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10 Blockchain Companies To Watch In 2019

More and more companies are sprouting in the blockchain space.

Earlier this month, arguably the biggest blockchain week in the world kicked off in New York City with CoinDesk’s Consensus event. A previous interview that covered blockchain technology led to a deeper look at the technologies, founders, and companies that are emerging in the industry.

While some of the best projects on display were infrastructure-related, like public blockchains, others were more focused on ancillary services. The teams of these innovative blockchain startups are global, cutting-edge and typically include early blockchain adopters as founders.

This list showcases 10 companies working to make blockchain more accessible, prominent and mainstream. Some you may have heard of; others are new to the scene. The companies come from all regions of the world. Each offers something unique with the potential to disrupt traditional industries as well as gain support from legitimate entities.

  1. BiKi

BiKi.com was founded in June 2018. Headquartered in Singapore, it is a leading digital asset exchange focused on the global market. It accumulated 1.1 million registered users and 100,000 daily active users in under a year. Backed by Du Jun, co-founder of Huobi, BiKi is one of the fastest-growing exchanges. It focuses on the global incremental market, with a mission to bring digital assets to the mainstream.

  1. Advanced Blockchain AG

Berlin-based, publicly listed Advanced Blockchain AG (ABAG) was started by German crypto pioneer and co-founder of peaq.io, Robert Küfner. The company is an innovator of blockchain solutions for corporations, building a DLT solution for one of the largest automotive manufacturers in the world. ABAG was recently selected to participate in the Silicon Valley chapter of the German Accelerator, which empowers high-potential German companies to successfully enter US markets. Further approaches using peaq.io’s proprietary DAGchain remain confidential.

  1. YottaChain

Built by leading scientists and cryptographers, YottaChain is a public blockchain that uses a unique economic model and governance structure, as well as proprietary technology, to connect global computing and storage resources. In layperson’s terms, everyday people can now tap into the power of a supercomputer and large-scale storage previously reserved for enterprises. This is done by connecting decentralized storage resources while providing de-duplication after encryption. In 2018, YottaChain was a top 20 finalist at the Founder World Championship in Silicon Valley.

  1. HeroToken

Based in Barcelona, HeroToken is the continued mission from the success story of PawnHero. Founder David Margendorff, together with a solid team of technology experts, is working on HeroToken to build the prospect of a better future for billions of unbanked and underbanked funds globally. This solution leverages the blockchain to provide a transparent loan marketplace that connects lenders with borrowers worldwide.

  1. Bitconch

With a global development team of former Google, IBM, Huawei and GE engineers, Bitconch is using a proof of reputation (POR) consensus algorithm to enable its beta network to reach 100,000 transactions per second, which is reported to be the highest performance in the blockchain environment. Bitconch established an intelligent three-dimensional node reputation system, with POW (proof of work) + POS (proof of stake) + POA (proof of activity), which contributes to an open node pool and anti-centralization. The company recently partnered with Cryptic Labs to help scale up their efforts.

  1. BREACH

BREACH was founded with one goal in mind: to ensure your digital assets. Backed by PJC, the leading early-stage venture capital firm based in Boston, BREACH is partnering with global insurers, cybersecurity experts and exchanges to offer products to safeguard user investments. With nearly $1 billion of cryptocurrency stolen from exchanges in 2018, the use case for insurance products in the blockchain industry has never been stronger.

  1. KaratGold

Based in Germany, Karatbars International GmbH is the parent company of KaratGold Coin and a robust gold-based ecosystem of cross-border blockchain solutions. Their latest product, the IMPulse K1 Smartphone, is the first phone using Voice Over Blockchain Protocol (VOPB). Currently, KaratGold allows consumers to trade or purchase gold on more than 500,000 acceptance points worldwide. With all of the recent talk about Bitcoin versus gold, this company provides the best of both worlds.

  1. BISS

Backed by Matrix Partners, ZhenFund and Metropolis VC, BISS is a membership-based crypto exchange like Costco where members can enjoy exclusive offerings. The platform is also the world’s first crypto-to-security exchange where users can seamlessly exchange tokens for securities, minimizing the downside of crypto volatility. These kinds of innovative solutions have gained a lot of attention from mainstream financial investors and institutions. This early success has helped BISS gain 300,000 monthly users in just four months.

  1. LiteLink Technologies Inc.

LiteLink is a publicly traded company developing enterprise platforms and digital wallets that use blockchain to solve problems in the logistics and payment industries. LiteLink’s flagship 1SHIFT logistics platform offers real-time transparency and tracking, which allows brokers, shippers and carriers to track shipments and settle payments without breaking stride. uBUCK Pay is a multicurrency digital wallet with a U.S. dollar–backed stable token built on Waves blockchain that supports traditional fiat and digital currencies.

  1. MetaHash

MetaHash is a self-sustained network for DApps and digital assets with a vision of creating a new internet. MetaHash also offers a set of tools for developers and solutions for enterprises. Its protocol, based on advanced data synchronization, supports over 50,000 transactions per second with three seconds of consensus time, thus solving the industry’s key speed issue. With hundreds of community-operated servers, MetaHash is rapidly nearing its goal of becoming the fastest fully decentralized blockchain.

 Joresa Blount is the founder of GoFlyy, an author and creator of Brown Girls Innovate too which provides tools and connections for women in tech. 

