Though mobile applications are increasingly simplifying operations across businesses, apps are still not as efficient as expected. There are potential security vulnerabilities and bottlenecks concerning real-time data access. This is where Blockchain decentralized database technology brought a new promise and opened up a new horizon of opportunities.
Blockchain remains no longer just a buzzword for the tech world. It has played an instrumental role in the emergence of cryptocurrencies as a major force for the financial world. Blockchain-based smart contracts are now widely used to secure agreements, business deals, and transactions.
Naturally, businesses are always after the innovative Blockchain-based app ideas to fuel growth and offer smarter solutions to their customers. Below, we will discuss some of the most innovative app ideas that Blockchain development company will find lucrative for their future projects.
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Blockchain-based Crowdfunding App
In the beginning, Crowdfunding was considered a unique way to gather funds for innovative projects that could not find enough investment. But over the years, many crowdfunding platforms could not do well because of the lack of accountability. It is found that the vast majority of crowdfunding platforms delay delivery while a significant number of them just fail to deliver.
Thanks to a Blockchain-based data register that keeps everybody informed in real-time, knowing the destination of the money being sent and track credibility. Apart from well-informed decision-making, the project’s backers can send money instalments based on progress. On the other hand, a Blockchain-based smart contract will prevent the company from spending money until progress is achieved.
Blockchain-based Supply Chain Management App
The Blockchain-based distributed ledger also helps manage complex and multilayered supply chains more efficiently. Several leading companies like IBM and Samsung have already started to utilize Blockchain for their supply chain and business logistics.
Some of the key advantages offered by Blockchain-based supply chain management apps include several crucial ones. The optimum transparency regarding supply chain information shared across manufacturing units, warehouses, and retailers will reduce resource wastage. On the other hand, reliable authentication and tamper-proof data handling will prevent mischief with products in transport. Lastly, transactions will be faster and more secure.
The electoral process in many countries suffers from a lack of accountability, and this is one of the ke6 areas where Blockchain can play a really positive role. The voting process is not just complex but also tremendously time and resource-consuming. Moreover, vulnerabilities to manipulation further enhance the risk of re-election.
Fortunately, Blockchain technology has emerged with its era-defining role to make the voting process more secure, transparent, and efficient. Already we have several super-efficient government voting apps such as Voatz and My Vote to do away with manipulation in the vot8ng process. Some of the key advantages of Blockchain-based apps for voting processes include voting with tamper-proof anonymous ballots, full-proof security against manipulation and fraudulent activities, a fully auditable voting process, and ease of accessing data for scrutiny.
Peer-based Ridesharing App
The vast majority of cab service apps, including the big ones like Uber or Lyft, are run by aggregator services working as the middleman in facilitating communication between the drivers and the users.
There are small cities and many locations where Uber or similar cab services are not available. Blockchain-based peer-to-peer carpooling may be a better alternative for these situations and locations. Thanks to Blockchain-based real-time data sharing, the drivers and users can contact each other without an intermediary.
Item Identification App
Fake and counterfeit products make a big concern for the top brands across all niches. People are generally attracted to them because of their cheaper price tag and easy availability. But brands need to identify such items and take legal actions. Thanks to Blockchain, detecting fake and counterfeit items has become easier than ever before.
A Blockchain connected 2D barcode placed on the product is all they need to detect fake and counterfeit items. Such barcodes are easily scannable through the handheld device that can instantly recognize the original item. Such an app can be a game-changer for many brands fighting counterfeit products tooth and nail.
Non-Fungible Tokens (NFTs) App
Non-Fungible Tokens (NFTs) or digital tokens have emerged as another trending way to make smart transactions after the cryptocurrency boom. Powered by Blockchain, NFTs can represent any digital product ranging from game characters to music and videos to digital art to GIFs.
You can just build an app for creating digital assets and items of interest and subject them to global transactions through NFTs. Already there are credible stories of game character designers making millions by selling their digital products against NFTs. It’s an idea that is fast catching up with people’s imagination who spend a lot of time on digital media and channels. Your hidden content creator can turn out a millionaire through NFTs. At least anyone can give it a try.
Blockchain-based Medical Record App
Modern healthcare systems rely on real-time information for faster and better care, crucial for saving lives. This is where a powerful Blockchain based medical record-keeping app can do wonders by keeping doctors, nurses, and other professionals informed about the real-time patient status and medical data.
The ability to view complete and accurate medical records through a Blockchain-based healthcare app can also ensure access to data by only authorized professionals. Some governments around the globe have already started to use Blockchain for healthcare data management. This can be a game-changer for the healthcare industry in the long run.
Many of these app ideas involving Blockchain technology have already been pursued by industry leaders across the niches. Blockchain has just started to penetrate other sectors beyond its habitual focus area, the finance industry. The Blockchain-based mobile apps will spearhead the growth of the technology for different sectors.