Startups in the Face of Failure
Blockchain technology opens up a new world of innovative solutions for various industries to tap in and improve their operations more than ever. The unique features of blockchain which have drawn global attention to the capabilities and suitability of the technology are decentralization, transparency, and traceability of records. The technology can potentially cut down economic wastage in business operations, eliminate data silos in various departments within same organization, speed up business processes, and improve company revenues significantly. Today, there are thousands of blockchain startups that have raised funds, attempted to raise or plan to raise funds through initial coin offerings (ICOs), security token offerings (STOs), and initial exchange offerings (IEOs). A Bloomberg study showed that 80% of startups fail within the first eighteen months of take off, even a significant percentage of ICOs fail. For example a study revealed that 50% of tokens launched in 2017 have disappeared with only a paltry 8% making it to exchanges. According to Techcrunch, more than a thousand cryptocurrency projects are dead. These statistics show that, whether blockchain-based or traditional, most projects actually fail to survive and thrive in a competitive market and economy due to several factors.
The loss due to such business failure or bankruptcy can be so devastating to investors. A robust business model and structure that offers protection and reduced risk to such devastating capital loss is holding company. Little wonder many giant companies such as Berkshire Hathaway, Alphabet, JP Morgan Chase, General Electric, Bank of America, and Loews are formed as holding companies. A holding company is one which owns shares of other companies which it then controls. Though nascent itself, the blockchain industry is cluttered with lots of blockchain-based projects which initially showed lots of prospects especially on whitepaper, but could not live up to expectations. As a matter of verifiable fact, the space is replete with hundreds of dead cryptocurrency projects due to several factors such as lack of viable product, bogus and unsustainable plans, lack of experienced management team, and sometimes raising and being in possession of so much money which is often squandered on frivolities. Volum is developing a blockchain-powered platform for potentially promising blockchain projects with disruptive solutions in VOLUM’s portfolio. VOLUM is a holding company with diversified interests in propitious market disruptors most especially, but not limited to those that can leverage blockchain, with viable products or services, robust market plans, and maintainable revenue. VOLUM boasts of top-notch management team with track of proven success in various industries which will help nurture these companies to profitability and sustainability.
VOLUM develops the tool for improved operations and wider opportunities by businesses
The VOLUM platform creates an economically smart and robust ecosystem to support the business growth and operations of its portfolio companies by providing the blockchain infrastructure and common native cryptocurrency for B2B transactions among its portfolio companies in a transparent manner. The platform is built on the decentralized Ethereum blockchain and transactions are facilitated by powerful trustless smart contracts and advanced data analytics. Volum helps these companies leverage the potentials of blockchain to streamline, accelerate, and consolidate their enterprise goals and market shares. The main industries that catch the business interest of Volum include smart energy, supply chain management, software-as-a-service (SaaS), and social networking applications. As a success-centric parent company, Volum plans to own between 30-35% equity shares in companies that meet its selection requirements which aim to capture the best enterprises so as to provide reduced investment risks to its investors due to the spread of invesment. The primary users of the Volum platform include producers, bottlers, distillers, distributors, government agencies, farmers, regulatory bodies, brand incubators, consumes, and other stakeholders in the areas of interest of VOLUM.
All transactions on the VOLUM platform will be executed via the native tokens of the VOLUM platform called VLM tokens. The VLM token is fully a utility token that will be used to manage various types of transactions such as payments, purchase orders, rewards, delivery tracking, and so on. Therefore all users of the platform will require the token to access and make us of the platform.
VLM Platform is More Than Just a Concept
VOLUM provides the facilities that can help catalyze the growth, profitability and success rate of companies by leveraging the potentials of blockchain to streamline their operations and generate steady income through transaction fees, licensing fees, and dividends from portfolio companies that are part of the VOLUM ecosystem. VOLUM platform already has about five companies in its portfolio among which are Energy Rescue Systems (ERS), Software Developers Associates, Inc., GridPower Network, International Spirits and Beverage Group (ISBG), and Assets Credit Management and Equity Financial, LLC (ACME Fianacial). Entrepreneurs now have the right tools and opportunities to succeed and become profitable.
Final thought
This platform has potentials to help cut down the failure rate of new projects in the blockchain space, accelerate and push them to profitability and sustainability. With Volum, small businesses can leverage cutting-edge tools and strategies to succeed and innovatively serve their customers in a competitive market.
For further information on VOLUM, use the following links:
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