Connect with us

Blockchain News

30 Reasons Why More Businesses Are Moving To Blockchain

Published

on

The concept of Bitcoin was introduced in 2009 and at that time the concept of using a crypto currency became debated and discussed among market regulators, traders and central bankers who were looking for a transparent way to conduct financial transactions that would be secure and low cost. Initially market regulators and central banks were not in favor of using such a currency since it was not backed by any financial asset or by any government. On the other hand it worked purely as encryption algorithms that signified that transaction of funds. Blockchain supported Bitcoins and maintained public ledgers across computer networks without involving any intermediaries or central authorities.
1. A legitimate currency
Most businesses that have seen how Bitcoin came along have seen how it moved from the form of an unregulated crypto currency to being legitimized with Blockchain technology. It’s a messaging protocol that works in a distributed way to maintain a shared ledger between parties who transact in this currency.
2. Growing acceptance
Even though many countries and governments are yet to give such a currency a legitimate status, being an unregulated but a reliable mode of transaction in the digital world, many merchants have found benefits by conducting transactions in Bitcoins. There are several uses and features of this crypto currency that prove it beneficial for commercial transactions.

3. Diverse industrial usage

Any commercial transaction, whether it is for brokerage, insurance, real estate, leasing and others, require the maintenance of ledgers which helps to create an audit trail of transactions that have taken place as well as help to showcase the life cycle of the different assets.

4. Irreversible transaction records

This is one of the main benefits that make Bitcoin transactions via Blockchain quite viable for commercial transactions. Every transaction is saved as a digital block where information about the transaction parties is saved in encrypted form. Such blocks are distributed among a computer network and cannot be altered or counterfeited.

5. Corporate applicability
The encrypted record formation and storage of transacting data via Blockchain makes it a dependable mode of transaction that corporate clients can use. This technology also has benefits to offer to the retail businesses.

6. Save on costs
If Blockchain technology is used, it can help to save on IT infrastructure expenses. This is considerable, especially for financial institutions that spend a considerable amount on such expenses which can be replaced by the Blockchain technology.

7. No counterfeits
This is a challenge that often comes in digital transactions, but the encryption method of Bitcoin has stood the test of time in this category.

8. Cut through clutter
Most organizations have different ways to maintain records and need approvals of multi tiers. All such steps can be avoided and one can cut through the clutter when the Blockchain method of transaction records is initiated for commercial and other business transactions.

9. Ownership verification simplified
Often a personal financial account details and information come through in commercial or business transactions that are not required. With Bitcoin technology only public and private key addresses are shared between two or more parties and not personal or private information.

10. Competent technology
Financial institutions that have implemented Bitcoin or Blockchain transactions have been able to cut down on the costs of IT infrastructure substantially. As encryption and safety or security of financial transactions is paramount, this technology can be the answer to provide all such aspects with fewer costs.

11. Removal of intermediaries
This is another aspect that Bitcoin transactions offer as an advantage. Blockchain technology saves transaction records without the need of involving intermediary parties.

12. Transaction costs reduced
With Bitcoin technology transaction costs are reduced as intermediary levels are removed.

13. Less transaction time
As speed is a requirement in modern commercial transactions, Bitcoin transactions are much faster as compared to traditional bank payments or transfers.

14. Security of transactions
This is the main essence and the advantage that this crypto currency offers over the others. Transactions are secure and party information is not revealed between the parties that are private or confidential.

15. Encrypted transaction records
Every transaction that happens between Bitcoin owners is encrypted and secure.

16. Anonymity of parties
This helps ensure that online and digital transactions can be conducted in a safe and impersonal manner.

17. Bring in transparency
As Blockchain records are irreversible, these ensure that every transaction record is maintained in a dependable manner.

18. Ease of replacement
With a crypto-currency or similar technology used for commercial transactions, it will help to reduce clutter and cumbersome processes. In turn, it will remove intermediaries and reduce costs as well as time for transactions.

19. Freedom from paper currency
Many businesses often have transactions held up due to delay in payments coming in and so forth. With crypto currency such hurdles are not present.

20. Moving payments between countries
International transactions are smoother and with less transaction fees involved if the Blockchain and crypto-currency is used by businesses.

21. A way to store records
Blockchain technology not only relates to storing financial services, but can pose to be a way of recording non-financial business transactions as well.

