuel in a better way. The assets can also be managed with the help of the mobile applications with the help of scanning of the bar code attached to them.

Streamlining of the complex processes

The field-force management cannot afford to waste their precious time on manually providing or scheduling projects through paperwork or spreadsheets to the staff. Here, use of mobile apps will make their work easier as with the help of these apps, the workers can have access to the required information from anywhere and can store that information in their mobile devices as well. Thus, the operational processes will be streamlined with the apps help and thus will provide benefit to an industry where time is the most important factor for the success.

Safety of the employees

Safety is the most prominent issue for a worker of any industry and it is one of the important factors in oil and gas industry. These mobile applications empower the employees to work in safety and that too productive by installation of the new equipment’s and inspecting and maintaining the existing ones.

The mobility solution is easy to use and with the help of these before arrival of any major issue solutions can be made. It helps in building up a safe and simple environment for work and prevents accidents, danger to human life and are cost efficient. Also, it eliminates any sort of wrong data entry by the workers during the operation checklists and various safety checks.

Increased efficiency and quality

The operational efficiency is magnificently rocketed up with the help of these mobile apps as the manual based paper work is replaced here with the faster data entry processes.

With the help of these mobile applications the workers or the technicians need not have to wait for the end of the shift or to wait till they return from the office to update the task they performed, it can be instantly done with the help of these mobile apps. These mobile apps also help the management as it provides the management the information’s about the on-goings and the accomplished tasks of the field. The maintenance work is reduced by these mobile apps and it increases the usage of the available resources.

Mobile analytics and dashboards

The various oil and gas mobile applications provide proper analysis of the real-time factor which helps in effective and better decision making. The user gets information about the drilling operations, progress regarding drilling process, reports about the production, details about mud-weight,  etc.

Elimination of network connection problems

Well network connection is a major issue for online work, but these mobile apps are solution for that too, as they offer the capability with the help of which the employees are not dependent on network connection to access information and access it even if they are not in the network range.

The data gets synced automatically when they return to the network range. Thus, it will not lead to any delay in the processes and also the important information will be provided to the workers.

Safety procedures through geo-location

The mobile devices are enabled with GPS that helps in determining the location. It can play an important role and can be helpful in various situations. As in case of leakage any leakage it can help you find the nearest technician. Hence,the oil and gas industry can advance their safety procedures through geo-location and various fields of technology.

Wrapping up :

Although these mobile applications can change the entire landscape of the oil and gas industry as of now they are not as popular as they should be.

According to the CIO survey by oil and gas IQ,  it states that 55% of CIOs believe that these mobile applications will definitely be more efficient and useful for the industry yet only the 16% of these executives have employed a mobile strategy in their organization till date.

But, it is expected that after some span of time these mobile applications will take over the oil and gas industry and will be a revolutionary action in the field.

iOS Or Android Application Development Company – What Will You Prefer?

Posted on by Shipra

There were days when Blackberry and Nokia phones used to be everyone’s favourite possessions. But, things have changed now. Have you seen anyone with a smartphone having an operating system other than Android or iOS?Do you see any Blackberry or Windows phone often? Of course, no.  Android and iOS have dominated the whole smartphone market.

iOS or Android Application

Battling for customer’s affection, the war between Android and OS has gone too far. The market consists of an Android-iOS duopoly now. In fact, only these two mobile platforms are ruling the world. So, it will be better to choose one and use it in a wise manner. Yet, which one will you prefer for developing an app? Will you hire an Android application development company or an iOS application development company?

Android or iOS: Which one to opt for?

Want to know an interesting fact? Google’s Android and Apple’s iOS account for 99.8% market share.  Also, the forecast for worldwide smartphone shipments and operating system market share shows that it will amount to a whopping 1.74 billion in 2021.

chartoftheday

According to a forecast by IDC, this Android versus iOS war will be on for more years to come. So, which one is a better option between Android and iOS? What are the different aspects we need to consider for choosing the best platform? Keep reading to know more.

1. Business Attributes

Do you want your app to be popular? Do you want your iOS or Android application development company to flourish? Thinking about a profitable business? Then, believe it or not, it also depends on the platform you choose. How? Let’s have a look!

  • Number of users and market share

According to Statcounter, Android owes 74.64% of the world’s mobile market, which is more than three times the iOS platform(19.84%). So, it is clear that Android has a greater reach and number of users than its competitor. Though the income levels and spending capacities of iOS users’ are more, Android is the king and it has the largest global platform share.

  • Revenue model

According to the Gartner press release, the Android devices have more than 85% of global smartphone sales in 2017 whereas iOS is only at a market share of 14%. So, you may think that if Android has a base of more than 2 billion smartphones, it also has a larger revenue. But, you are wrong. Although iOS makes everyone pay for their apps, they still earn more revenue.

Why does the revenue model favour iOS? The answer is “monetization”. This is due to the willingness of iOS users to spend on app purchases as the iPhone user group comes from a section that has a higher capacity to spend.

chartoftheday

In 2017, Android users have recorded 70% of global app downloads but the total app consumer spend is only 34%. The interesting fact is that this trend has been there since 2014 and 2015. However, if one looks at the consumer app spend of iOS users from 2012 to 2015, it has remained at an average value of 68.5%.

Thus, if one wants a more direct and advanced revenue model, iOS will be a better choice over Android.

  • Downloads

The revenue model comparison might make you feel that iOS app development is definitely more profitable. But, it may be obvious that Android has more app downloads than iOS. Why is that so? Android apps raise lots of money from ads. Besides, this means that more the number of downloads more is the number of users. As the number of users increases, there will be more profit from ads.

According to App Annie, in 2016 the Google Playstore got more than 75 billion downloads. But, the App Store recorded only a little more than 25 billion downloads in the same year.

Thus, if one is looking for a more profitable platform with in-app and in-advertising revenue opportunities, Android app development is the best.

2. Technical Attributes

Technical factors are the most important components while choosing a platform for an app. Want to know that which OS favours easier and cheaper ways? Let us get into the details!

  • Development complexity and devices

When one considers development complexity, Android is a bad idea as it can take much more time than iOS. This because of something called ‘Android fragmentation’.

