How cryptocurrencies emerged ?

Few people know, but cryptocurrencies emerged as a side product of another invention. Satoshi Nakamoto, the unknown inventor of Bitcoin, the first and still most important cryptocurrency, never intended to invent a currency.

In his announcement of Bitcoin in late 2008, Satoshi said he developed “A Peer-to-Peer Electronic Cash System.”

His goal was to invent something; many people failed to create before digital cash. 

The single most important part of Satoshi‘s invention was that he found a way to build a decentralized digital cash system. In the nineties, there have been many attempts to create digital money, but they all failed. 

After seeing all the centralized attempts fail, Satoshi tried to build digital cash system without a central entity. Like a Peer-to-Peer network for file sharing.

This decision became the birth of cryptocurrency. They are the missing piece Satoshi found to realize digital cash. The reason why is a bit technical and complex, but if you get it, you‘ll know more about cryptocurrencies than most people do. So, let‘s try to make it as easy as possible:

To realize digital cash you need a payment network with accounts, balances, and transaction. That‘s easy to understand. One major problem every payment network has to solve is to prevent the so-called double spending: to prevent that one entity spends the same amount twice. Usually, this is done by a central server who keeps record about the balances.

In a decentralized network, you don‘t have this server. So you need every single entity of the network to do this job. Every peer in the network needs to have a list with all transactions to check if future transactions are valid or an attempt to double spend.

But how can these entities keep a consensus about these records? 

If the peers of the network disagree about only one single, minor balance, everything is broken. They need an absolute consensus. Usually, you take, again, a central authority to declare the correct state of balances. But how can you achieve consensus without a central authority?

Nobody did know until Satoshi emerged out of nowhere. In fact, nobody believed it was even possible.

Satoshi proved it was. His major innovation was to achieve consensus without a central authority. Cryptocurrencies are a part of this solution – the part that made the solution thrilling, fascinating and helped it to roll over the world.

What are cryptocurrencies really?

If you take away all the noise around cryptocurrencies and reduce it to a simple definition, you find it to be just limited entries in a database no one can change without fulfilling specific conditions. This may seem ordinary, but, believe it or not: this is exactly how you can define a currency.

Take the money on your bank account: What is it more than entries in a database that can only be changed under specific conditions? You can even take physical coins and notes: What are they else than limited entries in a public physical database that can only be changed if you match the condition than you physically own the coins and notes? Money is all about a verified entry in some kind of database of accounts, balances, and transactions.

How miners create coins and confirm transactions

Let‘s have a look at the mechanism ruling the databases of cryptocurrencies. A cryptocurrency like Bitcoin consists of a network of peers. Every peer has a record of the complete history of all transactions and thus of the balance of every account.

A transaction is a file that says, “Bob gives X Bitcoin to Alice“and is signed by Bob‘s private key. It‘s basic public key cryptography, nothing special at all. After signed, a transaction is broadcasted in the network, sent from one peer to every other peer. This is basic p2p-technology. Nothing special at all, again.

Blockchain Projects for supply chains

Supply chains refer to the network ok key players involved in an industry before you get a product for your consumption.

The party’s right from sourcing of raw materials, processing, packaging, and distribution involves the various parties.

Let’s take for example an apple from India.

A farmer does the planting, hiring laborers to spray, tend, and water the plants. When fruit is picked, it’s graded and packed for export. At the airport, there are the health inspectors and so forth.

So, the supply chain is a mesh of numerous interactions that support the sourcing, processing, and channeling of an end product, from points of origin to consumers.

One question: Assuming I live in the United States, can I tell the farm that produced the apple?

Can I tell the reputation of the health inspector at the ports?

Can I tell the time the fruit exactly left the farm?

You’ll answer no to most of this.

But, with technology, it is easy to get the yes’s for all the above!

The solution lies in exploring the solutions with immutable Ledgers. That’s where the Blockchain comes in. Beyond playing the core function of facilitating Cryptocurrencies, Blockchains have application capabilities that are limitless.

Here are excerpts from projects whose exploration domain zeroes on supply chains. But before then, what are the key problems that plague the supply chains that Blockchains can offer a superb fix?

