Five upcoming blockchain ventures

A growing number of blockchain ventures are harnessing the power of blockchain technology across various sectors. Coin Rivet brings you five to keep your eye on.

Blockchain technology is set to enter a new era in 2019, with promising technological advances in other sectors that will allow blockchain to play a more prominent role.

Storiqa

Storiqa’s blockchain platform enables you to sell and buy goods with cryptocurrencies. Using blockchain in e-commerce is a relatively new thing, but the Russian start-up is aiming to push the market forwards by stripping away the uncertainty and inaccessibility that sometimes surrounds this area.

Andrian Galkin, COO and co-founder of Storiqa, observes that many of the big players are trying to implement blockchain and cryptocurrency into their operations, with Amazon looking into partnerships with Ripple.

“However, building blockchain into an existing platform is incredibly difficult and complex. Storiqa is in a uniquely advantageous situation where we’re catching the wave early, and we’re building a rock-solid blockchain-based platform from the ground up,” he comments.

He adds that, by May 2019, his venture will have established a smoothly operating e-commerce marketplace. “We’ll be in full swing, with a large variety of goods available to buy using our fully functional multi-currency wallet, a happy customer base receiving high-quality products, and any small producer able to sign up and tap into global sales with no difficulty and at low cost.”

Minds

Crypto social network Minds has landed a $6 million Series A investment from Medici Ventures, the blockchain subsidiary of US online retailer Overstock.

Minds recently launched the $MINDS crypto token on the Ethereum mainnet as a way for users to boost their content, subscribe to media subscriptions, and access exclusive content. The tokens can also be earned for engagement on the platform.

“There has been increasing excitement in recent years over the power of blockchain technology to liberate individuals and organisations,” says Overstock CEO Patrick Byrne. “Minds’ work employing blockchain technology as a social media application is the next great innovation toward mainstream use of this world-changing technology.”

“It makes perfect sense for Patrick Byrne to join Minds’ board of directors,” says Bill Ottman, Founder and CEO of Minds. “He understands the critical nature of using blockchain technology to help real people as it pertains to the increasingly urgent issues of user rights, privacy, and internet freedom. He shares our strategic vision, and we welcome his voice on the board.”

Trustology

Trustology has raised $8 million in a seed round led by Two Sigma Ventures, the early-stage venture capital fund of Two Sigma. It will use the cash to develop new capabilities like smart accounts with programmable controls, support additional asset classes, and expand its operations internationally. The venture is currently onboarding beta clients.

The company is developing technology and services to help private and institutional clients secure digital assets. Founder Alex Batlin formerly led blockchain innovation work at UBS and BNY Mellon and was a founding member of the Enterprise Ethereum Alliance, Trusted IoT Alliance, Utility Settlement Coin, and R3 consortium.

ICON

ICON is a highly ambitious blockchain project that wants to connect different blockchains to create one master global ecosystem. It is powered by the ‘Loop’ technology, which allows transactions to happen much faster than the previous generation of blockchain.

Big investors such as Coinsilium, Kenetic Capital, and Pantera Capital are all part of this blockchain venture. ICON is expected to help universities, hospitals, and e-commerce as a result of the work it will be doing with the help of the LFT consensus algorithm.

TraDove

TraDove is a global B2B token offering. Their aim is to create B2B transparency by utilising social network functions such as endorsements, with references to authenticate users and reduce due diligence effort and time. TraDove also want to develop an improved payment instrument to ensure trusted B2B transactions, particularly in the realm of international trade.

TraDove launched the world’s very first B2B token, which opened up corporate demand for cryptocurrencies for sales and marketing. It was founded by people from MIT, Amazon, Facebook, and Alibaba.

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