How Blockchain Technology is Re-defining the App Ecosystem
Though Blockchain is mostly associated with Bitcoin and cryptocurrency transactions, it has
many more uses. The technology offers something that other structures don’t. It allows
distribution of digital information sans any copying or alteration in the information.
In recent times, it has become a crucial tool for mobile developers as well. The best part about
this technology is that it helps maintain an incorruptible digital ledger of economic transactions.
And it can be programmed to record not just financial transactions but for anything and everything of value such as real estate transactions and so on.
Businesses that are into recording or digital data sharing can benefit from integrating blockchain into their mobile apps.
As mobile transactions are gaining momentum for several businesses, blockchain-based mobile apps are becoming increasingly popular.
Common Type of Blockchain-powered Apps that Mobile App Developers can focus upon
● A cryptocurrency app will help asset traders and miners have total control over their digital
assets and can be used for all kinds of cryptocurrency payment and transactions.
● An electronic wallet app can store digital assets and money that help you to spend on
transactions that involve blockchain technology.
● A digital asset tracker app offers updated information on rates, cryptocurrency trades,
market dynamics, and a portfolio of various cryptocurrencies.
● A retail app enables customers to pay via bitcoin or other cryptocurrencies.
However, leveraging the technology can be a challenge as it’s not easy to add blockchain technology in mobile app development and also making it secure is not that easy a task. Skilled mobile app developers who are well-versed in blockchain app development are not easy to find. Thus it’s crucial to set up the right standards and also use the right tools for attracting more developers to the field.
Should start-ups use Blockchain technology in their mobile apps?
The blockchain technology is majorly integrated into mobile apps to make mobile payments safe. So, if you are using blockchain in mobile apps, phone users will start trusting mobile banking by leveraging more and more secure mobile apps.
With secure mobile apps in the picture, mobile payments can be made by people who may have no bank accounts but have mobile phones.
Also, there are blockchain-powered mobile apps that document land rights and land titles.
These apps bring down the cost for titles and are popular in the development world, especially in Africa. For instance, the ShelterZoom app leverages blockchain to streamline the way real estate offers are made.
Even companies like IBM are taking advantage of blockchain for networking and identification capabilities. The technology aids in identifying people when they are availing services like getting a driving license made or opening a new bank account. This will help people leverage blockchain-powered app network and verify their identity using blockchain.
Top Tips to create Blockchain-powered iOS and Android apps
Given that blockchain technology is playing a significant role in the creation of various iOS and Android apps, here are some tips to help developers create iOS and Android apps leveraging blockchain development.
Think of the Interface
While targeting the interface, you need to ask yourself specific questions such as: Is the front-end programming language in working order? Whether the blockchain application that helps operate the language included? Has the developer thought of an external database?
Study Architecture
If a blockchain app is being created on an iPhone or Android device, developers need to study the design architecture carefully to avoid errors. When you don’t, you’ll need to spend extra time on the process later.
Zero down the right platform
Different blockchain platforms include Ethereum, Quorum and more. Developers are free to choose the ideal platform that is in keeping with their needs and desires.
Nail down App Objectives
Ask questions such as: What are you trying to accomplish by creating this app? How will blockchain technology help? Have I considered all the do’s and don’ts of blockchain app? Will the blockchain app address the issue adequately?
Wrap up
In the forthcoming years, blockchain will be part of several mobile app development projects, be it retail, finance, supply chain, and more. This will ensure highly secure mobile payments and other transactions for different industries. It’s also being said that in the future blockchain-based app store might replace Google’s Play Store and Apple’s App store as the primary source for download and purchase of apps.
However, businesses, before they start integrating blockchain into their mobile apps, should first start reading up more and more on this technology from various online resources to learn more about this technology inside-out and to ensure seamless integration of this technology into their apps.
