What Dapps Can Be Built with genEOS?

The newly launched blockchain-based ecosystem genEOS is designed especially for business needs. It helps them build speedy, highly secure, and transparent decentralized applications (Dapps).

There are multiple industries where Dapps can ease up business processes. In this blog post, we will cover the three areas where they show great potential so far: statistics and market research, healthcare, and recruiting.

Briefly about genEOS

• This business-oriented blockchain environment can be used to deliver highly scalable Dapps. Based on the delegated Proof-of-Stake principle, genEOS enables hundreds of thousands of transactions per second.
• genEOS uses WebAssembly (WASM) smart contracts. The platform’s command-line interface is straightforward and helps users script and test contracts easily.
• To design on top of genEOS, developers can use C/C++. Other programming languages will also be added shortly.
• To make building on top of genEOS simple, there is an Integrated Development Environment (IDE) framework. It allows creating, deploying, and maintaining genEOS-based Dapps.
• Among other genEOS features, there are no-fee transactions, secure token distribution, and role-based permissions.

How genEOS Addresses Business Challenges

The target audience of genEOS is enterprises building Dapps for their internal needs, as well as companies developing Dapps for commercial use.

Let’s see how genEOS fits into the above-mentioned business areas to address their pressing challenges.

1. Transparency and Security for Research

The problem. Statistical data isn’t transparent enough. Moreover, when it is stored in a centrally managed database, it’s not secure enough. Hence, research based on such data may be badly grounded with no trackable sources. In addition, the intellectual property can be under the threat of leaks.

The solution. The toolkit by genEOS can be used to deliver secure and traceable market research services. Quality and protection of blockchain-powered research papers significantly outpace the level that’s been reached so far.

What’s there? In December 2017, Insights Network released its white paper to announce its Dapp for managing secure business surveys. Also, it makes data exchange between respondents and enterprises secure and mutually beneficial.

2. Role-based User Rights for Healthcare

The problem. The healthcare data management faces the lack of security and transparency. As different medical specialists each contribute their data on a single patient, this process should be strictly controlled to eliminate PHI breaches.

The solution. Decentralized software built on genEOS is secure by default as it’s built on a blockchain. genEOS enables role-based user permissions, meaning the platform can enforce different rights for logged-in users, occasional visitors, particular individuals and defined groups.

What’s there? In August 2018, the latest healthcare ICO MedChain started. This project aims at providing a transparent and secure blockchain framework to record and manage medical data.

3. Fairness and Rewards for Recruiting

The problem. Incomplete and deceptive data about both applicants and jobs may hinder the entire hiring process. Recruiters may lose their time on processing fraudulent application forms, whereas candidates may be misled by incorrect details on working conditions.

The solution. With the help of genEOS, it’s possible to build a Dapp that guarantees fairness and transparency of the hiring process. Such a solution can secure every detail recorded to the blockchain and serve it on request in accordance with the set permissions.

What’s there? In 2017, HireVibes was released. It intends to guarantee the ease, security, and transparency of recruiting. Its particular value proposition is that it gives a share of the employers’ budgets to successful applicants. Instead of paying to recruitment companies, employers transfer 7.5% of the advertised position’s monthly salary to HireVibes in the app’s native tokens, which are then used to pay both the service fee and reward to a successful applicant.

A Wrap-Up

Data security, traceability, and transparency are the three business attributes that can be improved with blockchain. To build their Dapps that will help to reach this, companies and developers can either build their own blockchain or go for a ‘packaged’ one. The latter option is made readily accessible with genEOS, that makes Dapp development easier, cheaper, and faster.