Smart Decentralized Applications.

For an application to be considered a Dapp it must meet the following criteria:

• Open Source – Source codes of app are available to public, it must operate autonomously, with no entity controlling the majority.
• Decentralized – Uses a blockchain-like cryptographic technology, application's data and records of operation are stored on a public ledger.
• Incentivized – App has crypto-tokens/digital assets, which are necessary for access to the application and any contribution of value.
• Consensus Mechanism – Generates tokens according to a standard crytptographic algorithm acting as a proof of the value nodes are contributing to the application.

As a result, it is correct to say Bitcoin and Ethereum are DApps and Blockchain Platforms that allow developers to build their own DApps like OmniLayer, Augur, Golem.

We will see significant changes in Finance, HealthCare, Energy distribution, Real Estate, Governance, Education, Voting, Identity Authentication, Logistics and Supply Management, disrupted by this technology.