7 Promising Killer dApps You Should Know About
Decentralised applications, or dApps, are not necessarily a computer or mobile phone app, as the name may imply. To define “dApp” isn’t straightforward as there are so many platforms, use cases, and technologies. However, they all function as a toolset that is open source and without a central point of failure. Ultimately, there are three different types of dApps.
Firstly, some are financial and utilise their own cryptocurrency. Secondly, some are financial but go beyond their blockchain. Finally, there are all the “others” which go beyond finance and delve into realms such as gaming and voting etc.
A “killer app” is a term used in technology to describe a computer application that “is virtually indispensable”. It is a product or service that is better than anything comparable. Killer apps tend to attract consumers and even motivate them to buy the underlying technology required to run the app!
One of the best examples of a killer app is email. In the early ‘90s, email addresses were very uncommon. Skip forward just one decade, and it would be unusual NOT to have an email address. Email completely revolutionised the way we communicate.
Are There Any Killer dApps Yet?
But what of the blockchain killer dApp? Some argue that there are already killer dApps out there, whereas others are adamant there aren’t.
“So far, there has been no single application that anyone has come up with that has seriously stood out to dominate everything else on the horizon.” Vitalik Buterin, Co-founder of Ethereum.
Whatever the case, there are certainly many useful and entertaining dApps released or in development. There’s a wide range of different types of dApps in this list including gaming, gambling, accounting, and social networking. To some people, they may very well be considered indispensable, and therefore, killer. Let’s take a look at seven of the most popular dApps out now!
7 Of the Most Popular dApps Now
The Future Looks Bright
So, what does the future of dApps look like? Here are a couple of examples:
Voting and Governance
A concept in development throughout the world is the use of blockchain technology in voting and local governance. Central to this idea is identity authentication powered by smart contracts. With blockchain, election voting benefits from increased transparency and security. Of course, there are other benefits to be had as well. In Sierra Leone, the world’s first blockchain based election took place on March 7th, 2018. One additional bonus was the reduced voting and environmental costs as a result of cutting out paper ballots.
This area has a lot of scope for improving current systems. Presently, our personal data is stored in centralised systems where you “agree” for certain companies to own rights to that data. Identity theft from hacking is another area that needs improvement. Just look at the Facebook hack in late 2017 for example!
Benefits of a blockchain based system include enhanced security, universal access, and a significant reduction in costs associated with verification. Biometric data, financial/insurance information, and digital signatures are examples of data that would be more easily stored and owner accessible.
What do you think? Do you know of any promising dApps? Let us know in the comments below.
Disclaimer: The above references an opinion and is for informational purposes only. It is not intended as personalised financial or investment advice. The opinions expressed by the author do not represent the opinion of BitPrime.
Last updated: 11/06/2018