It feels like there are more cryptocurrency companies on the scene than ever, so which ones are worth paying attention to in 2018?
Here are the top ten picks:
Securrency has used blockchain technology to construct a platform for trading not just cryptos but almost any kind of asset, including traditionally illiquid ones. Assets are traded as Securrency tokens, which can represent everything from Bitcoin to real estate shares. Smart contracts ensure all trades are transparent and secure, and KYC/AML compliance, along with most other mandatory regulatory procedures, are handled automatically within the platform, protecting investors from shady deals. Because Securrency can be used both with traditional securities assets, new ICOs, and cryptocurrencies, it provides an ideal bridge between the old financial world and its high-tech future.
Deedcoin is going to save a lot of people a lot of money the next time they sell a home. Deedcoin tokens can be used with partner Deedcoin agents (available in all 50 states). Instead of the usual six percent commission charged by most realtors, Deedcoin agents only charge one percent, and they accept payment in tokens. This means sellers keep 99 percent of home sale proceeds, and because the number of Deedcoin agents is deliberately kept only at the level needed to serve the market and no higher, participating agents still make money by saving on advertising and outreach.
3. Muirfield Investment Partners
Muirfield Investment Partners is a private equity real estate investment firm doing work across all real estate sectors. Their specialty is flexible, creative, and scalable financial solutions for both their sponsors and investors. This means they’re a major player in the cryptocurrency world as well as the real estate landscape; their financial tools and ecosystems cover cryptocurrency products and exchanges.
Utopi uses blockchain to tackle some of the major transparency issues that have plagued the nonprofit world. Too often, donors hand over funds and afterward realize they’ve been put toward a less-than-noble purpose, such as a charity founder’s hefty salary. When users donate with Utopi, the exact use of those funds are immutably documented, and Utopi runs on Dispatch protocol, rendering transactions efficient and scalable for large-scale philanthropic use.
5. Nano Vision
Nano Vision is rumored to be launching an ICO in 2018, which is great news for the world of healthcare research. Nano has partnered with Arm, one of the world’s top semiconductor companies, to develop NanoSense chips: AI-powered computer chips smaller than the head of a pin that can collect molecular-level data in healthcare devices, research environments, and pretty much anywhere else. The chips store data on the blockchain while minting Nano token cryptocurrencies. Then, a machine-learning AI data analytics program combs through that data to recognize trends and point to areas for research and breakthroughs.
6. Internet of Services
Among top concerns for the long-term viability and success of blockchain applications is the technology’s ability to scale to accommodate mainstream use, but the Internet of Services (IOS) promises to change that. The IOS is “an innovative and secure blockchain paradigm designed to provide horizontal scalability and high transaction throughput. By implementing our novel sharding architecture and consensus mechanism, the IOS system is able to process up to 100,000 secure transactions per second,” explains the whitepaper. If crypto is ever going to reach its fullest potential, it will be because companies like IOS are solving some of the technology’s greatest barriers.
Neo has gotten a lot of press lately, and with good reason. As their government looks to crack down on all cryptocurrency exchange, journalistic sources such as The Daily Dot have speculated that Neo might emerge as the only cryptocurrency to survive in China. Neo’s unique smart contracts system allows users to form scalable contracts and applications using existing codes such as C# and Java. The system’s Delegated Byzantine Fault Tolerance consensus protocol allows the system to stay healthy even when malicious nodes are present.
As much as security and trust have been hyped as the central functionalities of cryptocurrency, the reality is that the online wallet services many crypto buyers use are not highly secure. Trezor is one of a handful of companies providing true “cold storage” for crypto buyers. A piece of hardware that can only be connected to the internet through USB connection to a computer running transaction software, Trezor provides safe storage for keys and access information for crypto assets.
This Estonian startup Agrello was founded by both lawyers and IT experts. Their blockchain technology uses smart contracts to establish legally binding transactions. The platform formalizes multi-party agreements simultaneously in the blockchain and natural language agreements, tying the legal and blockchain systems together. Agrello also provides an AI entity for each user that manages your contracts, identifies your rights and obligations, and can be automated to execute some contractual actions.
Ripple is another company that’s gotten a ton of press recently and promises to be important in the crypto landscape in 2018. Industry observers are excited about Ripple’s exchange platform, which uses a HashTree protocol rather than blockchain to move massive amounts of value quickly and efficiently. Many banks have struck agreements to use it, and it’s one of the crypto platforms that’s received the most mainstream acceptance.
Which crypto companies are you excited about in 2018?
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This article was updated March 2; a previous version incorrectly stated Ripple has been listed on Coinbase.