Technology is making you smarter and efficient by the day. Mobile apps started out with offering convenience to the end-users. However, today, if you look at the apps, they tend to offer more than just convenience. These apps make your life efficiency and are more cognitive in their responses. They are intelligent, can help make your interactions better, and offer more benefits than before.

The evolution of technology is one of the reasons why most businesses and people are closing the gaps that exist, and are slowly moving towards embracing security.

The technologies such as Blockchain and Artificial Intelligence are ruling the mobile app market, and it seems that they are all set to redefine how the apps work.

The unconventional methods using which both the technologies govern the mobile apps says a lot about how the development will progress, and how intelligent and safe the future of mobile technology is.

Lets take a look at the five different ways in which AI and Blockchain together are planning to redefine the mobile app industry.

#1 Embracing Safety the Unconventional Way

The way Blockchain works and manages the records is unconventional. To date, we have seen a centralized system at work, connecting the dots and managing the systems. However, with Blockchain, the system is decentralized, and you have nodes that manage the communication and transaction. Every transaction that occurs from point A to point B is being managed by these nodes, and the communication is seamless. So, if there is a change in any of these nodes, it is communicated across the chain, and the change is noted. So, with Blockchain, the intermediaries cannot make the mistake of manipulating the data that the mobile app has received, which is why the transactions are safe and secure.

When you combine this with AI, you are loaded with data that cannot be manipulated. As a result, the insights derived will be accurate, and decisions taken on this data and the insights derived therefrom will be precise and will help you be more profitable.

#2 Personalization with Greater Impact

It is time to personalize and tailor the solutions to meet the end users requirements. If your app has not marked the users activity and implanted solutions accordingly, then you wont be able to connect with the subscriber and complete the transaction.

Blockchain, on one hand, makes the transactions completely transparent to the users, as a result of which people share information that they believe will improve their experience. This has also increased the ability to secure the apps and making them more safe for users.

A combination of Blockchain and AI has resulted in transparent and completely coordinated app solutions that understand the users, take the data provided by them into account and ensure data privacy.

As a result, mobile app owners know what the users are looking for, and what kind of transactions they are comfortable with. This helps personalize the app solution in a better way for them and improves the overall user experience.

#3 Boosts Forecasting Methods for Businesses

With Artificial Intelligence implemented into your mobile app solutions, you have a better understanding of the market. You know what you are dealing with, and how to achieve the standards you have marked for yourself.

For instance, if you have been managing a higher stock for a long while, then you might want to figure out a way in which you can reduce the stock and manage just the inventory needed for a particular purpose. However, it is becoming increasingly impossible to judge that manually, as there is a lot of data available from different channels.

As a result, you need an intelligent technology that will tell you just how much products you need to keep aside, and how much of it is really going to be sold this month.

Lets talk about an electronics retailer who has shops in different cities. He observes that a particular brand of TV is sold more in a particular locality as compared to the others. This is just an observation for one product in one locality. How can he observe and identify the quantities sold in the different shops he owns, and know what quantity of what product or brand he needs to hold in the shop.

AI will identify the different factors controlling the sales and accordingly identify the demand for a particular shop. This will help the retailer manage the inventory and improve the sales.

#4 Cost-Effective Mobile Apps

Who doesnt want an intelligent yet cost-effective solution for their business? Mobile app solutions devised using Blockchain technology can help boost the simplicity defined for the apps, thus allowing you to create minimalistic app solutions without going too expensive. Apart from being a cost-effective solution, they help derive higher ROI, as the technology offers greater returns and profits for your business.

The technology is highly reliable, which makes it the number one choice for mobile app developers if they want to gain the trust of the users. Combined with AI, you get to implement better search abilities and transform data into impressive insights, that increase the trust in your solutions. Data collected from all points are available in this combination, which allows you to gain more accurate points to make capable decisions.

#5 Improved Security Features

The single-most cause of concern for the mobile app users is the security of the data when using a mobile app. However, you can easily keep this concern at bay as the security features are ably improving with Blockchain technology. This guarded, distributed technology makes use of enhanced cryptography techniques and has a block for every transaction. These blocks are marked with a timestamp, which means manipulation is next to impossible. Guarding your data through encryption are the blocks that improve the security features with great abilities.

When you combine Blockchain and AI, the app becomes more secure. The facial recognition technology does not allow people to enter the app without the biometrics that you have saved. This combination is indeed lethal, thus making sure that hacking does not occur and your data remains safe.

Summing Up

The combination of AI and Blockchain will ensure quicker and smoother updates for mobile apps, thus resulting in quicker adoption. As your apps are safe, and you have no issues within the apps as a result of the adoption of these technologies, you will observe that your apps are easily accepted by the app stores.

However, you need to maintain the guidelines of the app store and make your app flexible for scaling so that you are future-ready.

Have you charted a plan to adopt Blockchain for your next mobile app?

Author Bio:Pradeep Makhija is a Digital Marketing Executive at Space-O Technologies, a Mobile App development company. He likes to share his knowledge and experience with people around by writing articles related to mobile apps & new technology. In his spare time, Pradeep likes to explore and read more about the trends and needs of a mobile app in different sectors.

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5 reasons Blockchain and Artificial Intelligence is Changing the Mobile Industry - Irish Tech News