6 Apps For Blockchain Tech
The online world amounts of apps that can help you with virtually anything, and blockchain technology is becoming ever more popular. This comes as a surprise to absolutely no one considering how safe and trustworthy the tech seems to be.
Don’t know too much about how blockchain tech works? Here’s a simplified version.
In essence, a blockchain is a peer-to-peer network, and its main purpose is to distribute all data and store it chronologically in what is called blocks.
This implies that when anything happens in a blockchain network (such as a transaction or data exchange), it’s shared with all users of the network, and everyone has a record of it on their own devices.
Considering the fact that these data blocks are kept in a chain, once added to the chain, the data cannot be modified. This makes it almost impossible to hack or steal any data from a blockchain.
Safety is paramount, so if you’re looking for apps that utilize blockchain technology, keep reading, and we’ll give you a list of the best ones, ranging all the way from crypto trading platforms to charity apps.
1. Chainlink
This safe middleware supports an open standard for secure, decentralized data input or an “oracle” system that verifies data from other sources. In summary, Chainlink provides safe access to data feeds, APIs, and payments for any smart contract.
It’s so promising that Google is experimenting with it as a middleman for a handful of its new incentives.
An oracle in a blockchain can be a database or other data source that feeds traditional business data to a smart contract operating on the ledger. Chainlink simply protects the data flow to and from smart contracts, making it that much more difficult to compromise because it uses the same consensus methods that blockchains use to agree on a transaction’s validity.
2. BurstIQ
BurstIQ, a high-performance and adaptable blockchain network established and intended for securely handling health and identification data, was founded in 2015. Instead of focusing on infrastructure, this app tries to create seamless links between systems, people, and partners.
It emphasizes the value of innovation, and it does a great job at it.
This program allows you to securely send medical information from point A to B while remaining anonymous. In addition, since 2021, BurstIQ has also offered a user interface software development kit, which allows app developers to create blockchain-enabled online services and apps on the platform.
3. Cipher
Cipher is a middleware developed by Avanza Innovations that supports a portfolio of four blockchain dApps for government agencies and regulators in various regions, including a reconciliation and settlement network, tokenization of loyalty points, procurement payment network, and document-exchange, verification, and compliance network for banks and their customers.
Cipher’s blockchain-based solutions are focused on two areas: digital government transformation and financial regulation and supervision.
4. Bitstamp
This service may be familiar to you, as Bitstamp was founded in 2011, making it one of the world’s oldest cryptocurrency exchanges. Over 50 different cryptos, including major currencies like BTC and ETH, as well as a variety of altcoins, are available for trading.
Bitstamp is noted for its low-cost strategy, with consumers able to purchase cryptocurrencies for as little as 0.5 percent every transaction. Fees are reduced to 0.25 percent if your monthly trading volume exceeds $10,000. When it comes to deposits, Bitstamp provides fee-free ACH transfers with no minimum deposit requirement.
5. TraceDonate
When it comes to charity, there is a lack of transparency, for sure. Many refuse to donate purely for the reason they have no idea to know where it’s going or if t’s actually helping anyone.TraceDonate fills this gap with its identity management technology, which enables transparent and traceable cross-border payments and donating.
The AID: Tech-developed dApp unites charity organizations, funders, and recipients. It intends to offer donors confidence that their donations will be put to good use by individuals in need, whether it’s for food or utilities.
6. Aqru
Aqru is similar to a trading platform but still vastly different from the other crypto applications we’ve looked at so far because it doesn’t actually provide trading services. Instead, Aqru is a crypto software for generating interest, aka, it’s akin to a crypto saving account with good interest. Simply said, placing your Bitcoin or Ethereum tokens into the safe Aqru app will earn you a 7 percent annual percentage yield.
Plus unlike most apps of similar nature, Aqru does not need you to agree to a minimum redemption period. This means you may withdraw your digital tokens at any moment without any financial penalties.
Final Thoughts
If you believe your business can benefit from blockchain, make sure to try out one of these apps. And if you’re interested in the inner working of blockchain in general, read more about it on our blog.
