The last two decades have seen the most growth in terms of technology—the accessibility of the Internet paving the way for greater globalization, the invention of mobile phones allowing individuals to send their love to their loved ones in the blink of an eye, just to name a few. But the world has yet to see the limits of what humanity can achieve. Staggering the accomplishments that our predecessors may have attained, but the world is aware that we can definitely do greater.
And with the help of blockchain technology, our IT developers and tech innovators have created ways to better improve the quality of lives that we are living. Here are 5 blockchain-powered alternatives to mainstream platforms.
IBM Blockchain World Wire
This tech giant IBM’s masterpiece took a year to complete, and which it believes can “clear and settle cross-border payments in near real-time.”
Named Blockchain World Wire, the payments platform could become the solution to the longstanding problem with cross-border payments transactions, as it promises to transact faster, and to remove unnecessary paperwork and intermediaries.
What’s more interesting is that cryptocurrencies will play a pivotal part in the success of the overall system.
According to an IBM document:
“The solution uses digital assets to settle transactions—serving as agreed-upon store of value exchanged between parties—as well as integrating payment instruction messages. It means funds can now be transferred at a fraction of the cost and time of traditional correspondent banking.”
If you’re someone who’s getting annoyed by unsolicited advertisements while browsing, then Brave should be the perfect solution for you. This blockchain-powered browser blocks third-party ads and trackers by default, and it also incentivizes its users with its native crypto token named Basic Attention Token (BAT).
The browser has improved privacy and security features than many mainstream browsers. Also, it claims to browse the web faster than popular options like Chrome and Safari.
Publishers and other content contributors will also be well compensated, as the system allows users to reward them with the said token.
Minds And JET8
Minds is a newly-minted social media platform which has the properties of Facebook, Twitter, and Youtube, all on one site. It also has a reward system which allows users to obtain MIND Tokens for their contributions both to the site’s content and for helping in the platform’s code development. The said token can also be purchased.
But the best thing about Minds is that it is open sourced, which means that anyone can be able to see that the network is not invading the privacy of its users. Minds CEO and Co-Founder Bill Ottman said that they designed this way so that users would be able to demand the privacy that it deserves. “If you’re not going to give your community the software code how can you expect to be transparent?” Ottman asked. “You have to show that the software is not spying on you.
JET8, on the other hand, is a social media advertising network which provides fertile ground for budding social influencers to gain renown and voice. Through its apps, users would be able to share branded selfies and videos with their followers across varying social media platforms, allowing some to even jumpstart their careers as brand ambassadors.
Over 50 multinational brands and marketers have utilized JET8’s platform, including Procter & Gamble, McDonald’s, Unilever, Coca-Cola, Pepsi, and Nestle.
If you are also becoming a little bit more paranoid with your email conversations’ privacy, then you may switch to ProtonMail, an encrypted email platform which has been in existence since 2014.
Just like many email service providers, ProtonMail is free to use, has over 3 Million users to date. Of course, you can also opt for a paid account, with a couple of extra perks of course.
ProtonMail is accessible through its Web version, and is also available for Android and iOS devices.
Everipedia is more than just a glorified web encyclopedia. It has proven to be better than Wikipedia in a number of ways. First, it has already exceeded the latter in terms of encyclopedia entries, making it the “world’s largest English encyclopedia” in terms of content. It also has over 8,000 registered editors in its platform, making sure that every entry is as accurate as needs be. Users can also view which specific entry is being edited on the site in real time.
On top of it, content editors will be enticed to provide valuable and accurate contributions, as the platform allows them to be remunerated with its native token named IQs. To do so, an editor will have to stake some IQ tokens along with the edition. And if the community deems it correct and helpful, the editor will be properly compensated. But if his editions are found erroneous, he will lose his staked tokens.
There are many more blockchain-based alternatives to our mainstream and decentralized platforms and services, and if we compiled them together, the list would not end, as there are powerful innovations being birthed every day.
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