Making transactions easier could not get any easier than with the blockchain technology.
Over the past few years, the mobile app development industry has seen a huge rise in the demand for skilled developers. It’s no secret why the industry has seen massive growth. More and more people are using their smartphones to execute daily tasks. From working to shopping, the number of people who use mobile devices to access the internet continues to peak.
Even simple tasks like buying a cup of coffee can be done on-the-go. Mobile app development companies started getting overwhelmed with this usage and started looking for newer and better options for app development. This is when someone proposed the thought of using the blockchain technology. People say that it not only makes transactions possible but also provides security for the most important information.
Mobile app development is just one type of project a blockchain developer may undertake. With the rate of growth of demand for mobile apps, it is currently the most important focus in blockchain development.
The demand for blockchain programming skills was on the rise as we said goodbye to 2017. Blockchain developers ranked second among the top 20 fastest-growing job skills in 2017, showing a 200% growth from the second to the third quarter of the year. That demand continues to see rapid development in 2018 as technology changes as blockchain code are used in more and more applications.
While the demand for blockchain implementation is strong, finding developers to meet this demand is not always easy. That’s because blockchain talent is both on the rise and hard to find. Blockchain’s original association was with the world of finance. Its connection to cryptocurrencies has caused many to view the technology as one that is reserved for the investment industry.
There are also blockchain development companies that are completely dedicated to building blockchain applications. But the demand for the electronic ledger is much broader than cryptocurrencies. This demand has led to a buzz in the business world centered around blockchain.
Blockchain development is certainly a major asset to the financial industry. The technology provides several benefits to help reduce fraud, improve liquidity, and free up capital to improve the way financial businesses navigate their systems. But, finance isn’t the only industry where blockchain architecture has gained steam. Blockchain developers have implemented the technology in other industries as well. It seems that wherever the technology has been tried, one thing remains consistent, it is effective in driving businesses forward.
The retail and manufacturing industry, for example, uses blockchain to enhance supply chain management and provide better quality control. Be it digital currencies or smart contracts, blockchain allows those in the retail industry to create, verify, and enforce the negotiation of digitally simplified contracts.
For the manufacturing industry, blockchain means improved tracking for products. Even the healthcare industry is using blockchain to enhance productivity and effectiveness. Personal medical records can be accessed with authentication across the healthcare industry. Blockchain ensures that personal medical information is encrypted and protected to help providers and patients ensure HIPAA compliance.
Even government businesses benefit from the blockchain. The technology can help increase transparency within government officials. Government money can be easily traced to unveil how every dollar is spent. Municipalities can use blockchain to track asset registration, reduce fraud, and curb operational costs. While blockchain technology will not be beneficial to every business operating today, there are many other industries that will see a vast improvement when they implement blockchain. These include:
The technology has not only changed the way companies handle their data, but it has also transformed the way developers can create, market, and sell software. The software development industry has seen a massive change since the implementation of the blockchain. Small-time software developers can eliminate the need for third-party payment systems, like PayPal, that charge a percentage fee on every transaction made.
Larger businesses can use blockchain technology to manage sales and inventory and enhance record keeping. The explosion of blockchain is a force that is taking on industries of all kinds. There is no telling where it will go, but it is going forward.
Hundreds of companies are beginning to use blockchain applications. In the world of finance and financial technology, blockchain apps are turnkey. But the technology has many other uses as well. Before we jump into the most popular blockchain app on the market for cryptocurrencies, let’s look at the most interesting uses of blockchain today.
Beyond digital money, blockchain being used in these unique ways:
As new uses for blockchain technology push many businesses forward, its use in the financial world becomes increasingly mainstream. Cryptocurrency users have relied on developers to create efficient apps for managing their digital assets. Developers have responded with some of the best cryptocurrency apps, including:
The advantages of blockchain development are only appearing to the surface as the world uncovers its capabilities. From quality assurance and smart contracts to the stock exchange and global transactions, businesses are jumping on the blockchain bandwagon in droves.
Mobile app development will continue to rise as startups use blockchain technology to interact with customers from many different devices. And although blockchain development tutorial information is available, businesses need to turn to qualified blockchain developers to take on their next project.
One of the only disadvantages, however, is the sometimes impossible feat of finding a skilled blockchain developer. With the major technological advances that occur daily, we hope developers continue to emerge with this revolutionizing technology called blockchain.
Anastasia Stefanuk is a passionate writer and a marketing manager at Mobilunity. The company provides professional staffing services, so she is always aware of technology news and wants to share her experience to help tech startups and companies to be up-to-date.