Blockchain Technology business ideas and benefits to an entrepreneur

in #blockchain6 years ago (edited)

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Blockchain technology has bought ominous boom in all kind of Business sectors and specially in Finance.But there are numerous other sectors where this kind of productive technology can make more efficient and secure.Many entrepreneurs are looking for innovative and exceptional ideas to make money with the help of Smart contracts by Ethereum Blockchain.

Learn more about Smart Contracts - https://en.wikipedia.org/wiki/Smart_contract

Learn How to launch your own ERC20 token from Ethereum.org - https://www.ethereum.org/token

People use to search for making money through crowdfunding but why people will invest in your business while there are more than 100k a/c's on Etherscan.io where people can register there contracts which shows many people have tested Ethereum Blockchain Privately and Publicly.

So what these token can represent ,Tokens in the Ethereum ecosystem can be a tradable good: coins, loyalty points, gold certificates, IOUs, in-game items, etc.Basically we are seeing many startups involving blockchain technology as a tool to get support with decentralization which is main concept behind this technology.
My suggestion is to find something that really didn't exist and should be necessary to be decentralized which should be main reason behind using blockchain technology.People use to make money through crowdfunding which usually an exchange who needs to earn money but have no intention to serve public they just used money to start a new pair for trading.People need something which can provide them employment which should not be a malefaction for them.Try to think out of the box ,people will surely support your idea for betterment of them and future of this platform.Remember with great powers come great responsibility and if you eager to become rich then search something which can be beneficial for society.

Here are some successful ideas performed on blockchain -
Successful Blockchain Startup ideas

Best uses of Blockchain technology -

1.Steemit – Steemit is a blockchain based social blogging platform which was developed by Dan Larimer and Ned Scott in 2016.

  1. Walmart (retail) - Read idea - https://www.coindesk.com/walmart-using-blockchain-tech-make-shipping-smarter/

  2. Maersk (Container shipping) - Learn about Blockchain Cargo

Before Starting -

Do lot of research and study - Blockchain technology is not just an transaction platform it has lot more complex technologies used which can be transformed to your stage.To think out of box you have be patient and after having lot knowledge about its ecosystem and programming you can move further otherwise you may not discover any new idea and lack funding.

Think Different - Your idea must be innovative and productive ,choose best blockchain technology to develop your Dapp , Read - Productive ideas to develop Dapps on Etheruem Blockchain.

Build an Organisation - Build a team for further development and search like minded people who are willing to work with you and your project.Organize demo tests of your idea and build a prototype for further development which will encourage people to invest in your project.
Areas where Blockchain Business can set up
Authorship and ownership
E-voting
Commodities
Data Management
Diamonds
Identity and Authentication
Energy
Gaming
Gambling
IOT
Job Market
Media and Content distribution
Networks
Philanthropy
Real Estate
Ranking
Social Networks
Some Crazy ideas where Blockchain is implemented
Keeping Privacy Secure with Blockchain
Voting - Sovereign app,goal of eliminating electoral corruption and fraud.
Trading Commodities from seed to oil in a decentralized platform with the help of Blockchain Technology.
Sharing solar power - In Brooklyn,people with solar power panels can monetize by providing panels to leverage others and earning tokens in return. Company - LO3 Energy

Virtual cats Business - CryptoKitties ,buying virtual cats with $1.3 million in transactions of virtual cats within a month.
Improving Government Efficiency - Government is benefited to perform public functions which can reduce corruption and enhance productivity and security in the process of government.
Medical - Helps in keeping records of patient , According to MIT Media Lab, MedRec is, “a novel, decentralized record management system which is highly secure for accounting and data sharing ensuring confidentiality.”
Tacking the Refugee Crisis - UNWFP sent over 10,000 Syrian refugees cryptocurrency-based vouchers.

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