<p dir="ltr" style="text-align: justify;">In 2024, the fintech industry will gather at numerous events worldwide, each providing a unique perspective into the future of finance and technology. These conventions will be devoted to various topics such as digital advances, customer engagement, blockchain, AI and machine learning, process improvement, and many others. The collection in key financial centers around the globe will be quite profitable for learning, networking purposes, and showcasing the newer demos in fintech. They are intended to upgrade the sector.</p>
<p dir="ltr" style="text-align: justify;"><a href="https://agilie.com" target="_blank" rel="noopener">Agilie</a>, as a software development expert in the fintech industry, is excited to tell you about the top events this year to attend. Let&rsquo;s explore them.</p>
<h2 dir="ltr" style="text-align: justify;">Finovate Europe</h2>
<p style="text-align: justify;"><img src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1708940295831.jpg" width="1200" height="600" /></p>
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Date: 27-28 February</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Place: Intercontinental O2, London</p>
</li>
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<p dir="ltr" role="presentation">Price: &pound;2,199.00 + 20% VAT &pound;439.80</p>
</li>
</ul>
<p dir="ltr" style="text-align: justify;">FinovateEurope is a leading fintech conference focused on cutting-edge financial technology innovations and networking opportunities for accelerated growth in the sector. With a turnout of over 1000 influential individuals, boasting more than 500 representatives from the financial industry, and showcasing over 35 fintech demos, this event offers valuable insights. Topics include sustainable finance, generative AI, financial literacy, AML regulations, identity authentication, and personalization. This gathering provides senior personnel from banks to investors with the perfect opportunity to engage in discussions centered around the future of finance while fostering connections.</p>
<h2 dir="ltr" style="text-align: justify;">FiNext</h2>
<p style="text-align: justify;"><img src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1708940192060.webp" width="1200" height="600" /></p>
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Date: 28-29 February</p>
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<p dir="ltr" role="presentation">Place: Dubai</p>
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<p dir="ltr" role="presentation">Price: $1,199</p>
</li>
</ul>
<p dir="ltr" style="text-align: justify;">The FiNext Conference gathers various professionals in the finance industry. It allows tech startups, SMEs, investors, and incumbent providers to share experiences and forge partnerships. The main topics of this event are banking security, corporate cash management strategies, and cloud IT platforms.</p>
<h2 dir="ltr" style="text-align: justify;">MoneyLive Summit</h2>
<p style="text-align: justify;"><img src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1708940514207.jpg" width="1200" height="600" /></p>
<ul style="text-align: justify;">
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<p dir="ltr" role="presentation">Date: 6-7 March</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Place: QEII Centre, London</p>
</li>
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<p dir="ltr" role="presentation">Price: &euro;1,899.00 + VAT</p>
</li>
</ul>
<p dir="ltr" style="text-align: justify;">The MoneyLIVE 2024 Summit delves into key banking and payments topics: the global economy, changes related to artificial intelligence and Web 3.0, innovative payment solutions, open finance initiatives, lending strategies, digital currencies, and the future of the CBDCs member countries' payment infrastructure. The summit also explores fraud prevention and using digital identifiers and anti-money laundering. Overall, it is a comprehensive event highlighting macroeconomic forecasts and presenting the latest developments in the industry.</p>
<h2 dir="ltr" style="text-align: justify;">The Financial Brand Forum</h2>
<p style="text-align: justify;"><img src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1708940763182.jpg" width="1200" height="600" /></p>
<ul style="text-align: justify;">
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<p dir="ltr" role="presentation">Date: 20-22 May</p>
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<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Place: Las Vegas, NV (Aria Hotel Resort)</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Price: $2995</p>
</li>
</ul>
<p dir="ltr" style="text-align: justify;">The Financial Brands Forum is aimed at banking and financial services professionals specializing in marketing, CX, data analytics, and digital transformation. The event provides valuable insights into achieving growth through the newest strategies, trends, and technologies in financial services.</p>
<h2 dir="ltr" style="text-align: justify;">Money 20/20 Europe</h2>
<p style="text-align: justify;"><img src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1708940923052.png" width="1200" height="600" /></p>
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Date: 4-6 June</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Place: Amsterdam</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Price: &euro;3,295 + sales tax 21%</p>
</li>
</ul>
<p dir="ltr" style="text-align: justify;">Money20/20 Europe is a notable fintech event made up of innovations in the area of human and machine collaborations. The conference highlights the transformation of consumer and business interactions via technology, which aims to boost efficiency and experience anew in the financial domain. It attracts about 8,500 visitors, 390+ sponsors, and 350+ speakers from more than 100 countries, symbolizing its worldwide reach and source of various opinions and ideas to the fintech industry, which is essential for understanding <a title="how to develop a fintech app" href="https://agilie.com/blog/how-to-build-a-fintech-app" target="_blank" rel="noopener">how to develop a fintech app</a>.&nbsp;</p>
<h2 dir="ltr" style="text-align: justify;">Insurance Tech &amp; Innovation Conference</h2>
<p style="text-align: justify;"><img src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1708941203815.jpg" width="1200" height="600" /></p>
<ul style="text-align: justify;">
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<p dir="ltr" role="presentation">Date: 12-13 June</p>
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<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Place: Chicago, USA</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Price: $899</p>
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</ul>
<p dir="ltr" style="text-align: justify;">The Insurance Tech Innovation Conference highlights improving customer experiences using modern engagement models such as chatbots, omnichannel assistance, and other innovative solutions. Attendees will explore how digital changes have disrupted traditional insurance processes using analytics, blockchain technologies, and cloud systems. It also covers process transformation through RPA, legacy system modernization, automated compliance, and developing a roadmap for claims transformation and virtual claims handling.&nbsp;</p>
<h2 dir="ltr" style="text-align: justify;">Fintech Devcon</h2>
<p style="text-align: justify;"><img src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1708941450043.png" width="1200" height="600" /></p>
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Date: 7-9 August</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Place: Austin, Texas</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Price: $995</p>
</li>
</ul>
<p dir="ltr" style="text-align: justify;">Fintech DevCon is an esteemed gathering for developers in the fintech field. The event equips attendees with practical tools, best practices, and insider information from experienced current practitioners while strictly adhering to a no-sales pitch guideline. This conference strives to provide comprehensive insights into technical elements of fintech development through informative sessions that delve deeper into rising technologies, new methodologies of development, and inventive solutions pertaining specifically to this domain.</p>
<h2 dir="ltr" style="text-align: justify;">FinovateFall</h2>
<p style="text-align: justify;"><img src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1708941822353.jpg" width="1200" height="600" /></p>
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Date: 9-11 September</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Place: New York</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Price: $2,698</p>
</li>
</ul>
<p dir="ltr" style="text-align: justify;">FinovateFall focuses on the forefront of financial technology innovations, featuring over 70 product demos on a wide array of financial services technology, including blockchain, digital banking, and AI. It highlights 100+ innovators addressing the current financial climate, offering insights to navigate future challenges. The event is a hub for meaningful connections, with over 50% of attendees from financial institutions, including representation from the top 10 US banks. It's an essential conference for staying updated on fintech advancements and networking within the industry.</p>
<h2 dir="ltr" style="text-align: justify;">European Blockchain Convention (EBC)</h2>
<p style="text-align: justify;"><img src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1708942002220.jpg" width="1200" height="600" /></p>
<ul style="text-align: justify;">
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<p dir="ltr" role="presentation">Date: 25-26 September</p>
</li>
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<p dir="ltr" role="presentation">Place: Barcelona</p>
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<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Price: &euro;1,999 + 10% VAT</p>
</li>
</ul>
<p dir="ltr" style="text-align: justify;">The European Blockchain Convention covers digital assets and finance, including tokenization and CBDCs; Web3 technologies such as the metaverse and NFTs; infrastructure developments like smart contracts and DApps; policy discussions on regulation and standards; and blockchain enterprise applications in supply chain and identity. It gathers industry leaders to discuss the future of blockchain in various sectors.</p>
<h2 dir="ltr" style="text-align: justify;">Money 20/20</h2>
<p style="text-align: justify;"><img src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1708942228750.jpg" width="1200" height="600" /></p>
<ul style="text-align: justify;">
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<p dir="ltr" role="presentation">Date: 27-30 October</p>
</li>
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<p dir="ltr" role="presentation">Place: Las Vegas</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Price: $3,999</p>
</li>
</ul>
<p dir="ltr" style="text-align: justify;">Money20/20 is a major event that seeks to bridge the gap between humans and machines in the financial sector to transform consumer and business interactions. It gives a podium to the top sector leaders and the outcasts to elaborate on the future of money, including digital currencies, payment innovation, and fintech solutions. The event provides a platform for the participants of the global money ecosystem, such as banks, financial services, and financial tech startups, to explore new ways of collaboration and innovation.</p>
<h2 dir="ltr" style="text-align: justify;">Fintech Talents Festival</h2>
<p dir="ltr" style="text-align: justify;"><img src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1708942390810.jpg" width="1200" height="600" /></p>
<ul style="text-align: justify;">
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<p dir="ltr" role="presentation">Date: 11-12 November</p>
</li>
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<p dir="ltr" role="presentation">Place: London</p>
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</ul>
<p dir="ltr" style="text-align: justify;">Fintech Talents Festival covers innovation in financial technology, including discussions on digital banking, payment technologies, regulatory challenges, and the impact of emerging technologies like blockchain and AI on the fintech industry.</p>
<h2 dir="ltr" style="text-align: justify;">Conclusion</h2>
<p dir="ltr" style="text-align: justify;">2024 is rich with leading fintech events around the world. For experts who desire to be abreast of the latest developments in the fintech area, these knowledge databases offer a new level of detail as regards new technologies, strategic plans, and networking. Agilie, as a fintech industry&nbsp;<a href="https://agilie.com/expertise" target="_blank" rel="noopener">software development expert</a>, has prepared a list of the most significant events in this sector that will provide companies with information on trends and news to innovate each enterprise.</p>
<p style="text-align: justify;"><br /><br /></p>

