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While Bitcoin and cryptocurrency may have been the first widely known uses of blockchain technology, today they are far from the only one. Indeed, blockchain is revolutionizing most industries. Here are some practical examples of blockchain technology.
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Fun
KickCity– Platform for event organizers that allows them to pay only for what they receive and reward community members by sharing those events. Their products generate around $ 50,000 a month with over 70,000 users and 300 event hosts.
B2Expand– Based on Ethereum's blockchain, they create cross-gaming video games. Their first videogame "Beyond the Void" entered the Ubisoft launcher and they are the first game company on Steam to have an encrypted economy.
Spotify-When Spotify acquired startup blockchain Mediachain Labs was to help develop solutions through a decentralized database to better connect artists and license agreements with tracks on the Spotify service.
Guts-A transparent ticketing ecosystem that uses blockchain technology to eliminate ticket fraud and secondary ticket market.
Social involvement
Matchpool– The "Matchmakers" are rewarded for having successful matches whether they are attending freelance at Uber or Airbnb.
Retail
Warranteer-A blockchain application that allows consumers to easily access information about the products purchased and get assistance in case of product malfunction.
Blockpoint– Simplifies the creation of payment systems and allows the mobile wallet, loyalty program, gift cards and other features of the point of sale.
Loyyal– Powered by blockchain and smart contract technology, this loyalty and rewards platform creates multiple custom programs that also allow multi-brand rewards.
Exotic cars
Bitcar– Fractional piece of collector's machines made possible by a BitCar token.
Provide chains and logistics
IBM Blockchain– Knowing the status and conditions of each product in the supply chain from raw materials to distribution is essential. Blockchain for supply chains allows transparency with a shared record of ownership and position of parts and products in real time.
Food industry-The complex network of the food industry from farmers to grocers makes it difficult to trace diseases transmitted by food. Blockchain can improve the transparency and efficiency of discovering which foods could be contaminated and where along the entire supply chain.
provenance– Consumers are increasingly demanding as regards the transparency of the products they buy and consume to ensure that the supply of materials and the production of products respect their individual values. Provenance uses blockchain to provide the chain of custody and certification of supply chains.
Blockverify-With the statement of "introducing transparency in supply chains", Blockverify focuses on anti-counterfeiting solutions using blockchain to verify counterfeit products, diverted goods, stolen goods and fraudulent transactions.
OriginTrail– Already in use in the food industry, more applications are planned for OriginTrail, a platform that allows consumers to know where the purchases come from and how they were produced.
De Beers-De Beers designs, markets and sells over 30% of the world's diamond supply. The company plans to use a blockchain ledger to trace diamonds from the mine to the customer's purchase. This transparency will help the industry and anyone who wishes to verify, confirming that the diamonds are not in conflict. Gems of Fura also plans to use blockchain in its process of supplying emeralds, rubies and other precious stones.
Insurance
Accenture-With goals to increase efficiency and productivity in the insurance sector, Accenture creates blockchain solutions for its insurance customers. They translate key insurance industry processes into blockchain-ready procedures that incorporate trust in the system.
Proof of insurance– The national insurance company is currently testing a blockchain solution to provide information on the insurance trial called RiskBlock. In the end, when this tool is fully implemented, it will help order forces, insured parties and insurers to check insurance coverage in real time and to speed up the processing of requests.
Health care
MedicalChain-The first healthcare company that uses blockchain technology to facilitate the storage and use of electronic medical records in order to offer a complete telemedicine experience. They are real doctors practicing in the UK healthcare facility and want to change the system from within.
MEDREC-To give any doctor secure access to patient records, MedRec uses blockchain to save time, money and duplication in procedures between a variety of facilities and suppliers. Patients could also have great access to their anonymous medical records to be used for research.
Nano Vision-Createning to catapult medical innovation away from traditional data silos and incompatible record systems, Nano Vision combines the power of blockchain with artificial intelligence (AI) to collect data at the molecular level on nano token. The IA then analyzes the data to find trends and analyze the connections that will lead to medical breakthroughs.
gem– With the goal of providing patients with control of their medical records and genomic data using a blockchain solution, Gem also collaborated with Centers for Disease Control and Prevention to test the use of blockchain for monitor infectious diseases.
SimplyVital Health-This platform is based on blockchain technology that allows providers and patients to access, share and even move their health data.
Real Estate
BitProperty-Using blockchain and smart contracts, BitProperty wants to democratize opportunities and create a decentralized company by allowing anyone in the world (except the United States and Japan due to regulatory issues) to invest in real estate.
Deedcoin-Rather than a typical 6% real estate commission, Deedcoin runs at 1% and hopes to be the new way for home buyers and sellers to connect with real estate agents who accept a lower commission.
