Open Platform is the new blockchain protocol which will allow developers to connect the back end payments systems for their App/Dapp to the blockchain allowing for payments in the most widely used cryptocurrencies. Without any other knowledge than what they already possess or having to build out costly infrastructure using complex programming languages (such as Solidity), developers can easily connect their applications with the Open Platform off-chain stack for a new source of revenue.
In today landscape, there are very few options other than Google’s Play Store or Apple’s iTunes for developers to monetize their apps. However, the fees and commissions that their hosts charge are extremely high, making it a very unprofitable relationship in many cases. Until now, developers have had very little choice. This is why Open Platform will revolution the app/Dapp payment industry with applause from the developer community.
Open Platform will only require a 3% fee from payments to be reinvested in the Developer Growth Pool which will be used to maintain the system and incentivize developers. This means that the majority of the profits will be paid to developers who rightfully deserve the lion’s share for their hard work and innovation. Building a useful protocol is one thing, but without having a proper incentive program for developers, like Open has considered, will undermine the project’s viability.
The revenue generated from mobile app payments is 2017 was close to $177 billion dollars. If Open can achieve a fraction of this amount, it will be a huge success. In addition, once the platform goes live, we will witness thousand of new, useful and entertaining apps coming on line for customers to choose from; rather than the selection that is currently limited due to strict policies and revenue focused decisions made by iTunes and the Google Play Store.
Although there are competing projects emerging these day, there is no other that is as user friendly for developers as Open. The infracture is computer language agnostic, allowing for almost any coding language to be used to connect to its network; as well as communication with any blockchain in use today. Not having programmers to have to use Solidity to connect their back end payment systems will be most welcomed.
Open has already began to make a name for itself, partnering with ZenSoft; one of Silicon Valley’s most notable software developers. This partnership signals that the industry recognizes that Open Platforms solution is a sustainable option for payments in the industry. This partnership will also open the doors from Open to connect with numerous high profile customers throughout Silicon Valley. Although this is a very important partnership, Open is very active at getting the word out to the community, so we look forward to many more profitable partnerships as this.
2018 will be the year that the blockchain departs infancy and enters maturity which makes Open Platform’s entry into the market a welcomed event. As the traditional methods of payment processing makes room for blockchain protocols, I am personally happy to see projects like
Open here to serve as a secure service to manage my online purchases. We are looking forward to great things from the Open Platform team in 2018!!
For more information, please visit the following links:
Website: https://www.openfuture.io/
Whitepaper: https://s3.amazonaws.com/openmoney/OPEN+Platform+White+Paper+2018-03-08.pdf
Medium: https://medium.com/@theOPENPlatform
Telegram: https://t.me/joinchat/FDNbh0M079p5fnfOHFEJaw
Twitter: https://twitter.com/OpenPlatformICO
Reddit: https://www.reddit.com/r/OPENPlatform/
Bounty Program: http://bountycontest.openmoney.digital/2043
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