Blockchain is a revolutionary technology at the IT market that will make your apps more modern and, importantly, as secure as possible, and therefore, not only competitive but also capable of surpassing your competitors.
Our article will be useful to those who want to significantly improve the safety of their mobile apps through the use of this advanced technology, or want to learn about other sides of the blockchain.
The blockchain is a global thing, much more global than, say, neural networks. After all, here we are not talking about any specific mobile apps, but about the type of mobile apps. Above all, these apps are related to finance, social interactions, personal data storage, healthcare, and business.
On the one hand, this could be social networks, on the other – cloud data storage, cloud technologies.
It is noteworthy that any database and any programming language can be used to develop a blockchain. In most cases, C ++ is applied, the blockchain is just a data structure of a particular kind.
Each of us, sooner or later, has lost data. In the past, this sometimes happened when photos were uploaded – files turned out to be broken. The problem of data loss is not directly connected with the blockchain because a 100% distribution offsets this issue.
Of course, mobile blockchain apps are very relevant in business. This could be transactions directly related to money, document flow, and contracts. Business appreciates security, and the blockchain can be a fair solution.
In the Middle Ages, people had an interesting way to conclude and protect contracts, which is somewhat similar to the blockchain and the hash function. Contracts were drawn up on a sheet of parchment, the text was written twice, and after that, the contracting parties tore the document into 2 pieces. After the contract expired, the parties met again and checked the pieces of parchment along the rupture line. Such contract was almost impossible to forge. After all, each time, the structure of the rupture line was unique.
If chroniclers could have used the blockchain technology instead of usual records in their work, then we could have had the most reliable facts about historical events.
You’d think how such complex technology can be utilized in mobile apps that people use every day? In fact, it can and very successfully. Nevertheless, this does not mean that the blockchain will be an ideal choice for any mobile app, because, in the first place, all depends on your goals and tasks.
The blockchain is mostly attractive for developing mobile apps since it can protect data from any abuse or interference while making them always publicly available.
Blockchain market forecast:
In the near future, the use of the blockchain technology can contribute to the evolution of a number of industries. While some companies are skeptical of the blockchain, other corporations have already been involved in the process of innovative integration of the blockchain technology into mobile app development.
“The best way to predict the future is to create it” – Peter Drucker, one of the most influential management theorists of the XX century.
Starting from 2016, such companies as IBM and Microsoft began to offer first communication solutions based on the blockchain technology in the following areas:
In 2016, IBM launched a cloud service based on the blockchain technology.
Using a cloud service like IBM’s, “in 12 seconds, a developer could have their own mini blockchain sandbox running”, said Jerry Cuomo, vice president of blockchain technologies for the company. “A minute or so after that, they can have their first blockchain sample application up and running”.
In 2017, Visa developed innovative software to simplify a car rental process. An interesting fact: the software was integrated directly into the cars.
Using the technology based on the blockchain architecture, Visa simplified the process of transactions through its network between the banks.
At present, many banks realize that if they do not come up with ways to implement the blockchain technology in their processes, then in the near future, they will simply cease to exist.
If you want your business not only to remain competitive but also to be in the top, it is necessary to keep up with the times, developing the technological component. This will give you a significant advantage and help get the upper hand.
The development of mobile apps for business has long ceased to be just a trend, at present, it is vitally important, the mobile app market grows and develops rapidly, and devices are more powerful and functional. Business becomes extremely mobile, in every sense of the word.
The blockchain has become a synonym of security and is an excellent solution for services where users are concerned about their data security: medical industry, insurance, law, IoT, etc.
The blockchain is good for everything. In fact, it is something abstract and higher than anything tied to a platform. This is a distributed base, in the near future, there can be such options as mobile app + website.
To put it more abstractly, of course, a mobile blockchain app is primarily needed to ensure financial security, because finance is most interesting for fraudulent schemes. The problem of finance is especially critical for vulnerable bases. All encryption and cryptography are built basically on two things – personal data and finance.
From time to time, we hear the news about how data are leaked, including ones from social networks. The blockchain can be a good solution to ensure the protection of personal data if we really want good protection and wish to safeguard ourselves.
What benefits can the blockchain give to your mobile app?
Blockchain can be used in mobile apps for:
The blockchain is optimal for anonymous voting systems. After all, in anonymous voting, people don’t trust each other at all. In this case, the use of the blockchain technology will be an ideal solution.
3 reasons why you should pay attention to the blockchain:
When implementing the blockchain technology in your mobile app, you need to determine which transactions the blockchain will authenticate.
Conditionally, you have 2 options:
Being a complex technology, the blockchain is more demanding of computational resources. In this case, transactions are processed longer, since decrypt and encrypt take time. Of course, the blockchain technology has some cons, but these cons stem from its pros. And the pros carry much more weight. Simply, there are always situations when the use of any technology will be excessive.
In some cases, for example, classic bases would do the job – if we are not talking about any super-personal and super-private data or finance-related data.
Speaking about the protection of a system or an app, we mean the protection of data, file, document or contract that is stored or will be stored in the mobile app.
