The Future Is Now: 5 Apps That Prove The Booming Business Behind Web App Development

If any doubt remained about the power of web application-based industry, they were wiped away by the recent news of Apple’s purported $3.2M takeover of the Dr. Dre-driven Beats Music, which is poised to provide the iTunes Radio service provider extra ammunition in its web-based rivalry against Pandora and Spotify for listener’s ears—and subscription and advertising dollars. How did virtual come to replace brick-and-mortar startups, with companies such as Netflix wiping Blockbuster Video out of existence, and what other innovative companies and clever entrepreneurs should be on our radar?

The Innovation of Bitcoin: How Does It Really Work?

Exchange of goods and services happens every day around the world. Here are two scenarios in which it may occur.

1. The Middleman

I have an orange, and you want my orange. We agree that you can have my orange if you wash my car. You wash my car, and I give my orange to a stranger along with a dollar bill. That stranger hands the orange to you and keeps the dollar. You have been paid your one orange and the stranger has been paid a dollar for being the middleman in our transaction. This is how most of our monetary transactions currently happen.

2. Peer Exchange

I have an orange, and you want my orange. We agree that you can have my orange if you wash my car. You wash my car, and I give you the orange. No one has witnessed the transaction but the two of us, but we know I had an orange and gave it to you. No third party was involved, and we both got what we wanted: a sweet juicy orange and a clean car.