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How Blockchain Technology Can Fix The Mobile Application Economy

We believe that Blockchain technology will transform the mobile app economy and create amazing opportunities for app developers. Blockchain not only protects user anonymity during a transaction but also secures the contents of the transaction itself.

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How Blockchain Technology Can Fix The Mobile Application Economy

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  1. How BlockchainTechnology Can Fix The Mobile Application Economy

  2. App Developer Trends • We’ve had many conversations with our app developer community and we noticed these trends:- • Return on investment for developing an app is getting harder. • User retention is getting shorter. • Good user experience. • Number of ads makes it harder to monetize an app.

  3. Mobile User Trends • Mobile users are getting more tech savvy and expecting more from their apps:- • They are very strict, require users to have a bank account or credit card and are not open for most of the mobile users. • Users are looking to add peer-to-peer transaction capabilities.

  4. Blockchain Technology • Blockchain technology will revolutionize the mobile app economy and create amazing opportunities for app developers. • Blockchain not only protects user anonymity during a transaction but also secures the contents of the transaction itself. • Decentralized database technology and an open standard platform that everyone can communicate with is something that mobile app developers.

  5. Benefits of Blockchain • Identity Protection • When it comes to security, blockchain has trustworthy mechanism that can assign private key encryption to users and work on cryptography. • It is impossible to modify information while working on this decentralized public • database. • Every data that is entered in blockchain becomes general knowledge with its track record of origin.

  6. Infrastructure Protection • A major hack on the brand’s infrastructure can be removed by storing the DNS entries on blockchain. • When the domain records are under the owner’s control it’s impossible for another individual or government to manipulate the entries.

  7. Alternative to Passwords • the data is already protected by the infrastructure of blockchain technology, its distribution allows authentication of devices and users without the need of password protection. • The network decentralization helps in creating consensus between parties for authentication through the blockchain-specific SSL certificates.

  8. Advantages of Blockchain • Simplest Form of Exchange • Highly sophisticated and digital nature of blockchain makes the virtual currency a perfect option for cross-border and international payment transactions. • Fast, swift and low-cost, with this cryptocurrency there are no foreign exchange rates or other hassles, several other payment options are slower and more expensive.

  9. Safe Ecosystem • Blockchain ecosystem is organized makes a wallet app a safe place to store, exchange, and use the crypto currency. • Every transaction in the wallet is signed with a digital signature before it’s sent to the Blockchain.

  10. Cost Effective • The use of blockchain, secure payments are possible without slow and costly agents. • Blockchain transaction is much more cost-effective and cheaper than its alternatives.

  11. Are You Looking for a Blockchain Mobile App Developer Contact Us https://www.consagous.com/blockchain-services/ https://www.consagous.com/ info@consagous.com

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