Blockchain Technology Companies to Watch in 2017

in blockchain •  7 years ago 

Blockchain, the distributed ledger technology that enables major players in the FinTech world such as BitCoin and Ethereum, is spreading quickly beyond its roots in finance. 

Aeternity

The Aeternity (also spelled Eternity) Project has developed a solution for issues that networks like Ethereum and BitCoin are facing–most notably, transaction processing speed and network scalability. By establishing a network that handles all transactions and contracts in a state channel, the number of transactions that the network can process goes up exponentially. The contracts only touch the network when the transaction has been completed or in the event of a dispute. 

DFINITY

DFINITY is a revolutionary blockchain that utilizes an AI called the Blockchain Nervous System (BNS) in order to solve the issue of network guidance. The direction of the network is decided by the market. For example, when users dislike an action that the network has taken, they sell off tokens, which then decreases the overall value of the market. The network learns from the mistakes it makes and uses the market opinion to guide the growth and progression of the network. To address scalability issues, the DFINITY network stores information across the network in shards. 

ContentKid

ContentKid is a disruptive payments company that uses blockchain technology to allow for short-lived subscriptions to content that users may only need for a short time–an hour or a day–versus traditional monthly and yearly fees. Instead, it shares these subscriptions across users who only pay for what they need.  The solution is tied to the Hyperledger blockchain and helps to reduce fraud while also bringing premium content to the average user. Resource from https://www.dohrighat.com/top-10-blockchain-companies-to-watch/  

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Thx for the tips. There are more and more innovative blockchain-based companies entering the scene every month.