Interesting startups to watch out in blockchain space – Part 2

Interesting startups to watch out in blockchain space – Part 2

Startups
December 11, 2016 by Hitesh Malviya
211
Blockstream blockchain

Before reading this, Check out first part of this blog

Riskbaazar itsblockchain

Company Details

Founder: Michael Folkson

HQ: SF, USA

Total Funding Received: Incubated

Website: www.riskbaazar.org

 

 

 

Services

Riskbaazar is building a peer-to-peer marketplace for risk contracts on the blockchain. RiskBazaar is currently building a platform that facilitates peer-to-peer wagers with pre-defined payouts, contingent on the occurrence of future events. We are also developing prototype risk contracts that include wagers, conditional payments and insurance contracts.

RiskBazaar allows any two individuals to enter into a contract that pays out if a specified future event occurs. For free and within seconds.

Business Model

It offers policyholders access to cheaper premiums, faster claim payments and insurance coverage that might not be available through traditional channels.

Technology Stack

Bitcoin Blockchain

Target Market

Peer to Peer Insurance industry

 

Inchain Blockchain

Company Details

Founder: Dmitry Lazarichev

HQ: London, England

Total Funding Received: DAO Investment

Website: https://ico.inchain.io/

Services

InChain is based on Ethereum blockchain. It implements insurance and insurance bond servicing mechanisms as smart contracts.

InChain provides tools for two user groups: those who own cryptoassets, like Bitcoin or Ethereum, and wish to insure their risks; and those willing to invest their cryptoassets in order to gain profits from the investment.

Business Model

Revenue source for inchain is coin offering and trading insurance bonds.

Technology Stack

Ethereum Blockchain

Target Market

Cryptocurrency exchanges

 

Blockstream blockchain

 

Company Details

Founder: Adam Back(Bitcoin Core Lead Developer)

HQ: SF, USA

Total Funding Received: 14.6 M$

Website: www.blockstream.com

Services

Blockstream’s primary area of innovation is in sidechains, a technology invented to extend the capabilities of Bitcoin’s blockchain. Sidechains create the opportunity for new models of trust, extending and improving upon the properties of Bitcoin.

Blockstream provides a range of software and hardware solutions and expert professional services to companies deploying new blockchain-based networks. Elements, our core software platform, was released as part of the open source Elements Project; it’s currently one of the most mature protocols for blockchain developers. Together with PwC and a growing network of partners, we combine our technical depth with world-class domain expertise to deliver solutions that cross industries and use cases.

Business Model

Blockstream plans to privatize sidechains through the limiting of the Bitcoin blockchain and generate revenue through subscriptions, transaction fees, support (consulting), and custom development work. Their first client as it turns out is major bank and financial firm, PWC.

Technology Stack

Sidechain

Target Market

Financial institutions

 

rootstock blockchain

Company Details

Founder: Sergio Demian

HQ: Argentina

Total Funding Received: 1 M$

Website: www.rootstock.io

 

Services

RSK is the first open-source smart contract platform with a 2-way peg to Bitcoin that also rewards the Bitcoin miners via merge-mining, allowing them to actively participate in the Smart Contract revolution. RSK goal is to add value and functionality to the Bitcoin ecosystem by enabling smart-contracts, near instant payments and higher-scalability.

RootStock is a smart-contract peer-to-peer platform built on top of the Bitcoin blockchain. Its goal is to add value and functionality to the core Bitcoin network by the implementation of sophisticated smart contracts as a Sidechain.

Business Model

Working with companies to integrate solutions, consulting fees.

Technology Stack

sidechain

Target Market

Virtual currency exchange, funds and trading platform, Enterprise apps.

21- The most funded blockchain startup

Interesting startups to watch out in Blockchain Space (Part-1)

 

 

Tags: Tags: how does the blockchain work, blockchain data structure, how does blockchain work, blockchain news, how blockchain works, blockchain database, blockchain technology, blockchain applications, blockchain explained, blockchain, what is a blockchain, blockchain com, blockchain app, what is the blockchain, blockchain startups

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