Blockchain Technology Revolutionize Mobile App Development 2019

Although Blockchain technology is mostly associated with cryptographic currencies but there are important indications of it becoming an important tool for the mobile developers as well in 2019. It has already made major inroads into the industries such as education, healthcare, real estate, banking and financial services and the legal field, and it will soon be having a major impact on the entire economy around mobile apps as well. Blockchain has a decentralized architecture which provides some great benefits that almost all industries can take advantage of, and the world of mobile apps too will be able to take advantage of these. Mobile app economy has seen relentless growth in recent years and it is expected to touch about $6.3 trillion by the year 2021 with millions of apps available currently in the App Stores and millions more being developed all the time. But there are also some challenges which need to be handled to continue experiencing this kind of amazing momentum in the market in coming years.

Let’s first look at the definition of Blockchain technology as it is becoming an important tool in the mobile app development in this year.

“The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but everything else of value. With such a huge potential, blockchain will also be highly used for mobile development.”

You can understand this definition by this statement.

“Any organization or business which requires recording and/or sharing of digital data through their app can benefit from implementing blockchain in their mobile apps. As mobile transactions are getting momentum for many businesses, blockchain based mobile apps will get more popular.”

Let’s now first look at the common types of blockchain based apps other than of course the cryptocurrency related ones which are more popular right now:-

• A mobile app for exchanging cryptocurrencies can really make the work easier for asset traders and miners. Similar to stock market apps, these cryptocurrency apps will allow you to have a total control over your digital assets and to trade with them. Do remember that cryptocurrencies which are powered by blockchain can be used for all kinds of payments and transactions through these kinds of apps.
• Digital Wallet apps which can store your digital assets and money and enable you to spend on transactions involving blockchain technology.
• Some apps can also be like digital asset tracker and can provide you updated information about the rates, market dynamics, cryptocurrency trades and a portfolio of various cryptocurrencies.
• Some of the retail apps which allows its customers to pay through bitcoin or other cryptocurrencies are type of blockchain based apps.
• Also the smart contract or self-executable protocols which respond automatically to some prefixed triggers are types of blockchain apps which can be used in mobile apps as well for automation.

Experts including Mobile Application Developer say, Blockchain is most popular right now. While many are adopting it for many scenarios, it is also right for mobile app development. It is often regarded for its security because blockchain cannot be corrupted and it is very transparent. These qualities bring forward both opportunity as well as challenges.

There are so many use cases to explore when we talk about the applications of blockchain technology. Using blockchain, the identities of people can be verified when they use services like getting a PAN card or while opening a new bank account. This will enable people to use a mobile app network and verify their identity using blockchain. But it is still not so easy to incorporate blockchain technology in the mobile app development project as it is harder to make them secure. Skilled mobile app developers who are expert in blockchain app development are not many in the market. Therefore, it is important to set up the right standards and use the right tools for encouraging more developers to enter into this field.

Let’s now discuss some of the tips for developing effective mobile apps with blockchain:-

• Before the Mobile App Creator starts building an app based on blockchain, the purpose and usefulness of blockchain for that particular business should be analyzed. Otherwise it is best suited for apps that demand trust, accountability and transparency in their network.
• There is a lot of open source code available for Blockchain which should be utilized. For example:- MultiChain, OpenChain, Eris, Stellar, BigChainDB, HydraChain and more.
• App developers should remain updated and stay relevant to this technology.
• App developers should constantly upgrade their skills as new technologies are evolving. Hence they should learn and train themselves and be active on various communities and Blockchain forums online.

