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With shipping and logistics market estimated to reach a whopping $15.5 trillion by the year 2023, ShipChain is another blockchain startup which is creating the next evolution of logistics. The company is delivering access to clean renewable energy from a mobile device in a wake to solve some of the world’s most pressing and humanitarian issues. ImpactPPA is a decentralized utility company which is creating a SmartPPA, i.e., smart power purchase agreement, to connect the blockchain community with the environmentally concerned and socially impactful projects that fuel the development of sustainable solutions.
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To show our dedication to the longterm growth of IOST, the Internet of Services Foundation is placing all 7.35 Billion IOST (35% of the total supply) reserved for the foundation in escrow until the launch of the IOST mainnet.
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This ensures that transactions are safeguarded, consistent and lightning fast while reducing storage, configuration costs and processing power for validators. A technological descendant of Ethereum, IOST wants to be the underlying architecture for the future of online services.Ĭontrary to the popular consensus algorithms such as the proof-of-work (PoW) or proof-of-stake (PoS) used to validate transactions on the blockchain ledger for most of the cryptocurrencies, IOST uses its powerful “Proof-of-Believability” algorithm. Internet of Services (IOST) is a new crypto token which is addressing the primary roadblock – the scalability issues – preventing cryptocurrencies from going mainstream. However, with a team of award-winning developers, blockchain experts and Fortune 500 shippers on board, Fr8’s blockchain network helps to streamline and organize this industry in a trustworthy manner. Last year in the US alone, trucks drove close to 29 billion empty miles. With the advent of globalization, the supply chain industry has become scattered and disconnected. Let’s cut through all this noise and focus on these 12 promising startups, which are disrupting various industries with the distributed ledger technology:įr8’s blockchain network is betting on the $13 trillion logistics industry by digitization of record-keeping related to the trade of assets. Amidst the market hype, there are startups which are harnessing blockchain technology to solve existing problems in innovative ways. With just two quarters into 2018, the total funding of $18 billion USD raised by the blockchain and crypto projects has far overshadowed the $6 billion USD raised in the entire of 2017. One such instance is of Block.one, the company behind the blockchain platform EOS, which has raised $4 billion through an Initial Coin Offering (ICO) and that too without even having a live product. There are numerous instances where projects have raised millions, and probably, billions in funding without even having a functional product. Institutional money is flowing into the ecosystem, even though many such projects have not delivered up to their expectations. To stay ahead of the curve, startups and enterprises all across the globe are tailoring their solutions to integrate this technology into their existing systems. Cryptocurrency and Blockchain have become the latest buzzwords of this decade.