Although Bitcoin and cryptocurrency were the first known use of blockchain technology, they are far from the only ones. Blockchain is changing almost every industry. These are just a few examples of blockchain technology in action.
KickCity -A platform for event organizers which allows them to only pay for what they receive and rewards members for sharing the events. With more than 70k users, 300 event hosts and a total of $50k per month, their products generate approximately $50k.
B2Expand -They create cross-gaming games based on the Ethereum blockchain. Their first video game, “Beyond the Void”, was accepted into Ubisoft’s startup program. They are the first gaming company to have a cryptocurrency economy on Steam.
Spotify – When Spotify bought blockchain startup Mediachain Labs, it was to develop solutions through a decentralized database that would better connect artists and license agreements with tracks on Spotify’s service.
Guts – A transparent ticketing system that uses blockchain technology to eradicate ticket fraud and secondary ticket markets.
Matchpool–“Matchmakers” are rewarded for making successful matches whether it’s dating to freelancing to Uber and Airbnb.
Warranty–An application on blockchain that allows customers to quickly access information about their products and receive service in case of malfunction.
Blockpoint–Simplifies the creation of payment systems and allows mobile wallet, loyalty program, gift cards and other point-of-sale functionality.
Loyal–Powered with blockchain and smart contract technology this loyalty and rewards platform allows for more personalized programs and even multi-brand rewards.
Bitcar–Fractionalized ownership of collector cars made possible by a BitCar token.
Supply chains and logistics
IBM Blockchain -Knowing every product in your supply chain, from raw materials to distribution, is crucial. Blockchain for supply chains provides transparency and a shared record of ownership, location and origin of products and parts in real-time.
Food industry – The complex network of food producers, grocers, and retailers makes it difficult to track down food-borne diseases. Blockchain is a way to improve transparency and efficiency in determining what food may be contaminated, and where it might be located throughout the supply chain.
Provenance–Consumers are increasingly demanding transparency regarding the products they purchase and consume to ensure the sourcing of materials and production of products adheres to their individual values. Blockchain is used by Provenance to provide chain-of custody and certification of supply chains.
Blockverify – With a claim of “introduced transparency to supply chains”, Blockverify focuses its efforts on anti-counterfeiting solutions using blockchain to verify counterfeit goods, stolen merchandise, and fraudulent transactions.
OriginTrail – Already in use by the food industry, OriginTrail is slated to add more applications. This platform allows consumers to track where their purchases come from and how they were made.
De Beers –De Beers trades and markets over 30% of the world’s diamond supply. The company will use a blockchain ledger to track diamonds from mine to customer. This transparency will benefit the industry and anyone who wants to confirm that diamonds are conflict-free.
Accenture – Accenture develops blockchain solutions for clients in the insurance industry with goals to improve efficiency and productivity. Accenture transforms key processes in the insurance industry into blockchain-ready procedures that build trust within the system.
Proof of insurance–Nationwide insurance company is currently testing a blockchain solution to provide proof-of-insurance information called RiskBlock. When this tool is fully operational, it will allow law enforcement, insurers, and insured to verify insurance coverage immediately and speed up claims processing.
MedicalChain – The first company to use blockchain technology to enable the storage and usage of electronic health records. This allows for a seamless telemedicine experience. They are actual doctors and intend to reform the UK’s healthcare system.
MedRec -To give medical providers secure access to patient records, MedRec uses Blockchain to cut down on duplication and time. Patients may also be granted anonymized access to their medical records for research purposes.
Nano Vision – Nano Vision is a combination of blockchain and artificial intelligence (AI), which aims to accelerate medical innovation away form traditional data silos. AI analyzes the data and finds trends that can lead to medical breakthroughs.
Gem – Gem is collaborating with the Centers for Disease Control and Prevention in order to test blockchain-based monitoring of infectious diseases.
SimplyVital Healthcare – This platform uses blockchain technology to allow patients and providers to share, access and move their healthcare data.
BitProperty – BitProperty uses blockchain and smart contracts to decentralize society and democratize opportunity. It allows anyone, anywhere in the world (except for the U.S. and Japan because of regulatory concerns) to invest real estate.
Deedcoin – Rather than the 6% typical real estate commission, Deedcoin is based on 1%. It aims to provide a new way for home sellers and buyers to connect with agents who take a lower commission.
Ubiquity–This Software-as-a-Service (Saas) blockchain platform offers a simpler user experience to securely record property information to ensure a clean record of ownership.
BitGive – This gloabal donation platform uses Bitcoin and blockchain technology to give donors greater transparency by sharing real-time financial information and project information. Medic Mobile, Save the Children and The Water Project are just a few charities that use BitGive.
AidCoin -As research has shown that 43% of people do not trust charities, AidCoin hopes for a better trust by using distributed ledgers and smart contracts to make the nonprofit sector more transparent.
Utopi – Charity giving has been stifled by a lack of transparency. Utopi hopes that transparency will improve in nonprofits. Donors can track exactly how each penny is spent when they give via the Utopi platform.
Bitcoin Atom –An updated fork of Bitcoin that makes it possible to exchange cryptocurrencies easily without trading fees or hacks. This makes Bitcoin truly decentralized. This technology uses atomic swaps, which are a valuable tool for exchanging one cryptocurrency with the other (e.g. The technology is based on atomic swaps, which are a powerful tool for exchanging one cryptocurrency with another (e.g. 1000 BTC with 56500LTC) without the need of a trusted third party. However, widespread adoption of atomic Swaps is currently prevented by their technical requirements. Bitcoin Atom will fix this problem.
Securrency – This is a trading platform that allows cryptocurrencies and other assets, including those which are traditionally ineligible, to be traded through Securrency tokens. This allows cryptos and other assets to be traded beyond their designated exchanges.
Ripple – Ripple is a global payment provider that connects banks, payment providers and corporations to enable instant, on-demand settlement worldwide.
ABRA – A global app and cryptocurrency wallet which allows you to store, buy and invest in 20 crytopcurriences such as Bitcoin, ethereum and litecoin.
Aeternity – This highly scalable blockchain platform is suitable for all applications that require high transaction speeds, including smart contracts created from chain and micro payments.
Smart Valor – Smart Valor is a platform that democratizes global wealth and investment opportunities.
Circle – Send money by text with no fees to this UK-based business.
There are many blockchain innovations available. It was difficult to choose which ones to highlight. (Check out my previous post for more examples). Many of these innovations are disruptive, and it will be fascinating to see how many will survive the initial hype phase. If the dot-com boom was anything to go by, there will be many casualties in short term but severe disruptions in medium and long term. This is an amazing space to be aware of.