Top Three Innovative Crypto Projects from Asia
Asia is emerging as the hub of innovation in the global markets. From manufacturing to services to the blockchain technology, there hasn’t been an industry in which the Asian entrepreneurs haven’t proven themselves.
While there have been many innovative crypto projects in the continent, here are the top 3 projects which have made a name for themselves:
QTUM is a blockchain powerhouse focused on providing smart application and payment structures designed for commercial applications.
Early on in the industry, QTUM was able to shatter ICO records by raising over 15 million USD—an impressive record for a project which had just started out. Their ability to smoothly run their lite wallets on mobile devices makes their platform more accessible, and hence the choice of many crypto enthusiasts.
What makes QTUM a real gem in the Asian blockchain scene isn’t anything proprietary in the way they are constructing their blockchain, but instead, the fact that they are designing their blockchain to work on top of the existing infrastructure and to be able to cross-communicate with other blockchains.
QTUM is also building upon Bitcoin’s UTXO model, allowing Simple Payment Verification (SPV) within light wallet environments. This style of integration means that individuals will be able to execute contracts from mobile devices giving QTUM a competitive edge in the booming mobile computing market of Asia and India.
IOST is shaping up to be one of the top blockchain companies over the next 2-3 years. Further supporting that claim is the partnership IOST has with Bluehill, which supports promising startups. With Bluehill’s help, IOST raised over 50 million USD.
IOST’s top brass team of engineers spent a great deal of time examining the issues we see on other smart platform blockchains and decided to entirely overhaul the process. From the creation of their “Proof-of-Believability” consensus mechanism to their “Fair and Transparent Feedback System (FTFS)”, they’ve made some innovative additions to the behavioral economics of how we interact with blockchains.
Perhaps the most exciting aspect of IOST comes from its reach. Given the feature set (which has already been validated on private test nets) IOST can act as a replacement for review services, micropayments, decentralized hosting AND compete with Smart Contract platforms which it will offer in multiple languages including Solidity, Java, Go, and C#.
If that wasn’t enough, IOST’s advisors have relationships with brands like Codecademy and Skillshare which they are leveraging to create a leading developer ecosystem to help power their DApp ecosystem.
While many have some mixed feelings about VeChain, one thing nobody can deny is the company’s ability to forge high-level partnerships at an astounding pace makes them a huge competitor in the Asian blockchain space.
Early partnerships with some big names—most notably with the Chinese government—helped propel VeChain to the importance it currently holds in the crypto realm. It also helped boost their compliance with regulations.