The Futuristic Influence Of Blockchain In The Mobile App Development Industry

Blockchain

22
Oct 2018

2504 Views 5 Minute Read

In recent times, several companies drawn from virtually all industries have been showing great interest in the technology behind Bitcoin – Blockchain. At the moment, there seems to be a kind of general belief that the technology will help to create new business opportunities and also bring about an improved efficiency in numerous processes. This has not only captured the interest of modern enterprises but has also got them hurrying toward its adoption.

As it stands, there is soon going to be another form of industrial revolution in the coming years. Ranging from government to finance to healthcare, the disruptive technology impact of blockchain is surely going to be felt across every industry. Obviously, everyone is eager to gain an experience of the use of blockchain technology by trying to understand how its application will improve their business processes. It is clear that no one (both startups and established businesses) wants to miss out from the glowing blockchain future.

Now that virtually every organization and more industries seem to be automatically taken aback by the blockchain technology, let’s try to focus more attention on its futuristic impact in the mobile app development industry. Basically, the real question now is – of what good will the adoption of this technology do to those operating in the mobile application ecosystem.

Blockchain and app development

Like in the early days of the Internet, not many people saw potential in the web until they began to feel its impact right within the environment they were in. Many experts are of the opinion that the scope and magnitude of the blockchain technology will be similar to that of the web which will largely be attributed to its subsequent adoption and integration into mobile application development. But firstly, it is important to understand what blockchain is all about, before going ahead to learn how it will impact mobile app development.

Understanding blockchain technology

Many people really don’t understand what blockchain is all about and the extent to which it can help to transform (revamp) various processes. Just so you know, this tech has got more capabilities to show than being just a distributed ledger or a cryptocurrency backbone. Depending on the current situation on ground, there are various ways blockchain can be of a meaningful use to businesses around the world.

No doubt, there are lots of benefits, potentials, and possibilities with this disruptive technology. Many businesspeople are beginning to have open minds as to how the blockchain will improve their businesses while several institutions around the globe have commenced teachings on the scope of its adoption. No doubt there are lots and lots of possibilities with the use of blockchain in the modern world. One of the primary reasons for its adoption by several companies is simply for improving and lowering the cost of a particular process.

But when it comes to mobile app development, there seems to be a bigger promise for app developers and development agencies. Currently, it is good to know that virtually every app developer is looking to adopt the blockchain technology as a dynamic platform for innovation. Basically, most mobile app development companies are more interested in innovating new processes to boost development without being restricted by some existing regulations or legacy systems.

Already, many of these agencies have begun implementing technology to improve various processes for large corporate organizations and, as well as, develop new business models for some startups. One common thing about adopting blockchain for mobile app development is that it tends to expose the industry to various processes aimed at improving efficiency in other industries. This is mainly because they are not restricted to a particular niche.

So, whether a mobile application development company chooses to adopt the technology to validate transactions that won’t require middlemen or a business enterprise seeking to establish an exchange network designed for the transfer of value among peers or an organization adopting a more technical approach to using blockchain as a backend database with a distributed ledger, the use of blockchain tech can always make this possible through an efficient mobile app development standpoint.

The impact of blockchain technology in mobile app development

While the mobile world is still in its early stages of blockchain adoption, there are, however, various ways by which its integration into the development process can help to improve efficiency and boost productivity in various sectors. One way by which today’s app developers can make this happen is by establishing and authenticating peer-to-peer interactions on the blockchain. Currently, there are several applications that are now operating on the infamous Bitcoin blockchain.

With this technology, developers are creating highly efficient eCommerce applications that would enable buyers and sellers to trade online with customers from around the world without the need for any regulations from any institutions posing as middlemen to impose fees and other rules. Basically, these professionals are using this medium to bring about a new level of empowerment and freedom for their every user. Anyone can leverage upon this openness to improve processes for purchase and sales with others without the intrusion of a regulatory body to control or censor the transaction process.

Now, this also implies that anyone, including the average consumer, will have full control over their identity without sharing ownership with big corporate organizations like Google and Facebook. Simply put, every consumer will be free to operate in whatever way they choose to – private, public or anonymous. It is obvious that with the introduction of this new technology there is going to be an improvement on the existing development the internet has managed to establish through the web.

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