‘Fragmentation’ is all about a large number of devices within this operating system that come in all shapes and sizes, different screen sizes and aspect ratios with much difference in performance levels. Developing on Android platform means that your app should be compatible with any type of device.

According to statistics, not even 30% of the users use a similar Android OS. Considering this difference while building an app makes it more difficult for any Android application development company.

android

Source: Plusqa

Source: Plusqa

However, the sector of iPhone app development services will attract a lot of iOS developers because their lives are easier. There are only a limited number of devices running on iOS that include iPhone, iPod and iPad. Also, statistics show that more than 60% of users have updated their OS to the latest version i.e. iOS 11. No doubt, for such a narrow range of operating systems and devices, the development process flows faster.

Moreover, multiple smartphone vendors run the Android OS whereas Apple has exclusive rights for producing iPhones and iPads.

  • Development time, tools and costs

Who doesn’t want to save time and money? Everyone does. So, which platform is not cheap? Of course, Android again. Due to the issue of fragmentation, an Android application development company might find it time-consuming for developing an app. But, an iOS developer will have less work to do.

Android developers may take thrice the time period to create a mobile app than an iOS developer. This is despite the fact that the Android platform uses easier programming languages such as Java or Kotlin. The iOS developers use Objective-C or Swift for app development. Thus, if you are considering to save your time and resources, better to choose iOS.

Let us come to the development costs for building apps. This is funny because here it’s a draw. Neither Android nor iOS has an edge over the other. How?

  • Android: It is costly to build an Android-based app. This is because you’ll need to design for a large number of varying operating systems and devices. But, one can install Android Studio (the IDE for Android app development) on any computer with Windows, Linux or even Mac.
  • iOS: It uses an IDE called Xcode for designing iOS apps. But, the disadvantage is that this IDE works only on a Mac. So, if you are ready to spend loads of money, buy a Mac with your iPhone.

  • Publishing and restrictions

Once you have developed your app, you have to publish it to the app store. This step is crucial because all your efforts will pay off now. Android wins when it comes to publishing. Be it the one-time payment of $25 or the live beta testing, Android helps developers to launch with fewer restrictions. In only a couple of hours, the app goes live and is available for downloads. Also, Android allows you to develop an app without any subscriptions.

On the other hand, the iOS developers have to subscribe to the Apple’s subscription program for developing an app. Besides, Apple App store sets an annual fee of $100. A strict process involving legal liabilities makes the publishing process very rigid. It might even take weeks to publish an app. So, if you are mentally prepared for a tough adventure, opt for iOS.

3. Demographic Attributes

Knowing your target-audience is necessary to make your app successful.

If your users live in North America and Western Europe or favour entrepreneurial professions, opt for the iOS platform. iOS can also be your choice if your users spend more money on the internet and in-app purchases.

But, if your users are from  Asia, South America or Eastern Europe, Android will benefit more. If your audience appreciates price-quality ratio and is more interested in ads within apps, go for an Android application development company.

Signing off…

To sum up, one can say that there’s no universal solution for opting between Android and iOS. Each platform has its own benefits and drawbacks. The choice of the platform depends on various aspects and needs. Yet, knowing your target audience can always be beneficial.

If your audience is a part of emerging markets, then hire Android app developers. But, if you own a start-up and have limited resources, then hire iPhone app developers. So, what comes first for you? Is it Android or iOS?

We Are Going To Attend Gitex Technology Week 2018, Dubai – See you there!

Posted on by Shipra

The most important and most awaited The Gulf Information Technology Exhibition (GITEX) Week is on the way. GITEX is the premier technology event in the Middle East, Asia and Africa.

gitex 2018

For the 38th time there is the GITEX Technology Week on 5 days. It is going to start from Sunday 14.10.2018 to Thursday, 18.10.2018, at Dubai World Trade Centre, DWTC, United Arab Emirates. The exhibition will run from 11 am to 11 pm on all days.

GITEX Technology Week 2018, Dubai

For startups, entrepreneurs, and businesses, it is by far the most important trade fairs in the United Arab Emirates in the field of computer and electronics. And, this 5-day event is going to become one of the biggest technology gatherings for top decision makers as well as governments at a global level.

It’s a platform to connect with some of world’s leading personalities and successful ‘technocrats’ who will help you uncover new perspectives, explore game-changing  ideas and master the smart adoptions that will help you advance.

Well, the GITEX event annually hosts over 184, 000 trade visitors and delegates from more than 140 countries, with over 4000 world class exhibitors from nearly 97 countries.

Conference verticals in this event:

  • Smart cities
  • Energy
  • Healthcare
  • Education
  • Retail
  • Finance
  • Digital marketing
  • Transport and logistics

SoluLab is going to attend this special business event. Let’s connect and discuss your business ideas, innovations and creativities. We are excited to share our insights on the future of blockchain technology and how it disrupts various industries at this event..

Also, Dubai World Trade Centre, which hosts this special technology exhibition, has reduced entry ticket for the upcoming Gitex Shoppers Autumn edition by 33 per cent from Dh30 in 2017 to Dh20 this year.

Want to boost your knowledge on Blockchain technology and its future?

You can book your tickets HERE.

What Should be the Ideal Cost to Launch an ICO Successfully?

Posted on by Shipra

Cost to Launch an ICO

One of the Blockchain development services that no one needs to introduce is the initial coin offering. What was once a very speculative approach to money raising has evolved into one of the most popular ones today.

ICOs have shown their value in the market despite the numerous failure tales.

Let’s review the ICO market as it is right now:

The amount of money that companies are able to raise through initial coin offerings (ICOs) is constantly increasing, as are the success stories of Blockchain enterprises that used the platform to raise money after learning how to create an ICO.

Our goal in going over each of these elements in-depth today is to provide you with better cost estimation tools so you can plan your ICO launch budget and make informed decisions. Without any more delay, let’s start by discussing the total cost to launch an ICO and its cost breakdown.

