After a year of changes and innovation, we prepare for what is coming this 2020. The massive adoption of cryptocurrencies and blockchain continues its course while thousands of projects and platforms emerge to provide services that use the latest technological innovations. Based on the trends of 2019, we created a list of the projects that promise stand out this 2020.
Bitfoliex – Finance
It started as a virtual cryptocurrency wallet. Now, they are developing several projects and alliances to become a complete online financial platform combining fiat money with cryptocurrencies. Although it is a new project (launched at the end of 2018), bitfoliex has had exponential growth and a wide range of acceptance among users and new members of the cryptocurrency community. In mid-January 2020, they had more than 900,000 holding accounts. In addition, bitfoliex created a referral program that rewards TXT Airdrops to members who refer people to the bitfoliex community. The program rewards the users that refer as well as the users who accept the invitation by creating and verifying a new account in bitfoliex. The community strength of this financial platform is reflected in the referral program, the number of constantly growing users, and the continuous presence of the project in multiple professional blockchain and cryptocurrency events around the world.
Factom is one of the first enterprise-level Smart Contract platforms that has been launched and has been running since 2014. Despite being one of the first blockchains with the capacity to host Smart Contracts, FCT has failed to gain momentum since Ethereum became the preferred application for developers of smart contracts and Dapp. However, it seems that Factom maybe a sleeping beast that has just woken up. In November 2019, Factom won a $ 200,000 grant from the U.S. Department of Homeland Security (DHS) to help fight import fraud and verify the digital identity of importers. This is their second reward from DHS Silicon Valley Innovation Program. Likewise, the Bill and Melinda Gates Foundation also awarded Factom a grant of half a million dollars in 2016 to finance the development of a prototype of a digitalized medical record system for those living in remote regions.
A new mobile application called Thank My Farmer based on blockchain technology will allow consumers to know the origin of the coffee they consume in order to understand its origin and quality while supporting the Latin American grain farmers. This was reported by IBM to Cointelegraph in Spanish on January 6. In detail, Farmer Connect is a traceability platform that has been developed in collaboration with entities present in the global supply chain such as Beyers Koffie, the National Federation of Coffee Growers (FNC) of Colombia, ITOCHU Corporation, Jacobs Douwe Egberts (JDE), The JM Smucker Company, Rabobank, RGC Coffee, Volcafe, Sucafina, and Yara International.
Powerledger is a fast-growing technology startup that has developed a first blockchain-enabled energy trading platform to make energy markets more efficient. They help people make energy transactions, trade with environmental products and invest in renewable energy. This company also received worldwide recognition for its technology including Sir Richard Branson’s International Extreme Tech Challenge in 2018. Powerledger software is currently being used in several countries including Australia, Thailand, India, Japan, and the United States.
The crypto and blockchain platform Socios.com has signed several partnerships with sports teams including the Juvetus football club. These two giants joined forces to create the Juventus Official Fan Token. They offer members a platform where fans can interact and give their opinions in a more real and democratic way. The CEO of Partners, Alexandre Dreyfus, commented that the goal of this new platform is to attract more than 50 football clubs to create the largest global football community in the world and thus demonstrate the security and trust of blockchain and cryptocurrencies.
We urge not to lose track of these projects because they are here to stay and to revolutionize. The year 2020 promises a larger technological community with more and more people wanting to invest in and learn about blockchain and cryptocurrencies.