While BSV blockchain is often praised for its payment capabilities, its technological capabilities mean that app developers are continuing to push boundaries with the protocol. One such entrepreneur is Dr Maximillian Sinan Korkmaz who has launched not one but two world-class apps – my2cents and Bau App.
Presenting at the recent Blockchain Developers Conference in Istanbul, Korkmaz explained his thought processes, challenges and triumphs in developing the two apps, and explains why he chose the BSV blockchain.
Dr Korkmaz is a passionate engineer and published author of numerous scientific articles as well as a technical book. In 2022, he launched my2cents, the only blockchain-based web3 super app.
A social media network that is unafraid
my2cents is a social platform on which users earn money with their actions. The platform allows users to post text, videos, and podcasts on the blockchain and make money.
Notably, my2cents differentiates itself from traditional social media websites such as Twitter, Reddit and YouTube in that it does not have a ‘follow’ function. Instead, the platform aims to ‘pay attention to what is said’ instead of ‘who says it’.
No content is shadowbanned on my2cents and it aims to promote the ideas, feelings and worldviews of people from diverse cultural and socioeconomic backgrounds, thus eliminating confirmation bias. my2cents does not have an algorithm that determines what is displayed to each user, unlike other social platforms and search engines. Every user sees the same content on my2cents if their ‘recent/top’ settings are the same.
‘The mission of my2cents is to let entities own and monetise their content, goods and services through on-chain peer-to-peer microtransactions,’ said Korkmaz. Additionally, users receive more than 60% of the advertisement revenue of the app, which is typically much bigger than a microtransaction.
‘In the silicon-valley-based current system, the proprietary rights of internet users are not respected, which disincentivises users from creating online content or engaging in P2P commerce. Through micropayments, my2cents incentivizes users to create better and more online content, along with providing a platform for commerce among individuals.’
Reforming the construction sector
While my2cents has proven to be the most popular app on BSV, Korkmaz has also been building Bau App (which means ‘construction‘ in German). Leaning on his more than 17 years of experience as a structural engineer, Bau is a super app which aims to address many of the longstanding issues facing the construction industry.
‘The construction sector is still one of the least digitised and least efficient industries in the world, and as a structural engineer this is embarrassing to me and we hope to change this,’ said Korkmaz.
‘The solution is an all-in-one construction project management solution, where participants of construction projects can agree on contracts and run circular construction projects. Payments among them are then executed through smart contracts when they are due.’
Korkmaz added that the Bau App provides five key offerings:
- A database for ‘structure as a material bank built on Metaverse’;
- A circular construction marketplace;
- An on-chain job board for the construction industry;
- Construction site management combining IoT and Blockchain;
- A revolutionary payment system using smart contracts.
Developing on BSV blockchain
The success of my2cents and the Bau App shows the development power of the BSV blockchain, with more people building on the protocol every day. Whether it’s developing your apps, tokens or NFTs on Bitcoin – it has never been easier to build with BSV.
We have created a thriving enterprise-ready ecosystem built for business with a wealth of tools to help you build your next blockchain product.
As part of the BSV blockchain Academy, Bitcoin Association has curated a range of educational information and resources to establish a curriculum, from which training modules and courses on Bitcoin for Enterprises, Bitcoin Theory, Bitcoin Development, and Bitcoin Infrastructure have been created to best serve the needs of the BSV blockchain community.
You can find out more about building on BSV blockchain here.