interesting blockchain projects
Blockchain technology can be applied to many different areas, and companies are already investing in the future of blockchain. This article focuses on projects that will really use blockchain technology. The ICON project is our #1 pick and we believe it could potentially bring blockchain adoption to the masses as Google and Facebook did with the internet and social media.
It’s important to note that these coins won’t all be circulating or used during normal transactions because they’re mainly reserved for building partnerships between other businesses and universities/other organizations who have been involved in creating this network. The ICX coins will be reserved for paying transaction fees to these businesses, and it gives businesses a good incentive to get on board because there will be less competition in the long term. If you’re interested in the ICON project then please research more about it and join their community (links below). Even if this particular coin doesn’t do well we think blockchain technology is very promising.
What is the concept of ICON? [to use as knowledge, not to be copied verbatim]:
ICON is a South Korean company that has been developing blockchain technology since 2016. It’s one of many companies competing with other projects such as Ethereum, NEO, and EOS who are looking to create the perfect blockchain ecosystem which businesses can use. ICON is unique because it uses a proprietary blockchain technology called loopchain and has already partnered with existing companies to create their ecosystem so they have a very promising future. When a new company joins the network, ICX coins are used as transaction fees for other businesses on the network so any business joining this network at launch will have zero transaction costs while still being able to participate in partnerships and projects started by the ICON team.
The Use Case [to use as knowledge, not to be copied verbatim]:
ICON isn’t just aiming to disrupt one area of our lives but instead wants to become part of all aspects of our lives – from banking to healthcare. Many people think that if blockchain does become mainstream then it will kill a lot of companies and businesses that rely on bank fees, transaction costs, or pointless paperwork. Banks could be put out of business due to ICON’s blockchain technology because it can be used for transactions between people from different countries instead of using banks. This way money becomes decentralized and unnecessary transaction costs get removed from the system saving money for users while still making it easy to transfer value around.
ICON wants to take over many traditional roles by becoming a platform where all parties involved have equal value in an interaction – since blockchain is a decentralized network there should no longer be a need for middlemen who just charge us more money. For example, if you go into a shop and buy something then your payment would go through without needing to pay a hefty transaction fee, and the store also doesn’t need to pay any fees when they sell something. This is just one example of how ICON is planning to become a normal part of our lives.
How does the project actually work? [to use as knowledge, not to be copied verbatim]:
ICON has already signed agreements with banks and universities in Korea which is helping them collaborate on many different projects. These partners will essentially be building new features for this blockchain ecosystem and it gives existing companies involved with ICON an advantage over their competitors because they’ll have better access to partners and can build more relationships faster than other businesses who aren’t involved. It’s important that large companies still maintain control of their own business unlike how blockchain can make banks obsolete and centralized companies lose power.
ICON wants to create a one-stop-shop when it comes to blockchain technology with many different aspects of our lives able to be improved by this ecosystem. For example, if you’re in debt then they want ICON to become part of that process where you can trade your debt with other people on the network instead of having huge interest rates add up which is currently how it works today – we don’t need banks getting rich off our debts! One day we could see decentralized global markets built on top of their blockchain so there’s no need for middlemen like eBay or Alibaba and everyone has access directly from their wallets. This will not only benefit us but also help businesses grow their trade even more which is also beneficial for creating a better economy. ICON can create a huge ecosystem where business deals are transparent and fair so it’s only the best deals that survive the competition – this would help to prevent monopolies from forming as blockchain technology becomes mainstream as well as stop unfair deals from happening in the first place.
I consider ICON to be one of the most undervalued cryptocurrencies on the market today but its price won’t stay low forever, especially with how many practical use cases there are for their blockchain technology once it takes off and becomes mainstream. This is why its partnerships and existing user base could give it an edge over other cryptocurrencies and eventually make it one of the top coins available for people to invest in because not only does it have a unique purpose in the world but it’s still very early days for their technology.
Blockchain can make different industries more transparent and this start-up is aiming to decentralize everything by becoming the new norm when it comes to global business practices. Once ICON becomes mainstream then businesses will be able to do many important things that are currently not possible using conventional methods – only time will tell when blockchain starts playing an even bigger role in our lives one day, with ICON at the forefront of building this ecosystem.
Now let’s talk about some of the problems which face our modern society today:
the centralized banking system where wealthy people get free money printed by banks while everyone else pays ridiculous interest rates on debts;
the concept of our identities being paid to large companies so they can sell your data to the highest bidder;
social media platforms where businesses have too much power and influence with no regulations against these practices.
These are just a few of the problems that blockchain technology is trying to solve which I believe in a few years from now it will become mainstream, especially after cryptocurrencies become widely accepted as forms of payment. Governments all over the world will have no choice but to accept this new innovation because it cannot be stopped – people will simply stop using fiat currency altogether! That’s how disruptive blockchain technology will be once everyone realizes its full potential, not just for financial transactions but also decentralizing online services like social media many other aspects of life where it’s possible to improve the current systems in place today.
Ethereum has already made great progress in this journey but ICON is trying to take blockchain technology mainstream with its own ecosystem of decentralized apps (dapps) that will be built on top of their blockchain; which can then be used for different industries like B2C, B2B, etc. There are many use cases for this cryptocurrency including decentralized exchanges (DEXs), ICOs aka token sales, financial markets, and even things like social media where everyone’s identity and data would be protected from being sold to advertisers who want to influence our mindsets – a huge problem around the world right now. This is just a small example of what they could achieve because each industry could have its own dapp that runs on the ICON blockchain, making it extremely versatile as well as easy to enter into because each dapp has one purpose which is beneficial for only one industry – there are no feature-heavy platforms like Ethereum building on top of their blockchain.
