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[[ch12]]
== Blockchain Applications
((("bitocin", "blockchain applications", id="BCblockapp12")))Let's now build on our understanding of bitcoin by looking at it as an _application platform_. Nowadays, many people use the term "blockchain" to refer to any application platform that shares the design principles of bitcoin. The term is often misused and applied to many things that fail to deliver the primary features that bitcoin's blockchain delivers.
Let's now build on our understanding of bitcoin by looking at it as an _application platform_. Nowadays, many people use the term "blockchain" to refer to any application platform that shares the design principles of bitcoin. The term is often misused and applied to many things that fail to deliver the primary features that bitcoin's blockchain delivers.
In this chapter we will look at the features offered by the bitcoin blockchain, as an application platform. We will consider the application building _primitives_, which form the building blocks of any blockchain application. We will look at several important applications that use these primitives, such as colored coins, payment (state) channels, and routed payment channels (Lightning Network).
@ -543,4 +543,4 @@ Of course, as mentioned previously, the Lightning Network protocol is not the on
=== Conclusion
We have examined just a few of the emerging applications that can be built using the bitcoin blockchain as a trust platform. These applications expand the scope of bitcoin beyond payments and beyond financial instruments, to encompass many other applications where trust is critical. By decentralizing the basis of trust, the bitcoin blockchain is a platform that will spawn many revolutionary applications in a wide variety of industries.((("", startref="BCblockapp12")))
We have examined just a few of the emerging applications that can be built using the bitcoin blockchain as a trust platform. These applications expand the scope of bitcoin beyond payments and beyond financial instruments, to encompass many other applications where trust is critical. By decentralizing the basis of trust, the bitcoin blockchain is a platform that will spawn many revolutionary applications in a wide variety of industries.