ICO Cost Demarcation by Service

Although launching an initial coin offering (ICO) is a difficult procedure, understanding the several aspects that influence the total expenses will help you make more informed financial decisions. In addition to providing assistance with the legal requirements necessary for conducting a successful initial coin offering (ICO), committed blockchain app development specialists can help you better grasp the expenses.

1. ICO Consulting

For many entrepreneurs, ICO Consulting—which is frequently disregarded due to its obviousness—can make or destroy their business. Actually, one of the main reasons why the entire procedure can fail might be the service alone.

As an entrepreneur preparing to launch an initial coin offering (ICO), there are several factors you need to take into account. These are things you only learn about when you consult with an organization that provides ICO services.

Talking to them gives you an idea of a lot of things, which in the end helps you not only approach initial coin offerings (ICOs) with more confidence and readiness but also enter the Blockchain business with comprehensive knowledge about the field.

The following are the other services that fall under the general category of ICO consulting provided by ICO Companies:

  • ICO Planning
  • Drafting and Auditing White Papers
  • Creating Tokens and Marketing
  • Website Development
  • ICO Listing Process
  • Post Launch Activities

The minimal initial coin offerings cost is between $8,000 and $15,000.

2. Drafting and Auditing Whitepapers

The success of an ICO and its launch expenses can be largely determined by the quality of its whitepaper. It’s a prerequisite for starting an initial coin offering. When written in great depth, a whitepaper aids in explaining to potential investors the nature of the project, its implications, and its overall scope.

Your whitepaper’s contents will outline the viability of your proposal, the issues it would resolve, and the ways in which the sector you intend to decentralize will profit from blockchain technology.

Whitepaper drafting and auditing costs associated with initial coin offerings typically range from $8,000 to $20,000.

3. Blockchain Development

The next step in launching an ICO involves developing a Blockchain solution, which encompasses various aspects such as Token Creation, ICO Smart Contracts, and MVP development. Creating a token or cryptocurrency is essential for ICOs, where investors receive these in exchange for their contributions, whether in fiat or cryptocurrency. Developing an MVP provides a clear vision of the Blockchain ecosystem’s functionality. Additionally, investing in Smart Contract development is crucial to safeguard investors’ interests, ensuring transparency and trust in the token distribution process. It’s imperative to engage a reputable blockchain development firm to ensure the ecosystem is secure, scalable, and resistant to hacking attempts.

This phase is pivotal and often the most costly in ICO development. The cost of launching an ICO typically ranges from $15,000 to $50,000, depending on the complexity and scope of the Blockchain solutions implemented.

CTA1

4. ICO Website

One of the most crucial components of the whole fundraising process of a successful ICO launch is the website you offer for the launch and subsequent promotion of your initial coin offering. Not only will the website include information about your concept, product, and whitepaper, but it will also be the first place investors look to learn about your project.

Many business owners actually run the entire fundraising and token distribution process from their websites, so it’s crucial to make sure the website design is fluid and easy to use and that the entire ICO development process is carried out in a way that makes the website secure from hackers and prepared to handle the influx of funds.

Creating and designing a successful initial coin offering (ICO) website will have a beginning price ranging from $15,000 to $25,000. A seasoned ICO development business can provide you with precise pricing depending on your needs.

Read Also: How Much Will Blockchain Development Cost in 2025?

5. Cryptocurrency Wallet

Having a cryptocurrency wallet in place is incredibly helpful for your investors to preserve all of their coins together, even if it’s not required. By doing this, customers are provided with a handy platform that allows them to quickly check the number of cryptocurrencies they own and can afford to invest in.

This extra feature, which raises the perceived value of your product in the eyes of investors, can start at $15,000 and go up to $60,000.

Let’s outline how much does it cost to launch an ICO based on the major decision factors:

ICO Services Estimated Cost
ICO Consultation $8,000 to $15,000
Drafting and Auditing White Papers $8,000 to $20,000
Blockchain Development $15,000 to $50,000
ICO Website $15,000 to $25,000
Cryptocurrency Wallet $15,000 to $60,000

How ICO Works?

An Initial Coin Offering (ICO) is a fundraising method used by blockchain-based projects to raise capital by issuing and selling their own cryptocurrency or token. Here’s a step-by-step overview of how an ICO typically works:

1. Idea and Whitepaper Creation

  • Conceptualization: The process begins with a project team coming up with a blockchain-based idea or solution.
  • Whitepaper: A comprehensive whitepaper is created, detailing the project’s objectives, technical aspects, tokenomics (token economics), and the problem it aims to solve. The whitepaper also outlines the team members, project timeline, and the funding requirements.

2. Preparation and Pre-ICO

  • Team Formation: Assemble a team of developers, advisors, legal experts, and marketers.
  • Marketing and Community Building: Promote the project through social media and forums.
  • Pre-ICO/Private Sale: Offer tokens at a discounted rate to early investors.

Related: Top 10 ICO Development Companies

3. ICO Launch

  • Announcement: Set and announce the ICO start and end dates.
  • Token Sale: Sell tokens to investors, typically in exchange for established cryptocurrencies like Bitcoin or Ethereum.
  • Smart Contract: Deploy a smart contract to automate the token sale and ensure transparency and security.

4. Post-ICO

  • Token Distribution: Distribute tokens to investors after the sale ends.
  • Exchange Listing: List tokens on cryptocurrency exchanges for trading.
  • Project Development: Use the raised funds to develop the project according to the roadmap.
  • Regular Updates: Provide ongoing updates to the community and investors.

5. Regulatory Compliance

  • Legal Considerations: Ensure compliance with relevant regulations, including KYC (Know Your Customer) and AML (Anti-Money Laundering) procedures.

How to Launch an ICO?

How to Launch an ICO

Launching an ICO involves several key steps to ensure its success in the competitive crypto market. Firstly, ICO platforms play a crucial role as they provide the infrastructure for hosting and managing token sales. Choosing the right platform is essential, considering factors like user base, security measures, and regulatory compliance.

