Apps of all types rule our lives today. From paying bills to personalising a fitness programme, we know we can find an app for it. But, apps have taken on a whole new meaning with the advent of blockchain technology and a new breed of apps – dApps, or decentralised applications.
More than half of all consumers in the US belong to some sort of loyalty programme, which businesses have used for years as a way to strengthen their relationships with customers and provide incentives to keep them coming back for more.
The Initiative for CryptoCurrencies & Contracts (IC3) has a mission to move blockchain-based applications “from today’s white boards and proof-of-concepts to tomorrow’s fast and reliable financial systems of execution and record”.
Over the past decade or so, increasingly affordable mobile phones, microfinance programmes and user-friendly mobile financial services like M-Pesa have enabled many millions of people to pay, be paid and save more easily than ever before.