UPDATED BY
Brennan Whitfield | Aug 10, 2022
REVIEWED BY
Omar Bheda | Aug 31, 2022

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 34 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 2022

 

blockchain applications money transfer
Image: Shutterstock

Blockchain in Money Transfer

Pioneered by Bitcoin, cryptocurrency transfer apps are exploding in popularity right now. 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: New York, New York

Chainalysis builds tools to help financial institutions and governments monitor the exchange of cryptocurrencies. The company’s due diligence software monitors and detects fraudulent trading, laundering and compliance violations, and builds trust in blockchain.

 

Location: Boston, Massachusetts

Boston-based Circle oversees the exchange and payouts of cryptocurrency between users. Circle’s investment and money transfer platform currently features seven different cryptocurrencies, including Bitcoin, Monero and Zcash.

 

Location: Boston, Massachusetts

Algorand develops technology that reduces the gaps between traditional and decentralized finance, implementing next-generation products and protocols to make financial transactions more equitable. The company’s technology is enabled by a set of Layer-1 blockchains to provide scalability, security, transaction finality, privacy, co-chain and smart contract capabilities, with use cases ranging from securities and supply chains to insurance, gaming, digital contracts and beyond.

 

Location: San Francisco, California

Chain builds cloud blockchain infrastructures for financial services. The San Francisco company’s cryptographic ledgers help financial institutions safely and efficiently handle the transfer of cryptocurrencies.

 

blockchain applications smart contracts
Image: Shutterstock 

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.

 

Location: San Francisco, California

With Dfinity’s Internet Computer, an open-source blockchain network, users can build decentralized applications and smart contracts at any file size. Using its network services, smart contracts can be stored directly on-chain, accessed without tokens and wallets as well as be implemented directly into browsers as its own site.

 

Location: Denver, Colorado

BurstIQ’s big data blockchain contracts help patients and doctors securely transfer sensitive medical information. The smart contracts establish the parameters of what data can be shared and even display details of personalized health plans for each patient.

 

Location: New York, New York

Mediachain uses smart contracts to get musicians the money they deserve. By entering into a decentralized, transparent contract, artists can agree to higher royalties and actually get paid in full and on time. Streaming giant Spotify acquired Mediachain in April 2017.

 

Location: Palo Alto, California

Propy is a global real estate marketplace with a decentralized title registry system. The online marketplace uses blockchain to make title issuance instantaneous and even offers properties that can be purchased using cryptocurrency.

Related 17 Blockchain Music Companies Reshaping a Troubled Industry

 

blockchain applications internet of things
Image: Shutterstock

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. By taking passwords off a centralized server, while using biometric and password-free solutions, the company makes IoT devices virtually unhackable.

 

Location: Palo Alto, California

Xage is the world’s first blockchain-enabled cybersecurity platform for IoT companies. The technology manages billions of devices at once and can even self-diagnose and heal possible breaches. Xage is primarily used by IoT companies in the transportation, energy and manufacturing industries.

 

Location: San Francisco, California

Housed on blockchain, Helium’s People’s Network is the world’s largest 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.

 

blockchain applications identity security
Image: Unsplash 

Blockchain Security

According to AARP, up to 42 million Americans were victims of identity fraud in 2021 alone. 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: 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: Palo Alto, California

Civic is a blockchain-based ecosystem that gives individuals insights into who has their information. The company’s users enter into smart contracts, where they decide who can share their personal information and how much. If the contract is broken or an unauthorized source tries to access private data, the individual is immediately alerted.

 

Location: Salt Lake City, Utah

Evernym’s Sovrin identity ecosystem lets individuals manage their identities all over the web using distributed ledger technology. Sovrin stores private information, acts as a communication medium between the individual and entities wanting private information, and verifies information as true in real-time.

 

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 of individuals applying for passports, driver’s licenses and other government issued IDs. By viewing biometric systems on blockchains, governments can more easily catch identity thieves forging fake passports, certificates and IDs from other countries.

