Interesting Blockchain Sectors

 Interesting Blockchain Sectors and Projects

by Marshall Swatt (@marshallswatt)

For anyone that wants to know what Bitcoin or blockchain tech is used for, these sectors have real products, offer real services, that people use and pay for, and that presumably add real value. 

Sectors

DeFi Decentralized Finance

  • Lending / Yield Farming
  • Decentralized Exchanges / Liquidity Mining
  • Exchange Aggregators / Order Routing
  • Automated Market Makers / Arbitrage
  • Fiat Payment Rails
  • Stablecoins - tokens that are pegged to a single currency, currency basket or other asset that generally maintains a stable value. These offer significant advantages, such as in facilitating payment transfers between parties with low risk of price volatility.

Oracles (Reliable Sources of Data) - blockchain smart contracts execute in a highly restricted environment, for security. Inevitably these smart contracts require some outside data (like market price feeds) to enable certain capabilities.

DApps (Decentralized Applications) - Web3's promise is to give consumers control of their own data and overcome the data silo's that are controlled and monopolized by internet companies and their platform offerings, whether it is Facebook, Google, etc.

NFTs (Non-Fungible Tokens) - collectibles, including digital art. One of the novel capabilities of NFT art/collectibles is that the artist/author can earn a royalty in perpetuity every time their NFT creation is sold to a new owner.





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