Blockchain as a Solution in Various Industries

When talking about business optimization or fundraising for recently-established startups, blockchain is the right word for new opportunities and workable solutions. Nowadays, implementing blockchain technology can help leverage key company resources. Blockchain and its transparency have become widespread in the financial system, though other systems and industries have not been left out: voting, marketing, hedge funds, security, advertising, education, forecasting, etc.

Top Industries for Launching Your Successful ICO Project

An ICO, or Initial Coin Offering, has recently become the most profitable way to raise money for the launch of your project or startup. Many companies ingrain blockchain technologies into their startups to raise venture capital, creating considerable revenue for the future. If you would like to familiarize yourself with the framework for launching an initial coin offering, read Applicature’s research here.

Let’s investigate the industries that are perfect for sustained ICO campaigns.

TOP ICOs in industry

As you can observe from these diagrams from ICO Watchlist, the financial industry is at the top of the list. ICOs have already been penetrating the financial sphere for some time now. The adoption rate of ICOs and blockchain in betting and gambling is unexpectedly low; these innovations are not commonly used to increase profits in this sphere. An ICO launch also can be beneficial for the following spheres of everyday life: healthcare, real estate, data analytics, logistics, and entertainment.

Top ICOs in Industry and Their Successful Campaigns

Choosing a project or startup for investment purposes should be a lengthy and complex process. To speed it up efficiently, systematize your decision-making and apply objective criteria. In order to fulfill all needs and requirements, it is essential to carry out a thorough investigation.

Let’s analyze some of the most successful recently-established ICOs. The most important criteria by which we will be guided throughout this research include the following:

General product overview The token from a technical perspective WP analysis Team experience Roadmap Total amount raised

Computing & Data Storage: FILECOIN

1.General Project Overview

Filecoin is a decentralized storage network (DSN) that earned its place at the top of the ICO list by breaking fundraising records during the ICO phase. The main principle of the Filecoin network is as follows: a user stores data and buys tokens for this purpose, and a miner gets tokens for serving the data.

Token sale: 10 AUG — 8 SEP 2017

The protocol consists of four main components:

decentralized storage network (DSN)

novel proofs of storage: proof of replication (PoRep) and proof of spacetime(PoS)

verifiable markets

useful proof of work based upon proof of spacetime that stores data in the network.

2. The Token from a Technical Perspective

Token symbol: FIL

Token type: ERC20 Standard Token

ICO token price: 1 FIL = $0.75 USD

Current price: $9.10 USD (9.62%)

Fundraising goal: $40,000,000 USD

3. WP Analysis

The Filecoin white paper is well organized. It explains the DNS construction, and all protocol principles (PoS and PoRep) are overviewed in comparison with each other.

Smart contracts in Filecoin, integration with other systems, and ongoing work are predetermined.

4. Team Experience

The team consists of members of Protocol Labs, famous for developing protocols and systems to improve internet technologies. Juan Bennet, CEO at Protocol Labs, is a computer engineer who earned a master’s degree in Computer Science from Stanford University and has extensive experience in the field of IT technology.

5. Roadmap

The team developed a separate document to describe the roadmap of the project. All of the timelines are clear, and separated into the four quarters of the year under subheadings: 2017 Q1, Q2, Q3, and Q4.

6. Total Raised

The results have been tremendous: during the ICO, they raised over $257 million of a $40 million fundraising goal in USD, ETH, BTC, and ZEC!

Finances: QASH by Quoine

1.General Project Overview

The Quoine Liquid Platform is a trading platform that provides different financial services for fintech projects using QASH as a payment method. Quoine has already developed two of the world’s largest cryptocurrency exchanges, QUOINEX and QRYPTOS. Now they are establishing QUOINE LIQUID, a global liquidity platform for the QASH token.

The QASH token will make a profit for the crypto economy, as it can be used on all Quoine platforms. The goal of the project is to establish a complete financial ecosystem, with the token used as the primary payment method.

2. The Token from a Technical Perspective

Token symbol: QASH

Token type: ERC20

ICO token price: $0.31 USD

Current price: $0.617553 USD

Fundraising goal: 50,000,000 QASH

3. WP Analysis

The WP document explains all the objectives and principles of the project. There is a section devoted to the QASH token sale, in which users can find all of the necessary information about the tokens and their two main functions: tokens can be used for payments and be traded on token market. The process of participating in the token sale is also described in detail in user manuals.

The competitive advantage of the platform can be found in its team, product readiness, compliance, security, exchange, and banking relationships.

4. Team and Experience

The Quoine team is highly professional; the figures above demonstrate this fact. The company has been in operation since 2014, engaged in crypto and blockchain technologies. The Quoine corporation is a fully-licensed cryptocurrency exchange, and the highest level of trust results from all aspects of compliance. The team includes a strong network of directors and investors with extensive experience in business management.

5. Roadmap

2017 was the most active year for the Quoine corporation. Japanese license registration and a successful token sale became the key events for the company. Moreover, the team has a well-defined plan for 2018: the official launch of QUOINE LIQUID and the acquisition of a full banking license.

6. Total Raised

The team successfully raised 350,000,000 QASH during the token sale.

Virtual Reality: Enjin Coin

1.General Project Overview

Enjin is a large gaming platform providing users with the opportunity to implement and manage virtual goods. The gaming industry is rapidly increasing in popularity. Gaming cryptocurrency on the blockchain platform can bring this industry right to the top. For instance, gamers can receive tokens as a reward, or purchase or exchange them for updates or goods for the game. Blockchain can be also used to record players’ scores or store gaming data. The campaign includes a bounty program, sponsorships, etc.

The team has even worked out their own Enjin Smart Wallet for crypto assets, which users can download on the official website.

2. The Token from a Technical Perspective

Token symbol: ENJ

Token type: ERC20 token

ICO token price: $0.03 USD

Current price: $0.107266 USD

Coins can be minted or exchanged. They can also represent game items, or be used as rewards.

3. WP Analysis

It is worth mentioning that the white paper for the Enjin token project perfectly defines all of the goals, strategies, and principles of the project. The Enjin coin was created on the Ethereum blockchain to be used for gaming purposes. The Enjin coin can be used for virtual goods on the blockchain, where users exchange, buy, or store their digital assets with the help of the Enjin wallet.

4. Team Experience

Enjin’s team consists of experts in software engineering, business, and blockchain technology. Maxim Blagov, CEO and cofounder of Enjin, is a specialist in the video gaming industry with 15 years of experience in creative direction, project management, and UX design. Witek Radomski, CTO and cofounder of Enjin, is a professional software engineer who launched the Enjin Coin currency implementation and integration within the online gaming ecosystem.

Team member Anthony Diiorio, founder of the Jaxx blockchain wallet and Decentral, is also one of the founders of Ethereum.

5. Roadmap

The development roadmap started with the pre-sale event from August 21 to September 15, 2017 (38,800 ETH raised). The public crowdsale was held October 3 — October 31, 2017, and the team raised 75,084 ETH.

2018 is full of development and product management events. For example:

Efinity research & development

iOS Enjin smart wallet release (pending Apple approval)

EnjinX Blockchain Explorer release (Web)

Unity SDK MVP & demo

Minecraft Plugin MVP & demo

Internal coin exchange currency API

Enjin wallet audit security report

ENJ at GDC 2018 (Game Developers’ Conference)

6. Total Raised

38,800 ETH were raised during the pre-sale, and 75,084 ETH during the crowdsale.

Recently, distributed ledger technologies have been used as a solution for various projects across all possible industries. Trust in blockchain and cryptocurrencies is becoming more established, as it provides great opportunities to create a robust project or upgrade an existing one.