Slock, an internet-of-things platform of Ethereum, uses this application to enable customers to rent apartments by activating an smart lock once the contractual agreements have been agreed on by both parties.

Not only does the blockchain waive the need for third parties, it ensures that the Ledger participants are aware of the details of each contract and that the terms of the contract are fulfilled once the specified conditions have been met.

The most well-known blockchain application is one that allows you to make and receive payments. Because the genesis of blockchain technology was in cryptocurrency, this makes sense. Using blockchain technology, you may send money to anybody on Earth with no restrictions or fees. There are no Intermediaries who would slow down the transfer of funds between multiple banks or charge excessive transaction costs.

Global capital markets handle billions of dollars in syndicated loans each year, necessitating the involvement of numerous banks and financial institutions. As a consequence, costs and liabilities will rise. Blockchain's digitization and standardization may help solve these issues.

Smart contracts on Ethereum can streamline present esports operations, create new revenue streams, and improve fan engagement through loyalty programs and incentives.