3 Innovative Ways Blockchain Impacts Mobile App Development
To many, blockchain technology is synonymous with cryptocurrency. It’s powered by Bitcoin, Litecoin and many other IPO backed cryptocurrencies that have valuations in the millions. Beyond that, the technology itself is quite remarkable.
Housing a remarkable capacity for unifying complex, encrypted data streams in a secure mesh, blockchain has many attributes that make it ideal for a variety of mobile apps. Here are three big ways you can see the blockchain creating a positive chain for mobile app development in the future.
Blockchain Adds a Complex Digital Ledger System
It’s simple to understand how blockchain development functions when you imagine it as a ledger. In reality, blockchain is just a digital ledger that is powered by an expansive computer network, all sending and parsing data collaboratively. When information is changed, that change is transmitted to the other machines on the network that hold the same ledger, and as such, the values are adjusted.
Mobile technology has a need for this type of systematic approach as well. As it stands, most systems, not just mobile networks, use a client and server side system. The phone and mobile app act as a client, and a central server distributes data upon requests. Mobile networks are stressed heavily millions of users flood the channels trying to get data wirelessly. This can cause some information to be lost. With more advanced storage and data streaming coming with blockchain technology, this could potentially be improved upon.
Transparency Creates a More Secure Environment
With blockchain technology, everything is recorded in such a way that the information is easily tracked by its users. This makes it so that it is impossible to create fake transactions or falsify information. Because of this, users don’t have to trust each other. The system is completely impervious to tampering to benefit one party without equal action from another.
With a record as long as a blockchain ledger, you can see everything involved in the process. Categorization and storage of information can be tracked, verified and secured all at once. As more entries are made, the blockchain expands, and more information can be added. As a system that has complete user authority, it stands a very strong check and balance system.
Safeguard Digital Information that Requires Multiple Users
Encryption is also very complex with blockchain technology. It’s so complex that it makes it impossible for anyone without a decryption key to fool the system. This lends itself to any system that requires giving access to multiple users but also needs verification of information that is adjusted.
For instance, in the legal and financial sector, it’s common to need multiple signatures on a contract or document. Through the blockchain, this information could be edited and accessed all at once by multiple parties without anyone need to communicate with each other. The only verification required would be analyzing the blockchain and seeing the adjustments made.
It’s almost guaranteed that a merger of this technology will become more widespread as blockchain technology matures and mobile development techniques advance. Ease of use and access without additional resources is too tempting an offering to pass up. Cryptocurrency isn’t the only field this technology can improve. It’s only a matter of time.