Here is the process of how to launch an ICO in brief:

  • Choose the Right ICO Platform: Select a reputable ICO platform from the most successful ICOs that aligns with your project’s needs, considering factors like security, user base, and compliance with regulations.
  • Prepare a Comprehensive Whitepaper: Craft a detailed whitepaper outlining your project’s objectives, technological framework, tokenomics (token economics), and the team’s expertise.
  • Develop a Clear Roadmap: Create a roadmap that outlines key milestones, development phases, and timelines for the project’s implementation.
  • Build a Strong Online Presence: Establish a robust online presence through social media channels, crypto forums, and industry publications to attract potential investors and build community support.
  • Engage with the Crypto Community: Actively engage with the crypto community by participating in discussions, and forums, and attending relevant events to enhance visibility and credibility.
  • Learn from Successful ICOs: Study successful ICOs to understand their strategies for transparency, community engagement, and investor relations.
  • Ensure Regulatory Compliance: Navigate regulatory frameworks carefully, ensuring compliance with local laws and regulations regarding securities and cryptocurrencies to avoid legal complications.
  • Execute a Comprehensive Marketing Strategy: Implement a targeted marketing strategy that includes digital marketing campaigns, PR efforts, and partnerships to reach a global investor audience effectively.
  • Conduct a Token Sale: Launch the token sale with clear terms and conditions, including token distribution plans, pricing mechanisms, and investor protections outlined in smart contracts.
  • Post-ICO Support and Transparency: Provide ongoing updates to investors, maintain transparency about project developments, and ensure adequate post-ICO support to sustain investor trust and project credibility.

Where to Launch an ICO?

Launching an ICO requires careful consideration of the platform where the token sale will be conducted. The choice of platform significantly impacts the success and credibility of the ICO. Here are some key factors to consider when selecting where to launch your ICO:

1. ICO Platforms: There are specialized ICO platforms that facilitate the launch and management of token sales. Platforms like Ethereum, Binance Launchpad, and Polkadot offer robust infrastructures and access to a large investor base. Each platform has its own set of features, security protocols, and community support, so choosing the right one depends on your project’s specific needs.

2. Investor Access: Consider platforms that provide access to a broad and engaged investor community. Platforms with a strong track record of successful ICOs and a large user base can help attract more investors to your project.

3. Security Measures: Ensure that the ICO platform you choose implements rigorous security measures to protect both the project and investors from potential cyber threats and fraud. Look for platforms that offer smart contract auditing, KYC/AML compliance, and escrow services to enhance security and trust.

4. Regulatory Compliance: Evaluate the regulatory environment of the platform and ensure compliance with relevant laws and regulations. Platforms that uphold regulatory standards can mitigate legal risks and enhance investor confidence in the project.

5. Token Liquidity and Exchange Listings: Consider platforms that provide opportunities for token liquidity post-ICO. Access to major cryptocurrency exchanges for listing your token can significantly increase its market liquidity and trading volume.

6. Community and Marketing Support: Look for platforms that offer community and marketing support to help promote your ICO. Platforms that facilitate community engagement and provide marketing resources can enhance visibility and attract more potential investors.

7. Technical Capabilities: Assess the technical capabilities of the platform, such as scalability, transaction speed, and interoperability with other blockchain networks. These factors are crucial for ensuring the smooth operation and long-term sustainability of your project.

Choosing the right platform to launch your ICO is essential for maximizing visibility, attracting investors, and ensuring regulatory compliance. Conduct thorough research and due diligence to select a platform that aligns with your project goals and values, ultimately setting the stage for a successful ICO launch.

Challenges Associated with Launching a Successful ICO

  • Justifying Investors’ Benefits 

One of the primary challenges in launching an ICO is convincing investors of the ICO benefits. To attract significant investment, you need to clearly justify how your proposed token will function within the economy and address actual problems through your blockchain solution. This involves substantial groundwork to ensure that your vision for the cryptocurrency and the overall project is realistic and valuable in the real world. Achieving this level of clarity and feasibility is not straightforward and demands thorough preparation before entering the market with a decentralized solution.

  • Proving Your Brand’s Authenticity 

The proliferation of fraudulent ICOs poses a significant hurdle. With numerous scams and deceptive businesses entering the ICO market, investors are increasingly cautious about engaging with new projects. Establishing your legitimacy amidst this skepticism is challenging. However, our team of experienced ICO developers has developed strategies to demonstrate the authenticity of our clients’ ICOs:

  • We never claim that the cryptocurrency’s value will double in a short period.
  • We ensure that the ICO website features a knowledgeable and transparent team with verifiable blockchain expertise.
  • We create comprehensive and detailed whitepapers and websites.
  • We avoid proposing open-source code and ensure repositories like Sourceforge or GitHub are complete and thoroughly documented.

  • Securing the Entire ICO Process 

The ICO market’s future, despite fluctuations, is heavily influenced by security concerns and fraudulent activities. Modern hackers are increasingly sophisticated, necessitating a highly skilled development team to mitigate risks. We implement several security measures to ensure the integrity of the ICO process:

  • Two-factor authentication
  • Multiple verifications of the smart contract’s code and terms and conditions before and after the ICO launch
  • Mandatory SSL encryption for the website

These are some of the ways our team at SoluLab, a reputed blockchain development company, ensures that your ICO process is 100% secure, minimizing the risk of attacks.

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Conclusion

As previously disclosed, the entire expense for launching an ICO ranges from $40,000 to $200,000. Additionally, the costs involved in conducting an ICO successfully rely on a number of variables that we have covered in length above. It’s important to realize that you can only produce effective whitepapers, create a reliable cryptocurrency wallet, and effectively launch an ICO website if you work with hard-wired blockchain experts.

SoluLab is a leading ICO development company with a dedicated team specializing in cryptocurrency projects. Our expert blockchain developers are pioneers in the cryptocurrency ecosystem, offering extensive experience and cutting-edge solutions for your custom project requirements. We guide you through every step of the ICO process, from initial concept and whitepaper creation to token development and secure smart contract deployment. Our team ensures your project is built on a solid foundation with the highest standards of security and transparency. With a proven track record of successful ICO launches, SoluLab is your trusted partner in navigating the complexities of the cryptocurrency world. Contact us today to start your ICO journey with confidence.

