Blockchain is Enhancing These Industries After Adopting Cryptos: Browsing, Mobile Data,Ticketing
Back in 2017, when the digital currency market was growing at very fast rates, several initial coin offerings (ICOs) were launching new projects to the market. Some of these firms aimed at revolutionizing different industries. After a very hard 2018 in terms of price performance, companies are starting to spread their services around the world and in a wide range of sectors.
Virtual Currencies Continue Expanding
One of the sectors that are being improved and enhanced with the introduction of virtual currencies is the internet. The cryptocurrency Basic Attention Token (BAT) has been trying to build a more user-friendly and private web browser for individuals.
With Brave, users will be rewarded for viewing and interacting with ads shown on different sites. Instead of other companies keeping the whole benefit of users’ attention, Brave will be rewarding users with BAT tokens for their time viewing ads and commercial banners.
BAT is slowly increasing its presence in the market and could eventually play an important role in the future among the most popular web browsers. The BAT cryptocurrency is currently the 23rd largest with a market capitalization of $348 million. Each BAT coin can be purchased for $0.2794.
Another sector that is changing thanks to virtual currencies is mobile data. Developing countries have companies that have monopolized the market and that are able to ask for very high prices for data plans. There is a company that is trying to change this. DENT aims at offering a peer-to-peer marketplace to exchange mobile data.
Users that have excess data place offers on the marketplace and buyers pay for the data that they need. A short time ago, DENT was able to achieve 10 million users and the platform continues to grow.
The company has also started to expand its services. It is possible to make phone calls on DENT with the DENT World-Telco service that will be launched to the market in the near future.
Finally, the third industry that is being improved is e-Ticketing. In general, middlemen charge several fees for services that cost almost nothing. This is why there are sometimes accessibility problems to several events.
One of the most successful blockchain-based solutions for this industry is GUST Tickets. With the GETS Protocol, it is possible for entertainers to provide smart ticket sales that enforce fairness and also transparency. The service is expanding in the Netherlands and it might be available in other countries in the near future as well.