Category: Entrepreneurship

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Blockchain Entrepreneurship Financial Services Supply Chain

Leveraging blockchain for enterprise applications

Professional financial experts collaborating during brainstorming meeting listening information from clever female director, businesswoman providing information to corporate workers of company

More and more technologies keep appearing to make life easier, and the entrance of blockchain technology has brought in a new approach to managing and creating enterprise systems. At the moment, blockchain is at the same position as cloud and big data were some years ago. Most people think bitcoin or cryptocurrency when they hear the term blockchain, however, that’s not all there is to it. If you have started using blockchain or have only heard or read about it, then you would have one basic question. How is it possible to use blockchain for enterprise applications?

Blockchain is a network of a decentralized system, a global network of computers jointly manage a database that collects and records transactions. For the past fifteen years or so, businesses have experienced significant changes as a result of open-source software, cloud, big data, and artificial intelligence (AI). These terms are not jargon anymore, because various businesses have adopted the use of these technologies. I’ll review the current state of blockchain for enterprises.


Blockchain for enterprise applications?

This innovative technology can be useful for other things besides creating a digital currency. Blockchain for enterprises can mean, for example, developing new financial technologies. It can serve a wide variety of other purposes as well. These include keeping track of physical assets or voting rights, digital assets, tracking ownership. A business can even use it for locating the source of a document.

Blockchain technology has been defined as an effective way to reduce costs, increase transaction speed, and establish trust between transacting parties. A study by Santander Innoventures claims that Blockchain technology has the potential to reduce banks’ yearly infrastructural costs by $15 billion to $20 billion by 2022. The Santander fintech study (produced in partnership with Oliver Wyman and Anthemis Group), showed that distributed ledger technology (DLT) would save banks some money by removing central authorities and evading slow and expensive payment platforms.
Beyond payments, the authors also noted that in time, distributed ledger technology could support smart contracts. These are computer protocols that implement or verify contracts. This will lead to blockchain for enterprise use in security, trade finance and other areas where risks relating to counterparties arise. 
Aside from bitcoin or cryptocurrency in general, the adoption of blockchain for enterprises is growing in other industries faster than you might think.


Blockchain adoption in various industries


Financial Services

Blockchain activity became relevant in the financial services industry a few years ago. It has advanced through various tests, pilots and proofs of concept. Santander, RBC, JP Morgan, Citibank, American Express, Visa, MasterCard, Goldman Sachs, and BNY Mellon, are some financial services firms that have started directing efforts towards blockchain-related researches. These companies have groups working internally, and professionals dedicated to blockchain technology.

Despite the increased use of blockchain technology, financial institutions are limited in their efforts at testing blockchain as a result of restraining regulations. Hopefully, as more fintech architects continue to unravel the revolutionary technology, this challenge will become history.

Finance — examples and cases

Here are some examples of financial institutions that are currently working on blockchain technology.

The Royal Bank of Canada (RBC) has started a trial blockchain in cross border funds transfer dubbed project Jasper.

Goldman Sachs is on trial to developing its own strategy. Information related to this attempt by the firm hasn’t been made public, and little is known about it. The firm has a group dedicated to blockchain for enterprise applications and working internally. It has investments in Digital Assets Holdings, a company which itself is an investor in distributed ledger technology companies that supports financial institutions.

American Express filed for a patent in April 2017. This was a patent for a new customer reward program that relies on blockchain technology for record-keeping and rewards customers in cryptocurrency. The firm announced its successful use of Ripple to help corporate customers from US banks to UK Santander branches. Just as a sidenote, we’re also working on customer loyalty management on the blockchain.
Visa is also working on blockchain for enterprise applications. It launched its blockchain-based business-to-business payments service platform known as B2B Connect in November 2017. The platform was initially announced in 2016 and it was developed in collaboration with Chain, a blockchain infrastructure-focused enterprise.


Retail

This industry seeks to utilize blockchain technology by using it to improve the supply chain. Walmart has already started a blockchain trial for monitoring the movement and origin of pork in China.

Alibaba, a retailer from Asia, announced late last year that for the past two years, it had been working underground to develop an in-house private blockchain network system. Its goal is to track the authenticity of products and to prevent product counterfeiting. Head of Ant Financial’s Innovation Lab, Geoff Jiang, stated that with blockchain for enterprises, they would be able to tell where a product is coming from, which retailer it is coming from, and its source. This, in other words, will ensure that products collected are from tested and trusted suppliers.
An Espeo client, Luxify does this as well. The Hong Kong firm uses blockchain to verify the authenticity of luxury items.