FAQs

1. What are the essential components of a successful whitepaper?

A successful whitepaper should comprehensively outline your project’s vision and how it addresses a specific problem. It should include a thorough market analysis, a detailed product roadmap, and an explanation of how tokenization resolves the identified issue. Additionally, the whitepaper should provide an overview of the team, details on the token generation model, and a clear distribution plan for the ICO tokens. Including a project timeline and milestones will help convey a structured approach to potential investors.

2. How do I launch an ICO?

Launching an ICO involves several critical steps. First, develop a product idea that requires an ICO for funding. Conduct thorough market research to understand your competitors and identify your unique value proposition. Address all legal requirements according to your country’s regulations to ensure compliance. Next, create the ICO token and draft a detailed whitepaper that clearly communicates your project’s objectives and plans. Finally, launch a professional website to present your ICO to potential investors.

3. How much time does it take to launch an ICO?

The timeline for launching an ICO can vary depending on specific project requirements and the complexity of the development process. Partnering with an experienced blockchain development company can help streamline the process, offering a clearer development timeframe tailored to your needs. Such a company can provide the expertise needed to navigate the various stages of ICO preparation and execution efficiently.

4. What legal considerations should be addressed when launching an ICO?

Legal considerations for launching an ICO include understanding and complying with the regulations in your jurisdiction. This may involve registering with financial authorities, implementing Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures, and ensuring full transparency in your project documentation. Addressing these legal aspects is crucial to avoid regulatory issues and build investor trust.

5. How important is security in an ICO launch?

Security is paramount in an ICO launch due to the increasing risk of fraud and cyber-attacks. Implementing essential security measures, such as two-factor authentication, multiple verifications of smart contract code, and mandatory SSL encryption for your website, is crucial. These steps protect investor data and ensure the integrity of the ICO process, helping to prevent breaches and build confidence in your project.

 

5 Healthcare Startups Monetizing Health And Wellness Via Blockchain

Posted on by Shipra

It has been said multiple times that blockchain technology has potential to disrupt healthcare sector. But, here we present real life examples of healthcare startups monetizing health and wellness businesses via blockchain solutions.

5 Healthcare Startups Monetizing –
Health And Wellness Via Blockchain

The blockchain disruption has paved its way to the healthcare sector, and it’s only the commencement of what all is promising. One of its stepladders is entrance in mHealth apps. Further, blockchain-based mHealth apps enable payment for fitness and health-related products via tokens.  It also helps tracking of health data in real-time. The decentralised platform provides a superior way of monetizing data generated by health and fitness apps and related devices.

As per CoinSchedule, “Blockchain development presents a huge opportunity for personal trainers, sport fitness specialists, health insurance and even dietician as they would profit from the cross-platform connecting the various source of fitness and wellness data.”

The below mentioned Blockchain startups in Healthcare have already embraced this technology and are monetizing health and wellness.

healthcare startups

How SoluLab Paved A Way For ZeCash To Launch A Successful ICO?

Posted on by Shipra

Is it you who want to launch your very first ICO but hesitant enough to go ahead? Not sure how things will move ahead and what probably can go wrong? Sit and read through this article and know about the successful journey of ZeCash till date. How it started with an idea and reached till the stage of successful implementation?

Introduction of ZeCash (ZCH)

ZeCash in a one word is the “next-bitcoin”. It is a new bud in the world of cryptocurrencies that holds strong potential. Needless to say, it is ERC20 Compliant.

ZeCash

Role of SoluLab at ZeCash

SoluLab joined hands with ZeCash in the month of May 2018 and walked with them in the entire journey of successful ICO launch. The Co-Founder of SoluLab, Mr. Chintan Thakkar and an expert blockchain developer Mr. Akash Gianchandani are active members of this near to completion project.

ZeCash Team

Step by step approach followed by SoluLab for successful ICO launch: ZeCash

Designing and development of a website that converts

According to the stats of the year 2017, nearly, 50 ICO launches on monthly basis.

And 80% of them fails. One of the factors that lead to the success of fundraising is a strong online presence. The launch of ICO needs to be explicitly promoted online. And hence, other than a well-designed, well-thought website, nothing can be more important for the company’s successful ICO.

SoluLab designed and developed a website for ZeCash Limited. Our main aim while building a website was to not only provide information and convince users but also be honest and sincere.

Salient features of the website:

  • ICO landing page containing the entire information that a potential investor needs e.g.
    • Documentation of the project documentation
    • Team members of the project
    • Start date and end date
    • Caps
    • Other required legal information
  • Designed and presented in such a way that attention goes to the main mission of the project
  • Detailed information about fundraising processes and milestones
  • Detailed description of token and ICO roadmap
  • Links to company’s page on different social media (Facebook, Twitter, Telegram, etc.) and contact details.

In all, the highlights of a website is it answers commonly asked questions like who the potential investors are and what the project future is.

SoluLab Tip: If you have a cryptocurrency project that needs funding, it’s the perfect time for you to start an ICO website to get some money into your pocket.

Preparation of Smart contracts

Imagine you have a meal coupon which you want to sell to a stranger. When you are not a public figure, it becomes challenging for you to gain buyer’s trust while selling it. Also, how can a buyer assure that the coupon you are selling is actually valid and original. Such issues are handled well by smart contracts.

Blockchain technology, through smart contracts, enables buyer and seller (who normally don’t trust each other) to transact without needing an intermediary. Smart contracts are self-executing contracts directly written into lines of code and agreed between buyer and seller.

We created smart contracts for ZeCash that provide distributed trustworthy calculations for blockchain’s distributed trustworthy storage.

Smart contracts that we created specify all the rules in the contract. These rules cannot be changed or modified by any user. In case, anyone wants to modify any condition, s/he needs to create a new smart contract.

Salient features of smart contracts prepared by SoluLab

  • A user can become a validator in just a single click
  • ZCH (1000 < ZCH < 100000) gets assigned to the user’s wallet,which a user can use to test the platform
  • 6 set of validators are already present on the platform
  • A user can also validate if randomly chosen by platform itself (again, that depends on ZCH wallet amount)
  • After validating block, X amount of ZCH will be given to the user depending upon CABS. This amount depends upon
  • After calculating rewards, new tokens are minted

Actionable ICO Advisory services

When we roam on the internet and social media, it seems like everyone is an ICO advisor or blockchain expert these days. Jokes apart, there are very rare blockchain enthusiasts and advisors who are experienced and can lend practical help in the form of actionable ICO advisory services.

