Blockchain is an emergent technology evolving at a fast pace. There is a lot of demand for software engineers in the blockchain. If you have stumbled upon this article, you are probably learning blockchain or wanting to learn blockchain soon. If you are not, read top reasons to master blockchain.
Blockchain is conceptually completely new and the best way to learn it is by doing hands-on than just going through documents and watching videos. Below are some blockchain project ideas that will suit beginners and students
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10 Best Blockchain Project Ideas
Trusted Crowdfunding Platform Using a Smart Contract
As per trusted reports, 85% of startups delay the delivery, and 14% don’t deliver at all what was promised to the angel investors. As of today, crowdfunding platforms have accountability and trust problems. In many cases, money from investors has gone into wrong campaigns and has been misused.
Implementing a blockchain-based platform can bring in a change. With blockchain technology, investors can know to whom the money is going and how they are spending it. A smart contract helps to block the funds within blockchain until the project or startup founder makes progress in the project.
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Exact Shipment Location Data
Most logistics companies today offer only the location details of main locations like collection centre, city hubs and sorting facilities. The exact live location details are never known, and if the system fails, the entire data is lost.
Using blockchain, you can implement a system that collects location data from many interconnected systems and deliver exact location details to the customers. The application of this project can be extended to other areas like airlines to find lost baggage, car rentals for tracking rented car etc.
Our Learners also read: Career in Blockchain!
Peer To Peer Ridesharing
Most carpooling systems and radio cab facilities come with a middle man, the agency itself. So what if the agency like Uber decides to shut down business in the city? If ride-sharing and car hire are moved to the blockchain, without an intermediary, both riders and drivers can get connected directly. If the project is completed successfully, it can build a network that will provide safe, reliable transportation.
A Fake Product Identification System
Every popular brand has fake manufacturers selling a counterfeited item at cheaper rates. Even the company experts may not be able to distinguish between fake ones and real ones. What if the original manufacturer has embedded a 2D barcode on the product which is tied to a blockchain system.
You can scan the 2D barcode using your smartphone, and your smartphone will tell you whether the product is fake or not. This is an outstanding project idea and if successfully implement big brands are going to knock at your doorstep, and you know why…
Blockchain-Based Voting System
Electronic voting systems have replaced paper-based systems, but even now, people doubt the voting system’s ability to secure the data and defend against any attacks. The blockchain-based system can ensure transparent and publicly verifiable elections in the country. If implemented successfully, voting can be done using a mobile application that is attached to a blockchain system.
Also read, Blockchain career and its future growth
Transparent and Genuine Charity Application
Many fake charity organizations pose as genuine and loot money from innocent people in the name of charity. Most people want to donate money to a good cause of charity, but they are unsure if the money is going to reach the right hands of the destitute. The blockchain system can bring transparency to online charity trusts. Contributors can see the journey of the donation in realtime and confirm if it’s reaching the deserving hands or not.
A Decentralized Web Hosting System
The way web hosting works today is by hosting all the web content including textual content, code and media content on a centralized location which can then be accessed over the world wide web. But did you know? Your site is going to be down when there is server maintenance or if a load of the server gets high.
What if with blockchain, your website doesn’t require a central server? With blockchain, you can split your website content into granules and distribute it all over the internet and then link them together using a blockchain registry.
Disk Space Renting System
The idea here is to allow everybody on the planet to rent out their unused disk space which can be attached to a blockchain registry to create a massive worldwide cloud. The idea is similar to the peer-to-peer network, but with blockchain, it’s going to be completely decentralized.
This idea can be implemented as a small project, but if applied globally, it can change the face of today’s cloud storage. This concept can also be extended to your compute power and memory provided you have an ultra-high-speed internet connection.
Loyalty Points Exchange System
With payback.in being an exception, most other brands and companies reward customers with their own loyalty points. This drawback in today’s system is a very unacceptable downside as the deserving customer cannot use his loyalty points with other companies or brands. Customers also cannot exchange or trade loyalty points with friends or family. With blockchain, you can implement a project that allows consumers to combine and transparently trade loyalty rewards.
Trackback Your Food to its Source –
You want to eat organic. You can buy organic, but do you really know if it’s organic? You know that there is an outbreak of bird-flu in few poultry farms, but do you know if the chicken leg in your plate came from one of those infected farms?
Using blockchain technology, you can implement a system that can help consumers trace back the journey of fresh produce or meat to its source. Thereby, consumers can buy the product with a lot more trust.
These are ten project ideas that can be implemented by students and other beginners.
Pick the one that best suits you and please do tailor the concept as per your need. Above all, we hope this article was able to shed some light on the wide range of applications blockchain has on the real world.
There is a rise in careers in blockchain technology and blockchain has tremendously changed the very face of the technology industry forever. If you’re interested to become a blockchain developer and build smart contracts and chaincodes, checkout IIIT-B & upGrad’s Advanced certificate program in blockchain technology
How can blockchain technology be used to create trust?
To create a trust using blockchain, you would need to first create a blockchain account. This account would be used to store the information about the trust. You would then need to create a blockchain transaction that would create the trust. This transaction would include the information about the trust, such as the name of the trust, the name of the trustee, and the name of the beneficiary. You would also need to include the initial amount of money that is being deposited into the trust. and the date of the transaction. Finally, you would need to sign the transaction with your private key.
How can businesses take advantage of blockchain technology?
One of the most important features of blockchain is that it is a safe, transparent, and tamper-proof method of data storage. As a result, it's a useful tool for companies that need to keep track of data and transactions. It has the potential to save costs and expedite transactions. Technology can automate specific jobs and procedures, eliminating the need for third-party middlemen. It can assist companies in becoming more productive by streamlining processes and automating specific jobs. This can save time and money for businesses. It can also assist businesses in gaining client trust by allowing them to store data in a secure and transparent manner. This helps companies attract and retain customers.
What are the benefits of using blockchain technology?
Blockchain technology can upgrade your existing technology by making it more secure. It increases the confidentiality of documents by increasing the anonymity of senders. It also increases the speed of transactions and makes your system more efficient. It increases the independence of the user and enables individuals to make their own decisions by shifting the command of the choices from the center to the nodes.