Blockchain – Terraform Turns Emerging Technologies Into Commercial Products.

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Technological advancements have been a key aspect of the development of many businesses. Unrestricted to any specific space, these advancements have disrupted almost every business sector out there. Ever since the fourth industrial revolution, the world has witnessed a substantial number of businesses dwelling towards adopting revolutionary technologies opening the door for many innovations to happen. Numerous businesses are now exploring the blockchain market, as many tech-hobbyist consider it as a breakthrough in the IT field; blockchain is just one example out of numerous game-changing technologies.

Now imagine a group of people passionate about technology, gathered together to commercialize new technologies for the greater good. Terraform is all about that. The CEO of the company started coding in the innovative era of the ’90s when businesses were first introduced to —as Bill Gates calls it— the next big thing, the Internet. Over those years, he built quite an extensive knowledge and felt the need of sharing the passion to help other businesses achieve the desired goals using the new technological advancements. He believes that technology is advancing at a rapid pace, and every business must keep evolving with it.

Creating business value
Terraform started in the year 2014, with a motive to help companies find innovative ways to apply technology to their business model, that creates positive change internally and ultimately for their customers. Its main focus is building custom software for a variety of industries from start-ups to enterprise-level companies. “We have been providing consultation and education to 1-person start-ups to companies that generate U$ 500 mil revenue/year,” shares Klaus Chen, Operations Manager at Terraform. The company is best at serving the purpose to bring solutions to the market place, streamline processes to help its customers save money. Which helped it to gain many clients, including its biggest customer in the Oil & Gas industry that generates U$ 500 mil revenue/year.

“We work towards bringing solutions to our customers’ issues,” highlights Klaus.

The company works with new trends in the tech industry such as Crypto and Blockchain, Distributed Ledger Technology (DLT), Fintech, Artificial Intelligence, and Machine Learning. “We serve consumers and businesses. We have helped individuals and companies to launch their coin or to implement DLT to their mobile app,” adds Klaus.

For the last two years, one of the company’s biggest projects has been the reporting system for crimes. By quoting, “it entails gamification and cryptocurrency” Klaus implies that the more one uses the app, the more crypto rewards one receives; the user can store the tokens in a virtual wallet later redeem or use it. “We had to think outside of the box and implement the right technology to entice users to keep using the app that also has Chat Bot technology,” he adds. Moreover, its self-motivated team works towards the same goal of working with emerging technologies and trends such as Blockchain, Artificial Intelligence, Chat Bot, and app development.

“Blockchain has come to stay,” says Klaus. The blockchain market is witnessing the growth of new players as it shows a promise of a secure future. He states that developing apps were the trend 10 years ago and with the continuously evolving business world the new changes come within every few years. Everything that involves Blockchain has significantly impacted how one operates and can expect to have it integrated into the business more and more as all the information is in the chain. He believes that companies and customers want to have more transparency regarding their processes and blockchain is bridging that gap.

 

“Terraform has been working with Blockchain and other technologies as NFT for some time now. So, it is not our first rodeo, we are well equipped with human and knowledge assets to educate and help the market,” states Klaus.

Klaus continues to say, “the company has helped our customers with the full cycle of crypto Initial Coin Offering (ICO) from planning and building a whitepaper to providing a smart contract and minting the cryptocoin.” Moreover, the company understands the difficulties may have faced by its clients and has supported them with marketing to the right channels and with DLT.

Blockchain and Its Impact on Business Success
A culture worth appreciating

Revenue generation is important, but having a good culture in a company is more. Klaus appreciates Terraform’s culture as an innovation-driven company. It has always been open to improvement and growth. He states that the company encourages suggestions from different team members, thus they grow and learn together. “Each staff is assigned tasks and leads different meetings, so we can learn from each other. We are always open to new ideas,” shares Klaus. While the company’s core values allow it to ‘Develop with Purpose’ by lighting the way for its team. “At Terraform, our core values are Discipline, Live your personal passion, Ongoing human development, Apply knowledge immediately, Be the innovation in change, See something, Say something and Bring your weird, Wear your smile,” states Klaus.

A peek into the future
COVID-19 gave many businesses a difficult time and impacted the decisions of many to start new projects. Once it started to settle down, the company has seen a new trend where businesses were wanting to implement more technology into their day-by-day operations. “Therefore, we have been busier than usual with new projects and business that want to better serve their customers and offer a better user experience, that is when we come to solve lack of technical skill and experience that sometimes is hard to find in the market place,” says Klaus. Irrespective of the challenges ahead, Klaus states that Terraform will never stop surprising the market and achieve its goal of transforming industries by commercializing emerging technologies. The company desires to stay on top of different technologies and services to serve its clients. It also aims to build a system to educate people on how to build a mobile custom app or how to benefit from using Blockchain and other emerging technologies. Looking ahead, the company plans to stretch the spectrum of current and upcoming technology for others to adapt.

