10 Great Ideas for Generating Useful Blockchain Projects

The field of blockchain development has been evolving at a sky-rocketing speed that has been drastically increasing the demand for blockchain developers and software engineers, and the need for diverse kinds of blockchain development projects. Projects stem from ideas.

Great ideas have been at the foundation of blockchain’s success in revolutionizing the way people interact with data, track data, and store data in the form of blocks under a decentralized and distributed system that is highly reliable and enables people to interact directly with data in real-time, without the need for mediators or middlemen.

An idea can serve as a template that can be tailored in one or more ways to create what is most suitable, depending on the need of the hour. If you arrived at this post looking for ideas that can inspire you to generate beneficial blockchain projects, then look no further because you’ve come to the right place that would shed enough light on a wide range of ideas that can inspire you to generate beneficial blockchain projects for the real world. Here is a list of interesting ideas that can be implemented as blockchain projects:

1. Decentralized web hosting systems

The present-day web hosting system hosts all types of web code, content (including textual), and media content mainly on a centralized location that can be accessed on the Internet from anywhere in the world.

But imagine the handicap a user would fall into if the centralized location decides to take down the server because of planned server maintenance, or when the server is overloaded. With the decentralization that blockchain brings, a decentralized web hosting system can be created to address this problem.

With blockchain, websites won’t necessarily require central servers, as the blockchain can help divide website content into granules, circulate the content around the internet, and also use a blockchain registry to link them together.

2. Blockchain-based document storage systems and exact shipment location data

First, blockchain can help build secure and easy-to-access document storage systems where people can store documents and licenses that are very important and may be required at any point in time.

Implementing such a system would ensure fast, convenient, paperless, and secure transactions, accessible to users and corporations, governments, or any system. The idea behind this system works accordingly: a user uploads their documents to the blockchain system and corporations, governments, or any system, and gains permission from users before accessing users’ documents on the blockchain and using them.

Second, blockchain can help solve problems due to inadequate or inaccurate exact shipment location data. Presently, most logistics companies offer only main location details such as names of city hubs, collection centers, and sporting facilities.

In most cases, the exact shipment or live location details are unknown and remain unknown. Everything becomes worse when a system failure occurs or a lot of data gets missing.

Good ideas backed by a formidable blockchain can implement a system that solves this problem by gathering more precise/exact location data from various interconnected systems and providing precise/exact location details to customers.

Projects that are founded on this idea can be applied to the airline industry to find lost baggage, and the car rental industry to track rented cars.

3. Peer-to-peer cab and ridesharing facilities

Many radio cab facilities and carpooling systems are associated with middlemen who represent agencies. With blockchain in the equation, middlemen are removed; in cases where major agencies (like Uber) shut down, businesses can still go on without any intermediary. An idea built on a strong blockchain project would make it possible for drivers and riders to link, do business, and build and engage in reliable transportation services.

4. Renting unused disk space 

The idea of renting unused disk space in a blockchain and peer-to-peer network is attractive because it would be completely decentralized and allow anybody from any part of the world on the network to rent out their unused disk space which can be linked with others to form a massive worldwide cloud, globally, and still inspire further evolution of today’s cloud storage.

5. KYC (know your customer/client) verification

KYC verification is important for updating data, people’s information, and verifying their identity. It is increasingly being used by new start-ups and, if implemented with blockchain, would enable the easy and secure transfer of KYC verification stamp/data from one place, person, or entity, to another.

One instance of how this idea can be implemented: a user or customer uploads their KYC data to a blockchain; a bank or institution can access KYC data from the blockchain without using any intermediaries; then other entities or organizations can verify the KYC performed by the bank or institutions.

6. Identify fake products by using the barcode scanning system

In today’s world where fake manufacturers abound and popular brands sell counterfeit items at cheaper rates, not everyone and every company expert is still capable of distinguishing between real items and fake ones.

But with 2D barcodes embedded on products made by the original manufacturer and linked with a blockchain system, the picture would look completely different: with a smartphone, anybody can scan a 2D barcode and their smartphone will instantly inform them about whether a product is fake or not.

7. Widen/diversify the use of loyalty points

The drawback of most brands and companies is that they reward customers with only their own loyalty points. This makes it impossible for some deserving customers to use their loyalty points on other platforms, with other brands or companies, or exchange them with family or friends.

However, with blockchain, it’s possible to create a decentralized network involving different platforms and permitting the use and exchange of loyalty rewards outside of their current individual domains.

8. Detect transparency and genuine charities

Although some people have always been interested in giving help back to the community via charities, others are discouraged because of fear that their donations could get diverted or may not be used for the intended purpose.

Some people are interested in helping the poor and defenseless in society, but are not sure whether their donations will reach the right people. Many fake organizations pose as real ones and deceive people in the name of charity. 

All things being equal, blockchain can end this problem with a system that permits poor/needy people to upload a dashboard or portal connected to a blockchain system and allow each individual (needy person) in the community to access their respective data from the blockchain in a direct, easy, safe, and secure manner, thus ensuring transparency and genuineness in transactions.

9. Smart contracts for implementing trustworthy crowdfunding platforms

Presently, many crowdfunding platforms have trust and accountability issues; in fact, reliable sources state that 85% of start-ups experience delays over deliveries and 14% don’t even deliver anything promised to angel investors. In many other cases, investors either misuse their money or invest it in the wrong campaigns.

By bringing blockchain into the equation and a smart contract to help manage and block funds until a desired time, crowdfunding platforms can become more accountable, less wasteful, and precisely show investors where their money is going, what they are spending it on, and how they are spending it.

10. Blockchain-based systems

  • Blockchain-based voting system: Even after replacing paper-based voting systems with electronic voting systems, people still have doubt about the present-day’s voting system and its ability to protect data and prevent it from being altered. Blockchain can make a difference by allowing voting through mobile apps linked to a blockchain system, public verification of election results in each country, and ensuring transparency, preventing manipulation of results by agencies, entities, or even governments.
  • Blockchain-based land/property registering system: On a consistent basis, many documents on property or land are being falsely claimed by people, fraudulently acquired, and lost. Blockchain’s underlying technology could help solve these and related issues, maintain records of transactions, and subsequently store processed data in a system that prevents data manipulation and guarantees enhanced immutability.
  • Blockchain-based trackback food system: Nowadays, how many people are actually sure that they are purchasing organic food?  How many are aware when a bird-flu outbreak occurs in poultry farms? With blockchain technology, a system can be implemented to help consumers to trackback or trace the origin of food or meat products, thereby raising the trust level of consumers.
  • Blockchain-based patient data management system: Much of the stored data in centralized healthcare systems needs more privacy and safety, and the trust of patients whose information is stored on them. A stronger system implemented built on the blockchain would ensure that when a user’s health information is stored as a smart contract on the blockchain, only that user would be able to give permission for their information to become accessible under certain permissions that ensure and maintain the security of their data. Anybody would need to get permission to access data. This would help preserve the privacy of patients’ data.

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