- Banking and Payments
- Cyber Security
- Supply Chain Management
- Networking and IOT
- Private Transport and Ride Sharing
- Online Data Storage
- Public Benefits
- Energy Management
- Online Music
- Real Estate
Blockchain can empower enterprises to:
- Leverage the power of your ecosystem to do things faster with greater trust
- Vastly reduce the cost and complexity of cross-enterprise business processes
- Open the door to invent new styles of digital interactions
- Reduce friction and inefficiencies in the market, freeing up capital
- Create cost-efficient business networks where virtually anything of value can be tracked and traded—without requiring a central point of control
Examples of areas where blockchain is currently being applied:
- Authorship and ownership
Example: Ascribe helps artists and creators to attribute digital art via blockchain. Ascribe’s marketplace allows to generate digital editions with a unique ID and a digital certificate of authenticity to prove provenance and authenticity. It also allows to accept consignments from artists and transfer digital works to collectors with all the terms and legals.
- Cannabis (cash-heavy businesses)
Example: Serica allows entrepreneurs to establish their business legitimacy through the largest network of verified customers in order to grow conversions, registrations, memberships and average order sizes. Serica’s Secure Socket Layering Technology encrypts all communications between a user’s personal wallet and Serica. Serica uses the blockchain in order to track and record every purchase of medical marijuana, providing businesses an easy way to accept payments online.
Example: The Real Asset Company enables individuals around the world to buy gold and silver bullion securely and efficiently. The company’s investor-friendly platform sits on top of global vaulting infrastructure, providing an online account for buying gold and silver and holding precious metals. Goldbloc, the company’s gold-backed cryptocurrency adds an additional layer of transparency and control to users’ gold investment.
- Data management
Example: Businesses and governments can use Factom to simplify records management, record business processes and address security and compliance issues. Factom maintains a permanent, time-stamped record of data in the blockchain that allows companies to reduce the cost and complexity of conducting audits, managing records, and complying with government regulations.
Example: Everledger provides an immutable ledger for diamond identification and transaction verification for various stakeholders, from insurance companies to claimants and law enforcement agencies. Everledger assigns a “digital passport” to each diamond that will accompany each stone as it is transacted and creates a unique fingerprint.
- Digital identity, identification & authentication
Example: By combining the decentralized blockchain principle with identity verification, a digital ID can be created that would act as a digital watermark which can be assigned to every online transaction of any asset.
Example: Energy Blockchain Labs develops a range of energy-based Internet technologies based on blockchain technology, covering energy production, consumption, trading, management and other links.
Example: Follow My Vote offers a secure and transparent online voting solution that uses blockchain technology and elliptic curve cryptography to ensure that election results are honest and accurate. The company is developing an online open source voting platform that provides transparency into election results by allowing voters to independently audit the ballot box.
- Gaming & gambling
Example: Etheria is a virtual world in which players can own tiles, farm them for blocks and build things. The entire state of the world is held in and all player actions are made through the decentralized, trustless Ethereum blockchain.
- Government & organizational governance
Example: Advocate is another interesting case – the company has built a platform to reshape the way citizens interact with their government representatives. Advocate is the only “always on” platform that works in both campaign and governance (coming soon) phases of government ensuring continuity amongst supporters and reducing the need to campaign in cycles.
Example: Built on the Ethereum blockchain, the registry stores the identities of physical items, initially consumer goods and collectibles embedded with BLE and NFC microchips. In doing so, a secure, interoperable digital identity is established and new, proximity-based consumer engagement opportunities become possible. Chronicled has open-sourced the project under the Apache License.
- Job market
Example: Verbatm is a blockchain-powered protocol that enables people to provide their credentials without the requirement for third-party verification.
- Market forecasting
Example: Augur.net allows users to trade on the outcome of events, and for the market to then leverage that crowdsourced information. Augur plans to use decentralized public ledgers to create a way for anyone in any field, from finance, healthcare and governance, to tap into the collective forecasting power of a global user base.
- Media & content distribution
Example: JAAK is a smart content platform where anyone can join and earn rewards, collect, promote and share media and contribute to the network.
- Network infrastructure
Example: Ethereum can be used to codify, decentralize, secure and trade just about anything: voting, domain names, financial exchanges, crowdfunding, company governance, contracts and agreements of most kinds, intellectual property, and even smart property thanks to hardware integration.
- Philanthropy transparency & community service
Example: BitGive Foundation, a donation platform for nonprofits to provide transparency and accountability to donors by sharing financial information and direct project results in real time.
- Real estate
Example: UBITQUITY offers a simple user experience for securely recording, tracking, and transferring deeds with its SaaS blockchain platform. The company is helping real estate, title, and mortgage companies benefit from a clean record of ownership, reducing future title search time, increased confidence, and transparency.
- Reputation verification & ranking
Example: ThanksCoin is the reputation ranking of Internet users and monetary reward according to the value of reputation. Based on Ethereum which is a decentralized platform that runs smart contracts.
- Ride-sharing services (sharing economy 2.0)
Example: If you can authenticate a driver or rider without Uber, which is what very early-stage players Arcade City and La ‘Zooz are hoping to offer, Uber and Lyft become unnecessary for drivers to share their profit with.
- Social networks
Example: Decentralized social networks are going to become the norm, based on the reward incentives they will work. <…> A generation is starting that may never use Facebook because they can’t understand the concept of feel good likes over monetary likes.
- Supply chain certification in the food industry
Example: Provenance prototype model details four key properties concerning all materials and consumables it covers: the nature (what it is), the quality (how it is), the quantity (how much of it there is) and the ownership (whose it is at any moment). Key attributes may be read and linked from pre-existing datasets such as barcodes, or newly ascribed along the way.
Blockchain: Understanding The Hype.