dApps - helping to power new decentralised products and services

An app, short for application, is a software program that runs on a device - for example, a smartphone, tablet, laptop or computer. Apps are typically designed to perform a specific function, such as providing a service or facilitating communication. Meanwhile a dApp, short for decentralised application, runs on a decentralised network. Unlike traditional apps, which typically have a centralised architecture with a server that manages data and processes requests, dApps are created to operate in a distributed network and are typically open-source, transparent and have no single point of control or failure. They are digital applications that use smart contracts housed on a decentralised server, typically run-on peer-to-peer (p2p) or blockchain networks. DApps are very similar to traditional applications, such as Twitter, YouTube, LinkedIn, etc., except that they do not run on centralised servers. When, and if, certain conditions are met  then a task that has been programmed. In essence,…