Effective Tips given by DevOps.com for creating Blockchain based iOS and Android Apps:-

• Focus on the User Interface: Developers should focus on the user interface in the app which includes answering questions like: - Is front-end programming language operational? Has the app developer considered the important of an external database? Is the blockchain application that is necessary for operating this language included? Is the right application control being included during the development process?
• Check the importance of Architecture: If a blockchain based app is being created for an iPhone or Android device, then the developers must check the design architecture so that they can avoid common mistakes. It has been seen that sometimes many important aspects are not considered and they often involve additional processes that can add extra time to the process.
• Developers Should Ensure Proper platform utilization: There are choices like Etherum, Quorum and more. As now more platforms are openly sourced hence this makes work much easier. App developers have the chance to select the platform which best fits with all of their desires and requirements.
• Understand the Importance of Consensus Mechanisms: Without use of decentralization and a proper consensus mechanism in place, many of the common problems and issues which arise are not easily resolved. The system used to connect and provide a link requires a consensus. Without having a consensus mechanism, the system’s ability to carry out all of the required tasks is not utilized fully.
• Find Out Objectives: This process involves answering questions like: - What are the Objectives they are trying to reach by creating this kind of app? What is the role of blockchain technology in this? Are all the important blockchain development principles are followed properly? Is the issue that is going to be solved is perfectly clear to the developers?

Whatever path the organizations choose toward progressing their 2019 mobile app development initiatives with blockchain technology, the market is going to become more and more interesting in this year and in coming time. Research report says that worldwide blockchain spending will grow to $9.7 billion in 2021 with a 5 year CAGR of whopping 81.2 %.

Let’s now discuss some of the top benefits of using blockchain technology in mobile application development:-

So many mobile developers now prefer using blockchain technology for developing their mobile applications. This technology was mainly designed for bitcoin and cryptocurrency which were mainly used as ledger. The real benefit of using blockchain technology can be realized to any app that can access huge records. Let’s discuss some of the benefits of blockchain in mobile app development:-

• To Get Maximum Security in Your Mobile Application: Using blockchain technology, you can make your mobile application highly secure and free from threats. This technology is designed with a high level of data encryption. Therefore it is almost impossible to decrypt such a system. The overall security level of blockchain was contributed by the use of interblocked blocks. These blocks are interconnected and therefore it is not easy for hackers to invade through such a secure system.
• Blockchain Technology is very Reliable: Blockchain technology was developed in such a way that the it offers high level of reliability and stability in the mobile apps. Their system is well designed and the chances of failure are almost zero. The mobile application which uses such technology is very reliable since blockchain technology was designed with blocks which are made up of data, packed in various situations. This technique of storing blocks in multiple locations makes the blockchain technology more reliable. Even the blockchain servers make data highly reliable. This reliability and high level of security in the blockchain make this technology to be widely used in various kinds of mobile applications.
• Blockchain Technology is simple to Use: There is no doubt that blockchain technology is most reliable still it is one of the most simple to use for mobile applications as compared to other similar technologies. Blockchain technology is user-friendly and it is easy for the users to design, conserve, apply and incorporate into their mobile applications. Also it is cost effective to use the blockchain technology as compared to other similar softwares which are quite expensive.
• Blockchain is Continuously Developing and Evolving: Blockchain technology is growing and evolving at a rapid rate. Hence choosing blockchain for future would be the best decision for so many organizations and this technology will get maximum number of software updates and more improved services for your mobile applications. The process and tools which were used to design blockchain technology are easily available and the users can quickly gain access to these. This technology also allows its users to make suggestions which may lead to the future success of the company. In today’s digital world so many technologies are keep on emerging hence it will be better for you if you keep yourself updated with the latest blockchain technology.

Conclusion

In concluding remark, we can say that there are immense benefits of using the blockchain technology in mobile application development. Its benefits far outshine its shortcomings if there are any and therefore to make your apps more secure, reliable, future ready and useful you should use blockchain technology in your mobile apps. Hence it is important for you now to take your time and learn more and more about this blockchain technology so that you can take the right decisions as the right times and are not left behind in the world of technology. You can also contact and hire some specialized and expert mobile app development company which has experience in implementing and developing blockchain based mobile application solutions to build your mobile app based on blockchain technology.