How cool would it be if you could make your laptop a part of a supercomputer! And while doing that would you also like to receive payments for your unused Wifi bandwidth? Well, the following blockchain based applications are offering you precisely that!
Supercomputers
Golem is a worldwide supercomputer where you can plug in your laptops and get paid! Anyone can contribute computational resources to this network. You could use your personal devices or have an entire data center join its network.
From executing machine learning algorithms and running simulations of galaxies and blackholes to rendering CGI for a blockbuster movie, the range of tasks that can be executed on this platform is unlimited.
Your idle computational resources could be used to solve the most challenging problems on earth, and you get paid for doing so!
Internet of Things
IOTA provides a platform where you can lease your technological resources such as computers, Wifi bandwidth, appliances and even drones as services.
At the heart of this technology is a ledger called "The Tangle", which allows trading exact amounts of resources WITHOUT ANY FEES! This ZERO fee protocol makes micro-transactions possible, which is perhaps the most exciting part of this technology.
This feature may actually turn out to be revolutionary because till date, prohibitive fees have made it impossible for one to provide services with extremely low costs to end users. But now with zero fees, this is very much possible!
Music, Movies and More
SingularDTV is building a decentralized entertainment studio enabling artists to manage their projects from development to distribution.
Each phase of the production process is supported, and that includes:
- Project Funding
- Hiring production crews and services
- Renting equipments
- Handling offers and payments to artists
- Managing terms/conditions of deals via smart contracts
- Marketing
- Distributing content
Artists will not need to deal with middle men and therefore, they will start making a lot more for their creations!
This is a truly massive undertaking with potential to become an all-in-one solution for the entertainment industry. Now that’s exciting!
Your thoughts?
Which of these applications do you find most innovative? Are you planning to invest in any of these or have you already invested in any of these? Do leave a comment!
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