Startups moving towards blockchain technology in 2018!
The first application of blockchain technology that has caught the world’s attention is Bitcoin, the first digital currency. Blockchain creates a decentralized ledger that works on the network of smart contracts. Blockchain can provide high security by using the concept of public and private keys for authentication. That concludes that blockchain technology can be used in any industry where a value is exchanged. This technology has many more applications than cryptocurrencies.
Below are the lists of startups that will bring changes in the future:
It is an Estonian company. As smart contracts are the giant component of cryptocurrency and blockchain operations, Agrello hopes to revolutionize them
Its goal is to combine legal documentation with artificial intelligence to bring smart contracts to the general public without comprehensive blockchain expertise. Agrello creates an interface that allows users to easily create their own legally binding smart contracts over the Ethereum network. This does not require extensive programming experience or legal knowledge.
Elastos started in 2000. It is focused on developing an Internet operating system that re-decentralizes the Internet with blockchain and is producing a new secure operating system (Dapps) that runs on a peer-to-peer basis without centralized control. Their goal will be to make digital assets rare, recognizable, and tradable.
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 cryptocurrencies through the Everex platform. This cryptocurrency token will have a value equal to the specified fiat currency.
Puregold, established in 2010, is becoming the first payment gateway to use a gold-backed cryptocurrency. The gateway name is called “PG_PAY”. This includes different payment terminals, Gold ATMs and highly secure mobile money transactions. The Puregold team used Ethereum’s blockchain technology and successfully created a gold-backed cryptocurrency e-commerce gold business network.
Many blockchain applications are emerging to make things more organized and secure.
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