  • Tracking Sources.

The ordinary massive production of goods makes it impossible to track product origins. Blockchain records make it a very easy task. In overall, the costs of tracking drops drastically and the changes appear in the form of improved customer relations. Great customer relations give value to the brand name which company’s struggle so much to retain at its best.

In a practical sense, a Blockchain-based supply chain system facilitates the tracking processes for the information through sensors attached to products or Radio Frequency Identification tags-RFIDs. This reduces the occasions arising for delays in paperwork as issues are identified and resolved faster.

  • Drastic Reduction of Administrative Costs.

The records within a Blockchain based Supply chain are reusable for different sets of queries. Being digitized enables real-time tracing while eliminating faults like duplication and mistaken records. The best leeway also comes at the points of payment.

Payments through Crypto are a great avenue for the supply model since it’s faster and accurate with little or no administrative backlog of both records and costs elements.  

The net effect is a chain with an improved inventory management system with minimized costs for courier services.

  • Trust Establishment.

One key factor in product and brand trust lies in stakeholders being able to share the standards of manufacturer’s technologies.

With Blockchains embedded in supply chains, transparency is reinforced from the value derived from data sets that are inter-operable, yet with high tamper-proof systems.  The essence of a supply management system is to evolve towards the reduction or elimination of frauds and errors.

Every party in the supply chain is generically invited to play safe and create value through utmost integrity, that yields trust across the entire chain and culminate into a win-win scene for the stakeholders which increases the factor of consumer vis a vis partner-trust

Projects with Blockchain Solutions to plugin to Supply Chain Shortfalls:

  1. Blocko
Blocko

Blocko kicked off with Coinstack and further explored and rolled out the Aergo Enterprise.

Aergo Enterprise is a Blockchain product with limitless possibilities for unlocking data silos while retaining very high levels of data integrity.

After intense efforts into the construction and design, the Aergo Enterprise is already rolled out; where existing customers will have opportunities to port their existing programs onto the new platform with ease. Aergo is a hybrid network of the Blockchain with complex and enhanced features for:

  • High standards of performance with reinforced data security and efficiency on consensus. As a point of departure from initial Blockchain products (Coinstack, Hyper ledger, and Corda), Aergo is not entirely private and that where its feature of being hybrid sets into open data silos. The open framework allows assets exchange including information products and registries for supply chains that are tokenized. The tokenization is attained using the Merkle Bridges, that  seamlessly facilitates B2B transactions within a “trustless environment”
  • Project scalability-by fostering ease of development. With it comes opportunities for expanded use cases for unleashing the value within each domain of applicability. Aergo makes it easy to develop and deploy on the Blockchain via custom tools.

With Aergo scalability, developers can create hashed algorithms from other independent Blockchain and port to the main Aergo Blockchain, still retaining the immutability of Aergo Public Blockchain.

At a glance, here are the features that come along with the Aergo Enterprise:

• Simple administration interface –  Aergo is easy to master with easy integration and porting of external Blockchain with simple clicks, easy-to-integrate, one-click provisioning of custom Blockchain. Aergo is easy to monitor, with its dashboard with menus to identify authenticities, single transactions, and blocked ones.

• Aergo has development kits similar to SQL/PL program and data manipulation handlers that facilitate integration with smart contracts and payments management. The management of nodes under Aergo is made simpler under the configuration and permission settings. You can adjust access permissions as well those for data deletion as well as management of documents.

• Support to Internet of Things.

Blocko made provision for its initial customers to migrate along into the Aergo platform. That meant large firms retained their customer bases. Essentially, the shift from Coinstack to Aergo was in a nutshell, an upgrade of features; the Blockchain remained the same across both.

A Use case for Blocko under the Hyundai Motor Group’s

Hyundai Motors has an ICT subsidiary under one of their MOUs with a prime purpose for tracking their inventory via Blockchain technology. The Blockchain project has been rolled out as a Baas (Blockchain as a Service) for keeping track of automobile parts and histories.