22. Variable fees
Not only are transaction fees less in Bitcoin based transactions, but depending on the quickness of transfers the fees are charged by the Bitcoin exchanges.

23. A great payment option
As businesses find different payment options to offer to customers, accepting crypto-currency is a great way to woo new customers to one’s business.

24. Applicability among different segments
It is equally applicable for different business segments such as B2C or B2B.

25. Faster business transactions

Businesses can look forward to faster transactions when they use crypto-currency as mode of payment.

26. Easy peer to peer payments
The Blockchain ledger method makes it easy for peer to peer payments to go through.

27. Being ahead of the technology curve
Crypto currency is the future and businesses that embrace such technology would remain ahead in the innovation game.

28. A valued asset
As Bitcoin has gained considerable value as a digital asset it can be beneficial when used as a payment option in businesses.

29. Security for businesses
The safety and security of the Bitcoin and Blockchain technology makes it a safe option for business transactions.
30. Audit trails
As Blockchain technology offers records of all transactions, the audit trails are easily maintained of business operations.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Blockchain News

Top 50 blockchain and cryptocurrency based projects recently created

Published

on

By

credit: Shutterstock/Julia Tim

1. BitPesa
Total equity funding: $5.75m (BitFury Capital, Blockchain Capital, Colle Capital Partners, Digital Currency Group, Draper Associates, Future Perfect Ventures, Greycroft Partners, Pantera Capital, Stephens Investment Management). BitPesa is enabling businesses to send payments and get paid in different currencies between Africa and the rest of the world using blockchain. They have already covered over 85 countries, 6,000 users and 17,000 transactions.

Website: https://www.bitpesa.co/
Facebook: https://www.facebook.com/bitpesaltd
Twitter: https://twitter.com/bitpesa

2. Provenance
Total equity funding: $65.48k (Wayra, 2013)
Grant: $200.61k (Technology Strategy Board, 2014)
Provenance provides a transparency solution for producers, brands, retailers, and shoppers. The startup allows tracking products and materials on a blockchain, which helps to bring trust in goods and supply chain.

Website: https://www.provenance.org/
Facebook: https://www.facebook.com/ProjectProvenance
LinkedIn: https://www.linkedin.com/company/3105623/
Instagram: https://www.instagram.com/provenanceHQ/

3. Storj

Total equity funding: $4.8m (BnkToTheFuture, GVA Capital, Iterative Instinct, Qualcomm Ventures, Tank Stream Ventures, TechSquare Labs, Techstars)
Storj is an encrypted cloud storage, claiming to have high availability, distributed infrastructure and incredible performance due to the P2P technology. The software is free and open source.

Website: https://storj.io/
Twitter: https://twitter.com/storjproject
Github: https://github.com/Storj/
Reddit: https://www.reddit.com/r/storj/
Facebook: https://www.facebook.com/storjproject
Medium: https://medium.com/@storjproject
Angel List: https://angel.co/storj

4. Cambridge Blockchain

Total equity funding: $2m (Digital Currency Group, Hub Angels Investment Group, LaunchPad Venture Group, Partech Ventures, River Valley Investors)
Cambridge Blockchain is a startup offering simplification of identity compliance using blockchain. Their solution brings stronger compliance, lower costs and improved customer experience.

Facebook: https://www.facebook.com/cambridgeblockchain/
LinkedIn: https://www.linkedin.com/company/10121941/
Twitter: https://twitter.com/C_Blockchain
Website: https://www.cambridge-blockchain.com/

5. Hijro
Total equity funding: $2.5m (500 Startup, ArchAngels, Crosscut Ventures, Digital Currency Group, Draper Associates, Fenbushi Capital, ff Venture Capital, KSTC, Lindbergh Tech Fund, SixThirty, Startupbootcamp, Startupbootcamp Fintech New York, Thomson Reuters, UMB Banks)
Hijro is a network for business capital optimization with the help of powerful blockchain apps. It offers a marketplace for trading assets and is powered by blockchain.

Website: https://hijro.com/
Blog: https://medium.com/@hijro
Twitter: https://twitter.com/hijro
LinkedIn: https://www.linkedin.com/company/9442066/
Facebook: https://www.facebook.com/HijroNetwork/


6. OpenBazaar

Total equity funding: $4.2m (Andreessen Horowitz, BlueYard Capital, Digital Currency Group, Union Square Ventures, William Mougayar)
OpenBazaar is an online eCommerce platform connecting buyers and sellers via a P2P network. The marketplace supports over 50+ cryptocurrencies.

