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15 crazy and surprising ways people are using blockchain.


Mar 29, 2018 Posted /  928 Views


15 crazy and surprising ways people are using blockchain.

1.Keeping a record of sexual consent.

In January 2018, Amsterdam-based startup LegalThings launched a beta version of an app called LegalFling, which uses blockchain technology to verify sexual consent. The app goes beyond recording whether a user has consented to have sex. A user can specify requirements and whether certain practices are OK with them, from sharing photos and videos to using a condom. Then they send a message request to a sexual partner, who decides whether to accept or decline the terms of the interaction. The person’s acceptance gets recorded on the blockchain so that neither party can tamper with that record after that time.


 

2. Addressing voter fraud.

Digitising the election process through the application of Blockchain has helped the election process be hassle free through a faster, cheaper, and more accessible electoral process which in turn leads to increase in the voter turnout and help create a stronger democracy. This implementation is already been used in the internal party elections of Denmark and for corporate shareholders voting in Russia. The identity theft problem is eliminated in this methodology of polls.

 

3.  Trading commodities.

Blockchain has the potential to eradicate paper trails in business transactions and trade finance. It eliminates the slow and inefficient process of sending the paper back and forth while adding a layer of error protection. Blockchain-based energy (crude oil) trades have already occurred, and metals trading could be next. By late 2018, a blockchain-based physical commodity transaction platform formed by BP, Shell, ING and other entities is expected to be fully operational.

 

4. Sharing the solar power.

In Brooklyn people can monetize the renewable electricity they’re generating by selling some of that power to their environmentally conscious neighbors via blockchain. Startup LO3 Energy, in partnership with Siemens, is testing this capability through an app called Brooklyn Microgrid. Consumers with solar panels can sell environmental credits to other residents who wouldn’t otherwise have access to solar power, without going through an intermediary (other than the app itself) or utility company. Consumers control their transactions, and the meters are directly connected to the power trades to register.

 

5. Buying virtual cats.

Most of the people are obsessed with cats.

Now you don't have to worry about your kitty dirtying the house, and the virtual kitties are here. In late 2017, a game called CryptoKitties debuted and generated more than $1.3 million in transactions of virtual cats in just over a month. A studio called AxiomZen created the phenomenon, powered by the Ethereum cryptocurrency blockchain. Cat breeding also occurs in the game, which influences pricing. As of Jan. 22, 2018, there have been 268,341 sales of CryptoKitties and 210,469 unique kitties sold.

 

6. Tracking the Thanksgiving Turkeys.

For Portlandia types concerned about the origins of their food, international food conglomerate Cargill presented a solution this past Thanksgiving. Turkeys distributed from select farms featured packaging printed with a tracking code, and buyers could go online, type in the code and learn about their bird. The online profile was complete with photos, information about the farm where the turkey was raised and even a message from the farmer. While it's a cute idea, it has some utility -- it also helped the company with tracking in the event of a food safety incident such as the need for a pinpointed recall.

 

7. Converting a person's time into special currency.

Startup founder Evan Prodromou came up with a solution to keep all of the people at bay who asked if they could “pick his brain” -- he created a cryptocurrency called Evancoin on the Ethereum blockchain platform. The Fuzzy.ai co-founder spearheaded an initial coin offering (ICO) for Evancoin on Oct. 1, 2017, selling 20 hours worth at $15 each. But Prodromou didn’t commodify all of his time, just professional time. Fortunately for his family, they don’t have to pay to get him to join them at the dinner table or anything like that.

 

8. Tracking dental records.

Given that blockchain is an ultra-secure record-keeping system, a logical application for the technology is medical records. Several companies and healthcare organizations have delved into this idea, but it can get extremely recessive.

 

9. Creating and playing games.  

Various companies are using blockchain to create new kinds of digital and analog games. Companies incorporate blockchain to help developers manage game worlds and secure, share and trade their virtual assets. Further, game developers can create their currencies within their games.

 

10. Tracking people's work and rewarding accordingly.

If blockchain can accurately track the movement of physical products and virtual currency, it can also track people and the work that they do to boost efficiency.Companies could also set up automatic payments through this type of platform, Medina explains, once work is completed.

 

11. HR industry.

The service matches employers with shift-workers and serves as the workers’ employer and benefits manager. The platform has incorporated blockchain to boost security and compliance, reduce human error in screening and identify fraud. It also allows employers and auditors to verify employment dates and candidate’s credentials.

 

12. Experimenting with the business model for online media.

Online media is an increasingly financially challenging business, as major platforms such as Google and Facebook consume a significant proportion of advertising revenue and readers, spoiled for years with free access, are reluctant to pay for subscriptions to read web content.

 

13. Rewarding customers with loyalty points.

From banks to travel companies to retailers, blockchain technology has the potential to help issuers track loyalty points accurately. It also has the potential to centralize or universalize a range of programs into one “wallet.”

 

14. Proving personal identities.

Imagine if verifying your identity didn’t require keeping track of and presenting a range of antiquated documents, such as a birth certificate, social security card or passport. Imagine you could centralize all of that data about yourself, as well as, say, your login information to your favorite online services.

 

15. Preventing counterfeit.

Imagine a registry that tracks every item ever produced in a single product line, via encrypted smart tags permanently embedded in products. Being a blockchain system, it will follow all owners of a product throughout its history, but in a way that maintains the privacy of those owners and their personal information.


 

People are experimenting Blockchain's potential by trying to incorporate it every field possible.


 


Applancer is an open platform for discussion on all things like Blockchain , Cryptocurrency and Ico news updates. As such, the opinions expressed in this article are the author's own and do not necessarily reflect the view of Applancer .

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