• In details, The Blockchain will show the details of previous owners, vehicle age since the year of manufacture as well as mileage at any point. Through the Blockchain and smart contract integration, users within the automobiles industry are targeted with a very easy to use platform showing automobile logistics, manufacturing of parts and tokens for the users.

Over time, Hyundai will extend performance to other fields with potential details. The data will assist in the management of vehicle lifecycles, UBI (Usage-Centered Insurance) and MaaS (Movement-as-a-Service).

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  1. IBM Food Trust

IBM Food Trust is built on the Blockchain. The benefits to participants are:

  • All the participants within the network get an opening to an ecosystem of food that is both smarter and safer. Users with authority to access the system instantly get their hands on data within the supply chain starting with the elements from the farms, stores and eventually the consumers.
  • In detail, all history and actual location of a food item can be gotten regarding the stakeholders. You can know the farmers, the processors, distributors/ retailers, inspectorate regulators and also the consumers.  It only takes an instant to access all the information uploaded into the Blockchain. IBM food trust also includes information regarding any certification within the processes.
  • IBM food trust works as a SaaS, which is Software as a service with a solution for trust. The aim is to foster the trust as opposed to creating a hindrance to it. In essence, safer food, longer product shelf life, lowered wastage levels, and traceability’s that is near instant.

IBM Food Trust – Working mechanism.

IBM’s Food Trust works as a systemized solution. It’s cloud-based on the IBM Blockchain. In the system, over a million food items have the data stored and accessible by being shared all across the Blockchain with the Hyperledger Fabric. Participants access the data in a shared, permanent, and transparent model.

Developers have shared that with the deployment of Blockchains, the average costs of a product being recalled can be reduced by 80%.

The challenge with fraud in the international food market is estimated to b range from $10-$15 billion every year. The main culprit being inorganic and cheap foods being presented to end consumers as expensive organic ones.

There have also been instances where meats from other animals have been packaged and labeled as chicken, beef or pork while in reality, they were not. IBM, therefore, creates a trustless sphere where consumers are at ease with access to the primary source of the product through its data. And that cascades uniformly through the various parties within the entire cycle of supply

  1. Waltonchain RFID
waltonchain  (WTC)

Waltonchain RFID is a project syndicating Radio Frequency identifiers and the Internet Things within the supply chains. Waltonchain refers to the interconnections as the Value Internet of Things (VIoT) in long, Value Internet of Things.

What challenges face the supply chains management that Waltonchain can offer solutions?

International supply chains are amazing, that’s why we have things manufactured from far ends finding a way into the lifestyles and economies around.  

The most are unfortunate thing however is that they are riddled with numerous inefficiencies. The inefficiencies range from communication challenges, fraudulent practices and unnecessary fragmentations within processes.

Most party actors adhere to internal processes and of course specialized Information Technology systems which have no form of sync at any stage. That creates silos of information that have no coherence, yet the product remains to be same. In the final end, you cannot tell with certainty if a product is an original or counterfeit.

The point is, with traditional fragmented systems, records are pretty easy to falsify and edit as well. Therefore, how can we get fault proof authenticity of goods in the market?

The contemporary tracking systems are okay but have lower effectiveness. In fact, that’s what has comprised the counterfeit product within the entire globe amounting to approximately $500 billion annually.

Waltonchain RFID comes in to inject the immutable nature of records that torrent along every stage of transition within the supply chains. The point of distinction between Waltonchain is the embedding of the radio- frequency technology. Its pioneer, Charlie Walton, invented RFID.

Virtually, Waltonchain deploys the power in RFID tagging as a means to trace the movement of goods across the globe. The embedding of the Blockchain facilitates a real-time variable where users can have all the data accessed at any time. Eventually, dissimilar ERP systems will be merged to project a single channel of authenticity among all the stakeholders.

The prototype for the Waltonchain RFID tag.

An inherent WTC token performs a pivotal role within the Waltonchain’s main-net, that’s within a system of governance. It warrants the forking of sub chains tailored for the specific needs of supply chain management procedures and end-user needs.

