Back then, when the Internet was introduced, there were not many companies that understood what it meant until the web came to clarify things by adopting the technology and using it to share, move, publish and visualize content. With this improvement, everyone began to see great potentials and possibilities on the Internet. Nowadays, many business people are using the internet to improve various economic processes through communication, electronic commerce, social networks and in many other ways.
However, there seems to be a pending revolution in the modern technological landscape, especially with the arrival of the block chain. Now, it is as if the new technology has improved the innovations already established on the Internet. But while it has been developed to be on par with the web, you may be interested to know that it does not really require the development of the World Wide Web. It is based on these principles that developers seek to integrate technology with the development of mobile applications. But what benefit will this bring to the industry?
Improved application development with blockchain integration
Now, the world is experiencing some unusual transformations in the way and the way different processes are performed, thanks to the vast contributions of mobile application development. Virtually everyone owns a smart phone or other smart devices is moving from the satisfying mobile moments. In an attempt to improve mobility, mobile application developers are looking for and accepting various ways through which they can effectively improve the lives of their customers.
Mainly, they are doing this to increase user retention and get a better return on investment (ROI) with the development of applications. But now that users are becoming more and more tech savvy, developers and development agencies are now working harder to increase the initial gamble to satisfy consumers by meeting their diverse expectations. One notable way in which this can be achieved well is through the integration of peer-to-peer transaction capabilities in the application development process.
It is obvious that today's mobile users are tired of making purchases through applications that require third-party services or the use of physical actions. Even the act of shopping within the application, for them, is from the old school. The successful implementation of cryptocurrencies (particularly Bitcoin) has caused a kind of explanation that has made most application users crave integrated mobile applications with efficient peer-to-peer transactions capabilities. With this, people will no longer need to use third-party services to perform transactions online.
In addition to showing great potential for improving the economics of mobile applications, many application developers and custom software development companies believe that all (users of applications) can get more amazing opportunities to revolutionize processes effectively through of the adoption of blockchain technology. Below are several ways in which mobile application developers are implementing blockchain integration to improve many development processes.
Improve financial transaction
One of the most popular business areas that leans to greatly benefit from the introduction of blockchain is electronic commerce. Currently, there are a number of companies in the electronic commerce industry that are making waves in the financial sector. Companies like Amazon, AliExpress, eBay, etc. They are now at the top of their game, thanks to the development of mobile applications. However, it is sad to know that many of the companies in this sector are not making good use of their potential due to certain payment restrictions.
This is the reason why developers are beginning to consider adopting the use of blockchain technology with the development of mobile applications, which will help improve financial transactions and will also allow those operating in the industry to expand their reach by providing more accessible and personalized services to the growing consumer population.
Improve gaming technologies.
In recent times, there has been an overwhelming increase in high-tech games that could involve players to interact with other players, participate in real-time communications, make transactions and participate in other real-life events. It is good to note how the development of mobile applications has contributed greatly to improving the user experience through the development of these stimulating games. While this has led to a higher retention rate, many application developers have also had the opportunity to benefit from this integration system.
With blockchain built into the world of mobile gaming, it would now be easy for players around the world not only to communicate effectively with each other, but also to conduct business together from their respective gaming platforms. Without making physical contact, the sale and purchase of virtual goods for the purpose of playing can be done between players without any form of intrusion by a third party regulatory body.
Promote the commitment of social networks
The use of social networks for business growth and development has always been part of most business processes. Basically, technology has helped provide several effective channels through which entrepreneurs can reach a target audience, interact with them and get them involved in the use of their product or service. It is interesting to know that mobile application developers have always played important roles in improving participation in social networks.
Now, with the advent of blockchain technology, developers seek to improve the commitment of social networks by developing applications for the chain of blocks that will allow users of a particular community to be rewarded with coins (cryptocurrencies) for performing tasks simple, how to participate in a survey, share and promote products with friends, etc. Users can choose to exchange currencies for fiat money or use them later within the application.
The integration of blockchain in the development of mobile applications will not only help protect the user's anonymity during the course of any transaction within the network, but can also help to effectively protect the content of the transaction made. With the integration of blockchain in the development of mobile applications, mobile users will be able to communicate effectively in a standard open platform with other users in the network through a decentralized database technology directly on their mobile devices. While this has been a long time coming, however, it is interesting to know that technology is nowhere to be found and has already begun to see the light of day.
Nowadays the mobile application development company follows the blockchain technology.