<p><span style="white-space: pre-wrap; font-family: Arial, sans-serif; font-size: 14.666667px;">Explore the top fintech events 2024 to learn the latest trends and upgrade businesses with Agilie.</span></p>

Explore the top fintech events 2024 to learn the latest trends and upgrade businesses with Agilie.

Top FinTech Events 2024

<p dir="ltr" style="text-align: justify;">Welcome to the forefront of the digital revolution, where accessibility is no longer just a requirement but a pathway to inclusivity. In this era of dynamic transformation, the European Accessibility Act 2025 takes a central place. It encourages digital businesses to meet the needs of all consumers. Ensuring EAA compliance is a strategic step that can improve or redefine the brand's relationship with a significant part of the European market and beyond. We will show how to turn compliance into a competitive advantage.</p>
<div id="form-description" class="form-description" style="text-align: justify;" data-title="Key Takeaways" data-text="The EAA  applies to all businesses that provide digital products and services.
Compliance with the Act's requirements allows businesses to enter new markets, attract a new segment of users, and provide a competitive advantage.
Giving priority to accessibility builds customer trust and loyalty and strengthens brand confidence.
Compliance with the Act's requirements protects businesses from legal consequences by reducing the risk of lawsuits and fines and facilitates international transactions using a standardized approach. 
An important issue for every company is finding a reliable development partner to help its digital products and services meet the Act's requirements.">
<div class="form-description-title">Key Takeaways</div>
- The EAA applies to all businesses that provide digital products and services.&nbsp;<br />- Compliance with the Act's requirements allows businesses to enter new markets, attract a new segment of users, and provide a competitive advantage.&nbsp;<br />- Giving priority to accessibility builds customer trust and loyalty and strengthens brand confidence.&nbsp;<br />- Compliance with the Act's requirements protects businesses from legal consequences by reducing the risk of lawsuits and fines and facilitates international transactions using a standardized approach.&nbsp;<br />- An important issue for every company is finding a reliable development partner to help its digital products and services meet the Act's requirements.</div>
<h2 dir="ltr" style="text-align: justify;">What Is the European Accessibility Act 2025?</h2>
<p dir="ltr" style="text-align: justify;"><a href="https://ec.europa.eu/social/main.jsp?catId=1202" target="_blank" rel="noopener">The European Accessibility Act (EAA) 2025</a>&nbsp;is an EU law that requires that some everyday goods and services be accessible to people with disabilities. It aligns with the EU's commitments following the ratification of the&nbsp;<a href="https://www.un.org/disabilities/documents/convention/convoptprot-e.pdf" target="_blank" rel="noopener">United Nations Convention on the Rights of Persons with Disabilities</a>.</p>
<p dir="ltr" style="text-align: justify;">The European Accessibility Act will make life easier for&nbsp;101 million&nbsp;Europeans.&nbsp;</p>
<p dir="ltr" style="text-align: justify;"><img src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1707834367177.png" width="1200" height="600" /></p>
<p dir="ltr" style="text-align: justify;"><strong>Imagine this:</strong>&nbsp;people with visual impairments or musculoskeletal problems can use mobile apps, websites, or ATMs without issues.</p>
<p dir="ltr" style="text-align: justify;">The EAA&nbsp; aims to standardize accessibility requirements across European countries, promoting a consistent and inclusive online environment. This act applies to both public and private organizations within the European Union. It goes beyond the surface level, delving into the very architecture of digital products. They must be intuitive, reliable, and customized for users of all abilities. Let's find out what products and services are affected by this law.</p>
<h3 dir="ltr" style="text-align: justify;">The products and services affected by the EAA</h3>
<p dir="ltr" style="text-align: justify;">The scope of the European Accessibility Act covers a wide range of digital products and services to ensure inclusivity for people with disabilities. Here is a&nbsp;<a href="https://ec.europa.eu/social/main.jsp?catId=1202" target="_blank" rel="noopener">list</a>&nbsp;of products and services covered by the EAA:</p>
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Websites;</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Mobile applications;</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Online banking and financial services;</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">E-commerce platforms (e.g., online stores and their applications);</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">E-government services;</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Communication services (e.g., instant messaging, push notifications, email, and video conferencing platforms);</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Online educational platforms and resources;</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Standard content on broadcasters' websites;</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Transportation services with websites and applications;&nbsp;</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Interfaces of ATMs and ticket machines;</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">The purchases of information and communication technology (ICT) products and services by public sector organizations.</p>
</li>
</ul>
<p dir="ltr" style="text-align: justify;">The EAA touches on various aspects of the digital world to create a more inclusive and accessible environment for people with disabilities. So, what are the critical requirements for businesses to meet?</p>
<h3 dir="ltr" style="text-align: justify;">Key provisions and requirements</h3>
<p dir="ltr" style="text-align: justify;">It is essential to understand the main provisions and requirements of the EAA, which provide the basis for a more inclusive digital future.</p>
<p dir="ltr" style="text-align: justify;"><img src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1707834889898.png" width="1200" height="600" /></p>
<h4 dir="ltr" style="text-align: justify;">1. Acceptability</h4>
<p dir="ltr" style="text-align: justify;">Information and user interface components must be perceived and understood. This means alternative text for images, adapted text size, and voice commands for visually impaired people. It also applies to people with mobility disabilities. For people with hearing problems, it means textual accompaniment.&nbsp;</p>
<p dir="ltr" style="text-align: justify;">&nbsp;</p>
<h4 dir="ltr" style="text-align: justify;">2. Efficiency</h4>
<p dir="ltr" style="text-align: justify;">The accessibility of the keyboard ensures that users can easily interact with and navigate digital content.</p>
<p dir="ltr" style="text-align: justify;">&nbsp;</p>
<h4 dir="ltr" style="text-align: justify;">3. Clarity</h4>
<p dir="ltr" style="text-align: justify;">User interfaces should be clear and consistent and avoid any unnecessary complexity. Intuitive design ensures that users can understand and navigate digital platforms without obstacles.</p>
<p dir="ltr" style="text-align: justify;">&nbsp;</p>
<h4 dir="ltr" style="text-align: justify;">4. Reliability</h4>
<p dir="ltr" style="text-align: justify;">The EAA requires that digital products will remain accessible and interoperable with the development of technology.</p>
<p dir="ltr" style="text-align: justify;">&nbsp;</p>
<h4 dir="ltr" style="text-align: justify;">5. Harmonization in the European Union</h4>
<p dir="ltr" style="text-align: justify;">One of the innovative aspects of the EAA 2025 is the commitment to harmonize accessibility standards across the European Union. This simplifies compliance for businesses operating in multiple countries. It also promotes an inclusive user experience for people with disabilities, regardless of their location within the EU.</p>
<p dir="ltr" style="text-align: justify;">&nbsp;</p>
<h4 dir="ltr" style="text-align: justify;">6. Applicable to both the public and private sectors</h4>
<p dir="ltr" style="text-align: justify;">The EAA obliges every business to be accessible and participate in developing the digital ecosystem.</p>
<p dir="ltr" style="text-align: justify;">Agilie's team knows how to meet the requirements of this Act and is delighted to share this information.</p>
<p dir="ltr" style="text-align: justify;">&nbsp;</p>
<p dir="ltr" style="text-align: justify;"><strong>Fintech example.</strong>&nbsp;According to the EAA, neobanking services have to provide, for example:</p>
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">navigation with voice commands;</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">alternative text for graphs, charts, and financial data;</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">interface with keyboard navigation and connectivity with assistance technologies;</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">adaptability to evolving technologies and remain accessible over time;</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">harmonization of accessibility standards across different financial platforms within the European Union.</p>
</li>
</ul>
<p dir="ltr" style="text-align: justify;">Therefore, the app and website should provide such functions for successful growth.</p>
<p dir="ltr" style="text-align: justify;">&nbsp;</p>
<p dir="ltr"><a class="incut--wrap" style="transition-timing-function: ease; transition-property: all;" href="https://agilie.com/blog/7-profitable-fintech-app-development-fields-for-starting-a-business" target="_blank" rel="noopener" aria-label="incut"><img style="height: 344px; width: 778px; float: left;" src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1707838639713.png" width="100%" height="100%" /><span class="incut--text">Are you interested in profitable Fintech app development fields for starting a business? Let's discover them!</span></a></p>
<h2 dir="ltr" style="text-align: justify;">Unlocking Opportunities: Why the European Accessibility Act Should Shape Business Vision</h2>
<p dir="ltr" style="text-align: justify;">The implementation of the European Accessibility Act goes far beyond essential compliance. What opportunities are there for businesses?&nbsp;</p>
<h3 dir="ltr" style="text-align: justify;">Market expansion and inclusivity</h3>
<p dir="ltr" style="text-align: justify;">Businesses gain access to a market segment often overlooked by ensuring that digital products and services are accessible to people with disabilities. This inclusivity fosters a welcoming attitude and significantly expands a customer list.&nbsp;</p>
<h3 dir="ltr" style="text-align: justify;">Competitive advantage&nbsp;</h3>
<p dir="ltr" style="text-align: justify;">Demonstrating a commitment to inclusivity is about more than just social responsibility. It's a strategic move that differentiates companies from competitors.&nbsp;</p>
<h3 dir="ltr" style="text-align: justify;">Brand credibility and corporate image building&nbsp;</h3>
<p dir="ltr" style="text-align: justify;">Customers value brands that prioritize accessibility. This approach builds trust and loyalty, creating long-term relationships with the customers. People appreciate businesses that go beyond just profit reasons. This is an opportunity to become a favorite brand!&nbsp;</p>
<h3 dir="ltr" style="text-align: justify;">Legal compliance and risk management&nbsp;</h3>
<p dir="ltr" style="text-align: justify;">EAA compliance protects businesses from legal consequences. It reduces the risk of potential lawsuits and fines, providing a solid foundation for long-term operations.</p>
<h3 dir="ltr" style="text-align: justify;">Innovation and focus on the future</h3>
<p dir="ltr" style="text-align: justify;">Complying with accessibility standards, companies essentially protect their digital position. They will remain relevant and usable as technology evolves.</p>
<h3 dir="ltr" style="text-align: justify;">International operations and standardization</h3>
<p dir="ltr" style="text-align: justify;">Harmonizing accessibility standards across the European Union makes it easier for businesses to operate in multiple member states. It promotes a standardized approach, streamlining compliance efforts. Therefore, doing business in several EU countries or planning to expand this is an excellent opportunity.&nbsp;</p>
<p dir="ltr" style="text-align: justify;">So, every company that offers any digital product or service should include this significant government requirement in its business development strategy.&nbsp;</p>
<p dir="ltr" style="text-align: justify;"><strong>Picture this:</strong>&nbsp;a digital landscape where products and services are up-to-date and accessible to everyone, regardless of their abilities. Sounds great, right? It may seem challenging to implement. But don't worry! We know the solution - find a reliable partner who can efficiently and effectively make it happen.</p>
<p dir="ltr" style="text-align: justify;">Are you searching for a trustful partner who can provide the necessary developer services to prepare all your products for these governmental requirements?</p>
<p dir="ltr" style="text-align: left;"><a class="incut--wrap" style="transition-timing-function: ease; transition-property: all;" href="https://agilie.com" target="_blank" rel="noopener" aria-label="incut"><img style="height: 344px; width: 778px;" src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1707838750458.png" width="100%" height="100%" /><span class="incut--text">We are ready to help you! Get to know us.</span></a></p>
<h2 dir="ltr" style="text-align: justify;">Partnering for Success: Agilie's Expertise in Aligning Development with Regulatory Needs</h2>
<p dir="ltr" style="text-align: justify;">Agilie delivers exceptional software development services and provides unique solutions to meet all potential needs while companies meet the requirements of the EAA. Agilie is a trusted partner in unlocking the full potential of this Act. We specialize in creating solutions that match accessibility standards, transform the user experience, and become&nbsp;<a href="https://agilie.com/success-stories" target="_blank" rel="noopener">success stories</a>. From seamless navigation for everyone to immersive interfaces that break through barriers, we don't just meet expectations; we exceed them. It's more than accessible design. It's elegance, innovation, and lasting impact.</p>
<p dir="ltr" style="text-align: justify;">We understand that every business that provides digital products and services must comply with the requirements of the Act. Fulfill them quickly and effortlessly with the Agilie team.&nbsp;</p>
<p dir="ltr" style="text-align: justify;">Here is a brief overview of the process:</p>
<ol style="text-align: justify;">
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Consultations and documentation review.</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Prototyping.</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Development of a Software Requirements Specification (SRS) to define the project's purpose and scope.</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">UI/UX design.</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Planning phase: searching, creating a detailed outline, managing time, budget, human resources, and potential risks.</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Architecture creation.&nbsp;&nbsp;</p>
</li>
</ol>
<p dir="ltr" style="text-align: justify;">Contact Agilie today and let us begin a journey where your business not only complies with the standards but sets them. Leave your contact details in our form, and a business development manager will contact you.&nbsp;</p>
<p dir="ltr" style="text-align: left;"><a class="incut--wrap" style="transition-timing-function: ease; transition-property: all;" href="https://agilie.com/contacts" target="_blank" rel="noopener" aria-label="incut"><img style="height: 344px; width: 778px;" src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1707838871079.png" width="100%" height="100%" /><span class="incut--text">Your vision, our experience - let&rsquo;s create the future together! Contact us.</span></a></p>
<h2 dir="ltr" style="text-align: justify;">Final Thoughts&nbsp;</h2>
<p dir="ltr" style="text-align: justify;">Finalizing our research on the European Accessibility Act 2025, we concede that accessibility is not just a requirement but a transformative path to inclusivity. The products and services affected by the EAA cover a wide range of digital offers, from websites and mobile apps to e-commerce platforms, online banking, and more. In this dynamic era of digital evolution, the EAA:</p>
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">takes center stage, inviting businesses to meet the diverse needs of all consumers;</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">provides an opportunity to redefine brand identity and enter new markets;</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">is a strategic step that can change the brand's relationship with a large part of the European market and beyond.&nbsp;</p>
</li>
</ul>
<p dir="ltr" style="text-align: justify;">Market expansion, competitive advantage, increased brand trust, regulatory enforcement, and a focus on future innovation are the paths to growth and sustainability.</p>
<p dir="ltr" style="text-align: justify;">In this landscape of possibilities, Agilie is your partner, your guide to the challenges of EAA compliance. Our services go beyond mere software development; we specialize in delivering exceptional compliance solutions. Step into the future with Agilie.</p>
<p style="text-align: justify;">&nbsp;</p>

<p><span style="color: #0d0d0d; font-family: S&ouml;hne, ui-sans-serif, system-ui, -apple-system, 'Segoe UI', Roboto, Ubuntu, Cantarell, 'Noto Sans', sans-serif, 'Helvetica Neue', Arial, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol', 'Noto Color Emoji'; font-size: 16px; white-space-collapse: preserve; background-color: #ffffff;">Explore and seize unparalleled growth opportunities for businesses with the implementation of the European Accessibility Act 2025.</span></p>

Unlock business potential with the European Accessibility Act 2025. Navigate compliance, seize growth opportunities, and partner with Agilie for innovative software solutions.

