Blockchain, the distributed ledger technology that enables major players in the FinTech world such as Bitcoin and Ethereum, is spreading quickly beyond its roots in finance.
For example, Chainy is a link shortening website, like its predecessor Bitly, that harnesses the power of blockchain and smart contracts to help its links withstand the test of time and additionally allow users to share files and generate proofs of existence. Even more blockchain applications can be found on our list of the Top 10 Most Disruptive Ethereum-based dApps in 2017.
Here are the top ten blockchain companies who are advancing the field and finding creative uses for this world-changing technology:
The Aeternity (also spelled Æternity) Project has developed a solution for issues that networks like Ethereum and Bitcoin are facing–most notably, transaction processing speed and network scalability. By establishing a network that handles all transactions and contracts in a state channel, the number of transactions that the network can process goes up exponentially. The contracts only touch the network when the transaction has been completed or in the event of a dispute.
DFINITY is a revolutionary blockchain that utilizes an AI called the Blockchain Nervous System (BNS) in order to solve the issue of network guidance. The direction of the network is decided by the market. For example, when users dislike an action that the network has taken, they sell off tokens, which then decreases the overall value of the market. The network learns from the mistakes it makes and uses the market opinion to guide the growth and progression of the network. To address scalability issues, the DFINITY network stores information across the network in shards.
ContentKid is a disruptive payments company that uses blockchain technology to allow for short-lived subscriptions to content that users may only need for a short time–an hour or a day–versus traditional monthly and yearly fees. Instead, it shares these subscriptions across users who only pay for what they need. The solution is tied to the Hyperledger blockchain and helps to reduce fraud while also bringing premium content to the average user.
Blockphase is a blockchain-based content copyright enforcement tool for VR/AR and 360-degree video content. Beyond allowing users to post their content on the Blockphase platform, Blockphase helps users protect their copyrights with an infringement search tool. Allowing users to store and manage their copyrights on a blockchain network reduces the risk of fraud and puts the artists’ minds at ease so that they can focus on creation instead of protection.
Chain of Things integrates two of the most disruptive technologies in order to help solve real-world issues. Chain of things is working to establish a link between the IoT and blockchain technology for the purpose of increasing efficiency and reducing fraud. Chain of things is seeking to establish the best possible uses for the conjoined technologies. They have made many top 10 lists here at Disruptor Daily.
Flowchain is a distributed ledger technology for IoT devices that act in real-time. The benefits of this style of peer-to-peer networking include reduced network load, faster information transmission, and more. The applications for a peer-to-peer IoT network extend from building smart cars to building cities with IoT and blockchain-based infrastructure.
Decissio is a blockchain and AI-powered investment and VC platform. Decissio gives investors the information they need to supplement their instincts and keep track of their investments. Decissio users can have the companies they invest in a report to them through the Decissio platform to ensure that all records are kept true and auditable.
Cognate is a blockchain-based common law trademark registry. Common law trademarks refer to the use of a mark in commerce and are normally upheld without the need for a more expensive, federally-registered trademark. Beyond registering in their database, they help users keep tabs on their trademarks as well.
“SkyHive is the world's first digital workspace and enterprise incubator.” They offer a blockchain-based platform that can be used to expand world labor opportunities alongside networking and even educational opportunities. SkyHive brings a crowdsourced labor and networking platform to the public sector which allows companies and startups to seek resources and hire individuals as needed.
Safe is a company that has taken disruption beyond industry and into daily life. Safe allows network members to display their verified STD status on their phone. Safe connects with Labcorp and Quest diagnostic labs in order to ensure ease-of-use and accurate testing. Safe can also connect to dating and social media sites according to user preference.