It’s not possible to ignore cryptocurrency and blockchain at this juncture. It is everywhere, and there is no sign of slowing down. Blockchain-based exchanges of information and tokens are releasing a wave of new possibilities for entrepreneurs.
The rush to create innovative business solutions that are faster, more secure and more transparent is on. Here are six examples as to how blockchain is already contributing to real-world improvements in the world of entrepreneurship.
Increasing access to entrepreneurship education
People of all ages and from all walks of life are becoming increasingly interested in entrepreneurship, and many simply don’t have the time or resources to seek further education from formal institutions.
While formal education isn’t a requirement, many new entrepreneurs seek flexible, reliable and affordable educational options to help them develop the skills needed to launch their businesses. SuccessLife is using blockchain tokens to offer video content, digital courses and personal coaching to aspiring entrepreneurs, covering topics such as management and investment techniques.
The token’s immutable ledger and automatic smart contracts render the transactions that provide these educational opportunities reliable and cost-effective. Entrepreneurs only need an internet connection to access the educational content.
Helping in crowdfunding opportunities
One of the blockchain’s most newsworthy contributions to entrepreneurship is its effect on crowdfunding campaigns. In fact, blockchain startups raised $5.6 billion in funds in 2017, mostly driven by community campaigns. This blockchain-based fundraising model has proven so successful that it’s attracting plenty of mainstream investment.
Acorn Collective is one company providing a second-generation open marketplace for new ventures seeking crowdfunding. Any legal new project whose founder passes primary screening can make a pitch on the Acorn platform.
Blockchain makes the process transparent, safe and accessible from any region. On the platform, a crowdfunding engine helps entrepreneurs garner marketing support, maximizing the chance of a successful project.
Providing user-friendly financial tools
Zerta is a next-generation trading platform built by a leading team of exchange technologists and entrepreneurs. The platform connects an exchange, a crypto and fiat wallet, and a bank in a single ecosystem.
As crypto adoption becomes more prevalent, it is important to focus on education and ease of use, especially within financial services. For Zerta, this means personalization and customizable interfaces to help users of all experience levels trade, send and receive payments and engage with a community of like-minded people. User-friendliness is the focus.