In the blockchain, data spoofing is almost impossible. Thus, your users can rest assured that attackers, for example, will not overwrite the file with your data in order to seize their assets.
In the blockchain, privacy is paramount. Currently, there are occasional situations when servers are hacked, compromising a large number of users. The use of modern databases, together with the blockchain technology, can solve this problem.
Blockchain and IoT
At the moment, the issue of ensuring the security of the Internet of things is highly relevant. Attackers often hack smart-TV to track people. Re-flashing of some devices by hackers can eventually lead to serious consequences, including injuries and even death of users.
If you want to protect the security of your Internet of things, or if you have original ideas how to introduce the blockchain technology in your Internet of things, then our team will be happy to help you implement them!
Blockchain and Cargo Transportation
Application of blockchain technology can help to avoid the risks of the information change during cargo transportation. Received from any sensors the route and content status data (for example, temperature or state change) will be recorded in the blockchain system. Data reliability that has already been recorded can’t be influenced by the human factor.
Blockchain Technology in Healthcare
The blockchain technology can also be perfectly implemented in healthcare. For example, to compile a digital medical history. Furthermore, it is very important that the data remain unchanged. As a rule, each individual case always has a lot of nuances: allergy to certain medications, various contraindications.
When using the blockchain technology, only the doctor and the patient have access to the records. Each of them has a private key, which they can share with either a certain specialist or with a medical institution, if necessary.
Thus, the system will protect the medical history from any changes and inconsistencies, which will provide a better medical service and contribute to a speedy recovery of patients.
The blockchain based on cryptography has become a reliable mechanism to protect mobile apps by encrypting private keys. Though the database is public, it is almost impossible to change any information on the platform.
Use cryptography to assign private keys to users, so your users can store, view and manage all data and transaction information in one place.
Since the blockchain is an independent database maintenance algorithm, which is not controlled by one organization and does not depend on politics or any decision on sanctions, your mobile app will be less exposed to environmental factors.
The blockchain, as a technology, evades regulation, just like cloud computing. Only specific business applications can be regulated, such as storage and processing of user data in the cloud. The technology itself cannot be prohibited.
Protection of Infrastructure
If your mobile app is developed on a blockchain platform, then the risks of hacking it are close to zero, because domain accounts are controlled by the owners, and transparent DNS, offered by the blockchain technology, makes it impossible even for the government to interfere with the app, without a permission of the parties involved. Thus, owners of mobile apps receive a decentralized secure and unhackable platform.
Innovative Security System Without Passwords
The blockchain allows authenticating users, their devices and their transactions without the need for password protection. The network decentralization function helps achieve consensus between the parties involved for authentication through block-specific SSL certificates.
Permissioned and Permissionless Blockchains
When choosing a Permissionless blockchain, anyone can become a part of the blockchain, anyone can become a validator and create new blocks.
When choosing a Permissioned blockchain, only designated parties can verify transactions and form blocks. This requires a special permit.
For example, a group of companies wants to implement a payment system. Let’s say that 7 companies make mutual settlements among themselves, and if the 8th comes, then it must first become a part of the payment system, then get a permission from the others, and only then it becomes possible.
Individual accounts allow users to see that nothing in the system is changed without their knowledge.
Which blockchain is better to choose? Permissioned or Permissionless? This choice is similar to the one a warrior makes before a battle: a sword or a bow? It all depends on your goals and tasks.
If you need to create an open network with the possibility to resolve the issues of anonymity and censorship, then you should opt for a Permissionless blockchain.
If you need, for example, to build a system of mutual settlements between a limited number of participants in financial organizations, then you should opt for a Permissioned blockchain.
Due to its novelty and completely new approaches, the development of mobile blockchain apps is complex and expensive. But it’s worth it, if you want to get the maximum level of security for your app and avoid any problems of losing money or leaking confidential information.
It is practical to use the blockchain when:
For example, you have released a number of mobile apps for different business areas and want the system to be processed by a consortium of your businesses. In this case, you can exchange customers between your apps, giving them the opportunity to receive loyalty bonuses.
Of course, you can build your own analog of a blockchain system from scratch all by yourself, but you will spend much more resources on the development than if you use the already existing database maintenance algorithm. Instead of reinventing a
wheel blockchain, we suggest you contact a highly-skilled team of professionals.
The blockchain technology is like chain armor. A warrior who wears chain armor fully made of threads that have only 1-2 steel links connected together, risks losing a battle or getting seriously wounded.
But if the warrior has powerful chain armor with a lot of links, he will become almost invincible and will be able to fight well on the battlefield.
The same is true for the blockchain system – a large number of users (“links”) in the chain armor of your mobile app will provide you with a higher level of reliability and security.
Select features that will prompt your users to act the way you need. Allow users to make their own contribution to the development of your mobile app, and you will see for yourself how secure the app can be when developed on a blockchain platform.
Don’t be afraid to try something new! Integrating blockchain features will help you reach a new level of growth, leaving competitors far behind.
To sum up, we would like to highlight the key advantages of using the blockchain technology:
Now that you’ve learned about the blockchain and its capabilities, you can create your own app on its platform. If you still have any questions, contact Umbrella IT and our team of specialists will be happy to help you!
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