Increasing Productivity In Logistics

This is a perfect example of where an enterprise can use blockchain to simplify and solve complex industry operations. Port of Antwerp in Belgium has recently started a joint project with the startup T-mining. Their project is set to make using blockchain in handling containers at the port is more efficient and secure. By setting this up, the harbor will able to safely digitize transactions between various members including carriers, drivers, forwarders, terminals, and shippers. All this without any intermediary. This will lead to cost reduction as a result of reduced paper works. It will also minimize the possibility of fraud.

Tourism

TUI Group, a multinational travel company, recently invested one million euros in blockchain for enterprises. In fact, the company is in the phase of transforming its hotel networks into its own blockchain named BedSwap. The new model is expected to save up to 100 million euros yearly. Another example is Jessica VerSteeg, the CEO of Paragon Coin, is an advocate of cryptocurrencies and a supporter of legitimization of the cannabis industry. She’s now working on applying blockchain principles in legitimizing pure-grade cannabis suppliers.



Health data

American multinational technology firm, IBM, and the US Food and Drug Association (FDA) has signed an agreement to utilize blockchain for enterprise applications. Their plan is to create a scalable health data exchange that will address the lack of transparency in health data and improve on patient privacy trust. The two organizations have explored the blockchain scope since announcing their partnership in January 2017. They kept looking into how they could use blockchain to support information exchange through different data types, ranging from clinical trials to evidence data. The initial trial was on oncology-related data. As at this time, Shahram Ebadollahi, IBM’s chief science officer for Watson Health, noted that the healthcare industry was undergoing significant changes as a result of the data being generated. Ebadollahi also said that since blockchain technology supports a highly decentralized framework for data sharing, innovation will accelerate throughout the healthcare industry.


Humanitarian sector

Karl Hoods, the chief information officer for Save the Children, said he had sent notes to the board telling them about the potentials of blockchain for enterprises in 2016. The organization recently started thinking about introducing the proof of concept that would help in the verification process of volunteers in the field. As they mention, sometimes there isn’t enough time to carry out background checks on each individual. On a smaller scale, token-based businesses also use blockchain for charity for tracking donations.

Blockchain for enterprises — the bottom line


We can go on naming important cases where blockchain technology is used for enterprise purposes. 2017 saw a significant increase in the adoption of blockchain technology by big businesses. There has been a notable rise in pilot testing, patent applications as well as proof-of-concept forms of research and design. Blockchain can really be the difference between maximizing profits and falling below standard.

The only obstacle to the adoption of blockchain for enterprise applications would be how new it is. People still don’t understand this technology all that well. However, different organizations and countries offer training and development programs for young people – and more seasoned businesspeople. I myself run one of these as part of Espeo’s blockchain training services. Hence, understanding how the technology works and using its full potential will help save billions of dollars year after year.

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Entrepreneurship Software

Comparing the cost of internal hire to an outsourced team

Comparing the cost of internal hire to an outsourced team

Hiring internally or outsourcing your software project is on the minds of businesses everywhere. Now, as the world prepares for tighter budgets and narrow margins, weighing the costs and benefits of outsourced teams is ever more important. I’ve laid out a cost comparison for hiring a U.S.-based software developer versus a counterpart abroad. Long story short, it’s up to 63% cheaper to outsource a software developer compared to hiring one in-house in the United States. Taking all the costs of software development into account — not just salaries — the costs can get very expensive, very quickly.

The total cost of hiring an employee consists of many parts. In this article, I tried to display the most complete picture of the factors that affect the price of hiring an employee and in the end compare it with prices of outsourcing services using the example of Espeo Software. All the figures I use are related to the U.S. market.

In-house development vs. software development outsourcing

Table of contents:

  1. Best-paying cities for software developers
  2. How much does a software developer make?
  3. External recruiting agency
  4. Internal hiring team
  5. Extra costs of an internal hiring
  6. Costs after the developer accepts the offer
  7. Cost of hiring a bad developer
  8. Outsourcing costs example of Espeo Software
  9. Final thoughts on cost of In-House Development vs. Software Development Outsourcing
 

1. Best-paying cities for software developers

Salaries for software developers vary regionally in the U.S. and the highest-paid places center around Silicon Valley in California. Many of the largest employers have headquarters there and recruit developers from across the country and the world. This, of course, inflates the cost to recruit nationally.

