Normally the blockchain technology is recognized because of cryptocurrencies like Bitcoin, Litecoin, Ethereum. It has considerably stride towards the virtual currency market and steadily it has no bars to grow. The mobile industry domain is one of the industry to get impacted by the blockchain technology.
The future is waiting for the blockchain technology to embrace in a better way. By the year 2024, the global blockchain market is predicted to reach the approximate figure of $7.7 billion. It clearly oversteps the yearly forecast of 2020 blockchain earning.
Besides the blockchain technology being the diverse application, it stands out to the ultimate bet to disobey the ever-increasing cyber attack. Moreover, the interesting part is nowadays the mobile apps are the direct sight of cybercriminals. From the breaching into the private and confidential data to hacking the device, the cyber attacks need to take care of which is jeoparding the security.
Blockchain Enhancements: Mobile App Security
Anti-viruses are not always the things to rely on. Smartphones are full of loopholes and the antivirus software are not enough to tackle every bit of it. And this is where the blockchain comes to the picture. Blockchain technology is a highly innovative technology and it’s extremely tough to alter the data by the transparency clause and reinforcing the technology to the core.
Besides offering transparency and secure financial transactions, Blockchain technology has other usages. All credit goes to the unaltered database. Now, this makes the blockchain application development more steady and reliable.
Some of the mobile app areas where Blockchain application development can be implemented are,
- Identity verification
- Supply chain process authorization
- Track of record like property and healthcare
- Anonymous Surveys
It’s never necessary for the blockchain application development to run on the principles of blockchain exactly. Because it only absorbs some of its functionalities. Along with the right approach and better knowledge about the blockchain technology, you can definitely turn out the mobile apps to be an option.
Two Activities: The Transaction in the Blockchain
- To inspect the account of shared resource value
- To track data like payment bills, quotes and more.
Note: The blockchain should always be used for the broader perspective because it has the potential to yield enormous results in the mobile app security.
Usage of Blockchain in Mobile App Security – Blockchain Application Development
Before you directly jump into the blockchain application development, what you need to know is which data you need to secure and how to distribute it further. Blockchain has other benefits too besides the deployment of online security.
Here are some ways that you can implement to secure your data and keep the cybercrimes at the bay,
1. The Password
In this digital era, mobiles have implied better security via features like Face ID, an iris scanner, and fingerprint sensors. But still, it doesn’t avoid the security breaches. And because of this, every mobile manufacturer encourages every user to secure their device via strong passwords.
But with all the necessary security measures also, You can’t rely on it. And so, the blockchain technology can be the best alternative to replace the password. The two parties consenting on the transaction, it is made through the SSL (Secure Socket Layer) certificates and clamps down on any external breaches.
Blockchain – A decentralized platform which is more secure and reliable. The same goes for the blockchain application development by moving the target of the brand infrastructure to the decentralized zone.
The other field the blockchain can benefit is the DNS or the Domain Network System because it provides the full control of the domain records. However, now it becomes the next to impossible to tinker with the domain record entries.
3. The Blockchain Smartphone is not Necessary
Eventually, the smartphone with built-in blockchain technology has made the way into the mobile industry. Along with the disclosure of the blockchain usage, the smartphone industry is going to be revolutionized.
Moreover, the existing apps can also adopt the blockchain technology in it. And so, it’s not necessary that you have the blockchain technology integrated smartphones.
4. Data Transparency
Blockchain comes along with this one feature. Every party involved in it have their data available on the decentralized system. This can access at any given point of time. Additionally, whoever tries to tamper the data can track and locate easily.
The implementation of the blockchain mobile app development is not as easy as it sounds. Everything comes with the limitations and blockchain apps too. There are many limitations that you need to take care of. Talking about the challenges, they are always there while the mobile app development process.
Every stage of the blockchain application development is not a cake walk. Still, there are many countries who don’t accept blockchain as a legal way of transactions. However, you should go through the blockchain legal structure first and then strictly adhere to the guidelines for staying in the legal landscape.