Do you know what a dApp means?
Do you know what it's for?
How can we use it, and how can it change the way we think about technological applications?
The concept has been much talked about in the blockchain community. Read on and find out more about dApps.
Realize that blockchain technology is revolutionizing the entire world. In this way, scholars of decentralized technologies are looking to integrate several functionalities in blockchain to entertain, solve complex problems and even collaborate with the decentralized financial system in a shared and open source network.
Decentralized Application?
Clearly, the acronym dApp, similar to App, comes from the English Decentralized Application. This means that it is a system without intermediaries and a relational model. Thus, we can see that it is a decentralized application, and possibly, based on blockchain.
We see many dApp’s under construction and several others in the process of improvement and evolution. After all, we are experiencing a time of discoveries and many experiments. A blockchain dApp allows for almost endless possibilities, and this makes us realize the surprising potential of decentralized systems.
Obviously, we can see several businesses being created, and many merged companies that have as a product a dApp - decentralized application. Thus, I listed several useful information for you to understand about decentralized applications or dApps.
Blockchain application?
A dApp is basically a blockchain application that works on an interconnected network and can reward users with tokens, or provide new digital experiences, or work collaboratively for the functioning and sustainability of its decentralized system. They work with independent smart contracts.
The advantages of decentralized applications are many, and especially for financial applications. It noticed that it built most decentralized applications on the Ethereum blockchain and companies from different sectors are investing in decentralized applications.
Because of the open source model - open source projects - of the blockchain, the functions and possibilities of a dApp can be immeasurable. Everything depends on the creativity of the developer and his knowledge about the technology.
So, I listed some types of decentralized applications that are affecting society and businesses in various market sectors and their major functions.
See below!
Game and Entertainment
There are already several electronic games using the blockchain, in which, besides entertainment, it is possible to win cryptocurrencies according to their evolution in the game.
In addition, you can create things, virtual worlds and everything that your creativity allows within the game. In addition, several games are open source. This allows the gamer to awaken their creativity.
KYC or Know Your Customer
If you do not know the KYC protocol (in Portuguese: Know your Customer), they used it for the deep understanding of those who buy from you and details about the consumer of your product or service.
Companies are already using dApps to better organize and manage their processes, which are focused on individuals and corporations. Blockchain enables better management and organization of your customers' data.
Loan and financial education services
We can see that blockchain technology is being very useful for developing countries. In Kenya, for example, decentralized applications are training small businesses and entrepreneurs on how to handle money better.
In addition, it helps businesses to grow sustainably, teachers finance, and issues bonds with tokens, using cryptocurrencies and dApps in order to finance dividends.
Decentralized Social Networks
It created decentralized social networks using blockchain technology and reward users. In addition, it encourages people to use the platform and refer it to others and provides rewards for those who recommended them to take part in the community.
dApps also allow users to be collaborative, and their actions generate tokens or cryptocurrencies. Some rumors say Facebook and Telegram are deeply studying blockchain and cryptocurrencies.
Crowdfunding
There are many decentralized applications for the collective financing of various projects, causes and proposals for social transformation. Thus, crowdfunding platforms - or crowdfunding - allow you to create a campaign and help someone, and also reward the person who helped you. Another thing, they’re integrated solutions with smart contracts in blockchain.
Have you noticed the incredible advantages that dApps bring to the economy?
What's your favorite dApp? Share in the comments below!
If you want to talk more about it…
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