American newspaper U.S. News and World Report listed the top cities for software developers by average annual salary for 2018. San Francisco, California comes out on top with Seattle, Washington close behind. The national average salary for software developers is around $103,000 annually.

 

2. How much does a software developer make?

If we break this down further, Americans work an average of around 1,800 hours per year according to a Pew analysis of Labor Department data. That puts hourly rates for software developers in the United States at $71 an hour. For a senior development role, that increases to $81 an hour.

This initially sounded a bit low to me so I decided to double-check the figures I found. I asked our U.S. Director, Andrew Phipps, about his opinion. He estimates that the hourly rate for a senior developer especially with specific and in-demand qualifications such as blockchain development skills should be at least $150 and as much as $225 per hour. What the Pew data fails to show is the cost of  specialist knowledge that’s scarce in the U.S. A more realistic annual salary is upwards of $270,000.

These labor costs can quickly get ahead of you as the competitive market dictates the price to hire internally. Salaries alone are not the only costs, however. Sourcing and recruiting also factor in.

 

3. External recruiting agency

If you have a small company with fewer than 40 people on board it makes more sense to use the services of external recruiting agencies. They usually take between 15-30% success fee of an employee’s annual pay. Let’s take the average 20%.

Let’s make further calculations.

  • Software engineer — 130,000 / 100 x 20% = $26,000
  • Senior software engineer — 148,000 / 100 x 20% = $29,600
  • Specialist senior developer — 271,650 / 100 x 20% = $54,330
 

4. Internal hiring team

If you want to avoid an external recruitment agency, you can hire in-house recruiters instead. The average salary of the HR specialist with all bonuses and commissions is around $70,000 per year.

The mean number of job placements per recruiter is 40. The median number of placements per recruiter is 20. Let’s use 30 placements per year for our calculations.

However, the cost of the time stays the same. The average acceptance rate  for candidate offers is 89%. 30 / 100 * 89% = 26.7

Let’s keep our model simple and say that the HR specialist is busy only with recruiting. So the cost of the time spent on one hire = $70,000 / 26.7 = $2,621. The average cost of publishing the post on job boards is $400.

You should remember that it will be visible for 3-4 months. If you total the cost of time plus the cost to place an add on a job board, it adds up to $3,000 per placement.

 

5. Extra costs of internal hiring

In a Harris survey by Glassdoor, the employer branding cost varied by company size, averaging $129,000. It grows exponentially by company size. Companies with fewer than 500 employees spent $6,300, Companies with 500-3499 spent $81,400 and those with more than 3500 employees spent a whopping $335,900 on average to hire internal teams.

Recruiting technology costs:

In addition to time and salary per HR specialist, they also need to use tools to work and track their results. Here are some of the more common tools HR teams use and how those costs add up. 

  • Video interviewing tools like HireVue and SparkHire. + $3,000 / year
  • Coding assessment tools like Codility and HackerRank. + $6,000 / year
  • Blind hiring software like GapJumpers. + $1800 / year
  • Background check services software like Checkr. + $348 / year
  • Applicant Tracking Systems (ATS) like Workable. + $4,000 / year

Remember that your HR specialists also need to be hired, onboarded, and trained. They also use office space and supplies.

 

6. Costs after the developer accepts the offer

According to a benchmark report from SHRM, the minimum cost of training is an average cost-per-hire of $4,125. But the cost of onboarding a new worker also includes some other factors, such as:

The hours managers spend onboarding new workers plus productivity loss minus the average cost: $10,000 per employee

  • Paper, printing, and office supplies: between $922 and $1,106 per year
  • Training: $1,252 per employee on average per year
  • Tools and software: $1,200-100k on average
  • New office equipment: about $1800 per developer
  • Office space: $6,000 per person per year
Cost of onboarding a new Software developer

Together with the developer’s salary:

  • Software engineer – 130,000 + 19,245 = $149,245
  • Senior software engineer – 148,000 + 19,245 = $167,245
  • Realistic senior developer – 271,650 + 19,245 = $290,895
 

7. Cost of hiring a bad developer

 Taking into account all the costs above, you may still choose someone who’s not a good fit for your team. I’ll get right to the point. The total cost of “bad hire” is upwards of $480,000 according to devskiller.com. 

