Startups are moving towards blockchain technology in 2018.

Startups are moving towards blockchain technology in 2018.

The first application of blockchain technology to gain global attention was Bitcoin, the first digital currency. Blockchain creates a decentralized ledger that runs on a network of smart contracts. Blockchain is able to provide high security by using the concept of public and private keys for authentication. It concludes that blockchain technology can be used in any industry where value is exchanged. This technology has many more applications than just cryptocurrencies.

Below is a list of startups that will make a difference in the future.

Agrello

It is an Estonian company. Since smart contracts are a huge component of cryptocurrency and blockchain operations, Agrello hopes to revolutionize them.

It aims to combine legal documents with artificial intelligence to bring smart contracts to the general public without a comprehensive blockchain experience. Agrello’s is creating an interface that allows users to easily create their own legally binding smart contracts via the Ethereum network. For this, they do not need to have much programming experience or legal knowledge.

Elastos

Elastos started operating in 2000. It focuses on developing an internet operating system that repopulates the internet with blockchain. It produces a new secure operating system (Dapps) that works peer to peer without centralized control. It will aim to make digital assets rare, identifiable and tradable.

Everex

Everex plans to provide access to services such as currency exchange, microfinance, and more to people who do not have access to standard financial institutions. They will create a platform using blockchain technology called “cryptocash”. Users can convert their local currency into cryptocurrency through the Everex platform. The value of this cryptocurrency token will be equal to the specified fiat currency.

Puregold.io:

Established in 2010, Puregold becomes the first payment gateway to use a gold-backed cryptocurrency. The name of the gateway called “PG_PAY”. This includes various payment terminals, Gold ATMs and mobile money transactions with high security. The Puregold team used Ethereum blockchain technology and successfully built an e-commerce gold business network with gold-backed cryptocurrency.

There are many applications of blockchain emerging to make things more organized and secure.

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