Latest Projects Based on Blockchain

In recent days you might have come across terms like blockchain, bitcoin, cryptocurrency, etc. frequently. Blockchain is a technology that finds its applications in financial institutions, cryptocurrency, healthcare, real estate, etc. Since the blockchain stores its data globally in different servers - allowing everyone to see the entries in real-time, it is difficult for an individual to take over the control or manipulate the data. We are going to use blockchain to develop a voting system to eliminate the election frauds. 

In this blockchain-based voting system project, we will develop a distributed electronic voting system and also identify the technological limitations of using this system. 

Cryptocurrency has become a hot topic these days, which was once an academic concept and is now adopted in various industries. In this blockchain project, we will learn to develop a cryptocurrency from scratch. So just assume that you are going to launch a startup or business and you want to adapt your business to the new world by creating your own cryptocurrency. This blockchain tutorial explains all the concepts such as What is blockchain, what a cryptocurrency is, and how to make your own cryptocurrency.

Smart Contracts are similar to the traditional contracts but the difference is smart contracts are enforceable by code where traditional contracts are enforceable by law. Thus Smart Contracts can revolutionize the way the business and people interact. In this blockchain project, we will learn how to build a smart contract using the Ethereum Blockchain platform. 

How Smart Contract works?

Smart contracts are digital contracts that contain security coding of the blockchain. It consists of details and permissions written in code and it requires the exact sequence of events to take place to start the acceptance of the terms mentioned in the smart contract. It also consists of time constraints that display the deadlines of the contract. 

For instance, Alice is a homemaker who wants to clean her lawn so she uses a blockchain marketplace and specifies the amount of cryptocurrency that she is willing to pay. Similarly, Bob is a man eager to earn money by doing part-time jobs and he accepts to take the job. Now the blockchain market place creates a smart contract for the lawn mowing job and if Alice confirms that the job is done the money will be transferred to bob’s account else the smart contract will automatically revert back the money to Alice. 

Latest Projects based on blockchain