Blockchain technology is taking over the business world in an enlightened manner. This is the technology that was once considered to be bound to bitcoins. But now it is proving that bitcoin is just the tip of the iceberg. The real potential of blockchain technology is beyond our expectations and decentralized transactions. This technology is growing in several industries which includes Real Estate, Healthcare, Education, Legal industry, and many more. Now blockchain is providing opportunities and profit to the entrepreneurs and well-established brands. Still, the most astonishing application of blockchain is in the mobile app economy.
The mobile economy is growing rapidly and the growth expectation is up to the worth of $6.3 trillion by 2021. The app stores already consist of millions of apps and which is providing better facilities to both the app developers and users. Despite the technological innovations and exponential growth, the mobile app development market is still facing various issues, which blockchain technology can resolve by creating DApps.
How Can Blockchain Technology Solve The Mobile Economy Concern?
The mobile economy involves various intermediaries between the mobile app developers and users, just as other centralized systems do. These intermediaries help in financial transactions, discovery, and distribution, but at the same time, averts transparency. The lack of transparency results in situations like inaccessible in-app purchases, security threats, malware-plagued downloads, and data leaks which not only have an adverse impact on the user experience but also affect the mobile app performance.
The decentralized and secure ledger feature of blockchain technology has the ability to resolve the way app market functions and can provide enticing and seamless experience to the users. Blockchain can handle the following major concerns related to mobile app economy:
1. Advertising
2. In-App Purchase
Cases Of Decentralized Applications (DApps)
The integration of blockchain technology and mobile apps has brought a whole new concept of DApps, which can bring a great revolution in the mobile app development market. After going through the ways of how blockchain technology can handle mobile app issues, not let's have a look at how DApps add a value in the mobile app development world:
Conclusion
With the use of blockchain technology in redefining the mobile app world and offering the opportunities to the mobile app developers and users that they have been waiting years for, DApps is the best solution. There are many organizations like OpenXcell, to help out you in having a DApp and making your system run on blockchain development platform.
The mobile economy is growing rapidly and the growth expectation is up to the worth of $6.3 trillion by 2021. The app stores already consist of millions of apps and which is providing better facilities to both the app developers and users. Despite the technological innovations and exponential growth, the mobile app development market is still facing various issues, which blockchain technology can resolve by creating DApps.
How Can Blockchain Technology Solve The Mobile Economy Concern?
The mobile economy involves various intermediaries between the mobile app developers and users, just as other centralized systems do. These intermediaries help in financial transactions, discovery, and distribution, but at the same time, averts transparency. The lack of transparency results in situations like inaccessible in-app purchases, security threats, malware-plagued downloads, and data leaks which not only have an adverse impact on the user experience but also affect the mobile app performance.
The decentralized and secure ledger feature of blockchain technology has the ability to resolve the way app market functions and can provide enticing and seamless experience to the users. Blockchain can handle the following major concerns related to mobile app economy:
1. Advertising
- There are moreover 2.8 million apps in Google Play Store and about 2.2 million apps in the Apple’s App Store. The mobile app developers can invest in Cost Per Installation campaigns, to hit the target audience. But these campaigns are non-transparent and are overpriced, which is risky.
- The blockchain technology can recreate the advertising method by removing all the mediator and building a new CPI campaign. This will allow the mobile application developers to directly reward the users for spending time on their mobile app. This method of blockchain is Cost Per Attention campaign.
- With the help of smart contracts, blockchain technology will allow the blockchain developers and app developers to examine if the users spent required time on their app or not.
2. In-App Purchase
- According to the traditional app in-app process system, the user pays to the app store, deals with the bank transfer fees, circumstances of chargebacks, credit card fraud cases, and many more things. Because of this, the mobile app developer receives the payment from app store going through the same hassle.
- By using blockchain technology the mobile app users can use and spend their CPAt reward even in the absence of payment solutions.
- The blockchain can also enable mobile app developers to get transaction value up to 85% instead of 70% by eliminating the mediator.
Cases Of Decentralized Applications (DApps)
The integration of blockchain technology and mobile apps has brought a whole new concept of DApps, which can bring a great revolution in the mobile app development market. After going through the ways of how blockchain technology can handle mobile app issues, not let's have a look at how DApps add a value in the mobile app development world:
- DApps provide a competitive pressure that changes the pricing of digital resources for a greater range of values to serve a wider market of users.
- Decentralized apps are serving as a mechanism for token distribution through development, mining, and fund-raising.
- It is offering completely new processes to work and conduct transactions.
Conclusion
With the use of blockchain technology in redefining the mobile app world and offering the opportunities to the mobile app developers and users that they have been waiting years for, DApps is the best solution. There are many organizations like OpenXcell, to help out you in having a DApp and making your system run on blockchain development platform.