Below we explore the use cases where blockchain technologies can be applied to either improve existing processes or unlock new technologies.In other words, what type of applications can we build using blockchain technologies? From a new type of money (i.e. cryptocurrency) to powering your digital identity in the internet-of-things, the blockchain technology application stack is the engine powering these new innovations. Below, we explore some of the most promising blockchain applications.
The original and first-proven application of blockchain - Bitcoin. Since the world took note of cryptocurrencies, the most talented engineers have been innovating to bring new financial applications built on blockchain technology into banking.
Cryptocurrencies provide people across the globe with instant, secure, and frictionless money. Blockchains provide the permanent record storage for every cryptocurrency transaction taken place. Blockchain based cryptocurrencies work because only verified transactions are permitted to be recorded in the blockchain. Current systems require users to trust a central authority that the monetary supply and payment transfer will not be tampered with. Blockchain technologies obsolete this previous method of payment transfer by providing a trustless environment so that there is no longer a need to rely on a third-party to ensure your payment transfers, thus creating a Person-to-person(Peer-to-peer) environment.Learn More
Blockchain financial services are redefining the existing rails of our current financial markets infrastructure. Areas of this sector experiencing significant activity range from backend clearing and settlement, to global capital markets architecture. Distributed ledger systems in some of these cases do not need to be entirely decentralized, and several financial institutions are looking at creating their own "private blockchains".Learn More
Smart property allows ownership of both physical and non-physical property to be verified, programmable and tradeable on the blockchain. Physical examples of smart property include vehicles, phones and houses which can be activated, deactivated, tracked, and maintained.
Blockchain technology provides the ideal engine to power a fairly new concept regarding our new connected world: Internet-of-Things. Spending on the internet-of-things market is expected to top the $1 Trillion mark in the coming years. This opportunity is poised for Blockchain Internet-of-Things to step in and provide the ultimate system to track the unique histories of the billions of smart-devices coming online over the next few years.Learn More
In blockchain law applications, smart contracts are verified on the block chain, allowing for programmable, self executing and self enforcing contracts. Blockchain law also encompasses the idea of "Smart Corporations" which includes concepts such as Decentralized Autonomous Corporations (DAC) or Decentralized Autonomous Organization (DAO).
Applying blockchain technology to music applications allows for a paradigm shift in the way artists can control their musical work. From ownership rights, to royalty payments and first edition rights, blockchain technology applications empower artists to extend ownership of their works.Learn More
Blockchain technology will inevitably become a foundational pillar of the real esate industry. In a mostly paper-record based industry, block chain real estate allows for an unparralled upgrade in how records are stored and recorded. Utilizing blockchain applications in essential functions such as payment, escrow, and title can also reduce fraud, increase financial privacy, speed up transactions, and internationalize markets.Learn More
Blockchain identity applications allow for unaltered identity verification, authorization, and management, resulting in significant efficiencies and reduced fraud.
Blockchain technology provides the ideal engine to power digital identities. While digital identities are emerging as an inevitable part of our connected world, how we secure our online information is coming under intense scrutiny. Blockchains based identity systems can provide a solution to this issue with hardened cryptography and distributed ledgers.Learn More