Despite The Hype, You Can Still Make A Fortune With Blockchain Technology
Blockchain’s decentralized nature presents many entrepreneurs with a difficult choice: build a decentralized system but forego a solid revenue stream, or create a centralized business model that leads to real profits but avoids the very aspect of blockchain that makes it so disruptive. Fortunately, there is a happy medium: generally decentralized efforts that retain some centralized component that affords the creator of the platform with a mechanism for collecting transaction fees or otherwise cash in on their efforts.
The variety of such blockchain businesses with paths to profitability is striking. Here are four paths, that highlight the breadth of innovation the blockchain marketplace is bringing to potentially profitable business ideas;
– Product Authentication to Combat Counterfeiting
– Blockchain for C# Fans
– Reserving Real Estate Internationally
– Decentralized Advertising Marketplace
Even though the four examples are quite diverse in their purpose, they all include a reasonable mechanism for generating revenues – reasonable in the sense that the value they provide justifies the amount they can charge. With blockchain, it’s easy to get lost in all the hype around decentralization and token economies – but without a way of making money, such endeavors aren’t really businesses at all.