Blockchain as a service – Oyelabs – Driving Business Value

What Is a Blockchain-Based Housing Rental App & How It Work?

Anurag Jain — Sat, 31 May 2025 11:18:28 +0000

Tired of overpriced listings, shady landlords, and rental apps that feel like they were built in 2008? Yeah, we too. That’s where blockchain-based housing rental apps come in—bringing some much-needed trust and transparency to the rental game. These aren’t your average listing platforms. Built on blockchain technology, they’re designed to eliminate middlemen, cut down on fraud, and give both renters and property owners more control over the process. Think of it as Web3 meets your next apartment hunt. With smart contracts doing the heavy lifting—like automating lease agreements and payments—everything is more secure, decentralized, and efficient. Whether you’re couch-hopping through crypto-friendly cities or want a smarter way to rent, this tech could change the way we book places for good. Stick around, and we’ll break down exactly how it all works (in plain English—no crypto jargon, promise). What Is a Blockchain-Based Housing Rental App? A blockchain-based housing rental app is a next-gen platform that lets renters and property owners connect, sign agreements, and process payments using blockchain technology. Instead of relying on a central authority (like a rental agency), these apps use decentralized networks to ensure transparency, security, and automation, meaning no shady landlords, no lost payments, and no fine print surprises. Unlike traditional rental platforms like Airbnb, which store data on private servers and involve third-party verification, blockchain apps use smart contracts—self-executing digital agreements that trigger when conditions are met. That means no more waiting days for approvals or paying platform fees that cut into your budget. According to a report by Deloitte, smart contracts can reduce transaction processing costs by up to 30% and eliminate human error. Blockchain also makes rentals safer. Since every action, like rent paid or lease signed, is recorded on an immutable ledger, it’s nearly impossible to fake information or scam users. Plus, renters can carry their digital reputations (rental histories, reviews) across platforms. Transparency becomes the default, not the exception. Security? Solid. Data is encrypted and stored across a decentralized network, which makes it significantly harder for hackers to access your information. That’s a big upgrade from traditional systems, where breaches are far too common. In short, blockchain-based rental apps are flipping the script on how we rent homes, making it faster, cheaper, and way more trustworthy for everyone involved. Key Features of Blockchain-Based Rental Apps Smart Contracts Say goodbye to paper leases and landlords ghosting you after you’ve signed. Smart contracts are the real MVPs in blockchain-based rental apps—and here’s why. Smart contracts are self-executing agreements written in code, stored on the blockchain, and triggered automatically when preset conditions are met. In rental apps, they can handle everything from lease creation and rent collection to security deposit refunds, without human intervention. For instance, once a tenant pays rent, the contract immediately releases the payment to the landlord, ensuring no delays or disputes. This automation reduces administrative overhead and removes the need for third-party mediators. According to IBM, smart contracts can boost transaction speed by up to 70% and reduce operating costs significantly. Apps like Dtravel and Rentible use smart contracts to facilitate trustless transactions, allowing both hosts and guests to interact directly. Another benefit? Security. Smart contracts are tamper-proof. Once terms are set, neither party can alter them without mutual consent. This reduces fraud and builds accountability. For Gen Z renters and landlords used to doing everything from their phones, smart contracts are a game-changer, digitizing the rental process and making it faster, cheaper, and way less stressful. Decentralized Identity Verification Tired of uploading your ID to sketchy apps that promise to “keep it safe”? Blockchain flips the script—your data stays yours, and it’s verified without the sketchy middlemen. Decentralized identity verification uses blockchain to validate a user’s identity without storing sensitive data on a single server. Instead, your identity credentials—like government IDs, rental history, and credit score—are encrypted, stored in your digital wallet, and shared only when necessary. This gives users total control over their data and reduces the risk of identity theft. For renters, this means faster onboarding and less paperwork. No more waiting days for approval from landlords. For property owners, it ensures that tenant identities are authentic and verified. Platforms like Civic and SelfKey are pioneering this system by offering decentralized identity services that plug directly into blockchain apps. According to Gartner, by 2026, 30% of enterprises will use decentralized identity tools to reduce fraud and streamline user access. This trend is catching on fast in real estate, where trust and verification are critical. In a world where data breaches hit the news weekly, decentralized ID verification offers peace of mind. It keeps your info locked, secure, and totally under your control—just the way it should be. Transparent Reviews and Ratings Ever stayed at a place with “4.9 stars” that felt more like a haunted motel? Yeah, review systems can be rigged—but blockchain is changing the game. One of the most underrated but powerful features of blockchain-based rental apps is transparent, tamper-proof reviews and ratings. Traditional platforms can filter or even delete reviews. But on the blockchain, once a review is posted, it becomes a permanent part of the record, unaltered and visible to everyone. This builds serious trust. Whether you’re a renter checking a host’s credibility or a landlord screening potential tenants, you’re seeing verified feedback, not paid hype. Each review is linked to a completed transaction—no fake profiles, no bots. Apps like Origin Protocol’s OGN platform are already using blockchain to ensure real, verified user feedback. According to a BrightLocal study, 77% of users “always” or “regularly” read online reviews before making decisions, but 62% worry about their authenticity. Blockchain solves that anxiety by offering provable transparency. For Gen Z users who rely on social proof and digital rep, this feature is gold. It makes the platform community-driven and self-regulating, creating a safer, more honest rental ecosystem where people play fair because they know receipts are forever. Secure Digital Payments Bank delays, hidden fees, and sketchy payment links? Nah, we’re in the era of secure, […]

