Impact of Top Ten Blockchain Companies on Fintech In 2019
There is more to blockchain ventures than Bitcoin and Ether. Many companies have adopted distributed ledger technology hence enhancing the anticipated rapid growth of blockchain to over $60 billion by 2024 and starting in 2019.
Blockchain technology is widely used by global industry titans such as IBM and SoftBank and by thousands of innovative companies across every industry.
The impact of blockchain technology is particularly felt by the accounting industry as it provides accountancy-based solutions.
Accountants are now adopting it also and such innovations as small business accounting software, online accounting software, free online accounting software, and other business accounting software are a testament to the fact that accounting and blockchain are getting rapidly intertwined.
In fact, MyBooks, a QuickBooks alternative, is one of the leading industry experts in this field.
Companies Adopting BlockChain Technology Today
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DAAC
This is the world’s first content-based blockchain company that features identity and access management at an infrastructural level. It aims at revolutionizing the digital content and media industries, as it offers users full control over content creation, access, and storage.
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FCOIN
FCOIN is a decentralized and fully transparent cryptocurrency exchange company based in China. It is a unique blockchain company that bases its operations on a mining and profit-sharing mechanism that will return up to 80% to the community.
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ADBIT
ADBIT token is the world’s first blockchain-powered media planning and buying platform for traditional media (including print, TV, radio, and out-of-home) assets. ADBIT alongside CIINCH was created solely to help automate the multiple layers of manual processes that currently plague the industry. Unfortunately, traditional media has failed to innovate and adapt to the current state of our age. However, ADBIT and CIINCH aim to bring these processes into the present.
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PATRON
This is one of Japan’s leading blockchain companies. Currently, they are building a decentralized influencer-marketing platform to eliminate inefficiencies in branded content and social media.
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CELSIUS NETWORK
This FinTech startup is primed to disrupt traditional banking in no time. Celsius Network with their beautiful borrowing and lending platform allows users to earn up to 5% interest on their crypto, while taking loans at 9% interest, using their crypto as collateral.
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TRADOVE
This is a fast-developing and recommendedB2B blockchain payment network for international transactions. TraDove B2B social network connects corporate buyers and sellers with faster discovery and better transparency.
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MENLO ONE
This is a framework for building decentralized applications with the speed of traditional web app. Their proof-of-reputation algorithm is an innovation for DAPPS, as is the speedy, decentralized database and cross chain nodes at the center of its tech.
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GAMEFLIP
This is an online marketplace backed by Silicon Valley Venture Capital. It permits gamers to transact any type of digital goods and currently has 3 million members. Gameflip has successfully hit its token sale hard cap, hence, the FLP utility token can now be used to transact digital goods within the Gameflip marketplace.
Related Article: Popular Blockchain Games to Play and Earn
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BUDDY
Buddy aims at becoming the backbone on which talented programmers can build world-altering blockchain technology and off-chain apps and services.
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GOLDILOCK
With this innovation, individuals and institutions can now secure digital assets in storage that is physically disconnected from the Internet. Goldilock security is airtight, hence, enabling a robust cryptocurrency key custody and storage of sensitive digital assets.
Cryptocurrencies are going mainstream but they are not all that blockchain is about. Blockchain is more than ideas about Bitcoin. Business accounting software like online accounting software, free online accounting software, small business accounting software and many other QuickBooks alternatives come within the definition of the block chain technology and are beginning something of a revolution that saves both time and cost.
