Just imagine a company or an organization which isn’t controlled by an individual or a central entity. The Decentralized Application or the DApp which is one of the novel idea emerging from the concept of the blockchain development. Armed with self-executing smart contracts and all the new things about technology which can be very helpful for today’s businesses as well as for services to the government.
We can even say bitcoin can be the first DApp, as it is fully open-source, rewards the contributor. It even runs without a central authority and uses blockchain technology to help its use as an online currency.
The future innovators are now seeking to apply these principles to a variety of online services they believe could be built in DApp format. DApps are growing in number and many now exist in various stages of completeness, from the conceptual model to a working prototype and also even functional platform.
Ethereum blockchain and it’s native digital currency Ether are proving perhaps the most widely used tools for DApp building, as its network is specifically built for the purpose and the Ethereum foundation, its trade organization overseeing development.
Let’s check some of the apps which are developed on Ethereum Blockchain.
Enrich the web
This project brings Google Street view to life by making users unable to take 30-second video clips of restaurants, hotels, places, events and more to share with others around the world.
The user just needs a smartphone and by answering they can earn bitcoin or even Vevue equity tokens in selected areas.
Building Virtual Worlds
This is basically a Minecraft like the virtual world in which players can own tiles, ‘farm’ them for blocks and can build things. In this entire state of the world is held in and all player actions are made through the decentralized blockchain.
Until now it points out, all virtual worlds have been controlled by a single entity. All aspects of Etheria, on the other hand, are well agreed upon by the participants of the Ethereum network without the central authority.
In this digital age, the increased risk of a financial crime arising from fraud and identity theft demonstrates the importance of a reliable means to safeguard the individual’s identity. The service which is currently under construction utilizes the existing KYC regulations and they do the process of identification for businesses to onboard new customers.
KYC-Chains employs Ethereum and will work primarily via the use of “Trusted gatekeepers”, who can be any individual or legal entity permitted by law to authenticate KYC documents. Like a trusted gatekeeper would perform an individual check on a user’s ID using KYC-Chain’s platform and authenticate them. The files can be stored in a distributed database system, which can later be retrieved as a trusted gatekeeper to demonstrate with certainty that the ID is genuine or not.
Helping developing businesses
The donors would be able to use the DApp to fund small businesses using digital currency. Its vision is to empower individuals, businesses and markets by delivering financial inclusion and supporting change. As well as providing 100% unsecured debt funding to self-employed informal market traders, This provides micro-consulting and business training to increase customer skill levels and business knowledge.
Being decentralized means no central entity controls what is being published and once a message is posted, it can only be removed by the publisher. Further, accounts can receive donations in Ether, which can be an incentive to run provide content via the platform.
When complete, it will be a reciprocity-based web platform with which individuals can contribute to the art community and be rewarded through “alternative means”. Artists will be able to create their works for free, and both users and artists can be rewarded through tips and donations, comments and reviews, share or exchange proposals. Any revenues earned by the organizations will be distributed according to the “reputations” of the users. As a DApp, Amplitative art will be a transparent cooperative in which users would collaborate, receive rewards and take part in the decision making process.