IBM Shines the Spotlight on 10 Blockchain Startups Partaking in Its Business Acceleration Program
The last several years have brought a lot of attention to blockchain technology, as well as its potential use cases. While most of the use cases remain theoretical due to several issues, researchers and developers are constantly discovering new ways in which blockchain can impact the world, and solve large problems.
In the enterprise world, particularly, the success of any blockchain project grows significantly if the emerging startup manages to partner up with a large, established corporation. One example of this is IBM, which has been partnering with multiple new firms all around the world.
The company has an IBM Blockchain Accelerator program, which helps startups grow rapidly, with proper funding and professional assistance. This will not only help the projects grow and achieve their goal of solving various problems, but it will also create a prosperous ecosystem which can help the economy grow.
In fact, IBM has also recently announced several startups that are participating in their network acceleration program.
Securitize is a project dedicated to creating and managing security tokens on the blockchain. Securities are growing increasingly popular these days, which is why Securitize's Digital Securities protocol has received a lot of support and a large adoption rate.
During the growth program, Securitize plans to focus on corporate debt tokenization, which is estimated to be an $82 trillion market, on an annual basis.
Lucidity is a blockchain startup that focuses on marketing analytics. The company has already become known for providing transparent ad measurements to large brands. Lucidity wishes to enforce measurement standards in the advertising industry, which is known to suffer huge losses due to fraud.
Some estimations claim that their losses include around $50 million every day. To do this, Lucidity employs blockchain technology, and it plans to become the protocol of record in online advertising.
TigerTrade is a startup that that focuses on trading excess season merchandise of large retail brands. The company does this with a lot of success by targeting new, emerging markets where the competition is low.
They recently launched a blockchain-based trading platform for authentication of vendors, merchandise, and payments, which also has a shipment tracking feature.
Phunware is a project that uses an integrated enterprise software platform for mobile devices. The platform focuses on providing different firms with solutions, products, and even data and different services.
All of this is needed for large firms to understand, manage, engage, and eventually monetize their mobile app audiences. With its Loyalty blockchain, Phunware can help different brands create numerous categories that provide information regarding mobile experience, which should provide firms with valuable insight into customers' needs.
5) Connecting Food
As the name suggests, Connecting Food is a firm that wishes to revolutionize the way supply chains work by using blockchain technology.
This will bring transparency to the process, and customers will always know where their food came from, as well as its quality. The company already works with several grocery retailers in Europe. Furthermore, the firm provides a non-stop digital audit which proves that the quality of the products never drops below certain criteria.
All products are confirmed to be GMO-free and organic before they get registered on the blockchain, and enter the supply chain. Finally, those who use the company's smartphone app can scan the products' QR code and see all the information regarding its origin and quality.
Ferrum is a Canada-based blockchain company that focuses on equipment leasing. The company aims to increase transparency in the industry, and it already works with numerous sectors, including agriculture, technology and construction, transportation, energy, and the public sector (schools, hospitals, universities).
Bandwagon is a startup that focuses on ticket authenticity. There is a large problem in the world with scams regarding tickets to various popular events.
Because of this, several projects like Bandwagon decided to try and use blockchain technology to establish authenticity of tickets, and manage identities of those who purchase them. Furthermore, the company aims to help event organizers with maximizing their earnings by increasing event attendance and engagement of fans.
IPwe is a project that aims to deliver the first patent platform based on blockchain in the world.
This is imagined as a place where everyone involved with patents and patenting can come to interact, assess patent portfolios, buy or sell license patents, and more. The company also has additional services planned for the future.
MetaMe is a smart data marketplace and a wallet that allows users to become owners of their own online information. It does this by employing AI, and allowing its customers to create value by using their data alone.
The project's largest innovation is Universal Smart Data objects which they call metaPods. Simply put, this is an asset class of data, which is completely decentralized, private, containerized, and compliant.
The company is dedicated to creating a health insurance blockchain network which will include insurance firms, various medical devices, hospitals, an more.
Finally, there is Credly, which aims to help various organizations recognize the skills and abilities of individuals. It is a company that aims to use blockchain to connect people and provide new opportunities for those with talent and capabilities.
The company is working with IBM on creating a professional credentials network that is based on blockchain technology, and IBM itself already uses Credly's services .