Businesses worldwide are using the newest trends in blockchain to great effect to streamline consumer experiences and to create elegant new ways to do business. If you’re looking to incorporate a mobile app into your business model through the use of blockchain technology, look for a developer that understands the trends that are shaping the market into 2019 and beyond.
A lean developer that includes you in each step of the design process from storyboarding to wireframing, ideation to QA, will help you design the perfect app for your niche — whatever it may be. They will also understand current developments in the technology.
Blockchain in Finance
In certain areas of finance, traditional ways of doing things now see cumbersome and outdated thanks to the introduction of the blockchain. In areas of bonds and contracts, users find the blockchain to often be cheaper, more effective, and more transparent. This explains why a larger and larger number of financial services are using this system to introduce innovations to the way they operate. Consider smart bonds or smart contracts — digital contracts that are able to self-execute and self-maintain once their terms are met.
By taking the power over a given contract out of the hands of one or a few individuals and making it public on the blockchain, contracts can be digitally programmed so that once specific conditions are met on either end, funds can be released — which will have a considerable impact on the efficiency and equitability of legal systems worldwide.
Digital Identity Security
Blockchain doesn’t start and stop with financial applications. Experts in the field of digital identity security are getting excited about the possibilities that blockchain technology represents — no longer do users have to worry about less-than-secure password systems. With blockchain, users are given a private key that, unlike a traditional password, is functionally all but impossible to attacks, which means that we may see things like passports, IDs, or birth certificates put online before long, all of which presents numerous opportunities for B2C and B2B application development.
What does blockchain technology mean for the future of mobile apps? It’s hard to say, although it’s safe to assume that the impact will be significant. Check out this blog for the latest in app development technology as well as how increased security and an accompanying increase in user confidence will allow for mobile apps to take bigger steps and serve larger purposes in people’s lives.
Look for The Right Developer
Your mobile app will often be the face you present to the world and to your consumers. It’s vital that you and your business are involved at all times with the development of your app — whether in the blockchain sphere or elsewhere. What happens if a developer ignores your notes and presents you with a finished product that just isn’t what you want, or doesn’t represent your business the way you expected it to?
Talk to your developer about their transparency — that is, their approach to keeping you in the loop through the development process. Make sure that they are easy to contact, eager for your input, and open to constructive criticism. Your mobile app is exactly that: yours. Being involved in every step of development should be more than just a nice bonus—it should be expected.
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