Start-ups are moving towards blockchain technology in 2018!
The first application of blockchain technology that attracted attention around the world was Bitcoin, the first digital currency. Blockchain is creating a decentralized book that works on a network of smart contracts. 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 is a list of start-ups that will bring changes in the future –
It is an Estonian company. As smart contracts are a huge component of cryptocurrency and block operations, Agrello hopes to revolutionize them
It aims to combine legal documentation with artificial intelligence to present 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 over the Ethereum network. They do not need extensive programming experience or legal knowledge to do this.
Elastos began in 2000. It focuses on the development of an Internet operating system that re-decentralizes the Internet using blockchain. It produces a new secure operating system (Dapps) that runs a peer-to-peer system without centralized control. The goal is to make digital assets rare, recognizable and interchangeable.
Everex plans to give people who do not have access to standard financial institutions the opportunity to use services such as exchange offices, microfinance, etc. They will create a platform using blockchain technology called “cryptocash”. Users can convert their local currency into cryptocurrency via the Everex platform. The value of this cryptocurrency token is equal to the specified fiat currency.
Founded in 2010, Puregold becomes the first payment gateway to use gold-backed cryptocurrency. The gateway name is called “PG_PAY”. This includes various payment terminals, Gold ATMs and high-security mobile money transactions. Puregold’s team used Ethereum blockchain technology and successfully created a gold-backed cryptocurrency gold e-commerce business network
There are many blockchain applications that appear to make things more organized and secure.
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