Here are the 5 selected startups of the acceleration program we launched with Deutsche Bank for blockchain solutions.
Blockchain technology has already shown extraordinary potential in its capacity to reconfigure economic, political, humanitarian and legal aspects of society. It is to be considered a new organizational model for research, evaluation and transfer of basically anything and is applicable to the coordination of human activity on a very large scale.
After launching a call for ideas in partnership with Deutsche Bank and screening hundreds of applications from all over the world, here are the 5 selected startups:
- AllBlock (Germany)
Its first commercial product, Verifyed, uses visual verification to extract and identify visual characteristics from documents and to produce a string of unique characters. By using a distributed ledger back-end, it establishes a permissioned shared directory and facilitates notarization.
- Finboot (Spain)
It uses smart contract technology to optimize standard contract operations between corporate parties or a corporate party and its clients. As a service, it is an aggregation platform to keep and manage smart contracts in one place.
- LendFlo (United Kingdom)
By using blockchain technology, it is able to improve the audit trail of invoice financing, reducing fraud, enabling instant settlement of funds using smart contracts, and creating a liquid secondary market for the buying and selling of funded invoices.
- RigoBlock (Switzerland)
Blockchain protocol that enables to create investment funds, customizable to fit the needs of asset managers and banks.
- Satoshi Systems (United Kingdom)
It is an integrated commodity supply chain, trading and financing platform. The blockchain technology optimizes the entire trade and commodity financing lifecycle flow for traders, financiers and warehouses.