Assuming a bad hire’s 8-week tenure:

  • Cost of hiring (recruitment, onboarding) $39,486.50
  • Compensation (cost to employer) $23,311.48
  • Cost of maintenance (office, office supplies) $1,218.46
  • Productivity loss $23,311.39
  • Disruption $398,043.46
 

8. Outsourcing costs example of Espeo Software

You pay 60$ per hour on a time and material model

 

  • It’s the same rate for junior, mid and senior.
  • The more developers you take, the less you pay.
  • Usually, it takes less than two weeks to start the project.
  • You have the flexibility to change the number of developers the project needs.
  • If you don’t like how an exact developer is working, we replace him or her at no cost
  • If the dev who worked on your project is leaving our team, we replace him with no costs
  • You don’t need to care about extra costs, like equipment, tools, training etc.
  • We provide agile project managers.

Let’s calculate the annual salary.

$60 x 1,811 hours = $108,660 

  • ($108,660 / $149,245 x 100) – 100 = 28% cheaper than hiring software engineers in the U.S.
  • ($108,660 / $167,245 x 100) – 100 = 36% cheaper than hiring  senior software engineers in the U.S.
  • ($108,660 / $290,895 x 100) – 100 = 63% cheaper than hiring a realistic senior developer in the U.S.
 

9. Final thoughts on the cost of in-house development vs. software development outsourcing

With all the costs involved in hiring in-house software developers, this model may not be right for every company. As we enter a period of uncertainty, having fixed costs such as in house developers is a risk many CEOs are not willing to take on. Outsourcing meanwhile, offers a more cost-effective way to create and launch your software development project. 

Carefully consider all the costs involved before you hire in-house and weigh the benefits of software outsourcing. I hope my calculations shine some light on the world of software development and make a case for why you should think about hiring an external team.

See also:

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Blockchain Entrepreneurship Other Software

How blockchain is bringing gamification to every industry

Tiny people with gamepad playing video games on console. Male and female gamers gaming flat vector illustration. Entertainment, gamification concept for banner, website design or landing web page

Distributed ledger technology is not the most user friendly or easy to grasp. Blockchain gamification is one way to bridge this user gap. The gaming sector has plenty in store to enrich other industries on how to keep customers engaged. According to a recent study by Newzoo, the global gaming industry has over two billion gamers and is worth about $150 billion. Video game income has even surpassed other forms of entertainment, like movies and music, according to the study. The most famous pieces of art can create sales in millions of units and can sustain numerous concurrent users. 

Various industries are embracing gamification or the use of gaming and game design techniques to engage their users better. Marketing departments are now using gamification in their marketing activities to reduce customer churn. Instead of just providing coupons, renewable points, and discounts, businesses are now spicing up their marketing campaigns using cutting-edge technologies to realize engaging risk and reward mechanisms. Starbucks, for instance, has introduced a loyalty program that enables customers to receive better rewards the more they spend. Besides, the company has also deployed multiple tech-based strategies over the years, like mobile apps, QR codes, and segmented reality to engage their customers. 

The blockchain tech power to offer secure record-keeping and enable transactions through cryptocurrencies makes it suitable for such applications. Different services are already establishing new channels to exploit the potential of blockchain-based solutions and possibilities of gamification. Form of gamification may vary. Projects like Sandblock, for instance, use smart contracts to facilitate their loyalty program campaigns. The digital and decentralized games such as CryptoKitties also demonstrate how crypto tokens can represent ownership of digital assets effectively. These use cases also demonstrate how blockchain has brought back fairness and trust in the gaming industry. In this article, we shall see how blockchain tech is bringing the elements of gamification  not only to typical gaming space, but basically to every sector through loyalty programs, digital ownership, and trustworthy and fair practices.  

Loyalty programs for e-commerce

Critics often complain that loyalty programs concentrate on just maximizing profits for businesses. Participants are incentivized inadequately for their participation by loyalty points campaigns that contain biased rules. Though it is acceptable for a business only to carry out sustainable loyalty programs, they are still supposed to offer customers with satisfactory reward rates. 

The problems begin with outlining business objectives, considering that loyalty campaigns can create many benefits. The marketers then continue with designing the reward system, the composition of reward and producing incentives good enough to cause behavior change but mean to the point that they grind down margins. Besides, there are puzzles of customer psychology to consider, which can make two incentives of equal value stir different levels of consumption.  

