by Allan Fort, who runs appllo.club.
Blockchain is the biggest trend in the startup world today. Its versatility has made it a popular application in any field such as financial services, in the adoption of the Internet of Things, and in crypto games. It is for this reason that many startup companies are taking advantage of blockchain in various areas of their business. In this article, we shall get to know the different startup companies that could be a force in the blockchain space in 2019.
Smart Contract is likely to be one of the top movers in the blockchain space. It is being considered as the future of digital payments and services. It is now being used by leading banks and payment gateways such as HSBC, Chase, MasterCard, and PayPal. One benefit of using smart contracts is that eliminates the need for a middleman which makes it much cheaper.
Filament offers businesses a solution for communicating with each other and for better control. It has the capability to transform an ordinary industrial machine into a smart device by transmitting messages about its performance and activities. To achieve this goal, it uses a proprietary USB device that can be connected into any industrial machine. It features a companion Blocklet software that interfaces with the Blocklet device. In the future, it will introduce a microchip that promises more efficiency than the current USB.
Coin List started out as an initial coin offering (ICO). ICOs work like an IPO in that they raise funds from potential investors. However, the difference between the two is that ICO takes place during product development. Coin List has generated more than $800 million in token sales for a wide range of startups. With its Trust Token platform, Coin List is aiming to being offline transactions online. With the platform, values can be assigned to offline assets such as real estate, industrial machines, books, or any other item that can be sold. Like Smart Contracts, it is looking to start a block chain revolution in the financial space.
Ripple Net is involved in making real time cross border payments. Most of its clients are banks and other financial institutions. The aim of Ripple Net is to make payment processes clear and to ensure real time payments.
Simplicity is the name of the game for Chain as evidenced by its name and website domain. This blockchain is best applied in mobile wallets, cryptocurrency apps, or ride sharing apps. Chain manages a wide range of ledgers for applications. The technology is designed for application developers by letting them design apps without scaling and maintaining their ledgers. Chain is designed to maintain a systematic recording of important information such as currency balance for users of the app. Expect Chain to become a major player in the block chain sector in the future.
Blockchain aims to revolutionize the way people use applications. It is looking to eliminate the use of third party servers, platforms, or API by coming up with a method of storing all information about a certain application in a decentralized way. Block stack eliminates the need to use logins by implementing a trust-based system for verifying users. This startup offers a decentralized application and is more resilient against downtimes and attacks. Block stack offers peace a mind when it comes to data privacy as it is not owned by a third party.
Xage takes the decentralized nature of blockchain into securing industrial machines. One of the many benefits of Xage is that it offers more control and visibility by enhancing security policies. With Xage, you can control devices, users, and applications. It is looking to usher in the Internet of Things without having to worry about security.