Undoubtedly, Blockchain is one of the most advanced and named technologies of this century. Blockchain process lightning speed transactions and offers impenetrable security features.
Bringing this technology into developing mobile applications is a profitable deal, because we are living in a digital era. The idea of combining these two will give profitable results.
Blockchain technology acts as a spine in mining and transacting digital currency like Bitcoin, Litecoin, Ethereum, etc.
It allows and exposes the digital data, but that data cannot be duplicated or copied. Which clearly means that every single piece of data can have only one owner.
Popular industries and experts in this field believes that blockchain technology has the power to influence the development of mobile app market.
This technology is employed into mobile applications to increase the speed of transaction process and it also guarantees the safety for users information.
It also has the potential to track down transactions done any where in the world by people or industries who transfer currency to their stakeholders or other individuals.
Undoubtedly it will increase transparency and also improves the app security procedure, and it also flushes down fraudulent transactions.
According to statistics the mobile app economy is almost unstoppable, particularly when it’s supposed to become valued at about $6.3 trillion by the year 2021, and with the increase in usage of mobile apps for each and every need millions of more apps will be developed in the future.
With the employment of blockchain in mobile applications, following advantages can be achieved:
It assists in clearing in app purchase problems.
Improves advertising model.
Secures app transactions buy making them transparent.
Enhances reward programs to loyal users.
Acmarket.biz has developed an infographic to give a detailed description and explain the advantages of Blockchain In Mobile Application Market.