Top Blockchain App Ideas Bolstering the Business Growth in 2022

You may consider incorporating blockchain development into your business app idea, or you might already have an idea in mind. But did you know that the market is growing at a rapid pace, as per the expert forecast? Blockchain Development Company India has observed an increase in the number of businesses investing in blockchain technology, thus incorporating it in their business app ideas to make them efficient and productive in the long run. Here are some interesting insights on developing blockchain-based applications to boost your revenue and stay ahead of the competition!

1) Decentralized Apps

One of the most important applications of blockchain technology is decentralization. The benefit of decentralized apps (or dApps) is that a single central authority does not control them. Users have more control and ownership over their data, privacy, and security. This can empower users, mainly because we trust blockchain developers to work with our data honestly—no one person could steal or leak our information if it’s on a decentralized app.

2) Supply chain management app

Big corporations and startups alike are touting blockchain-enabled supply chain management solutions. In 2016, several large companies—including Walmart, Nestle, Unilever, and Dole—tested a blockchain platform created by an IBM-led consortium to track produce from farms to stores in China. Walgreens recently began testing a similar solution that uses Intel’s Hyperledger Sawtooth framework.

3) Digital Identity-based Apps

Looking forward to emerging use cases, it is estimated that there will be more than 10 billion connected devices by 2020. Most of these devices are likely to have a digital identity and communicate using IoT protocols. With the large-scale deployment of blockchain technologies, identity management is a significant challenge for organizations since each device needs its unique key. To tackle such challenges successfully, organizations can leverage Digital Identity-based apps to handle cryptographic keys and other identity-related functions securely and efficiently.

Also Read: Hyperledger Fabric vs Stellar: Which is the Best Blockchain Solution?

4) Transportation & Logistics Apps

For companies that specialize in transportation and logistics, some apps out there can assist with business development. An app like ShipPax allows users to track all aspects of their shipments and scan and integrate new packages into their shipment progress. Meanwhile, a company like Tracab tracks data related to vehicles during transport, focusing on safety and efficiency. This is only a tiny sample of what’s available—check out these other resources for more information on blockchain applications for your business or industry.

5) Governments Voting Apps

Governments across the globe are already testing Blockchain-based voting applications. Estonia is piloting a blockchain-based e-voting system to allow citizens to vote anywhere. At the same time, West Virginia has successfully used a blockchain platform to record votes in its primary elections. This could revolutionize how votes are tallied and protect against fraud, manipulation, and inaccuracy. Consider using blockchain-based technology to develop a new way for governments to add their votes.