Ever since Bitcoin and Ether set the pace for digital currency exchange through the distributed ledger technology, more and more companies have joined in the frenzy over time. Currently, there are hundreds, if not thousands of blockchain-based companies operating worldwide. And the list keeps expanding each day.
It is important to note that most of the startups represent a unique group of techies that would want to test and use the blockchain framework in the health sector, supply chain management and banking among other fields. And there are real prospects for the future here. The following are 5 blockchain companies that are set to move things in 2018:
SimplyVital Health
Healthcare is one of the MOST vital sectors in any country and its operational systems are a key determinant to the kind of services citizens will receive. While most of the healthcare systems in the world are really trying, they are not as efficient and reliable as they should be. So, SimplyVital Health-which rides on blockchain-aims at keeping medical records more secure, accurate and accessible to healthcare providers, patients and other interested parties.
The company has come up with revenue generating HIPAA-compliant blockchain with two products namely: ConnectingCare and Health Nexus. The former aims at helping hospitals transition to a value-based care system in terms of insurance and Medicaid while the latter allows healthcare providers to share crucial data with patients in a decentralized and secure manner, for improved treatments.
SmartLedger
SmartLedger is a startup that aims at utilizing smart blockchain technology to introduce a tokenized gold-based crypto trading platform, cryptocurrency mining pools, fund management systems and more. The company has particular interest in the insurance industry. And it has already formed SmartLedger Insuarance Consortium (SLIC) as a way of fostering collaboration and innovation among the interested parties. Moreover, its Customized SmartLedge Development framework is designed to help various companies develop their own blockchain-based solutions at a certain fee.
Ripple
Released in 2012, Ripple is a currency exchange, real-time gross settlement system (RTGS) and remittance network. Its operation is based on a shared public database that involves a consensus between two validating servers for purposes of integrity. The Ripple Protocol (whose token or digital currency is XRP) allows for almost instant and direct transfer of monies between two parties. You can actually exchange any type of currency including fiat, gold etc.
Also from Ripple, stems a desktop wallet solution known as Rippex. The wallet is used for keeping ripple coins and it can easily be downloaded on Windows, Linux and Mac based systems. Ripple coins can be purchased with fiat money and/or other significant cryptocurrencies. Here is more information on Rippex.
Shopin
Shopin is a blockchain-based startup that aims at creating a decentralized marketplace, which is more like a ‘distributed Amazon’ model. The startup won the 2017 CoinAgenda Global blockchain startup competition, beating more than 40 other competitors.
With Shopin, customers will not be required to fill out forms and will enjoy fast checkout, timely product recommendation and convenient access to sharable wish list. Retailers, on the other hand, will enjoy cryptocurrency incentives, get SKU-level information and have the ability to seamlessly reconnect with customers.
Celsius Network
Celsius is a banking platform based on blockchain technology. The platform will allow lenders to earn up to 5 percent of interest on their crypto and borrowers to take loans at 9 percent interest, using the crypto in their accounts as collateral. Celsius network is targeting to absorb 100 million plus people into crypto. And based on its solid model, it is likely to disrupt the traditional banking industry in 2018.
Conclusion
These are just some of the main blockchain companies that have shown potential in making changes in various industries and sectors. Will they provide sustainable models and make a lasting impact the various fields? Well, let’s wait and see.
