Here are ten interesting ways a blockchain can reshape the world and make the future more comfortable for humanity…
Blockchain technology has proven to be a great invention since it was introduced about a decade ago. Since then, it has powered several inventions that will have a lasting impact on humanity. Some notable examples are the Internet of Things (IoT) and smart contracts.
However, some blockchain projects will touch some other areas of human endeavor that are yet to feel the impact of this amazing technology. Here, Cointelegraph takes a look at 10 very interesting blockchain projects the world should look forward to.
Andrew Adcock, the CEO of Crowd for Angels, shared this view with Cointelegraph when asked if there are areas in which blockchain has not been exploited yet or if the possibilities of blockchain have been fully exhausted:
“The possibilities of blockchain are only just beginning to be explored with many solutions focusing on parts of the supply chain, the coming decade will be exciting for developers. I believe we have not seen great advancements in ‘stock’ management and this could be revolutionized by blockchain.”
Here is an overview of some projects that can capture your imagination:
1. The Zero Carbon Project
Climate change has been in the news for years. There is a huge concern about the possible side effects of uncontrolled changes in our climate. Thanks to the Zero Carbon Project, the world can heave a sigh of relief. This project wants to leverage the power of blockchain to address this problem. Through its Zero Carbon Market, consumers can source energy from nuclear, renewable and fossil fuels. The carbon emissions in these sources of energy are compensated for by international carbon credits.
With its blockchain, the Zero Carbon Project has created the ZeroCarbon token. The supporters of the Zero Carbon Platform can earn this token as a reward for their contribution to tackling climate change globally. It is believed that this reward will serve as an incentive to energy consumers to concentrate on using clean sources of energy and thus generally reduce global energy emissions. Buttressing the above point in one of his articles on the company’s Medium page, the founder of the project, Derek Meyers, says:
“ZeroCarbon tokens have utility value because energy suppliers have to source them in order to pay the transaction fees required to participate in the Zero Carbon Market. In the UK, 32 energy suppliers are currently competing for business across the Market. They are also competing to purchase ZeroCarbon tokens to pay the transaction fees. As our community increases demand for ZeroCarbon tokens increases.”
Cinemadrom is a platform that is designed to change the face of film production in the world. It boasts its project as an “international blockchain network of independent filmmakers.” The primary goal of this platform is to use blockchain technology to finance, produce and distribute film projects.
This project has two areas of application:
- The crypto industry: The platform supports investments, cryptocurrency, insurance, mining and a multicurrency wallet.
- The cinema industry: The platform is ideal for the film market, film studios, distribution, online movies, film agencies and social networks.
On its official Twitter page, @Cinemadrom, the company informs its teeming followers that:
“Our main goal is to create a new developed and independent system of the world film industry, in which every film will pay off, and every second will bring profit to its creators and investors!”
This platform allows cinematographers to get funding for any movie project. Thus, they can start production without having to worry about financing. They can also send their movies through the platform for distribution. The process will give their movies the desired exposure that may ultimately lead to better sales. The platform also offers distribution companies and cinemas the chance to increase their distribution fees. They can also take their movies to the international markets, which could increase distribution and profit as well.
Investors in the movie industry can create a portfolio of their different projects. This comes along with reduced risk and an optimal return on their investment. Advertisers also have the opportunity to target audiences based on social, geographic, economic, religious or intellectual factors. They can also create a community of loyal viewers and take their advertising to new markets.
CCUniverse is another blockchain project that may have a far-reaching impact on humanity in the future. The developers are focused on electric car rentals, ATMs, and prototypes of innovative and tiny houses. According to the company:
“We are inspired by amazing ideas regarding the development of technology or solving key issues related to energy or scientific solutions connected with the improvement of human life.”
CCUniverse has a three-part vision. Between 2019 and 2020, the company will focus on electric cars and ATM programs. Prototype houses will be next on the agenda — between 2020 and 2022 — while the company will invest in visual programs starting from 2021.