Unlocking Inclusivity: Navigating the Invention of the European Accessibility Act 2025

<p dir="ltr" style="text-align: justify;"><span id="docs-internal-guid-eaafea18-7fff-519b-f0fa-36e7b26b602d">What is the</span> discovery phase, and why do you need it? Read our article to find out the answers!</p>

You’re planning to create a website or application and want it to make you profit as soon as possible, right? In this case, you cannot do without the discovery phase in software development ⚡ But what is the discovery phase of a project, and how to implement it in practice? Read our article to find out the answers ✅

Project Discovery Phase: Updated 2024 Guide + [Checklist] | Agilie

<p><span id="docs-internal-guid-76ba37c4-7fff-9330-4019-e803d0a42d73">Agile software development is a result-oriented way of building products from scratch that helps to consider all their weak spots and improve them on the go. As a result, you get a valuable product that no one can compete with.</span></p>

Agile software development is a result-oriented way of building products from scratch that helps to consider all their weak spots and improve them on the go. Learn more about the key principles if Agile, roles, metrics, pros and cons of Agile.

Agile Software Development: Hype or Working Practice? | Agilie

<p>In our digital era, companies need technologies on board, no matter their size or industry. That is why, oftentimes, they are one of the main business investments and thus they must be taken care of properly. That is when IT (information technology) support comes into play.</p>

 Read the article to know what IT support is, why you need IT support, how it functions, and what IT support consists of.