In summary, the merging of hardware, being the RFID tagging alongside the Blockchain and IoT is an idea that has been received with great optimism. Walton Chain RFID has every opportunity to succeed. In China, the partnerships have picked on well further beefing up the confidence of better supply management systems.

  1. VeChain
vechain  (VET)

What is VE (VeChain?)

Its platform with a design intended to inject efficiency into the procedures within a supply chain system. The main aim is to enhance the entire procedures. The gist with VeChain is the deployment of DLTs (Distributed Ledger Technologies) which are tamper proof.

Essentially, Product retailers and even consumers are able to gauge authenticity by tracking the logistics for inventory.  The cycle monitored starts with the end of production and streaks through the distribution channels up to when consumers receive the goods.

Bottom of Form

Development of the VeChain Platform

VeChain started simply as an ERC-20 submissive token by then called VEN. A rebranding of saw the emergence of VeChain Thor in early 2018.  

By August 2018, developers rolled out a Blockchain for it swapping initial VEN to the VeChain initial tokens.

Applications for VeChain

The main and potential use of VeChain is to weed out counterfeits.  The platform uses a program that is based on the Blockchain. It monitors products life-cycles and is able to track all the transactions related to an item.

The user just requires to scan the product code via the VeChain platform. You can then tell if for instance the Rolex watch is a genuine one or else. Vechain cases if use extend beyond the food industry to automotive and pharmaceutical

One key note with VeChain is that it’s a public Blockchain that is available for third parties to code and deploys some Daaps (decentralized applications)

The Working Modalities of the VeChain Verification Network

Every physical stock is fitted with a unique digital number for identification, that’s derived from the VeChain DLT system. All the unique digits are recorded within the system. VeChain also facilitates the NFC (Near field communication) system.  Users can scan the information on a product even when the physical location is not within proximity. That allows the monitoring of products that are sensitive to temperature changes like batches of perishable foods. The same can be attached to smart contracts which can trace the same temperature variables over periods of time.

The immutability of data entry by Blockchain technology facilitates the trustless system. The trustless element is derived from the fact that once data has been recorded, it cannot be erased.

How to add records To the VeChain’s Blockchain

Information is uploaded via the Proof of Authority Protocol that works via consensus. The VeChain consensus has an algorithm that has both centralized and decentralized input elements. The developers and managers have selected Masternodes which operate as part of their large clients. For one to be eligible as VeChain Masternode you require a minimum stake of VET tokens $25 Million, that’s approximate $ 85,000.00

The Masternodes will eventually be 101 in total, charged with validation of transactions.

For one to hold VET tokens, one creates an account by downloading a wallet supporting the token. They have wallets downloads both iOS and Google Play version that favors android users.  

After creating the wallet, a user can now buy and exchange VET tokens users must first create an account by downloading a wallet that supports VeChain.  

Every holder of the VET tokens is eligible to earn the VTHO tokens which are the currency that fuels the dApps within the network of VeChain.

Business Partnerships with VeChain.

VeChain has many partnerships, at present there is one   with Kuehne & Nagel, an International logistics firm, based in Switzerland. Another notable one is with PricewaterhouseCoopers (PwC), that’s one of the biggest four firms in the professional domain of accounting, audits, and assurance. Sure, board advisors under VeChain have worked for PwC.

The third partnership for VeChain is with the People’s Insurance Company of China (PICC), with an asset base of more than $126 Billion. It also involves the Government of China.

There’s a fourth Partnership for VeChain involving DNV GL a multinational firm for risk management and assurance.

Other notable ones are with China’s tobacco industry as well as the BMW.

  1. OriginTrail
origintrail  (TRAC)

Origin Trail is a Blockchain project for sharing data for supply chain platforms. It facilitates the sharing of data that is secured and transparent in a seamless way. Firms exploring it have an open platform to build upon their accountability, increase as well as secure brand efficiencies. The prime purpose of Origin Tail is to offer a protocol that is singly built on the Blockchain to offer seamless interactions for supply chains across the entire globe.

The premise in Origin Trail is based on two fundamental weaknesses of the conventional supply chains:

  • Fragmentation of data for supply chains, this renders collaboration between firms very tough.
  • The lack of a decentralized resolution for supply chains.

