Startups moving towards blockchain technology in 2018!
The first application of blockchain technology to attract attention around the world was Bitcoin, the first digital currency. Blockchain creates a decentralized book that runs on a network of smart contracts. Blockchain can provide high security using the concept of public and private keys for authentication. Thus, blockchain technology can be used in any industry in which value is exchanged. This technology has more applications than just cryptocurrencies.
Below is a list of startups that will make a difference in the future –
It is an Estonian company. Since smart contracts are a giant component of cryptocurrency and blockchain transactions, Agrello hopes to change them.
It aims to combine legal documents with artificial intelligence to deliver 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 over the Ethereum network. They do not need extensive programming experience or legal knowledge.
Elastos was launched in 2000. It focuses on the development of an Internet operating system that decentralizes the Internet with blockchain. It produces a new secure operating system (Dapps) that works peer-to-peer without centralized control. It aims to make digital assets unique, recognizable and marketable.
Everex provides currency exchange, microfinance, etc. to people who do not have 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 currencies into cryptocurrencies through the Everex platform. This cryptocurrency token will have a value equal to the specified fiat currency.
Founded in 2010, Puregold is the first payment gateway to use gold-backed cryptocurrency. The name of the gateway is “PG_PAY”. These include 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 of gold-backed cryptocurrencies.
There are many blockchain applications that are emerging to make things more organized and secure.
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