Website: https://www.openbazaar.org/
Twitter: https://twitter.com/openbazaar
Slack: http://slack.openbazaar.org/
Reddit: https://www.reddit.com/r/OpenBazaar/
Github: https://github.com/openbazaar

7. Blockstack

Total equity funding: $5.45m (Compound, Digital Currency Group, Dorm Room Fund, Kal Vepuri, Lux Capital, Marc Bell Ventures, Naval Ravikant, Rising Tide, Shana Fisher, SV Angel, Union Square Ventures, Version One Ventures, Y Combinator)
Blockstack claims to make a new Internet with decentralized apps, where users get digital keys for secure logging, encrypted storage system and ecosystem for P2P payments in Bitcoin and other cryptocurrencies.

Website: https://blockstack.org/
Github: https://github.com/blockstack
Twitter: https://twitter.com/blockstack

8. Chronicled

Total equity funding: $4.83m (Colbeck Capital, Iterative Instinct, Mandra Capital, Pantera Capital, Seattle Seahawks, Social Starts, Solon Mack Capital, Vinny Lingham)
Chronicled offer encrypted identities for physical things, business processes automation using smart contracts, secure data provenance, and more. Identity Chip, CryptoSeal and Temperature Logger are one of the products powered by the startup.

Website: https://chronicled.com/

9. Hashed Health

Total equity funding: $1.8m (Fenbushi Capital, Martin Ventures)
Hashed Health is a consortium of companies that implement distributed ledger technologies to improve healthcare industry. The startup offers development, technical, and regulatory services, as well as educational work groups for members.

Website: https://hashedhealth.com/
LinkedIn: https://www.linkedin.com/company/15192769/
Twitter: https://twitter.com/HashedHealth
Instagram: https://www.instagram.com/hashedhealth/

10. Slock.it

Total equity funding: $2m (undisclosed)
Slock.it present the Universal Sharing Network allowing to locate and rent various assets, like a flat or a car. The solution is based on the idea of smart contracts and full automation of services.

Website: https://slock.it/
Github: https://github.com/slockit/
Twitter: https://twitter.com/slockitproject
Facebook: https://www.facebook.com/slockitproject
Google Plus: https://plus.google.com/+SlockItproject

11. Backfeed

Total equity funding: undisclosed
Backfeed provides a solution for communication and cooperation between decentralized organisations. Its infrastructure combines tool for crowdsourcing, equity sharing, managing value etc.

Website: http://backfeed.cc/
Github: https://github.com/backfeed
Facebook: https://www.facebook.com/backfeed.cc
LinkedIn: https://www.linkedin.com/company/9465053/
Twitter: https://twitter.com/backfeed_cc

12. AlphaPoint

Total equity funding: $2.25m (Ben Franklin Technology Partners of Southeastern Pennsylvania, Blockchain Capital, Robin Hood Ventures, Scott Becker, Social Starts)
AlphaPoint is a FinTech startup powering digital asset networks for various firms and institutions. Literally, they assist companies in implementing blockchain to their businesses.

Website: https://alphapoint.com/
LinkedIn: https://www.linkedin.com/company-beta/3098980/
Twitter: https://twitter.com/AlphaPointLive
Facebook: https://www.facebook.com/AlphaPointLive

13. Blockcypher

Total equity funding: $3.5m (500 Startup, AME Cloud Ventures, Blockchain Capital, Boost VC, Cherry Tree Investments, Cyril Moutran, Evan Cheng, Fenox Venture Capital, Foundation Capital, Granite Ventures, Jesse Draper, Michael Liou, New Enterprise Associates, QueensBridge Venture Partners, Sanjiva Weerawarana, Stephane Philipakis, Streamlined Ventures, TriplePoint Capital, Upside Partnership, Voylet Capital)
BlockCypher is a company helping to build blockchain apps by providing data centers, APIs, cloud infrastructure, data stores, hosted blockchain nodes and 24/7 support.

