If you’ve made it to this page, you’re probably well versed in the ways Project Verte is using blockchain to instill trust and transparency into e-commerce. (And if not, treat your eyes to some word candy here!). But, as much as our mothers’ insist otherwise, we’re not special little star bursts. Blockchain first made its mark as the system underlying Bitcoin and other cryptocurrencies, and now tech companies are spreading it to other industries. Curious about the diverse applications of blockchain? Look no further. Here are 4 companies using blockchain to change the world.
With a few exceptions for the biggest cosmopolitan areas, the African nations are largely isolated from the rest of the financial world. The majority of the continent boasting 1.2 billion inhabitants trades in cash, which limits trade growth, both within the continent and across the world.
BitPesa is looking to change that. The blockchain based app has built in foreign exchange and business-to-business payment features, providing cryptocurrency liquidity for individuals and institutions across Africa. The company has its biggest operations in Kenya, Nigeria, Tanzania, and Uganda, and supports payments to at least 85 countries including the United States. The startup has traded over half a billion dollars already, and will be making big moves in 2020.
Have you ever wondered, “what difference will my donation really make?” Well, Alice has the answer. It’s a financial platform for measurable impact projects. They’re designed to help impact investors, governments and nonprofits fund projects with fully tracked impact data and low transaction costs. It brings a whole new level of transparency to the charity world, and helps transform dollars and cents into social impact in a concrete way that’s easy to track. They make it easy for anyone to create a social impact app, spreading goodwill across the globe.
Golem is distributed supercomputer that allows anyone to tap into the power of a global network of computers, from individual laptops to entire data centers. That means anyone can take on huge projects, like simulating a neural network or sequence DNA, by using shared computer power to process tasks 12x faster. It’s a powerful decentralized network of one of the most crucial resources of modern times.
What’s even cooler? The company really walks the walk. They’re so committed to transparency and decentralization that they’re own Trello boards and Github are prominently linked on their homepage alongside the company blog.
Ever since Napster was just a gleam in Sean Parker’s eye, there’s been an ongoing conversation about how the streaming revolution will affect musicians’ ability to get paid for their work. Mediachain, a blockchain for the music industry, is tackling the problem by using smart contracts to get musicians paid -- on time, and in full. (Smart contracts are blockchain enabled contracts across industries that enforce themselves in real time. So if you don’t know, now you know.) Spotify bought Mediachain in 2017, which makes this writer feel a lot better about paying $10 a month for unlimited song access. As the name suggests, mediachain is applicable beyond music, and aims to create more authentic connections between audiences and creators of all kinds.
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