How Mobile Apps Are Using Blockchain Technology to Change Your Future?

From smart contracts to financial services, the mobile apps are now transforming the blockchain technology

Blockchain Technology

Over the past few years, many companies have started to become actively involved in the development of blockchain applications. This is probably a result of the perceived potentials of the infrastructure. The astronomical growth of Bitcoin and other alternate cryptocurrencies that depend on the uses of blockchain technology are the reasons behind the sudden growth of the market.

As per the 2019 reports of blockchain app development companies, it is clear that companies are no longer willing to sit back and watch competitors take advantage of the various uses of blockchain. It is for this reason that blockchain applications are actively changing the future of mobile app technology. How exactly is this happening? Let’s find out!

Implications of Blockchain Technology On Mobile Apps

1. Enabling Cross-border Transactions

Cross-border transactions are not exactly a new concept. Ever since the first banks were established centuries ago, sending currency across the borders became a possibility. The process has nevertheless always been painstakingly slow. With blockchain applications, though, the process is instant and hassle-free. It is because of the removal of the many intermediaries that exist in other methods of sending money.

2. The introduction of Smart Contracts in transactions

When it comes to breakthrough of potential blockchain future applications, smart contracts are probably the top item. We have recently seen a surge in the adoption of tokenized securities, but smart contracts are the precursor to security tokens.

Blockchain Technology

Smart contracts have made business transactions much more efficient. This is because they do not depend on third parties when it comes to ensuring integrity in the transaction process. There are many future blockchain applications of smart contracts, but the main areas that they have been applied to include business, healthcare, and sports.

3. Quick and Secure Transactions via IOTA

With the introduction of blockchain in mobile apps, users can rest assured that they will experience uninterrupted services and secure payment gateways between coupled IoT devices. This is  possible due to an interesting platform called IOTA, which is a preferred way to develop blockchain applications for IoT tools. The world will see high-quality transactions which employ the acyclic graph (DAG).

4. Complex, yet Secure Digital Ledger System

The world was in dire need of a systematic approach for sending and parsing data. Earlier, for transactions, there used to be a client and server side systems. This implies that the phone and the mobile app would act as clients, and a central server would distribute desired data upon requests. This leads to heavy trafficking on the channels since millions of users would flood in to get access to data wirelessly. Blockchain technology offers advanced storage options and data streaming to improve this condition. Since it is powered by a computer network, every time there is a change, it is automatically updated and transmitted to the other machines in the network.

Blockchain Technology

In A Nutshell

Blockchain technology has so many great uses that come with increased speed, authenticity, and transparency. All these features are great for improving productivity, accountability, and efficiency in the workplace. Now, this blog is based on trends and facts followed by many organizations in many countries. Such as App developers in Poland, the USA, India, and more.

The blockchain technology is thus on the radar of several companies and stakeholders across the board and to stay on the fray, companies need to stay in tune with the latest Blockchain trends.

If this article interests you, stay tuned with ‘MobileAppDaily’ and click the ‘Subscribe’ button to get updates.

Vikram <span>Content Manager</span>
Written By
Vikram Content Manager

Vikram is an experienced wunderkind, who embraced technology at a very early age, and today he is at the helm of it. Mobile apps are something that excites him the most, and now he is up to give this vertical the best shot. He routinely catches up with the new apps and comes up with the top apps that can excite you to the core.

Want To Hire The Best Service Provider?
MobileAppDaily will help you explore the best service providers depending on your vision, budget, project requirements and industry. Get in touch and create a list of best-suited companies for your needs.

Featured Success Stories


Is it the Right Time to Implement Blockchain for a Business?

4 min read  

Any business that is into wallet application development knows that blockchain technology is the future. Blockchain has been the talk of the town for quite some time now. Most large and small companies are implementing this technology into their system for the growth of their company.With the in


How Blockchain Technology is Making a Difference in Mobile App Security

4 min read  

In general, Blockchain technology resonates better with cryptocurrencies like Bitcoin, Litecoin, and Ethereum. The digitalized ledger has claimed considerable strides in the virtual currency market, and steadily, it’s expanding its reach in the unconventional boundaries, and the mobile industr


Exposure Of Blockchain In The Field Of Entertainment

5 min read  

In simple words, one can say that blockchain is a virtual diary consisting of different entries and each entry consists of an information record stored in it. This stored information in blockchain is almost impossible to be forged, which makes it highly valuable.Are you interested to learn block

Featured Success Interview


Interview With Coyote Jackson, Director of Product Management, PubNub

MAD Team 4 min read  

MobileAppDaily had a word with Coyote Jackson, Director of Product Management, PubNub. We spoke to him about his journey in the global Data Stream Network and real-time infrastructure-as-a-service company. Learn more about him.


Interview With Laetitia Gazel Anthoine, Founder and CEO, Connecthings

MAD Team 4 min read  

MobileAppDaily had a word with Laetitia Gazel Anthoine, Founder and CEO, Connecthings. We spoke to her about her idea behind Connecthings and thoughts about the company’s services.


Interview With Gregg Temperley, Founder Of ParcelBroker App

MAD Team 4 min read  

MobileAppDaily had a word with Gregg Temperley, Founder. We spoke to him about his idea behind such an excellent app and his whole journey during the development process.

App Development

How to Implement Artificial Intelligence and Machine Learning in an Existing App?

MAD Team 11 min read  

AI is for decision making, and ML makes the system to learn new things from data.

MAD Originals
MAD Originals

Cut to the chase content that’s credible, insightful & actionable.

Get the latest mashup of the App Industry Exclusively Inboxed

  • BOTH
Join our expansive network, build connections and expand your brand presence.