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Top Blockchain Apps Of 2025 And Where Their Revenue Stands

Sushmeet — Wed, 04 May 2022 11:07:48 +0000

Despite the fact that blockchain technology began with Bitcoin, it already has far-reaching applications outside of the cryptocurrency. Apart from bitcoin, blockchain has a wide range of uses in financial services, supply chains, and government. Governments are enacting new legislation to encourage the adoption of blockchain technology in order to enable top blockchain apps. In Arizona, for example, signatures secured by blockchain technology are permitted under state law. Governments and organizations use the system for a variety of purposes, including transferring value quickly, efficiently, and transparently, and retaining transparent and immutable records of transactions. Listed below are a few top blockchain apps that help industries and business operations become more efficient and faster: Top Blockchain Apps Of 2022 Bitstamp When it comes to crypto apps, Bitstamp is our top choice. This service may be familiar to you, as Bitstamp was founded in 2011, making it one of the world’s oldest cryptocurrency exchanges. Over 50 different cryptos, including major coins like BTC and ETH, as well as a variety of altcoins, are available for trading. Bitstamp is noted for its low-cost strategy, with consumers able to purchase cryptocurrencies for as little as 0.5 percent every transaction. Fees are reduced to 0.25 percent of your monthly trading volume that exceeds $10,000. When it comes to deposits, Bitstamp provides fee-free ACH transfers with no minimum deposit requirement. Bitstamp’s minimum position size for USD-denominated assets is only $10, and for BTC-denominated assets, it’s only 0.0002 BTC. Bitstamp secures 98 percent of customer funds in cold storage and encrypts personal data, ensuring that you may trade safely. Bitstamp, on the other hand, shines when it comes to its mobile app, which is accessible on iOS and android. Advanced order types and analytical tools are included in this program, which will appeal to seasoned traders. The Bitstamp app also includes biometric verification for added protection, as well as real-time charts and order book data. Finally, the Bitstamp app allows users to rapidly send and receive cryptocurrency, emulating the capabilities of a crypto wallet. Lastly, in the year 2020, Bitstamp Ltd has disclosed its total revenue to be €54.5 million. TraceDonate It’s an identity management tool that provides transparent and traceable cross-border transfers and donating, and it’s built on Hyperledger Fabric. It connects recipients and charity organizations, giving individuals who want to track their donations and have the peace of mind that their donations have arrived at their intended destination (as funds are kept in a digital online wallet.). Donors can check their gift history directly on the Trace dashboard, and they receive real-time notifications. Aglorand Algorand is working to bridge the gap between traditional and decentralized finance by delivering next-generation technologies and protocols that make financial transactions more equal for everyone. A collection of Layer-1 blockchains underpin the company’s technology, which provides scalability, security, transaction finality, privacy, co-chain, and smart contract capabilities, with use cases spanning from securities and supply chains to insurance, gaming, digital contracts, and beyond. Since 2018, the company has received total funding of $126M till 2021. eToro eToro is another top crypto app to consider in 2022, according to our research. The SEC, as well as the FCA in the United Kingdom, ASIC in Australia, and CySEC in Cyprus, regulate this provider. This means you may safely trade cryptocurrencies on your phone without having to worry about your funds being stolen. eToro supports approximately 50 cryptocurrencies in its supported markets. This means you can purchase Sandbox, Ethereum Classic, and other new altcoins with one click with minimal fees. You can also obtain exposure to the top Defi coins in 2022 thanks to the large choice of supported cryptos. This covers cryptocurrencies such as Bitcoin, Ethereum, and EOS, as well as XRP, Cardano, and AAVE. You’ll also be glad to find that Dogecoin can be purchased on eToro for a modest charge. On the eToro app, you can trade on any supported crypto market on a spread-only basis. This starts at only 0.75 percent, which is quite low. We enjoy that US customers can deposit monies for as little as $10. Deposits in US dollars are free, and payment options supported include debit and credit cards, ACH, bank wires, PayPal, Skrill, and others. Furthermore, the eToro app’s minimum bitcoin trade requirement is only $10. eToro’s passive investment options are also appealing to us. This features a copy trading function that allows you to mimic a seasoned day trader’s crypto investments. You can also put your money into a diverse cryptocurrency portfolio that is managed by the eToro staff. This is where the eToro crypto app really shines in terms of user-friendliness. eToro generated $605 million in revenue in the year 2020 as reported by the GlobeNewswire Burst IQ It is an elevated and versatile Blockchain network developed for securely handling health and identification data, and it was founded in 2015. Its goal is to create seamless connections among systems, partners, and individuals so that, rather than focusing on infrastructure, one may concentrate on creativity. This program allows you to securely send medical information from point A to point B while remaining anonymous. Besides securely transferring data, Blockchain has many use cases in the healthcare industry. The entire launch of the BurstChain UI software developer kit, which allows application developers to install blockchain-enabled web applications and services on its platform, was announced in August 2020. They have managed to earn total revenue of $900K as of 2021. MediaChain Mediachain is a decentralized, peer-to-peer database for sharing data across applications and organizations. Data is tamper-proof and decentralized using content addressing, allowing for location-independent collaboration with no single point of control. For their identity, readership, and monetization, publishers now rely on centralized platforms. All data in Mediachain is encrypted and linked to the author’s identity, providing a direct conduit for attribution, analytics, and value to flow. The concentration of power in huge platforms is increasingly threatening our ability to innovate. Developers, creators, and organizations may use open, shared data to reimagine how we share, consume, […]

