The speed with the development of modern technologies is accelerating rapidly. It takes more than 20 years that Internet become popularized. But it just takes 5 years that from the blockchain 1.0 which is based in currency to the blockchain 3.0 like EOS which is cored in dapp. The subsequent development of altcoins in vertical fields just like the internet companies which is spring up like the mushroom.
Document Source
Perhaps the blockchain becomes internet-like is because of the “Internet Thinking”, Everyone wants to be the entrepreneur, but the competition is cruel. However, the idea is always there, the question is who can be the first one that makes it come true or better. Here are 6 altcoins that develop in the vertical field which I will introduce to you:
Document Source
1. Insurance field — Aigang
Blockchain 2.0 provides a platform for smart contracts which embeds software code that contains defined rules and can execute code based on these rules. And this creates a decentralized autonomous organization (DAO), which can function without staff. It greatly expands potential applications beyond digital currency, especially in the financial industry.
Document Source
The following part is that Blockchain is beginning to be applied in the insurance field. Aigang provides a new distribution and payment method for the insurance sector, increasing the effectiveness of pricing, claims processing and fraud detection, which is suited in the IOT field.
IOT has shown a rapid growth and is expected to surpass $75 billion in 2025. It provides an emerging market for auto insurance. Because these devices can detect the damage and take the initiative to file a claim. For example, if a broken smartphone can’t detect a functioning microphone.
Document Source
2 . Golf field — Golfcoin
Just like its name, Golfcoin is used in the golf field, and it will be the first digital currency that used by golfers, clubs and golf courses in the world. Although the specific participation method is only limited to wallets, the vertical development of sports from this large field to the precise field of golf has already represented the direction of blockchain. Maybe the education currency such as CampusCoin will become “mathematical currency” or “physical currency” one day.
Document Source
But the problem is that there is no white paper on the official website until now, and there are only a few scattered articles and introductions. On May 10, the official website announced that the development team will join several researchers related to the golf industry and the financial sector. So, let us look forward to the development of this currency.
Document Source
3 . Charity field — BROTHER
If you dare to think, there is nothing you can’t do. You may not think that the blockchain has been extended to the charity field. BROTHER is a blockchain platform related to charity. Its goal and significance is to create an international ecosystem for the implementation of humanitarian operations in the charity field to ensure assistance to those in need. It is a convenient tool for benefiting the society.
Document Source
It is also a blockchain about wallet. And BROTHER has its own association, an international encryption community that brings together developers, investors, active players and regular users. The aim of the association is to create a comfortable, confidential and friendly environment for the development of its own encryption projects and cryptography.
Document Source
4 . Music field? — Songcoin
A cryptocurrency with song industry. It forked from the Litecoin, and also used in wallet. Remember, songcoin is just a currency about wallet, money, cash, but not technology, song, and Rihanna.
5 . Agricultural field — AgrolifeCoin
Maybe there is no one can predict that the blockchain has touched the agricultural field, and how they do it? The answer is not wallet, it is POS mode.
Document Source
AgrolifeCoin is a promising currency in agricultural field. Because by 2050, food demand will increase by 70%. Compared with the share of agriculture in the GDP of developed countries, the proportion of developing country banking loans to agricultural loans is much smaller. This limits the investment of farmers and agricultural enterprises in agriculture. This also shows that the loan barrier is not due to the lack of liquidity in the banking industry, but because of the lack of willingness to expand agricultural loans. So, Agrolifecoin can be more hopeful development because it catches this point.
Document Source
After all these currencies, which one is the most promising coin in your mind? Please write it in the comment area.
Note: This document with all the information in it is shared here to boost our knowledge of cryptocurrency , the original document can be found in Document Source
THANK YOU FOR VISITING MY BLOG TODAY!!
I AM STILL YOUR BOY @MBJ
