12 Real-World Blockchain and Crypto Use Cases

The main current problems holding back Blockchain technology adoption are: that most people still have no idea what the Blockchain offers and that various government bodies are setting unfavorable laws to deny people unregulated financial freedom. But as I see the current geopolitical situation and those that have existed over time. It is clear to see that Blockchain technology is the future and offers the technological framework to solve many of today’s real-life problems. 

What Type of Problems Does it Solve?

Before we move on to the real-world uses. It is important that you grasp the core problems that Blockchain technology will solve. 

• Mainstream Blockchain technology adoption will ensure security and privacy from all entities.
• Finances and user data are in the control of the people instead of regulating bodies that can do whatever they please.
• Political instability and inflation would not disturb the common man, who holds his/her wealth in stablecoins like USDC or BUSD.
• The technology can ensure cheap international transactions and quick asset transfer through self-executing smart contracts that are governed based on preset conditions. This also eliminates the need for middlemen and regulatory bodies. 
• The track record of ownership is accurate and traceable. This means no one will have to go through legal battles in case someone makes an illegal claim on one’s property.
• It provides a stable environment for virtual spaces like the Metaverse, which may potentially become a huge part of our lives.
• It supports the uncensored growth of technologies like AI. This ensures that the creator of the AI technology in question do not use it to further their own agenda through machine learning data manipulation, etc.

I could give you more such examples, but I am sure that you grasp the gist of what I am saying. Now let’s move on towards blockchain and crypto use cases.

12 Blockchain and Crypto Use Cases

The blockchain goes beyond just financial benefits. Supporting technologies like NFTs, DeFi, DAOs, Public Blockchains, and others make it possible to realize the true potential it offers. 

1. Voting Systems

There is currently a lot of global political instability and democracy is considered highly flawed simply because no one can ensure tamper-free elections, especially in third-world countries. But blockchain technology changes this. You can for instance use Solana or an immutable public ledger to audit results and ensure tamper-free elections. 

Recently an Election in Morroco was done using the Solana blockchain and the case study proved the following:

• Decentralized storage, consensus mechanisms, and cryptographic algorithms provided enhanced security, thus reducing the chances of fraud and result tampering.
• All transactions (Votes) were immutable and transparent. Hence it is easy to verify the authenticity of each vote. 
• The election cost is reduced due to less need for labor and infrastructure. 
• Vote validation was nearly instant thanks to low latency and high throughput. 
• Remote voting is possible and this increases voter participation. 

The success of the blockchain in elections in Morroco may be a glimpse into the future of how democracy may improve. 

2. Fraud-Free Real Estate 

Blockchain makes it easier to transfer property ownership and also eliminates the need for middlemen to endorse the transaction. Smart contracts can be used to put the house in escrow and once the conditions are met, the contract self-executes and transfers the deed. Hence the need to pay hefty commissions to dealers is removed. 

Moreover, since there is an immutable record of your property ownership history. You can rest assured knowing that everything is legit. Companies like Propy are currently using blockchain technology to run their real estate business. 

3. Web3 Domain Names

People can never buy a domain, the best they can do is rent it for a year and keep extending that agreement. The platform used to buy the domain has all the control and can even deny the extension of the domain or charge ridiculous prices for it. For instance:

• Business.com was bought for $7.5 million in 1999 and sold for $345 million in 2007 to RH Donnelly.
• A Las Vegas travel agency bought LasVegas.com for $90 million
• Crypto.com was sold for $12 million.

Remember these weren’t actually sold, only the rental rights were. But the blockchain technology changes this. Users can directly buy and control their domain names as a form of their digital identity. Moreover, since the domains are also bought from a decentralized source you are safe from monitoring and censorship. 

Projects like Unstoppable Domains and Ethereum Name Services allow users to register decentralized domain names. You can purchase these domains for a select time the user chooses, through fiat currency or cryptocurrency. 

4. Gaming NFTs

Blockchain is redefining how we play and view games in our society. The introduction of NFTs and marketplaces in games provides a great environment to earn through gaming. Yes, the majority of current games are not yet up to standard. But the technology is there to make AAA games, and there are a few in the market like Arsenal, Star Atlas, Illuvium, etc. Games like Cryptokitties and Axie Infinity have created a few millionaires as well. We are also seeing a rise in the E-sports category.

5. Stable Finances

Currently, our economies are tied to government policies and loads of other external conditions. We can see countries like Argentina, Pakistan, Sri Lanka, and more struggling. More importantly, we see its citizen suffering due to the devaluation of their native currency. Sending or receiving money abroad is also tiresome, expensive, and full of regulations. 

