Do you know about what is Blockchain Technology? If you are unable to answer these questions, then you have no awareness of these current trending technologies. As per some of the expertise says that Blockchain can be the best technology in the upcoming generations.
Before we get into the topic, lets we have a short conversation about blockchain? In simple terms, Blockchain is nothing but a collection of data are stored in each block that is secured and interlinked with each other using cryptography. The name of the first block in a blockchain is called genesis block. Blockchain technology is a digital record of transaction information made with cryptocurrencies. Each blockchain contains a cryptographic hash of the previous block. Blockchain is a decentralized, distributed public ledger that can store all transaction records occurring between two persons in a verified manner. Using this technology, we can perform any kind of cryptocurrency transactions without using centralized servers. The main advantages of blockchain technology is transparency, immutability, decentralized, and security.
Where We Can Use Blockchain Technology in Mobile Apps?
Blockchain has many advantages, apart from the online transaction process. Developers should have a clear vision about blockchain technology which will be helpful to launch a successful mobile applications integrated with blockchain technology. The below-mentioned areas are very important while developing mobile apps where blockchain would have a great impact on it.
- Providing Identity
- Secured Payments
- Managing Information and transactional records
- DNS/PKI
- Mutual agreements between the financial parties
How to Implement Blockchain in Mobile Applications?
Before we implementing blockchain technology in mobile apps there are so many things to consider while doing this. First, you have to find out what kind of features we can implement into it which helps the users to know about how blockchain is safe for mobile apps. Next thing we have to mainly focus on transactions that blockchain will look. It consists of two activities,
- Negotiate the ownership of shared resource value.
- Record multiple transaction data.
For More Info Check this Link ------>> How Blockchain Technology Helps Mobile App Security
