Bitcoin used for Video games and other uses
Video games
A blockchain game Crypto kitties, launched in November 2017. the sport created headlines in Dec 2017 once a crypto kitty character - associate in-game, virtual pet - sold out for quite US$100,000. Crypto kitties illustrated scalability problems for games on Ethereum when it created significant congestion on the Ethereum network with about 30% of all Ethereum transactions being for the game.
Crypto kitties also showed how blockchains can catalog game assets (digital assets).
It creates specific token standards to support the employment of blockchain in the diversion. These include the ERC-721 standard of Crypto kitties for non-fungible tokens, and the more recent ERC-1155 standard, for the creation of both fungible (e.g. an in-game currency) and non-fungible tokens (e.g. a set of rare armor) on the blockchain.
Supply chain
There square measure a variety of efforts and business organizations operating to use blockchains in offer chain supplying and provide chain management.
The Blockchain in Transport Alliance (BiTA) works to develop open standards for offer chains. [citation needed]
Ever ledger is one amongst the inaugural shoppers of IBM’s blockchain-based trailing service.
Walmart and IBM square measure running an attempt to use a blockchain-backed system for offer chain observance — all nodes of the blockchain square measure administered by Walmart and square measure settled on the IBM cloud.
Hyper ledger Grid develops open elements for blockchain offer chain solutions.
Other Uses
I may accustom blockchain technology to produce a permanent, public, clear ledger system for collecting information on sales, tracking digital use and payments to content creators, such as wireless users or musicians. In 2017, IBM partnered with ASCAP and PRS for Music to adopt blockchain technology in music distribution. Imogen Heap’s Mycelia service has also proposed as a blockchain-based alternative “that offers artists a lot of management over however their songs and associated information flow into among fans and different musicians.”
New distribution methods are available for the insurance industry, such as peer-to-peer insurance, parametric insurance, and micro-insurance following the adoption of blockchain. The sharing economy and IoT are also set to enjoy blockchains because they involve many collaborating peers. Online voting is another application of the blockchain. Using blockchain in libraries is being studied with a grant from the U.S. Institute of Museum and Library Services.
Other designs include:
- Hyperledger may be a cross-industry cooperative effort from the Linux Foundation to support blockchain-based distributed ledgers, with projects under this initiative including Hyperledger Burrow (by Monax) and Hyperledger Fabric (spearheaded by IBM)
- Quorum–a permission able private blockchain by JPMorgan Chase with private storage, used for contract applications
- Tezos, decentralized voting.
- Proof of Existence is an Internet service that verifies the existence of laptop files as of a particular time.
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