35 Top Blockchain Applications to Know for 2024


Blockchain applications go far beyond cryptocurrency and Bitcoin. With its ability to create more transparency and fairness while also saving businesses time and money, the technology is impacting a variety of sectors in ways that range from how contracts are enforced to making government work more efficiently. 

We’ve rounded up some examples of real-world blockchain use cases for this pragmatic yet revolutionary technology. It’s far from an exhaustive list, but they’re already changing how we do business.

Top Blockchain Applications To Know

  • Money transfer
  • Smart contracts
  • Internet of Things (IoT)
  • Personal identity security
  • Healthcare
  • Logistics
  • Non-fungible tokens (NFTs)
  • Government
  • Media

RelatedTop US Blockchain Companies 2023

 

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Blockchain in Money Transfer

Pioneered by Bitcoin, cryptocurrency transfer apps have exploded in popularity in the 2020s. Blockchain is especially popular in finance for the money and time it can save financial companies of all sizes.

By eliminating bureaucratic red tape, making ledger systems real-time and reducing third-party fees, blockchain can save the largest banks lots of money. These companies use blockchain to efficiently transfer money.

 

Location: San Francisco, California

Cash App’s fintech platform is a well-known peer-to-peer payment service but the company has also invested significantly in the world of bitcoin transactions and blockchain technology. Users can buy and sell bitcoin on Cash App using the Lightning Network.  

 

Location: New York, New York

Chainalysis helps financial institutions and governments monitor the exchange of cryptocurrencies and investigate blockchain activity. The company’s tools aim to detect fraudulent trading, laundering and compliance violations as well as gauge NFT security risk, all to build trust in blockchain.

 

Location: Boston, Massachusetts

Circle’s fintech platform oversees the exchange of traditional and cryptocurrency payments between users, as well as provides tools for businesses to build themselves on blockchain. The company’s merchant payment services utilize stablecoin technology to move money between digital currencies securely and quickly. Circle accepts crypto payments in currencies like Bitcoin, Etherium, USD Coin and Euro Coin.

 

Location: Boston, Massachusetts

Algorand’s blockchain and related technology aim to reduce the gaps between traditional and decentralized finance, implementing next-generation protocols to make financial transactions more equitable. The company’s technology is enabled by a set of Layer-1 blockchains to provide scalability, security and smart contract capabilities, with use cases ranging from securities and supply chains to insurance, gaming, digital certifications and beyond.

 

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Blockchain Smart Contracts

Smart contracts are like regular contracts except the rules of the contract are enforced in real-time on a blockchain, which eliminates the middleman and adds levels of accountability for all parties involved in a way not possible with traditional agreements. This saves businesses time and money, while also ensuring compliance from everyone involved. 

Blockchain-based contracts are becoming more and more popular as sectors like government, healthcare and the real estate industry discover the benefits. Below are a few examples of how companies are using blockchain to make contracts smarter.

 

Chainlink Labs is a Web3 services platform. Its enterprise-grade oracle infrastructure helps users connect smart contracts to external sources like API services and data providers so clients can verify the outcome of real-world events that happen outside the blockchain.  

 

Location: San Francisco, California

With DFINITY’s Internet Computer, an open-source blockchain network, users can build decentralized applications and Web3 services directly on-chain. The Internet Computer offers scalable smart contracts and low-latency consensus, which supports Bitcoin network integration, decentralized social media apps plus NFT storage and community resources.

 

Location: Mountain View, California 

Google provides solutions for Web3 businesses and ecosystems such as its Blockchain Node Engine, which can streamline smart contracts and reduce blockchain DevOps needs. Blockchain Node Engine allows users to fully manage blockchain nodes, quickly relay transactions and deploy smart contracts under support of the Google Cloud network.

 

Location: Denver, Colorado

BurstIQ’s blockchain platform helps doctors securely manage and gather insights on sensitive health information. Each smart contract gives users full data ownership, letting them decide how their data is used in personalized healthcare products, services and marketplaces.

 

Location: Palo Alto, California

Propy is a global real estate marketplace that lets users buy and sell homes on Web3 technology. The marketplace uses blockchain and smart contracts to make property transactions immutable and protect against title fraud. Propy also offers homes that can be purchased or sold using cryptocurrency or as an NFT.