We at SoluLab duly understand the fact that how important Blockchain projects are. Unlike common ICO advisors, we strive to bring value , make an impact and believe in our client’s project.

We started with the project evaluation guide and held the hand till the successful ICO launch.

Take a sneak peek into the entire ICO Advisory services:

ICO Advisory

ZeCash (ZCH) Token creation and ICO launch

SoluLab helped ZeCash in both token creation and distribution.

  • Price of 1 ZCH is $0.10
  • Token Hard CAP is $35,000,000
  • Token Soft CAP is $20,000,000$
  • Currencies Accepted in the exchange of ZCH are BTC / ETH / LTC / XMR / DASH / BCH

On having ZeCash tokens in the wallet, a user would be able to convert them into ZeCash coins, once they are released. A user will be issued tokens from a highly secured smart contract.

Proof–of–work (PoW) and Proof-of-Stake (PoS)

Proof-of-work is the process of mining cryptocurrencies. Under this process, a user (miner) installs a mining rig or powerful computer to solve complex mathematical puzzles to create a new block. Bitcoin is the best example of a cryptocurrency using proof-of-work. On the other hand, proof-of-stake is a novel way to validate cryptocurrencies.

We utilised a Delegated Proof-of-Stake (DPoS) consensus algorithm. Be informed, the proof-of-stake is contrary from the proof-of-work. There miners in a PoS system need to prove that they have access to a certain number of funds on the cryptocurrency network instead of having to carry out mathematical calculations. Under proof-of-stake, the creator of a new block is selected in a pseudo-random way, that depends upon the user’s wealth, also referred as ‘stake’.

Cyptocurrencies like Lisk, Nxt, Peercoin and Blackcoin currently run the proof of stake system. ZeCash has also joined the team.

The integral purpose of having miners do the work is to prevent attacks on a network, be it via a proof-of-work or a proof-of-stake algorithm. We implemented POS on a network so that first of all, all users need to have an access to at least some of the existing crypto coins. Then only, they are eligible to participate in creating blocks on the blockchain and potentially creating new tokens / coins.

SoluLab Tip: Comparatively, proof-of-stake systems are more efficient and environmentally friendly. Here, costs associated with hardware and electricity are much lower as compared to proof-of-work mining system

Combination of Coin Age Based Selection and Random Based Selection Methods

The aforesaid two methods are combined in ZeCash for the selection of blocks.

The creator of the next block in a PoS based Cryptocurrency is selected or chosen through various combinations of random selection plus wealth or age (the Stake.

Which contrasts to Cryptocurrency based on Proof-of-Work (PoW) such as Bitcoin make use of complicated cryptographic puzzles to mark transactions valid and create new blocks.

  • CABS (Coin Age Based Selection): Here, miner gets selected using ZeCash Coin Age. The coin age is multiplied with the stakes of coins. In order to compete, the age of coin must be >30 days. The greater the coin age is, the greater the chances of getting chosen as the forger is. Once selected, the forger can stay on the throne for <90 days.
  • RBS (Randomized Block selection): Here, the next miner is chosen by  combining the size of their stake and the lowest hash value. It is transparent because the sizes of stake are made public. Staking schemes are more environmentally efficient and also saves a lot on electricity for mining.

Features and Functionality of ZeCash

The algorithm on its own checks the list of active members at the end of every four hours. And if any member is found idle, it gets automatically removed and hence help eliminating spammers or fake accounts.

All users need to click on the button “Become A Validator” the bottom of the website home page. On clicking this button, the user will be redirected to the Dashboard page.

User’s Dashboard

test ether

In the user dashboard, the user needs to click on “Get Test Ethers” Button to get 1 test ether in their account. This credit will be used to provide the gas for the transactions they carry out.  On clicking the tab “Get Test Ether”, user will be able to view details like their address, balance, ZCH Earned and no. of Blocks forged.

blocks forged

Here, a user can enter any amount (up to 100000 ZCH). It will result in the percentage of stake, as mentioned below:

stake

On clicking the tab “See ZeCash in Action”, the user will be able to access the page of all validators present on the platform. The user will also be able to view the details like address of validators, amount staked by them, their stake (in percent)  and number of blocks forged by them.

other validators

On the basis of coins staked by all users, a random validator is selected for validation of the block in the blockchain. The randomly chosen validator can be seen on top of the page. When the user’s address is chosen for validating the next block, then they will be able to see the “Validate Block” button below their details. On clicking the button, the block will be validated and added to the blockchain and some amount of ZCH will be credited as reward in their account. This reward will be visible on their dashboard. On the other hand, if a user’s validator is chosen to validate the block, and they don’t validate the block, then one of the other validators will be validating the block.

Technologies used

technologies used for zecash

Takeaways for SoluLab – Success we churned 

The greatest qualitative distinction of ZeCash in relation to other cryptocurrencies is our orientation to practical application. We firmly believe that ZeCash has an immense potential to takeover Bitcoin. Because here probability of mining a block is not dependent on the quantum of work done by the miner. Instead, a user can mine and earn fixed interest with low fees. And, the transactions can be carried out at the speed of light with a guarantee of no pending transaction.

ZeCash team is aware of the fact that PoS ledgers have their own security issues. However, our combination of proprietary technologies has been built to work around not just 51% attacks and Fork Hacks, but also to resolve the issues of Double Spending, Stake Grinding and Synchronized Check Pointing.

The ZeCash team anticipates future in which cryptocurrencies become the predominant online payment option. Thus, the ZeCash project is devoted to optimizing our tokenomics for seamless integration into both existing point of sale protocols and the expanding world of crypto securities.

SoluLab Featured Among India’s Best by Clutch

Posted on by Shipra

This blog post is a guest content contribution by Clutch.Co. 

Turning dreams into reality: Through our development and design services, SoluLab helps clients convert their ideas and thoughts into real, premium products. Whether businesses want help strengthening their mobile apps and web presence or are in search of another software solution, SoluLab has the requisite experience, knowledge, and passion.

