{"id":4824,"date":"2018-10-20T08:17:57","date_gmt":"2018-10-20T02:47:57","guid":{"rendered":"https:\/\/golocalclassified.com\/article\/?p=4824"},"modified":"2018-10-20T08:17:57","modified_gmt":"2018-10-20T02:47:57","slug":"blockchain-technology-impacts-mobile-app-development-with-better-security","status":"publish","type":"post","link":"https:\/\/golocalclassified.com\/article\/blockchain-technology-impacts-mobile-app-development-with-better-security\/","title":{"rendered":"Blockchain Technology Impacts Mobile App Development with Better Security"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Blockchain emerged into the limelight a decade ago but, the investment on cryptocurrencies in millions popularized this technology. \u00a0From being a decentralized and secure, digital alternative to banking transactions to becoming the open repository on accessible networks <strong>blockchain technology<\/strong> is shaping new hopes across industries. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the <strong>mobile application development<\/strong> space, developers have vested attention on boosting security and minimizing risks by unlocking the benefits of blockchain technology. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you are still wondering how this supposedly, \u2018next internet\u2019 technology will disrupt the burgeoning smartphone app development arena, below are some important industry research-based insights:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><i><span style=\"font-weight: 400;\">Growth of mobile economy warrants collaboration of cutting-edge technologies like blockchain! <\/span><\/i><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Excerpts from the recent <\/span><a href=\"https:\/\/www.gsma.com\/mobileeconomy\/\"><span style=\"font-weight: 400;\">GSMA mobile economy report<\/span><\/a><span style=\"font-weight: 400;\"> 2018 reveals that over five billion people were connected to mobile services in 2017. The number of unique mobile subscribers is likely to surpass 5.9 billion, representing 71 percent of the world\u2019s total population by 2025. \u00a0The surging rate of mobile internet usage is one of the key metrics used in the research to measure the probabilities of further development to cast a wider digital web to deliver services and content. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">In 2018, the growth of mobile development app market demonstrates the urgency for technological innovation and integrations to boost transparency and security of information, payment transactions, IP data and intellectual property. As per Statista reports, within the first quarter of 2018 Android app stores housed over 3.8 million apps and Apple\u2019s iStore had over 2 million apps. With the sprawling growth of mobile apps, users of B2C and enterprise mobile apps saw a need for endpoint security solutions to ward off the impending risks of data thefts, malware downloads and illegal disclosure of personally identifiable information of users.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">These risks gravely impact the performance and earnings of mobile app development companies. But with blockchain technology, these challenges can be addressed by leveraging its secure and distributed, peer-to-peer network feature that hosts a ledger of information. <\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><i><span style=\"font-weight: 400;\">The global blockchain technology market is expected to cross two billion USD by 2022 in revenue with 51 percent as its annual CAGR between 2016 and 2022.<\/span><\/i><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\"> \u00a0Findings from market research reports suggest a rising demand of <\/span><a href=\"https:\/\/www.smartsight.in\/\"><span style=\"font-weight: 400;\">blockchain technology<\/span><\/a><span style=\"font-weight: 400;\"> in commercial applications. Players across industries and technology ecosystems are investing in the research and development of blockchain technology. In mobile app development arena, many companies are already using blockchain technology to simplify payments, money transfers, management of customer data and transaction records, app approvals, in-app advertisements, etc.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For a better understanding on the practical use-cases of blockchain technology below are some of the probable ways it impacts mobile app development:<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\"><b>Better Mobile App Security<\/b><span style=\"font-weight: 400;\">: Mobile app data can be made more secure with blockchain technology by housing information on publicly accessible decentralized network. This prevents data from being manipulated or changed without grabbing the attention of peers in the network. Also, blockchain helps mobile app owners to have better control over the domain by moving DNS entries in decentralized networks. This way, data on mobile apps can be secured without the risk of interference by any third-party or governments. <\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Serverless Storage Enhances Identity Protection<\/b><span style=\"font-weight: 400;\">: In blockchain technology, the data is stored in blocks and not on the server and the users are given private key encryption. This prevents hacking into the apps, identity thefts and misuse of users\u2019 data. <\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Password-free Sign-ins<\/b><span style=\"font-weight: 400;\">: \u00a0Blockchain technology addresses the fear of the device infiltration and unauthorized access to apps even without the need for passwords for authenticating transactions or actions on devices and in-apps. The payments or any form of transactions are validated through SSL certificate and the secured blockchain network records and reviews all actions thereby eliminating the odds of risks. <\/span><\/li>\n<li style=\"font-weight: 400;\"><b>E-Wallet Payments<\/b><span style=\"font-weight: 400;\">: Blockchain technology can be applied in the development of e-wallet or e-payments apps as it maintains and provides a transparent view of the transactions made with digital money without central authority to approve it. \u00a0E-wallets and payment applications represent nearly <\/span><span style=\"font-weight: 400;\">50 percent of the overall blockchain technology market<\/span><span style=\"font-weight: 400;\">. The transparency, speed and cost-efficiency are primary factors driving the growth of this blockchain technology-based payment systems market. \u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Eliminate Middlemen with Smart Contracts<\/b><span style=\"font-weight: 400;\">: Smart contracts are contacts converted into codes and stored in the systems. These codes will constantly be monitored in the open network in blockchain technology. \u00a0This helps eliminate middlemen and regulators like banks and governments to transfer or receive payments for products or services. Smart contracts can help enforce rules, regulations and penalties without the need for lawyers or authorities to validate or enforce a contract. <\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">Smart contracts are one of the popular applications of blockchain technology which is expected to grow at a CAGR of 80 percent between 2018 and 2024, according to a <\/span><a href=\"https:\/\/www.gminsights.com\/industry-analysis\/blockchain-technology-market?utm_source=golocalclassified.com\"><span style=\"font-weight: 400;\">research<\/span><\/a><span style=\"font-weight: 400;\"> data. \u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Blockchain is slated to transform the smartphone app development industry by creating a trustworthy and publicly accessible platform to foster communication and actions on mobile apps between businesses and their customers. \u00a0Although it is in a nascent stage, blockchain in the <strong>mobile app development<\/strong> segment will grow in prominence owing to the advantages and conveniences it offers that are hard for businesses to resist.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Blockchain emerged into the limelight a decade ago but, the investment on cryptocurrencies in millions popularized this technology. \u00a0From being a decentralized and secure, digital alternative to banking transactions to becoming the open repository on accessible networks blockchain technology is shaping new hopes across industries. In the mobile application development space, developers have vested attention [&hellip;]<\/p>\n","protected":false},"author":1836,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[567,2151],"class_list":["post-4824","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-mobile-application-development","tag-smartphone-application-development"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/golocalclassified.com\/article\/wp-json\/wp\/v2\/posts\/4824","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/golocalclassified.com\/article\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/golocalclassified.com\/article\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/golocalclassified.com\/article\/wp-json\/wp\/v2\/users\/1836"}],"replies":[{"embeddable":true,"href":"https:\/\/golocalclassified.com\/article\/wp-json\/wp\/v2\/comments?post=4824"}],"version-history":[{"count":0,"href":"https:\/\/golocalclassified.com\/article\/wp-json\/wp\/v2\/posts\/4824\/revisions"}],"wp:attachment":[{"href":"https:\/\/golocalclassified.com\/article\/wp-json\/wp\/v2\/media?parent=4824"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/golocalclassified.com\/article\/wp-json\/wp\/v2\/categories?post=4824"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/golocalclassified.com\/article\/wp-json\/wp\/v2\/tags?post=4824"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}