The electric car rental is designed to give car lovers a platform from which they can rent electric cars with CCUniverse. It also hopes to simplify buying and selling transactions with the technology. A minimal fee of 1% will be charged on every transaction. The developers hope to address the lack of resources and poor implementation processes that deprive people the opportunity to have access to the best things or take advantage of useful ideas with the potential to make life easier for people.
Uhive is designed to take social networking to the next level. The goal is to create a positive and noble idea with the potential for sparking a social movement. This blockchain project allows users to connect with their friends and family. It also offers them a platform on which they can find their interests and explore them to the fullest. The Grey World feature allows anyone to try on a new identity, for example, to increase privacy and interact in what the platform calls “deep web chat rooms.”
All efforts will be rewarded when engaging in normal day-to-day social activities on this platform. Every week, the platform shares a substantial portion of its ad revenue with its users through the Uhive token, which comes with an opportunity to earn some tokens for future use.
The Uhive utility token is based on Ethereum technology and is ERC-20 token. The token can be purchased through a Bitcoin transaction, the iOS App Store, the Google Play Store, a transaction on Ethereum or PayPal. It can also be bought with fiat currencies such as with euro, United States dollars or the British pound.
BitJob is another useful blockchain project that may change the future of employment, especially for students. The developers hope to achieve this through the power of blockchain. The team said:
“By using Blockchain, we connect 500 million students with global industry leaders to create new revenue channels, new jobs, and new business opportunities.”
By bridging the gap between potential employers and students, it will be easier for competent students to get their dream jobs without going through the rigors of the labor market. BitJob was built on the Ethereum network. Blockchain allowed the developers to have an application that helps in solving some employment-related issues, such as identity verification and the likes. It combines the benefits of freelancing sites and micro gigs with the Ethereum blockchain. To its credit, this is the first hybrid blockchain project that offers students and employers peer-to-peer connection.
Specifically designed for students looking for employment opportunities, BitJob leverages the power of blockchain to help users find remuneration that corresponds to their service or skill level. The structure also supports rewards, incentives and affiliates.
In such, students can use the platform to find a job that allows them to have a steady source of income during their free time. Thus, they can gradually create an impressive portfolio and have the needed experience when they eventually enter the labor market.
Wherever you are in the world and if you need accommodation, blockchain technology can help you get the best hotel that meets your specific needs. GOeureka claims to have some 400,000 hotels available in different parts of the world.
The website works as a traditional hotel aggregator whereby you provide a location, check-in and check-out dates and the number of people. However, unlike other hotel booking sites, GOeureka intends to improve your accommodation experience by leveraging the blockchain to increase transparency and cut costs. In so doing, GOeureka will help solve the problem of hidden additional fees in the hotel booking industry. In an interview, GOeureka CEO Maraj Rai said:
“What we created essentially is an online travel booking platform utilizing the power of blockchain technology. […] We come in to create a more transparent platform, essentially a marketplace that hotels connect to and users book directly at no commissions.”
CogniPet uses blockchain technology for pet lovers. This blockchain project uses the power of artificial intelligence (AI) to establish a deep connection between animals and humans. Both the blockchain technology and the image recognition feature of AI are combined to make it easier for humans to identify pets as well as establish a link. Thus, pets can be traced online with this technology.
CogniPet is developing an app to enable its users to arrange animal photos in an attractive manner. More so, users can share the interactive animal timeline with their family members. As a breeder, one can collate information about an animal and store the photos and other data on a blockchain. That data will include a location and time stamp, secured firmly with cryptography. This forms a digital certificate, a perfect replacement for paper documents. When Cointelegraph spoke with Vincenco Vento, the CEO and founder of CogniPet, about what inspired this project, he said:
“The pet market is so big and disconnected, it has become profitable even for criminal organizations. Around 80 percent of online advertising is doubtful, promoting illegally imported animals, with many pets often sick and abused. Professional breeders compete against the black market, as shady breeders do not inoculate their animals and neither provide healthy, fully checked and certified animals.”
The technology also offers pet lovers increased chances of finding their lost pets. The system will go through the database to search for a missing pet once the photos of an animal are provided. Developers believe that, when this technology gets global acceptance, it will be easier to investigate pet theft.
