Governments worldwide have clearly spelt out specific penalties related to road traffic offences. Unfortunately, governments continue to lose a lot of revenue due to bribes on the roads.

The whole point of developing cryptocurrencies has been taking control back to the people, the users. Bitcoin and indeed all cryptocurrencies have been developed to empower ordinary users with complete control and easy access to their assets, in this case, money. Thus, the central hold and control of huge financial firms on people’s money have been threatened.

This article will look at one high profile applications on Ethereum, namely; Augur, excluding Digix and Maker. These are decentralized applications, otherwise known as Dapps on the blockchain.

The music industry is yet another sector that could benefit immensely from Blockchain technology once adopted and fully implemented. This is another sector poised to benefit more from the potential offered by smart contracts. It is one industry with so many intermediaries and the elimination of some of these could prove beneficial.