 

Source: 10 Blockchain Companies To Watch In 2019

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Rakuten Taps Chinese Blockchain Firm for $60 Billion Authenticity Market

In 2008, at least 54,000 Chinese babies suffered after ingesting formula that had been contaminated. Demand for safe products has grown year over year, every year, since then. Companies like blockchain-centric Techrock have capitalized on this market by finding unique solutions to the authenticity problem. Techrock uses the blockchain to track every step of a product’s lifecycle and rewards consumers for verifying it through their mobile phones.

Chinese Consumers Increasingly Willing to Pay a Premium for Authentic Imported Food

In China, it is reportedly difficult to get authentic products. Some researchers have found that more than 90% of the food sold in China is faked in one way or another.

For non-food products, this isn’t such a big deal; but there are some markets where it’s life and death – such as baby formula and other food products, which can have deadly side effects. According to Techrock, which spoke to CCN about their recent partnership with Rakuten, the situation has created a market for authentic goods as large as $60 billion per year.

Techrock uses blockchain technology in two aspects of its business. On the one hand, it offers a loyalty program for customers who use the service to purchase authentic products. On the other, it creates a permanent record of a product’s authenticity.

From Supply Chain to Reward Points, Blockchain’s Role

Every product in Techrock’s store has a digital representation on the blockchain. The company has developed a reputation for delivering high-quality, authentic goods, and it’s applying the same process to its Rakuten “zone.”

Their target market is less about authentic shoes or electronics and more about health supplements and other things which people prefer not to risk. The loyalty program helps them retain customers, and using the blockchain for it, the points have no expiration date. A side effect of Techrock’s Tael loyalty program is that it introduces many people to blockchain for the first time.

Techrock recently entered a partnership with Japanese retail giant Rakuten to get authentic Japanese goods to customers. Rakuten has long had an interest in blockchain companies, but it only touches the technology in a tertiary way here.

Rakuten is looking to expand its reach in China, where it is far from the leading retailer. By contrast, Alibaba is the boss in China – but Alibaba’s eBay-style product suffers a lot of knock-off problems that the rest of the Chinese market does.

Growing Year-Over-Year

Built on Hyperledger, Techrock’s labeling technology ensures that products are real. The customer can verify this with an app on their phone, and once they do so, they earn their reward points at the same time. The rewards can be used to purchase more goods in the store, which encourages customers to keep using Techrock.

Techrock’s partnership with Rakuten means that Chinese customers don’t have to worry about fakes, and they have streamlined access to authentic, safe products. Techrock Co-Founder Alexander Busarov told CCN:

“We already sell in over 220 or 230 cities where our consumers are located. It’s all sent by the local dealer companies. We think our business will grow as the demand grows.”

China is reportedly the largest market for both food and firms that verify the safety of food. Consumers have been driven online as they continually lose trust in local vendors. Regulations and other issues make it such that local companies, like Techrock, will ultimately supply the demand.

Techrock’s partnership with Rakuten is notable because they’re the third to secure such a partnership – JD.com being one of the first – and they are built entirely on blockchain.

Source: Rakuten Taps Chinese Blockchain Firm for $60 Billion Authenticity Market

Report: Number of Blockchain and Cryptocurrency Lobbies Tripled in 2018

The number of lobbies working on blockchain technology issues in Washington D.C. tripled in 2018, politics-oriented news outlet Politico reported on March 18. The number of entities lobbying on digital currencies and blockchain reportedly grew almost thrice in the course of the past year, reaching 33 projects in the fourth quarter of 2018 compared to 12 in the same period of 2017. Jerry Brito — executive director at the non-profit organization Coin Center that works with Reps. Warren Davidson (R-Ohio) and Darren Soto (D-Fla.), both known for their cryptocurrency-friendly attitude — reportedly suggested that the growth is driven by securities regulation…….

Source: Report: Number of Blockchain and Cryptocurrency Lobbies Tripled in 2018

SendFriend gets $1.7M for blockchain-based remittance led by MIT, Mastercard

SendFriend, a New York-based blockchain startup specializing in international money transfer to the Philippines, has raised $1.7 million in pre-seed funding from a group led by MIT Media Lab, Mastercard Foundation, Ripple and Barclays. Other investors include Techstars, Mahindra Finance, 2020 Ventures and 8 Decimal Capital. The blockchain-based platform, set to launch service from New Jersey and expand to other U.S. states, will allow customers, mostly overseas Filipino workers, to transfer funds back home for about 65 percent less than what is currently on the market, according to David Lighton, co-founder and CEO………………

Source: SendFriend gets $1.7M for blockchain-based remittance led by MIT, Mastercard

Wyoming ‘financial technology sandbox’ bill seeks to boost blockchain and fintech innovation – TokenPost

A bill has been introduced in Wyoming’s state legislature to establish financial technology sandbox in order to boost innovation in this space. Introduced last week, the “Financial Technology Sandbox Act” seeks to create a financial technology sandbox for the testing of financial products and services in the state of Wyoming.

Source: Wyoming ‘financial technology sandbox’ bill seeks to boost blockchain and fintech innovation – TokenPost

Who Ultimately Regulates Blockchain and Cryptocurrencies Does Matter – Ike Brannon

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While no one can be certain how the market will shake out, it does appear that blockchain technology–and the myriad cryptocurrencies that have developed concomitantly–are likely to endure. Their advent has the potential of reducing the cost of undertaking various financial transactions, which would be a boon for investors as well as the U.S. economy, as its financial markets would become more competitive against overseas competitors……….

Read more: https://www.forbes.com/sites/ikebrannon/2018/11/13/who-ultimately-regulates-blockchain-and-cryptocurrencies-does-matter/#30b5630f3901

 

 

 

 

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