Real World Applications for Blockchain Technology
Though blockchain technology gained popularity due to its implementation in cryptocurrency, it now has gained popularity as a database that can be used in almost any mobile app especially in the blockchain game development. The blockchain is like a decentralized ledger that tracks every transaction between different parties, storing the information with every stakeholder. This implementation in an app can make the system very transparent, enhance app security, and prevent fraudulent transactions. This technology can tamper-proof transactions made through blockchain protocols and any peer-to-peer transactions in mobile apps. Thus, blockchain helps maintain unalterable and dedicated records of every transaction on a decentralized ledger. The blockchain’s ability to record, store and move data decentralized has sparked interest from start-ups and the financial services industry. Many central banks are developing their coins based on blockchain technology. Blockchain is already being used ...