One of the biggest hits that the global economy has ever taken occurred in 2020. People lost jobs, companies ran out of business, and the overall economy was hanging by a thread.
However, a few startup organizations have struggled to push through the challenges caused by the global pandemic. Even with a weak economy, these organizations managed to create breakthroughs.
To find the top startups that flourished in 2020, we have to first analyze 2018 blockchain startups. Every organization on this list has come up with innovative solutions. Some of them used cryptocurrency, and some made use of a smart contract with zero traceability.
Listed below are the top 5 promising startups that are guaranteed to leave a mark on the blockchain sector in 2021. But before we get to the cream of the crop, let us understand how blockchain solutions can help businesses and their benefits.
How Can Blockchain Solutions Help Your Business?
Various industries today, including smart contracts and distributed ledger systems, use blockchain technology to help make their business safe, secure, and transparent.
For instance, logistics and packaging companies utilize the blockchain to help execute end-to-end encryptions for the traceability of their supply chain. Moreover, it also helps the company to comply with the standard of anti-counterfeiting.
When it comes to financial services and industries, blockchain technology is slowly making visible changes. This includes major city banks and other up-and-coming startup agencies like FinTech, and so on.
It was also found that blockchain startups are constantly finding new, innovative ways to enhance their daily business, tasks and also make government practices transparent. A good example of this would be the future of voting. The technology used here is said to include various blockchain networks to make voting clear and secure.
Who Are the Ones Bagging the Benefits of Blockchain Solutions?
As more and more organizations begin to adopt blockchain technologies and solutions for their business, there is a direct and indirect impact on all individuals, banks, organizations, and even the government. However, they will monitor all the financial transactions here.
The increased use of blockchain technology is also opening job opportunities in the field of data engineering and for integration professionals.
The use of blockchain technology contracts for all those trying to go after the socio-economic challenges enhances cooperation and trust between all organizations around the globe.
Additionally, it is also said that financial regulators benefit from the implementation of blockchain technology. They are poised to help monitor and identify suspicious activity in today’s market.
When this combines with high-performance computing and artificial intelligence, it paves the way for software developers and engineers to create smarter, safer products.
5 Blockchain Startups to Watch Out for in 2021
As mentioned earlier, 2020 was not the best year in terms of various aspects.
However, five notable blockchain startup organizations have made the best with advanced technology-driven solutions. Additionally, it is interesting to know that worldwide spend on various blockchain solutions is 6.6 billion USD!
Discover which five startup blockchain startups you need to look out for in 2021!
Stakin is an Estonian startup organization that works as an infrastructure operator for PoS public blockchains (also known as Proof-of-Stake public blockchains).
This company aims to provide safe, reliable nodes on certain PoS protocols. In order to do this, the organization uses Tier 3 and Cloud Colocation providers. That is what allows the blockchain delegators to make profits on their holdings. Moreover, they do so without any type of custody over their funds and amounts.
Additionally, Stakin also utilized hardware security modules or HSMs, live monitory tools, and sentry nodes to make sure that the validation operation runs smoothly without any errors. This blockchain solution also allows different people and organizations to hold up their blockchain coins and gives them a chance to earn their income.
This blockchain solution does this by temporarily locking or holding the individual’s cryptocurrencies.
SafePls is an Italian-based blockchain organization that helps you develop a digital platform to manage all your common business practice. The blockchain platform used by this company helps to keep documents secure, implement better traceability and conduct safer transactions.
Additionally, the organization also offers various tools that allow you to make “digital signatures” wherever necessary.
Spanish-based blockchain organization IBERIAN strives to enable independent investors and managers to get over potential challenges in the industry. That can include complex legal barriers, high costs, and so on.
This organization uses technology like Qubic Smart Contracts and IOTA Technology to provide secure, encrypted solutions for all those who use their products.
Similar to the previous startup companies, TimeChain also offers all blockchain development and research services. By doing so, they transform and improve the business of various companies.
The organization will first help you build a string POC (also known as proofs-of-concept). However, they also offer high-end prototype solutions, which are done with thorough research and development.
In addition to this, the company also aims to help other organizations thinking about using blockchain solutions.
Bizzllet is a German-based blockchain startup organization that helps to effortlessly manage, store, distribute and integrate the cryptocurrency files of various companies. The startup has created various virtual wallets to accomplish this, and they all have unique integrations based on their business requirements.
Additionally, this startup also does various testing experiments and sessions to help create and innovative ways to connect human-computer interaction.
In short, Bizzllet allows various organizations to easily bridge the gaps with the next set of new business practice systems and payments.
The trends of today’s technological world pass by us very quickly. Therefore, the only way you can stay ahead is by keeping in touch with the latest technological trends. If done the right way, these trends can impact your business and take them to great heights.
However, you can also follow the trends done by the organizations mentioned above to get innovative ideas and solutions.