Top 5 Ambitious Blockchain Projects
Blockchain projects have often been regarded to as a gamble, considering the fact that we’re talking about an industry, which doesn’t yet have an absolute future. Regardless, while blockchain technology isn’t mainstream, it’s worth pointing out that so far, more than $1 billion has been invested into its future.
So far, developers and investors from all around the world were quick to find out that blockchain technology can help out with a lot more than simply revolutionizing the financial system, given the fact that it can create a trust system, where ‘transactions’ of all kind can be verified and kept secure at all times. Therefore, so far, the blockchain network has great implications in numerous industries, including financial, identity, intellectual property, energy, government, supply chain, infrastructure and more.
In this article, we’ll be discussing the top 5 most valuable, and ambitious blockchain based projects present on the market at this time, apart from Bitcoin, in which the market is already pretty well-versed about.
Since its establishment, Ethereum has had its very own ups and downs, but the project can be regarded to as the key towards unstoppable smart applications, but also smarter money. With this in mind, it represents a decentralized platform whose purpose is to run smart contract, which are basically applications that have the possibility to run exactly as they have been designed, without dealing with censorship, downtime, or third party interference. Most of these appsrun on custom-built blockchains, which are huge, shared, global infrastructures that cannot be interfered with. Therefore, developers of smart contracts can move funds, create markets, and carry out numerous other tasks, without needing a middleman, or facing any form of third-party risks.
Apart from this, by using Ethereum, crypto assets can also be created and stored via the Ethereum wallet. The purpose of Ethereum-based currencies is to pay to deploy and use many of the smart contracts that the platform facilitates. Therefore, regardless of whether you want to start a project by using a trustless crowd sale, create an autonomous and democratic organization, design your own crypto-assets, or build a next-level decentralized application, Ethereum can help you.
If you’ve been following recent crypto and blockchain news, then chances are that you have heard about Hyperledger. While it isn’t a project all on its own, Hyperledger represents an open source-based effort based on collaboration, which is meant to allow developers to create advanced, and multi-industry blockchain technologies. Based on this aspect, it is more of a global form of collaboration that is hosted by the Linux Foundation, but also by some of the world’s biggest leaders in niches such as the supply chain, technology, manufacturing, finance, banking, the Internet of Things and more.
More or less, the Hyperledger project can be referred to as a next-level implementation of blockchain technology, which will fund many of the future’s blockchain-based apps and solutions. Most of the project’s success is based on both the support and contributions of its developer community, alongside with the backing, member companies. If you have an idea or capital, then getting involved shouldn’t be much of a problem.
Blockstream has often been described as a company that is currently working on numerous projects, one of the main ones being helping the acceleration of cryptocurrency-based projects, alongside with smart contract and open-asset technologies. Since it appeared on the market, Blockstream has been busy launching numerous side chains projects, but also Liquid, which is a product meant to help speed up transfer times between the world’s bitcoin exchanges.
Not long ago, Blockstream has managed to attract roughly $55 million in their Series A funding round, which will likely help the company further strengthen its protocol, while also helping bring the projects that they’re working on to the next level. One of the other great projects that Blockstream has been working on represents the Lighting Network, which is basically a project which will theoretically help move smaller bitcoin transactions faster from the blockchain. This could lead to even faster confirmations alongside with lower fees as well. Apart from this aspect, if applied, the Lighting Network will also reduce the number of transactions being carried out on the bitcoin blockchain.
Lisk’s main mission is to help users code, deploy and then simply use their own decentralized application, all on the Lisk network, which is also achievable given the rich toolset being used.
Ripple’s main mission is to help revolutionize the world’s current financial market, while also enabling what they refer to, as the ‘Internet of Value’. As global commerce israpidly evolving and most businesses are becoming global, user expectations are also quickly growing. The current international payment infrastructure is inadequate when it comes down to filling the news needs, which is where Ripple comes in. The company is currently working with banks, and trying to implement smarter blockchain-based technologies that can transform the ways in which money is sent and received throughout the world.
Therefore, the Ripple project is meant to enable banks to send real-time payments internationally, and across the network, while also facilitating access to direct bank-based settlements, speed, a lower cost, and a real-time traceability of all funds being sent.
Based on everything that has been outlined so far, it is very likely that we’ll hear from these companies and projects again in the foreseeable future, as they work on improving the way we network and do our finance on a day-to-day basis, while also working to attain a more efficient world.