Origin Trail is deployed on the ODN (The Origin Trail Decentralized Network) Blockchain with supply chain data shared across several nodes in the entire globe. Node owners benefit from trace tokens for the process of handling and encrypting data for other users. Therefore the relationship between data suppliers and consumers is maintained via tokens.

The Nodes within Origin Trail receive the incentive and maintain the following features:

   Discovering & connecting functionalities

   Checking consensus for the Supply chains.

   Performing the quality checks for data this is inclusive of replicated records

The filtering, storage, management and relaying of data within the supply chain.

  1. Wabi
WABI

Wabi is a virtual token whose target is to offer safety for products channeled to consumers.

It has amazing abilities to integrate with third parties, where the token is authorized for transactions with loyalty tokens fuelling the sustenance of the entire system.

One applicability for Wabi tokens has been under the Techroch project.

Under Techroch, the application deploys as tamper- proof labels attached on the product, while the system pairs them with consumable goods. Therefore, the product is traceable at any time

With Wabi, key formulations of milk for human infants are protected. Wabi also targets to harmonize tokens from several other protocols with time.

Conclusion:

Human beings have always endeavored to make the world a better place. Since the internet revolution, many steps that been made towards making the dreams a reality. However, such has not been without setbacks due to unforeseen risks that pounce on the ambitious projects. The nature of supply chains is that data is fragmented within the individual stakeholders. With our trade going global, it creates a great impetus to explore technological solutions that that that embedded within them.

The Blockchain has been hyped as being the next huge revolution after that of the internet is here with us. Already, we’ve had its original proof via the Cryptocurrencies that have been around for a decade by now.

But, our question remains. Will the Blockchain offer the desired solutions with respect to the supply chain woes? What will change over the next decade? The curiosity of human efforts remains. Already, most of the projects have rolled out their value propositions via the white papers and followed that with setting up the usual stuff. The hardware, the coding and even the gospel of getting people from the conventional mindsets to accept the revolutionary Blockchain opportunities. A critical look at the Blockchain projects within the supply chains depicts a form of uniformity: there is the breaking up of data silos, reinforcing seamless access while at the same time maintaining the authenticity of users, products and of course the value creation.

The Blockchain projects have come at a great era already. Why? There are other adjacent technological milestones that have been achieved to a greater percentage. We already have seen their results. The internet of Things, Virtual reality, machine learning, and artificial intelligence. Blockchain app developers should leverage upon them and move the stake forwards.

Finally, the era of data silos in supply chains is outdated. The globe trade is all set to be it. Therefore the procurement industry and in specific the supply chains to be specific should not be left behind, at any step.

Blockchain Projects for Enterprises

Businesses of all sizes are making efforts towards unearthing Blockchain based apps daily. Blockchain App Development is the most trending tech domain recently along with Cryptocurrency Exchange Solutions

For instance, the market in real estates is now relying on the Blockchain to realign property rentals. All over the globe, users with excess energy are porting it via grids for others in need. Amazingly, there are Blockchain apps targeting to turn things around in the farming industry.

Businesses should not rely on fiction while taking on new technology applications. In essence, they need a solid platform that’s within their budgets, can handle increasing volumes while it can still foster other projects that are being conceived, at the minimum, it must be fully compliant with the set regulations.

At the moment, only a small fraction of the Blockchain projects meet the rigorous set of requirements for business use. Whenever a need is established, developers take action. It only requires a few companies with interest to spearhead a general acceptance.

Over the past few years, a few high scale projects have taken shape and are very ideal for the special requirements of enterprises. For every project, there is a special need that’s met and that makes up for the competitive advantage for the success of each, globally.

  • Cryptyk
Blockchain Projects for Enterprise

From detailed statistics, businesses taking on cloud storage spend $1 for it and end up spending $4 towards the security. Since 2015, heavy resources have been channelled into cybersecurity projects, contrasting sharply with the rising occurrences of data breaches (which have doubled) in the United States.