However, individuals living in such conditions often hold their wealth in Stable Tokens. These are cryptocurrencies whose value is tied to a tangible object, so the price changes are minimal to non-existent. Moreover, the blockchain is also an inexpensive way to transfer money across borders in a quick time. Those who understand the blockchain, have better financial freedom.

6. HealthCare Records

The blockchain in healthcare ensures the privacy of patient data, integrity of clinic trails, remote uniform access for all patients worldwide, and streamlining of medical records. Companies like IBM and others have created platforms like MedRec to provide tamper-proof ledgers of patient history. Imagine all your health records stored uniformly on the blockchain, that you can access anywhere in the world. If you have a medical emergency, the nearby doctor can access things like allergies and previous illness history. This helps doctors determine the correct form of treatment, save time, and avoid having to do expensive tests. 

7. Social Networks

How many times have we seen mainstream social media network owners in the news for data privacy concerns? Somehow they always deny the allegations and users are left wondering if their data is really safe or not. Moreover, such platform owners hold the power to influence decisions and further personal agendas. We see platforms like X, Facebook, and more banning user content based on their ideals. 

But a social network powered by the blockchain can solve such issues, especially concerns with privacy and user data. It also gives content creators various forms of generating income options. Moreover, it is also the future, as web3, AI, and the blockchain will form the next big social network metaverse. Unlike traditional social media, where users may enter through VR via avatars. Interact with a virtual economy to buy and sell NFTs. We may even work or get education on such platforms. Companies are currently in the race to see who does it first and does it better.

8. Wealth Protection in War, Political Instability, Etc

If you look into the history books, you will find that even a small phase of war or political instability is enough to ruin a country’s economy for decades. People lose wealth nearly instantly and they suffer more than anyone. But in current times, people can hold their wealth in stablecoins like USDC, BUSD, and many more. 

If for instance, someone in Argentina had converted their wealth into stablecoin before inflation shot dollar rates to 5 times the price. That person would not have lost 5 times their wealth. Moreover, that person could also have invested in global real estate or more through blockchain-powered platforms like Propy from the comfort of his/her bed. Smart contracts would make property ownership changes easier. I think you guys understand where I am going with this.

9. AI Technology

Okay so for those who do not know, AI is learning is done through datasets. It can only produce responses it is trained for with the information it was trained on. This means companies or government bodies may censor what they deem fit. Moreover, they may use it to influence our decisions or control our behaviors as we rely more on it. However, data learning through the blockchain would be different. Here people will verify that AI is being trained not on biased data but the complete data. Moreover, the blockchain also provides AI platforms with options for developing their own token economy, marketplaces, and more. This gives users around the world freedom of use. Plus token values may increase and with it the stake of the company.

10. Intellectual Property Protection (A Blessing for Artists)

The blockchain makes it easy to identify the original source of tangible and non-tangible objects. This is done through the verification of public ledgers. Smart contracts make it easier to transfer said asset and change of ownership is also recorded on the ledger. Artforms or content creations are first converted into NFTs and then sold on various marketplaces like Opensea. Creators can decide if others can use their work for free or royalties. 

11. Global Transactions

Geopolitical tensions and economic conditions often make global transactions difficult. Governments can choose to tax heavily on international transfers and such transfers can take a long time to execute. But with the blockchain, you can easily transfer funds through various forms of cryptocurrencies without regulators. It can also be done more cheaply, as many platforms offer free to minimal gas fees. For example, Tron lets you make one free financial transaction a day. 

12. Charity & Donations (Ensure Money Goes to Intended Cause)

One of the easiest ways to turn black money into white or scam people is through holding charity events. You can never be sure that your money is being used for the intended cause or how much of it is being used for their intended cause. However, the blockchain is transparent and users can track donations, ensuring the funds reach the correct destination. Smart contracts reduce the need to hire fund-distributing intermediaries, saving event costs. The blockchain also ensures seamless cross-border transactions without needing to convert currencies. Lastly, decentralization makes it easy for small organizations and local communities to access funds from anywhere at any time. There are blockchain platforms like Giveth and Alice that track donations and ensure that funds are used as intended. Donors also receive updates on project progress. Binance charity foundation can be used to host such events. 

You Can Also Join the Blockchain Revolution!

Anyone can join the blockchain revolution. There is still so much left to be done and so many problems to solve. If you think you have an idea that may revolutionize the industry like the many examples I have given above. Then get in touch with me today.