For most people, cryptocurrencies like bitcoin, ether, dash, and ripple are the entry-points to the blockchain world. But soon people realize there is more to this world than cryptocurrency. Blockchain technology is helping innovators create solutions in manufacturing, retail, supply chain, pharmaceutical, healthcare, transportation, real estate, government and more.
Here are some 25 companies that stand out in the blockchain world:
IBM Blockchain - IBM is heavily investing resources that can help solve cross-border supply chain problems. IBM’s shared ledger can provide real-time traceability and transparency. One of IBM's big project is a partnership with Maersk to provide supply chain solution for the shipping industry. Shipping large containers across borders are costly due to the inefficiencies in the process. IBM's digital ledger is providing ways for the shipping companies to optimize their supply chain tasks.
Hijro - The project uses blockchain to support financial and supply chain systems. Companies will be able to buy blockchain registered assets and connect their ERP solutions to the Hijro Trade Asset Marketplace. It also provides API for developers to connect to the platform.
Skuchain - The company wants to provide service to customers with global supply chains. Businesses will be able to use SkuChain for their cross-border trades.
Jiocoin - Reliance, India’s largest conglomerate, is building this blockchain based platform to serve supply chain customers as well as provide a cryptocurrency service. The blockchain will also have smart contract capabilities. The project is still at the proposal stage.
Provenance - The company is creating a blockchain-based solution to secure traceability of certifications and other information in the supply chains. Provenance will provide a digital identity for every product. It will increase transparency by creating an auditable record.
Healthcare and Pharmaceuticals
Blockverify - It is a blockchain-based anti-counterfeit solution. The company is targeting applications like pharmaceuticals, luxury items, diamonds, and electronics. The application will be able to verify counterfeit products, diverted goods, stolen merchandise and fraudulent transactions. The pharmaceutical industry is excited about this solution.
MedRec - MedRec was developed in the MIT Media Lab. It is focused on providing blockchain solution for electronic medical records (EMRs). The process of EMR is currently slow and cumbersome. MedRec intends to better manage the record keeping process on blockchains.
Gem - Gem is an enterprise level application that can connect to any blockchain network. It can work with Ethereum, Hyperledger, and more. It provides data store, standardized resource representation, access controls and Rest API. It started as a pilot project in MIT’s Media Lab. It is currently working with CDC and European giant Tieto to bring blockchain to healthcare.
SimplyVital Health - The company has created the product ConnectingCare. It provides analytics for patient experience. ConnectingCare is intended to help providers easily coordinate and communicate with each other. It has algorithms for near-real-time cost forecasting that improves automatically using machine learning. Healthcare providers can have a reliable audit trail with this product.
Aeternity - The company is developing smart contract applications targeting IoT, video gaming, and micropayment transactions. Users will be able to exchange value by using smart contracts on their phones.
ABRA - It is a bit-coin based cryptocurrency wallet. Users can buy, store and exchange bitcoins using the ABRA app on their smartphones.
Maersk - Maersk in conjunction with Microsoft is trying implement blockchain for marine insurance. Maersk has already started trial on the application. It will help marine companies to better predict risk factors due to more up-to-date information.
Barclays - Barclays, the 325-year banking giant, has invested in multiple blockchain initiatives. It is trying to use blockchain to fight identity theft and improve trade financing. Barclays is looking at ways to introduce blockchain-based identity management for their bank branches. For better trading, Barclays has started the Wave platform for secure signing, endorsement, and transfer of trade transactions.
Augur - It uses decentralized ecosystem to provide forecasting tools for the productions markets. It is a peer-to-peer prediction market platform.
Loyyal - A consumer rewards platform that uses the power of blockchain and smart contracts. Businesses can customize the platform to meet their unique needs.
OpenBazaar - A free online marketplace for trading goods and services without the need to pay any third-parties.
Blockpoint - Intended for retailers. They can build custom mobile applications on the blockchain.
Transportation and Travel
La’Zooz - A ridesharing application that runs on the blockchain. The decentralized transportation platform intends to provide real-time ridesharing options for consumers.
Arcade City - It is like Uber/Lyft but on the blockchain. The technology can help Gig economy workers earn more from their labors.
Webjet - A travel portal like CheapTickets or Expedia but built on the blockchain. Through creating a direct connection between travelers and service providers, Webjet can bring down travel costs.
Dubai - Dubai is taking aggressive steps to become the first blockchain-based government. It has formed a 30-department government committee to introduce blockchain technology across various aspect of the government.
Estonia - Estonia is building a digital nation using blockchain. It is moving all its public records to the Keyless Signature Infrastructure (KSI) blockchain.
Transactivegrid - The project is trying to build a blockchain-based power grid distribution model that will allow users to locally produce and share power. It can help communities to decrease their power use through using locally produced green energy.
Storj - Storj is a distributed cloud storage solution. Instead of relying on cloud service providers, users will be able to store their assets on other users computers. The users who rent out their computers for storage will get paid with tokens from the ecosystem.
Bitgive - Bitgive is using the power of blockchain to revolutionize philanthropy. It is mainly focused on public health and environmental issues. Blockchain technology is making Bitgive transactions transparent to its donors.
Blockchain technology is helping with every aspect of the modern world. Check out the links beside each project to find out more about the technology.
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