Startups moving towards blockchain technology in 2018!
The first application of blockchain technology to gain worldwide attention is Bitcoin, the first digital currency. Blockchain creates a decentralized ledger that runs on a network of smart contracts. Blockchain can provide high security by using the concept of public and private keys for authentication. Thus, blockchain technology can be used in any industry where value is exchanged. This technology has more applications than just cryptocurrencies.
Below is a list of startups that will bring change in the future –
It is an Estonian company. Since smart contracts are a huge component of cryptocurrency and blockchain transactions, Agrello hopes to revolutionize them.
It aims to combine legal documents with artificial intelligence to bring smart contracts to the general public without a comprehensive blockchain experience. Agrello’s creates an interface that allows users to easily create their own legally binding smart contracts on the Ethereum network. For this, they do not need to have extensive programming experience or legal knowledge.
Elastos started in 2000. It focuses on the development of an internet operating system that re-decentralizes the internet with blockchain. It produces a secure new operating system (Dapps) that works peer-to-peer without centralized control. It aims to make digital assets rare, recognizable and tradable.
Everex provides currency exchange, microfinance, and more to people without access to standard financial institutions. plans to give a chance to use such services. They will create a platform using blockchain technology called “cryptocash”. Users can convert their local currency to cryptocurrency through the Everex platform. This cryptocurrency token will gain value equal to the specified fiat currency.
Founded in 2010, Puregold becomes the first payment gateway to use gold-backed cryptocurrency. The name of the gateway is called “PG_PAY”. This includes various payment terminals, Gold ATMs and highly secure mobile money transactions. The Puregold team used Ethereum blockchain technology and successfully created an e-commerce gold business network consisting of a gold-backed cryptocurrency.
There are many blockchain applications emerging to make things more organized and secure.
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