 

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

 

blockchain applications healthcare
Image: Shutterstock

Blockchain in Healthcare

Blockchain in healthcare, though early in its adoption, is already showing some promise. In fact, early blockchain solutions have shown the potential to reduce healthcare costs, improve access to information across stakeholders and streamline businesses 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: Baltimore, Maryland

For both health professionals and families providing care, WholeCare simplifies and streamlines the influx of information necessary to properly manage and provide care for those who need it when they need it most. The WholeCare platform brings care plan information, medication protocols, appointment creation and high quality resources into an easily distillable platform that allows individuals, support systems and multi-care facilities to better understand how to provide the nuanced care possible. 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.

 

Location: Atlanta, Georgia

Patientory is an all-in-one medical record system for patients and doctors alike, backed by blockchain technology. One of the biggest issues with healthcare is the fragmentation of data across different providers and clinics. With Patientory, a patient’s medical history, records, current providers and mostly everything else a medical doctor would need to know is constantly and securely 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: 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: London, England 

Medicalchain’s cooperative blockchain platform allows for an easier and more secure flow of information that helps both the patient and medical professionals. 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.

 

blockchain applications logistics
Image: Shutterstock

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 US, 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.

 

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: 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 US and is one of the largest shipping companies to embrace blockchain.

 

Location: Florham Park, New Jersey 

Based in Denmark with offices all over the US, shipping giant Maersk has teamed up with tech giant IBM to infuse blockchain into global trade. The two companies will use blockchain to better understand supply chains and track goods digitally across international borders in real-time.

 

Location: Los Angeles, California

ShipChain is a fully integrated blockchain system serving the end-to-end shipping process. From the moment the shipment leaves the facility to the time it arrives at its destination, the logistics ecosystem safely tracks and documents every move to create a transparent ledger. Based in Los Angeles, ShipChain is aiming to modernize the $8.1 trillion supply chain market using blockchain.

 

 

blockchain applications nft
Image: Unsplash

Blockchain and NFTs

Non-fungible tokens (NFTs) have been the hottest blockchain application since cryptocurrency. The year 2021 brought a rise in these digital items that are currently taking the world by storm. NFTs are simply digital items, like music, art, GIFs and videos that 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.

Remember the 2011 meme Nyan Cat? That memorable GIF sold for $600,000 in ethereum on the blockchain. Before October, the digital artist “Beeple” never sold anything over $100. In March 2020, his digital work The First 5000 Days sold for an astounding $69 million. NFTs give buyers the chance to own digital moments, art, and culture that will outlive us all. Below are a few examples of companies taking advantage of the NFT wave.

 

Location: 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, college basketball teams and more.

 

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, opening up the doors to a secure marketplace where users can buy, sell and trade NFTs to maximize their investment. The company works directly with athletes, artists and content owners to bring their NFT projects to life, with one example series highlighting Major League Baseball’s 30 stadiums.

 

Location: 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 have the opportunity to become owners of digital media from their favorite NBA players or teams. Buyers have the opportunity to own collectible moments that range from a LeBron James highlight reel dunk to an Anthony Davis blocked shot GIF. To date, Top Shot has already produced more than $500 million in sales.

 

Location: Remote

Pixura is a platform that helps non-technical users to create, track and exchange digital NFTs on the blockchain. The company helps everyone from game studios to individual musicians and artists to create their own digital assets in just minutes. The company also created the site SuperRare, which has become one of the go-to sites for buying and selling digital art in the NFT era.

 

blockchain applications improving government
Image: Shutterstock

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 seven 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: 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 the company’s platform to collect votes from eligible service people and travelers abroad during elections.

 

 

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.

 

blockchain applications improving media
Image: Shutterstock

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: Austin, Texas

Steem is a social media platform backed by blockchain. Its “Proof-of-Brain” community uses tokens as incentives, encouraging people to create original content. The amount of tokens distributed is based on the number of upvotes each article receives. Steem has paid over $50 million in tokens to creators.

 

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 paid 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.       

Great Companies Need Great People. That's Where We Come In.

Recruit With Us