Blockchain Part 4: Decentralized Applications (Dapps)

While cryptocurrencies in general and Bitcoin in particular are the primary application that brought blockchain into the limelight, the potential of blockchain in the enterprise extends far beyond cryptocurrencies. As we’ll see in subsequent blogs, companies in financial, energy, medical, supply chain management, logistics, cloud computing, etc. are now investing in and launching proof of concepts to get ahead of the coming operations and technology changes in their enterprise systems.

The real power of blockchain will be realized as the technology gets adopted by industries such as:

  • Healthcare
  • Banking & Finance
  • Logistics
  • Ecommerce
  • Cloud Computing

Some of the startups launching Decentralized Applications
(Dapps) include Storj, which is a decentralized storage solution. There’s also technical conversation about how to launch domain name server (DNS) on blockchain to prevent denial of service (DoS) attacks.

Blockchain is rapidly gaining adoption in the enterprise. A significant percentage of fortune 500 companies are either building external facing commercial blockchain platforms (Microsoft, Amazon, Oracle, etc) or deploying proof of concept within their operations. This means that –

  • How to introduce blockchain to your organization especially teams already using DevOps
  • Knowledge base for blockchain solutions and strategies
  • Increased demand for blockchain developers
  • Timeline for blockchain widespread blockchain adoption

We will be exploring these topics in subsequent articles

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