7 industry disrupting dapps building on Hedera

Hedera Hashgraph is the world’s first fast, fair, and secure public ledger for decentralized applications (dapps). Today, there are over 100 dapps that have committed to building on the Hedera hashgraph platform, 5,000 developers actively participating in the Discord channel, and over 10,000 members in 75 Hedera Hashgraph Meetups spanning 38 countries.

7 industry disrupting dapps building on Hedera

Found below are 7 innovative dapps using Hedera Hashgraph to disrupt their respective industries in finance, media and entertainment, real estate, gaming, and online marketplaces.

These dapps will be featured at Hedera18, an inaugural developer conference and hackathon taking place on October 15–17. To get hands on experience with Hedera Hashgraph, learn to build your own dapp alongside developer experts, and build your knowledge and network, register at Hedera18.com.

Sagewise

Industry: Finance (Routing and Settlement
Headquarters: Los Angeles, CA
Website: https://sagewise.io

https://sagewise.io

“The Sagewise platform can easily be ported to the Hedera Hashgraph platform because it includes the Solidity™ Virtual Machine. This compatibility makes working with Hedera Hashgraph a true win-win; our developers are able to use the same Solidity™ code they use to build on blockchain to build functionality utilizing Hashgraph.”

— Amy Wan, Co-Founder & CEO

What does Sagewise do?
The company Sagewise is building software to efficiently resolve disputes using blockchains and cryptocurrency; they’re planning on using Hedera Hashgraph to underpin efforts to provide resolution of disputes involving smart contracts. Amy Wan, Co-Founder & CEO of Sagewise, claims “Smart contract losses exceeded half a billion U.S. dollars in value in 2017, so we feel it is integral to address the void in the industry”.

Why Hedera Hashgraph?
In order for Sagewise to reach their objectives, the problem of scaling on a decentralized ledger was of utmost importance; this is why they decided to work with Hedera Hashgraph. Hedera Hashgraph does not have the technical limitations of the existing blockchains, and provides distributed finality of consensus. At the same time, Hedera Hashgraph supports Solidity™ smart contracts, which means they can migrate their Solidity™ code directly to Hedera Hashgraph with no code changes.

Carbon

Industry: Finance (Stable Coin)
Headquarters: New York, NY
Website: https://carbon.money

https://carbon.money

“Carbon aims to facilitate a more inclusive and efficient global economy by introducing a reliable, price-stable cryptocurrency. We are excited by the potential of Hedera hashgraph, a truly innovative distributed ledger platform with unprecedented speed and bank-grade security, to further this mission.”

— Miles Albert, Co-Founder

What does Carbon do?
Carbon is a trustless stable cryptocurrency which closely correlates with the US Dollar. They achieve stability through algorithmically adjusting coin supply based on the demand. Carbon promises to offer users a fast, secure, and stable cryptocurrency that is compatible with smart contracts and used globally.

Stable coins as a concept was born due to the volatility of existing cryptocurrencies which have a fixed total supply; stable coins are still a cryptocurrency, but they’re pegged to the value of another more stable asset, such as gold or a stable fiat currency. These coins are global and not tied to a central bank, but still have low volatility; this is what will allow for their practical usage.

Why Hedera Hashgraph?
After Carbon’s investigation of numerous smart contract platforms, they decided that the Hedera Hashgraph distributed public ledger offers the strongest foundation for the Carbon protocol; it allows Carbon USD to achieve unprecedented speed with fractional cost per transaction, all while maintaining bank-grade security.

Hearo.fm

Industry: Media / Entertainment (Micropayments)
Headquarters: Philadelphia, PA
Website: http://hearo.fm

http://hearo.fm

“Hedera Hashgraph is the only technology that allows us to use micropayments for streaming music. It currently takes up to two and a half years for artists to get paid for streams; micropayments changes that.”

— Andrew Antar, Founder

What does Hearo.fm do?
Hearo.fm is a global music marketplace for independent artists that enables music streaming micropayments with the JAM cryptocurrency. Hearo.fm’s mission is to democratize access to music distribution globally by creating a music economy with micropayments for artists and listeners.

Credit card processing and bank transfer fees make micropayments to artists per song streamed impractical. It can take up to two and a half years for artists to receive compensation for songs played. Additionally, IP holders today take a majority stake, while artists are left with diminutive compensation.

Why Hedera Hashgraph?
Artists and end users are compensated for streams and activities on the Hearo.fm platform immediately through micropayments. Additionally, Hearo.fm plans to utilize their existing Solidity™ smart contract code, making it simple for their developers to bring Hearo.fm to market.

Alto

Industry: Gaming (Non-Fungible Items)
Headquarters: National Capital Region, Philippines
Website: https://alto.io

https://alto.io

“Games can’t compromise on performance. Hedera Hashgraph lets us build on the trust of a distributed public ledger, with the speed of a database.”