What is IT support? Types and tools | Agilie

<p dir="ltr">If you own an IT business, you probably know how difficult it is and how long it takes to recruit in-house IT specialists. Especially those with a Middle or Senior level of expertise or some with very rare tech skills. This could become a real nightmare if your project needs experts just right now.</p>
<p dir="ltr">What to do in such a case?&nbsp;</p>
<p dir="ltr">The smartest move you can take is to opt for a staff augmentation model that helps expand your team for a specific project extremely fast. Still don&rsquo;t know what this helpful model is? In this article, we will explain to you what staff augmentation really is, when it is best to use it, as well as give you all the cons of this model.&nbsp;</p>
<p dir="ltr">But let&rsquo;s start with some basics.</p>
<div id="form-description" class="form-description" data-title="Key Takeaways" data-text="Staff augmentation is a flexible and cost-effective solution for companies that need to scale their workforce quickly. By extending their existing team with external talent, companies can access a wide range of skills and expertise without committing to the long-term costs associated with hiring full-time. 
There are different models of staff augmentation, including time and material, fixed-price, and dedicated team models. These models offer varying degrees of flexibility and control, allowing companies to choose the model that best suits their needs.
Staff augmentation enables companies to access the skills and expertise they need to complete projects more quickly, ultimately leading to improved business outcomes and success.
Among the most popular cases of team augmentation use are when a company needs to meet a tight deadline, requires specialized skills, or wants to maintain its core team's stability. By leveraging staff augmentation, companies can quickly access the talent they need to meet their business objectives, without the long-term commitment of hiring full-time employees.
By adopting a staff augmentation model, companies can access a pool of skilled talent, reduce costs, and remain agile and responsive to changing market conditions, ultimately leading to improved business outcomes and success.">
<div class="form-description-title">Key Takeaways</div>
Staff augmentation is a flexible and cost-effective solution for companies that need to scale their workforce quickly. By extending their existing team with external talent, companies can access a wide range of skills and expertise without committing to the long-term costs associated with hiring full-time. <br /><br />There are different models of staff augmentation, including time and material, fixed-price, and dedicated team models. These models offer varying degrees of flexibility and control, allowing companies to choose the model that best suits their needs. <br /><br />Staff augmentation enables companies to access the skills and expertise they need to complete projects more quickly, ultimately leading to improved business outcomes and success. <br /><br />Among the most popular cases of team augmentation use are when a company needs to meet a tight deadline, requires specialized skills, or wants to maintain its core team's stability. By leveraging staff augmentation, companies can quickly access the talent they need to meet their business objectives, without the long-term commitment of hiring full-time employees. <br /><br />By adopting a staff augmentation model, companies can access a pool of skilled talent, reduce costs, and remain agile and responsive to changing market conditions, ultimately leading to improved business outcomes and success.</div>
<h2 dir="ltr">What is Staff Augmentation?</h2>
<p dir="ltr">When you first hear about IT staff augmentation services, many people would immediately think of an augmented human from a modern cyberpunk movie. Are you one of them? That is understandable.&nbsp;</p>
<p dir="ltr">In reality, IT staff augmentation is not about it at all. The word augment itself means to make something larger &mdash; in size, number, strength, etc. Augmented in the IT sphere means a bigger team. But having bigger teams doesn&rsquo;t mean becoming more effective. It can sometimes be quite the opposite, as bigger teams are quite difficult to manage. Staff augmentation can help you enlarge your team while ensuring that this staffing remains efficient.&nbsp;&nbsp;</p>
<p dir="ltr">To put it simply, staff augmentation is an outsourcing hiring strategy where a business temporarily hires one or several outsourcing IT experts for a certain project.&nbsp;</p>
<p dir="ltr"><img style="display: block; margin-left: auto; margin-right: auto;" src="https://d12zh9bqbty5wp.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1676407005789.png" width="2001" height="1401" /></p>
<p dir="ltr">Wait, so is it that simple? And you won&rsquo;t need to pay for time-consuming recruiting or consulting services?&nbsp;</p>
<p dir="ltr">Yep, you can find numerous staff augmentation providers that will do the job instead of you and hire excellent temporary engineers for your project very fast. Besides, skilled talent is hired to cover only the necessary positions temporarily, permanently, or on-demand. The hires are added to the in-house team and collaborate with them on a specific project which enhances the capacity of your team and organization.&nbsp;</p>
<h3 dir="ltr">Why is staff augmentation so popular?&nbsp;</h3>
<p dir="ltr">Staff augmentation has become a widely used practice worldwide with <a href="https://www2.staffingindustry.com/site/Research/Research-Reports/Americas/Global-Staffing-Forecast-May-2019" target="_blank" rel="noopener">$490 billion</a> of revenue annually. One of the main sources for staff augmentation is freelancing, which has become very popular recently due to the rise of numerous freelance platforms. Just imagine, in the US solely, about <a href="https://www2.staffingindustry.com/site/Research/Research-Reports/Americas/The-US-Gig-Economy-2019-Edition" target="_blank" rel="noopener">34% of workers</a> are freelancers, and this number grows each year.&nbsp;&nbsp;</p>
<p dir="ltr">But why has staff augmentation become so popular?&nbsp;</p>
<p dir="ltr">It is obvious. Many companies today choose IT staff augmentation for a bunch of situations, including talent shortage, high cost of IT professionals, and many more. This model helps businesses minimize operational costs while skyrocketing their efficiency. It also helps quickly scale your IT department once you need it and add more employees to keep up with the demand.&nbsp;</p>
<p dir="ltr">Staff augmentation can, undoubtedly, help you enhance both the quality and speed of your projects, because by hiring professionals in various fields, you get the expertise that your in-house developers may lack. This could be extremely helpful if you have complex IT projects and you need a senior level of expertise.</p>
<p dir="ltr">Last but not least, staff augmentation service can present your workers with excellent training opportunities. Your in-house staff can share the experience with your in-house team, allowing them to learn and grow throughout the whole development process.</p>
<h3 dir="ltr">Types of staff augmentation</h3>
<p dir="ltr">Today, IT staff augmentation can be divided into three main types, each with its own peculiarities:</p>
<p dir="ltr"><img style="display: block; margin-left: auto; margin-right: auto;" src="https://d12zh9bqbty5wp.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1676407019595.png" width="2001" height="1001" /></p>
<ul>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Core augmentation</p>
</li>
</ul>
<p dir="ltr">This type of augmentation is long-term with a full-time contract. All the resources of the business are shared with another company and the core team works full-time at the hired company while paralelly working in their own company. The roles and responsibilities of the core team are stated in the contract.</p>
<ul>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Temporary augmentation</p>
</li>
</ul>
<p dir="ltr">This type of augmentation is short-term with temporary staff for a specific project. Usually, companies prefer the temporary augmentation model if they lack the resources for covering all their projects. Temporary augs can increase the number of people to handle multiple projects.</p>
<ul>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Functional augmentation&nbsp;</p>
</li>
</ul>
<p dir="ltr">This type of augmentation involves contracted employees working temporarily on a specific project. The main difference between core and functional augmentation is that the latter doesn&rsquo;t have an indefinite duration.&nbsp;&nbsp;</p>
<h3 dir="ltr">Use cases of staff augmentation</h3>
<p dir="ltr"><img style="display: block; margin-left: auto; margin-right: auto;" src="https://d12zh9bqbty5wp.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1676407086168.png" width="2001" height="1201" /></p>
<p dir="ltr">Before applying this cooperation strategy, it is crucial to know its best use cases. Here are some of the most common uses when you should consider opting for staff augmentation:</p>
