Sandbox to Live Platform
Moving from a sandbox to a live platform
Moving from a sandbox to a live platform- while daunting, can be an exhilarating experience. While you may find that you have put satisfactory efforts into repairing problems with your app, products or services, you may find that there are a few other kinks or obstacles not previously considered.
Depending on the live platform chosen, issues of functionality, security, and scalability may sometimes arise. For instance, financial apps that offer blockchain functionality come with highly regulated requirements and you may sometimes need to provide additional disclosure if your product handles commercially sensitive data .
Prior to going live, you will want to consider the following:
- Ensure that you do not push questionable changes into production. Hasty decisions can lead to poor functionality and a loss of confidence in your app or product
- Ensure that any commercially sensitive data is handled appropriately. If you’re unsure, the best course of action is to contact an attorney within your jurisdiction or that of your app/service
- Obtain necessary licenses. For instances, depending on the market you choose to offer securities in, you may need to qualify for additional licenses
- Understand what your technology can and cannot do. Do not overstate the functions of your app. This defeats disclosure requirements and your stock price will likely suffer as a result once the issues with your app are brought to light.
In choosing to go live, it’s also important to have the right team by your side. Your developers, software team, vendors, and other third-parties will play a pivotal role in the success of your app. If you’re in doubt, it is best to ensure that you have experienced personnel to ensure that your app progresses in the way you envision it to.
Patenting your App
As software and blockchain apps become more popular, the race to patent such ideas has become ever evident. In protecting your idea, it is important to ensure that your app remains in your control.
If you require the assistance of a patent attorney, it is important to seek such assistance immediately. Get in touch with one of our patent attorneys today to protect your blockchain idea.