How Decentralized Applications Could Bring the Blockchain to New Industries
From socializing to hailing a cab to finding our way around, there’s an app to help. Now, there is a new and improved model that is revolutionizing the way we build scalable applications called a DApp, or decentralized application. David Johnston, CEO of the DApp Fund, predicts in his white paper that “decentralized applications will someday surpass the....
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Blockchain is a revolutionary technology which finds application in multiple industries, not just banking and fintech. What are the different applications making the headlines in the recent past? Let us take a look. When you have a decentralized currency, can decentralized marketplaces be far behind? Decentralized marketplaces directly connect buyers and sellers through a software, removing the middleman. The first version of OpenBazaar went live on 3 April 2016. The advantages of decentralized marketplaces are many – no government intervention, tight regulation on sellers or high....
The uses of Blockchain technology is virtually endless, but it will take time for the industries to adopt it. The potential applications of cryptocurrencies and its underlying blockchain technology have been hailed by almost all the industries so far. Blockchain technology is probably the most versatile of all the technologies so far, right after the internet perhaps. Even though its potential applications in various industries has already been endorsed by experts in both cryptocurrency and other fields, there are still doubts among select few. A leading online tech magazine, in one of its....
Blockchain technology is largely associated with the financial sector, but distributed ledger applications have much to offer other industries as well. Deloitte University Press recently released a report titled, “Beyond bitcoin, blockchain is coming to disrupt your industry,” examining blockchain’s application in different industries. Industries besides the financial sector include: media, consumer products, industrial products, automobiles, travel, hospitality, retail, life sciences, healthcare, government, and energy. The report, authored by David Schatsky and Craig Muraskin, reviews....
Bitcoin has opened up a whole new dimension of decentralized applications. The use of blockchain technology is being explored for almost every industry. With the implementation of blockchain technology in every new field, a huge requirement of applications will open up. Development of decentralized applications is easier with the help of existing APIs, frameworks etc. as compared to writing every single piece of code afresh. Crypti is one such platform that makes development of decentralized applications easy. An initiative of Crypti Foundation, Crypti offers APIs and other resources for....
Eris Industries has just announced a strategic collaboration with the hardware service Ledger as a security partner. The alliance is said to bring more solutions to the Eris infrastructure and bring a “strong layer of security” to the development of the company’s enterprise blockchain service. Eris Industries believes the partnership between Ledger and....