Ownership transfer also becomes easier with CogniPet. Pet breeders can use blockchain to prove they are the owners of their pets. After the sale goes through, they can provide the timeline ID as proof of ownership and transfer it to the buyer. This will serve as the certificate of ownership.
The Odem project focuses on education and skill acquisition. It is designed to curb the increasing rate of unemployment in the world. Potential employees can learn valuable skills that will enhance their employment opportunities. Thus, users can have access to more affordable, verifiable, and accessible education and employment.
Cybersecurity, autonomous transportation and blockchain technology are some of the skills that are in high demand. Once training is complete, credentials can be shared with prospective employers. The Odem platform offers a decentralized file storage system that allows access to the Ethereum blockchain for the safekeeping of academic records. The technology makes it easy for future employers to verify qualifications with ease. Odem’s CEO, Richard Maaghul, wrote in a blog post, “At ODEM, we’re committed to using blockchain technology to make education more affordable, accessible, transferable, and verifiable.”
Odem has a Skills Wizard feature that can be used to create a career profile for potential employers to go through. The platform also works hand-in-hand with employers who are interested in hiring new and highly skilled talents.
VibeHub is “the world’s first VR/AR marketplace and hub on the blockchain.” The project enhances the power of both augmented reality and virtual reality to offer users a unique experience through the simulated images. You can attend movies, play games with your friends or do practically everything you wish. You can also enjoy performances of public figures, artists and others. They are presented in a manner that seems so real, giving you the feeling that you are seated right there while these people are performing.
VibeHub uses 3D avatars equipped with other technologies, such as video and voice chat, to give you a unique experience while watching the recorded images. You can watch the VR/AR images on multiple devices. VibeHub supports Daydream (a Google product), HTC Vive, Samsung Gear and Oculus Rift. Even if you don’t have a headset that supports VR/AR, the platform supports WebGL/WebVR on modern browsers that are available on mobile and desktop devices. Vibe credits allow users to engage in social gaming and other activities on the platform.
Diana is a moon registration platform that is open to everyone. Yes, the moon, that is orbiting the Earth. This initiative aims to introduce equality when it comes to the possession of the satellite. The project’s white paper quotes the United Nations’ Outer Space Treaty, which notes:
“Outer space, including the Moon and other celestial bodies, is not subject to national appropriation by claim of sovereignty, by means of use or occupation, or by any other means.”
While this is true, advanced countries, in terms of space exploration, are already considering using the moon as a mining and space travel base. This disadvantages developing nations, as they do not have the resources to compete for the moon’s ownership. The Diana Project aims to solve this problem by registering its participants on the blockchain to develop a foundation for the equal possession of the moon.
Participating in the moon registry project helps in reaching three key values. These are the moon’s technical value, social value and economic value. Investing in Diana would help prevent the private ownership of the moon, according to the project. The platform aims to subdivide the moon’s surface into 3.8 billion pieces.
The moon registry would run on two ERC-20 standard tokens. These are DIA and MOND. DIA tokens will function as the proof of registration of a plot on the moon’s surface. On the other hand, MOND tokens will serve as a transaction medium and will be backed by the U.S. dollar in a 1:1 ratio.
Theoretically, these future blockchain projects have the potential to change the world. However, the success or failure of the projects would depends on the steps they take in the long run.
For example, there are already several similar blockchain-based projects that target pets. Adcock also commented on this matter: “With all saturated markets, you will see failure and you will also see mergers and acquisitions. This should imply development and growth in a market.” Adcock continued by making some suggestions to those who wish to do a blockchain-based startup saying:
“Many lack experience in traditional business practices or ‘grey hair’ as I call it. Whilst they can secure funding, it is important that they keep their operations lean, demonstrate a market and develop products that the market wants… Blockchain is a very community-driven technology, it is important that you meet and communicate with your peers and similar professionals in the ecosystem. You cannot stay at home and code behind a screen.”
Cointelegraph does not endorse any of the projects mentioned in this article nor does it speak for their validity.