How do you generate license keys for a software application, and why are license keys important? Well, many software products simply cannot be sold unless you have a way to control who has access to the application, and that’s where a license key comes in. Today, I will give you an overview of license keys and explain how you can implement a license key solution for your software product.
You can also watch the YouTube video we have made on the same topic:
What are License Keys?
First of all, what do I mean when I say “license key”? In the most standard setup, companies give out a license key to customers upon successful payment. When they try to enter your software application, they will have to insert that license key in order to get access to the product. Non-customers can’t provide a valid license key and they will not be granted access.
If you have subscription payments set up, the license key should also be able to restrict access from people who did not pay their latest subscription fee or canceled their subscription. It now becomes clear that, without a software licensing solution, even non-customers who download your product can get access to it, and of course, no one would ever pay for such a product.
How to Generate License Keys for Software Applications
A license key generator is then a solution that is able to generate license keys. Partial key verification gives developers a simple way to generate license keys. With partial key verification, you would generate a subset of license keys and set up an algorithm that checks only a part of that license key and some of the information stored within. This method is a lightweight solution that still prevents unauthorized users from accessing the application.
However, the bad news is that the structure of the license keys that you generate will start to leak with time, and the system can be bypassed quite easily. So what’s the good news? There are better ways of implementing a license key solution that performs full key verification which is a lot more secure and gives you a lot more control.
Implementing a Secure Software License Solution
Now, you can code such a system yourself, but there are many benefits to outsourcing software licensing to a Licensing as a Service (LaaS) provider. Here are some of them: When you work with a LaaS provider such as Cryptolens, you get so much more value out of the system without having to spend the time developing it yourself. For example, you can easily create and manage license keys in our dashboard and review real-time analytics data regarding how customers are using your product.
You can also use our comprehensive documentation guides to set up different licensing models to make sure that you charge optimally for your product so that you do not miss out on any revenue. You can even set up licensing to work in an offline setting, and we have seamless integrations with leading third-party providers to make the entire process effortless to set up.
And the best of all? You have the ability to implement licensing for any software application in your favorite programming language with Cryptolens within minutes.
Thank you for reading, Stay Smart!