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How Can Blockchain Technology Help You in the App Development Sphere?
25 Jun 2022 | RightFirms
Introduction
Blockchain technology was first outlined in 1991 by two researchers, Stuart Haber and W. Scott Stornetta, who wanted to create a system where document timestamps couldn’t be faked. However, over the years, technology’s possibilities considerably expanded – nowadays, its apps, along with multiple tools, provide people with new heights of profit for businesses and startups.
Blockchain development services lie in finance, manufacturing, health, entertainment media, real estate, and many other sectors. But how does technology actually work? And what are the advantages of the blockchain in the app development sphere? If you’d like to get the answers to all of those questions, you’ve come to the right place – today, we’re going to tell you about blockchain app development services, as well as why it’s better to choose such technology while developing an app. So let’s not waste time and get to the point!
What is blockchain technology?
Blockchain is a special type of database. Probably, you’ve also heard of the term distributed ledger technology (DLT) – actually, it’s almost the same thing.
Blockchain has several unique features. There are rules about how data can be added, and as soon as data has been saved, it’s almost impossible to change or delete it.
Over the course of time, data is added in structures, called blocks. Each block is built over the last and includes information about the previous one. So, if we have a look at the most up-to-date block, we’re able to check that it has been created after the last one. Thus, if we continue all the way down the “chain”, we’ll reach the very first block, known as the genesis block.
To get a full understanding, let’s imagine we have a spreadsheet with two columns. We add any data we want to store in the first cell of the first row. This data is turned into a two-letter identifier, which will be used as part of the next input in the future.
Do you remember we’ve told you that it’s impossible to go back and change or delete data? That’s because it would be easy for everyone to say that it’s been done, and they’d simply ignore your attempted change.
Suppose you change the data in the first cell – in this case, you’ll get another identifier, which means your second block would have different data, leading to another identifier in row 2, and so on. So, actually, the last identifier is a product of all the information coming before it.
What benefits does blockchain technology have in the app development sphere?
Now, let’s move on and take a closer look at the main question – how can blockchain help you while developing an app?
As we’ve already mentioned above, this well-known exciting technology – blockchain – is concerned with highly-secured features, which makes it being adopted by several industries. The technology is increasingly becoming a significant tool in the mobile app developers’ arsenal this year. With such widespread functionality and potential, blockchain is being used for mobile app development more and more with each passing day. But why and how exactly? Below you’ll see several undeniable advantages of the technology:
- Blockchain provides extra security to mobile apps. Blockchain technology makes your mobile app development secure and free from all threats. As we’ve noted above, since it has been designed with a high level of data encryption, it’s kind of impossible for anyone to interfere in such a system.
- Blockchain is extremely reliable. Blockchain is designed in such a way that there are nil chances of collapsing. Thanks to that, it makes the technology highly reliable and stable.
- Blockchain is simple to use. Blockchain technology is user-friendly, so it’s quite easy for users to design, apply and thus incorporate into their mobile applications.
- Blockchain is developing continuously. The growth rate of blockchain in comparison to other technologies is very high. In the future, blockchain is definitely going to have a maximum number of software updates, as well as enhanced services.
- Blockchain promotes simplicity. As blockchain is famous for simplicity, it allows developers to build mobile applications easily.
- Blockchain keeps the apps updated. Today, blockchain is the fastest growing technology, so it brings a maximum number of updates within a shorter period of time. Mobile apps built with blockchain will always be ready to get regular updates.
Conclusion
Blockchain isn’t just about the crypto and NFT world. Thanks to today’s article, you can see that with the help of technology’s possibilities, we’re able to ease the process of app development and provide customers with truly secure use. In addition, blockchain can manage your warehouses and inventory to run as fast as possible. As you might acknowledge, almost everything is actually decentralized these days, starting from the set of identification data and confirmation and finishing with saving in multiple solid junctions with blockchain.
We’ve told you everything you need to know about the technology’s impact on app development: what the blockchain is in general, the way it works, and how you can benefit from choosing blockchain instead of other technologies. We sincerely hope our small guide will help you even while coming up with your own blockchain app development idea. Just bear in mind one key thing – connecting your business with blockchain technology, you’ll definitely multiply your business reach. So thank you for reading, and develop wisely!
RightFirms
25 Jun 2022
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