Blockchain can be considered in two ways and it depends on what you want from it, blockchains are either the most significant technological creation since the evolution of internet or simply it is a solution searching for a problem.
Blockchains technology also have promising applications in the apparently boring world of corporate compliance.
After all, saving the data of records in an unchangeable ledger is a quite good way to guarantee auditors that those records haven’t been meddled with. This might be the best possibility for catching embezzlers or tax cheats.
Immutability, in terms of blockchain, means that any information that has been entered into the blockchain, it cannot be meddled with.
The blockchain is managed by a peer-to-peer network. The network is a combination of nodes which are interlinked with one another.
The blockchain works on a special sort of network called “peer-to-peer network” which divides its complete workload among participants and who are all equally elite, called “peers”.
Blockchain supporters admit that it could take some time for the technology to understand. Essentially, the internet’s foundational technologies were developed in the 1960s, but it took several decades for the internet to become global.
Every business now acknowledging the benefits of blockchain as a decentralised database. Other than keeping up to its promise in protecting the data of financial transactions and preventing data manipulations, blockchain is now considered by several multinational companies and they are looking forward to incorporate this technology into their applications.
Integrating blockchain into mobile apps needs an extensive understanding of the technology and the different other perimeters like the network, programming languages, various processes like back-end, blockchain platforms, front-end, and quality guarantee for various mobile platforms, etc.