Cryptyk innovatively narrows down to the security of business data based on storage structures. It’s a deliberate move from the centralization of data by digital fences. Cryptyk does encryption, splitting, re-encryption, and then storage via 5 unique cloud services. The challenge posed for an attacker would be to penetrate all of the 5 systems to obtain any file that’s encrypted.

Cryptyk’s creates a layer of immunity within the system by typically killing the incentives for any unauthorized data miner. Again, it offers a real-time environment coupled with a customized security monitor to deter any access which can be tracked internally.

Cryptyk already has a prototype that’s functioning and already tested through by many users and hackers as well. Cryptyk’s token has a presale running from February 2018 to the end of August 2018. Find more about Cryptyk within cyber-security.

Factom

Blockchain Projects for Enterprise

Factom aims to restore trusts around the audits of precious documents ranging from the accessing of changes within digital documents; it weeds off counterfeiting by tracing the paper trails online. In essence, Fatcom offers a set of tools for enterprises to retain awareness of their files and therefore fosters the creation of a trustworthy system that’s transparent for the management.

Fatcom isn’t another Blockchain and the mode of operations relies on a layer of data that can perform on any other Blockchain app. Therefore, it takes on leveraging already existing networks to create more reliable networks within the company operations. Fatcom avoids bloat transactions that are a loss with most gigantic Blockchain apps; hence it’s very scalable while very cheap to roll out.

Factom has grown steadily. Their team offers 2 main products, dLoc which tracks physical documentation, and Harmony, for digital tracking. The original user case was within the mortgage industry with heavy adaptability for medical records, legal documentation, filming scripts as well as for employee’s information.

Factom offers a unique solution for the transparency in document audits, with the ability to influentially disrupt several disciplines.

Neblio

Blockchain Projects for Enterprise

Neblio is a Blockchain based platform purposely for business services and applications. It’s open source with key features being:

Ease of use with simple tools for APIs helping firms to code and use the next generation Daaps. It’s for easy to record, relate documents with IoTs while securely managing the identities and managing the legacy architectures of databases with speedy and very scalable un-centralized solutions.

Neblio started easily with an idea that firms can tap into Blockchain for an array of purposes backed up with manageable capital outlays, that allows a faster onboarding plus the benefit of promising ROIs

Neblio is compatible with multiple programming languages via APIs with great documentation for user and developer manuals that takes to onboard the needs of even small start-ups. The low learning curve offers Neblio a promising arena within the business world.

It great for proof-of-stakes and users can earn passive returns over the long term. Neblio is among the top projects to watch in June 2018, as a project with unbelievable amounts of drive.

VeChain Thor

Blockchain Projects for Enterprise

VeChain Thor is among the pioneer firms of the Blockchain; its focus is on information and products. Ideally, offering an ICO platform and Daaps that allow businesses to do business less the need for an intermediary. Therefore, the transparent arena phases out counterfeiters, fraudsters as well as instances of data manipulations. In essence, companies channel all their efforts into collaborative achievements.

The main application case of VeChain can be termed to as providing the supply chains for the Blockchain. VeChain turns things around bypassing the old ways of validating, sharing and allowing access to data in an uncentralized scenario. Any business that has an interest in the information entailing supply chains can manage that by use of private keys for access.

VeChain Thor has steadily garnered momentum over time with no symptoms of slowing down. Their partnerships link through continents, companies and governments as well. Some of the organizations included are the Oxford University Mathematical Institute and BMW. VeChain Thor has solid use cases and therefore forms a viable investment for either businesspeople or coin traders.

Stratis

Blockchain Projects for Enterprise

Stratis: had inception towards being an enterprise-alternative to Ethereum projects with a focus to offering a go-to Blockchain-as-a-service platform for financial firms, governments, and huge corporates. They would benefit from a stable, low-cost- decentralized system. The team has always focused on that.

One key feature with Stratis is the deploy-ability of smart contracts written in C#, which is a language with a knowledge base of millions in developers for business apps. Therefore, users and developers develop Blockchain content based on a language they all know and a workflow they’re accustomed to. The con is a C# developer is able to debug through codes and security scanning for .NET Frameworks and can verify a Stratis smart contract less any need for modifications.

