The blockchain sphere is expanding so quickly, it is a challenge to keep up with the latest global industry developments. Who are the blockchain companies driving the latest initiatives? Where are they headed? Who are the current innovators with the greatest future impact? How are they already shaping the new global economy?
As you dive into the blockchain industry to discover who is behind the latest innovations, here 10 blockchain companies you should learn about and keep your eyes on.
Stox is an open-source, Ethereum-based prediction markets platform that works with crowd wisdom to predict event outcomes. The company anticipates becoming a platform for academic use, as well as a mainstream prediction platform. Stox is nearing its beta stage and anticipates transfer to the Ethereum network within the second half of 2018. The company aims to become one of the leading tokens on the Ethereum network, and ultimately a global-scale decentralized prediction platform.
Coincheck is Japan’s largest cryptocurrency exchange and bitcoin payment processor. The platform makes it easy for novices to invest in 13 cryptocurrencies. Coincheck’s bitcoin trading volume runs at $35 billion monthly. The Coincheck payment solution enables merchants to accept bitcoin as payment. Widespread acceptance of bitcoin in Japan is due to early regulations set into place. The company plans to expand into other areas of fintech business through collaboration with promising startups. Coincheck aims to be the next generation digital bank.
ShoCard is a mobile digital identification that utilizes cryptography to offer increased security and user privacy. The company uses distributed identity management, with no central database of authentication codes. This minimizes the threat of hacking, by making it an inefficient effort that is not worth a hacker’s time and resources. ShoCard provides an identification where users can control how much of their identity information is shared. ShoCard is easily integrated into customers’ servers and mobile apps, making the benefits of blockchain technology available without the daunting complexity.
OmiseGO offers a decentralized exchange, clearinghouse, and digital asset gateway, through the security of the Ethereum Blockchain. OmiseGO is designed to support unlimited scalability and rapid transaction speed. It enables real-time, peer-to-peer value exchange and payment services. OmiseGO envisions itself as the answer to existing financial industry coordination challenges among payment processors, gateways, financial service providers, and financial institutions. The OmiseGO network and digital wallet are focused on financial inclusion. The OmiseGO network is commmited to supporting the growth of the blockchain and Ethereum community. OmiseGO’s funding toward community initiatives is based on scalability, sustainability, and community contribution.
Cashaa Holdings has positioned themselves as a one-stop shop for all financial needs. Storing, saving, spending, receiving, borrowing, insuring, all legally compliant, are being brought together in one platform. From the launch of a next generation banking wallet, insurance and lending units will follow. The company is targeting personal and business consumers. The company desires to provide financial inclusion for the unbanked worldwide as well as better alternatives for the banked. Cashaa Holdings also aims to provide a platform for innovative fintech initiatives. Through a partnership with a Master Card service provider, Cashaa Holdings will be able to move national currencies more easily than cryptocurrencies and transfer them globally to any bank account, card, or wallet.
Humaniq is dedicated to empowering the unbanked. This is a population of 2 billion people with no access to banking and 1.5 billion people with partial access, mostly all living in the Global South. Humaniq utilizes blockchain and biometric technologies to support self-deploying financial infrastructure. They are working to implement the vision of no one being shut out of the digital economy. Additionally, Humaniq is building a new ecosystem of financial services, such as insurance and crediting, to support the unbanked. One way Humaniq has reached out to the unbanked population is through the Humaniq App. This enables young people in lower-income areas to acquire online IDs and earn Humaniq’s cryptocurrency, or HMQ. Humaniq also offers a Global Challenge to encourage entrepreneurial products developed for unbanked users.
Sofocle Technologies utilizes blockchain technology to build products and solutions for finance, insurance, healthcare, manufacturing, and logistics. The company specializes in HyperLedger, Fabric, Ethereum, Multichain, and Smart Contracts. Sofocle’s clients are concentrated in India and the APAC region. In the future, the company will likely expand into the MENA and African markets. Their solutions include SofoCap, which reduces the costs and complexities of supply chain financing; SofoChain, which helps verify origin, certification, and sustainability standards, as well as tracks a product through the global supply chain; and SofoInsure, which utilizes blockchain technology to automate insurance processes. After initiating new products, Sofocle works on maturing and scaling those products, to thoroughly address industry pain points.
Decred is an autonomous digital currency known as The Peoples’ Coin. Decred is working to build a decentralized future through open-source stakeholder participation. Decred utilizes a method of sustainable funding to enable long-term growth. Sustainable funding is built around a 10% project subsidy. Spending of that subsidy is determined by stakeholders, i.e., those who own Decred’s digital currency. Decred utilizes its own consensus voting model that helps transition from one set of rules to another. Decred has also developed tools that facilitate group decision-making and conflict resolution. Decred’s digital currency is a model for decentralized decision-making and self-funding.
Iconomi is a digital assets management platform that provides a bridge between the old and new economy. It enables the creation of digital asset baskets, known as Digital Asset Arrays (DAAs), overseen by DAA managers. Users can buy into these baskets through a simple process provided through Iconomi’s platform. The leadership team is from Slovenia, which has a thriving blockchain and tech innovation industry. One of the benefits users experience with Iconomi is a wide range of exposure to the new digital economy and blockchain projects. As crypto assets begin to transform the new industry, Iconomi plays a leading role in helping to define and shape the industry. Iconomi is positioned to become a global fintech leader.
LiveCoin is a secure digital currency trading platform to access cryptocurrency exchange markets. Users can utilize a wide range of trading tools. The LiveCoin Exchange also offers bots trading and arbitrage. LiveCoin uses cold storage to protect customers’ funds. Beginning users will find a simple interface. Advanced cryptocurrency traders will find enhanced features including detailed information on the digital currency markets. LiveCoin is planning to expand globally into several more countries. The LiveCoin Exchange is listening to its customers and working on customer-requested initiatives, including the listing of more coins, development of LiveCoins’ own currency, and the launch of a mobile application.
These companies are revolutionizing the future of the blockchain industry and the future of the world’s economy. You will definitely want to keep your eyes on what they are doing and how they are shaping the decentralized economy worldwide.
By Janet Eriksson, BIG Writer
Note: See our BIG Interviews for all 10 companies on our Home Page at https://blockchainindustrygroup.org