Twitter: https://twitter.com/blockcypher
Facebook: https://www.facebook.com/blockcypher
Website: https://www.blockcypher.com/
Github: https://github.com/blockcypher
Blog: https://blog.blockcypher.com/

14. Blockstream

Total equity funding: $76m (Acecap, AME Cloud Ventures, AngelList, AXA Strategic Ventures, Blockchain Capital, Daniel Curran, Danny Hillis, Data Collective, Digital Garage, Embrase, Flight Ventures, Horizons Ventures, Innovation Endeavors, Khosla Ventures, Mosaic Ventures, Real Ventures, Reid Hoffman, Ribbit Capital, SK Ventures)
Blockstream offers various software and hardware solutions, as well as consulting services to companies that are trying to implement blockchain technology or developing new distributed networks.

Twitter: https://twitter.com/blockstream
Website: https://www.blockstream.com/
LinkedIn: https://www.linkedin.com/company/3998145/
Facebook: https://www.facebook.com/Blockstream/
Github: https://github.com/blockstream

15. Bloq
Total equity funding: undisclosed
Bloq provides tools and services for creating blockchains, as well as consulting and research in the blockchain industry. Bloq helps companies to move to a “blockchain level”.

Website: http://bloq.com/
Twitter: https://twitter.com/bloqinc
Facebook: https://www.facebook.com/bloqinc/
LinkedIn: https://www.linkedin.com/company/10298570/
Github: https://github.com/bloq
Medium: https://medium.com/@Bloq

16. Chain
Total equity funding: $43.7m (500 Startup, Betaworks, Blockchain Capital, BoxGroup, Capital One Growth Ventures, Citi Ventures, Digital Currency Group, Draft Ventures, Fiserv, Homebrew, Kevin Ryan, Khosla Ventures, NASDAQ, Orange, Orange Digital Ventures, Pantera Capital, RRE Ventures, Scott Banister, Semil Shah, Thrive Capital, Visa)
Chain.com is aiming to digitize the world’s assets and enable a smarter financial system. They help financial institutions to deploy and maintain blockchain networks.

Website: https://chain.com/
Slack: http://slack.chain.com/
Blog: https://blog.chain.com/
Github: https://github.com/chain
Twitter: https://twitter.com/chain
LinkedIn: https://www.linkedin.com/company-beta/6639668/

17. Monax
Total equity funding: undisclosed amount (Anthemis Group, Partech Ventures)
Monax is a platform for creating and running blockchain applications for businesses. It offers smart contract management tools, application engine, software development kits, etc.

Website: https://monax.io/
Github: https://github.com/monax
Facebook: https://www.facebook.com/monaxHQ
Twitter: https://twitter.com/monaxHQ

18. Epiphyte
Total equity funding: $20.35k (Force Over Mass, Startupbootcamp, Startupbootcamp FinTech London, Theo Osborne)
Epiphyte offers a settlement system allowing financial institutions to take advantage of the blockchain technology. Its main solution is a blockchain-powered SaaS for financial traders.

Website: http://epiphyte.com/

19. IPFS
Total equity funding: undisclosed amount (Funders Club)
IPFS is a P2P protocol aiming to replace HTTP and create a faster distributed web. It allows processing large amounts of data with higher performance. The startup believes its product will be useful for service providers, researchers, blockchains, content creators, people from developing countries etc.

Website: https://ipfs.io/
Twitter: https://twitter.com/ipfsbot
Google Plus: https://plus.google.com/+IPFS-dweb
Youtube: https://www.youtube.com/channel/UCdjsUXJ3QawK4O5L1kqqsew

20. Golem Network

Equity crowdfunding: $8.6m
Golem is a supercomputer based on the synergy of all machines. By using Golem, people can rent or rent our computing power, as well as develop and sell software in a decentralized and inexpensive way.

Website: https://golem.network/
Blog: https://blog.golemproject.net/
Twitter: https://twitter.com/golemproject
Reddit: https://www.reddit.com/r/GolemProject/
Facebook: https://www.facebook.com/golemproject/

21. ABRA

Total equity funding: $14m (American Express Ventures, Arbor Ventures, Blockchain Capital, Carthona Capital, Digital Currency Group, First Round, Futures Perfect Ventures, IGNIA, Jungle Ventures, Lerer Hippeau Ventures, Nurzhas Makishev, Pantera Capital, Ratan Tata, RRE Ventures, Silicon Badia)
Abra is a promising digital wallet app for instant and secure money transfers. It is built on P2P technology, which means that transfers are made without middlemen. Currently, supports over 50 currencies and Bitcoin.

