Impacts Of Dapps on 4 Major Industries
The industries where dApp development sounds growth includes supply chain management, payment processing, digital identity and loyalty programs,etc., Let me list the way dapps helps some of these business with an example.
AXA – a testing flight-delay insurance. The company describes it as: “When you buy flight delay insurance on the fizzy platform, we record the purchase in a tamperproof network, the Ethereum blockchain, making the insurance contract equally tamperproof. This smart contract is connected to global air traffic databases, so as soon as a delay of more than two hours is observed, compensation is triggered automatically."
Supply Chain Management:
Tracing a product’s origins and histories have been difficult earlier. Provenance with blockchain technology empowers brands to take steps toward greater transparency.
SAAS blockchain aims to address the requirements of financial, title and mortgage companies. It aims to help address challenges like red tape and paperwork, a lack of transparency during and after transactions, fraud and unintentional errors.
Media Industry :
At JAAK - a blockchain network that will allow the music and media industries to collaborate on a global view of content ownership and rights.
Garry Golden predicts that by 2025, Ethereum will make standard progress since DApps rise to emerging from individuals, businesses, civic institutions, and governments eager to create products and services based on dapps as it has a radical blend of trust, transparency, and automation.Thus use of blockchain and dapp can change your business to a self-sustaining one.
To know the concept of dApps in detail , refer the blog :
Ethereum Blockchain & Dapp Development Company
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