Breaking the mold: How these 6 blockchain companies aim to reinvigorate the industries
Check out these companies who are building real-world blockchain applications
Blockchain technology is revolutionizing how people approach transactions. Whether it’s cryptocurrency, smart contracts, or tokenizing real-world assets, many people are fond of the system’s extraordinary levels of transparency and security. Sometimes blockchain impacts the way individual companies conduct their business—like how Subway and Etsy accept Bitcoin—and sometimes it affects entire regions of the world.
Southeast Asia is a major hub for blockchain: Cambodia is seeking to become the second country ever to implement its own national cryptocurrency, and there are numerous startups from places like Singapore, Myanmar, Vietnam, and Indonesia that are ready to alter the region’s economies.
And other times, blockchain affects whole industries. Various industries are rife with fraud and inefficiency, so blockchain has the power to smooth out processes and ensure safety. There are several players on the board prepared to revolutionize their fields, so these are some companies to keep an eye on.
According to the platform Nano Vision, “the model driving scientific advancement is broken. Trillions of dollars are spent globally with sporadic successes. Critical data is siloed in individual institutions and governments around the world. Clinical trials cost billions of dollars to conduct, but over 90 percent of them end in failure. How can we expect to affect real change when our systems don’t facilitate progress?”
Cures, treatments, therapeutics, drugs, and other medical solutions are crucial to human survival; Nano Vision created a blockchain-based platform that expedites the rate at which these necessities are developed. Say a scientist in Malaysia is researching a potential cure for a virus. She has conducted numerous experiments, but is missing one final piece of data that she just can’t quite figure out, or her equipment prohibits her from acquiring. By sharing her research on Nano Vision’s platform, she can allow another researcher from Laos to contribute ideas (everyone has unique perspectives, after all), or she can look at who else is conducting similar experiments and see what their own findings are.
So, rather than conducting experiments over and over and hoarding information, Nano Vision dramatically improves global collaboration for critical medical research (it accounts for language barriers, too). The system uses a cryptocurrency called Nano Cure Coin, which not only attributes data to correct sources, but it helps compensate users for their contributions (which incentivizes people to participate). As of now, developing important medical solutions is a slow process—but Nano Vision is prepared to change the way threats towards human health are addressed.
As Fr8 Network defines the problem, “Trucking is riddled with inefficiency. Every year, trucks drive almost thirty billion miles partially loaded or empty. This wastes one-third of capacity, as businesses struggle with a shortage of drivers. Middleman brokers match orders, hold back valuable data on performance and pricing and exact fees of $66 billion a year—a rich target for disruption.”
Trucks are much more difficult to keep track of than trains were during their prime (and there’s a lot more of them), so brokers who schedule routes are often incentivized to send vehicles around the United States in inefficient ways (thanks to high margins). So Fr8 Network has created a platform that takes advantage of blockchain’s transparency by presenting drivers and suppliers alike with a dashboard that shows them relevant information to optimize the trucking system.
Fr8 Network capitalizes on the concept of the “sharing economy,” similar to how ride-sharing services are. Drivers can use the platform to search for jobs, and then search for new jobs in whatever areas they find themselves in after dropping off loads. Businesses, too, can look for reliable drivers to carry their goods and take note of their locations to plan accordingly. This way, everyone involved is held accountable and encouraged to remain reliable, all while ensuring that trucks never have to drive empty (which saves a lot of gas).
Education doesn’t stop after high school or college. Especially now that younger generations are facing challenging job markets, higher costs of living, and fewer opportunities for income growth, the professional and personal development industry is more important than ever. Unfortunately, the many avenues to self-improvement can be pricey: books, seminars, conferences (which often require travel), coaching, classes, and more—all possibly on top of student loans.
SuccessLife, a subsidiary of the group of companies known as Success Resources, has created a platform that serves as a hub for all things related to self-improvement. The company’s white paper details that the platform is designed to be “the world’s leading digital marketplace for premium personal and professional development and educational content, the world’s largest global online and offline community for entrepreneurs or individuals seeking inspiration, motivation, or well-being,” hosting materials ranging from video and audio content to videos and live streams (which can be viewed at home).
The platform is blockchain-based and uses a cryptocurrency called SuccessLife Token (SLT), which can be used to purchase materials and make transactions with other users (the platform is open for other parties to share their wisdom, too). With an immense library of resources for personal and professional development, SuccessLife makes adult education more accessible than ever before.
Blockchain has enormous potential to disrupt entire industries, so it’s here to stay—which means that paying attention to the companies on the forefront of their revolutions is in everyone’s best interest.
Alchemy has an ambitious goal and an incredible story. Founder Justin Cheng is just 21 years-old and has led the company to over $30 million in funds raised in just a few months. The P2P lending platform is looking to provide access to loans and opportunity to the developing world. First up, will be Cambodia, where Alchemy has established an early relationship to launch a test pilot in 2018.
P2P lending is popular in the blockchain space because blockchain technology helps solve many of the challenges seen in the industry. For Alchemy, the product goes a step further and allows people to own a piece of a collateralized debt obligation (CDO) created by the company and facilitated through the sale of tokens. This is the first time CDOs have been introduced on the blockchain in a consumer-friendly way.
The implications of such a platform could mean a billion-dollar opportunity while helping everyday people access and secure affordable debt, a first in many countries. Alchemy is currently gearing up for a pre-sale that will go live in April.
The first of its kind, HybridBlock is the complete package of an educational tool, exchange, and wallet. Aiming to disrupt the current ecosystem of cryptocurrency exchanges by presenting itself not only as an all-in-one crypto trading tool for experienced investors, but also as an educational tool for those seeking to enter the sector for the first time, HybridBlock has the potential to change the nature of cryptocurrency for buyers, sellers, and everybody in between.
The company is targeting the Asia region, a market of billions of potential cryptocurrency participants. Why Asia? Currently, cryptocurrency companies based in APAC have the highest number of employees and are known to be some of the most innovative in the world. Coupled with pro-crypto sentiment by consumers and significant global trading volume, the potential in the region is undeniably high.
Currently, for new crypto-adopters, the learning curve is steep largely due to the lack of educational resources to get started. The HybridBlock experience is ultimately looking to take new users through that process and provide all of the tools for them to become advanced traders if desired. If successful, HybridBlock could be the exchange of the future.
TraDove is a global B2B social media platform that connects buyers and sellers to help facilitate international trade with greater transparency, trust, and reviews. TraDove is unique as it will be the first B2B token listed when it hits exchanges on April 10th on HitBTC. As a more targeted and robust LinkedIn-style platform, the company has already recruited over 250,000 corporate users around the world in over 80 countries.
e27 first learned about the company in December, interviewing founder Kent Yan on his vision and inspiration. Since that interview, TraDove went on to raise $52 million in its token sale. By utilizing blockchain technology, TraDove will create a smart-contract powered extension to its existing platform and unlock token, named BBCoin, to power transactions within the platform.
The goal is to eliminate unnecessary intermediaries and create a platform where cross-border business can happen without any second guesses. This is accomplished through verified reviews, big data and AI matching algorithms, and targeted advertising.
Image Credit: monsitj / 123RF Stock Photo
This article was originally published on e27.co
“B2B reporter – Content Manager – Contributor – Fintech – Blockchain – Cryptocurrency”
Simon Chou is a B2B reporter and content manager specializing in technology and finance. He has worked with many clients in the fintech and blockchain space. He holds investment positions in bitcoin and other large-cap cryptocurrencies, and has been reporting on cryptocurrency since 2017. Currently, Simon is the content manager for a major cryptocurrency exchange @HybridBlockHQ.