What are startup and blockchain? Are they related?
Startup - is a business structure based on revolutionary innovation, the purpose of which is to solve a specific problem by providing a new product or service in an environment of extreme uncertainty. Startups have a purpose to solve problems that, over time, become possible with the help of technological progress.
It is exactly true to think that startups are just young companies.
What is blockchain?
Blockchain - is a distributed decentralized database that forms a continuous chain of blocks of information. These blocks store important information and data. For cryptocurrencies, these are usually coin transactions between users. All data in the blockchain are interconnected, and each block is sequentially connected to the previous and the next, and therefore the information in the blockchain cannot be faked or changed.
Are the startups and blockchain related?
The use of blockchain is currently very popular for different types of startups!
With the growing popularity of cryptocurrencies, many blockchain-based startups have emerged, the so-called blockchain-related ones. The explanation for this is very simple - startups are often considered as means for investment or fundraising for the implementation of a certain idea. At the same time, in working with high-quality startups, both investors and organizers of this project can get profit. It's a kind of teamwork. Even the emergence of Bitcoin, one of the most popular cryptocurrencies in the world, can be considered the first blockchain startup in history.
The reliability of information within the blockchain is also very important. The blockchain network, like the information stored in it, does not belong to any specific person with the ability to make random changes. All information recorded in the block is automatically checked by other users. An up-to-date copy of the current blockchain is saved on the computers of each of the participants in the process but without the possibility of making adjustments to the already existing blocks.
Today blockchain technologies have become so popular that they are used in various spheres of business and life. For example, in medicine, politics, logistics, gaming, gambling, education, data storage and protection, environmental protection, fighting global crises and cataclysms, marketing, etc.
A particularly important role for startups aiming to help the environment. The topic of eco-conscious consumption and environmental assistance is now more relevant than ever. While humanity has already managed to cause significant damage to the environment, “green” activists are desperately fighting to improve life on Earth.
In this case, blockchain is exactly what helps to find emergency solutions for large-scale problems.
The greatest examples of blockchain startups transforming the environment:
Anti-global warming fight with Poseidon Foundation
The Poseidon Foundation, a non-profit British foundation, is dedicated to fighting global warming and climate change. This organization is studying the possibilities of blockchain in solving the problem of harmful emissions into the atmosphere. The fund's mission is to enable consumers to take into account the carbon footprint of their purchases through blockchain by integrating the costs of POS carbon emissions. This is done to make people more aware of their carbon footprint and reflect on the consequences of their actions. The main call is to encourage donations to environmental projects.
The next level of tree-farming with SeeTree
SeeTree - is an agrotechnical company specializing in tree growing. The company is digitizing farm trees to optimize plant health, save water and significantly reduce costs, thereby increasing the fruitfulness of these trees.
SeeTree was founded in Israel (Tel Aviv) and works with numerous farmers-partners all over the world. SeeTree company has a big team consisting of several data scientists, agronomists, foresters, and drone operators. It uses military-grade drones, ground sensors, artificial intelligence (AI), and machine learning tools to create an intelligent picture of the tree's health and productivity.
3D printing with Essentium
Since its inception, this Texas-based startup has received over $22 million in funding. The company is engaged in helping the US Air Force to 3D-print spare parts. Airplanes used today are mostly older than 10, or even 20 years, parts wear out, and the manufacture of new ones requires significant costs and time frames.
In contrast, the time it takes to 3D print spare parts for the many types of parts that can be printed is measured in just a few hours and is significantly less expensive.
Anti-ocean-pollution with Plastic bank
The plastic bank is globally recognized as one of the most important solutions to combat plastic in the ocean.
It works on the principle of converting waste into currency. The main goal of Plastic Bank is to stop the flow of plastic into the ocean to stop the suffering of marine life. The company aims to operate in third world countries. People can collect, sort, and deposit used plastic in exchange for currency, electricity, cooking fuel, or personal care products. The plastic collected through The Plastic Bank is recycled for further secondary sale.
This order of things can help people living in poverty build a better future, as well as pay extra attention to ocean pollution that is getting worse every year.
Charity with BitGive Foundation
BitGive's mission is to harness the power of Bitcoin and Blockchain technologies to improve public health and the environment around the world. Unfortunately, many people are stopped from the charity by mistrust and fear that the money will not go where it was planned. The high accuracy of the blockchain data will help you make sure that the fund is in good faith and where you invest your funds.
If you want to try charity with Bitcoins but do not own any cryptocurrencies - it’s not a problem. You can buy or exchange different cryptocurrencies for traditional (fiat) or cryptocurrencies on popular cryptocurrency exchanges. For example, you can exchange EUR to BHC, or ETH to BTC, or any other combination of your choice. A small but important advice in choosing the cryptocurrency platform — make sure it’s supported by strong Know-Your-Customer practices and reliable relations with regulators and financial institutions. In that way you’ll know that the exchange is reviewed by the regulatory body and your data and funds are safe.
The future is NOW!