2 min read
Blockchain startups born out of Chinaccelerator Batch 13
In the fast-paced tech space, it is essential for startups to keep innovating and catching up with the latest trends. While the blockchain frenzy is still in full swing, it is inevitably becoming a new direction where entrepreneurs are turning their focus.
In addition to the general tendency to shift towards what’s popular in the market, the blockchain craze is fueled by its distributed nature, find opportunities where trust is a key factor. After years of technical innovation, developers are now looking to scale its application to power a range of different industries.
The idea that shared ledgers can incentivize users to secure digital relationships has triggered wild imagination from something as mundane as finance and rental economy to poultry breeding and dental care. Shanghai-based Chinaccelerator graduated its 13th Batch to offer its distinctive applications of the technology.
Dream – Freelancer Recruitment
With the globalization of talents, more and more startups rely on freelancers. Dream leverages blockchain-based verification of identity, work history and professional networks against real-time data of project outcomes to scope projects and connect the right talents with exciting teams. It learns from the outcomes of past projects to build freelance teams with the right skills and fit.
Company CEO Richard Foster is an entrepreneur who founded a financially regulated payments startup and successfully raised funding for it. He has 10 years’ experience consulting as a network architect in the finance and energy sectors in London and has been following and investing bitcoin, blockchain, and altcoins since 2014.
LiqEase– SME Liquidity
Globally, over 67% of small and medium-sized enterprises have indicated a need for liquidity. LiqEase digitizes assets using blockchain technology with the goal to reduce payment terms for SMEs in B2B trade and provide investors with the opportunity to profit from such a new asset class.
Sellers and buyers can manually or automatically upload their project-related information, such as invoice, contracts, and others. Both parties have to sign a transaction on a blockchain node with their individual private keys. After that, a token is automatically issued and listed on the marketplace. The sellers get the cash liquidity from the investor and transfer his account receivable as a token to the investors. The investor can trade or hold this claim to other investors against the buyer until the maturity date of the token. Upon the maturity date, the buyers are required to settle the payment.
LiqEase CEO and founder Tobias Pfutze worked as a business consultant at mediaman Shanghai. He holds a degree in Business Administration and has a strong expertise in Fintech.
Nusic– Digital Rights
While China’s demand for DJ music is rising, being an DJ requires costly training and sophisticated software that could demand tens of thousands of dollars. Nusic is an app that allows anyone to create original music content and share with friends. Nusic’s mashup technology processes multi-channel audio in real-time for the drum, the melody, etc., giving users the ability to create great-sounding mixes and mashups. The app is under internal testing and will be launched later this year.
“First and foremost, we use blockchain technology to secure the digital rights. I was a student studying media technology. When I first heard of blockchain, I thoughts that it’s a much more sophisticated way to ensure the digital rights could have a record. In addition, we have an in-game economy. We are looking to offer the credits and the currencies inside the game, where users could use and trade outside of the platform as well,” Nusic CEO Adam Place told TechNode.
Aam Place is a serial entrepreneur, musician and talent agent from the UK who has been working at the intersection of music and technology.