Blockchain technology’s core characteristics include decentralization, automation, transparency and immutability. These elements can be applied to various industries, creating a multitude of use cases. Here is what Hive Ive believes to be the most pertinent blockchain use cases for enterprises, institutions, and governments. Decentralized Finance Decentralized finance (DeFi) refers to the shift from traditional, centralized …
What is DAO development? A DAO, or “Decentralized Autonomous Organization,” is a community-led entity with no central authority. It is fully autonomous and transparent. Smart contracts lay the foundational rules, execute the agreed upon decisions, and at any point, proposals, voting, and even the very code itself can be publicly audited. A DAO is governed …
NFTs, also know as non-fungible tokens, can digitally represent many types of assets. NFTs can represent real-world assets such as real estate and music, but can also represent online assets like digital art. NFTs are proof of ownership of these assets. NFTs exist on a blockchain (distributed public ledger) that records transactions. Most NFTs are …
Blockchain-based marketplaces enable crypto payments and intermediary-free exchange of goods between sellers and buyers. Everyone can view the origins and history of goods stored on the blockchain, which builds trust and makes deals more transparent. A few benefits of decentralized marketplaces 1. Lower transaction costsMeaning higher margins and profits 2. Better security and privacy for …
In the blockchain ecosystem, tokens are assets that allow information and value to be stored, transferred and verified in an efficient and secure manner. These crypto tokens can take many forms, and can be programmed with unique characteristics that expand their use cases. Security tokens, utility tokens, and cryptocurrencies have massive implications for a wide …
Play-to-earn games, also known as Blockchain games or NFT games, are games where players earn rewards with real-world value by battling other players, completing tasks and progressing through various game levels. These rewards come in the form of in-game assets like crypto tokens, virtual land, as well as skins, weapons and other NFTs. Due to …
Smart contracts are agreements between two or more parties that are stored on a blockchain like Ethereum or EOS. Every contract has a predefined set of rules and conditions and is automatically executed when those conditions are met. These contracts are guaranteed by the consensus of the whole blockchain network. They cannot be altered by …
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