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How is BlockChain Useful for the Mobile App Developers?

Mobile app development has been evolving in a regular manner. Several unprecedented advances have been made in mobility solutions, thanks to the progressive and innovative technologies that keep’s coming up. With the advent of blockchain technology—the latest trend in the technological world—especially business transactions via mobile apps have reached unforeseen levels.

With several varied industries attempting to harness the power of blockchain technology for enhancing their processes, mobile application developers are certainly not left behind. Blockchain development is seen to be the next big leap in tech-driven mobility solutions.

This distributed technology has touched the various modern industries ranging from healthcare to banking to mobile app developments, and many others. Offering complete transparency to all processes, this technology, as it does with several other industries and their stakeholders, is about to impact mobile application developers in a big way.

What are the Key Benefits that Make Blockchain Technology so Special for the Mobile App Development Industry?

  1. Blockchain Enables Digital Wallets

Digital wallet applications have gained enormous popularity with the advancement of cryptocurrency. Demand for digital wallet has been found to increase regularly. Not just the tremendous rise in cryptocurrency-based digital wallets, the need for a safer and reliable technology to ensure wallet security also makes blockchain to play a vital role.

2. Digital Identity Applications Will Reach Several Industries

All participants of blockchain have specific identities. This can be achieved by getting the personal information registered on private blockchain, or public network. Blockchain-based identity is strong and reliable. It can be used for personal identification in several organizations such as banks, hospitals, government offices, and others.

Building digital identification management apps has become always possible for industries such as education, insurance, banks, and several others.

  1. Blockchain Helps in Improving the Advertisement Model

Another area that is about to be revamped completely under the blockchain regime is advertising model by developers. Contemporary advertising campaigns involve cost-per-installment model that all developers are obliged to invest in. This is required for reaching the broadest audience possible. Being strewn with factors such as middlemen and policies, the amount realized by developers is comparatively very low.

In future, thanks to blockchain technology, this approach will be replaced by the strategy of cost-per-attention. In this model, users are rewarded by app coins for the specific time that they spend on using the app. This helps eliminate middlemen and thus rewarding users with coins that proves useful for making in-app purchases smoothly and efficiently.

  1. In-app Purchase issues can be Resolved Using Blockchain

Despite the fact that most of the world’s population today owns smartphones, a major portion of them are unable to make in-app purchases due to the lack of necessary payment methods such as credit cards. There is the potential threat of fraud even if users do have credit cards. Moreover, there are deterring factors such as app store fee, bank transfer fee, card processing fee, and gateway fee. These factors continue to eat up a portion of the proceedings involved with the purchases.

The decentralized model of blockchain, when used in purchase transactions, facilitates using app coins for paying the app store. This way, developers stand to get a bigger share. Users will also find making in-app purchases pretty much easier, as they can use app coins as a payment method. This also eliminates the need for including all processes related to credit card payment.

  1. App Approval Will be Streamlined and Made Transparent by Blockchain

Currently, it is the app stores—mainly the two players, namely, Google’s Play Store and Apple’s App Store—that make their own decision about approving apps for sale in their respective stores, or otherwise. Presently, this app approval process is not found to be fair; it proves to be cumbersome and frequently arbitrary.

By using the blockchain model, the app approval process would become better, as it would be performed through a transparent developer reputation system. A separate user ranking method and decentralized public ledger will be used for specific developers individually. This makes the process all the more transparent and fair.

  1. The Environment Gets More Secure

A great magnitude of transparency is achieved while using blockchain technology in mobile app development. With everything recorded, it becomes possible to easily track information for every users. They may view all factors related to the process. Mobile app developers will be better positioned for resolving unique challenges associated with data security and privacy such as HIPAA.

  1. Blockchain Enables Smart Contract System

Blocks in the blockchain have the capability of recording ownership, values, and timestamp. It is also possible to use these blocks on the basis of smart contract systems. The peer-to-peer architecture in the blockchain network ensures that there’s eventually no possibility of data manipulation.

By way of implementing smart contracts in all business deals, customers and businesses will tend to develop better trust and understanding. Smart contracts will be playing a key role in mobile app development related to facilitating transaction authentication among parties. The twin advantages of providing secure and cost-effective way in app development may be achieved by using this system.

  1. Remote Area Penetration Will be High With Blockchain

People living in certain under-developed regions of the world, may be having digital devices such as smartphones, but may be unable to access financial systems such as bank accounts, or other personal credit system. Blockchain will ensure that users having Internet access would be able to establish online mobile wallet in which tokens or coins may be stored and used.

