DO IT ALL IN A MODERN WAY
The block chain is an undeniably ingenious invention — the brainchild of a person or group of people known by the pseudonym, Satoshi Nakamoto. But since then, it has evolved into something greater, and the main question every single person is asking is: What is Block chain?
By allowing digital information to be distributed but not copied, block chain technology created the backbone of a new type of internet. Originally devised for the digital currency, Bit coin, (Buy Bit coin) the tech community is now finding other potential uses for the technology.
Bit coin has been called “digital gold,” and for a good reason. To date, the total value of the currency is close to $9 billion US. And block chains can make other types of digital value. Like the internet (or your car), you don’t need to know how the block chain works to use it. However, having a basic knowledge of this new technology shows why it’s considered revolutionary. So, we hope you enjoy this, what is Block chain guide.
What I am trying to tell you all is that block chain helps us all in appropriate product designing and delivering, we all know that product design and delivery is the first and one of the most important principals in client protection. Let’s see how it actually helps,
First of all talking about client protection principals,
Smart Microfinance is being fully transparent in the pricing, terms and conditions of all financial products. Smart Microfinance is working with clients so they do not borrow more money than they can repay or use products that they do not need. Smart Microfinance employs respectful collection practices and adopts high ethical standards in the treatment of clients. Smart Microfinance gives clients a way to address their complaints so they can be served more effectively. Smart Microfinance ensures client data remains private. Smart Microfinance protects clients, businesses, and the industry as a whole.
Smart Microfinance encompasses core Client Protection Principles to help microfinance institutions practice good ethics and smart business. The Client Protection Principles are the minimum standards that clients should expect to receive when doing business with a microfinance institution. These principles were distilled from the path-breaking work by providers, international networks, and national microfinance associations to develop pro-client codes of conduct and practices.
The first principal of it all is one of the most important “Appropriate product design and delivery”, so this principal Providers will take adequate care to design products and delivery channels in such a way that they do not cause clients harm. Products and delivery channels will be designed with client characteristics taken into account.
Block chain will help you do it in a very systematic way ,
Blockchain has the tech industry buzzing. Speculation that it will disrupt long-standing products and services are rampant. To have that kind of impact on the everyday lives of people, blockchain needs to overcome its usability problem. User experience design will ultimately have a greater impact on the widespread adoption of blockchain than the technology itself.
User experience (UX) design is the process of creating products that provide meaningful and personally relevant experiences. It focuses on the design of both a product’s usability and the pleasure users feel when using it. Aside from usability and desirability, it is also concerned with the entire process of acquiring and interacting with the product. Including aspects of branding, visual design, and function.
The value of your product in the market to which it is applicable is likely not new. People already do banking, sign contracts, buy groceries, ship packages, etc.. The fact that you are implementing your particular product on a blockchain versus some other technology, shouldn’t change how you approach design .
Think about email as an analogy. How many people using email could tell you anything about POP3, IMAP, DNS, or any of the underlying technology that makes email possible? How many of them would even have any idea that those things even exist?
Designing for blockchain is still just designing for humans. But that’s not to say that underlying technology never has any impact on design decisions. While good product design tends to be opaque to the technology implementing it, sometimes it can be beneficial to be more transparent or expose the user to some degree.
This is still human centered, digital design. That being said, here’s some things to keep in mind when designing for blockchain.
1. Talk to your users
2. Trust and credibility
3. Timing, feedback and one-way actions
4. Onboarding and education
Blockchain is something every technologist has on their radar. Depending on who you talk to, it’s either the best promise of hope or the biggest purveyor of hype. Regardless, it will impact markets and products in myriad ways in the future.
Designers are playing an important part in how blockchain technology wins or loses in that future. Designing for any product should focus on the user and their goals. Never the underlying technology. Designing for any technology will always pull the focus for designers towards the pernicious and sub-optimal parts of that technology in order build great experiences on top of them.
Don’t lose focus of how your product is making your user successful. And don’t let the technology become the ends, rather than the means.
INFORMATION EXTRACTED FROM :-
https://medium.com/tandemly/ux-design-for-blockchain-is-still-ux-design-2a3e1dd15a99
https://www.smartcampaign.org/about/smart-microfinance-and-the-client-protection-principles
https://blockgeeks.com/guides/what-is-blockchain-technology/
Written by:- Meleeza Ratnayake
