Blockchain companies that has taken the lead in revolutionizing certain sectors through blockchain technology kenechukwu ndumanya Follow Mar 4 · 4 min read

The inception of blockchain brought about many innovation and better opportunities across the globe by transforming the way businesses work. Blockchain is one of the fastest-growing technologies in today’s digital world that have come into the spotlight in the last few years. Undoubtedly, we have heard that this technology has revolutionized finance, real estate, and many other sectors. significant number of industry sectors has resolved to adopt blockchain technology to mitigate its problems and this number is only likely to increase in the future.

The blockchain companies below elites that are using the technology to develop new products and services aimed at challenging established industries

HR / FINANCE : CHRONO BANK

Chronobank is a fintech company providing blockchain-enabled solutions at the intersection of human resources and finance. The company’s LaborX platform connects workers and hiring managers using digital smart contracts, computer protocols that can negotiate and enforce worker-employer agreements. These contracts define workers’ scopes of work, handle disputes and make payments. Chronobank’s PaymentX app assists with cryptocurrency payments to workers, and TimeX is the company’s peer-to-peer trading system.

REAL ESTATE/LAND REGISTRY: CHROMAWAY

ChromaWay is a swedish blockchain technology company. Since 2014, chromaway have been developing and refining industry-defining blockchain technology platforms. chromaway have been contracted by government and institution around the globe on the need to facilitate land registry / real estate process through blockchain technology. The Inter-American Development Bank (IDB) has engaged ChromaWay on a two-year project in Bolivia, Peru, and Paraguay on an initiative titled “Distributed Ledger Technology (Blockchain): The Future of Land Titling and Registry.”The primary goal of the project is to evaluate how blockchain technology can contribute to solving some of the most pressing problems of land administration in South America. Another prestigious client to add to their bustling list of international government-based clients was Australia NSW LRS.

ChromaWay has offered similar services in Sweden, which is where the blockchain start-up originates from. Their service came to light in 2014 when the company began forming a working relationship with the Swedish Land Registry. The Indian state government of Andhra Pradesh also partnered with ChromaWay to build a blockchain solution for land registry system to mitigate fraud.

GAMING WORLD: DREAMTEAM

DREAMTEAM, located in Santa Monica, California is an e-sports platform leveraging blockchain to help gamers form teams, improve their play and manage contracts and sponsorships. The company’s DreamTeam Token is used as a method of payment for gamers and a smart contract mechanism between teams, managers and sponsors.

Industry impact: The DreamTeam e-sports management platform supports gamers who want to practice their skills, create teams or look for endorsement deals for games like League of Legends and Counter-Strike: Global Offensive. The company will soon release unique platforms that support players for Fortnite and Overwatch.

HEALTHCARE : MEDCHAIN

MedChain is creating a new healthcare ecosystem enabling a secure dApp infrastructure for health record storage. Patient dApps built on the MedChain platform are being developed for iOS and Android smartphones, tablets, and desktop. Their goal is to provide users with the most up-to-date information, including medical test results, medical history, and documentation that patients are entitled to under HIPAA and EMR guidelines.

Founded: Nov 15, 2017

E- COMMERCE : AORA

AORA is a blockchain-enabled global buying platform for cross-border ecommerce and end-to-end crypto shopping. The platform lets users based anywhere in the world to purchase items from online marketplaces in the U.S. and China, using cryptocurrencies as tender. This is made possible by AORA’s role as an intermediary, purchasing items on behalf of the user and handling the logistics of ensuring the items get purchased and shipped. Because the U.S. and China are the two largest exporters of consumer goods, AORA has leveraged the universal nature of cryptocurrencies to make these nations’ consumer economies more accessible to those living outside their borders. The AORA social network also allows users to share their thoughts and discover goods that are hot in the streets.

Date Founded: March 1, 2018

CONCLUSION

The real disruption here is that trust is established through collaboration and code, rather than a central authority. So you no longer need a bank to make a money transfer around the world. You no longer need an escrow account to buy a home, or a real estate agent to facilitate the transaction. You no longer need a company or central authority to facilitate a transaction of any kind. That is revolutionary and has the potential to revolutionize nearly every industry

These are just some of the industries that are most likely to see significant disruption from blockchain technology.