This represents decentralized exchanges which are built by asking businesses to contribute their computing power where everything runs in a peer-to-peer network, which can more easily scale due to usage requiring these businesses’ resources instead of relying on powerful mining groups that investors don’t even know how they’re run or who really owns them. If centralized exchanges get hacked then cryptocurrency owners could lose all their money but this won’t be possible with decentralized exchanges because hackers would not be able to get to the private keys if they’re not stored online, which makes them safer from being compromised compared to exchanges.
Another good example of blockchain technology improving our lives is the banking industry: banks and governments could benefit so much from using blockchain technology because it’s a great way for them to communicate with each other securely, especially in financial transactions. Anyone who has ever transferred money internationally knows how long it takes and how high fees can be – this is something that would be greatly improved with cryptocurrency as well as KYC (know-your-customer) requirements for businesses that protect against fraud and illegal activities.
This means that anyone in the world will be able to use ICON cryptocurrencies as payment methods without having restrictions put on them by centralized exchanges or payments that take so long to clear, especially when there’s the risk of fraud.
Another example is social media: data breaches are becoming more common which can be prevented with blockchain technology because it decentralizes databases used by these companies – stealing someone’s identity would no longer happen if this was done using blockchain technology, but even if it still happened then they’d be able to prove what information they have shared and who has been given access to it. This will reduce many risks of our identities being stolen as well as limit the power big businesses have over us, which is a huge problem today with companies like Facebook abusing their power…
People could flip burgers on a global scale all from the comfort of homes with platforms like Blue Whale! This would make hiring an army of staff to run your entire business less critical because anyone could do their job independently. The workforce is like a mosaic: each individual’s skills and experience contribute to the greater good but also serves as building blocks that can be added or removed at any time – this way, jobs don’t need to be stuck with one person for years. This will free up more time for staff members to focus on improving other parts of the business since they won’t have the stressful task of running it all alone which means better quality goods/services are produced with better quality ingredients! This structure increases efficiency in every industry which is something Blue Whale wants to implement into our existing economy by having all these people work together in different countries in an organized manner.
Blue Whale is a decentralized autonomous organization (DAO) which consists of freelancers around the world working together with different skills under one platform, especially when their potential employers are companies like Uber and Lyft. Employees can request tasks such as writing articles for websites or driving customers to their destinations, but they will also be able to see what other employees are available for employment – this means that Blue Whale will be responsible for creating new jobs which contribute even more growth to the local economy.
One way blockchain technology could improve industries is by incorporating it into existing concepts/platforms. This would make them more efficient through the use of cryptocurrency because every transaction would be recorded on a secure ledger where everyone involved can see exactly what was bought and who it went to. Bitcoin is already being used by thousands of e-commerce sites but Ethereum uses smart contracts which means an algorithm can automatically distribute goods after a certain amount of money has been paid, this would increase the speed at which goods are delivered.
However, not all products or tasks can be completed online because some people prefer to work face-to-face – these industries could also benefit from blockchain technology since they’d have to use cryptocurrency as well, otherwise, it wouldn’t make any sense for both parties to spend hours traveling back and forth if everything could be done with a single click! As a result, there would be a more efficient workforce with less time wasted on traveling between locations that don’t need face-to-face interaction.
Brickblock is a blockchain-based solution to investing in real estate (commercial and residential). Currently, the structure of this industry requires you to work through an agent who’ll use their connections to make sure they get the best possible price – people with less money are left out because agents don’t want any risk when it comes to finding tenants/purchasers (which reduces the number of properties on sale). However, Brickblock has introduced smart contracts where both parties will have to put down an agreed-upon amount of money before they can see more information about each other’s financial details – this way, there will be no more chance for anyone being scammed into paying too much or making false promises since these transactions will happen on a blockchain and can’t be tampered with.
Additionally, people who make their living by investing money will now have more trust because there’s less chance for fraud – the information they see will always match what’s on their platform so they’ll know exactly what they’re buying/selling. This is another example of how decentralized technology could change the business model of companies which makes them more efficient for everyone involved!
An interesting idea from a lot of businesses BTL Group has come up with is using smart contracts to address concerns about building or renovating properties due to the lack of regulation in this industry. Their app BOND uses Ethereum-based tokens as collateral for loans so property owners can get money if someone buys their house on credit, which is a great way to fight against fraud because the contract will automatically be executed. This system could also work for home renovations since people will have an incentive to pay back their loan so they can reclaim their tokens – this would create a safer environment where there’s less chance of scams or from people who won’t repay their debt.
BTL Group has also developed a cryptocurrency called Interbit which lets you send payments over your phone without needing to worry about block confirmation times. This means that you can split bills with friends and family anywhere around the world as long as there’s at least one person who has Interbit installed on their smartphone. Also, it allows for instant payments instead of having to wait hours for miners to confirm transactions, which is a common problem for Bitcoin and other cryptocurrencies that aren’t as easy to use as fiat currency.
Edenchain is another blockchain project focused on improving business by replacing private databases with trustless systems. Their idea sounds great, but I’m afraid they might have problems because it’s hard to convince companies to switch from something if they’ve been using it successfully for so long – however, I hope this will become a better alternative or at least provide an improvement for them if their technology works well.
This way of thinking about how your company will benefit from the blockchain has made me realize how much more effective these changes could be. Imagine what would happen if all businesses used smart contracts instead of relying on people! Then again, there’s also the problem of not being able to reach a consensus, but I’ll talk about it in a later article.
Hi, my name is Lin,
I’m the campaign manager at advalley
sharing my insights and experience from
helping Blockchain Technologies grow online.