Cryptocurrencies are popular, and so is the blockchain, since it is the root of every cryptocurrency there is. Actually, you literally just have to add “blockchain” to your company’s name to make it out of sudden the trendiest startup on the market.
A blockchain startup is very profitable
The blockchain is now famous thanks to the cryptocurrencies, but it’s not limited to this use, and its core functioning was quite revolutionary. For short, a blockchain is made out of blocks, which are stacks of information, and every block in placed one after another in a chronological order. The world of internet and mobile applications, among others, are interested in the blockchain technology for various reasons, and for example, it doesn’t rely on servers for its storage, but on a Peer to Peer network.
Thus, your applications whose components are in the blockchain are safe from issues such as the server being down for maintenance. Also, since all the data are encrypted, your users’ information are safe like never before in the blockchain, since the latter is not controlled by a company of any sort, and are very hard to hack. The Internet of Objects is one of the interesting ways to invest into the blockchain, if you ever intend to launch your own startup.
One of the most prolific blockchain company on the market right now is the Ethereum, which is known for its cryptocurrency but not only. It was the first blockchain company to allow people to use it for purposes other than a virtual currency. Such companies intend to reshape the internet, and as an extension, the world itself, since most of our existences are linked in one way or another to the web.
Actually, even just the word “Blockchain” itself is profitable
The world is going nuts for cryptocurrencies and blockchain, so much that they tend to run toward anything that has a slight link to them. The interest for these words as research terms on the internet has dramatically increased over the year. Some companies chose to make subtle changes in their name to include the word “Blockchain” in it. It might seem like an action that doesn’t pack weight at all, but in the short term, it brought numerous advantages to those who did it.
Only to name a few, the vaping company Vapetek decided to change their name to Nodechain, and the result was a rise of their popularity during the next weeks. In Russia, when some restaurants decided to propose cryptocurrencies related menus, the number of their customers increased thanks to that decision, because they buzzed on social networks. In the UK, the shares of the On-Line PLC Company rose from merely $19 to $110 within hours, just because they mentioned a potential addition of the word “blockchain” in their name.
Should you add “blockchain” to you company’s name?
If you know how to make use of the word “blockchain” for you activity communication, you can sure take part on the craze surrounding the cryptocurrencies and its core. You can see that the slightest action taken can bring fast and interesting results. But you have to be conscious that such frenetic interest won’t last forever, and if you want to make some change that could be consistent, the time to do so is now.
Also, it’s possible to easily literally implement the blockchain into your activities. If you own a startup that runs a mobile application, you can use the Ethereum Blockchain or any other to store some of the information need for the app to work properly. Next, you can make an official statement that you use the blockchain technology, and just that would have a positive impact for you, since people will talk about you, even if it’s just for few hours.