<ul>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">Reinforcing your in-house team: yes, you may already have a developer team that works in-house. However, when you launch new projects or release new products or services, it is better to improve your expertise by augmenting your existing IT team with temporary personnel. This way, you will get a better outcome.</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">When you have short deadlines: the process of recruiting new employees is a complex process with lots of stages. But if you don&rsquo;t have time and patience for it, you can take advantage of staff augmentation. You can get programmers from any part of the world very fast and meet the needs of your project, no matter if it is short- or long-term.&nbsp;</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">If you need specific expertise: if you need to get a specialist with a certain skill set over a short period of time, this cooperation method will help you out.&nbsp;</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation">If you need to bridge a gap: you can always hire temporary workers for short-term projects while looking for permanent candidates.</p>
</li>
</ul>
<h2 dir="ltr">The Difference between Staff Augmentation and Delivery Teams</h2>
<p dir="ltr">When learning about staff augmentation, you may also come across the term delivery teams. These two terms can even be misused sometimes.&nbsp;</p>
<p dir="ltr">But what is the difference? And is there any?&nbsp;</p>
<p dir="ltr">As we already found out, staff augmentation is the process of hiring one or more temporary tech specialists. So, when you have more demanding projects that need constant support through all their stages of development, staff augmentation might not be a good fit for you.&nbsp;</p>
<p dir="ltr">In this case, you need a delivery team that usually consists of a skilled project manager, several software developers, and quality assurance specialists. Such teams work on projects autonomously and need little or no supervision from your side.&nbsp;&nbsp;</p>
<h2 dir="ltr">Benefits of IT Staff Augmentation</h2>
<p dir="ltr">Just like with any other cooperation strategy, staff augmentation comes with a bunch of pros and cons. Here is the list of some of the benefits you can get when opting for this model:</p>
<p dir="ltr"><img style="display: block; margin-left: auto; margin-right: auto;" src="https://d12zh9bqbty5wp.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1676407045860.png" width="2001" height="1101" /></p>
<h3 dir="ltr">1. Reduction of the time for recruiting</h3>
<p dir="ltr">Organizing a well-functioning recruiting process takes time and energy. You need to create job descriptions, place them on the job portals, interview candidates, and do many other necessary steps. And even all of them do not guarantee fast and successful hiring.&nbsp;</p>
<p dir="ltr">But what if we say that staff augmentation will eliminate all these stages, especially if you get help from a staff augmentation company? It will do everything instead of you and staff your business very fast with new full members of your team.&nbsp;</p>
<p dir="ltr">Besides, having temporary workers will help you fight another issue called overstaffing. When you have already delivered the project, you may not need the same number of workers anymore. And with staff augmentation, you won&rsquo;t face the problem of firing gifted tech talent.&nbsp;</p>
<h3 dir="ltr">2. Access to a talented pool of experts</h3>
<p dir="ltr">When you need a candidate with a certain technical skill set, the staff augmentation company will offer you good fits without wasting your time. Besides, you can select experts from any part of the world to meet your business goals if you do not have matches in your region.&nbsp;</p>
<p dir="ltr">With staff augmentation, you can use both internal and external resources while saving your time on onboarding and training of the new employees.&nbsp;</p>
<h3 dir="ltr">3. Enhanced flexibility and scalability</h3>
<p dir="ltr">This model is extremely flexible and scalable. With IT staff augmentation, you can easily both upscale or downscale your development team, which is more comfortable than hiring full-time employees. What is more, when the project ends, you can end the partnership with temporary staff or revive it in the future if you need help again. This won&rsquo;t ruin your brand image like firing your employees.&nbsp;</p>
<h3 dir="ltr">4. Quality on a budget</h3>
<p dir="ltr">If your business has a limited budget and payroll, staff augmentation is just for you. You don&rsquo;t need to pay any extra costs as you do with full-time staff. However, you can always add some bonuses to improve their happiness and performance.&nbsp;</p>
<p dir="ltr">Moreover, small businesses benefit a lot from temporary placement on a short-term basis with no long-term commitment as you do not need to pay taxes or insurance.&nbsp;</p>
<p dir="ltr">But does this mean that the quality is lower, too? Of course, not. Staff augs deliver the same quality and quantity of work just like your full-time employees.&nbsp;</p>
<h2 dir="ltr">How to Succeed with Team Augmentation</h2>
<p dir="ltr">If done the right way, staff augmentation can significantly improve your bottom line and enhance productivity. Here is a step-by-step guide on how to successfully implement this strategy in your business:&nbsp;</p>
<p dir="ltr"><img style="display: block; margin-left: auto; margin-right: auto;" src="https://d12zh9bqbty5wp.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1676407061994.png" width="2001" height="1701" /></p>
<h3 dir="ltr">Identify which skill or expertise your company needs</h3>
<p dir="ltr">The first step of staff augmentation adoption is identifying which tech expertise you currently need by conducting a detailed analysis of your business operation. You can also assess your projects requirements and your personnel audit outcome and find out which gap you have and whether the acquisition of the temporary employees will help you out.</p>
<h3 dir="ltr">Search for staff augmentation provider</h3>
<p dir="ltr">When you are looking for a staff augmentation vendor, you should always keep in mind your requirements as different staff augmentation companies have different approaches to recruiting. Conduct the research, assess their credentials and offers, and track records. Make sure to find someone who aligns with both your corporate and operational cultures.&nbsp;</p>
<h3 dir="ltr">Compare and choose one</h3>
<p dir="ltr">You don&rsquo;t need to choose only one staff augmentation provider as each of them has unique offers to consider. Try to multisource, select several of the most suitable vendors, compare them, and select the one that is the best fit for long-term cooperation.</p>
<h3 dir="ltr">Foster a healthy relationship between in-house and remote teams</h3>
<p dir="ltr">No matter if you work with in-house or remote teams, you need to force a healthy environment in which everyone is happy to work. How? You need to communicate with everyone and ensure that each of the teams is in sync. For example, when you are holding a meeting, ask about your team&rsquo;s interests or hobbies to figure out what they have in common. This will also help in building a healthy relationship in the team.&nbsp;</p>
<h3 dir="ltr">Make sure the communication is clear</h3>
<p dir="ltr">Did you know that your bottom line can be improved with the help of clear communication? How so? It is obvious. Your entire team needs to understand your business vision and mission as well as all project requirements. It is also very important to ensure clear communication so that everyone who takes part in the development and administration process can contribute to it and buy into decisions.</p>
<h3 dir="ltr">Master useful technologies</h3>
<p dir="ltr">Always master technologies and tools that might be helpful for you. Such team collaboration tools like CRM system, Slack, JIRA, task management system, or Basecamp help to share comments from team members as well as project statuses. Be careful as the lack of communication may result in miscommunication. And this can affect your entire project negatively. Many modern tools can do the contrary; they enhance the communication and collaboration within your team.&nbsp;</p>
<p dir="ltr">Conclusion&nbsp;&nbsp;</p>
<p dir="ltr">Undoubtedly, a staff augmentation strategy allows you to focus on your core business objectives and stay competitive in this fast-paced world. By adopting this cooperation solution, you get several benefits, like decreasing time and cost for recruiting and employment, improved efficiency of your team, and extreme flexibility and scalability.&nbsp;</p>
<p dir="ltr" style="line-height: 1.9871999999999999; margin-top: 0pt; margin-bottom: 10pt;">If you often need employees for short-term projects, then IT staff augmentation is surely a must for your firm. And the abundance of staff augmentation providers on the market will ensure that you hire only skilled developers whenever you need them and won&rsquo;t spend too much time and money on recruiting. <span id="docs-internal-guid-38677343-7fff-dfcf-7319-998567c0d35d"></span></p>

<p>Staff augmentation is an outsourcing hiring strategy where a business temporarily hires one or several outsourcing IT experts for a certain project.</p>

Staff augmentation is an outsourcing hiring strategy where a business temporarily hires one or several outsourcing IT experts for a certain project.

What is Staff Augmentation and How it Works | Agilie

<p>The Dedicated Team Model is a model of cooperation with a digital service provider in which the client is provided with software development specialists on a long-term basis. A team of specialists is selected in accordance with the requirements of the project, based on their experience and skills.</p>

The Dedicated Team Model is a model of cooperation with a digital service provider in which the client is provided with software development specialists on a long-term basis. A team of specialists is selected in accordance with the requirements of the project, based on their experience and skills.

