Blockchain and Mobile App Development

blockchain app development company

Blockchain technology is latest buzz in almost every sector of different kind of business . The main reason why it has gained so much popularity is due to significant increase in the Bitcoin and its users.

Blockchain is known to be decentralised network which carries out the transactions in most secured way which is also fast , traceable and transparent . Now a days blockchain development technology is also one of the hottest topic among tech giants .
But the question is how do you actually trust that blockchain technology is 100% fit for carrying out secured transaction that fits in your application project ? You can get the answer to this question by having a deep understanding of fundamentals of Bitcoin and Blockchain .

What Is Blockchain ?

In order to understand blockchain in a better way , let’s take the first step of understanding Bitcoin .
So what do you think Bitcoin is ? Bitcoin is known to be the very first decentralised currency in the world which has gained huge popularity over the last couple of years . Bitcoin has been developed using the concepts of the blockchain technology which is totally based on the concept of carrying out transactions on the basis of chain . The information about transactions updates at all devices in the world simultaneously .
Even in the world of mobile app development , blockchain technology seems to be one of the growing area of technology and mobile app developers are actually using various tired and tested methods in order to bring out the best solution out of the blockchain technology .
Before moving further let me tell you that blockchain technology has become so popular that many of the website has started accepting cryptocurrency as payment for taxes .
In order to carry our any transaction using blockchain technology , peer to peer payment architecture is used rather than carrying out the old server based architecture .
So in order to get the best mobile application , a blockchain software development company who also has deep understanding of the concept of bitcoin can help you reaping the full benefits of blockchain .
Want to develop mobile app based on blockchain technology ? Hire a mobile app development company for it .
Let’s quickly look at some of the main reason for using blockchain technology with app development that together delivers the perfect match .

Blockchain Adds Digital Ledger System

Blockchain uses digital ledger technology that is backed up by expansive network technology , all sending and parsing data collaboratively . It works on chain module , wherein the information on one system is directly transmitted to other machines on network and at the same time it also ensures authenticity and consistency of information .

As in 2019 , wherein the data across the smartphone world is experiencing with very heavy traffic and everyone is relying on getting the data wirelessly , there may be the possibilities of loss of information being transmitted . Blockchain can help featuring advance storage and data streaming thereby improving data transmit significantly .

Transparency Features Creating More Secured Environment 

Transparency is one of the important function for any application to function properly , and it must be carried out in secured way . While taking take of transparency , security is another major concern in order to facilitate user with  tracking in secured environment , and thereby at the same time making it impossible to carry out any fake transactions .
Thanks to Blockchain ledger that facilitates you to see everything at one place . The information storage and categorisation all can be tracked , verified and secured at one place .
In case there is a situation wherein there is overflow of entries , blockchain has a special feature of expanding itself automatically . So what are you waiting for ? Hire a blockchain app developer for creating your next big tech app .

Also Read : How To Create Cryptocurrency Exchange Platform 

Digital Data Is Safe Even If Accessed By Multiple Users At A Time

Encryption is made very complex with the use of Blockchain technology . Every user in blockchain has their own decryption key and hence it is impossible for anyone to fool the system .
In some professions mostly in case of financial and legal , multiple signatures are required at different stages . Blockchain technology can help them with carrying out the transaction with ease by allowing multiple parties to communicate with each other .
We have already discussed that blockchain is decentralised network which implies their is no mother and father for storage and management of information which makes it unique from other apps technologies that are till now available in market . These decentralised applications are completely open source and there is a need to operate autonomously .
A mobile application created with the merger of blockchain technology is latest and most effective way to create application that reflect your brand shininess .
Winklix is leading mobile app development company facilitating blockchain based app development .

How Is Blockchain Helping Real Estate Industry

blockchain app developer for real state industry

With step in of Blockchain technology , it has transformed the way of doing business across all industries , and real state industry is one of those benefited industry who is using such innovative technology . Right from the beginning real state industry is booming industry . According to recent data almost 210,000 first are involved in residential brokerage and is generating the total revenue of $ 250 Billion .

Blockchain technology aids real state industry with speedy transaction in more transparent manner thereby increasing transparency and reducing the paper works . Earlier Real state industry were just referred as large corporate industries which is usually a combination of corporate houses and influential property owners .

A  recent vital changes in the real state companies has been seen . Companies like RealtyShares have started accepting bitcoin as payment , facilitating speedy transaction and thereby reducing transaction charges . The very first step by this company have gained a eye catchy look for other real state companies and as per the prediction they will soon join this list also .

What to know what is Blockchain ? Read our article here .

In brief we can say Blockchain is peer to peer ledger system based in encrypted technology wherein transaction is carried out in chain or blocks without any interference of third party during the transaction , thereby always remain free from all sorts of controls and regulations .

Blockchain Eliminates Interference Of MiddleMen

Right from the beginning middlemen or intermediator always played a important role while finalising any deal in between buyer and real estate company . Usually in past there is no other alternative than contacting a broker in case you want to buy it invest in property .

