5 Everyday Things Ethereum Could Improve
Ethereum has proven its worth since launching a year ago.
The revolutionary technology has taken the financial, technological and banking industries by storm. Its innovative blockchain allows the development of smart contracts and Dapps by excluding a third party. While those industries are very likely to prosper because of their enthusiasm and knowledge, other organizations are left in the dark of new technologies. By using Ethereum, these businesses would not only boost their security, but also their credibility.
Developing a Dapp in the name of voting would save time and producing faster results, and this only seems appropriate seeing as how we’re in an election year.
All registered voters would already be in the system, just as they are now. Instead of providing an ID, there will be other ways to prove your identity. The Dapp could use biometrics such as fingerprint, eye scan or the user could just provide a specific code. These little identifiers would prevent voter fraud, therefore preventing a swayed election. The best part is these Dapps could be made available online, which will help save you from waiting in those long lines at the elementary school.
Crowdfunding is one of those projects that proves people really have the power. Through sites like Kickstarter and GoFundMe, your idea can become a reality because of the aide from your peers and not from investors.
Ethereum can provide a unique spin for crowdfunding. Similar to a normal site, a start-up can pitch their idea and their peers will send money. By using the blockchain, the peers and their seed amount will be recorded. This ledger will come in handy if the project succeeds. For their contribution, people will be rewarded based on the percentage they provided.
It’s a struggle when you are assigned a new doctor and you have to fill out the same paperwork everytime. It would be easier just to transfer all of your health records to avoid this process.
With Ethereum, it would be possible. A smart contract could be created holding your medical records. No one would have access to them. You would be the only one to grant hospitals and doctors your information. This could come in handy in case of any emergency. Let’s say someone is unconscious and cannot provide their history. With a fingerprint scan, the EMTs, nurses and doctors would be able to see their allergies, past injuries and any problems that lead to this emergency.
The popularity of streaming services such as Netflix and Hulu is unstoppable. More and more people are disconnecting their cable to pay for programs and channels they want to watch. However, not everyone watches all the content provided on these channels.
A development of an entertainment Dapp could ease users from paying too much per month. In theory, the user would only pay for the program they want to watch instead of a flat monthly fee. For every episode or film, you would pay approximately 25 cents instead of $4.99 for 24 hours.
Dating is hard these days. The Internet is full of scam artists and jokers trying to take advantage of (or “catfish”) your love life.
With a Dapp, you will really know who you are meeting. It will verify their profile, background and any past issues they may have had with previous dates. This hypothetical Dapp could also prevent these people from creating multiple accounts. In turn, this could make dating a whole lot safer. Worries of getting cheated or scammed woudln’t really exist.