Dedicated Team Model: What It Is, Pros & Cons for Your Project | Agilie

<p id="docs-internal-guid-8357fa14-7fff-5992-cf6a-611c0aa3d29e" dir="ltr">What is a minimum lovable product (MLP) and how can it benefit your business? You've come to the right place for the answers to these questions, as we're ready to provide them in our piece.</p>
<p dir="ltr">Let's start with the fact that technologies are rapidly evolving, and new software items appear every day. As a result, users are harder to please than before.</p>
<p dir="ltr">Under such conditions, MLP can be the key to success. When building lovable products, we kind of test the waters. The task is to better understand what to offer our target audience and how to delight our users.</p>
<p dir="ltr">Of course, these are just generalities. They aren&rsquo;t enough to build MLP. That's why we've prepared a complete guide; hopefully, it'll help you figure this issue out properly.&nbsp;</p>
<h2 dir="ltr"><strong>What Is A Minimum Lovable Product?</strong></h2>
<p dir="ltr">Just like MVP, a minimum loveable product provides users with a basic set of features: those without which the app or website won&rsquo;t work properly. And the main difference is that MLP pays great attention to the UI/UX factor. The goal is to spend a minimum of resources to create a product, capable of attracting the users even in its simplified version.</p>
<p dir="ltr">The author of the concept is Brian Haaff. He proposed a minimum loveable product definition in 2013 when he realized the MVP approach no longer worked as it should.</p>
<h3 dir="ltr"><strong>Why Make A Product Lovable?</strong></h3>
<p dir="ltr">Every year the markets become more competitive, which makes consumers especially capricious and demanding. They won&rsquo;t be satisfied with just a useful product, they need the emotions and impressions it provides them with.</p>
<p dir="ltr">Here is a basic example, just to make things clear. Visitors to the only coffee shop in the city would be happy with any interior and menu (they have nothing to choose from!). However, the situation will change radically as soon as several more similar establishments appear. That's when you have to think about beautiful serving, tasty dishes, and other ways to attract customers.</p>
<p dir="ltr">In other words, today it's important to create an emotional connection with consumers and give them the best experience of interacting with your product. And you can't achieve this goal with the help of useful features alone.</p>
<p dir="ltr">If you still don&rsquo;t see the relationship between the minimum loveable product definition and all of the above, pay attention to the picture below. It'll put things into perspective.</p>
<p dir="ltr" style="text-align: center;"><img src="https://d12zh9bqbty5wp.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1656580113622.png" alt="what is a minimum lovable product" width="1000" height="800" /></p>
<p dir="ltr">On the left, we see regular coffee without milk, cream, and other additives. It's a good option to brighten yourself up early in the morning, but nothing more. Another thing is a cappuccino with thick milk foam. Such a drink is tastier and looks prettier, it gives more emotions and impressions.&nbsp;</p>
<p dir="ltr">As you may have guessed, the coffee on the left is the MVP. The cappuccino on the right is the MLP.</p>
<p dir="ltr"><a class="incut--wrap" href="https://agilie.com/blog/how-your-startup-can-reduce-development-costs-with-an-mvp" aria-label="incut"> <img src="https://d12zh9bqbty5wp.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1656580077647.png" width="100%" height="100%" /> <span class="incut--text">To better understand what MVP is, read our other article.</span> </a></p>
<p dir="ltr">And now let's take a closer look at the main differences between these concepts.</p>
<h3 dir="ltr"><strong>The Difference Between MVP and MLP</strong></h3>
<p dir="ltr">MVP is a simplified software version helping businesses bring the product to market at a low cost and in a short time. After the MVP launch, the company collects and analyzes the feedback and considers further steps.</p>
<p dir="ltr">For a long time, MVP was more than enough to get things done&hellip; however, the high level of competition presented new demands, which resulted in the emergence of MLP.&nbsp;</p>
<p dir="ltr">A minimum lovable product delights consumers beyond solving their problems. That's its main essence... but the differences don't end there. Let's look at some of them:</p>
<ul>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation"><strong>Primary goal.</strong> MVP is designed to confirm or refute the software idea, collect feedback on the product, and think about the further development strategy. MLP, on the other hand, needs to win over early adopters, so to say.</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation"><strong>Time and financial costs.</strong> Building lovable products takes more time and effort than developing an easier-to-implement MVP.&nbsp;</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation"><strong>UI/UX</strong>. When creating an MVP, little attention is paid to UX, because it's not a key task. But if you intend to build MLP, you have to take care of the product usability and work on the interface design. After all, MLP should appeal to users.</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation"><strong>Relationships with users.</strong> After testing the MVP, users simply express their opinion about the software and say if everything works as it should. But interaction with MLP must hook and interest them; ideally, it causes the word-of-mouth effect.</p>
</li>
</ul>
<p dir="ltr">The difference between MVP and MLP is clear, but let's not forget one more concept, namely, MMP.</p>
<h3 dir="ltr"><strong>What About MMP?</strong></h3>
<p dir="ltr">MMP stands for Minimum Marketable Product. The name eloquently reflects the concept idea and shows that we're dealing with the minimum set of features for which people don't mind paying. Of course, it's still a simplified software version, but it's monetizable. Simply put, this is a polished MVP or MLP.&nbsp;</p>
<p dir="ltr">There is even a special formula to illustrate the MMP meaning:</p>
<p dir="ltr" style="text-align: center;"><em>MVP/MLP v01 + MVP/MLP v02 + MVP/MLP v03 + &hellip; MVP/MLP v0N = MMP</em></p>
<p dir="ltr">By testing and improving MVP or MLP, we gradually make it a commercially interesting product.</p>
<p dir="ltr"><img style="display: block; margin-left: auto; margin-right: auto;" src="https://d12zh9bqbty5wp.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1656580172251.png" alt="difference between mvp and mlp" width="1000" height="900" /></p>
<h2 dir="ltr"><strong>The Benefits Of Creating Your MLP Product</strong></h2>
<ul>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation"><strong>Increasing competitiveness. </strong>As you've already understood, the concept of MLP appeared due to a new problem, which is the crowded markets. Lovable products have more chances to appeal to the customers and make them loyal. As a result, you increase the competitiveness of your company.</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation"><strong>Loveable product with low effort.</strong> You can test the product in its simplified version and understand how to perfect it without big financial outlays at the start. And it's not just about offering the user what he needs: you offer him something that pleases him and brings him positive emotions.</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation"><strong>Reduced time to market.</strong> By creating your MLP product, you reduce your time to market many times over. Also, you're making the user fall in love with your software (even in its stripped-down form), which is an additional bonus. Minimum launch time with maximum user loyalty sounds pretty good, right?</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation"><strong>Marketing at the start. </strong>If you make a product lovable, you initiate a viral effect. Users, admiring your software, begin to discuss it with each other and thus contribute to its promotion.</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" role="presentation"><strong>Early Branding.</strong> And one more benefit is the opportunity to work on the recognition of your product at the very first development stages. You can do this by incorporating branding elements into the interface design.</p>
</li>
</ul>
<p dir="ltr"><a class="incut--wrap" href="https://agilie.com/blog/what-are-the-next-steps-after-creating-an-mvp" aria-label="incut"> <img src="https://d12zh9bqbty5wp.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1656580228583.png" width="100%" height="100%" /> <span class="incut--text">What if you&rsquo;ve already created MVP? Your next steps are described in the piece at the link.</span> </a></p>
<h2 dir="ltr"><strong>How To Build A Minimum Loveable Product</strong></h2>
<p dir="ltr">Since MLP is a simplified version of the software, there is no point in trying to bring a flawless product to market. It might take too much time, money, and effort, which will devalue the MLP concept. In addition, you're unlikely to 100% guess the tastes of your audience on the first try, even with preliminary research. So you had better take it slow and act wisely.</p>
<h3 dir="ltr"><strong>Let&rsquo;s Build MLP From Scratch</strong></h3>
<p dir="ltr">We&rsquo;ll start with a more complicated option when you don&rsquo;t have anything ready.&nbsp;</p>
<p dir="ltr"><img style="display: block; margin-left: auto; margin-right: auto;" src="https://d12zh9bqbty5wp.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1656580310230.png" alt="how to build a minimum loveable product" width="1000" height="550" /></p>
<h4 dir="ltr"><strong>Setting the MLP Goal</strong></h4>
<p dir="ltr">Surely, your product must be visually appealing, but it's not enough! The MLP must still solve the user's problem. Define this problem and make it the goal of your project. Among other things, knowing your tasks will help you later come up with the functionality ideas.</p>
<h4 dir="ltr"><strong>Market Analysis</strong></h4>
<p dir="ltr">To understand how to build a minimum loveable product, you need to explore the current market situation. What kind of competitors will you have? What are their strengths and weaknesses? What do your potential users choose and why?</p>
<p dir="ltr">Until you answer these and other similar questions, it is pointless to continue.</p>
<h4 dir="ltr"><strong>Selection Of Must-Have Features</strong></h4>
<p dir="ltr">As we said, in addition to trying to impress customers, you must solve their problem. And the only way to solve it is to provide them with some basic functionality. Therefore, choose the minimum set of features, which will allow users to get what they want, whether it's an online order on a website or booking a hotel room through an app (or whatever!).</p>
<h4 dir="ltr"><strong>Working on UI/UX</strong></h4>
<p dir="ltr">Pay special attention to the next step when creating your MLP product. It&rsquo;s really crucial, as now is the time when you make your software not only useful but also loveable.</p>
<p dir="ltr">Work properly on the interface design. Remember, the process of using your product should be pleasant, easy, and exciting: in short, your app or website must be user-friendly. Only in this case, the first interaction of customers with the software will give them the most positive experience.</p>
<p dir="ltr">And one more piece of advice: don't try to design based on UI/UX trends alone. Consider the data you&rsquo;ve collected during your market analysis.</p>
<h4 dir="ltr"><strong>Community Gathering</strong></h4>
<p dir="ltr">Also, it doesn't hurt to create a community loyal to your product. Find those users among the target audience who believe in your project and are ready to help you finish it. Communicate with them on an ongoing basis and get their opinion on your MLP.&nbsp;</p>
<h4 dir="ltr"><strong>MLP Launch &amp; Testing</strong></h4>
<p dir="ltr">If you think your work will soon come to an end, then you're going to be disappointed. Alas, it's just begun.</p>
<p dir="ltr">After launching MLP, you need to test it on end-users and collect their feedback. The task is to draw conclusions and decide on the next development steps.&nbsp;</p>
<p dir="ltr">You&rsquo;ll act in this way cyclically, in iterations, until MLP becomes MMP: a minimized product, which brings you profit.</p>
<h3 dir="ltr"><strong>Turning an MVP Into a Minimum Lovable Product</strong></h3>
<p dir="ltr">Another minimum lovable product example is the case when MLP is based on an already existing MVP.</p>
<p dir="ltr">Suppose, you've already built a minimum viable product... why abandon it entirely? A much smarter step is to remake your MVP into what you actually need. And if you're not sure where to start, take a look at our tips, they might help you.</p>
<h4 dir="ltr"><strong>Clarifying The Goal</strong></h4>
<p dir="ltr">First, you need to clarify the purpose of your project. Discuss the situation with the team and let them know that you have another task now, an updated one. All of you should work together, knowing what goal your company is aiming at and what you should get in the end.</p>
<h4 dir="ltr"><strong>Analyzing User Preferences</strong></h4>
<p dir="ltr">You already have the basic functionality, which is a good start. All you have to do now is to add some appealing elements to your product and thus make it loveable.</p>
<p dir="ltr">If you haven't conducted your customer preference research yet, it&rsquo;s the best time to finally do so. You can use the received data to develop a further strategy. Your task is to work on software design, provide an innovative user experience, and think about integration with other tools.</p>
<h4 dir="ltr"><strong>Looking For Balance</strong></h4>
<p dir="ltr">As you understand, there is a difference between MVP and MLP, but these concepts have something in common too. Namely, we&rsquo;re talking about the opportunity to launch the product without any extra effort. Therefore, one must keep in mind the balance between under-investing and over-investing in MLP.</p>
<p dir="ltr">If you under-invest in a project, you'll achieve nothing. If you overdo it out of a desire to implement too many features or UI elements, you'll waste extra resources.</p>
<h2 dir="ltr"><strong>Summary</strong></h2>
<p dir="ltr">Creating an MVP only makes sense if you don't have any idea about your target audience yet, which is typical in the early project stages. Once you have the right information, turn your MVP into an MLP.</p>
<p dir="ltr">And remember! MLP development is an iterative process. It'll continue until you see you've achieved what you want, which means customers enjoy using your product.</p>
<h3 dir="ltr"><strong>BTW!</strong></h3>
<p>Our experts know how to build a minimum loveable product and have relevant development experience. And we would be happy to help you with your software project.</p>
<p>&nbsp;</p>
<p>&nbsp;</p>

