less code This makes it possible to accelerate the development of applications that companies require. According to Gartner, around 65% of the world’s software will be developed low-code by 2024, accelerating digitization while reducing labor dependency and software deployment time.
A study conducted by OutSystems in collaboration with Forrester shows that a low-code application can bring organizations up to 506% ROI in less than six months. The report’s results also demonstrated improved developer productivity, enabling teams to deliver more applications with the same number of people in less time.
But how can blockchain benefit businesses with low-code technology?
Blockchain technology has been studied for use in fields other than finance. This is because blockchain provides tools for traceability, as well as transaction transparency with increased trust and collaboration. These two benefits are equally important in the areas of logistics, retail and authentication of digital assets.
By combining blockchain with low code, companies can create high-performance collaborative systems, eliminating the complex code for development team work time. Build systems with low-code partners with an extremely fast and customizable platform like blockchain to have traceability and trust, and accelerate the development of legacy and complex systems.
In order to work with the data, the entire process must be secure and the blockchain can make it difficult to manipulate this data on the network, which gives more confidence to those who develop and use the application. Together, blockchain and low-code provide performance to organizations, evolving legacy systems to keep up with changes in the market and users.
Real cases demonstrate the agility of low-code implementation with blockchain
One of the most relevant cases that I would like to mention is related to the development of an application by the Dutch company Vinturas using blockchain and low code. In addition to the need to provide visibility into the supply chain of finished products and vehicles, with multiple touchpoints, transparency and real-time updates, connecting manufacturers and suppliers who have different – and often legacy – systems was an even bigger challenge.
So the goal was to create a reliable solution that was available from production to dealer, so that every step of the vehicle on the production line was cleared. Using blockchain and low-code, Vinturas built a secure infrastructure for encrypted data exchange and document processing, then developed a web and mobile application for all users in the supply chain.