3 Innovative Blockchain Startups To Look Out For
The advent of blockchain has brought hundreds of startups on the ground of global network with the aim of solving global, financial, governance and economic problems using this technology. Here are three unique companies which have the potential to overcome the issues associated with the current system using blockchain technology. Let’s have a look at the three unique blockchain startups.
T ZERO: Overstocking the Stock Market
T ZERO is a startup that commenced with a plan to propel the present securities exchange process by incorporating blockchain innovation to influence the transaction in a cost-effective way, increase transparency, and reduce settlement time with efficiency and easy audibility.
T ZERO is concentrating on the advancement and commercialization of Fintech-construct innovations based on cryptographically secured and decentralized records. Since its beginning in October 2014, T ZERO has created numerous blockchain based platforms. It has partnered with a specialist merchant named Keystone Capital Corporation situated in California to make open issuance of blockchain values.
The opaque business practices of Wall Street have opened up market opportunities for a clear and trustworthy trading platform where consumers know what they’re buying and the costs involved. The SEC declared parent company Overstock.com’s S-3 filing effective, giving Overstock.com the ability to issue blockchain shares in a public offering.
It additionally joined forces with the Industrial and Commercial Bank of China (ICBC), the world’s biggest bank, to test the stage. Byrne accomplishes this through Medici, which is Overstock.com’s claimed budgetary innovation backup. Medici concentrates on applying blockchain innovation to solve huge money related exchange issues. Its first activity is to tie up securities settlements.
Bitfury’s Digital Assets
The Bitfury Group started out as a Bitcoin mining company, but it has transitioned into a full-service blockchain technology company. Bitfury develops software and creates hardware solutions for businesses and governments to move assets across blockchain. Bitfury is dedicated to the improvement of Bitcoin’s blockchain ecosystem. Its technology helps in the efficient management of digital assets. It provides added security to private and public blockchain transactions using hardware and software solutions. It also helps clients with blockchain analytics.
Bitfury utilizes the immutable and the public accessible history of Bitcoin transactions and conducts advanced data analytics for their histories. Governments have used this type of work to track criminal activities across the Bitcoin blockchain. Bitfury is also involved in the development of the Lightning Network. Lightning is an overlay network to Bitcoin’s blockchain which enables instantaneous microtransactions.
They are also working on a property rights registry. The Republic of Georgia has partnered with Bitfury to register land titles. The record of ownership is recorded in a blockchain to secure the history in an unalterable manner. The safe transfer of property would be economically beneficial in the developing world.
Code Valley: Find Your Coder
Code Valley uses the traditional model for developing code and turns it on its head. It describes itself as a “World Compiler.” Code Valley provides developers with a marketplace tool to build software in collaboration with other developers via what they call “agents.”
Each agent within the system returns a fragment of code for the client’s project. Code Valley also creates an open marketplace for entrepreneurs. In Code Valley, clients have access to a global network of developers who are willing and able to build software for them. Code Valley works similar to how online freelancer websites like the ‘Upwork’ works.
Developers in this system can bid on opportunities to build software for the clients. The clients must, in turn, carefully select who can work on their projects. Code Valley also works a bit similar to data access object (DAO), which when a new project is created, triggers the formation of a hidden and hive-like software compiler. The client’s application is built collaboratively with the compiler by many different agents. Code Valley is an industrializing software creation with the blockchain technology.
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