CoinSummit London 2014 : Start-up Showcase Day 1 (By Serge)

In our previous articles, we talked about how CoinSummit gives a forum to a small select group of startups which the organisers believe would benefit the community. Nevertheless, it was probably hard for the organisers of CoinSummit to pick out only a handful of startups.

It wasn’t easy for these startups to be allowed receive a startup slot. Even then they needed to represent their company or product and condense it all into a fiery 7-8 minutes speech.

• Chain.

This is an application for developers concerning the blockchain API. As the internet and the complexity of the digital currency community grows, so does the difficulty for developers to keep track of and manage the blockchain.

This means that Chain will manage the blockchain as a single stack but manage multiple nodes, where everything will be registered and logged in an index and data tier. This will make it very easy for developers and third parties to check all this data (cross-referencing)

Another advantage Chain has, is that it seems to be very fast and reliable. Chain guarantees easy access and because their program is very redundant, it will not go down easy.  Chain will be having support on stand-by 24/7 to answer your questions or assist with any problems you may encounter.

Furthermore, all data is signed, which means that everything is easy to track and everything you send will be signed. Chain is also very simple to use and it doesn’t matter if you are using SDK, testnet, webhooks or other programs.

• SWARM.

SWARM was presented by one of our good friends, Joel Dietz. SWARM is the next step, where crowdfunding meets Crypto currency. SWARM guarantees Cryptoequity and total security. As they work with tokens, acquiring rights to a token is programmable and can be changed depending on needs.

Everyone holding such a token can vote on everything, ranging from the directions a company should take, to revenues, shares,dividends, etc. SWARM will be giving back to the people and thus giving the power back to the people.

• Libratax.

Libratax is a tax software program for Bitcoin.This is very interesting for the US citizens because digital currency is more or less accepted over there. Everything is simple, easy to use and very quick.

Now how does it work? You need to put in your wallet addresses into the program. The program then scans every transaction done from that wallet and structures them into  a coherent package, where you can define what amount was used for which purpose. Was it a gift, a donation, a payment for services rendered, etc.

The Libratax program will also link to every kind of exchange and will allow you to calculate everything according to the up-to-date standards.

• Coinffeine.

Coinffeine is a kind of distributed Bitcoin exchange. They have a special service which, should the network be gone, still allows customers to get to their digital currency. Coinffeine will work with the gossip protocol that employs micro-payments.

This will make it fast and simple to use in a global market setting. It will use a p2p network and BTC or other Crypto can be traded.  The transactions will be immediately  available after transaction. And as a big plus : Coinffeine is open sourced.

• Bitcoin Comic.

This is a comic that will explain Bitcoin and all of its aspects. We have been able to view tidbits of the first draft, since the comic isn’t finished yet, but it soon will be  We talked quite some time with Alex Preukschat and we will do a couple of articles about his fabulous idea over the coming days.

• 37Coins.

37Coins is a service that will let you send BTC via SMS to any person in the world. The Bitcoin wallet will be decentralised and is safe to use. 37Coins utilizes  two-factor authentication, and if you send any amount over 12 dollars, you will receive an automated phone call.

• Purse.io

This startup will be addressing the hoarders of BTC. They will do this by means of offering gift cards for a significant discount.

• Bullion Bitcoin.

This is an exchange where people can buy physical gold with BTC. This startup is located in London. All the physical gold is stored in a secure offsite storage and buyers can go to the company and ask to receive their gold.

The wallet is secure and will utilize 3 root keys, backed up with individual worthless shares at a physically detached location. Furthermore, there will be multiple signatures as an added extra precaution.

The buy/sell  will be  allowed plus it will be checked by an independent administrator. This startup is UK owned and UK based, and is conform with the regulation laws.

(To clarify:this is not a pool).

• Delta Financial.

Delta Financial is based in Vancouver and Hong Kong. They focus mostly on loans, funds and daily interest rates based on USD/BTC fluctuations. It is all about the supply and demand. This is not an easy group to get get in touch with since they work with “invite only” members.

This is just another built-in safety net for their investors and clients. If something disastrous should happen, they have enough liquidity to give everyones money back at any time.

• ChromaWallet.

ChromaWallet is a multi wallet that focuses on colored coins. The ChromaWallet lets you trade or convert  your colored coin to  Bitcoin. ChromaWallet will be open source and is easy to analyze, as demonstrated in a fully operational ChromaWallet.

During CoinSummit London 2014, they showed off a beta version of the wallet, which is easy to use and is pretty fast. Once you get your desired funds you can trade it in against giftcards or other digital currency.

Bibliography.

http://www.cryptoarticles.com/crypto-news/swarm-own-the-revolution-by-serge

http://swarmcorp.com/

http://www.cryptoarticles.com/crypto-news/swarm-after-party-i-am-convinced-and-have-invested-by-jp

http://www.bitcoincomic.org/

https://www.37coins.com/

https://purse.io/

https://bullionbitcoin.com/

https://www.btcdelta.com/