Ubiquity-This Software-as-a-Service blockchain platform (Saas) offers a simpler user experience to securely record property information to ensure a clean record of ownership.
Charity
BitGive -This gloabal donation platform uses Bitcoin and blockchain technology to provide greater transparency to donors by sharing financial and project information in real time. Save the Children, The Water Project and Medic Mobile are some of the charities that work with BitGive.
AidCoin-When research shows that 43% of people do not trust charities, AidCoin hopes to improve that trust with distributed registries, smart contracts and cryptocurrencies and make the nonprofit sector more transparent.
Utopi-The lack of transparency has plagued charitable donations, but Utopi hopes to improve the transparency of non-profit organizations. When donors use the Utopi platform they can see exactly how every cent is spent.
Financial services
Bitcoin Atom – A new Bitcoin fork that allows everyone to easily exchange cryptocurrencies without trading costs and without exchange hacks, making Bitcoin truly decentralized again. The technology is based on atomic swaps, a valuable tool to exchange a cryptocurrency with another (for example 1000 BTC with 56500 LTC) and without the need for a reliable third party. But at present the widespread adoption of atomic swaps has been prevented because they require highly technical skills; something that Bitcoin Atom will solve.
Securrency-This is a trading platform for cryptocurrencies and any type of asset that includes traditionally illiquid assets to be traded with Securency tokens. This allows the encrypted to be exchanged outside their dedicated exchanges.
Ripple-Ripple intends to be a global payment solutions provider linking banks, payment service providers, corporations and digital goods exchanges to allow instant on-demand settlement globally.
A BRA-A global app portfolio and cryptocurrency that allows you to buy, invest and store 20 crytopcurriences including Bitcoin, ethereum, litecoin and more.
Aeternity-This highly scalable blockchain platform can be used for any application that requires a high transaction speed, including smart contracts that are created off-line and nano and micro payments.
Smart Valor– With the mission of making global investments simple, fair and accessible to all, Smart Valor democratizes access to global wealth and investment opportunities.
Circle-Send money via SMS with no commissions thanks to this company based in the United Kingdom.
There are so many blockchain innovations out there that it was a challenge to find out what to highlight (check out my previous post for more examples of blockchain). Many of these are potentially disruptive and it will be interesting to observe how many of these will survive this initial phase of hype. If the initial dot com boom is something to be done, then there will be many victims in the short term, but serious interruptions in the medium and long term. An incredible space to watch.
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While Bitcoin and cryptocurrency may have been the first widely known uses of blockchain technology, today they are far from the only one. In fact, blockchain is revolutionizing most industries. Here are some practical examples of blockchain technology.
Fun
KickCity platform for event organizers that allows them to pay only for what they receive and reward community members by sharing those events. Their products generate around $ 50,000 a month with over 70,000 users and 300 event hosts.
Based on Ethereum's blockchain, B2Expand creates cross-gaming video games. Their first videogame "Beyond the Void" entered the Ubisoft launcher and they are the first game company on Steam to have an encrypted economy.
Spotify: when Spotify acquired the blockchain startup Mediachain Labs was to help develop solutions through a decentralized database to better connect artists and license agreements with tracks on the Spotify service.
Guts: transparent ticketing ecosystem that uses blockchain technology to eliminate ticket fraud and the secondary ticket market.
Social involvement
Matchpool – The "Matchmakers" are rewarded for having a successful match, whether you meet freelance at Uber or Airbnb.
Retail
Warranteer: a blockchain application that allows users to easily access information about the products purchased and obtain assistance in case of product malfunction.
Blockpoint: simplifies the creation of payment systems and allows the mobile wallet, loyalty program, gift cards and other features of the point of sale.
Loyyal: powered by blockchain technology and smart contract, this loyalty and reward platform creates more personalized programs that also allow multi-brand rewards.
Exotic cars
Bitcar: fractional ownership of collector's machines made possible by a BitCar token.
Provide chains and logistics
IBM Blockchain: knowing the status and conditions of each product in the supply chain, from raw materials to distribution is essential. Blockchain for supply chains allows transparency with a shared record of ownership and position of parts and products in real time.
Food industry: the complex network of the food sector, from farmers to grocers, makes it difficult to trace diseases transmitted by food. Blockchain can improve the transparency and efficiency of discovering which foods could be contaminated and where along the entire supply chain.
Provenance-Consumers are increasingly demanding transparency regarding the products they purchase and consume to ensure that the materials supply and production of products conform to their individual values. Provenance uses blockchain to provide the chain of custody and certification of supply chains.
Blockverify: with the claim to "introduce transparency in supply chains", Blockverify focuses on anti-counterfeiting solutions using blockchain to verify counterfeit products, diverted goods, stolen goods and fraudulent transactions.
