Blockchain technologies have taken the world by storm. Cryptocurrencies, immutable ledgers, and new forms of authentication are leading the way for a decentralized future. Although this revolution is digital, these advancements are affecting tangible products, commodities, and assets alike.
Orthogonal Collective – Cannabis
Orthogonal Collective is a socially conscious holding company for cannabis businesses. The collective mirrors Y Combinator’s curated accelerator for startups and incorporates the business model of the multinational conglomerate holding company, Berkshire Hathaway. The collective aims to provide a new approach to investing that administers vital resources and strategic capital to cannabis companies who have the potential to make positive impacts on the world.
The company is changing the cannabis landscape through its Aina token. Aina is a security token that provides owners with a fractional share of the Orthogonal Collective. Therefore, token holders possess a portion of the holding fund, accelerator space, and operations. More importantly, token holders are a part of an effort to advance the world through cannabis.
GraphenTech – Graphene
Graphentech is developing proprietary technologies that will enable affordable graphene manufacturing on an industrial scale. Graphene may sound foreign, but for those in the materials space, graphene is being called a world-changing material. GraphenTech focus on two main products, Graphene Oxide (GO) and Reduced Graphene Oxide (rGO). GO, and rGO are the most demanded products on the market due to their versatility, they have many different applications including electronics, energy storage, material composites, medicals, and more.
GraphenTech is bringing graphene to the world through its 77G token. The 77G token is the first cryptocurrency in the graphene industry; it was made to support production and enable public participation in the upcoming graphene revolution. The coin serves two chief purposes: the first is to fund the development of proprietary technologies, allowing the mass production of graphene at economically feasible prices. The second is to enable public participation in the graphene market by allowing 77G holders to purchase exclusive graphene-based products.
Golem – Supercomputers
Golem is a global, open source, decentralized supercomputer that is accessible to the public. The technology receives its computing power from a combination of decentralized machines including small PC’s, large PC’s, and entire data centers. Through its feature set, Golem creates a decentralized sharing economy and supplies software developers with a flexible, reliable, and cheap source of computing power.
Golem is built on the Ethereum network and is powered by Golem network tokens (GNT). For individuals to use the Golem supercomputer system, they must pay GNT tokens; in return, individuals who have rented out their own computer’s processing power will be paid in GNT tokens.
ECO Coin – Sustainable Assets
ECO coin is a unique convergence of economics and sustainability. In essence, the company has created a token that is backed by sustainable assets. The coin is intended to compensate individuals who complete sustainable actions; these actions include eating meat-free meals, switching to a green energy provider, riding a bike, or planting a tree. Individuals are compensated based on the type of ecological activity they do; the idea is that some sustainable actions require more time and energy, and ultimately have different impacts on the world.
In addition to their token, ECO Coin has developed a sustainable marketplace. Once individuals have earned ECO Coins, they can use them to purchase ecological experiences, services, and goods. According to ECO Coin, coins are stored in special digital wallets accessible through a web browser at first then through a mobile app.
Blockchain technologies are changing the world around us. Companies like Orthogonal illustrate how cryptocurrencies can serve as a new type of financial asset and fundraising tool, while companies like GraphenTech and ECO Coin are developing entirely new economies via their platforms. Blockchain technologies are not even ten years old yet–these new technologies and economies still haven’t reached their peak, and the best is yet to come.
Can you think of other groundbreaking products and/or services that are utilizing blockchain technology? Let us know in the comments below.
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