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Blockchain and IoT

The Internet of Things (IoT) is the next logical boom in blockchain applications. IoT has millions of applications and many safety concerns, and an increase in IoT products means better chances for hackers to steal your data on everything from an Amazon Alexa to a smart thermostat.

Blockchain-infused IoT adds a higher level of security to prevent data breaches by utilizing transparency and virtual incorruptibility of the technology to keep things “smart.” Below are a few companies using blockchain to make the Internet of Things safer and smarter.

 

Location: New York, New York

HYPR thwarts cybersecurity risks in IoT devices with its decentralized credential solutions. The company’s platform utilizes the FIDO Universal Authentication Framework, a native and decentralized firmware solution that can validate IoT devices. By taking passwords off a centralized server, and using biometric and password-free solutions, the company makes IoT devices more protected and data-compliant.

 

Location: Palo Alto, California

Xage is the world’s first blockchain-enabled cybersecurity platform for IoT companies. The technology manages multiple devices at once with multi-factor authentication plus self-healing services in the case of breaches. Xage is primarily used by IoT companies in the transportation, energy and manufacturing industries, like Microsoft, Dell and the U.S. Air Force.

 

Location: San Francisco, California

Housed on blockchain, Helium’s People’s Network is the world’s largest LoRaWAN network, or contiguous wireless network which connects and transfers information between IoT devices. The network is able to track and report on real-time asset data, powering monitoring and management efforts for smart agriculture, smart cities, smart water and logistics. Hotspot devices compatible with the People’s Network can even be used to mine HNT cryptocurrency.

 

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Blockchain Security

According to AARP, Americans lost up to $8.8 billion due to investment scams and fraud in 2022. Fraud on this scale can occur via everything from forged documents to hacking into personal files.

By keeping social security numbers, birth certificates, birth dates and other sensitive information on a decentralized blockchain ledger, the government could see a drastic drop in identity theft claims. Here are a few blockchain-based enterprises at the forefront of identity security. 

 

Location: Palo Alto, California

Civic is a blockchain-based identity technology for users and decentralized applications. For individuals, Civic allows the creation of Web3 profiles that act as a cross-chain access ID card and NFT wallet. For businesses, developers can customize access tokens and identity verification into their Web3 projects, choosing to account for credentials like government-issued IDs, location, age and bot detection.

 

Location: Salt Lake City, Utah

Evernym, part of Avast, features its distributed ledger platform that lets individuals manage their identities all over the web. The company’s technologies verify user credentials and are built to be scalable and integrable to multiple types of back-end systems. Users can even store credentials on Evernym’s secure digital wallet, Connect.Me.

 

Location: Rochester, New York 

Ligero provides lightweight, scalable protocols for secure multiparty computation and zero-knowledge proofs, providing a highly capable platform for facilitating decentralized collaboration both on and off blockchain. The platform makes it possible to complete confidential transactions, private smart contracts, secure auctions for decentralized exchanges and enable verifiable machine learning capabilities, and is led by a team of capital and cryptography experts with decades of experience.

 

Location: Los Angeles, California

Ocular’s anti-money laundering compliance platform leverages blockchain-enabled security to ensure data cannot be manipulated. The technology uses biometric systems to scan the faces and voices of individuals and prevent identity theft and meet security compliance in areas of finance.

 

Blockchain Applications | Blockchain Applications Examples | Blockchain Technology | Video: Simplilearn

 

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Blockchain in Healthcare

Blockchain in healthcare solutions have shown the potential to reduce healthcare costs, improve access to information across stakeholders and streamline business processes. An advanced system for collecting and sharing private information could be just what the doctor ordered to make sure that an already bloated sector can trim down exorbitant costs.

 

Location: San Francisco, California

Using blockchain, Chronicled works to automate business settlements and product verification within the life sciences industry. The company’s MediLedger network houses records of contracts between manufacturers and wholesalers, as well as maintains DSCSA compliance for distributed pharmaceutical products.

