HOW BLOCKCHAIN IS REVOLUTIONIZING THE MOBILE APP DEVELOPMENT INDUSTRY?

Abhi Garg
mobile app

Introduction

The blockchain is an underlying game-changing technology that is making waves across the world due to its immutability, automation, decentralization, and smart contract characteristics. Blockchain provides some amazing benefits to various industries such as insurance, healthcare, banking, finance, and real estate and now the world of mobile apps will be able to take advantage of blockchain to correct some flaws which have become obvious in recent years. Though, there are still miles to go as many new industries are discovering its potential.

Looking at the promising future of the Blockchain, the mobile app developers are driving the mobile apps with blockchain to explore the boundless opportunities and improve the applications ceaselessly. However, for defining the utility of blockchain for the application development industry, there are a few mobile apps based on the bitcoin technology or with similar functionality.

Let us take a look at how blockchain technology is impacting the mobile app development service:

  • MORE TRANSPARENT AND SECURE ENVIRONMENT- Though information is wholly available on the internet for anyone who might want to know more about their favourite apps and developers, blockchain technology in app development allows the client-side coders to go a step further. Introducing Blockchain into a mobile app would let the transaction activity get tracked in such a way that it makes it easy for the users to follow the information and reduce the possibility of creating fake transactions. With a record in blockchain ledger, users get easy and quick access to development logs, update notes and the entirety of the app’s code whenever they feel the need. Categorization and information storage are also tracked, verified, and secured through blockchain.

  • SAFEGUARD DIGITAL INFORMATION WITH MULTIPLE USER ACCESS- when it comes to the overall security measures, blockchain technology allows for encryption which can hardly be comprehended or cracked without the explicit permission given by the client-side administrator.  This signifies that your mobile app will never be hacked, modified or otherwise tampered with without your permission. It also means that personal information provided by you will never face the risk of being leaked or going into the wrong hands.

  • HIGH RETURN ON INVESTMENT(RoI)- As the blockchain technology is still fairly novel and industries are developing new ways to implement it into their systems, the RoI remains reasonably high. You don’t need to spend high sums of money on the blockchain implementation compared to other development methods or cloud platforms. Ideally, the limit to which you can develop and intertwine blockchain with your mobile app development remain solely in the hands of your team.

  • PENETRATE REMOTE AREAS- there are many underdeveloped areas of the world where people may have smartphones but they lack access to bank accounts. Blockchain technology will make that a point at issue for any user with access to the internet will have the capability of establishing an online mobile wallet where coins and tokens can be stored until needed. This will allow individuals living in backwoods to participate in transactions, obtaining loans and transferring money without being charged unreasonable service fees by banks and other financial organizations.

  • DATA SYSTEMATIZATION- the robust and resilient structure of blockchain technology protect the system against potential errors, bug fixes, crash or any collapse. The reason for this stems from the ability of blockchain of storing data in multiple blocks which also helps in making blockchain technology reliable. Blockchain can be used in various ways in terms of further app refinement. The more your code expands over time, the harder it will be to track and iterate on, which is why blockchain becomes a necessity rather than a choice.

  • IMPROVED ADVERTISING MODEL- blockchain will give a new and improved form to the advertising model used by developers. At present, developers are constrained to invest in cost-per-instalment advertising campaigns in order to reach the maximum number of audience.  This advertising scheme includes a number of middlemen but now the cost-per-strategy is ready to replace the cost-per-instalment. Cost-per-strategy does not include any middlemen which mean the users will be rewarded with coins which can be utilized to make in-app purchases efficiently.

The reasons blockchain is revolutionizing the mobile app development industry are similar to the reasons it has heavily impacted so many other industries already. It is far better protected against cyber attack. In the coming years, blockchain will transform countless mobile apps and will definitely increase more secure mobile options for all the sectors. This is the high time to realize the truth that blockchain is the single solution for the purpose of the mobile app development project.

Frequently Asked Questions

Providing tailored solutions based on a wide range of blockchain platforms allows us to meet the unique needs of your project. We specialize in Ethereum, a leading smart contract platform, leveraging Solidity for DApp and smart contract development. Our expertise extends to Ethereum-compatible networks such as Binance Smart Chain, facilitating seamless migration. Hyperledger Fabric, a permissioned blockchain framework, and Go and Node.js are used for enterprise-grade solutions.

Smart contracts are self-executing contracts with code that automates predefined actions when certain conditions are met. With our expertise in decentralized applications (DApps), we can create applications that operate on blockchain networks, offering enhanced security and transparency. Providing a controlled and secure environment for your business operations, we deploy private blockchain networks. In addition, we offer token development, blockchain consulting, and custom consensus mechanisms to meet your specific needs. Our technical proficiency and comprehensive blockchain solutions are poised to meet your unique objectives, whether you want to streamline supply chain operations, enhance data security, or explore the possibilities of blockchain-based applications.

Yes, We specialize in providing tailored blockchain development services tailored to the unique and intricate requirements of your project. Expert blockchain developers create custom solutions that encompass smart contract development, consensus algorithms, and decentralized applications (DApps). Our meticulous alignment of blockchain technology with your specific needs ensures the creation of a bespoke solution that maximizes functionality, security, and scalability. Our team has the expertise to deliver precisely tailored blockchain solutions to meet your technical and business needs, whether you require a private blockchain network, a complex DApp, or the implementation of a custom consensus mechanism.

Blockchain services offer transformative solutions with applicability across various industries. Sectors such as finance benefit from enhanced security and streamlined transactions, while supply chain management gains from traceability and accountability. Healthcare leverages data security, and real estate benefits from transparent transactions. Additionally, logistics, government, energy, and entertainment industries can optimize processes, reduce costs, and improve trust and efficiency through blockchain services, making the technology versatile and impactful across a broad spectrum of fields.

The blockchain services industry encompasses solutions and expertise aimed at leveraging the power of blockchain technology. A blockchain is a distributed ledger that offers transparency, security, and decentralization. With blockchain services, businesses can leverage this technology, resulting in several key benefits:

  • Data Security: Blockchain’s cryptographic techniques and decentralized structure enhance data security.
  • Transparency and Trust: A public ledger promotes transparency by recording transactions and data. A transparent company builds trust among users, partners, and customers, which is particularly useful in trust-sensitive industries.
  • Efficiency and Cost Savings: The blockchain eliminates intermediaries, reducing costs and speeding up processes.
  • Decentralized Applications (DApps): Blockchain services can enhance privacy and control over data in decentralized applications. User engagement can be driven by these DApps.
  • Efficient Supply Chain Management: Traceability and accountability are enhanced with blockchain in supply chain management. Fraud and errors can be reduced by tracking products.
  • Scalability: Blockchain services are designed to scale with your business, ensuring that your system can handle growing transaction loads as your project expands.

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Article written by

Navdeep Garg

I'm founder and CEO of Revinfotech Inc. I traits in leadership and brilliant practitioner in the Financial Services and FinTech. I helped ban in connecting to the FinTech ecosystem through payment acceptance in blockchain as a service and even help in other sector medical, legal, marketing and Business management. I have additional perspectives, leading product development and strategy efforts from within business and technology solutions. I have hands on experience in bootstrapping and successfully reaching on heights of business starting as startup. During last 15 years, I had witnessed and mastered all phases of business venture life cycle including conceptualization, leadership, resource management, business development and expansion. With an experience which includes managing, producing and overseeing digital applications.

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