There are many aspiring blockchain startups around the world. Among them are many promising ones with great potential for the future. In this article, we are going to review some of the most exciting blockchain startups to keep an eye on and learn from.
Among many other fields, blockchain is used in healthcare and medical applications. Some of the startups in this field stand out with their unique services. One of these is Solve Care. This startup focuses on the management of patient records which is one of the most sensitive and critical aspects of healthcare digitalization. Solve Care aims to offer a decentralized approach for storing and using patient data. It guarantees safe usage of patient data and decentralization prevents them from becoming a product for companies to sell. To bring their solutions to the light, the company has signed up for a large number of agreements and partnerships, including businesses, clinics and governments.
While people have a lot of interest in cryptocurrencies, governments around the world don't seem to like it. The main reason for this dislike is that they are not monitored and transactions are not documented. Tracking blockchain transactions is really hard and not always successful. This allows cryptocurrencies to become a tool for illegal businesses and terrorism, which is a real threat.
Fetch.AI aims to solve this problem of cryptocurrencies. The aim is to create a solution that uses AI to detect illegitimate transactions and flag them. This helps authorities to take action as soon as these transactions occur. The solution is even more exciting because it's an open source, which means businesses can add their own features to it, for free.
DNA has provided humanity with great information, and this blockchain-based solution can take it even further.
Genomes aims to help anyone store their DNA data in an Ethereum based-blockchain network. The data is secured while the person has the freedom to share it or not. The startup takes the idea even further by allowing the monetization of DNA information. It means anyone can choose to share their DNA with organizations for research purposes for a pay. That helps people to get easy cash and organizations to expand their research. This is another startup that proves that blockchain applications are very wide and we will keep seeing more innovations in the future.
As expected, blockchain technology is also implemented into supply chains. Provenance is a startup that allows businesses to use a blockchain powered supply chain. This supply chain connects vendors, suppliers, manufacturers, retailers and consumers through a secure network. With this solution, businesses can track every aspect of the supply chain through the platform. While the platform is still limited, Provenance is showing us what to expect from blockchain-powered supply chain management.
While one blockchain network can work seamlessly anywhere in the world, two different blockchain networks don't communicate directly with each other. Even the most famous cryptocurrency networks, Bitcoin and Ethereum don't communicate directly. That is a problem Bankera wants to solve. The startup wants to become an online bank that brings all of the cryptocurrencies together through one platform. You can buy, exchange and transfer various cryptocurrencies faster than ever, and with better reliability. If cryptocurrencies become more popular in the future, such unified networks can be good for millions to store their new form of money.
For blockchain solutions to offer enhanced reliability, they need speed, and that's what startups like Elrond focus on. The startup claims to provide enhanced speed for blockchain network transactions that's up to 1000 times faster. This means if right now you can send transactions to 10 people in one minute, by integrating this technology into the blockchain of your cryptocurrency, you could send transactions to 10000 people per minute.
There are many applications for blockchain in the healthcare industry, and NanoVision is one them. While some startups focus on patient records, this startup wants to help researchers get more data to help in developing solutions and medicines for diseases. More specifically, its aim is to make such data available for every researcher and not just for a specific business to buy and sell. Such platform can boost innovation, especially for smaller research companies. As a result, it can encourage more research businesses to be established in the future.
One of the biggest benefits of blockchain technology is its ability to decentralize records. That makes them controlled by various computers around the world instead of specific servers. Many startups are already focusing on utilizing this blockchain feature. Fr8 focuses on developing solutions for record keeping that is related to asset trading. Fr8 decentralizes and unifies data into one network. That has a great potential to change many industries, by making their records safer and their processes more efficient.
IOS is an abbreviation for Internet of Service. The startup IOST is one that utilizes this concept and aims to solve blockchain scalability problems. IOST is a blockchain-based ecosystem, relying on Ethereum blockchain. It allows any developer to create applications based on the tech and utilizing cryptocurrency. Businesses can achieve enhanced security when using blockchain technology. So that means achieving decentralization, cutting intermediates and removing single controllers and regulators of data.