What is a Decentralized Application?

A decentralized application(DApp) is an application which runs on a decentralized network and utilizes its resources. The main characteristics of a DApp include: open source code, all users have equal rights to change the data, no central point of failure and usage of the internal currency.

ICON Decentralized Applications

1. Blue Whale

What is the main goal of Blue Whale?

Freelance, freelancer, and freelance worker, are terms commonly used for a person who is self-employed and is not necessarily committed to a particular employer long-term.

Freelancers often rely on internet platforms to match their skills to particular projects in the same manner that corporations provide staff with a constant stream of duties. However, none of the freelancers on these platforms are employees of the platforms. As a result, they do not receive the benefits that typical full-time employment: retirement plan, paid time-off, unemployment, and medical coverage.

The Blue Whale Network wants to build a trustless network that no longer requires a centralized authority to manage contracts and provide the benefits of full-time jobs to freelance employees.

Significant highlight:

Blue Whale Global and Samsung Electronics Corporation (SC) signed a Memorandum of Understanding (MOU) to develop and to support the global indie game ecosystem together.

2. weBloc

What is the main goal of weBloc Project?

WeBloc seeks to change the core of the advertising ecosystem from advertisers to consumers. They intend to do this by using blockchain technology, creating a decentralized advertising ecosystem, building a user attention-based advertising ecosystem, and revolutionizing the existing advertising process by building an advertising alliance based on blockchain technology.

Significant highlight:

WeBloc has secured many future ecosystem players through AD4TH Insight’s marketing company. This includes mainstream companies, such as: Samsung, Blizzard, Reebok, and SK Telecom.

3. SOMESING

What is the main goal of SOMESING?

SOMESING uses blockchain technology to allow people to gain rewards for contributing to the ecosystem’s karaoke content using SOMESING.

This sounds awesome and is fun- all you have to do to gain rewards is to sing, record, and post your karaoke music on blockchain in a decentralized system. This is the most original idea I’ve heard in blockchain space.

Significant highlight:

Successfully completed an ICO in Q4 of 2018. They have launched SOMESING Beta — Pocket Studio a free Karaoke App where you can sing hundreds of latest songs. You can find the application on PlayStore and Apple Store.

4. VELIC

What is the main goal of VELIC?

VELIC is an ICON network financial services platform how provides a range of financial services based on blockchain technology, including trading, crypto asset investment and you can even an instant crypto loan approval, everything on the same interconnected platform.

Significant highlight:

VELIC Crypto Exchange is live with several trading options. Currently, the supported cryptocurrencies and tokens are ICON (ICX), Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), EOS, Bitcoin Cash (BCH), Litecoin (LTC), Stellar Lumens (XLM), TRON, QTUM, Tether’s USDT, Circle’s USDC, and TrueUSD (TUSD). Many more are planned — stay tuned!

5. ZenSports

What is the main goal of ZenSports

ZenSports is creating the largest peer-to-peer sports betting marketplace in the world, where anyone can make and accept bets with anyone else in the world for live sporting events.

With ZenSports you can deposit funds instantly using cryptocurrencies(Bitcoin, Ethereum, or Litecoin), create bets on your own terms that others accept, or accept others’ bets using a blockchain decentralized platform.

ZenSports currently offers the ability to create bets in any of the following sports leagues: National Football League (NFL), National Basketball League (NBA), England Premier League, Germany Bundesliga, Italy Serie A, France Ligue1, Span La Liga, UEFA Champions League, Major League Baseball (MLB), National Hockey League (NHL), NCAA Men’s Division I Basketball (CBB), NCAA Division I Football (CFB), Professional Golf Association (PGA).

Significant highlight:

ZenSports has a native app for iOS and Android that you can download to start betting on sports today!

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What is your favorite DApp? Tell us on Twitter or Telegram @ubikcapital

Planning to develop on the ICON ecosystem? Share your ideas with us! We would love to help and support you in any way we can!

We will continue to present in our future articles other interesting ICON Decentralized Applications but until then please tell us on Twitter what is your favorite DApp.