With the Crypto sphere under a sustained period of pressure over recent weeks, it is important to both realise and appreciate the top (…and upcoming) blockchain projects which already provide real world value… and which are deemed to be around for a long time to come, long after the anticipated crypto apocalypse and the disappearance of the notorious scam coins.
Rotharium is a project highlighted a number of times recently. Having met the guys from CryptoFuture (RTH is a product of CryptoFuture GMBH) and since having listened to their plans along with their recently announced sales partnerships with Microsoft and QBS (and now an official partnership with Trend Micro), their project has developed at an impressive pace. They are delivering on their Whitepaper promises and reported some interesting developments over recent months. The EBI ERP Interface roll out at Gitex Dubai has been highlighted across the blockchain airwaves along with exciting announcements regarding the Rotharium Platform & Wallet. Aside from this, there has been the potentially huge Food Tracing product – Not featured in the Whitepaper, but a sign of the delivery focused… and dynamic thinking of their talented team.
Again, we are eagerly awaiting info on the Rotharium Wallet which is scheduled for release in December 2018. Impressive features include zero transaction fees, the lack of reliance on blockchain scalability (and the resulting fact that you can receive tokens within seconds) and the refreshingly useful fact that the blockchain ecosystem does not limit the number of transactions between Rotharium Wallets – Extremely useful for cash strapped SME’s.
Watch this space for further positive announcements from Rotharium.
Basic Attention Token – A Brand New Internet
A native token operating on the ERC-20 standard which can be used for transactions between every type of party imaginable. BAT has as its main goal to provide quality advertising permissions to the blockchain and it wants to do this by offering BRAVE, a browser based on Chromium which is claimed to provide the ultimate user experience for both advertisers and general users alike.
Brave is essential for the use of the BAT token… which is used to pay people for creating content. This is a unique model which has the capability to compete with Facebook, Twitter, Youtube among others. With this token, the middlemen are cut out of the deal… with the currency instead going directly to the advertisers who publish content.
BAT is potentially HUGE! However, it will need to compete with the likes of Facebook and Google… which is no mean feat. I like what we see and, like many others out there, am quite confident about its future prospects!
Factom runs with the mission of “making the world’s system more honest and transparent” and has a history that goes back to 2014, when their CEO, Paul Snow, and Chairman of the Board, David Johnston, first discussed the idea. Coding then began soon after and since then Factom has gone on to build several business solutions that center around blockchain ledgers.
Factom’s open-source platform allows anybody to build applications that can suit all kinds of organizations, from enterprise to government. They’ve taken the effort to allow integration with previous legacy systems, which is an essential feature given that most of their target users will already have huge amounts of data.
Factom’s speciality lies in offersing solutions for quality control, auditing, loan / document authentication, identification and Near Field Communication (NFC) services. Its already clear how several of these features (combined) can ease workflows for several kinds of industries, including shipping and logistics, manufacturing, intellectual property management, and real estate.
The team has 2 products available for use at the moment: Factom Harmony and dLoc. The first is aimed at the mortgage industry and makes use of several of Factom’s features.
dLoc was created in partnership with Linxens. This product uses NFC to let users share and store documents with other nearby devices in real time.
The audience for this product is any service that requires KYC documents — a record of information stored on the blockchain ensures that fraudulent documents cannot be used. DLoc uses an inlaid NFC chip that stores data about the particular record.
Clearly Factom isn’t the only project employing NFC and blockchain in general to combat fraud and counterfeiting, but its range of products and application in several industries makes me quite optimistic about its potential.
Factom launched the fully decentralized protocol in May 2018, the platform is now setting its sights on developing more products. In time, we expect to see more developers build them.
Lets see how these 3 quality projects fare in the coming months… Im excited about the long term potential of all.
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