This will enable people living in even remote locations to actively participate in online transactions such as E-Commerce activities, money transfer, and securing loans, without having to bear hefty charges toward services by banks or financial institutions.

What Will be the Positive Impacts of Blockchain on Mobile App Development?

Integration of blockchain into mobility solutions will be the driving factor for boosting productivity and improving efficiency, in several sectors in future. Establishing and authenticating interactions on a peer-to-peer level by app developers using blockchain will become common.

Creation of high-performing, efficient M-Commerce applications that enable smooth online trading between buyers and sellers, across the globe will be achieved. This will eliminate the need for individuals and institutions posing as middlemen, thus savings hefty charges and fees.

The transparency of data and openness of transactions made possible in the mobile applications of the future will help greatly to improve the processes of purchases and sales.

There are 11 million bitcoin wallets set up – BitInfoCharts, 2018

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What Mobile App Developers Need to Know About Blockchain?

How Blockchain Technology Will Revolutionize Mobile App Economy?

Bitcoin And Associated Developments

BitCoinNews.com has some interesting things to say about profiting while traveling abroad. Physical currency and traveler’s checks are quickly becoming anachronistic. Digital currency solutions make it such that you can use the same Visa credit card overseas that you use in your home country. You can even use ATMs and print out currency.

Bitcoin essentially provides the same kind of service. With Bitcoin, you can go to any Bitcoin machine and extract cash as it conforms to current Bitcoin rates. Such machines are currently throughout the world; you’ve just got to find them in the cities you visit. Now all that’s easy enough to say—but the question then becomes: how does it work?

Well, in a word, blockchain—and this pertains to the subject of this writing. Blockchain solutions are positioned to utterly transform the current mobile app economy. Blockchain is what facilitates Bitcoin, but it’s not something which is solely related to cryptocurrency; it’s just what makes cryptocurrency valuable.

Understanding Blockchain:

Basically, a blockchain is a list of information that can’t be tampered with. Records, transaction details, etc., are all securely maintained in “blocks” which build on one another over time. Differing time-stamps primarily striate different “blocks”. Cryptography of a new type which compounds on itself with each new “block” secures the technology.

As more people buy into cryptocurrency, more blocks are created. More blocks equate to greater blockchain security, facilitating increased cryptocurrency value. It’s a self-feeding upward spiral. As pertains to apps, mobile app security is a key feature of an application’s dependability, reliability, and trustworthiness.

The digital world is abuzz with blockchain tech, as it provides a means of securing operations which continues to increase on itself positively as it is used. I.E., the more it’s used, the more secure it becomes. Think of it like Chinse finger-cuffs, as a rough analogy. The more you struggle, the tighter they become. Well, the more you use blockchain tech, the more secure it becomes.

Simultaneously, security is expedited and infrastructure is diminished substantially, reducing operational expense while expanding operational ability. In three years, the blockchain market is set to be worth $20+ billion.

Decentralized Financial Security

With blockchain technology it becomes possible to securely decentralize computing in terms of financial institutions, allowing for instantaneous mobile banking solutions around the clock independent of location or day. So not only is infrastructure reduced in terms of security, but customer service and operational utility increases.

Applications secured by blockchain can now be used in a secure capacity on a non-corporate basis. That is to say: a small startup company who designs an application can compete with the most qualitative applications on the market securely by applying blockchain solutions to their app’s data encryption.

Additionally, companies who produce applications and utilize blockchain tech have the ability to provide small or large businesses with application services almost on-demand. The only temporal loss comes in the time it takes to properly develop an app.

Such application security isn’t limited to mobile applications used via smartphone, tablet, laptop, or other IoT, either. It additionally has security value for solutions at the enterprise level. Data needs to be secured between business locations which are located separate from one another.

Direct Application Of On-Site Security Solutions Via Blockchain

Consider this reality: you’ve got quality control protocols in place which must be disseminated securely between varying locations. These chunks of quality control data are rife with proprietary information, and documents of an otherwise sensitive nature. But they must be properly put to use regardless of such sensitivity!

An EQMS solution solidified in terms of security through blockchain tech stands to bear greater dependability than the same solutions not supported via blockchain. If you make the switch and your competitors don’t, you’re operating at an objective advantage in terms of security.

And it doesn’t end there, either. when you get right down to it, any software solution that can be encrypted stands to see an advantage through the application of blockchain solutions.

Transitions To New Tech Need Not Be Initially Comprehensive

For those who have yet to fully embrace this technology, it makes sense to start making some transitions. You’ve seen how Bitcoin is apt to fluctuate madly in terms of profit expansion before everyone jumps on the bandwagon and the currency loses value for a period. Yet if you look at Bitcoin over the long run, it’s been on an upward trend.