We add heart to technology, which has made our team one of the premier mobile app developers in India!

Thanks Clutch for acknowledging our Tech presence!

This highlighting of our app, software, and website design and development skills is thanks to the data collection and analysis of Clutch and The Manifest, sister business insight firms. By combing through analytics of market presence, experience, client satisfaction, and other scores, The Manifest and Clutch produce rankings that compare companies’ performance and quality across industries or countries.

clutch widget

We very much appreciate the acclaim of us as an industry leader within India and the testaments to our excellent service and skills, but beyond what the professionals have to say, SoluLab also wants to showcase some of the feedback that our previous clients have shared about their experiences with our company and their satisfaction with our final products.

Clients’ reviews of SoluLab – listed on Clutch

“I’m very happy with the work they’ve done for my company. We’ve received good customer feedback, and they’ve always been there in terms of support. They proved that they had the right people and the right amount of experience to get the product off the ground,” praised one client. “The transparency, quality of work, and support we’ve gotten from SoluLab—for the amount of money we spent—were excellent. They made sure we got the best value for money.”

clutch reviews

“They’re very easy to work with, which is a huge factor when dealing with contractors. Their communication is fantastic, and the quality of work is great. The reliability and stability of the solutions they provide is as good as I would produce myself, which is rare to find among contract workers. Their project management is off the chart,” raved a second client. “You don’t normally find developers of this high-quality at that cost. Their thoroughness on tasks is probably the second most impressive. They architect everything out really well, they’re easy to work with, and they’re technical, so they get it. They’re obviously smart guys technically. They also communicate really well.”

We greatly appreciate the trust that our clients have placed in our team as their technology partner and provider, and full-length reviews can be read on our Clutch profile if you’d like to read more details about what our customers have to say. SoluLab looks forward to continuing our collaborations and to cultivating quality software solutions for our clients and their businesses.

Please reach out if you have questions about our experience, want to hear more about our approach, or are interested in opportunities to partner in the future!

 

Get Set On For The Future Of Blockchain-enabled Social Media Marketing

Posted on by Shipra

Since the advent of mobile era, social media continues to impact the way industries operate and expand. The most emerging and enough talked industries are cryptocurrency and blockchain technology. And, the word-of-mouth popularity it gets is because of social media.   

Blockchain has immense potential to be the next big thing in digital marketing, social media and many other industries. The very first use of Blockchain technology was carried out to verify transactions made with digital currencies called cryptocurrencies. But as of now, apart from banking, finance, insurance, the technology finds it potential in various industries like education, healthcare, government and energy to name a few.

How Social Media And Blockchain Technology Impact Each Other?

Social media marketing is all about connecting with brands and communication with the right audience at the right time with the right content.

How blockchain fits here? Curious to learn about blockchain-enabled social media marketing?

Well, Blockchain technology eliminates barriers and builds transparency. Due to which everyone involved is aware of the transactions that are taking place. This transparency enhances trust between involved parties.

blockchain

In addition, companies, because of blockchain enabled social media marketing, will be in a better position to measure their marketing efforts, analyze ROI and strategize growth avenues.

Social media acts as the pulse of communication. It connects brands with the target audience and help converting them into consumers. Not to forget, influencers play a great role in opening doors for brands to reach a pool of right audience.

The role of blockchain between social media marketing and brands

Blockchain technology is transforming the online business world. Hence, brands must reckon the way they do business moving forward. Understand how blockchain-enabled social media marketing will impact the entire ecosystem. 

Impact on influencers

There is no argument to the speculation that the blockchain will put an end to the difficult advertising income issues for influencers. Instead, doing transactions with the help of cryptocurrencies is safe, secure, simple and transparent.

Under blockchain-enabled social media marketing, transactions will be carried out in digital currencies. The transfer of digital currencies will help influencers to get paid on time regardless of boundaries. Unlike fiat currencies, there is no international transaction charge in cryptocurrencies. And, such transactions are done in fraction of minutes.

Impact on brands

Furthermore, with the help of blockchain-enabled social media marketing, brands will be in a premier place to ensure that their digital content is shared among social networks. They can be at peace that influencers will share their personalised content to the target channels of their choice where their target consumers roam online. In addition, both parties will be able to get together on social media content, track the posted data and plan their content calendar and campaigns efficiently.

Control over fake and spam content

The duo – blockchain technology and smart contracts – is highly expected to influence the outspread of fake content. Isn’t it true that in today’s world, most of the social media networks are over flooded with lots of relevant and irrelevant content including fake news and spam bots.

Considering the potential that blockchain offers and the readiness to adopt this new technology, it is obvious that in the future, the content distribution on the social media networks will be possible only after verification.The ability to block fake and spam content and its contributors is an alluring option for brand builders. As bot-driven engagement is filtered out through verification, identifying and finding an audience of genuine followers becomes essential for new brands on platforms like Instagram to maintain visibility and real engagement.

Future Of Blockchain-enabled Social Media Marketing

Anticipations based on evidence

The future of social media will also get highly impacted by the alliance of Blockchain and cryptocurrency collectibles. The rising interest in the crypto-collectible sector is an evidence. Early birds in this sector like CryptoKitties raised millions of dollars in investor funding.

Once the decentralized platforms will be considered as common market place, the social media users will be able to choose their networking platforms at their own. The users would be able to earn cryptocurrencies based on their activities on social media. This will attract more users to access the platform.

Closing thoughts :

Again, both social media and forums are still essential for the growth of digital currency and blockchain technology. So active presence on social networks can uplift the potential of this technology and vice-versa. For example, Bitcoin can credit much of its growth to social forum Reddit. Also, Reddit is one of the most preferred social influencer platforms.

Curious To Learn How An on-demand Mobile App Can Benefit Your Business?