 

Location: Fully Remote 

Medicalchain’s cooperative blockchain platform allows for an easier and more secure flow of information. With Medicalchain, doctors no longer have to wait on insurance information. The blockchain can automatically verify whether a patient has insurance and is covered. Additionally, drug and clinical trials can easily identify top candidates through a blockchain-based portal that safely shows patient medical records and identifies prime contenders for different trials.

 

Location: San Francisco, California 

Nebula Genomics is on a mission to understand the human genome and to make personal genomics more affordable and accessible. The company’s whole-genome DNA sequencing tests are the only tests available that decode 100 percent of an individual’s DNA. All information gathered from an individual test is totally anonymous and kept private through a blockchain-based encryption, so a user’s data can never be identified or stolen.

 

Location: Atlanta, Georgia

Patientory is an all-in-one medical record system for patients and doctors alike, backed by blockchain technology. With Patientory, a patient’s medical history, records, current providers and mostly everything else a medical doctor would need to know is secured and constantly accessible. The blockchain-platform allows for patients and doctors to stay in constant communication, while a steady pipeline of medical data allows for any medical professional to quickly and safely diagnose patients based on a clearer medical history.

 

Location: Baltimore, Maryland

For both health professionals and families providing care, WholeCare simplifies and streamlines patient care. The WholeCare platform brings personalized care plan information, medication protocols, appointment creation and high quality resources into an easily distillable platform. Built on a blockchain network to remain as secure as possible, WholeCare provides HIPAA-compliant record keeping so all people involved in the care process can maintain peace of mind.

 

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Blockchain Logistics

A major complaint in the shipping industry is the lack of communication and transparency due to the large number of logistics companies crowding the space. According to a joint study by Accenture and logistics giant DHL, there are more than 500,000 shipping companies in the U.S., causing data siloing and transparency issues. The report goes on to say blockchain can solve many of the problems plaguing logistics and supply chain management.

The study argues that blockchain enables data transparency by revealing a single source of truth. By acknowledging data sources, blockchain can build greater trust within the industry. The technology can also make the logistics process leaner and more automated, potentially saving the industry billions of dollars a year. Blockchain is not only safe, but a cost-effective solution for the logistics industry. Here are some companies on the cutting-edge of logistics blockchain technology.

 

Oracle’s Intelligent Track and Trace application for supply chain management is powered completely by blockchain. The software enables multi-tier visibility across supply chain systems, letting users detect issues in food processes, monitor product temperatures and track shipped equipment.

 

Location: Dallas, Texas  

Utilizing blockchain and AI technology, Slync.io’s Logistics Orchestration platform works to provide shipping accountability and insights. Document management, order automation and access to a collaborative business network are all available to streamline logistics operations.

 

Location: San Francisco, California

Chain builds cloud-native blockchain infrastructures and integration solutions for supply chain and logistics management. The company’s solutions include milestone automation, shipping automation, freight operations and more service integrations to scale supply chain businesses regardless of existing architecture.

 

Location: Plantation, Florida 

Shipping giant DHL is at the forefront of blockchain-backed logistics, using it to keep a digital ledger of shipments and maintain integrity of transactions. DHL has a major presence in the U.S. and is one of the largest shipping companies to embrace blockchain.

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Blockchain and NFTs

Non-fungible tokens (NFTs) have been the hottest blockchain application since cryptocurrency. These digital items, like music, art, GIFs and videos, are sold on a blockchain, ensuring that a sole owner can claim full rights to it. Thanks to blockchain technology, consumers can now claim sole ownership over some of the most desirable digital assets out there.

Below are a few examples of companies taking advantage of the NFT wave.

 

Location: Fully Remote

Dapper Labs is one of the first companies to explode thanks to the NFT craze. It partnered with the NBA to bring about “NBA Top Shot,” an NFT marketplace where buyers can become owners of digital media from their favorite NBA players or teams. Users have the opportunity to own collectible moments that range from a LeBron James highlight reel dunk to an Anthony Davis blocked shot GIF.

 

Location: New York, New York 

OpenSea hosts one of the largest NFT marketplaces in the world, where users can buy, sell and create amongst millions of NFTs. Visitors may browse NFT art, gaming or photography pieces and view real-time price offers and trending NFT collections. OpenSea is backed by companies like Coinbase and Trust Wallet, and sits at a trading volume of over $20 billion.