Technologists the world over are keeping their eye on Bitcoin and the blockchain encryption protocols which make it valuable. Certainly not everyone has faith in the cryptocurrency blockchain enables, but the blockchain tech itself is rock-solid, and has accordingly spread throughout multiple areas of modern technology utility.

Still, making the blockchain switch for certain internal applications can be complicated. A wise idea is working with agencies who specialize in development of software which incorporates such encryption. Whether you go for a total upgrade will depend on your business. Sometimes you want to upgrade sequentially, sometimes all at once. Generally, the larger your business, the more cost-effective gradual transition is.

Remaining Relevant In Today’s Market

Today’s professional atmosphere is surfeited with enough technology that you can build a digital picture of the situation which is more accurate than straightforward examination of the data may be—in some cases. When you make decisions as regards transitioning your operation, do so informed by the data with tools such as Loggly that help you understand your app better.

From marketing outreach to operational egress, today’s technology collects more information which relates to operations than perhaps ever before. Not putting that to good use is a fundamental error. Look at your existing costs, and the information you have available; but don’t restrict yourself to that which can be harvested internally in terms of data.

Look at competitors as well, and also consider trends in the market, like blockchain’s increasing relevancy. Remember, you can always go about a shift sequentially; meaning you can “try it out” before making a concrete decision.

When it comes to mobile applications, blockchain is recommendable for security in terms of even the most elite technological functions—banking and blockchain are proof positive of that. If you have yet to incorporate such encryption into operational paradigms throughout your company, you might want to do your homework to see if such changes are a good fit for your operation.

Are you looking for a Blockchain App Development Company?

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What Mobile App Developers Need to Know About Blockchain?

What Mobile App Developers Need to Know About Blockchain?

Having been promoted for secure transactions, Blockchain is among the hot topics of the contemporary world. Used by the Bitcoin cryptocurrency for its public ledger where transactions get recorded, the blockchain is a datastructure. With Bitcoin being viewed as the biggest ever speculative bubble that has created millionaires, there’s little wonder in the use of Blockchain increasing in an exponential manner. Numerous organizations from financial, health, and real estate sectors are seen to back the underlying encryption technology, Blockchain.

Blockchain proves to be a great asset for iOS Development Companies

Role Played by Blockchain in Mobile App Development

A distributed digital ledger that records transactions in any decentralized database that is located conveniently in multiple places, Blockchain assures security. The technology ensures that blocks of records, transactions, or programs are rock-solid secure.

Blockchain can be built into a large number of mobile apps pertaining to several industries such as retail and finance. Blockchain can be put to use for verifying identities of people with regard to using services such as getting drivers’ licenses or opening bank accounts. It could be used for other functions such as developing mobile app for documenting land titles, thus cutting down the costs for titles dramatically.

Blockchain technology fuels mobile app development industry as it does various others

Why is Blockchain Considered the Future-Looking Technology?

Blockchain is in the growing stage; it is yet to be accepted fully by mainstream financial institutions and mainstream consumers. But digital pioneers and innovators are attracted by this novel and emerging concept.

In the mobile app development parlance, blockchain finds to be of immense use in the service of mobile payment function. In the modern world with nearly 5 billion mobile subscribers, only over 1 billion people have the necessary access to bank accounts having payment capabilities. If blockchain mobile payment companies partner with telecom companies, people who have no bank accounts but own mobile phones will be enabled to make secure mobile payments by using mobile apps. Such mobile apps will benefit billions of people across the world by providing unprecedented financial services. This is just one sample of how iOS mobile app developers can make use of the blockchain technology.

Blockchain-based app store could be the future?

How Blockchain Outshines Traditional Services

While traditional services such as renting flats or bank transfers need middlemen for their operation, blockchain operates directly. Here, transactions are being recorded in encrypted form in the network of other users’ digital devices.  They are guarded using sophisticated mathematical formula and records are rendered not changeable, added, or deleted by anybody. This way, it warrants its members’ fairness.

Blockchain technology comes very handy for iOS development companies and mobile app developers. It enables making your application more secure from the customers’ perspective. The distributed nature makes it useful in several ways.  Distributed databases have higher level of availability; distributed apps can run on networked systems while coordinating their actions efficiently through shared memory or by passing messages between the app’s instances.

Helping developing new business process and adding the much needed element of confidentiality into mobile apps, the blockchain technology helps develop not only advanced peer-to-peer payment platforms but also several other fintech apps in various other industries.