10 Best Blockchain Project Ideas
1. Trusted Crowdfunding Platform Using a Smart Contract
As per trusted reports, 85% of startups delay the delivery, and 14% don’t deliver 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 the wrong campaigns and has been misused.
Implementing a blockchain-based platform can bring in a change. With blockchain technology, investors can know how the money is going and how they are spending it. A smart contract helps block the funds within blockchain until the project or startup founder makes progress in the project.
2. Exact Shipment Location Data
Today, most logistics companies offer only the location details of main locations like collection centers, 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 cars, etc.
3. Peer To Peer Ridesharing
So what if an agency like Uber decides to shut down business in the city? Most carpooling systems and radio cab facilities come with a middle man, the agency itself. If ride-sharing and car hire are moved to the blockchain, both riders and drivers can get connected directly without an intermediary. If the project is completed successfully, it can build a network that will provide safe, reliable transportation.
4. 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 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 implemented, big brands will knock at your doorstep, and you know why…
5. 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 attached to a blockchain system.
6. Transparent and Genuine Charity Application
Most people want to donate money to a good cause of charity, but they are unsure if the money will reach the right hands of the destitute. Many fake charity organizations pose as genuine and loot money from innocent people in the name of charity. The blockchain system can bring transparency to online charity trusts. Contributors can see the journey of the donation in real-time and confirm if it’s reaching the deserving hands or not.
7. 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 will 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, distribute it all over the internet, and link them together using a blockchain registry.
8. 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 it’s going to be completely decentralized with blockchain.
This idea can be implemented as a small project, but it can change the face of today’s cloud storage if applied globally. This concept can also be extended to your compute power and memory, provided you have an ultra-high-speed internet connection.
9. 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.
10. 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.
Let's conclude
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 could shed some light on the wide range of applications blockchain has in 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.
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