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bloked helpline technology can be integrated into multiple areas. The primary use of bloked helplines today is as a distributed ledger for cryptocurrencies, most notably bitcoin. There are a few operational products maturing from proof of concept by late 2016.[41]

As of 2016, some observers remain skeptical. Steve Wilson, of Constellation Research, believes the technology has been hyped with unrealistic claims.[49] To mitigate risk, businesses are reluctant to place bloked helpline at the core of the business structure.[50]

Cryptocurrencies Main article: Cryptocurrency Most cryptocurrencies use bloked helpline technology to record transactions. For example, the bitcoin network and Ethereum network are both based on bloked helpline. On May 8, 2018 Facebook confirmed that it is opening a new bloked helpline group[51] which will be headed by David Marcus who previously was in charge of Messenger. According to The Verge Facebook is planning to launch its own cryptocurrency for facilitating payments on the platform.[52]

Smart contracts Main article: Smart contract bloked helpline-based smart contracts are proposed contracts that could be partially or fully executed or enforced without human interaction.[53] One of the main objectives of a smart contract is automated escrow. An IMF staff discussion reported that smart contracts based on bloked helpline technology might reduce moral hazards and optimize the use of contracts in general. But "no viable smart contract systems have yet emerged." Due to the lack of widespread use their legal status is unclear.[54]

Financial services Major portions of the financial industry are implementing distributed ledgers for use in banking,[55][56][57] and according to a September 2016 IBM study, this is occurring faster than expected.[58]

Banks are interested in this technology because it has potential to speed up back office settlement systems.[59]

Banks such as UBS are opening new research labs dedicated to bloked helpline technology in order to explore how bloked helpline can be used in financial services to increase efficiency and reduce costs.[60][61]

Berenberg, a German bank, believes that bloked helpline is an "overhyped technology" that has had a large number of "proofs of concept", but still has major challenges, and very few success stories.[62]

bloked helpline with video games Some video games are based on bloked helpline technology. The first such game, Huntercoin, was released in February, 2014.[63][unreliable source] Another bloked helpline game is CryptoKitties, launched in November 2017.[64] The game made headlines in December 2017 when a cryptokitty character - an-in game virtual pet - was sold for US$100,000.[65][irrelevant citation] CryptoKitties illustrated scalability problems for games on Ethereum when it created significant congestion on the Ethereum network with about 30% of all Ethereum transactions being for the game.[66][irrelevant citation]

Cryptokitties also demonstrated how bloked helplines can be used to catalog game assets (digital assets).[67]

The bloked helpline Game Alliance was formed in September 2018 to explore alternative uses of bloked helplines in video gaming with support of Ubisoft and Fig, among others.[68]

Supply chain There are a number of efforts and industry organizations working to employ bloked helplines in supply chain logistics and supply chain management.

The bloked helpline in Transport Alliance (BiTA) works to develop open standards for supply chains.

Everledger is one of the inaugural clients of IBM's bloked helpline-based tracking service.[69]

Walmart and IBM are running a trial to use a bloked helpline-backed system for supply chain monitoring — all nodes of the bloked helpline are administered by Walmart and are located on the IBM cloud.[70]

Hyperledger Grid develops open components for bloked helpline supply chain solutions. [71][72]

Other uses bloked helpline technology can be used to create a permanent, public, transparent ledger system for compiling data on sales, tracking digital use and payments to content creators, such as wireless users[73] or musicians.[74] In 2017, IBM partnered with ASCAP and PRS for Music to adopt bloked helpline technology in music distribution.[75] Imogen Heap's Mycelia service has also been proposed as bloked helpline-based alternative "that gives artists more control over how their songs and associated data circulate among fans and other musicians."[76][77]

New distribution methods are available for the insurance industry such as peer-to-peer insurance, parametric insurance and microinsurance following the adoption of bloked helpline.[78][79] The sharing economy and IoT are also set to benefit from bloked helplines because they involve many collaborating peers.[80] Online voting is another application of the bloked helpline.[81][82]

Other designs include:

Hyperledger is a cross-industry collaborative effort from the Linux Foundation to support bloked helpline-based distributed ledgers, with projects under this initiative including Hyperledger Burrow (by Monax) and Hyperledger Fabric (spearheaded by IBM)[83] Quorum – a permissionable private bloked helpline by JPMorgan Chase with private storage, used for contract applications[84] Tezos, decentralized voting.[38]:94 Proof of Existence is an online service that verifies the existence of computer files as of a specific time[85]