Role of Blockchain Enable Mobile Apps in the Enterprise
Blockchain technology is a digital database which contains information such as records of financial truncations taking place. So, here is all the things that you need to know in order to understand the Role of Blockchain Enable Mobile Apps in the Enterprise.
Monday February 11, 2019,
6 min Read
The technological scenario is changing every day, but there are a few things which stay constant which is cryptocurrency and blockchain. They have taken over the tech world at the moment and is guiding the direction.Most of us have heard the word blockchains once in our lifetimes because it is the talk of the town but do all of us know what exactly is this? Why has this taken over the world? Why is it so important?
There must be something right? Well, that is why we are here to discuss it.
What is blockchain technology?
Blockchain technology is a digital database which contains information such as records of financial truncations taking place. This record could be simultaneously used and shared a network which is vast, decentralized, accessible by people. The mentioned is used to produce a database which will keep the transaction in check. Basically, a technology which will keep a record.
Blockchain came about in such a way that people are deeming it to be the next ‘internet’ because of the manner it functions, assuring speed, transparency, security and even efficiency of transactions.
This was the definition of blockchain technology in a basic sense but now the question arises how did it come into being?
How was blockchain originated or Blockchain Development took place?
Since the time bitcoin (a cryptocurrency which is a product of this technology) came into being, blockchain also gained momentum. But it not necessarily limited to that, it deals with other sectors and this versatility makes it so appealing why every industry is opting for it.
Now that we discussed Blockchain Development we should head towards a more staggering question which talks about the Enterprise Mobility Services
What is the Role of Blockchain Enable Mobile Apps in the Enterprise?
It is a known fact that blockchain comes in use for multiple purposes other than peer to peer payments. Developers deem it to be a blessing when it comes to mobile applications because the technology gives way to an unaltered database that makes the mobile app serves way more secure than it was before. If you want to learn about it in details then here are some of the points which help in Enterprise Mobility Services:
1. Blockchains give ways to proving the identity
2. It aids in secure payments
3. It sanctions the supply chain process
4. Moreover, it helps in managing the property and healthcare records
5. When it comes to transferring funds then blockchain should be your choice
6. Gives you an anonymous voting system
7. You get a mutual settlement between financial parties
8. And you get DNS/PKI
How is blockchain technology implemented in mobile apps?
If you want to implement blockchain technology in your mobile apps then there are a few things that you need to take care of. You will need to look for features which require you to act on it. If you use incentive plans then it will encourage them to contribute towards the security of blockchain apps. It will tell you how safe it is.
The next step would involve you to deal with the transactions which blockchain will be taking care of. This might carry two activities;
1. The first step would be to arbitrate the ownership of shared resource value
2. The second step would be to record the multiple transaction data such as quotes, bills, or any specific payments.
While doing this, one thing you should keep in mind is the fact that you will be able to extract more benefits from the blockchain technology only if you a community rather than individuals. The concept of community should be present while developing an app based on blockchain technology.
We move on to the next question which will help you understand blockchain eve better and that is
What is the secret behind the enhanced security of mobile app security through blockchain?
As mentioned above, blockchain technology aids in the transaction and is publicly available, these are the same features which makes the mobile data more secure. If you wish to know how exactly blockchain does it or banks upon enterprise mobility solutions then please read ahead.
1. Data Transparency
Since the technology allows the people to put forward their data on the decentralized system which can be accessed by everyone in real time, it is not possible for anyone to alter the original data without being seen by others. This puts the data in a safe and secure manner san the efforts of a middle-man to handle it.
2. It secures infrastructure
Because of this technology, owners can shift the core targets of brand infrastructure to a location which is more secure and is a decentralized platform. Moreover, it gives the freedom to the app owners to store DNS entries that provide them with more control over the domain.
It becomes very tough for anyone (even the government) to doctor or alter the entries.
3. You will have the freedom to get rid of passwords
All of us know that passwords are no longer a secure method of safeguarding anything. How strong the passwords may be, it still holds the threat of being broken into or getting hacked. But with the blockchain technology, there is no longer a need for a password to authenticate a device or a transaction. The parties will get the payment by using an SSL certificate. There is also the feature of everything being visible so it inherently eliminates all the possibilities of being fake.
4. You get strong identity protection
One of the most striking features of enterprise mobility solutions is that it protects the identity because the server is not on a server so it is impossible for hackers to break into it. Rather than, being on a server, it is in every block. You as a user get the flexibility of working on cryptography with private key encryption ensuring that nobody takes advantage of your data.
So, here is all the things that you need to know in order to understand the Role of Blockchain Enable Mobile Apps in the Enterprise.