Start-ups in Blockchain | Blockchain Expo
Start-ups in Blockchain
Blockchain has become quite a popular technology in the past couple of years owing to the emergence of thousands of cryptocurrencies, most of which have been created by start-ups by means of ICOs in order to raise funds. The value of these cryptocurrencies significantly dropped during the 2018 boom and bust bubble, however, start-ups across the European continent have continued to offer ICOs and have explored more and more uses for the blockchain technology.
Blockchain, as a decentralised form of digital ledger, gradually found applications across industries, such as in logistics for tracking goods, finance for tracing transactions, legal for securing smart contracts, education, health, etc. Let’s go through some of the blockchain start-ups that are making the most innovative use of the technology this year.
Yojee is a Singapore-based blockchain start-up that uses artificial intelligence (AI) to help logistics and supply chain companies coordinate their fleets, optimise and manage tracking, pickup and delivery confirmation, invoicing, job management and driver rating in real-time. Delivery jobs are automatically assigned to drivers by machine learning algorithms that also remove the need for intermediaries, eventually reducing the overall expenditure.
Yojee also allows its users to connect with the world’s first collaborative cross-border logistics network that unites shippers, carriers and freight containers. Over 70 Southeast Asian ecommerce sites are using the company’s platform today.
Malaysian blockchain start-up Xenchain is helping the financial services sector by tackling issues like manual document authentication that currently exist in the identity verification domain. The start-up expects to streamline the complicated process of combining e-KYC (electronic-Know-Your-Customer) and facial recognition technology, along with developing a platform that will allow accessing, managing, and storing personal as well as asset identification data in a secured, indisputable and inviolable distributed blockchain.
In mid-2018, Xenchain launched its ICO, XENC, after several fundraising campaigns in the Southeast Asian region. Reports suggest that the platform has sold 200,000,000 XENC till date.
The Legal Node platform allows companies receive online legal services, find most suitable lawyers and can pay using smart contract technology.
Norwegian start-up Lendonomy is a peer-to-peer mobile lending platform that focuses on young adults by combining social networking, gamification and augmented reality.
Lendonomy helps in solving the current generation’s major problem of invisible poverty by motivating them to support and trust each other via sharing and lending money to peers around the globe. The platform features AR-gamification and education to teach the young crowd to be better investors, savers, and responsible consumers. The best part of this platform is that it builds a verifiable credit history, thanks to blockchain technology.
Belizean blockchain start-up Ambrosus is an Internet of Things (IoT) network that focuses around food and pharmaceutical industry. Ambrosus allows a secure and frictionless communication between sensors, distributed ledgers, and databases that enhances supply chain visibility and quality assurance. The platform creates unique digital identities for every item in the chain by keeping track of it as it moves from farm to fork.