Facebook: https://www.facebook.com/GoAbraGlobal
Website: https://www.abra.com/
Twitter: https://twitter.com/AbraGlobal
LinkedIn: https://www.linkedin.com/company/205659/
Reddit: https://www.reddit.com/user/AbraGlobal/

22. Billon
Total equity funding: $2m (undisclosed)
Billon is an app that allows to buy and sell content and products, receive salary, or accept donations. It also supports merchant services and payout solutions for businesses. Literally, Billion changes technology behind money and finance.

Website: https://billongroup.com/en/
Facebook: https://www.facebook.com/billonforgamers/
LinkedIn: https://www.linkedin.com/company/10239645/
Twitter: https://twitter.com/BillonGroup

23. Bitmark

Total equity funding: $1.7m (Cherubic Ventures, Digital Currency Group, WI Harper Group)
Bitmark is aiming to create an environment through building a chain of property rights and provenance for digital assets, such as personal data, digital music and art, digital trust etc.

Website: http://www.bitmark.io/
Twitter: https://twitter.com/BitmarkUpdates
Github: https://github.com/project-bitmark/
Slack: https://bitmark.herokuapp.com/

24. Colony

Total equity funding: undisclosed
Colony is a social network service helping people to create companies online. The network is using P2P technology for collaborations and services.

Website: https://colony.io/
Twitter: https://twitter.com/joincolony
Slack: http://slack.colony.io/
Reddit: https://www.reddit.com/r/joincolony/
Blog: https://blog.colony.io/

25. Factom 26. Identitii

Total equity funding: undisclosed
Identitii is about sharing information securely. It is mainly aimed at financial institutions that need their payment transactions enriched with data. Products and solutions of Identitii can be used in financial crime compliance, transaction documentation, invoicing etc.

Website: https://identitii.com/
Twitter: https://twitter.com/identitii
Crunchbase: https://www.crunchbase.com/organization/identitii

27. Neuroware

Total equity funding: $100k (500 Startup)
Neuroware is a company helping other firms and institutions to adopt technologies, including P2P systems. It offers various services, from education and consulting to direct blockchain implementation.

Website: http://neuroware.io/

28. R3 CEV

Total equity funding: $107m (Banco Bradesco, Bank of America Merrill Lynch, Barclays PLC, HSBC, ING Group, Intel, Itau Unibanco, Natixis, SBI Group, Temasek Holdigs, UBS, Wells Fargo & Company)
R3 is a consortium of the world’s biggest financial organizations somehow related to Corda, a distributed ledger like blockchain. Corda is meeting the needs of the banking field, as well as the needs of commercial businesses.

Website: https://www.r3.com/
Vimeo: https://vimeo.com/r3video
Twitter: https://twitter.com/inside_r3
LinkedIn: https://www.linkedin.com/company/5388972/
Facebook: https://www.facebook.com/R3DLT/
Instagram: https://www.instagram.com/inside_r3/

29. Ubitquity

Total equity funding: undisclosed
Ubitquity is a company connecting blockchain technology with the real estate industry. It allows to record and track property rights within a SaaS decentralized platform.

Website: https://www.ubitquity.io/web/index.html

30. Everledger

Total equity funding: $118k (Chris Adelsbach, Techstars)
EverLedger is about combining the best features of cutting-edge technologies, like smart contracts, machine vision and blockchain. This startup is aiming to secure tracking and operation of digital assets for banks, marketplaces and insurance companies.

Website: https://www.everledger.io/

31. AgriLedger

Total equity funding: undisclosed
AgriLedger is a blockchain company in the agriculture industry. It is aiming to build trust for disadvantaged small farmers using mobile applications and distributed ledger.

Website: http://agriledger.com/
LinkedIn: https://www.linkedin.com/company/18156352/
Facebook: https://www.facebook.com/AgriUnity/
Twitter: https://twitter.com/AgriUnity
Google Plus: https://plus.google.com/+AgUnity

32. Clearmatics

Total equity funding: $1.26m (Nyca Partners, Route 66 Ventures)
Clearmatics is a company that helps to automate business processes using distributed ledger technology and automated logic. Distributed Virtual Machine and financial market apps are among their solutions.