Stratis attained an impressive milestone within 2018. That’s the launch of the  ICO platform, releasing the alpha versions for Smart Contracts written in C# language, that was backed up by the two key partnerships with promising massive business growth into the future.

Waltonchain

Blockchain Projects for Enterprise

Waltonchain project has great ambitious: connecting everything. It’s based on the Internet of Things (IoT) with radical steps in the recent past with a huge shift from physical to virtual ecosystems. The main challenge is trust versus centralization within enterprises by combining Blockchain and RFID tagging for massive integrations for objects and information to work seamlessly. That allows the tracking, monitoring, and management of both physical and digital items with great accuracy. The dubbed it is as Value IoT and is a revolutionary aspect on supply chains globally.

Waltonchain went online on March 31, 2018, with important partners like Huodull with a focus towards deploying a logistical platform.

Emercoin

Blockchain Projects for Enterprise

Emercoin is a platform offering wide varieties of services (DNS, SSH bridging, SSL infrastructures, magnet torrent-management, anti-counterfeits auditing, and others. It has an impressive tech-solution tree with an ultimate focus on secure data solutions for businesses.

Emercoin launched in 2013 with a promising future. Their roadmap featured new wallets which are escrow-less and with peer-to-peer transactions managing system.

Over the coming 3 years, Emercoin has plans to roll out a web browser. That will integrate the Lightning Network composed of an in-house Certificate Authority service.

Ontology

Blockchain Projects for Enterprise

Ontology is entirely a distributed ledger network derived from NEO Blockchain and targets to enforce an infrastructure with trust. They’ll attain that by harmonizing the peer-to-peer systems bringing together collaborative elements with identity verification and data exchange rolled out as a singular service.

Ontology network is meant public use but grapples with a focus on collaborativeness and low costs for enterprises. Essentially, cross-industries communications pose huge hurdles for trusted partners, and that raises the bar when decentralized environments come into the scene, where public access is core. The challenge with Ontology is to provide data security all across stakeholders.

Launched in 2018, Ontology offers a free ONT airdrop targeting NEO holders. They are growing with partnerships, revised roadmaps and already hit $1 billion market cap.

Dragonchain

Blockchain Projects for Enterprise

Dragonchain was conceptualized from Disney as an entertainment private Blockchain, it’s already gone open –source and placed under the management of Dragonchain Foundation as a Not-for-Profit.

2 main factors with Dragonchain are:

Ease of deploy-ability of smart contracts, and

The coin-agnostic ecosystem.

Developers use several programming languages to do smart contracts. They include, NodeJS, Python, Java, C#, and Go. They can be exchanged flexibly by use of DRGN tokens being the medium of exchange. It focuses on enterprises and smart contract developers, deriving advantage from Disney’s market. It’s promising, being very fast, low in cost for smart contracts with a focus on user –ability; it’s likely to gain huge traction over time.

Ubiq

Blockchain Projects for Enterprise

The blockchain is yet to reach full exploration. New tests are ever churning out ideas and rolling out over numerous industries seeking viable options, always.

Ubiq is more than careful. It’s a smart contract platform as a fork from  Ethereum. Ubiq, however, has no room for hard forks; hence their Daaps can run flawlessly indefinitely.

Ubiq is business driven with great stability for little overheads. It hosts wonderful projects and with more partnerships could be the frontier in smart contracts.

Syscoin

Blockchain Projects for Enterprise

Syscoin is not smart contract oriented; it’s a simple solution for currency transaction problems. It’s a decentralized service allowing instantaneous purchases with little or no fee and therefore accommodates businesses and individuals.

Syscoin decentralized marketplace is its core, resembling the Ebay or Amazon. You can buy, resell, and get encrypted messages and arbitrated escrows.

Syscoin is rising since 2014 and recently deployed Syscoin 3.0 with more markets and prevents double spending instances.

Parting Thought

Enterprises have nothing that fits all especially with Blockchain. Why some value costs over stability, others go for security at expense of speed. The Blockchain is versatile enough to offer all these in one package.