The SKY Model of Limited BlockChain in an App Ecosystem
8 Pages Posted: 25 Oct 2016
Date Written: October 22, 2016
Mobile App based market is rapidly becoming popular. As such, it is an opportunity to bring hassle-free transactions to people’s mobile phones. But the multi-billion dollar App market pays a great amount of money in transaction costs and banking services. This paper provides a solution by integrating BlockChain technology with Mobile-App based economy. We first describe the various concepts involved in BlockChain and App technology. Then we deliberate on how the two can be brought together without a glitch in either of the systems. This model is named as the SKY Model, each letter in the word SKY respectively standing for the initials of the authors. We also discuss the various merits of a BlockChain amalgamated with Mobile App based economy. We then go on to show how a decentralised economic system can be brought about on Mobile Apps through The SKY Model of Limited BlockChain.
Keywords: Blockchain, Apps, Decentralise
JEL Classification: E51, E52, E58, G18, O38, P11, P12, P13
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