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NO-CODE: MAKING BLOCKCHAIN IMPLEMENTATION EASY

An interview with Chris Obdam, CEO Betty Blocks.

When Blockchain first appeared on the tech radar, it was heavily associated with Bitcoin and other cryptocurrencies. We know now that this was just the tip of the iceberg for the new technology. Since Blockchain’s inception, the brightest and most disruptive minds from around the world have started to unlock its potential as a groundbreaking security solution. Not just for online currencies, but any data transmission and validation imaginable.

More than 10 years later, Blockchain is still something of a mystery to most non-IT professionals. So what exactly is the value of Blockchain for businesses? And what technologies are available to help companies adopt this groundbreaking, disruptive security solution?

To answer these questions, we caught up with CEO and co-founder of Betty Blocks, Chris Obdam. He explained Blockchain and how no-code application development platforms can help businesses implement it easily, without the expense of employing specialised software developers.

Chris Obdam

1. What is the value of Blockchain?

Blockchain is a distributed ledger system which has a clear and simple benefit. It allows people to work together, share information, create contracts, and make transactions securely. Everything created (such as transaction data) is done outside of privatized, central systems and stored in a distributed system, the Blockchain. Unlike most technologies, Blockchain requires multiple parties’ permission to create, edit or move information.

For people like you and me (or even businesses), information is a private and valuable asset. Knowing data is secure gives real peace-of-mind to individuals and is an essential factor for businesses to work together. Blockchain technology and the security it offers and can be an essential factor in winning collaboration.

As a side note: Until Blockchain technology became available, the market for centralised contract systems was owned by just a few players – a near monopoly. Blockchain technology disrupts that entirely. Taking advantage of it enables businesses to bypass the restrictive practices (and sometimes high prices) of powerful market players.

2. What are some of the challenges of incorporating Blockchain?

The real challenge right now is that people don’t fully understand what Blockchain is and how to apply it. People seem to have this idea that Blockchain is a complex series of algorithms and technology barriers which make it difficult to connect with existing processes. But it is in fact simply a new and better tool in your development team’s toolbox. Companies that fail to consider it are simply hanging on to the old way of doing things and risk falling behind the competition. Implementing Blockchain is where a no-code platform can come into play to simplify and speed the process.

3. What are no-code development platforms and how can they help?

No-code platforms enable anyone to contribute to software development without writing a single line of code. Instead of hand-coding, non-IT professionals create applications using a visual interface and pre-fabricated code segments (or modules). Ultimately, the goal of no-code is to remove the technology barrier of programming languages and allow anyone to contribute to innovation efforts.

When it comes to Blockchain, people need to understand that creating the software is the smallest piece of the project. Technical setup only has to be done once. Your user interface, back-end, and logical flows are the more time-consuming aspects.

The advantage of using a no-code platform is that the ‘technical’ setup will already be available to your developers. Meaning your focus can be entirely on delivering the best possible result for your end-users.

4. How can the banking industry benefit from no-code platforms?

We all know that the traditional banking sector is under constant pressure from new digital players. Both private and business customers expect better services on all fronts, including via digital platforms and they absolutely expect total security. Fail to meet these ever increasing expectations and your customers can easily switch to another provider.

Given their huge demand for new digital processes, Banks have had to radically change their approach to software development. They have had to become highly innovative and fast to market with new digital services. So when it comes to software, many have turned parts of their development strategy over to rapid innovation teams who build applications using no-code platforms instead of via traditional coding. Firms that are able to design, test and launch new services in weeks instead of the many months it took just a few years ago; are gaining customers from their slower rivals.

5. When can we expect the first no-code built applications to incorporate Blockchain?

Blockchain technology already exists in no-code platforms today. It’s a pre-built ‘drag and drop’ feature which a developer can add to an application’s workflow. So it isn’t exactly a matter of when, but where Blockchain will be used within a no-code application on a large scale. You could start building an application that incorporates Blockchain today.

Blockchain is here to stay and it’s important to get your head around it. You can easily incorporate it into your new applications if you take a no-code development approach. If you need any help, do reach out to us at Betty Blocks.

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Interviews

A PROPTECH FOUNDER’S BEGINNING, THE START OF KLEVIO AND HOW ACCESS-TECH IMPROVES FACILITIES MANAGEMENT

KLEVIO

An interview with Klevio’s CEO and Co-Founder, Aleš Špetič 

 

What is Klevio? 

Klevio is a smart intercom that allows individuals to enter a building using a mobile app, providing digital access and removing the need to use a key. Teams or individuals can manage access rights from our dashboard or the app, understanding the usage of their buildings better, whilst cutting costs and improving efficiencies. As well as Facilities Management (FM) professionals, Klevio’s technology has been implemented across numerous sectors including short-stay lets and longer-term property management, a recording studio that manages room bookings and a London pub which allows temporary access to delivery professionals via its solution. Klevio is also popular with private homeowners.

 

How did the idea come about? 

The founding of the team and the products we worked on came from several influences along our journey. I was still working on CubeSensors, a company I founded that created miniature sensors for both the home and offices, feeding back data on temperatures, noise, light, humidity and the likes, something of a Fitbit for the room.

