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New tool for mobile app development in 2019: Blockchain
Blockchain technology is more associated with cryptographic currencies, but all signals indicate that it will become an important tool in the arsenal of mobile developers in the new year.
A description of the mysterious technology (from the book "Blockchain Revolution") is: "The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not only financial transactions but practically all of value."
With such potential widespread functionality, the blockchain is increasing and is being used for mobile development. But how exactly?
"Any organization or company that requires the registration and / or sharing of digital data through their app can benefit from the implementation of blockchain in their mobile apps," said the company dev ChromeInfotech in a November post.
A post by eLearning Industry provides more information, including the types of apps best suited for a blockchain infusion. "As mobile transactions are gaining momentum for many companies, blockchain-based mobile apps are becoming increasingly popular," said the site.
A blockchain transaction (source: Blockgeeks)
His list of common types of app based on blockchain is dominated by cryptocurrency issues, but also includes others:
- An app for the exchange of cryptocurrencies can make things easier for merchants of goods and miners. Like stock market apps, these cryptocurrency apps allow you to have total control over your digital assets and trade with them. Cryptocurrencies powered by blockchain can be used for all types of payments and transactions through these apps.
- Electronic portfolio applications that can store your digital assets and your money and allow you to spend on transactions involve blockchain technology.
- There may also be digital tracker applications to provide up-to-date information on tariffs, cryptocurrency negotiations, market dynamics and a portfolio of various cryptocurrencies.
- The retail apps that allow their customers to pay via bitcoins or other cryptocurrencies based on another type of blockchain-based app.
- Intelligent contracts or self-executable protocols that automatically respond to certain pre-set triggers is another aspect of the blockchain that can be used in mobile apps to drive automation.
Topcoder, a crowdsourcing development specialist, has also examined the issue of the use of blockchain in the development of mobile apps.
"Blockchain is a very lively term in technology," said Topcoder. "While many take it for a variety of scenarios, it's right for developing mobile apps – there are pros and cons in designing applications with it – it's often touted for its safety because a blockchain can not be corrupted and is always transparent brings both opportunities and challenges ".
Topcoder has also explored the use cases for blockchain over cryptocurrency as bitcoins.
"Although it is mainly discussed in the context of bitcoins and transaction records, it has many other uses," the company said. "Blockchain technology does something that other structures can not: it allows to distribute digital information, but not to copy it: it is the architecture of a new type of Internet, as well as a backbone for bitcoin, the development of blockchain has many uses in the world of technology.
"With a decentralized app, there is no single authority responsible for the storage, management and organization of data: everything is stored on blocks, which are then distributed on a registry, ensuring traceability, transparency and the impossibility of altering it.It works autonomously, however, since there is no single owner, changes are made by the consent of all the parties involved. "
In his discussion, Topcoder notes the pros and cons of distributed databases – another blockchain implementation – quality assurance issues and more. But again, cryptocurrency is still the number one use case.
"You'll find that the more your app is bitcoin, the more likely a blockchain architecture makes sense," said Topcoder. "Study the details if you're not familiar with the bitcoin, but do not assume that bitcoin is the only way to use a blockchain.The possibilities are expected for those companies that want to take advantage of technology and all that it offers . "
One possibility beyond the simple development of the app for mobile devices is the app store itself, and not just the traditional Google Play and the Apple App Store. HealthcareITNews discusses only a niche implementation so specialized in a recent article that reports a blockchain-based app store that connects developers, suppliers and imaging centers in the medical field.
But the blockchain could also be used to shake up the primary app stores, the site says CoinTelegraph in the article entitled "App Store of Future will be based on Blockchain, it will promote transparency". By reporting the app store plans of the AppCoin company, the article says "Google Play and the Apple App Store are the most used mobile markets in the world." It is because of this duopoly that I am able to impose a 30% cut on all purchases, app downloads and similar in-app items.
"AppCoin wants to change this using Blockchain technology, breaking the traditional app economy: this economy is worth almost $ 77 billion today and could double by 2020."
The app store issue is also being addressed by NUS Enterprise in a post titled "Blockchain Technology: Is the App Store Activity Ready to Stop?"
Address the inefficiencies (source: NUS Enterprise)
Among other features, the post states that blockchain technology can be used to reduce inefficiencies in advertising, in-app billing, and app approval.
"In our view, blockchain technology is a tool that will undoubtedly help all types of markets and services to become open, decentralized and without monopolies," the post said. "Our contribution to the app market uses blockchain to create a new, clearer and fairer space where developers, manufacturers and OEMs can really be rewarded and benefit from the app economy, as well as giving users more incentives to invest, use and spend resources on the market. "The company provides the AppCoins protocol, which is the first open source blockchain-based protocol.