Posted on by Shipra

on-demand mobile app developmentThere is a buzz these days called on-demand mobile app development. You would have heard a lot about  such “on-demand apps” and read about them, but yet not thought whether to go for it or not. This confusion or dilemma is normal. because every business is unique in its own way and required unique solutions. you may feel that your current offline clientele is less costly for you to acquire as compared to capturing online leads. But, certainly, this is not the case. Increasing competition and rising difficulty level or survival has at least proved it.

global mobile

World is moving fast, technologies are growing fast and lifestyles are changing fast. And hence, On-demand  servicing or production model is a ‘perfect fit’ for any industry. Today customers are too busy to reach out to you, so, it’s time for you to reach out to your target audience and make their life easy.

To understand the business benefits of on-demand apps, all you need to know here is what exactly an on-demand mobile app development is and what it characteristics are! Let’s take a look, turn by turn.

On-demand Mobile App Development

app development

In layman terms, on-demand mobile app development is the process of developing custom mobile applicatons that are used in providing on-demand services or products.

Based on your business offerings and target audience, the following elements will change in the particular on-demand mobile app development.

  • Process flow
  • Design and interface (UI/UX)
  • In-built features

For an instance, think of Uber app and Foodpanda app. Both have different target audience and different offerings. Hence, their apps are different not only in look and feel but also from other development aspects.

Characteristics of on-demand Mobile Apps

  • Easy-to-use interface
  • Free sign up and login by users
  • Users can order the services /products in no time
  • Employees can take action as per rising demands
  • Easy order tracking
  • Convenient delivery management
  • Online and secured payment system

If you are unsure whether an on-demand app is suitable for your business or not, the straightforward answer is, it can be suitable to any business.

To name a few, industries like healthcare, education, finance, banking, insurance, food and beverages, oil and gas, logistics and transportation – all have embraced on-demand apps.

Benefits of on-demand App Model Over Existing Business Solutions

With more than 80% business owners trusting the on demand app development services, no question can be raised on the efficiency of well-customized mobile applications.

Vikas Jangid, Yourstory community

Affordable

In this business model, you are more lean towards your customers and can provide more personalized experience. You can provide better value to them and in return achieve a great ROI. This all can be summed up in one word as affordability. Custom mobile applications let you the freedom of integration with your business-specific products. Moreover, they are easy to maintain.

Secure and scalable

Any personal or confidential data stored in your mobile app is more secure than that of canned business applications. In addition, here, you can also enjoy better scalability.

Unlock unlimited business opportunities

With offline campaigns, you reach can reach to a certain extent only. Whereas, when your campaigns are digital, your reach can manifold to  a great extent. You can target new and untapped markets and convert your engaged audience into your loyal customers.

Higher efficiency

As per one research, comprehensive business applications increases the customer satisfaction by decreasing 7.5 working hours from their work week on an average.

All credit goes to:

  • user-friendliness,
  • ease of project management
  • usability of custom-built applications

Signing off…!

So, why not to leverage the potential of mobile era? More than 80% of the world population uses smartphones and mobile devices. Provide them the custom features they want and they will keep coming back to you over and over again. Remember, on-demand mobile app development, for sure, adds value to your industry and business.

In case you have any doubt regarding to your business specifically, drop a line at [email protected] or comment below. We would love to hear from you and more than happy to help you out.

How Can Technology Bring Transparency To Cannabis Industry?

Posted on by Shipra

cannabis industry

Running a business is tough for entrepreneurs, however, running a cannabis business is even tougher than that. This is because a cannabis business is fraught with a number of challenges, including legal challenges on the top of the list. The growth of the cannabis industry in recent years has been hindered by a weird twist – even when you can legally buy and grow marijuana, there’s nowhere in public to accept it.

However, in spite of being in a nascent stage, the cannabis industry has huge growth opportunities in the coming future. If technology is used in the right direction, all cannabis startups can hit the jackpots and soon turn into well-established cannabis businesses.

How IT can spark a budding cannabis industry – take a look!

Forty-four percent of stakeholders believe staying compliant with state and local laws is one of the most important areas of focus when starting their cannabis businesses.

Given the fact of strict regulatory compliance, the industry has experienced a bit of relief. However, the use of technology can bring transparency to legal cannabis and help them grow further.

cannabis compliance

From APIs to dispensary robots, new technological innovations are popping up like weeds. Startups are now jumping in to help make that happen, and technology is playing a central role. Historically, the use of technology was minimal in the production and sale of cannabis, principally because of legal concerns. Now, there are not only a raft of agricultural and security technologies used on the growing end but also tools ranging from dispensary robots to APIs to ease sell cannabis in a transparent, convenient, and regulatory-compliant way.

Seed-to-sale tracking platform

Yes, technology can help businesses build this tracking platform. The said platform is meant for growers and retailers, with a particular focus on compliance. The objective of seed to sale tracking platform is to track every plant, product, and person associated with the production and sale of marijuana (cannabis) as well as maintain legal compliance.

Flowhub, a startup established in 2015,  offers a mobile device for scanning RFID plant tags, a point-of-sale (POS) system for dispensaries, and a cloud-based software-as-a-service (SaaS) platform that’s accessible via web or iOS.

This compliant tracking system automatically uses APIs (application programming interfaces) to replace manual efforts.

E-commerce platform for cannabis delivery

Partnering with local U.S. dispensaries and delivery services can help a business to acquire customers through its online platform. Customers who land on the site can browse dispensaries and products. Customers can order verified  / legally compliant products (those who have verification stamps on e-commerce site) for delivery by a dispensary near them. Shoppers can even consult with a doctor via telemedicine platform and get approved for one on the spot.

The potential of blockchain technology

blockchain cannabis

Well, it is no more news that blockchain is extremely beneficial for supply chain management. The transparency offered by blockchain can be beneficial for the financial institutions that would be auditing cannabis companies. Moreover, it will also be helpful for the government institutions that would adequately tax marijuana businesses and regulate the industry.  It can be useful in the marijuana or cannabis industry. With the help of Blockchain Technology, we can eliminate the paperwork creating real-time tracking that businesses can follow. Blockchain Technology will help the cannabis industry to improve its operations by reducing the cost.

At last…!

Technology can help the entire cannabis industry to have adequate quality control. And, customers can track the entire information about a particular product and get to know about the quality of cannabis. Such levels of transparency can surely help industries like cannabis to grow more.

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