In the last decade, one of the hottest topics in the tech industry was blockchain, thanks to the rise and drop in the price of popular cryptocurrency, Bitcoin. As you are in mobile app development, you need to find out whether you should adopt blockchain technology.
After all, it is vital for you to embrace the latest innovations, as it helps you stay competitive. Blockchain is revolutionary, as it has been shaking up different industries, thanks to its unique and intuitive features. However, you tend to wonder, whether you should be concerned about this technology or you should ignore it for the time being.
First, let’s take a look at the advantages of blockchain in mobile app development, before moving to its disadvantages.
Allows development of decentralized mobile applications
The main reason why blockchain is gaining a lot of popularity in various industries is due to its decentralized network. As a result, not a single entity is in charge of managing and storing the data in the network.
Thanks to this feature, it allows complete transparency, immutability, and traceability. If you think about it, blockchain gives you the necessary tools to go ahead and create decentralized mobile applications.
One of the major advantages of this technology is that it is open source, ensuring that only widely approved updates are allowed on the application. It allows you to decentralize the data stored in your mobile applications. Also, it allows you to create coins or tokens for the blockchain, which allows users to access the network. At the same time, it provides something of value to the users.
Coding and developing decentralized data is quite challenging
The aim of developing these types of mobile applications is to create a decentralized database. You need to maintain and update this database on a regular basis, to avoid running into problems.
Creating a decentralized app takes a lot of time and resources, which makes the whole process challenging. For example, you need to ensure that it works properly on different types of systems. However, there are bugs such as heisenbug, schroedinbugs, and mandelbugs, which change the behavior of computers.
Navigating legal issues is confusing
At present, you have to ensure that the transactions in decentralized mobile applications are legitimate. However, blockchain technology overcomes this obstacle, allowing transactions to take place outside government regulations and control. Due to the nature of blockchain technology, it is challenging for the government to set up the right type of regulations.
You shouldn’t be concerned about blockchain technology, as it has a lot of potential. For instance, it will help you build applications which provide greater levels of security to your users. In the future, it will pave the path in mobile app development, by creating numerous opportunities to developers!