Blockchain Technology Applications To Make Money

Bitcoin and blockchain together has potential to become money-making apps. There are plentiful opportunities that can be explored.

Financial Markets: One obvious app of blockchain technology is back office operations and algorithmic trading. High-frequency trading can be taken to another level applied in smart contract decentralized autonomous corporations and executed by partially autonomous agents that have better ability to act quickly and better crawl information sources for changes, news, and price. In the same way, the complete tiers of back-office operations that are currently managed by human-agents will be replaces with blockchain-agents.

Businesses that are into financial services such as mortgage industry can apply smart property using blockchains as a global asset registry and transfer system, and smart contract for payment automation, reset interest rates etc.

Banking 2.0: The very first app of blockchain technology is to revive the old financial services and banking sector. The existing monetary mechanism is very slow. If you want to transfer money from one end to another, it will take days and weeks to reach its destination. But digital currency transactions are done in a matter of a few minutes anywhere across the world. This can lead to an unbelievable speed of transaction, and a method to let banking systems to reorganize and interoperate, and make the complete business effective and efficient.

Blockchain Thinkers - Not just in the financial sectors or high-frequency trading, but the technology can be used for cognitive advancement as well. The technology can be used as a useful tool for recording each thought as a transaction in a blockchain memory, for recovery later, for instance in the case of some memory related diseases like Alzheimer’s.

One application of blockchain thinkers is blockchain advocates. These advocates are blockchain based smart contracts acting as a new type of independent third-party advocate that can act on your behalf in future.

Blockchain and Bitcoin both are the first application of decentralization as a newest form of IT. Blockchain is a global-scale coordination system which is more transparent, faster, and more accessible.

Concentrating on end-user apps can help Bitcoin change the concept of cryptocurrency industry development by becoming a value currency instead of just being a development currency.