Mark Anderson
Blockchain technology, originally devised for the digital currency, Bitcoin, has found new applications in various sectors of the economy. It’s a type of distributed ledger that records transactions in batches, called blocks, across multiple computers in a network. This ensures transparency and makes the information tamper-proof. In this article, we will review a number of exciting startups, established in 2020 or later, that are leveraging the power of blockchain technology in innovative ways. All these trailblazing companies are based in York, the picturesque walled city in northeast England.
From digital real estate protocols to programmable creditworthiness, these startups are tapping into a range of potential markets. What sets these companies apart is their ability to adopt a relatively new technological innovation and apply it in unique ways to fill gaps in the market and create new opportunities for businesses and consumers alike.
The startups under review are not only diverse in their applications of blockchain technology but also in their geographical locations, proving that York is fast becoming a tech innovation hub.
Parcl
Parcl seeks to disrupt the real estate market by using blockchain technology to create a digital real estate protocol. The brainchild of Stephen Robinson and Trevor Bacon, this startup aims to make property buying and selling more efficient and transparent. You can find them on LinkedIn and follow their updates on Twitter @parcl.
Cipher Mining
Cipher Mining is an ambitious Bitcoin mining company with a goal to be the leading Bitcoin mining company in the United States. They combine cutting-edge technology, superior power purchase arrangements and an experienced management team to deliver their services to the Bitcoin network. To stay updated on their journey, visit their LinkedIn page or join their Twitter community @cipherinc.
Spectral
Founded by Sishir Varghese, Spectral offers programmable creditworthiness via its blockchain protocol. Through their Multi-Asset Credit Risk Oracle Score, they serve both individual and corporate users with on-chain credit scores. For more information, check out their LinkedIn page or follow them on Twitter @spectralfi.
Serum
Serum is a unique blockchain initiative creating an entirely on-chain cryptocurrency ecosystem. With a focus on trustless trading, Serum is bringing the power of decentralized finance to the hands of users. For additional details, you might want to check out their Facebook page: Project Serum or follow them on Twitter @projectserum.
Slope Finance
Founded by Leal Cheung, Slope Finance develops a mobile decentralized exchange and wallet. It allows for swift and smooth financial transactions with near-zero transaction fees. Find out more on their LinkedIn page or by following them on Twitter @slope_finance.
Notional Finance
Established by Jeff Wu and Teddy Woodward, Notional Finance provides a blockchain-based method for fixed-rate lending and borrowing. Visit them on Facebook, follow them on Twitter @NotionalFinance, or check out their LinkedIn profile for more information.
Zeta Markets
Zeta Markets has made its mark by creating an under-collateralized DeFi derivatives platform. For updates about this innovative firm, follow their Twitter @ZetaMarkets.
North Island Ventures
North Island Ventures, founded by Glenn Hutchins and James Hutchins, is a venture that focuses on various sectors including Blockchain and FinTech. Follow them on Twitter @NorthIslandVC or check them out on LinkedIn.
mrgn labs
Under the leadership of MacBrennan Peet, mrgn labs aims to democratize essential financial infrastructure. Visit their LinkedIn for more information.
Enzyme
Enzyme, founded by Teddy Pejoski, provides no-code access to Web3, enabling creators and businesses to develop and implement smart contracts. Follow them on Twitter @getenzyme or find out more on their LinkedIn.
HeyLayer
Co-founded by Alla Koretsky, Gary Riger, and Marina Romashka, HeyLayer simplifies access to essential technology by providing useful API functions. Visit their LinkedIn page, follow them on Twitter @heylayer, or check out their Facebook page for updates.
In conclusion, these startups have demonstrated how blockchain technology can be creatively applied to various sectors, reflecting the entrepreneurial spirit and innovative prowess of York’s tech scene. This exciting trend indicates a growing interest in the potentials of blockchain among new businesses, a development likely to inspire future innovation in this dynamic field.
