2017 was very much a turning point for the world of blocking and digital currencies such as bitcoin, and blockage technology has opened up many new opportunities and ways in which people’s lives can be made easier. Since 2016 start-ups in this particular area have managed to attract and secure an astounding 1.4 billion dollars of outside investment.
Companies and organizations are looking for ways to integrate a blockchain into their work – financial institutions, healthcare, security, the media, consumer goods, non-profit organizations. Everyone is trying to find convenient technological solutions for working with block and digital currencies.
The current market capitalization of only the top three crypto-currencies is valued at an incredible 70 billion dollars – Bitcoin, 39 billion, Ethereum, 20 billion), Ripple, 11 billion. By comparison, a year and a half ago (June 2016), market capitalization of bitcoin was only 8 billion dollars – some five times less than its current status.
The rate of bitcoin has grown rapidly throughout 2017 and, at the time of writing, will cost you 13,429 dollars per coin. Staggeringly, this cost was was only 2,920 dollars in July 2017.
It is little wonder that so many funds go to finance projects that would help “attach” to blocking technology and “saddle” bitcoin. The below list will enlighten you to a selection of interesting social start-ups, whose products have earned in 2017, based on their relationship with block-technology.
A project of a system of financial transfers from any country of the world to the inhabitants of Africa. Initially launched only in Nigeria, Tanzania and Uganda, but today it provides services in 85 countries. It is aimed at creating an honest and fast payment system for employees in African countries, and has received investments of 5.75 million dollars from international companies and banks.
The startup makes it possible to trace the way of goods and products from the supply of parts and components of products to their implementation. The goal is to enable consumers to purchase goods that are produced by socially responsible producers. The service allows you to track products and materials on the block chain, and has attracted investments totalling 66 thousand dollars.
Created to offer a new network of decentralized applications, accessed through a special browser, this project launched a number of applications that allow users to store users’ personal data safely, and maintain their confidentiality, security and freedom.
Downloading the Blockstack browser will enable a user to begin using the network, and the company has so far received funding of 5.45 million dollars.
This startup develops a protocol based on P2P technology , designed to replace the HTTP connection, and create a faster distributed network.
The program allows users to process large amounts of data with higher performance. Its authors believe that their product will be useful to service providers, researchers, content creators and non-profit organizations alike.
The amount of received investment has not yet been disclosed.
5. Golem Network
“A new way of working the Internet,” is the goal of this startup, and their project of creating a supercomputer, whose work is based on the synergy of all user machines.
Using Golem, people can rent its computing power, and also develop and sell software in a decentralized and inexpensive way. The project is created on open source, and users can join its development on GitHub .
The value of investment thus far, has been 8.6 million dollars.
A promising digital wallet application for instant and secure money transfers, Abra is built on P2P technology , meaning that translations are made without intermediaries. The tool is designed for private users, and is very convenient in its method of collecting donations, regardless of where the user resides.
Currently, 50 currencies, including Bitcoin are supported, and users can elect to buy, sell and transfer bitcoins and other digital currencies.
Leading US banks have joined the projects and investments of 14 million dollars have been received.
An application that allows you to buy and sell content, products, receive salaries or accept donations. In fact, this is a system of instant money transfers without intermediary banks, a tool for instant transfers in any currency and working with digital currencies.
The developers argue that the application allows you to avoid barriers to remittances. The amount of investment in the project is not disclosed. At the time of writing, the application had an application only for smartphones on Android .
A social network based on blockbuster technology which helps users create companies and communities on the Internet. The project provides a tool for creating joint international companies, holding charity events, as well as collecting donations.
The goal is to help activists create movements and communities with like-minded people around the world, and is based upon a network that uses P2P’s decentralization technology.
The amount of investment in the project is not disclosed.
This project represents a unique start-up. This is a web service that allows users to make quick donations to victims of natural disasters from anywhere in the world. The project site provides a map of crisis zones and a list of required donations. All funds are transferred without intermediaries, directly to specific recipients, and be them from organizations or individuals.
The system works on blocking technology and uses P2P technology, which, in turn, eliminates problems with intermediaries and any associated prohibitions. As a result, transfers can be made almost instantly in any currency, including cryptos. Each registered participant can receive donations to his account himself, as well as monitor how the donated funds are used.
The amount of investment received towards the project is not disclosed.
A project dedicated to creating an independent Internet network based on crowdsourcing, users can create secure websites, share public data and safely store confidential information.
The startup also offers solutions and tools for building applications based on this network.
The amount of investment received is currently 7.5 million dollars.