Aleš Špetič

My co-founder and now Chairman, Demetrios Zoppos, was involved in the creation of Sherlock, the digital entry system that went on to be the underpinning technology for Klevio. When Demetrios exited his previous company, onefinestay, he held onto the intellectual property (IP) of Sherlock, knowing that there was a future for this technology elsewhere.

We quickly came to the conclusion that my IoT experience and history with physical products for consumers and offices, and the IP he had kept for Sherlock, meant that it would be criminal not to pool our experiences and so Klevio was founded.

 

How do you compete with the other access solutions on the market? 

We have merged the new and the old. Keys have been around for thousands of years in some way or another, so have been ripe for a digital upgrade. With our competitors, although there is some amazing technology, most add confusion or annoyance to the process. There are smart-lock providers whose technology normally requires the changing of locks or at least the installation of an ugly and not always user-friendly pin-pad at the door.

Other options require magnetic cards and in many larger establishments receptionists are paid to ensure that someone enters their email for data capture, further adding to huge setup costs. With Klevio you do not need an extra key, token, or card. Everything is on your phone, similar to Apple Pay.Klevio is installed inside the building and is connected to the existing lock.

For office spaces, co-working and other large blocks, key cards are just one more item that can be shared and lost. With Klevio there’s no need to provide a keycard to anyone and it can be connected to an existing system. Many access systems do not have this benefit, and for offices this means you can change the access to your own unit without affecting the rest of a building.

 

What are the main challenges for your business? 

Changing a mindset. People have used and trusted keys their whole lives. Getting them to accept a simpler alternative isn’t an easy thing to do.

The other difficulty is hardware, especially when it comes to security and people’s offices and homes. With software, if you make a mistake or something doesn’t quite work, you can patch it and update things. If a hardware product has a fault, a product recall is going to be a huge undertaking, and no startup will have the budget to ride the storm like a Samsung or a VW Group. We invested a huge amount of time to make sure that Klevio performs well.

Customers need to build confidence and trust in your offering, rushing to deliver and make a splash can backfire in a huge way.

 

What trends in tech do you see shaping the future of offices and homes in the next five years? 

In the IoT space things are moving fast with the world’s largest companies like Amazon, Apple, Google and Facebook all vying to be the centre of the interconnected home and office. There are hundreds of startups carving out their own little corners too, so the next big shift will be consolidation. The industry leaders are already making moves to buy or partner with interesting startups to get ahead on IP and reach.

On a consumer level, people want smart solutions but are increasingly aware of their rights and privacy. Products that offer that on-demand feel, making lives easier and smoother, without taking too much data, will provide that personal touch consumers want and slowly start to manage the offices and homes of the future.

 

What is the one piece of advice you would give an organisation when looking to digitise its processes? 

Do your research – don’t rush to find a solution. There are companies out there that will be able to make your place of work run more smoothly. You just need to find the one that suits your systems, colleagues and budget.

 

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Interviews

OPPORTUNITIES IN FINTECH: LEVERAGING CROSS-BORDER PAYMENT SYSTEMS

As the world becomes increasingly global, the necessity for cross-border payments grows.

An interview with Aron Schwarzkopf, CEO and Co-founder of Kushki, a payment platform tailor-made for Latin America. 

What are some of the biggest challenges in the fintech sector, specifically related to POS payments?

There is a lack of standardization in the way that payments are handled in different countries, and this presents the most significant challenge because it complicates the process of connecting them all across borders. We’re working to address that by adding some standardized connecting processes and using artificial intelligence to help mitigate these complications and make smooth cross-border payments a given.

Why are cross-border payments becoming more of a necessity?

As the world becomes increasingly global, the necessity for cross-border payments grows. People and businesses are expanding their scope and reach and therefore need to be able to operate in different countries. Part of being functional is the ability to make those cross-border payments, and so the demand for better options for those payments will continue to grow.

What are the key opportunities for cross-border payments?

There are four main opportunities that I see for cross-border payments. The first is facilitating fast and direct payments, cutting down on the extra steps required, but still maintaining the security of the transactions. From this, follows the need (and opportunity) to centralize recurring payments. Smart links are also an area of opportunity, letting people make mobile payments through different platforms using personal payment links. Lastly, expanding the opportunity to store payment information, like card numbers, and using tokenization to facilitate recurring payments.

With several fintech startups launching recently, how can you tell which are valid?

One common mistake is to assume that just because a startup has built something innovative that it is going to be useful. Instead, the most important thing to evaluate is whether the company is offering a solution to a significant pain point or just offering a minor improvement. I recommend comparing the startup to the most established version of its product. Which is less expensive? Which is easier? Which is resolving a larger challenge? If the startup is doing well on both counts, they’re probably on to something.

 

What are the security concerns surrounding POS payments?

The authentication process for credit card transactions is different in different regions due to different technological infrastructure. This inconsistency can generate confusion and concern about the security of various transactions and makes it hard to verify and understand the different fraud management and security processes in place.

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