Noteworthy projects based on Blockchain Technology

Decentralized network existed before blockchain. But the key innovation of blockchain is its ability to hold the economic value, as pioneered as Bitcoin network.

Currently, the blockchain is used in broad range of decentralized applications in many areas, including commerce, social media, content sharing, internet services, logistics and even government.

Here are some Blockchain and Ethereum based projects.

Git Money (Bitcoin)

Git Money allows anyone to earn money by solving open issues on GitHub. Repository owners put up bounties for tasks and the reward is automatically paid to whoever submits the first successfully merged pull request.

How it works

• Git opportunities: Every day people and companies are paying to get quick assistance with small tasks, find one suitable for you.
• Git work: An email a day will give you the list of work so that you can choose your work to get paid
• Get paid: Complete a task, provide your bitcoin address and get paid instantly.

Augur (Ethereum)

Augur is a prediction market platform that rewards for correctly predicting the future real-world events. Make the predictions by trading virtual shares in the outcome of events happening in the real world, buy shares in those outcomes. If the shares are in correct outcome you’ll win real money as profit.

Features

• No central servers
• Create your own market
• Low fees
• Crowdsourced reporting
• Safe, automated payments

TransActive Grid (Ethereum)

TransActive Grid allows neighbors to purchase and sell renewable energy among each other, offering communities with microgrids a way to create a local energy market while reducing emissions and pollution.

How it works

• Distributed Energy Resources: Brooklyn Microgrid is a distributed energy development group in the Park Slope and Gowanus communities of Brooklyn, New York creating a connected network for local energy.

• TransActive Grid: TransActive Grid is combination of ​software ​and hardware ​that enables members to buy and sell energy from each other securely and automatically, using smart contracts and the blockchain.

• Intelligent Grid Systems: Together these can create a community market sharing economy that is more resilient, energy efficient and gives prosumers control over their own energy choices.

Yours (Bitcoin)

Yours is a decentralized content sharing application where users will earn money for their submissions. When you endorse a post, you send the author a small microtip from your account’s Bitcoin wallet.

Slock.it (Ethereum)

Slock.it brings the benefits of the Blockchain transparency, security and auditablity to real-world objects. Slock.it is a German startup working on slocks; software based smart locks that can be controlled with a smartphone application.

Slock.it is also working with RWE (Germany’s second largest utilities provider) on a smart contract powered electric vehicle charging platform, BlockCharge. They recently showcased a working prototype and will be testing the technology with real vehicles and stations over the next year.

This article originally appeared on lightrains.com