<p><span id="docs-internal-guid-4741a6ec-7fff-c7ec-4162-822f8db63584">MVP is no longer working! To successfully compete in the market, you need to start by </span>creating your MLP product ⚡️ It's harder, but the result is better. But what is a minimum lovable product? And how to create one? We're happy to share with you our expertise in this regard. 💥</p>

MVP is no longer working! To successfully compete in the market, you need to start by creating your MLP product ⚡️ It's harder, but the result is better. But what is a minimum lovable product? And how to create one? We're happy to share with you our expertise in this regard. 💥

What is a minimum lovable product? | The difference between MVP and MLP

<p dir="ltr" style="text-align: justify;"><span id="docs-internal-guid-ffc04ced-7fff-1c27-71a8-06f1b85a7b1f">Blockchain has become a paradigm shift that changes the operations of different industries. Nevertheless, like any other disruptive technology, a lot of myths and misconceptions have appeared. We should differentiate between fact and fiction to use blockchain technology effectively and responsibly. We can better understand what blockchain is (and isn&rsquo;t), how it functions, and the varied applications it holds besides cryptocurrencies by clarifying these misconceptions.</span></p>
<div id="form-description" class="form-description" data-title="Key Takeaways" data-text="Blockchain is not just about Bitcoin; it is the technology that can transform different fields. 

Blockchains are strong but not flawless, and being aware of the possible weak sections is a very important thing in keeping the network safe.