Using blockchain for business that needs relevant loyalty programs can eliminate such unfair dealings through the transparency it delivers. Smart contracts can be applied to monitor the mechanisms of these campaigns. Through the openness of smart contracts, it is possible to notice if firms are providing irrational terms and conditions. On the other hand in case of public blockchain space, some unprincipled members may also attempt to participate and abuse the system. Determined scammers can also alter poorly designed gaming rules, and therefore, having transparent records shows the participants who are trying to misbehave clearly. 

Launching a successful blockchain loyalty program starts with the objectives of the campaign. Marketers can only engineer the right strategies and evaluate whether they are running their campaigns well only if they have set clear goals. In other words, true benefits of blockchain come to truly valuable and well planned loyalty programs.

The use of digital currencies and blockchain-based feature will give clients more flexibility with their loyalty points. Many loyalty programs restrict these points for specific purposes and redemption with their respective businesses. Contrary, cryptocurrencies are mutually interchangeable and can be transacted with other tokens or fiat money. If companies are not willing to create a universal digital loyalty token with other businesses, then they can settle on the use of interchangeable tokens. A study by Kaleido Insights shows that the interchangeability of these digital reward tokens is beneficial to both the companies running loyalty programs and the participants.  

The treatment of blockchain-based digital tokens as currency makes them far more flexible and interchangeable compared to loyalty points. Participants can easily exchange such a digital token with other cryptocurrencies or fiat money. That means real financial rewards. Such flexibility gives customers more choice on how they should use rewards, increasing the value of the loyalty campaign, and encouraging customers to shop more from the brand. Digital reward tokens can go even be used for such digital transactions as buying other products and paying for services from other companies because cryptocurrencies have value beyond the brand that issued them. The eventual result is a loyalty coin economy, which, when used more, increases in value. 

Besides, blockchain gamification boosts the outcomes of loyalty programs and minimizes expenses including lowering of the transaction costs. With blockchain technology, a business can provide loyalty campaigns that are transparent and trusted by participants. The transparency brought by blockchain solutions is essential in loyalty programs. 

Blockchain technology will also bring a more streamlined experience in loyalty campaigns. When businesses carry out over one loyalty campaign, it can be challenging to manage both the company and the clients. Lack of a streamlined client loyalty campaign causes missed opportunities, wasted points, and frustration. 

Decentralized systems

Forbes explored the possibility of using a blockchain-based method using a single cryptocurrency, like bitcoin, across several brands or businesses. This decentralized finance method makes the loyalty campaign easier to run and track, saving time, and adding more value to the participants. 

A decentralized network will further ensure that participants enjoy more flexibility and choice, which inspires them to spend more. The method is best suited for bigger businesses, multinationals (such as the Banana Republic, Gap, and Old Navy), or businesses that are willing to partner with those from a complementing sector (like an airline firm, and a hotel chain).

A decentralized approach represents the future and present of digital transformation to some customer loyalty campaigns. For instance, Singapore Airlines and Delta Airlines have launched a blockchain loyalty campaign, substituting their air miles with digital tokens that used for retail purposes.    

Digital ownership through blockchain gamification

Rewards from certain games and gamified campaigns create virtual assets. For video games, for example, items can be acquired by successfully finishing assignments or by conquering rivals. These digital items can be made accessible to a participant or tied to particular accounts. Nevertheless, “ownership” is determined mostly by developers’ rules. 

Because virtual items carry some form of utility in the games, most people are willing to pay for these items. The value of digital items is around $15 billion. Trading of these items has become a significant activity for many developers. Most of them forbid the exchange of virtual items for cryptocurrencies as they term it as a violation of their terms of service. 

Gamification features and blockchain technology are the main ingredients for marketplaces for the trading of virtual assets. This way, blockchain can enable virtual ownership.

Solutions that act as secure markets for trading digital items can enhance the virtual item industry and connect it with other sectors. Blockchain solutions can boost the market capitalization of this industry. 

Blockchain is redefining the ownership of virtual items and transform them into a kind of financial rewards for users. The technology is a means of creating distinctive identifiers for virtual items market. Developers and publishers hardly offer tools that would permit the safe and secure trade of virtual items in their marketplaces. These platforms employ blockchain and smart contracts that allow gamers to trade among themselves safely. 