Website: http://www.clearmatics.com/
Twitter: https://twitter.com/clearmatics
LinkedIn: https://www.linkedin.com/company/9312546/

33. Elliptic

Total equity funding: $7m (Digital Currency Group, John Power, KRW Schindler Private Ventures, Octopus Ventures, Paladin Capital Group, Santander InnoVentures, Seedcamp)
Elliptic team is able to determine illicit activity on the blockchain. They envision their clients as the law enforcement agencies and top bitcoin companies.

Website: https://www.elliptic.co/
Twitter: https://twitter.com/elliptic
LinkedIn: https://www.linkedin.com/company/5027267/

34. Helperbit

Total equity funding: undisclosed amount (Coinsilium Group)
Helperbit is aiming to build a fair and transparent donation system. Using blockchain technology, users of Helperbit can track their donations and report how donations are used.

Website: https://www.helperbit.com/#whysignup
Facebook: https://www.facebook.com/helperbit
Twitter: https://twitter.com/Helperbit
Youtube: https://www.youtube.com/channel/UC8mptsFc1ai3xwRx74w22Bw

35. Maidsafe

Total equity funding: $7.58m (BnkToTheFuture)
MaidSafe is about creating a crowdsourced Internet, where users can build safe websites, share public data and store private data securely. The company also offers solutions and tools for creating apps based on this network.

Website: https://maidsafe.net/
Slack: https://safenetforum.org/
Reddit: https://www.reddit.com/r/maidsafe/
Twitter: https://twitter.com/maidsafe

36. SettleMint

Total equity funding: undisclosed
Settlemint is a company helping other organizations and businesses find the right solutions in adapting blockchain. They cover such services as KYC, provenance tracking, registration, marketplaces, digital voting, audit etc.

Website: https://settlemint.com/
LinkedIn: https://www.linkedin.com/company/10816829/
Twitter: https://twitter.com/SettleMintCOM
Facebook: https://www.facebook.com/settlemint

37. Vanbex

Total equity funding: $365.47k (Adrian Jonklaas, Boris Mann)
Vanbex has been working with blockchain companies since 2013 so far. They help businesses to achieve goals using blockchain technology through building strategy, creating ICO, planning marketing & communications etc.

Twitter: https://twitter.com/vanbexgroup
LinkedIn: https://www.linkedin.com/company/3780798/
Website: https://www.vanbex.com/
Facebook: https://www.facebook.com/vanbexgroup

38. Waves Platform

Total equity funding: $16m (undisclosed)
Waves Platform is a platform that helps to launch and distribute custom crypto tokens. They also provide tools and services for building decentralized exchanges and smart contracts.

Facebook: https://www.facebook.com/wavesplatform
Twitter: https://twitter.com/wavesplatform
Blog: https://blog.wavesplatform.com/
Reddit: https://www.reddit.com/r/Wavesplatform/
Youtube: https://www.youtube.com/channel/UCYDQN4Fo4rGnOZ22L5plNIw
Website: https://wavesplatform.com/

39. New Banking

Total equity funding: undisclosed
NewBanking provides blockchain solutions for AML, KYC, data privacy and other legal compliance issues. They help to improve customer authentication procedures and transaction monitoring.

Website: https://www.newbanking.com/

40. Gem

Total equity funding: $12.5m (Amplify.LA, Baroda Ventures, Birchmere Labs, Birchmere Ventures, Blockchain Capital, BTCS, Compound, Danmar Capital, Digital Currency Group, Dummond Road Capital, ECEG, Fenbushi Capital, First Round, Idealab, James Joaquin, KEC Ventures, Mesa Ventures, Pelion Venture Partners, Robert Wilson, RRE Ventures, Tekton Ventures, Tiller Partners, Wavemaker Partners)
Gem is a company that wants to solve old problems in a new way using blockchains. Their solutions are mainly built for healthcare and supply chain clients.

Blog: https://blog.gem.co/
Website: https://gem.co/

41. BitGo

Total equity funding: $12m (A-grade Investments, Bill Lee, BitFury Capital, Blockchain Capital, Bridgescale Partners, Digital Currency Group, Eric Hahn, Founders Fund, Jeffrey S. Skoll, Liberty City Ventures, Radar Partners, Redpoint)
BitGo is a company offering one of the top Bitcoin wallets (multi-sig, multi-user, individual and enterprise-grade) in the industry. Their services also include private blockchain building and solutions for Bitcoin eCommerce.

