Blockchain is the technology that is gaining immense ground and becoming a household name for several industries such as healthcare, finance, real estate, etc. However, the potential of blockchain as a decentralized database is still obscure to many sectors. Apart from making major inroads to different industries, blockchain technology is aiding the steady mobile app development company that is accountable to develop the best solution for their clients. 

With amazing features like peer-to-peer payment architecture and keyless security infrastructure, blockchain is leveraging the mobile app industry in several ways which are eventually resulting in making it possible for developers to build mobile apps that are over the top from a security perspective. In the long run, the major objective of blockchain technology is to overcome some obvious shortcomings in mobile app development and make the clients wear a satisfactory smile on their face with the end result.

In this article, we will be discussing blockchain technology and how it is revolutionizing the mobile app industry with leaps and bounds.

Understanding the Concept of Blockchain and Its Usefulness

Blockchain is the fusion of two words - Block + Chain in which block carries the several databases of users while the chain is referred to as the connected network through peer-to-peer nodes. Basically, blockchain is a simple structure that stores transactional records of users for companies where every transaction is authorized by the digital signature of the owner. 

Blockchain majorly helps in record keeping of the data and the transactions that are anyhow becoming the crucial part of the business. Ever since the on-demand app development has gained momentum, blockchain technology is becoming the nucleus of the app-building process because every other app is facilitating the in-app transactions for which security is crucial. There are many uses of blockchain, however, this ever-growing technology is profoundly being used for -

• Data control and collaboration.
• Supply chain management.
• Amplifying mobile app security.
• Cross-industry data consolidation.
• Managing Electronic Health Records (EHR).

How Blockchain Is Benefitting the Mobile App Industry?

There are so many statistical datas that confirm the popularity of blockchain in different sectors. But the question is how it is suitable for mobile app development and to what extent? With the growing trend of mobile apps and businesses being concerned about adopting a mobile-first approach, the apps that sport transaction interface and payment gateways are proving boon to blockchain technology. Here are some ways blockchain ruling the mobile app market.

• Providing apps a secure environment: Making users feel secure about a platform and the way their transactions are processed is what every app owner should be keeping on their priority list. Integrating the blockchain technology in the mobile app enables users to monitor their transactions and tracks all the related activities. The best thing about blockchain technology is the users can get timely access to all the updates.
• Bringing transparency to users: It is believed that when an organization is transparent with their employees, they tend to be more successful in terms of making users feel valued. That's exactly the case with the usage of blockchain technology in mobile app development. The decentralized system of the technology records all the transactions and reduces the risk of fraudulent transactions in any way eventually making the system tamper-proof.
• Offering high reliability: If you ask any IT professional what makes an app reliable, they will surely conclude their decision on features and usability. With the embracement of blockchain technology in mobile app development, the infrastructure of the mobile app gets robust and reliable. Moreover, the decentralized system of blockchain reduces the chances of the system collapsing automatically gaining the trust of the users on that particular tool or app.
• Protecting mobile app infrastructure: Blockchain is such a technology that enables developers to store distributed DNS entries on a secure platform. With this, the risk of mobile app infrastructure being compromised to the intruder diminishes. On top of all, the blockchain uses Keyless Security Infrastructure (KSI) which stores data in a form of cryptography making it impossible for phishers to hack. 

Wrapping Up!

Blockchain is greatly impacting the mobile app industry and allowing developers to gain unmatched efficiency while transforming the idea into reality. This is a one-of-its-kind groundbreaking technology that is enabling mobile app developers to build secure and transparent apps and assuring reliable guidance throughout the development cycle. One of the major reasons why blockchain is emerging as one of the widespread technologies in the current era is due to its nature of being the most protected technology against cyber-attacks. Anticipatedly, the blockchain will prove to be even more beneficial and efficient for developers as well as end-users in approaching years.