Start-ups are heading towards Blockchain technology
Start-ups are moving towards blockchain technology
The first application of blockchain technology to gain worldwide attention is Bitcoin, the first digital currency. Blockchain creates a decentralized ledger that runs on the smart contract network. Blockchain is able to provide high security using the concept of public and private keys for authentication. This concludes that blockchain technology can be used in any industry where value is traded. This technology has many more applications than just cryptocurrencies.
Below are the lists of start-ups that will bring the change in the future –
It is an Estonian company. With smart contracts being the giant component of cryptocurrency and blockchain operations, Agrello hopes to revolutionize them
It aims to combine legal documentation with artificial intelligence to bring smart contracts to the general public without full blockchain experience. Agrello’s creates an interface that allows users to easily create their own legally binding smart contracts on the Ethereum network. For this, they do not need to have extensive programming experience or legal knowledge.
Elastos started in 2000. It focuses on developing an internet operating system that re-decentralizes the internet with blockchain. It produces a new secure operating system (Dapps) that runs peer-to-peer without centralized control. It will aim to make digital assets rare, recognizable and tradable.
Everex plans to offer the possibility of using 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 to cryptocurrency through the Everex platform. This cryptocurrency token will have a value equal to the specified fiat currency.
Puregold established in 2010 is fast becoming the first payment gateway using cryptocurrency supported by gold. The name of the gateway called “PG_PAY”. This includes different payment terminals, Gold ATMs and mobile money transactions with high security. Puregold’s team used Ethereum blockchain technology and successfully created a gold-backed crypto currency e-commerce business network
Many blockchain applications are emerging to make things more organized and secure.
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