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Use Cases

Dapps Mint

Asset Management

Problem: In crypto, people are trading tokens in hopes that the token value will go up in the long term but mostly, those tokens just sit in their wallets. Instead, asset management services could yield some earnings from such tokens.


Solution: Instead of keeping their assets in wallets, users can stake their tokens in smart contracts, and controllers of those assets can use them to earn yield in various ways. On the other hand, industries can utilize such staked tokens to build their own products.

Non-Fungible Tokens

Problem: Non-Fungible Tokens (NFTs) have been the hottest blockchain application since cryptocurrency. NFTs are simply digital items like music, art, GIFs, videos, etc., that are sold on a blockchain, ensuring that a sole owner can claim full rights to them. Ownership claim issues are prevalent in this domain which can be solved effectively by the introduction of NFTs.


Solution: NFTs create a bridge between the crypto world and the physical world for everything including sports, music, films, and even real estate. NFTs can solve very specific challenges or pain points like distribution, ownership, and compensation, with robust protocols and capabilities like royalties and access rights built-in by design. NFTs give buyers the chance to own digital moments, art, and culture that will outlive us all.

Dapps Mint
Dapps Mint

Supply Chain Management

Problem: Supply Chain Management refers to the planning and execution of all related processes leading to finished product deployment. Generally, it constitutes a network of entities – individuals or businesses that start from raw material suppliers, straight to the product manufacturers, and then down to the distributors. A well-optimized supply chain ensures maximum productivity with reduced fraudulent activity and overhead costs. As you can imagine, implementing this in the real world is a real hectic job. Automation efforts have been made using AI and Machine Learning, but blockchain promises to be a game-changer in this area. So, this is one of the real-world problems solved by blockchain.

Solution: One of the key benefits that blockchain brings to Supply Chain Management would be Interoperability. The transparency in data sharing makes sure that everyone is on the same page – starting from the manufacturers to retailers, vendors, and even the contractors. In turn, this helps to reduce any conflict and delay in operations. Furthermore, since all the products can be tracked in real-time, it reduces the risks of misplacement or goods getting stuck in the supply chain. And if that’s not all, blockchain offers scalability at unimaginable levels, with large databases being available from multiple locations throughout the world. This means no matter how big your business is or how spread across the globe it is, using blockchain, you will be able to manage your supply chain effortlessly.

Healthcare

Problem: The current healthcare systems use centralized systems to record and manage patient data. This method can be less secure and subject to misinformation. There have been numerous cases of data breaches in hospitals where patient data like credit card information and genomic testing records were stolen. In fact, between the span of 2009 to 2017, over 176 million patient records were compromised because of data breaches. Furthermore, the current state of interhospital communication of patient data is a complete mess. Many times patients choose to switch hospitals. Sometimes, because of emergencies, they are admitted to hospitals in a different network. Now, since the current system doesn’t facilitate quick and easy exchange of patient records from their primary care provider, they are now forced to create a new medical record, which is a loss of time as well as money.

Dapps Mint

Solution: Blockchain can help create a decentralized log of patient data that is transparent and public for all hospitals to access. Furthermore, there is no way to corrupt the data, so the entire problem of interhospital communication is resolved. Next comes security. Despite being transparent and public, blockchain can also help keep your data private by concealing your identity with secure codes that will protect all your sensitive data. If and even necessary, you need to provide a private key, and only then will the information be accessible.


Dapps Mint

Decentralized Finance (DeFi)

Problem: Decentralized Finance often called ‘DeFi’ refers to the shift from traditional, centralized financial systems to peer-to-peer finance enabled by decentralized technologies built on the Ethereum blockchain. The finance segment is often subject to unreliability on account of instances such as document forgery, digital identity fraud, unwanted delays, exchange hacks, and private data compromisation.

Solution: DeFi addresses a range of fundamental problems including asset management, DAOs, data analytics, decentralized exchanges (DExs), compliance and KYC, margin trading, marketplaces, and payments. DeFi solutions can permanently fix the perpetual security issues in the financial services industry. DeFi will drastically reduce the time spent for processing documents, dealing with intermediaries, KYC, and also enable accessibility at any time from any location. With over $13 billion worth of value locked in Ethereum smart contracts, decentralized finance has emerged as the most active sector in the blockchain space, with a wide range of use cases for individuals, developers, and institutions.

Real Estate

The Problem: The current state of the real estate market is a complex mess. For example, if you are planning to buy a new home, then simply having the money to purchase the land is not enough. It is a long and tedious process that is going to involve a lot of paperwork, background checks, and lots of intermediaries. Needless to say, this is going to require more money, but it is also a stressful process that will eat up a lot of your time. And then there is the fear of seller fraud – where someone sells a property that isn’t theirs, to begin with.

Dapps Mint

Solution: You can digitize your property and real estate assets and store them in a blockchain. This makes it immutable, so it can’t be tampered with. Furthermore, each succeeding transaction gets stored for future reference. All this makes it impossible for a person to cheat and sell your property that isn’t theirs. Similarly, once you own a property, it is recorded right there in the blockchain and can’t be altered or denied. Furthermore, with the decentralized nature of blockchain coupled with the use of smart contracts, you can automate most of the time-consuming legalities and streamline the entire process.