Blockchain for Startups
“Blockchain”, the concept itself turned into an overnight internet sensation among the tech community. Everyone turned curious about what the technology really constitutes with.
When one side people opinions about blockchain having no future, there exists another side where individuals eagerly invest in the newborn craft understanding its potential and significance in a future run. As we all know, every technological disruption is considered as the key to startup success. Every startup looks for that kind of technologies which can be an open door for research.
Startups are in the hunt for blockchain technology in a way of thinking that, the first mover could unleash the vibrant scope of the blockchain. In the secondary note, startups are keen to adopt blockchain for the reason that existing technologies are already run by technological giant’s successfully and startups are deprived of infrastructure facilities as they do have. So the only means left for startups is to attain the next level i.e. the adoption of those technologies which is way out of everyone’s league.
Moreover, blockchain is one of the prominent technologies which have a lot of potentialities and research scopes. More than just development, blockchain technology is still mysterious about its wide ability. Startups around the world are curious about the different nodes of blockchain which can be further leveraged. The vibrant and dynamic characteristics of blockchain technology help the existing startups to combine them with other emerging technologies. Nowadays the most desired technologies adopted by startups are blockchain with artificial intelligence.
AI is getting more power through the integration with blockchain. Startups around the world are concentrating on upcoming technology instead of the existing one. According to a NASSCOM survey, the blockchain technology is capable of integrating it with many other technologies like machine learning, big data, artificial intelligence and more.
The prominent reason why blockchain gets so much of hype when it comes to startups is as follows: At the early stage of bitcoin, most people doubted about its access ability, but now owning a bitcoin meant maximum financial stability. As days pass by, startups are engaging in the activity of unlocking the mainframe usage of it. Even though they are saying, they just concentrate on blockchain instead of crypto, every startup is launching their own cryptocurrencies keeping in conscious that their tokens could get universal acceptance.
The reason why startups are adopting blockchain:
1. A large amount of money pump, ex, ICO, STO, Airdrop.
2. Immutable transactional nature.
3. Easily integrating with other major technologies eg. AI, big data.
4. Elimination of large human play.
5. Usage of cryptography for security purposes.
6. Cryptocurrency accesses.
7. Complete Digitalization.
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Originally published at https://www.blockchainexpert.uk.
