Decentralized web apps and blockchain technology: concrete applications for small and medium-sized enterprises

Filippo Calabrese

Filippo Calabrese

Table of Contents

Introduction

The rise in virality and subsequent use of the various cryptocurrencies has inevitably helped enshrine the technology on which they are based, the now well-known blockchain.

As discussed in one of our recent articles, blockchain technology due to its transversality can be exploited in different areas, and among these is that of decentralized web apps, which in the past year alone have experienced an increase of more than 700 percent in terms of usage.

Decentralized web apps, as we are now going to see, can be a very valuable resource for small and medium-sized businesses demonstrating how the potential of blockchain technology is still boundless.

But what are decentralized web apps and how do they interface with enterprises?

Let’s find out.

 

What are decentralized web apps?

Decentralized web apps, also known by the term Dapps, or Decentralized Applications, are applications that, unlike traditional ones, do not base their operating system on centralized servers, but on blockchain technology through special platforms.

What makes Dapps different is the ability to leverage payment systems supported by the referenced blockchain, as there is no centralized entity to turn to, and especially advanced data management.

To make the latter clearer, just think of how a traditional application usually requires certain permissions and data stored later in a centralized database from the user who intends to use it.

Dapps, on the other hand, configuring itself as a peer-to-peer network not only allows for optimized sharing of various information by having a copy of it in all the individual blocks participating in the network, but also guarantees the opportunity to take advantage of private cryptographic keys in order to access the services offered by the app without having to disclose any data of a personal nature as a result.

 

The advantages of decentralized web apps

By virtue of what has just been said, the benefits obtainable from using these decentralized web apps are quite intuitable and, far more importantly, they succeed in solving at the root those critical issues and problems common in traditional applications.

As a first thing, it should be clarified how Dapps are completely open source, as there is therefore absolute transparency of the source code there is also the possibility to view it in real time and make sure that there are no functions that are suitable for fraudulent collection of data or information.

Second, by not depending on any central entity, Dapps enjoy greater user trust, and most importantly, their peculiar peer-to-peer network-based system of operation means that they can continue to function even where there is a failure in one of the nodes.

Decentralized web apps and enterprises: what uses?

Talking about the uses to which Dapps can be put in the enterprise environment means above all asking what motivations should drive a determined company to opt for a decentralized web app rather than a traditional one, and the answer to this implicit question is to be found once again in the extreme transversality of the blockchain technology on which they are based.

 

Information management

Dapps, being completely decentralized, can help enterprises protect their data and make the enterprise networks themselves impervious to unauthorized access attempts.

In this regard, however, it must be said how there are now several companies and enterprises that consider blockchain technology as one of the now indispensable elements for data management, and in fact it is no coincidence that Dapps are increasingly in demand.

A classic example of how they can be exploited can be had if one considers such a fundamental aspect as authorized access to information. Through Dapss, in fact, a system can be created in which everyone who is actually eligible to access a given database can do so without fear of outside access and, above all, always being certain of the uniqueness of the personnel interfacing with it.

 

Alternative to cloud storage

An enterprise, regardless of its field of operation, knows that data storage is one of the most delicate aspects to manage, which is precisely why people often lean toward now-standardized solutions such as classic cloud storage.

The capabilities of Dapps, however, can be a more than viable alternative in this regard since the encryption applied to all information collected in the database and the ability to access it only through private cryptographic keys means that excellent standards of both privacy and overall security are guaranteed.

Such realities already exist, such as Sia, a cloud storage based on blockchain technology that takes advantage of unused space on physical hard drives around the world to create real storage hubs with the no small cost advantage since decentralized servers require a lower outlay than cloud storage providers by as much as 90 percent with 1 TB offered at the derisory price of $2 per month.

 

Billing

Decentralized web apps are also well suited for use in the very sensitive area of billing.

There are several such blockchain-based applications that, for example, optimize the time it takes to obtain a payment while providing companies with all the tools they need to manage their expenses without incurring significant losses due to delays.

Not only that, they also provide a multi-comprehensive set of capabilities by which to analyze current trends, assess possible market scenarios, calculate possible risks, and much more. Most importantly, due to the presence of blockchain technology, all data collected and processed is stored in an encrypted manner thus maximizing accuracy and security.

 

Conclusion

Dapps found in exchanges, gaming, advertising platforms, and even betting and gambling platforms, the truth is that decentralized web apps represent an example of digital evolution that will impact individual users as much as companies and businesses willy-nilly.

Therefore, it is essential to become aware of this phenomenon and know how to exploit it in order to keep up with competitors and especially the market in general.