Educational investment and partnerships with software development experts are the main factors for businesses that will use blockchain technology.">
<div class="form-description-title">Key Takeaways</div>
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
<p dir="ltr" style="text-align: left;" role="presentation">Blockchain is not just about Bitcoin; it is the technology that can transform different fields.&nbsp;</p>
</li>
<li dir="ltr" style="text-align: left;" aria-level="1">
<p dir="ltr" role="presentation">Blockchains are strong but not flawless, and being aware of the possible weak sections is a very important thing in keeping the network safe.</p>
</li>
<li dir="ltr" aria-level="1">
<p dir="ltr" style="text-align: left;" role="presentation">Educational investment and partnerships with software development experts are the main factors for businesses that will use blockchain technology.</p>
</li>
</ul>
</div>
<h2 dir="ltr" role="presentation">&nbsp;Myth 1: Blockchain and Bitcoin Are the Same</h2>
<p dir="ltr">Among the most common myths about blockchain technology is the confusion between the blockchain and Bitcoin. Blockchain and Bitcoin were created simultaneously, so they are widely believed to be the same thing. However, we must understand that blockchain is a much broader term. It is the technology that created Bitcoin. While Bitcoin is indeed the first and most famous application of this technology, equating the two is like saying that Google is the Internet.</p>
<p dir="ltr">Blockchain is a decentralized digital ledger technology (DLT) that records transactions across multiple computers so that the records cannot be altered retroactively, without the alteration of all subsequent blocks and the consensus of the network.</p>
<p dir="ltr">This makes blockchain a naturally secure and transparent method of data and transaction recording.&nbsp;</p>
<p dir="ltr">Bitcoin is a type of digital currency based on blockchain technology and used for secure, anonymous, and decentralized financial transactions. The blockchain of Bitcoin acts as a public ledger for all the transactions in the Bitcoin network, thus, it is possible to transfer digital currency securely without the use of intermediaries like banks or governments.&nbsp;</p>
<p dir="ltr">Blockchain technology can be much broader than purely financial transactions. It can be used in different industries with various aims. <span style="text-align: justify;">Nowadays, many businesses are studying how blockchain can </span>improve their operations (read more about <a href="https://agilie.com/blog/enterprise-blockchain-development-how-businesses-derive-benefits" target="_blank" rel="noopener">enterprise blockchain development</a> and <a href="https://agilie.com/blog/enterprise-blockchain-development-how-businesses-derive-benefits" target="_blank" rel="noopener">enterprise-grade blockchain development</a>)<span style="text-align: justify;">.</span></p>
<p><span id="docs-internal-guid-472b7e6f-7fff-cc7f-585e-96d452017ac3"></span></p>
<p dir="ltr">Here are a few examples:</p>
<p dir="ltr"><strong>Healthcare:</strong> Blockchain can guarantee the safety of medical records storage and sharing. Thus, they are only available to authorized personnel and patients and lead to quicker diagnosis and treatment.​</p>
<p dir="ltr"><strong>Financial Services:</strong> Blockchain is a viable solution for international payments, real-time settlements, and improving transaction transparency and security.</p>
<p dir="ltr"><strong>Digital Identity:&nbsp;</strong> Blockchain can correct identity theft and fraud by adding digital identities that cannot be changed. For example, Estonia's e-Residency program is the first of its kind, a government-issued digital identity that allows entrepreneurs from anywhere in the world to operate and conduct business online in the EU.</p>
<p dir="ltr" style="text-align: justify;"><strong>Real Estate:</strong> Blockchain can simplify property transactions such as sales, leasing, and financing by reducing paperwork and improving transparency.</p>
<p dir="ltr"><a class="incut--wrap" style="transition-delay: 0s;" href="https://agilie.com/blog/the-evolution-of-blockchain-from-bitcoin-to-business-applications" target="_blank" rel="noopener" aria-label="incut"><img style="height: 344px; width: 778px;" src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1716280829344.png" width="100%" height="100%" /><span class="incut--text">Learn more about the evolution of Blockchain from Bitcoin to business applications.</span></a></p>
<h2 dir="ltr">Myth 2: Blockchain Transactions Are Always Anonymous</h2>
<p dir="ltr">A frequent mistake people make about blockchain technology is that it is automatically anonymous to its users. However, the truth is more nuanced. Blockchain transactions are not strictly anonymous but pseudonymous.</p>
<p dir="ltr">Pseudonymity means that a user's identity is not directly tied to their blockchain transactions but rather to a digital pseudonym, typically a public key or a blockchain address. These addresses are like a sequence of letters and numbers, giving privacy but not total anonymity.</p>
<p dir="ltr">In contrast, anonymity would mean that the transactions are entirely disconnected from any identity, even a pseudonym, making them untraceable to the user. Blockchain does not usually provide this level of anonymity because the transaction history of each blockchain address is visible to anyone who accesses the blockchain.</p>
<p dir="ltr" style="line-height: 1.38; text-align: justify; margin-top: 12pt; margin-bottom: 12pt;">Most blockchains are open ledgers, meaning that all transactions are visible to anyone who wishes to view them. This level of transparency ensures that while users' identities are not directly exposed, their transaction histories and patterns can be analyzed.<span style="font-size: 11pt; font-family: Roboto, sans-serif; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-variant-alternates: normal; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-position: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"> </span><span id="docs-internal-guid-c8674fbb-7fff-173a-3f3d-9882e492f23a" style="text-align: start;"></span></p>
<p dir="ltr" role="presentation"><img src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1716280901953.png" /></p>
<p dir="ltr">While basic blockchain transactions offer pseudonymity, several enhancements and tools can increase privacy:</p>
<p dir="ltr"><strong>1. Mixing Services:</strong> Services like CoinJoin allow multiple users to combine their transactions into a single transaction with multiple inputs and outputs. This mixing blurs the traceability of any single coin, making it more difficult to link wallets with identities.</p>
<p dir="ltr"><strong>2. Privacy-Focused Cryptocurrencies:</strong> Some cryptocurrencies, like Monero and Zcash, are designed specifically to enhance privacy. Monero uses ring signatures and stealth addresses to hide the transactions&rsquo; origins, amounts, and destinations. Zcash allows users to shield transactions completely through its zk-SNARKs technology, which enables transactions to be verified without revealing the sender, receiver, or amount.</p>
<p dir="ltr" style="text-align: justify;"><span id="docs-internal-guid-f6cb6e39-7fff-8fd8-9fd0-26fe5c883950"><strong>3. Use of Multiple Addresses:</strong> Users can increase their privacy by using multiple wallets or addresses, dispersing their transactions across several points, which makes it more challenging to link them to a single identity.</span></p>
<p dir="ltr"><a class="incut--wrap" style="transition-delay: 0s;" href="https://agilie.com/blog/blockchain-tech-trends-how-to-stay-ahead-of-the-curve" target="_blank" rel="noopener" aria-label="incut"><img style="height: 344px; width: 778px;" src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1716280997458.png" width="100%" height="100%" /><span class="incut--text">Explore key blockchain technology trends and stay ahead in its innovation with insights and practical examples.</span></a></p>
<h2 dir="ltr">Myth 3: Blockchains Are Unhackable</h2>
<p dir="ltr">The idea that blockchains are completely unhackable is a frequently held misconception that can cause a dangerous level of complacency in security measures. While blockchain technology does offer robust security features, it is not immune to vulnerabilities. Knowing the security features employed and the situations in which breaches happen is very important for anyone who wants to use blockchain for their business.</p>
<p dir="ltr">Blockchain technology secures data through several mechanisms:</p>
<p dir="ltr"><strong>Cryptography:</strong> Every transaction on a blockchain is secured using cryptographic algorithms, which ensure that data can neither be altered nor read without the appropriate cryptographic key.</p>
<p dir="ltr"><strong>Decentralization:</strong> By distributing copies of the ledger across a network, blockchain reduces the risk of a single point of failure that could compromise the entire system.</p>
<p dir="ltr" style="text-align: justify;"><span id="docs-internal-guid-b11010c4-7fff-1a1a-ce63-614d99637ccb"><strong>Consensus Protocols:</strong> Blockchains use various consensus mechanisms, like Proof of Work (PoW) or Proof of Stake (PoS), to agree on the validity of transactions. These protocols prevent a malicious actor from changing even a single aspect of the blockchain.</span></p>
<p dir="ltr"><a class="incut--wrap" style="transition-delay: 0s;" href="https://agilie.com/expertise/fintech/blockchain-software" target="_blank" rel="noopener" aria-label="incut"><img style="height: 344px; width: 778px;" src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1716281102044.png" width="100%" height="100%" /><span class="incut--text">Learn more about our blockchain software development services.</span></a></p>
<p dir="ltr">Despite these security measures, there are scenarios where blockchains can and have been compromised.</p>
<h3 dir="ltr">Scenarios Under Which Breaches Have Occurred</h3>
<p dir="ltr"><strong>51% Attacks:</strong> This type of attack happens when a single entity gains control of more than 50% of the network&rsquo;s mining hash rate or stake, allowing them to manipulate transactions and potentially double-spend coins.&nbsp;</p>
<p dir="ltr"><strong>Code Vulnerabilities:</strong> <a href="https://agilie.com/blog/secure-smart-contract-design-best-practices-in-solidity-programming" target="_blank" rel="noopener">Smart contracts</a>, which are self-executing contracts with the terms directly written into code, can contain vulnerabilities. One of the most famous incidents is the DAO attack on the Ethereum network. Hackers exploited a vulnerability in the DAO (Decentralized Autonomous Organization) smart contract code to siphon off one-third of the DAO&rsquo;s funds.</p>
<p dir="ltr"><span id="docs-internal-guid-7785ebac-7fff-06ee-6f06-69621bbdcfd6"><strong>Phishing and Social Engineering:</strong> End-user security is often the weakest link in a blockchain system. Phishing attacks can allow attackers access to blockchain assets, bypassing network security measures, to steal private keys or wallet credentials.</span></p>
<p dir="ltr" role="presentation"><img src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1716281254703.png" /></p>
<h2 dir="ltr" style="text-align: justify;">Conclusion</h2>
<p dir="ltr">The blockchain technology is often seen as highly popular and muddled at the same time.&nbsp; Falsified myths are only part of the misconceptions that can mislead such a fantastic technology. Similarly, proper professional knowledge and strategy can help blockchain perform to its potential in various fields.&nbsp;<span style="font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Oxygen, Ubuntu, Cantarell, 'Open Sans', 'Helvetica Neue', sans-serif;"><a href="https://agilie.com/blog/your-own-cryptocurrency-from-scratch-everything-you-need-to-know-to-create-your-cryptocurrency" target="_blank" rel="noopener">Building your own cryptocurrency</a> can be a strategic move for businesses seeking to innovate and tap into new digital markets.</span></p>
<p dir="ltr">At <a href="https://agilie.com" target="_blank" rel="noopener">Agilie</a>, we understand that dealing with a complex environment is also a significant challenge. This is why we create powerful blockchain systems and wish to educate our clients regarding the breadth of blockchain-utilizing services. Therefore, such solutions can be tailored to your industry's concrete necessities and problems.</p>
<p dir="ltr"><a class="incut--wrap" style="transition-delay: 0s;" href="https://agilie.com/contacts" target="_blank" rel="noopener" aria-label="incut"><img style="height: 344px; width: 778px;" src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1716281316627.png" width="100%" height="100%" /><span class="incut--text">Contact us to find out how our blockchain development services can help you achieve your goal.</span></a></p>

<p><span style="text-align: justify;">Discover the truths about blockchain technology as we debunk common myths and clarify its applications to empower businesses with informed integration.</span></p>

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