How Blockchain Technology is Disrupting the Mobile App Development Process?
Ritesh Patil / January 17, 2019 | 6 Mins Read
Blockchain is one of the public digital ledgers that can record all transaction process of cryptocurrencies in a secure and transparent manner. Presently, this technology is being applied in the mobile apps to make the electronic transaction process fast and it also keeps users information protected.
The inclination towards the adoption of leading-edge technologies has been boosting all industries. According to the current market scenario, we can say that competition is existing in all the marketplaces.
Start-ups are facing difficulties to implement new technologies that can help them stay ahead in this competition. Now mobile app experts are being hired by many startups who want to explore the massive growth of the current industry.
Blockchain is the decentralized technology that underpins digital currency, such as Litecoin, Ethereum, Bitcoin, and the like. This technology gives the authorization to distribute digital information, but not copied. That means the individual piece of information can have one owner only.
Here is all about the Blockchain technology
One of the most preferable technology Blockchain makes secure and transparent the p2p payment architecture process and it reduces the necessity of middleman who can observe the complete scenario.
Blockchain has contributed to various industries, such as insurance, healthcare, banking, finance, and real estate. Essentially, this technology plays an important role in the transaction securely tracking process, which is a vital aspect for an industry at some point in time.
This decentralized technology can easily track transactions of all parties that they share with respective stakeholders. Surely it increases transparency and also enhances the app security process, and reduce fraudulent transactions without knowing the stakeholders.
Blockchain technology can integrate multiple areas seamlessly. It not only manages the digital transaction process but also blockchain protocols handle peer-to-peer transactions in users mobile apps. Moreover, this technology helps in protecting all dedicated and unalterable information of mobile app transaction.
Blockchain apps can transform the existing business models through its lower-cost solutions process. The blockchain protocols make digital transactions more accessible in business by implementing new methods. Blockchain technology can reduce time to the manual work and effortlessly complete it on time.
This decentralized technology has a long way to go even the cryptocurrencies lose the race, it doesn't reduce the importance of blockchain. This technology will definitely disrupt all industries which need the security of digital transaction processes like real estate, healthcare organizations, and many more.
How companies are utilizing Blockchain technology?
Most of the companies are preferring to use blockchain technology through strategic investments and acquisitions. However, a large number of organizations haven't yet put blockchain solution in various sections and productions.
Companies are hugely investing in the research work. Or you can say, all size companies are dedicatedly focusing on how they can implement this technology to enable new capabilities. Because people are now quite aware of the beneficial aspects of Blockchain technologies.
Is it really easy to evolve blockchain apps?
It’s not everyone’s cup of tea to incorporate blockchain technology into the project of app development, and still, it’s quite tough to make them secure.
A well-versed mobile app developer who has enough knowledge in the arena of the blockchain app development process is still lacking in the current market.
Thus, it’s a very crucial thing to fix the right standards and utilize the right technical tools for motivating many app developers to enter this field.
In this article, we are trying to highlight some points that can help the start-ups who want to add blockchain technology to their mobile app evolution project conveniently and make this process easier to manage.
Your business should aware of all aspects of Blockchain technology
You need to get a clear idea about which app you want to develop by Blockchain technology. Before developing an app in this competitive era you need to understand your business requirements.
Your app should require digital transparency, customers’ trust, and proper accountability through the particular network then you can implement the blockchain technology to update your app.
Stay updated about all the relevant technologies
Start-ups should focus on the fact that their app developers upgrade their own knowledge and skill constantly whenever new technologies enter the market.
They need effective academic training to upgrade themselves. Moreover, they should follow social media to get new information to stay ahead in this tech-savvy industry.
It can give powerful processing to your company
This is a one-stop solution that can reduce the mining problem. Some organizations or research institutions that require immense processing power to compute things like health models or weather patterns. In such a case, companies don’t need to put their own fund into the calculation process. Blockchain allows them to save their money and time so, they can complete their other prime works on time.
Why Blockchain is one of the hot topics of discussion?
For quite a time now, blockchain technology has been significantly making the rounds to advance processes within some industries. It has been the most important topics under discussion on social media and information channels in the most recent times.
Presently, a number of industry experts adhere to the fact that the blockchain plays a pivotal job in building app development thereby ensuing in a comprehensive and great growth that is applicable to other important businesses.
This is one of the great reasons why the companies are now taking care of their resources, efforts and time to build comprehensive settings for the expertise. The major common methods to do this are through application development.
Image Source: mor.studio
Mobile Application development Strategies to Implement Blockchain
Both the mobile application development industry and blockchain technology tend to implement its similar source, which is the internet. As application development deals with the making of apps for mobile phones and handheld gadgets, there is no other nice place for the blockchain to make profits.
While blockchain technology can still be assumed to have revolved in its initial stages of maturity, it is a key to know that the technology, which works other than an environment and software is generally polymorphic in features.
To this point, besides from using this technology to boost and enhance the transaction process through a decentralized network, mobile application developers can implement blockchain technology to create mobile applications with the additional design functions.
Integration of Blockchain technology with Application Development
Presently, developers are effectively incorporating app development with blockchain to cater to the needs of users. In simple terms, they employ the blockchain to carry out functions in the setting of the apps they are developing.
Based on the utility of the application they are creating, developers would have to choose an apt blockchain solution to create the application. This could preferably include Hyperledge, IOTA, Quorum, Ethereum, Multichain, etc.
Hyperledger platform is highly recommended when coming to the building and implementing superior blockchain solutions for mobile & web devices.
It is an open source blockchain platform that app developers are employing now to integrate blockchain in their app development. Hyperledger has confirmed to remain an effective role in helping people to develop significant blockchain solutions rooted on the IoT.
This platform is preferably chosen when it comes to developing blockchain applications for IoT tools. Many developers often prefer IOTA in an offer to ensure secure and fast payments between coupled IoT devices.
It is a great platform for creating a payment system that emphasizes high-quality transactions and uninterrupted services, which employ the acyclic graph (DAG).
Ethereum is primarily preferred because of its great level of adaptability and flexibility. It is easily comprehensible to the individual and proffers smart-contract utility important in enhancing the blockchain app development.
In the coming years, Blockchain will transform countless mobile apps, and modifying the industry, such as retail to supply chain, and other industries in the same manner. It will definitely increase more secure mobile options for all the sectors.
To analyze the product development and its scientific components, developers would have to go through a comprehensive blockchain app development process in order to think other applicable necessities. This is how the blockchain is used by the mobile application development today.
This is high time to realize the truth that blockchain technology is a one-stop solution for the purpose of a mobile app development project. If a company wants to stay ahead in this ever-changing industry then they have to get an idea about the usefulness and the helpful resources of Blockchain technology.
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Ritesh Patil is the co-founder of Mobisoft Infotech that helps startups and enterprises in mobile technology. He loves technology, especially mobile technology. He’s an avid blogger and writes on the mobile application. He works in a leading mobile app development company with skilled iOS and Android app developers that have developed innovative mobile applications across various fields.