How Mobile App Development Industry Is Getting Benefits Of Blockchain Technology?

  • By Monika Kushwaha
  • 22-08-2019
  • Blockchain
blockchain technology
From the last few years, several technologies have been introduced, but the impact of Blockchain is the most promising one. In the initial stages when it was launched, it was specific to the financial industry as it was a sort of cryptocurrency that later moved to different domains. The technology has made a huge impact on businesses based on data exchange and financial transactions. The important standards like transparency, integrity, decentralization and data protection have become possible for the startups and big corporates all because of this innovative technology.
 
The mobile app industry has observed numerous changes with the introduction of Artificial intelligence, IoT, Big Data, and Voice Search. These innovative advances have made a lot of contribution to the mobile industry. With the growth of online transactions, billing, business operations through mobile devices, several industries integrating blockchain technology for executing their processes. Blockchain development is making a serious impact on mobile solutions. This technology is helping various industries like healthcare, banking and mobile app developments to achieve their business objectives.
 
Blockchain-Based Application Benefits

1. The rise in Digital Wallets
With the rise in cryptocurrency digital wallets have gained huge popularity. People love paying money using the digital wallet as it is simple to do with a single tap and it is getting popular at a rapid pace. Not just because of being smooth to perform, it is preferred by people because of its safe and reliable payment interface. All this is possible because of blockchain technology.
 
2. Digital Identity
Industries prefer blockchain because with this technology the customers have unique identities. Blockchain-based digital identity is reliable and secure to build. It is an important part of personal identification in business enterprises where data security is important like banks, government offices, and hospitals. Several industries like education, banks, and insurance are building digital identification apps by hiring a mobile app development company in India.
 
3. Handle In-app Purchases Issues
Most of the people nowadays use a mobile phone, but plenty of them skip in-app purchases because important payment techniques are missing. In addition, there are several factors that stop people from buying like app store fee, gateway fee, bank transfer fee and card processing fee. These fees make a big part of the purchases. To ease the in-app purchases blockchain facilitates users with app coins. This helps developers to earn better and get good profit. Users will also find it easy to make payment with app coins. This also eliminates the necessity of including all processes related to credit card payment.
 
4. Simple App Approval
The most popular app stores, that operate are Google’s Play Store and Apple’s App Store. Any app before the sale gets approval from these respective stores. Many developers from android app development agency and brands found this process unfair on multiple occasions and it is considered annoying too. But with the introduction of the blockchain model, the app approval has become simple, as it is passed through a transparent developer model. This makes the whole app approval method completely fair as well as transparent.
 
5. Global Reach
Brands try to reach people of under-developed countries, where they have smartphones, but not have proper access to financial institutions like bank accounts, credit system and the list goes on. But with the integration of Blockchain, users would be able to implement an online mobile wallet. They can simply store tokens or coins to use for the later stages. People staying in remote locations can easily perform online transactions including E-Commerce shopping, paying bills and money transfer without paying any additional charges regarding bank services.
 
Conclusion:
Integration of blockchain into mobile apps is a perfect combination to boost app productivity and uplift efficiency. Setting up smooth interactions on every stage of the app development using blockchain will become quite common in the future. The best output a business can get with a mobile app is by simply integrating blockchain technology with it, to accomplish this job simply hire mobile app developer India for best results. Discuss your business needs with them and get the actual business results. Getting services from experts like blockchain technology integration within the app is always beneficial.

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Author

Monika Kushwaha

Monika Kushwaha is an experienced Mobile app developer working with a leading Mobile Application Development Company known for its timely services and client support. She love writing technical blogs on innovative & trending technologies. She is very passionate about Web Development, and strive to better herself as a developer, and the development community as a whole.

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