React Native is the most sought-after mobile application framework. Therefore, blockchain developers believe that React Native and blockchain could be a powerful combination for mobile app development.
Blockchain application increased a lot in several industries like banking, finance, supply chain, healthcare, securities trading, and human resource. However, the smartphone or tablet apps development sector remains the less explored sector for blockchain implementation.
Statista says that, as of the first quarter of 2021, there are 34,82,452 and 22,26,823 apps in Google Play Store and Apple App Store, respectively. This data shows that blockchain developers and businesses have a lot to gain from mobile apps.
Blockchain in React Native Mobile Apps: Why Blockchain?
When you need to develop a cross-platform app in React Native mobile applications framework, you should implement blockchain technology for the following reasons:
1. Decentralized and Open Source Structure
Blockchain can help you make your cross-platform app hosting decentralized. Though the central server system for existing mobile apps seems to work fine, however, industry experts believe that data is never safe in a centralized environment.
In a blockchain network, as the source data is decentralized, miscreants will face a hard time hacking your app or its database. Apart from this, scale-up is truly cost-effective in blockchain rather than a centralized server.
2. Extra Layer of Security
Cryptography adds an additional layer of security to your DApp on the blockchain network. Hashing technology helps to retrace the transactions and hence increase the system transparency.
3. Immutable Data Structure
When an authorized user tries to add any data to the blockchain network, they must do it in a sequence. It implies, there is no retroactive addition or deletion of data from the transaction blocks.
This feature is extremely useful when you need to create DApps for banks, financial houses, or stock exchanges. Conventional app development technology becomes costly if you need to implement blockchain-like data traceability.
4. A Better Advertising Model
You can implement the cost-per-attention advertising strategy through React Native apps in Blockchain. The idea is to reward the user directly using in-app coins or any other form.
You can cut down your advertising management cost, which you need to bear in the conventional apps. There are advertising agencies, influencers, and other middlemen that increase the cost within the advertising value chain.
Blockchain in React Native Mobile Apps?
If you plan to develop a DApp, you should choose the most widely used app development platform. What better option you could get than React Native? React Native is the best option and the following benefits of using it justifies the logic:
1. Greater Device Compatibility
2. Similar to Native OS UIs
The UI components of React Native framework match vastly with the native device OS. Therefore, the mobile apps look more native, and the designs are in line with the native OS.
3. Code Reusability
React Native is truly a cross-platform mobile app development framework as it offers code reusability. If you use React Native framework for app development, you do not need to code separately for different smartphone OSs like Android, iOS, Blackberry, etc.
4. Easy Debugging and Patching
Mobile app troubleshooting, debugging, and patching becomes effortless with React Native mobile app framework.
5. Huge UI Component Library
You can use readily available UI components in the React.js library. It cuts down app development turnaround time.
Successful App Examples for App Development Inspiration
There are a few successful Blockchain-based apps built on React Native framework. You can get creative inspiration from the following apps:
1. Stacks Wallet
You can manage your STX tokens in Stacks Wallet. This app is a perfect example of React Native app built using Blockchain. Stacks Wallet grants the following features:
- Use the secret key to generate a new STX address.
- You can accept STX from others to your STX address.
- You can also send STX from your STX address to others.
- You can also view the balance and transaction history.
- You can pay fees when transacting STX.
- Earn BTC by participating in Stacking.
2. Rainbow – Ethereum Wallet
Rainbow Studio made the Rainbow – Ethereum Wallet using Blockchain in React Native cross-platform mobile app development framework. The app is presently available in the App Store for iPhones and iPads. It is a finance category app that helps you explore DeFi and Crypto.
The developers of the app are also working on a project to launch the app in Google Play Store for Android phones. They are welcoming beta testers for the Rainbow – Ethereum Wallet app in Google Play.
Coinbase is another example of a successful cryptocurrency trading app built from React Native framework using blockchain technology. Many cryptocurrency traders believe that Coinbase is an effortless app for trading.
You get to learn cryptocurrency trading from the app. Moreover, the app could offer you up to $28 worth of crypto for getting started. Set up is easy, and you can start trading in just a few minutes.
You can get the app from App Store or Google Play Store for the respective devices. The app saw 10,000,000+ installs in the Google Play Store platform. On Apple App Store, it is the #16 app in the finance category.
Internet users are growing resistant to the conventional sign-up process. The legacy sign-up process is lengthy where you need to enter many details and go through verifications as well. Therefore, social media account-based sign-up or Google account-based sign-up are getting more traction. One of such an app that can help a user with one-click sign-up is Metamask.
Metamask helps you prove the ownership of your account or identity through cryptography and private key. It offers an authentication system built on message-signing. Here, the identifier is the user’s public address.
Apart from the one-click log-ins and sign-ups, the app also enables you to trade cryptocurrency. The app is available in Apple App Store and Google Play Store for free. The app saw 1,000,000+ installations in Google Play Store. Additionally, it is the #90 app on App Store in the finance section.
Crypto.com is one of the fastest-growing crypto exchanging apps globally. As per the developers, the app supports trading of 100+ cryptocurrencies among a 10m+ user base at true cost. The app also offers a lucrative user engagement rewards system through interest earnings.
You can get the Android app from Google Play Store and the iOS app from Apple App Store. More than 10,000,000+ installs show up in Google Play Store. On the Apple App Store, it is the #19 app in the finance category.
Crypto.com app is another best commercially successful React Native app built with blockchain technology.
6. GitHub: agrcrobles/react-native-blockchain-poll
Blockchain in React Native mobile apps can also help solve online polling problems. One of the best ongoing examples for this is the Expo project on react-native-blockchain-poll.
It is an open-source project of app development, and anyone can review the code from GitHub. The app aims at taking care of cryptopunks polling systems and rankings on the Ethereum blockchain.
React Native Mobiles Apps in Numbers
React Native is one of the most sought-after cross-platform mobile app frameworks. According to a 2020 research publication in Statista, 42% of app developers said that they use React Native. Some other important numbers are as below:
|Online Platform/ Tech Community||React Native|
|1. Reddit React Native devs||78,800|
|2. Stack Overflow Questions||102,531|
|3. GitHub Repository Results||244,682|
|4. GitHub Commits||720,000|
|5. Facebook Followers||111,753|
|6. Twitter Followers||113,500|
|7. LinkedIn Group Members||32,174|
Blockchain-Based Apps (DApps) In Numbers
Decentralized applications (DApps) run on the principles of distributed ledger technologies (DLT), like the Ethereum blockchain. DApps gaining popularity among developers and companies as these apps offer robust security features that are virtually unhackable.
Developers and businesses have so far explored DApps for decentralized finance (DeFi), cryptocurrencies, online gaming/ gambling, and smart contracts. Know more about DApps by numbers in the below table as of June 2021:
|STATE OF THE DAPPS Parameters||DApp Statistics|
|1. Total DApps||3,550|
|2. Daily Active Users||128,430|
|3. 24h Transactions||2.06 Million|
|4. 24h Volume USD||258.31 Million|
|5. Smart Contracts||6,370|
|6. Live DApps||1,750|
|7. DApps in Beta Testing Phase||292|
|8. Ethereum Platform DApps||2812|
The space for blockchain in React Native mobile apps development is growing. You will come across many successful DApps on the Internet. If you think you should explore this field, it would help you have started now than later
Dappros is a leading React Native mobile apps and Blockchain Development company. It has successfully delivered several commercial blockchain projects in diverse sectors. Dappros holds expertise in the latest blockchain technologies and frameworks.