Startups that have Integrated Blockchain Technology in Innovative Ways to Succeed and Make the World a Better Place |
Posted: April 21, 2018 |
Cryptocurrency created quite a buzz last year. Although this technology has been around for the last few years, 2017 was the year when it really took off. The first application of cryptocurrency technology, Bitcoin, hit a record high, while coins like Ripple also saw their prices go high. However, the technology associated with these tokens, blockchain, has many other applications apart from cryptocurrencies. Blockchain is able to provide unparalleled security and data transfer speeds through a network of smart contracts which function utilizing the information on a ledger. Due to this application of blockchain technology businesses have already started showing impressive results in nearly all the industries where values are exchanged. As a consequence of this, many startups have started to explore how this technology can change the way the world works. Here are twelve of those startups, each of which are utilizing blockchain technology in new ways. 1. Fr8 This platform’s blockchain networking regulates digitization of record keeping that is linked to trading of assets, even in situations where intermediaries and brokers are incentivized to stand against changes. By applying this blockchain technology, Fr8 helps to streamline and organize the industry in a trustworthy way. 2. IOST Internet of Services (IOST) is a relatively new cryptocurrency that is attempting to solve scalability issues. A descendant of Ethereum, IOST is a blockchain with the motive of serving as an infrastructure for web developers to create decentralized apps. 3. Impact PPA (PPA stands for power purchase agreement) “Impact PPA” created the “Smart PPA” platform that links the entire blockchain community to environmentally concerned and socially impactful projects that fuel development of sustainable solutions. “The platform is designed to manage renewable energy resources from generation to distribution to payment.” Its aim is to solve the world's most worried about environmental and humanitarian concerns. 4. ShipChain ShipChain is a freight and logistics platform which is built on blockchain technology. It focuses on an overall tracking and tracing, which allows unification across the entire supply chain management among all the carriers. 5. Nano Vision Nano Vision is focused on empowering global citizens to step up and lend their efforts to initiate a disease-prevention research and development. With the implementation of blockchain's decentralized solution, almost anyone, whether they are scientists or simply civilians, can have access to the data that's been collected and the research that's been recorded on this platform. This initiative predicts that this will pave new steps towards the research process, thus enabling faster innovation. 6. BuzzShow BuzzShow is a platform that executes proof of contribution to reward social video users. It emphasizes on creating a decentralized social video ecosystem blended with a full economic cycle and perks for optimizing and sharing those videos. Users retain full privacy measures and authority over their social media video within the social media landscape. This platform currently has over 16,000 users. 7. Patron Patron is a global influencer-marketing platform built with blockchain tech. It was introduced by Atsushi Hisatsumi, a Japanese entrepreneur. The company aims to connect global influencers with major brands in the most secure and transparent ecosystem structure. Benefits of this platform include the omission of most common intermediary charges, incentives and voting using tokens to compete with other parties. The company has reportedly made over $10 million in the recent times. 8. Photochain It is a decentralized stock photography platform built on blockchain. According to analysts, using this platform’s marketplace, “photographers can retain up to 90 percent of their potential earnings, while ensuring all copyrights and protections are in place using the company's Digital Copyright Chain (DCC) solution.” The marketplace also promises to connect buyers for a fair and flexible experience, eliminating most of the unwanted fees and copyright issues that are currently found in the stock photography market. 9. ODEM It is the world's first ever decentralized on-demand education marketplace. Utilizing the power of blockchain technology and its hassle free contractual payment platform, ODEM will enable students and teachers to interact directly and participate in education exchange and learning, without involving any intermediary. This implies greater access to an enhanced quality of education at a relatively lower cost that would help to bridge the educational gap for millions of students all over the world.
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