Website: https://www.bitgo.com/
Twitter: https://twitter.com/BitGo
Github: https://github.com/bitgo
Facebook: https://www.facebook.com/bitgoinc/
Blog: https://blog.bitgo.com/

42. Augur

Equity crowdfunding: $5.3m
Augur is a website for predicting markets and forecasting events, built on top of the Ethereum blockchain. Users of this decentralized prediction platform get rewarded for correct forecasting of the real events.

Website: https://augur.net/
Facebook: https://www.facebook.com/augurproject
Twitter: https://twitter.com/AugurProject
Reddit: https://www.reddit.com/r/Augur/
Github: https://github.com/AugurProject
Youtube: https://www.youtube.com/channel/UCnQRWIWIT8ExlegLTajjhiQ

43. BitFury Group

Total equity funding: $90m (Bill Tai, Binary Financial, Blockchain Capital, Bob Dykes, Credit China FinTech Holdings, DRW Venture Capital, Georgian Co-Investment Fund, iTech Capital, Jonathan Teo, Lars Rasmussen, QueensBridge Venture Partners, ZAD Investments)
BitFury is one of the leading tech companies in the Bitcoin industry offering hardware and software solutions, including ASIC chips, PCB, servers, Lighting network, Chain Hub etc.
Website: http://bitfury.com/
Twitter: https://twitter.com/BitFuryGroup
Facebook: https://www.facebook.com/BitFury
LinkedIn: https://www.linkedin.com/company/5178019/

44. Lykke AG

Total equity funding: $4.86m (undisclosed)
Lykke is an online marketplace for trading cryptocurrency, FX and digital assets, based on blockchain. LykkeWallet for iOS and Android is a part of the trading ecosystem.
Website: https://www.lykke.com/
Twitter: https://twitter.com/lykke
Instagram: https://www.lykke.com/
Youtube: https://www.youtube.com/c/LykkeX
Facebook: https://www.facebook.com/LykkeCity
LinkedIn: https://www.linkedin.com/company/10335535/

45. Electron

Total equity funding: $500k (undisclosed)
Electron is aiming to lower energy costs by integrating blockchain technologies. Their current solutions include a Meter Registration Platform, Flexibility Trading Platform, Smart Meter Data Privacy etc.
Website: http://www.electron.org.uk/
Google Plus: https://plus.google.com/u/0/108370745299194400550
Twitter: http://www.electron.org.uk/
LinkedIn: https://www.linkedin.com/company/7945922/
Facebook: https://www.facebook.com/Electron-1050643575033677/

46. SETL

Total equity funding: $39m (Deloitte)
SETL is an on-blockchain infrastructure for direct payments and settlements in various assets and multiple currencies. Their system has a perissioned distributed ledger for transaction and ownership records.

Website: https://setl.io/
Facebook: https://www.facebook.com/SETL-421306434724883/
Google Plus: https://plus.google.com/u/0/104594641040874304721/posts
LinkedIn: https://www.linkedin.com/company/10068383/

47. Cashaa

Total equity funding: $200k (undisclosed)
Cashaa is a blockchain-powered marketplace for transferring cash-to-bank and bank-to-bank. Literally, the platform connects individuals who are willing to send/receive money with cryptocurrency traders.

Facebook: https://www.facebook.com/cashaaLtd/
Twitter: https://twitter.com/CashaaLTD
Linkedin: https://www.linkedin.com/company/10835952/
Youtube: https://www.youtube.com/channel/UCwRJjX6dNz49j3Pc0ROZJbg

48. Purse

Total equity funding: $1.3m (Bobby Lee, Bobby Lee Lackey, Charlie Lee, Digital Currency Group, Flight Ventures, FundersClub, Plug and Play, Roger Ver, Strong Ventures, TA Ventures, Terrence Yang, Yang Ventures)
Purse is an online marketplace claiming to have the lowest online prices on goods sold, naturally, in Bitcoin. Purse also encourages merchants to sell goods for Bitcoin and take advantage of zero chargebacks and low fees.

