Technology Trends 2019 For Blockchain Mobile App Development Presented by Consagous Technologies
Today's Discussion Breakdown of the Presentation What is Blockchain? History of Blockchain Blockchain Development Blockchain in Food Industry Blockchain in Retail Industry Blockchain in Healthcare Industry How to Contact
2018 | CONSAGOUS TECHNOLOGIES
What is Blockchain?
The blockchain is considered as a revolution within the tech industry as contain numerous opportunities for growing and established businesses. Companies that clinch it into their business model see significantly higher growth in their annual ROI than those that are slow to adopt it. Most of the large companies like Microsoft and IBM which are embedded blockchain to their infrastructures are enjoying its commendations. Nowadays, Blockchain is used by most of the mobile app development companies as it offers robust security features to deal with complex transactions.
2018 | CONSAGOUS TECHNOLOGIES
Words to Live By
You have to think of the blockchain as a new utility. It is a new utility network for moving value, moving assets. William Mougayar
History of Blockchain Its beginning story is fascinating just like its name, well it’s quite difficult to trace its actual beginning as its entire beginning are perfect in their own way. In 1997, an American computer scientist Nick Szabo introduced the first time the term smart contracts to the world but it got popularity after the development of blockchain technology. In 2008, a person called Satoshi Nakamoto is blockchain. The blocks in blockchain are knots containing encrypted information, as well as a reference to the date of the creation, and the name of the previous block to which the current block is related in a chained manner. Any change to the chain will not overwrite the existing information but will be added as a new block, after it has been validated by all the other blocks in the network.
2018 | CONSAGOUS TECHNOLOGIES
Blockchain Development According to the Forbes, the biggest use of blockchain in mobile payment apps. “Only 1.2 billion people have access to a bank account with payment capabilities, while there are approximately 5 billion unique mobile phone subscribers.” A partnership between the blockchain mobile app development company and telecom companies allow people to make secure mobile payments using mobile apps. Not only Fintech, but most of the industries are also using blockchains to build decentralized applications and simplified the app development process. Let’s brief about the industries which are taking benefits of Blockchain technology:
2018 | CONSAGOUS TECHNOLOGIES
BLO CK CHAIN IN THE RETAI L INDUST RY The retail industry uses Blockchain in supply chain management to offer best quality control management. It provides greater trust, transparency, and collaboration across the whole systems that would otherwise difficult to manage. Additionally, the use of “smart contracts” offers automating and auditing transactions in the retail industry. There are various supply chain startups that saw an opportunity in blockchain to provide supply chain solutions in order to improve efficiency for the gigantic supply chain industry. Most of the companies recently started using blockchain-enabled solutions to transform their business.
2018 | CONSAGOUS TECHNOLOGIES
BLO CK CHAIN IN THE HEALT HCARE INDUSTRY This technology has the potential to shift the floor of health care industry by placing the patient at the center of the ecosystem. No doubt, Blockchain has increased the interoperability, privacy, and security of health data and allow doctors to examine their patients remotely. With the help of electronic medical records, it could offer a new model for health information exchanges to provide more disinter mediated and secure healthcare ecosystem.
BLO CK CHAIN IN F OOD INDUST RY The food industry requires imperative solid records to trace each product and Blockchain embedded solutions offer transparency in the workflow. One of the established brand retail corporation Walmart retail uses blockchain to keep track of its pork it sources from China and the blockchain records where each piece of meat came from, processed, stored and its sell-by-date. Unilever, Tyson, Nestle, and Dole also use blockchain for similar purposes. These are some industries which are availing the benefits of Blockchain technologies in order to succeed in their respective field. If you also want to jump into Blockchain ship with a unique idea, you must hire mobile app developers with deep knowledge in Blockchain technologies and its tools.
2018 | CONSAGOUS TECHNOLOGIES
How to Contact Mailing Address 119 Nueces St Austin, Texas 78701, USA
Website www.consagous.com
Email Address projects@consagous.com
Phone Number +1 (512) 333 1321