Middlemen basically serve as the link between product originators and consumers. They have played some significant roles in ensuring that essential products, especially in the technological world are able to get across to various parts of the world and reach their appropriate consumers.
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With mobile technology, Google Play Store and Apple Store have risen to establish themselves as the ‘go to’ platforms for apps acquisition, despite the existence of other smaller outfits. But the emergence of Blockchain technology is exposing the limitations of these centralized systems and offering viable options that promise significant cost-effective and more efficient processes of apps acquisition in the technological ecosystem.
The existing App Store system is plagued with a number of limitations that hinder the achievement of maximum rewards for both developers and consumers. Some of which include:
The AppCoins protocol which enables the processing of in-app purchases inside Apps through Blockchain brings several important benefits to the developer, which includes:
The platform shall be powered by the underlying AppCoin tokens which are based on Ethereum Smart Contract. This token will be used to get various types of services on any app store supporting AppCoins protocol, but also to reward users. Tokens can be used to advertise apps, developers can sell and users can buy digital goods using in-app billing, and users can be rewarded with AppCoins for installing and using sponsored apps.
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