Blockchain and dApp development have become a major technology trend that business owners have looked to implement. The looming question is whether dApp development is only a trend or is it actually the next major technology that will change life as we know it? A variety of industries have found dApp development to harness the vast potential for transforming their businesses. Let’s take a look at two major industries that blockchain is predicted to drastically change.
Gaming
Gaming is a billion dollar industry, not only in the form of playing video games but also with streaming video games and mobile transactions. Games ranging from mobile to PC and console games typically require in-app purchases for bonus content, in-game currency, and downloadable expansions. These add-ons have provided game companies with opportunities to earn even more revenue.
Blockchain can also help cut out middlemen in citizen services requiring a transfer ownership over to another party, such as selling a car or house. Total data transparency can also keep government officials under the watchful eye of citizens, allowing them to trace any files or transactions directly back to its source. The idea of total data transparency does come with some potential drawbacks, mainly in the form of spying from rival countries that might peek into any transparent databases. By keeping the citizens’ best interests first, blockchain technology will place power back into the hands of the people. Overall this creates a more optimized way for documentation to be processed while giving citizens the power to directly influence decisions.
The future of dApp development
There’s definitely plenty to be excited about with the vast opportunities that exist for dApp developers and businesses alike. Blockchain technology not only allows individuals the chance to have a greater amount of power, it also gives business owners the ability to be free from third party interference when producing their product or service. Blockchain can also revolutionize the way government agencies operate by providing a more transparent view of government processes. The future is definitely bright for blockchain as it transforms not just businesses, but also the world.
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