OriginTrail: already in use in the food industry, there are more applications for OriginTrail, a platform that allows consumers to know where they come from and how they were produced.
De Beers-De Beers extracts, markets and sells over 30% of the world's diamond supply. The company plans to use a blockchain ledger to trace diamonds from the mine to the customer's purchase. This transparency will help the industry and anyone who wishes to verify, confirming that the diamonds are not in conflict. Fura Gems also plans to use the blockchain in its process of supplying emeralds, rubies and other precious stones.
Insurance
Accenture: with the objectives to increase efficiency and productivity in the insurance sector, Accenture creates blockchain solutions for its insurance customers. They translate key insurance industry processes into blockchain-ready procedures that incorporate trust in the system.
Proof of insurance: the national insurance company is currently testing a blockchain solution to provide information on the proof of insurance called RiskBlock. In the end, when this tool is fully implemented, it will help order forces, insured parties and insurers to check insurance coverage in real time and to speed up the processing of requests.
Health care
MedicalChain: the first healthcare company that uses blockchain technology to facilitate the storage and use of electronic medical records in order to offer a complete telemedicine experience. They are real doctors practicing in the UK healthcare facility and want to change the system from within.
MedRec: To provide any medical provider with secure access to patient records, MedRec uses blockchain to save time, money and duplication in procedures between a variety of facilities and suppliers. Patients could also have great access to their anonymous medical records to be used for research.
Nano Vision: Trying to catapult medical innovation away from traditional data silos and incompatible record systems, Nano Vision combines the power of blockchain with artificial intelligence (AI) to collect data at the molecular level on nano token . The IA then analyzes the data to find trends and analyze the connections that will lead to medical breakthroughs.
Gemma: with the goal of providing patients with control of their medical records and genomic data using a blockchain solution, Gem has also collaborated with Centers for Disease Control and Prevention to experiment with the use of blockchain to monitor infectious diseases.
SimplyVital Health: this platform is based on blockchain technology that allows providers and patients to access, share and even move their health data.
Real Estate
BitProperty: using blockchains and smart contracts, BitProperty wants to democratize opportunities and create a decentralized company by allowing anyone in any part of the world (except the United States and Japan due to regulatory issues) to invest in real estate.
Deedcoin-Rather than a typical 6% real estate commission, Deedcoin runs at 1% and hopes to be the new way for home buyers and sellers to connect with real estate agents who accept a lower commission.
Ubiquity: this software-as-a-service blockchain platform (Saas) offers a simpler user experience to securely record property information to ensure a clean record of ownership.
Charity
BitGive: this gloabal donation platform uses Bitcoin and Blockchain technology to provide greater transparency to donors by sharing financial and project information in real time. Save the Children, The Water Project and Medic Mobile are some of the charities that work with BitGive.
AidCoin-Since research shows that 43% of people do not trust charities, AidCoin hopes to improve that trust with distributed registries, smart contracts and cryptocurrencies and make the nonprofit sector more transparent.
Utopi: lack of transparency has plagued donations, but Utopi hopes to improve the transparency of non-profit organizations. When donors use the Utopi platform they can see exactly how every cent is spent.
Financial services
Bitcoin Atom: a new Bitcoin fork that allows everyone to easily exchange cryptocurrencies without trading costs and without exchanging hackers, making Bitcoin truly decentralized again. The technology is based on atomic swaps, a valuable tool to exchange a cryptocurrency with another (for example 1000 BTC with 56500 LTC) and without the need for a reliable third party. But at present the widespread adoption of atomic swaps has been prevented because they require highly technical skills; something that Bitcoin Atom will solve.
Securency: it is a trading platform for cryptocurrencies and any type of resource that includes traditionally illiquid assets to be exchanged with Securency tokens. This allows the encrypted to be exchanged outside their dedicated exchanges.
Ripple-Ripple aims to be a global payment solutions provider by linking banks, payment service providers, companies and digital goods exchanges to enable instant on-demand settlement globally.
ABRA-A global app portfolio and cryptocurrency that allows you to buy, invest and store 20 crytopcurriences including Bitcoin, ethereum, litecoin and more.
AETERNITY: This highly scalable blockchain platform can be used for any application that requires a high transaction speed, including smart contracts created off-line and nano and micro payments.
Smart Valor: with the mission of making global investments simple, fair and accessible to all, Smart Valor democratizes access to global wealth and investment opportunities.
Circle: send money via SMS with no commissions, thanks to this company based in the United Kingdom.
There are so many blockchain innovations out there that it was a challenge to find out what to highlight (check out my previous post for more blockchain examples). Many of these are potentially disruptive and it will be interesting to observe how many of these will survive this initial phase of hype. If the initial dot com boom is something to be done, then there will be many victims in the short term, but serious interruptions in the medium and long term. An incredible space to watch.
