Start-ups are moving towards blockchain technology in 2018!
The first application of blockchain technology to attract worldwide attention was bitcoin, the first digital currency. Blockchain is creating a decentralized book that works on a network of smart contracts. The blockchain is able to provide high security using the concept of public and private authentication keys. This concludes that blockchain technology can be used in any industry where value is exchanged. This technology has many more applications than just cryptocurrencies.
Below are the lists of startups that will bring change in the future –
This is an Estonian company. As smart contracts are a giant component of cryptocurrency and blockchain transactions, Agrello hopes to revolutionize them.
It aims to combine legal documentation with artificial intelligence to provide smart contracts to the general public without comprehensive blockchain experience. Agrello’s creates an interface that allows users to easily create their own legally binding smart contracts through the Ethereum network. This does not require them to have extensive programming experience or legal knowledge.
Elastos was launched in 2000. It focuses on developing an Internet operating system that re-decentralizes the Internet with a blockchain. It produces a secure new operating system (Dapps) that runs peer to peer without centralized control. Its goal is to make digital assets rare, recognizable and marketable.
Everex plans to provide the opportunity to use services such as currency exchange, microfinance, etc. to people who do not have access to standard financial institutions. They will create a platform using blockchain technology called “cryptocash”. Users can convert their local currency into cryptocurrency through the Everex platform. This cryptocurrency token will be equal to the specified fiat currency.
Established in 2010, Puregold became the first payment gateway to use gold-backed cryptocurrency. The name of the gateway called “PG_PAY”. This includes various payment terminals, gold ATMs and high-security mobile money transactions. The Puregold team uses Ethereum blockchain technology and successfully creates a gold business network for e-commerce from gold-backed cryptocurrency
There are many blockchain applications that appear to make things more organized and secure.
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