BLOOMATCH A BLOCKCHAIN BASED DATING APPLICATION - PowerPoint PPT Presentation

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BLOOMATCH A BLOCKCHAIN BASED DATING APPLICATION

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Tinder has an estimated 50 million registered users with over 10 million daily active users. A determined 26 million matches are made on Tinder every day. All this goes to show how big the online dating industry has become.Learn more about Blockchain – PowerPoint PPT presentation

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Title: BLOOMATCH A BLOCKCHAIN BASED DATING APPLICATION


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Bloomatch a Blockchain based dating application
  • So far we have discussed at length the various
    applications of blockchain technology in finance,
    banking, and logistics. But clearly, blockchain
    has a much broader use case as is evident from
    its use in food technology, fashion and now, even
    dating. Dating has evolved in many different
    shapes and forms over the years and the 21st
    century undoubtedly belongs to online dating.
    Tinder has an estimated 50 million registered
    users with over 10 million daily active users.

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  • A determined 26 million matches are made on
    Tinder every day. All this goes to show how big
    the online dating industry has become. It is
    expected to grow even faster in the coming years
    as more people get access to cell phones and
    become comfortable with the idea of meeting
    people online. But all this comes at the expense
    of the users who have to give up their data to
    use the service and often pay money to use
    premium features. Lets take a deep dive into the
    use of blockchain technology for developing a
    dating platform and see what benefits it can
    offer compared to centralized services.

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The current centralized model
  • The most prominent dating applications like
    Tinder, OkCupid and others are centralized
    services that obfuscate a lot of the matchmaking
    process from the users. Tinder provides little
    information about matches and even less
    information about the metrics used to show
    potential matches. Users find it difficult to
    understand why they arent meeting meaningful
    matches through these platforms as they do not
    publicly show how matches are made.

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  • Tinder uses proprietary code to determine a
    users worth and uses that value to match that
    user with other users. Some of the more premium
    features like SuperLikes and Boost to increase
    ones presence cost several hundred dollars every
    year. Additionally, these companies are privy to
    a lot of user data that they use to spy on their
    users.
  • Learn more about Blockchain

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  • By comparison, blockchain based bloomatch
    platform is a much fairer and decentralized
    system. Bloomatch uses a host of artificial
    intelligence features to improve matches. Instead
    of relying on just pictures for matches, it uses
    a wide variety of questions to assess a pairs
    compatibility. But ultimately, what sets
    bloomatch apart is its transparency. Since it is
    a decentralized system, there is no centralized
    authority to spy on the users. All of the
    information shared on the platform is publicly
    available to be used by other users. This would
    allow users to see how they are rated and improve
    upon areas in their life that need improvement.

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  • Another area where blockchains can improve the
    online dating experience is that of identity
    theft and extortion. Media is flush with news of
    Tinder and other social media platforms used to
    extort money from unsuspecting victims with some
    cases even ending in murder. The main cause of
    this is that these platforms have very lax
    security requirement making it easy to create
    fake profiles for illegal activities. Blockchains
    solve this issue by using public key
    cryptography. Similar to the digital signing of
    Bitcointransactions, profiles can be verified
    using digital signatures that are impossible to
    forget. This would make for a much more safer
    experience.

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Blockchain Council Certifications
  • You can check out our certifications, and kick
    start your career in the Blockchain space today.
  • Certified Blockchain Expert
  • Certified Blockchain Developer
  • Certified Smart Contract Developer
  • Certified Solidity Developer
  • Certified Ethereum Developer

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