Blockchain In Mobile Application Market

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To explain blockchain in a compressed manner it is a complete set of distributed ledger technologies that can be used to save and track anything of value, it may vary from financial transactions to medical records or even records of land. It is an allocated and totally fair enough which makes it accessible to everyone in the network. The data entered into Blockchain is distributed into several blocks and each block has its own hash along with a timestamp.

This makes it impossible for hackers to steal or alter data without the permission of the possessor.

Every block present in the series carries some amount of data and this data has a timestamp accompanied by a hash of its antecedent block. It is a peculiar mathematical algorithm that belongs to a specific block. 

If a hacker wants to steal or alter the data present in the block, then he has to modify each and every hash present in millions of blocks. Therefore it is impossible to go through the data without access.  

Using blockchain for mobile app development

Even though we are surrounded with world class technologies and enjoying theultimate range of technical advantages, there is a prospect that all these technologies might not go side-by-side with all mobile applications. And also if an app that does not deal with transactions it might not need blockchain at all.   

Whereas on the other side, people who use transaction related apps or apps related to sports betting or where they need to pay through pay mobile apps definitely needs the help of blockchain to keep transaction safe and faster. For these kind of apps blockchain technology is a perfect choice.  

Checkout this infographic designed on ‘Blockchain In Mobile Application Market’ by AC Marketfor detailed information.