Blockchain nerds – Thoughts on applying token features to web/mobile apps?

10 points

9 years ago

As a developer working in the crypto space, I’ve always thought that applying blockchain features (scarcity / authenticity / traceability / security) to my own applications could be very impactful. If my app was wrapped in a blockchain protocol, I suddenly would have access to noteworthy capabilities. I could control the supply of the app’s distribution, which would imply to the consumers of the app that it is now a scarce resource. This would subsequently add value to whomever owns an instance of it.

To help visualize this, imagine a digital concert ticket with blockchain token characteristics. At a basic level, it is now authentic, traceable, and secure. It is on chain. What if you could add app-like features to it, make it do things when someone redeems it at an event? Some tickets could transform into backstage passes with exclusive content and could be considered a collectible. These collectibles are rarer than the tickets themselves and can be sold on an exchange to a “superfan.” You start to see that layering an ordinary ticket with blockchain characteristics greatly enhances its potential.

I would love to open up a discussion to see if anyone had thoughts/ideas on the matter, whether or not they think standard apps could benefit from blockchain?

Full disclosure: I currently work for a company called vAtomic and we have been working with BlockV and their “Virtual Goods” protocol like the one I just described for a few months now.

Take a look at their github if you’re interested: https://github.com/BLOCKvIO/documentation

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