Field Service Management Apps are growing

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Field service apps are a large part of many companies these days and they have been incorporating mobility solutions more and more over the past few years. Now field service based mobile apps are replacing all the old school paperwork that needs to be filed and reviewed. However the biggest benefit to using these types of apps is that all the information is securely accessible and stored in the cloud, so that it can be accessed almost immediately from the head office or collaborated on with other workers.

Field Service Apps Are Growing Industries

Over 80% of our workforce does not have a typical desk job and that number is growing by the year as more and more companies adjust to the new economic climate and try to be more agile to meet the demands of modern business. With the advent of mobile apps for field service and management based solutions, clearly this is not a trend that is going to slow down anytime soon.

Research (IDC) shows that the world’s growing mobile workforce is expected to grow to 1.3 billion before the year is out. In North America (United States, Canada, and Latin America) alone we have seen the growth of these mobile workers grow near 30 million over the past 5 years to a new high of nearly 210 million workers to date.

The mobile workforce differs from those traditional desk jobs and their needs must also be met utilizing newer and modern technologies such as field service apps that support them and their roles. Studies (Gartner) predict that by 2020, more than 30 billion (Yes, BILLION!) devices will be active, which will support and enable over $2 trillion worth of business transactions worldwide.

Service Leaders Depend On Mobile Solutions

Over 39% of companies have already implemented a field service solution in one form or another, which means the other 61% of companies are falling behind the competition. By the chart below you can see that 58% of established companies already schedule field techs in real time and only 45% of newer companies, clearly there is a solid demand across the board to provide field service techs and support and a system to manage those effectively.

5 Leading Reasons Why Companies Have Adopted Field Service Apps

#1. Staying connected was the number one reason for companies! Workers that spend a large portion of their time in the field have a plethora of paperwork and prep work to complete even before starting a call, and equally as much when they complete a job. By adopting mobile field service apps, companies are able to keep these workers efficient and organized which is a major factor in maintaining profitability. And keeping them connected allows the office to stream line the process and provide faster and better customer service.

#2. Mobile is a standard in most industries these days, and your customers demand faster reaction time and more detailed information on the go. Traditional method are not able to keep up with the needs of your customer, let alone your field works that are trying their best to satisfy your customers with the tools at their disposal.

#3. New technologies adoption are being developed every day and are expanding opportunities of your business…and your competitors on a daily basis. You must adopt these new mobile app solutions and tools in order to stay current and improve how efficient you are.

#4. Customer relationships is key to building long term revenues and reducing the cost to quire new customers by building a strong brand name. By developing a key field service tool, you are able to manage this relationship on a more consistent basis across all members of your team, which will allow you to ensure every customer has a ideal experience while interacting with your staff.

Industries That Already Use Field Service Solutions

The chart below depicts the leading 5 industries and their current adoption of field service apps. A large trend you can see is that a solid 40%~55% of companies already manage their field work with some sort of solution already.

Are You Ready To Improve Your Field Operations

With the increase of mobile workers and the ever increasing growth of field service solutions, your business needs better access to clients, measurable improvement to work processes, and more flexible systems in order to improve your business at all levels in the field.

Now developing Apps for Apple TV / TVos

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It has arrived! Our very own Apple TV (gen4) Developer kit has come in and we are excited to see what we can build for it. While the Apple fan boys will obsess over the new remote and the smooth interface, we are excited about what is happening behind the scenes.

While there is more programming languages to learn, new things to understand, and more hurdles for us developers to overcome, I really think there is some exciting benefits for end consumers. From business solutions, to games, to just having a new channel to reach out and connect with users.

Real World Solutions

Fitness / Health – I envision a explosion of exercise and fitness related options in 2016. Because a large portion of people that exercise at home already use DVD’s and videos to motivate themselves. But by using TVos, they can not have on-demand fitness content and videos, which will really change the way users consume health content.

Music / Entertainment – While Apple will always want to control music & concerts, I think the TVos is really going to break that construct and blow up. Through iTunes Apple has always had a tight control over music, because its really just been a simplistic media player. But with TVos, I see the social portion of Music really pushing the limits in how users interact with fresh music and even live concerts and shows.

Children / Games – While I don’t advocate TV as a way to babysit your kids, I think the Apple TV platform can definitely open the world to children and really bring social interaction back into their lives. Too many parents rely on iPads and Tablets to distract their children, but I image a world where the iPad is just a input device or controller, while the child can have live video calls with other families and children. Just image children having live webchat sessions, talking and laughing with other kids while they play word games or memory games face-to-face with other kids..live!

I am excited to see what sort of exciting apps and projects we get to work on in the coming year.