If you think of digital transformation, you must explore the latest technology trends like Web3 for content hosting and delivery and React Native for mobile apps.
Blockchain integration and decentralized applications (dApps) are popular among critical services businesses. For example, educational transcripts, government certificates, supply chain transactions, financial transactions, and healthcare records have already found their way to digital transformation with Web3.
React Native will allow you to further the process with cross-platform development of mobile apps for Android and iOS devices.
Web3 and React Native will together ensure synergy in software development for the next iteration of the World Wide Web that fosters creator and user-based content ownership over single entity ownership.
React Native Reshaping the Future of Web3 Software Development
Web3 software development is among various future technologies like AI, ML, Augmented Reality, etc., that are evolving. If you are in the supply chain, health care records, security documents archiving, finance, and digital assets sector, you must know how indispensable is Web3.
However, the popularity of Web3 is limited as it is confined to PCs because web3 mobile apps are scarce. If you want to protect sensitive data and increase productivity, transforming your digital systems into Web3 powered by React Native development is the best option.
You can create cross-platform Web3 apps for consumer mobile phones using React Native. The apps can utilize UI elements from the native operating system of the smartphone, enhancing the usability and appearance of your decentralized applications.
Blockchain integration in Web3 mobile apps built on React Native is a low-code approach. Also, users can use the mobile app as existing Web2 apps like Facebook and Instagram. Moreover, users do not need to learn complex concepts of blockchain, decentralized apps, smart contracts, etc.
Web3 for Digital Transformation
Data verification is a crucial and costly affair in industries like finance, education, banking, health care, supply chain, logistics, and long-term data storage. Organizations involved in these businesses allocate billions of dollars in budget for background checking or cross-checking through intermediaries.
According to market research published by 360 Research Reports, the background screening business will become an approximately 3.7 billion USD industry by 2027.
If you spend a lot in background checking of individuals and documents, a digital transformation to Web3 will help you save.
Web3 stores all data in IPFS or decentralized storage. The critical information backing such data is stored in a blockchain ledger. Any change in the original data or document will reflect automatically in the DLT of the blockchain.
Consider the following digital transformation example of an educational transcript-sharing system based on Web3, React Native, and blockchain integration.
- A college will issue a transcript post-exam and upload that to an in-chain or off-chain storage and link the upload to a blockchain ledger.
- The student will be issued a smart contract key that they can share with an institute or organization for higher studies admission or employment purposes.
- The organization or institution will request verification of the digital transcript submitted by the student through the blockchain.
- The student and the issuing college will authenticate the transaction through their smart contract keys.
- The receiving organization can see a complete tree of document edits from issuing to upload. This will verify that the submitted document is authentic and there have not been any edits since the upload.
Thus, the security features of Web3 are many more than Web2. Also, security and privacy go hand in hand as you have seen in the above example.
Besides security and privacy, Web3-based digital transformation also offers:
- Decentralized architecture with no single point of control of content or platform
- User empowerment over convergence of control to a single entity
- No intermediaries between two parties when settling an online or digital transaction
- Trustless online platforms are shielded from phishing, ransomware attacks, DDos, etc.
- Token economies and decentralized finance (DeFi) systems
- Resistant to censorship due to decentralization
- Strong security for decentralized digital identities of the users
How React Native Complements Web3 Digital Transformation
React Native is the popular mobile app development framework with a 32% market share as of 2022, as reported by Statista.
Also, various blockchain, Web3, and digital wallet platforms are actively opening doors for React Native development via SDKs, APIs, development frameworks, technical documentation, GitHub forks, and so on.
Find below popular developer resources of Web3 and React Native for blockchain integration. These resources help in Web3 and React Native synergy in software development.
- Ethora engine – the super app for DeFi and dApps
- MetaMask SDK
- Coinbase SDK
- Solana and React Native
- Ethereum boilerplate
- Thirdweb React Native SDK
- React Web App Cardano
- Avalanche dApp
- React Cosmos
Apart from the availability of ample developer resources for Web3 and blockchain integration with React Native, the following features also fuel Web3-based digital transformation:
- React Native offers effective tools and plugins to deliver user experience (US) for end users
- You can reuse existing dApp components for new Web3 mobile app projects
- React Native is a popular platform for innovation in the mobile apps segment as this is an open-source app development framework
- There is large community support for React Native development since this is an open-source framework
- Meta actively maintains the React Native framework
- React Native enables you to use one codebase for both iOS and Android operating systems
Real-World Use Cases of Web3-Based Digital Transformation
Find below the popular examples of digital transformation fueled by Web3 and React Native
1. Web3 and React Native in Social Media and DAOs
GK Connect is one of the best examples of Web3 and React Native synergy in software development. It enables you to custom-develop Web3 apps for your business. Alternatively, you can use it to develop white-labeled Web3 apps for selling.
The app is available on Google Play and App Store. It comes with app modules like social profiles, Facebook log-in, Google Account log-in, GK-email members-only chat rooms, push notifications, and so on.
GK Connect also enables you to create a social and decentralized economy on Web3 using GK Coins. There is also a digital wallet with blockchain integration called GK Wallet that activates automatically when the user sets up a GK Connect account.
2. Web3 and React Native in Finance
Crypto.com is another popular example of Web3 and React Native working in synergy. The app offers financial products for both end users and businesses. In Crypto.com, you learn the perfect utilization of Web3 and React Native for the following real-world financial purposes:
- App interface to buy and sell cryptocurrencies and NFTs
- Specialized Visa cards for offline and online payments using cryptocurrencies
- Staking digital assets on blockchains like Ethereum, Cronos, Polkadot, Polygon, and more
- Users can directly deposit cryptocurrencies on Crypto.Com to earn a fixed annual return
- Crypto payment processing platform for businesses
- Non-custodial digital wallet powered by various DeFi services
- User-friendly interface and user experience for zero-learning curve app usage
Effortless Digital Transformation With Web3 and React Native
Web3 and blockchain integration are not as complex as they sound. It is pretty easy to digitally transform your business to Web3 when you use React Native for Web3 app development.
There have already been many successful decentralized applications built with React Native that serve the Web3 ecosystem. React Native and Web3 synergy in software development enables quick and cost-effective smartphone applications for your customers, employees, clients, and vendors.