Website: https://purse.io/shop
Blog: https://blog.purse.io/
Reddit: https://www.reddit.com/r/PurseIO/
Twitter: https://twitter.com/purseIO/

49. Blockchain.com

Total equity funding: $70m (Amit Jhawar, Digital Currency Group, Future Perfect Ventures, GV, Lakestar, Lightspeed Venture Partners, Mosaic Ventures, Nat Brown, Nokota Management, Prudence Holdings, Rafael Corrales, Richard Branson, Virgin Group, Wicklow Capital)
Blockchain is a platform that provides Bitcoin solutions for individuals and businesses, among them Bitcoin wallet, APIs, block explorer, search engine etc. Currently, it is one of the most used Bitcoin services in the industry.

Website: https://www.blockchain.com/
Facebook: https://www.facebook.com/blockchain/
Blockchain: https://www.linkedin.com/company/3605159/
Twitter: https://twitter.com/blockchain

50. BigchainDB

Total equity funding: $5.37m (Anthemis Group, Digital Currency Group, Earlybird Venture Capital, innogy SE, RWE Ventures)
BigchainDB offers a scalable database with blockchain characteristics. The service is aimed at developers and businesses that want to deploy proof-of concepts, platforms and apps on blockchain.

Facebook: https://www.facebook.com/BigchainDB/
Twitter: https://twitter.com/BigchainDB
Github: https://github.com/bigchaindb
Gitter: https://gitter.im/bigchaindb/bigchaindb
Meetup: https://www.meetup.com/BigchainDB-IPDB-Meetup/

Continue Reading

Blockchain News

The US Government wake up to Blockchain

Published

on

By

Amongst increasing interest by government agencies around the world in the potential of blockchain, the US government has been slow to embrace the new technology, until now. However, with distributed ledger projects in Estonia, Georgia, Dubai and Singapore ongoing, there are now signs that the US is starting to wake up and take notice.
The US State Department is looking into using blockchain technology to “advance diplomacy and development objectives”. At a recent conference in Washington, John Sullivan, Deputy Secretary of State, urged the Department and its private sector partners to examine ways of integrating blockchain technology into the agency’s operations.
The Department has been tasked with finding up to US $10 billion in savings over the next five years in a restructuring initiative announced by Secretary of State Rex Tillerson, and technological innovation is seen as a key part of that plan. Sullivan commented “Blockchain technology can have direct application to many of the key features of our proposed redesign”.
Meanwhile, the US Treasury has announced a scheme to pilot the use of distributed ledger technology (DLT) to determine whether smartphones and computers can be tracked and verified as they are transferred from one person to another, with a blockchain digitally recording the transfer. The Treasury’s Bureau of Fiscal Studies is also looking at broader uses of the technology, particularly with regard to how the processes for the management of government finances can be improved. Assistant Commissioner John Hill said they were looking to identify opportunities “where technological innovation can be used to improve efficiency, accountability and customer service in government.”
Another government agency looking at the possible application of blockchain is the Centers for Disease Control and Prevention (CDC), the arm of the US Department of Health tasked with preventing the spread of infectious diseases. In the wake of the 2014 Ebola epidemic in West Africa, the CDC was widely criticised for its sluggish and piecemeal response to the outbreak, with its existing legacy data management systems deemed inadequate for their needs. The CDC believes blockchain could facilitate the more rapid and effective capture of data in crisis situations, offering efficient sharing of information and records between those who most need it in a crisis situation.
In Virginia a blockchain start-up has been awarded a grant of nearly US $750,000 by the Department of Homeland Security (DHS). DigitalBazaar will work with the Department on a wide variety of “identity management and online access use cases”, with a specific remit to explore applications of the technology with DHS. The director of the Department’s cyber security division explained “Blockchain technologies have the potential to revolutionise the way we manage identity and access the internet”.
It is not only Federal government that is looking to exploit blockchain either. In Illinois, the state has begun work on a pilot looking at the digitalisation of birth certificates. In collaboration with Evernym, a blockchain start-up, Illinois is looking at a scheme which would see parents and doctors present at the time of birth log the birth on a blockchain. The platform could also have wider application in terms of identity verification, with information such as name and blood type also being captured.
Whilst they may have initially been reluctant converts, it is now clear that the US government at both the Federal and the State level is now waking-up to the potential of blockchain. Expect to see many more such initiatives in the months ahead.
.

Continue Reading

Trending

Press Releases