Trustworthy and fair mechanisms

Gamification is all about engaging customers through new rules, risks, and reward systems. Unluckily, centralized authorities tend to come up with rules that are only beneficial to them. Blockchain technology compels businesses to design and follow the set rules and create equitable risk and reward mechanisms. Decentralized derivatives are some examples of this. CloseCross, one of Espeo’s clients is part of this trend. The use of cryptocurrencies even allows for gifts, like those from loyalty programs, to carry more financial utility for users. The concept of digital ownership also brings more value to customers’ rewards. Users can be confident that through such methods, all parties will benefit from gamified campaigns. 

According to a PwC survey, almost 70% of customers pull out from loyalty programs when it asks for personal details. This is logical, especially with the increasing cases of online identity theft. Blockchain can reduce such risks. Since anonymity is one of the primary features of digital currencies, participants might not have to provide their personal information. Or, if the need arises, blockchain can keep their details more secure.

Blockchain records are fully transparent and trackable, making it even hard for the execution of unauthorized transactions. The PwC study further established that more than 72% of loyalty campaigns are victims of scams and counterfeit sales to acquire loyalty points for purchases they never made. Using blockchain technology to customer loyalty campaigns would enable brands to track loyalty points in real-time and deliver incentives to their clients more effectively. 

Conclusion 

Blockchain gamification in other industries is possible with applications designed to borrow aspects behind the success of the gaming industry. With blockchain technology, other areas can exploit the winning traits of the gaming sector. As blockchain technology continues to disrupt every element of business and daily life, gamification is ripe to follow suit. Carrying out faster, smarter, and more flexible loyalty campaigns can create and retain happy customers. 

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Blockchain Entrepreneurship Financial Services Software

CoinTracking's success: real-time cryptocurrency tracking and reporting

Turning a hobby into a business? CoinTracking founder and CEO, Dario Kachel, knows exactly how to do it.

Since 2011 cryptocurrency trading has been CoinTracking founder Dario Kachel’s passion. What started as an excel sheet for him to keep track of the price of bitcoin, struck a need in the market and has since grown into a vital resource for many crypto traders. Here’s how he turned it into a successful business.

Kachel’s entrance into the world of cryptocurrency trading began in 2011 after he read about the new asset class in a newspaper. What started as a personal hobby soon morphed into a profitable business.

“At the end of 2011, I read about [Bitcoin] in a newspaper and thought that it sounded interesting,” Kachel recalled. 

He decided to buy his own coins and started trading soon afterward.

“Really quickly, I got lost and I actually tracked everything in Excel. But the manual tracking [in Excel] wasn’t really satisfying. So, I started to search for some kind of automated tracking tool, sure that something like this exists already,” said Kachel. 

But it didn’t. This is when the idea for CoinTracking was born.

Kachel is an experienced developer by trade and started to write a simple script at the end of 2012. It automatically imported new transactions from exchanges and updated the prices for several cryptocurrencies.

“One day,” he beamed, “I was attending the bitcoin meetup in Munich and we started to talk about this script — people actually wanted to use it!”

Inspired and spurred on by the community, Kachel began to design a user interface for the new app. Thanks to a user post on Reddit, more and more people signed up. This kind of traffic was getting out of hand.

“At one point,” he said, “the number reached 5000 new users per day. It was overwhelming and I figured that I could not handle all of this as a side project.” 

With the increasing popularity of bitcoins in 2017, Kachel started to turn his hobby into a business. He left his job, hired support staff and built a team of developers to help him do it.

Visualization cointracking
CoinTracking analyzes your trades and generates real-time reports on profit and loss, the value of your coins realized and unrealized gains, reports for taxes and much more. 

One issue that Kachel faced was a lack of skilled developers with cryptocurrency experience. “It is really not that easy to find good people in Germany with this kind of cryptocurrency knowledge. I wasn’t really convinced of outsourcing. But I am very happy with Espeo.”

Besides adding a subscription system for auto-payments for corporate users and introducing new languages and tools, such as Amazon SQS and KMS and Go language, we transcribed the code for the mobile application and added new functions. Read the detailed case study here.

The team has implemented several features since the initial launch — users can even get help with their tax statements and Kachel plans many new features and options to meet the emerging needs of users of all levels. 

“There are many criteria users should be aware of when starting trading with cryptocurrencies,” said Kachel, “and we help them not only with keeping track of their trades but also support them with the paperwork which comes along.”

If you’d like to know what criteria are important for choosing a cryptocurrency trading platform, check out CoinTracking’s newest blog post Cryptocurrency Exchange Exports: the Ultimate Guide.