After 9 years of blockchain, killer apps emerge

Sure, we all know that Bitcoin and Ethereum represent killer apps — decentralized money, and a platform for governance, crowdfunding, and decentralized applications (dApps). But what will dApps on Ethereum be good for? Don’t worry, this story has a happy ending.

Currently, people invest a lot in infrastructure projects, thinking they’re worth more because, well, they’ve had good returns, and other things might be built upon it. That makes sense. However, infrastructure can also come in the form of dApps that run marketplaces across blockchains platforms, for example. The underlying platforms running the actual marketplace then become less interesting, like which exact flavor of an OS the server, or the client device, uses.

Amazon, FB, Instagram, Uber — These aren’t exactly infrastructure projects, though some of their login and other APIs might be considered as infrastructure. These are all marketplaces and networks.

When we start to see real, useful blockchain apps, they may likely be marketplaces as well. We’ll take a look at some examples of these in a minute.

First, let’s consider a few interesting, but potentially problematic examples of blockchain apps. What do you think of “medical records on the blockchain”? Would you want your private medical records to be stored on the blockchain forever? Even if encrypted, what if someone posts your private keys? Everyone in the world will have access to some of your most private information, forever. When centralized bodies have your private or copyrighted information, at least not everyone in the world sees it, and you can petition, often successfully, to take down any such material, and suit those that posted it. But once such info is on the blockchain, nobody can help you. The info will be there indefinitely. You took a perfectly good unique key — your DNA, that only you can prove with a sample taken on the spot — and reduced it to a digital key that can be stolen to share your private info, with no recourse, for the rest of your biological life.

So, if even these at-first captivating blockchain projects pose such threats, what will be the less problematic killer apps of blockchain? What will all these infrastructure projects actually be used for, ever?

Let’s start from basics: Blockchain decentralization might makes sense when:

1. You want to disrupt or strengthen central points of friction or failure.
2. You want to know or prove that some information or process is true.

https://cotrader.com is a good example fitting this criteria.

CoTrader enables anyone to invest together with the best proven investors, or fund managers.

This fits our 2 criteria:

1. Anyone can enter either side of the investment funds marketplace, once accessible only to very few privileged people— that is, anyone can be a CoTraders, and anyone can try their skill and compete as a fund manager.
2. The best fund managers are empowered to prove their past investment performance and fees, and CoTraders know this information is true and tamper-proof.

There are a few other killer blockchain applications. These will likely get identified by the top fund managers at CoTrader, who stand to multiply their own gains by allowing CoTraders to invest together with them.

To learn more about the live blockchain project that’s out before the ICO, in a rare feat, check out this medium article:

Fewer than 0.1% of ICOs ever release a product, but CoTrader is live on Ethereum before its ICO

https://cotrader.com sale is starting soon, so make sure you join the social and news channels and stay tuned.

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