 

Location: New York, New York 

Candy operates an NFT ecosystem that allows fans and collectors to interact with top sports, art, music and cultural icons in the form of official licensed digital collectibles and maximize investment. The company works directly with athletes, artists and content owners to bring their NFT projects to life, highlighting entities like Major League Baseball, Netflix and WWE.

 

Location: Fully Remote 

RECUR mints popular IPs and brand figures into digital collectibles for consumers. Fans of sports or movies can buy and resell NFTs related to their favorite franchise, as well as participate in curated challenges to boost their marketplace experience. RECUR’s services have been used to create NFT marketplaces for IPs by Paramount, Sanrio, college basketball teams and more.

RelatedDid the NFT Bubble Burst?

 

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Blockchain in Government

One of the most surprising applications for blockchain can be in the form of improving government. As mentioned previously, some state governments like Illinois are already using the technology to secure government documents, but blockchain can also improve bureaucratic efficiency, accountability and reduce massive financial burdens. Blockchain has the potential to cut through millions of hours of red tape every year, hold public officials accountable through smart contracts and provide transparency by recording a public record of all activity, according to the New York Times.

Blockchain may also revolutionize our elections. Blockchain-based voting could improve civic engagement by providing a level of security and incorruptibility that allows voting to be done on mobile devices.

The following companies and government entities are a few examples of how blockchain applications are improving government. 

 

Location: Raleigh, North Carolina 

Kaleido boasts blockchain-based solutions for running and deploying ledgers across several industries, one being government. The company’s services can be utilized for risk reduction and auditing, overall streamlining operations in the sectors of public health, education, customs and payment. Kaleido’s solutions have been used by organizations like the United Nations, Centers for Disease Control and Prevention and the World Wide Fund for Nature.

 

Location: Blacksburg, Virginia

Follow My Vote is a secure online voting platform using an open-source virtual blockchain ballot box. The technology decreases spending on physical ballots and can be accessed via any device. Follow My Vote implements the end-to-end tools that elections need in order to provide total safety and confidence in the voting process.

 

Location: Boston, Massachusetts

Voatz is a mobile voting platform that runs on blockchain. The encrypted biometric security system makes it secure to vote on a mobile device from anywhere in the world without fear of hacking or data corruption. West Virginia is one of the first states to use Voatz to collect votes from eligible service people and travelers abroad during elections.

 

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Blockchain in Media

Many of the current problems in media deal with data privacy, royalty payments and piracy of intellectual property. According to a study by Deloitte, the digitization of media has caused widespread sharing of content that infringes on copyrights. Deloitte believes blockchain can give the industry a much needed facelift when it comes to data rights, piracy and payments.

Blockchain’s strength in the media industry is its ability to prevent a digital asset, such as an mp3 file, from existing in multiple places. It can be shared and distributed while also preserving ownership, making piracy virtually impossible through a transparent ledger system. Additionally, blockchain can maintain data integrity, allowing advertising agencies to target the right customers, and musicians to receive proper royalties for original works. The following companies are helping grow the popularity of blockchain in our media.

 

Location: New York, New York

Madhive is a blockchain-based advertising and data solution for digital marketers. The platform tracks, stores and generates reports on customer activity, saving all the data to a private blockchain. Madhive’s targeted audience reports and real-time data monitoring give advertisers insights into their customers without compromising data privacy.

 

Location: Boston, Massachusetts

Open Music Initiative is a Boston-based nonprofit creating an open-source protocol to identify original creators and music rights holders. By trusting their music rights data to blockchain, the nonprofit is making it easier for artists and musicians to be recognized for their work and compensated correctly. The initiative has backing from various areas of the music industry, including producers and radio stations, as well as media giants like Netflix and Spotify.  

 

Location: New York, New York

Steemit is a social media platform that rewards community involvement through crypto tokens, and is built on the Steem blockchain. Using payment as incentives, its platform encourages people to create original content and participate in contests on the site. The amount of tokens distributed is based on community engagement and upvotes from other users.



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