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Blockchain as a Service and How Does BaaS Work?

Anurag Jain — Thu, 10 Oct 2019 13:50:30 +0000

The engineering Blockchain has hit the marketplaces everywhere these days. And it’s because blockchain has many applications that deliver higher output and reliability than the conventional network. Now that all businesses have started to experiment with the blockchain, a whole new type of marketplace is developed. What is Blockchain as a Service (BaaS) Blockchain as a Service (BaaS) is a product that allows users to develop, manage and use their own blockchain apps, smart contracts and blockchain functions using cloud-based solutions. The cloud-based services provider performs all the essential tasks and activities in order to keep the network scalable and operational. The blockchain ecosystem has an interesting development that implicitly facilitates the blockchain implementation of companies. The definition of software as a service (SaaS) system is based and operates similarly. Breaking Down Blockchain as a Service Individuals and businesses are more and more ready to adapt to software blockchain. The technological difficulties and administrative overhead involved in the development, installation, operation, and maintenance of the blockchain infrastructure often dissuade its massive adoption. In addition to leading technology giants, several start-ups now give the Blockchain as a Service model (BaaS) a viable solution to this problem. How Blockchain as a Service Works? BaaS is when an external provider sets up for a customer all the necessary “blockchain technology and infrastructure.” By paying for BaaS, a customer pays the BaaS manufacturer for the establishment and maintenance of blockchain connected nodes. The dynamic back end for the user and their company is handled by a BaaS provider. The BaaS operator ensures that essential objects and services relevant to the blockchain are preserved and managed. It also covers bandwidth control, sufficient capacity allocations, storage needs and offers security features such as hacking prevention. By using a BaaS model, consumers can now focus on their core activities–their blockchain technology-rather than on problems related to infrastructure and performance. Consider BaaS’s function close to that of a provider of web hosting. You create a beautiful website that can reach millions a day. You can literally host and run this website from your own office on your own computer/server and take care of yourself or by hiring support personnel. Furthermore, you can also host the website on an inconvenient basis. In short, BaaS could be the required catalyst that can lead to various industries and companies to much wider and greater adoption of blockchain technology. The corporation, big or small, can now simply “outsource” the technological complex work and concentrate on its core business rather than developing and managing their own blockchains. For their own BaaS deals, large technology corporations are already tossing their hats into the blockchain rings. The BaaS system is supported by Microsoft on its Azure platform. It has its own BaaS that focuses on private blockchains and its own cloud-hosting services are given to Amazon and Oracle. How BaaS Works in Real World It quickly appears that blockchain is not only supplying cryptocurrencies with the network but also provides cost and efficiency commercial benefits. Blockchain also has an important position in improving the transparency of payments that can be a thorny problem. Here are some applications in the real world which can be checked and carried on Blockchain as a service platforms: Documentation Tracking Blockchain offers an unchangeable, decentralized tracking system for documentation. In other words, where it is necessary to transact blockchain, documentation would ensure equal access for all participants to the same data. Furthermore, blockchain is unchangeable, ensuring that no participant can change records–everyone is certain that documents are accurate and safe. Data Storage Several applications requiring safe, non-central data storage may benefit from the blockchain storage of data. The risk of data loss is lower with the data stored in a distributed blockchain because blockchains are only scalable. The safe and unchangeable properties of the processing of information on the blockchain support highly regulated industries. Contract Execution Blockchain can provide a contract execution platform that allows high transparency along with smart contracts. Both parties are aware as well of the distribution of blockchain as there is a “single source of truth.” As a result, contracts are more quickly handled, allowing quick conclusion and payment. Blockchain’s versatility and related technologies lend themselves to many yet to be found applications. By making any significant investments, BaaS provides businesses with the opportunity to find such applications. Overall, BaaS is the technology your business needs if you want to take to new levels. BaaS not only makes blockchain tech available to a broader set of audience but serves all the rapidly emerging use cases of Blockchain, widening the scope of your business at the same time. See Also: Determine Blockchain Development Cost Blockchain Development Company dApp Development Company

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