How can blockchain be used in the development of mobile apps?

 

The use of blockchain technology is having an impact on numerous industries and is growing in popularity. Industry sectors affected by this technology already include healthcare, finance, real estate, and education.
No wonder, given that the market is anticipated to grow to $20 billion globally by 2024.

It appears that the blockchain is now gaining traction in the industry of top mobile app development agencies. Mobile app and software developers are utilising it to address several flaws because of its decentralised architecture.
Blockchain enables a secure and transparent payment process, eliminating the need for a middleman, and supports digital currencies like Litecoin, Ethereum, and Bitcoin.
Additionally, it permits you to maintain a transparent and unchangeable record of digital transactional information and guarantees that there hasn’t been any data manipulation.
Let’s look at how blockchain is helping mobile app developers to better understand how it is disrupting the market for mobile apps.

Increased data security is provided by blockchain.

Security is a major concern for both users and developers of smartphone app development agencies.

People tend to avoid using apps because they worry about privacy invasions due to the massive number of data breaches that occur globally.
Blockchain-based app development can increase data privacy, making the apps more secure. Since every piece of data is encoded and saved with a cryptographic hash, its encryption method is regarded as impenetrable.
Furthermore, there is less chance of chaos being caused by third-party apps due to its decentralised architecture.
Every transaction on the blockchain has a timestamp attached to it. It makes redefining operations and manipulating data nearly impossible.
Both end users and developers of mobile applications benefit greatly from it.

Transparency is provided by blockchain.

Every transaction is recorded in the public ledger by the decentralised system, allowing anyone to follow them whenever they want. Transparency is increased, and the likelihood of fraudulent transactions or false information is decreased.
As a result, the entire system is impenetrable. Additionally, because the solution is scalable, you can quickly scale the number of end users if you are using blockchain to develop mobile apps.
Additionally, Blockchain ensures the security of mobile apps even when adding new features.

Blockchain provides high dependability.

A mobile application’s reliability can be increased thanks to blockchain, which has a solid infrastructure.
Globally dispersed and in-synch with one another are blockchain nodes. As a result, it ensures that the same copy of the data is replicated across a variety of devices that are present in various settings.
The system is less likely to crash or collapse because of its decentralised structure. What else? Each block’s data is processed multiple times, making it more dependable.

Implementing blockchain is simple.

While creating a new blockchain is undoubtedly challenging, doing so is relatively simple.
Complex technology requires more time and effort to implement and integrate, which raises the cost of developing apps and their maintenance costs.
Blockchain, however, solves the issue because it’s easy to create mobile-based blockchain applications. It allows you to provide your customers with a mobile app that is packed with features while saving time and ensuring cost effectiveness for mobile app developers.

Developers have simple access to blockchain resources and procedures. Furthermore, since this technology is open-sourced, you are free to suggest changes that might enhance the way blockchain implementation is done.
It is even capable of permanently storing data that can be retrieved from anywhere at any time and cannot be changed. Therefore, financial institutions and shipping and logistics firms can greatly benefit from mobile apps created with blockchain technology.

In-app purchase problems will be resolved by blockchain.
Making in-app purchases has always been difficult due to the procedure. Nearly everyone has a smartphone today, but many users are still unable to make in-app purchases. And the method itself is the problem. Users are required to pay with credit cards or through other unavailable payment options.
Along with the gateway fees, app store fees, card processing fees, and bank transfer fees, users who use credit cards still worry about their personal information being compromised when it is shared.
With the current procedure, the developers only get a tiny portion of the money spent purchasing the app.
App coins can be used to pay the app store when using the decentralised blockchain model, though. And the developer may keep more than 80% of the profits.
The use of app coins as a form of payment rather than credit cards will greatly simplify in-app purchases for users thanks to blockchain technology. Additionally, since app developers offer rewards for both initial purchases and continued use, users can earn app coins through a reward system.

The advertising model will evolve thanks to blockchain

 

In the current situation, developers spend money on cost-per-installment advertising campaigns to reach more people. However, there are numerous middlemen who syphon off a portion of sales revenue. The developer’s profit is decreased as a result.
This model can be changed to a cost-per-attention model using blockchain, where users are compensated with app coins for the time they spend using the app. There won’t be a need for middlemen, and users will receive coins for their efforts that can be spent on in-app purchases.

Wrapping-Up
Blockchain technology is constantly developing and will address problems with smartphone app development agencies can provide better customer service.
This technology will primarily be used for downloading, purchasing, and searching and is predicted to be able to replace Google Play and Apple’s App Store.
You should combine app development with blockchain given all the advantages so you can offer better customer service.
Blockchain can give businesses the responsibility, customer trust, and digital transparency they need. It will enable you to keep a step ahead of your rivals.
The promise that blockchain holds as a decentralised database is understood by everyone, from independent developers to leading mobile app development companies. Blockchain-based applications will continue to become more and more popular as mobile transactions pick up speed in the coming years.