— Gabby Dizon, Co-Founder & Chairman

What does Alto do?
Alto.io is a gaming developer platform to mint and exchange crypto items. Allowing any game to create and use ownable, non-fungible items to generate revenue and provide an ownable asset to their users.

Why Hedera Hashgraph?
The Alto team explored new distributed ledger options beyond blockchain, with these top qualities in mind: 1) Consistent speed for a modern UX 2) Fees for a sustainable business 3) Easy developer experience

The team quickly found the Hedera Hashgraph platform, and was first introduced by one of Alto’s investors recalling, “It’s based on new technology. It’s not a blockchain and it’s lightning fast.” For Alto, speed is everything. Providing a predictable user experience for their Alto-powered in-game items be it a weapon, skins, or whatever the developer dreams up has to have predictable performance no matter the user base.

Additionally, a key reason for selecting Hedera Hashgraph is full Solidity™ support. The smart contract language created for Ethereum is able to directly port to Hedera Hashgraph, unchanged, making it easy to quickly move their knowledge to the hashgraph powered distributed public ledger.

Red Swan

Industry: Real Estate (Asset Tokenization)
Headquarters: New York, NY
Website: https://redswan.io

https://redswan.io

“We need to work with like-kind companies to ensure the highest level of trust and security when executing these large-scale transactions, while maintaining the highest quality experience for our clients at the same time. The Hedera Hashgraph platform represents the optimal distributed ledger solution to deliver on both.”

— Ed Nwokedi, CEO

What does Red Swan do?
Red Swan is a secure platform for investing in high-quality, tokenized commercial real estate assets with the liquidity and security of public markets. One of their goals is to expand the traditional real-estate investor base by tokenizing real estate assets, while providing a single platform that connects buyers, intermediaries, and sellers.

Red Swan hopes to solve the industry-wide problems of illiquid marketplaces, scarce access to deals and opportunities, a lack of transparency in the market, and fees associated with today’s market inefficiencies.

Why Hedera Hashgraph?
The Red Swan platform performs large scale and high value transactions, which requires the highest level of trust and security to ensure reliable end user experiences.

Hedera Hashgraph achieves the highest grade of security possible in the field of distributed consensus through asynchronous Byzantine fault tolerance (aBFT), ensuring that transactions reach finality, while also preventing malicious attack to comprise network trust. Additionally, all communications are encrypted with TLS 1.2, all events are digitally signed, and the hashgraph is constructed using cryptographic hashes.

Cryptotask

Industry: Online Marketplace (Cryptocurrency Payments)
Headquarters: Croatia
Website: https://cryptotask.org

https://cryptotask.org

“We’re proud to present a long term design decision to create a version of our well established platform on Hedera Hashgraph, which we believe offers a superior consensus mechanism that is faster, more fair and secure than existing blockchain systems.”

— Vedran Kajic, CEO

What does Cryptotask do?
Cryptotask is a decentralized task marketplace for freelancers, built to disrupt today’s freelancing systems. Through its token-based task market, Cryptotask hopes to solve the problems facing centralized task marketplaces, such as: exorbitant fees, limits on high-value tasks, and slow dispute resolution. Additionally, users of the platform are rewarded for performing certain actions, such as writing task reviews.

Why Hedera Hashgraph?
Cryptotask’s smart contract freelancing platform is currently deployed on the Ethereum mainnet with some high value tasks having already been completed. They’ve decided to move to Hedera Hashgraph because of the opportunity to lower their transaction fees even further, while increasing the speed and security of their platform. Cryptotask views this as a crucial move for creating a successful task market solution on a distributed ledger. Additionally, Hedera Hashgraph offers developers the ability to write and run contracts in Solidity™, unchanged, smoothing the transition even further.

Artbit

Industry: Media / Entertainment (Micropayments)
Headquarters: Los Angeles, CA
Website: http://artbit.com

http://artbit.com

“When I found out about Hashgraph, I thought, “Oh my god. This is the future.” But now, it’s about the build. It’s about finding the people that are brave enough to try the new world, right? That’s what’s exciting.”

— Matt Sorum, Advisor

What does Artbit do?
Artbit was created on the premise that fans can harness revolutionary technology to reclaim the power of art. Artbit enables users to offer micropayments to artists performing online, to back their work and show support — revolutionizing the way artists are discovered and compensated.

Artbit users can produce live shows and performances through the platform, linking artists’ performance locations to any of Artbit’s virtual stages. Fans from around the world can watch live performances and interact by liking and sharing the performance, all while generating micropayments for both the artist and online crowd.

Why Hedera Hashgraph?
Artbit allows artists to be paid directly through microtransactions of cryptocurrency, but the speed and fees of alternative blockchain or DAG platforms prevent the feasibility of this use case. Hedera Hashgraph offers the speed and efficiency that allow for micropayments on Artbit to be practical.

Hedera Hashgraph is pleased to be supporting these innovative dapps. For support on building your own dapp, join our Discord community or reach out to us at contact@hederahashgraph.com.