Aside from artificial intelligence, internet of things, and machine learning, blockchain is the new talk of the town from the news, offices to the social media, it seems to be everywhere, and the buzz does not look to be dying anytime soon. Like with any new technology, blockchain also has fans and critics, however, blockchain and blockchain app development is growing at an astounding pace.
What is Blockchain and Blockchain App Development? A blockchain is a digital ledger that stores data in blocks; data added to the blockchain is permanent and immutable; meaning it cannot be altered without exception. Each block in the blockchain contains data, which can be cryptocurrency, images, contracts, or any other information. Millions of computers known as nodes host these blocks and thus, there is no single version of the data making the destruction of data virtually impossible. A blockchain is as strong as the number of nodes.
Blockchain app development is evident by the name; it is the development of an application taking advantage of the blockchain technology. Blockchain offers extreme reliability and security of the application. It holds tremendous potential for mobile applications that involve the storage of data. Blockchain is especially beneficial for the development of mobile applications – Android or iOS – due to the low cost of development and maintenance to security and reliability.
Benefits of Blockchain for Mobile Applications
Highly Reliable and Immune to Collapse
As blockchain uses the compute of millions of nodes around the world, this nature of the blockchain provides it the best Byzantine fault tolerance (meaning a mobile application will be impervious to the collapse of hardware). This very nature of blockchain makes it tamper-proof and reliable. It is a much-desired feature for a mobile application, however, very hard to come by.
As blockchain is a distributed network, the data is stored in several locations around the world; this redundancy boosts the reliability of applications on the blockchain.
Blockchain is Highly Secure
Blockchain technology is secure by design; it uses the most advanced level of encryption to secure the data. The information is stored in blocks and several blocks are chained together before being added to the blockchain network. This offers the highest level of security as the blocks contain a timestamp and transaction data of the succeeding block. The data in blockchain is encoded with a cryptographic hash, which makes it impossible to alter a block of data without altering the succeeding blocks, thus enables the detection of data alteration attempts.
To alter data, you would need to alter the data in subsequent blocks, which is virtually impossible, as there may be millions of blocks. Thus, blockchain can be used to develop a mobile application that is highly secure.
Simple Development Platform
A blockchain is relatively simple to other platforms designed to perform similar functions. Other software requires expensive development & maintenance and the integration with a mobile application is difficult. This makes blockchain a desirable technology for mobile app development.
Perpetual Development of Blockchain
Blockchain is still in the granular stage and the technology is rapidly growing. It will stay relevant for years to come; you can expect continuous improvements and updates in the technology as big players like IBM and others are starting to consider the technology.
Blockchain is open-source so anyone can access the source code and tweak it to suit their requirements. Similar to the Linux OS, the blockchain software is not limited by the knowledge of a single developer or development house. It is being contributed to constantly by the top minds around the world. This allows you to reduce the development cost as you do have to solely rely on the in-house development for advancement in the technology. Thus, blockchain allows for the development of remarkable mobile applications.
These days, more and more companies are seeking blockchain for the development of mobile application because of the benefits that the technology offers. It includes security and reliability; it is cost-effective to other platforms with similar function, perpetual development of the technology ensures the best and the latest. If you are considering the development of your mobile application using blockchain, you would need a partner that is well-accomplished in this domain. Enuke Software is the pioneer in blockchain Android and iOS application development. They have developed applications for hundreds of clients all over the world and are an ideal choice.