However with the step in of blockchain technology , no middlemen is usually required – this necessarily means you actually don;t have to have any commission to brokers or so . This is because you will be dealing in Bitcoin or Ethereum for either buying or selling in the property .

Reduces Cost And Highly Secured

Yes you heard it right .  Blockchain can actually saves your’s lots of bucks as it eliminates brokerage and commission . Secondly transaction in cryptocurrency is highly secured due to its chain to chain end technology and thus increases the trust factor while translating .

Reducing Forgery Cases In Real Estate Industry

When it comes to real state , forgery case if must – this is the common thing which we may have come across when debating about the real state industry . There are number of incidents in which people practise unethical practises to illegally grab the property by creating some fake document claim a false person the owner of the property , but in actual he is not .

But with the adoption of the Blockchain technology , all the buyers , sellers and property owners will have a full proof evidence of the transaction conducted and that to digitally without any hassle of paper documents .

Maintaining Transparency Through Smart Contracts

Only a bunch of people buy property without availing a loan or mortgage facility . All others necessarily avail loan facility for purchasing any kind of property . And those who have been faced this process knows that how cumbersome and hectic is the process of availing loan , and it also take a Long time just to sanction the loan .

Blockchain offers smart contracts that facilitates easing the whole process . But developing the smart contract is not a child’s job that any one of the developer can do . You will be needing a blockchain developer to perform this job effectively .

The smart contract develop digital ID for concerned property either as a buyer or seller which will be permanently stored in blockchain and can not be changed , deleted or tampered . It also helps in  monitoring of the transnational process  , thereby making the transfer of ownership process much simpler .

Ensure Reliable Voting

Blockchain technology also helps conducting of voting in apartments , building or complex in efficient and reliable manner  . Voting make be required in case of any important decision making or in respect of getting response for the predefined infrastructure and more\\

Summing Up

The blockchain has not only influenced real state industry , but has also fueling up other industries also like financial industry and more . Due to blockchain buyers and sellers life had become much easier than traditional methods of property investment .
The real state industry are slowly exploring more opportunities that Blockchain is offering and is thus thereby moving towards digital cryptocurrency transaction .

BLOCKCHAIN VS BITCOIN AND WHAT DOES THE FUTURE HOLDS FOR THEM?

blockchain app development

There has been huge fuzz around the Blockchain and bitcoin in the recent times. These technologies have been a very interesting area. It is capturing the imagination of the users. If someone told you about 10 years ago that there will exist a currency which will not governed by the government or bank and the transactions involved cannot be hacked by the third, you will think that the person must be joking. Well… fast forwarding to today, it has become possible due to the blockchain and bitcoin technology. What the future holds for both of them? We will try to figure it out but first let us try to understand what is the difference between blockchain and bitcoin? 

Dissimilarities between Blockchain and Bitcoin

Bitcoin: 

It is an online cyber-currency. Bitcoin wallet holds all your cyber-currencies and is used to buy, sell and use the currencies. There are two ways to have the currency, either you can mine the bitcoin or you can buy the bitcoin. Mining of bitcoin is very interesting as it allows users to mine the bitcoin by spending your computer resources like processor for maintaining the blockchain ledger and solving the complexities. 

Blockchain: 

Bitcoin is made possible due to blockchain technology. A decentralized record is created with the help of this technology which cannot be changed. It is impossible to make any modifications in the record because every node is connected to each other. So the security of your previous bitcoin is very tight.

Bitcoin: A universal currency for future?

Nobody knows what the future has in store for us, but I believe that bitcoin will stay for a longer period in the future. It has a very good future ahead. However, it is extremely difficult for a cryptocurrency to be a universal currency so soon. But if you look at long term perspective you may see that this currency will be spend on most website just like PayPal and credit cards.

It is just a beginning of bitcoin. Just like when Internet came into picture, nobody thought it will be huge as what is it today. Today after so many years, almost everyone is quite aware of the internet and is using it. Similarly, bitcoin is a new concept and people are just beginning to understand what bitcoin is and how it works. There is a possibility that in the long term, people will be using bitcoin and it will be a known thing just like what internet is today for the people. The more and more people get used to it, bitcoin will continue to develop and there will be more places where it will be accepted by the people for the payment. This is how the bitcoin cycle will continue to go on.

Bitcoin has an excellent future ahead of it as it can be used as something to trade with. If in the future, it can buy you a cup of tea, then this will be a huge plus. This will completely change how the money works and it can even replace the physical currency.

The future begins now!

The initiation has already begun. In Venezuela, where the physical currency was unstable, people started using bitcoin as a currency as it was the only stable form of the currency and it didn’t require banks. All you need is an internet connection to trade bitcoin making it very convenient. The number of cryptocurrencies has already grown close to 900. These are very exciting times to be in and there is a great future for the cryptocurrencies.

So if you are looking for blockchain app development company , you can right away contact us .