Does Blockchain Need a Killer App?

A killer app is a specific use case for a new technology that makes the public view it as supreme to other offerings, and as such, it is mainstream. Many have argued that a killer app is what has held blockchain back from being mainstream. Skeptics suggest that if blockchain were to have a killer application, it would have happened by now (after all, Bitcoin has been around for over ten years now). However, enthusiasts counter blockchain doesn’t require a killer app. It is a killer app. These perspectives all differ significantly, so what is the right answer?

While we can’t say for sure, we can provide you with some context. Namely, what are some of the possibilities for a killer app that might be worth keeping on the radar? And what is holding back all businesses from implementing their own?

Supply Chain Management

Protecting Patient Health & Immunity Passports

Bitcoin (And Other Cryptocurrencies)

Blockchain Needs a Platform That Promotes Easy Adoption

From our experience, the answer is simple. That is, blockchain is a complicated, decentralized technology with a steep learning curve. As a result, businesses that don’t handle the technology day in and day out face a steep learning curve when it comes to applying blockchain to existing business processes and managing a team, whether externally or internally, can take time or resources. To hit mainstream adoption, it is the availability of an easy to use solution that is needed. Bringing this vision to reality begins with a cloud-based blockchain solution that offers solutions for enterprises and service providers to build, operate and manage trusted blockchain networks. We stand behind the belief that with the right solution to simplify and accelerate the implementation of blockchain technology, a single killer app will not be necessary.

What do you think? Is a killer app still needed for blockchain? Comment what you think this will look like below.

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Arckadl is a global company with an enduring commitment to the foundation of all trusted ecosystems using blockchain technology.