At present the topmost priority for the United Nations Sustainable Development Goals is to provide legal identity to the entire world’s population by 2030. This is even more of an urgent matter as talks of new coronavirus immunity ID documents are going on. But 75% of the world population does not have bank accounts because they do not have any IDs (a valid passport, birth certificate, utility bill, or any other document for KYC [Know Your Client]) to complete the process.
A blockchain-based approach could be the kick start for unchangeable records. This would also neutralize the dependency on the central government to issue ID’s or intervene in this regard. Furthermore, blockchain-based start-ups are beneficial in tracking goods, keeping records online, and offering smart contracts.
With the European market rising with so many blockchain-based start-ups we bring you the list of the most promising ones:
Bankera is based in Lithuania and follows the vision of integration of traditional with cryptocurrency economy. The startup will focus on cost-effective solutions and intends to become a blockchain-friendly bank. They raised over €100 million in February 2018 via their Initial Coin Offering.
Colendi provides global finance passports to its clients. The company intends to become a source of democratic credit score evaluation based on blockchain technology giving the user IDs to serve as global financial passports. The aim is to help people with no bank accounts and provide small businesses access to micro-financing. Colendi managed to raise $2.3 million to date.
Bitcoin Up, a London based startup intends to become a safe foundation for Bitcoin traders, beginners and professionals alike. What sets this platform apart from other exchanges is that they’ve created an advanced software powered by the blockchain technology that predicts price fluctuations at an accuracy of 99.7 percent. Many beginners, new to the crypto trading world, have been encouraged to sign up to Bitcoin up, as this platform makes everyone a winner.
Another blockchain-based in Lithuania is DappRadar. With €2 million seed funding in 2019, it is on the list. Dapps are decentralized purposes running on peer-to-peer laptop networks. DappRadar tracks apps to filter pretend out and irrelevant activities thanks to the intelligence market. This is done by tracking Dapps (2,900 Dapps) across the blockchain.
Elrond plans to improvise the entire blockchain infrastructure as we see. It was…