Blockchain

13 Promising Blockchain Startups to Watch out For

MEDICIFounder and Chief Strategy & Innovation Officer

Blockchain is a network approach to making digital currency completely open, decentralized and very difficult to hack, steal or counterfeit.

There has been a lot of focus on blockchain’s application for the financial world. However, there are several other industries that are already putting blockchain technology to advanced practice. We call them non-financial use cases of blockchain

Here are the 13 promising blockchain startups that signal new approaches to data integrity in the non-financial markets.

The startups mainly focus on diverse markets, including cloud storage, smart contracts, social networking, anti-counterfeiting, governance, digital identity, supply chain, art & ownership, prediction markets and the Internet of Things.

1. Augur.net

Augur is a prediction market platform that rewards a user for correctly predicting future events. It allows users to purchase and sell shares in the outcome of an event. The current market price of a share would be the estimate of the probability of an event happening and the sum of all shares for an event would always be $1.

Augur

2. Mirror

Mirror is a contracts platform and data provider that democratizes access to financial markets, developing a smart contracts platform to enable P2P trading.

Mirror

3. Colu

Colu allows fast access to colored coins and the Bitcoin 2.0 infrastructure through an API that will power distributed applications. The app for consumers provides secure access to everyday purchases and experiences.

Colu

4. Storj

Storj is a cloud storage platform with a suite of decentralized applications that allows users to store data in a secure and decentralized manner. It uses blockchain features like transaction ledger, public/private key encryption and cryptographic hash functions for security.

Storj

5. Filament

Filament is building a decentralized IoT stack to ensure that devices can securely communicate and transact value without any siloed infrastructure. Filament builds sensors (called “Taps”) that are used by companies such as Amazon and SpaceX.

Filament

6. ShoCard

ShoCard is a digital identity that protects consumer privacy and is as easy to understand and use as showing a driver’s license. It’s optimized for mobile, and is so secure that a bank can rely on it. It's the one identity verification system that works the way consumers and businesses need it to for security, privacy and always-on fraud protection.

Shocard

7. BitProof

BitProof protects people’s creations from being stolen and provides the ability to create legal proofs of documents in less than a minute over the blockchain.

Bitproof

8. Ethereum

Ethereum is a decentralized platform that runs smart contracts—applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.

Ethereum

9. Symbiont

Symbiont is a provider of smart securities on the blockchain. The company aims to eliminate many of the inefficiencies and the opaqueness that have developed on Wall Street by utilizing the speed and security of cryptographic distributed ledgers known as blockchains to enable faster markets that are more efficient, and exhibit lower costs with increased liquidity, transparency and security.

Symbiont

10. Chimera.inc

Chimera connects the Internet of Things to real-time analytics performed on the edge node. It is a hub that links the home network to the cloud and electrical devices around it.

Chimera

11. TRST.im

TRST.im is a bitcoin reputation platform that allows users to rate and review their counterpart while retaining their anonymity.

Trst

12. UbiMS

UbiMS is developing the Inter-Supply-Chain-Net (ISCN). The ISCN is an IT portal powered by a blockchain that executes an order fulfillment utilizing a patented [3D] supply chain process system to distribute products from the manufacturer to the consumer in the most efficient way possible.

Ubims

13. Everledger

Everledger provides an immutable ledger for diamond identification and transaction verification for various stakeholders, from insurance companies to claimants and law enforcement agencies. Everledger provides new methods of financing and insuring diamonds, as well as combatting fraud, by providing an application for various stakeholders in the diamond pipeline.

Everledger

14. Chimera IoT:

Chimera IoT is a Kenyan startup building smart home systems made and tested to work in Africa first. Chimera has a range of hardware products and mobile app designed to work in as low as 2G internet environment and with inbuilt power backup. The startup is founded to solve the problem that existing smart home solutions aren’t built to work in Africa and emerging market environments. It’s focusing on the Internet of Things, artificial intelligence, big data applications and its products are based on the ZigBee standard.

13 Promising Blockchain Startups to Watch out For

Amit Goel

MEDICIFounder and Chief Strategy & Innovation Officer

“Amit Goel is the Founder & Chief Strategy & Innovation Officer for MEDICI. Amit’s vision is to build a strong FinTech market network that involves financial institutions, banks, startups, investors, analysts & other key stakeholders across the ecosystem – helping each one of them in a meaningful way by removing the asymmetry of information and providing a platform to engage & transact.\ \ Amit is passionate about bringing actionable FinTech-focused insights, innovative products & services for the FinTech ecosystem. Some of his work involves startup scores, bank scores/assessments, predictive viewpoints & other innovations that have helped MEDICI’s customers and the ecosystem. He has been named amongst the Top 100 FinTech thought leaders/influencers in the world & Top 10 in Asia multiple times by reputed agencies, consulting firms as well as financial institutions. Amit has built MEDICI (formerly LTP) as a new-age, tech-enabled advisory/research firm, which is now considered the #1 global research & innovation platform for FinTech in the world.\ \ Amit has been writing pioneering viewpoints on financial technology space that have been ahead of the curve since 2010. His data-driven predictions have helped the customers as well as the ecosystem. His past work experience includes a strong background in strategy & market analysis and advisory to clients (from big business houses to Fortune 500 firms) in payments, commerce, financial services & IT/technology. In the past, Amit had also founded a successful consulting & research practice called GrowthPraxis and has worked at Boston Analytics, Frost & Sullivan, and Daimler Chrysler in strategy & research.”