Much has been written about the central role of passion in the development of a business plan and the long-term building of a company. Most people understand that finding a niche in large industries is often derived from recognizing where a market fails to meet a consumer need and having the skill, desire, and drive to fill it. Many businesses have found success in filling the void in a wide range of markets.
But sometimes passion comes from doing something highly unusual like fixing a problem that everyone recognizes creates difficulty but do not have the knowledge, skill, or ability to fix. Many long-standing industries are fraught with a wide range of unresolved issues, complexities, and inconsistencies that affect their ability to work efficiently and effectively. With the advent of blockchain technology, many industries are finding their passion in solving real-world issues, and, as a result, are investing their time, work, money, and effort in a greater good that will positively affect humanity.
Here we highlight a few that we have found are making an appreciable difference for not only the industry and the business world at large, but are also positively advancing the rights and value of humankind.
Fr8 Network
Fr8 Network is working to solve the inefficiencies and ineffective systems in the logistics of transportation. While domestic freight serves millions of people worldwide, the difficulties in working through the comings and goings of trucks mean that many shippers are sending trucks half empty to ensure cargo is transported at all.
The value blockchain supply chain for trucking companies is that, through the use of this technology, stakeholders can connect intimately with one another, eliminating the need for middlemen to help them organize their loads, plan routes, and pay for services. This reduction of “red tape” leads to increased efficiency and speed, as well as decreased costs and faster service, which will trickle down to consumers who depend on their goods and services. Well-facilitated digitization of record-keeping allows both shippers and carriers to have a trustworthy and transparent system that benefits everyone.
Deedcoin
Did you know that approximately 6 percent of your home or property belongs to a future real estate agent who will sell it for you? Did you realize that, for home and landowners in the US alone, this means that there is a projected loss of over $900 billion worth of loss in future commissions? Were you aware that, in many parts of the world, people do not even have a clear, written, and documented title to their land or home, but rely on the goodwill and honesty of others to ensure that deals “conducted with a handshake” are honored?
Deedcoin attempts to solve the issues of predatory real estate commissions and deed regulation by decentralizing bureaucratic authorities, allowing control of the property and deeds to be restored the homeowner. In April of this year, this company has already shown its first home sale with a discounted commission for his agent, and a transaction backed by the cryptocurrency.
Impact PPA
Can you imagine living in an area without access to clean, reliable electricity? Billions of people across the globe do, thereby lowering their quality of life. How does this happen? Long-existing financial institutions have the power to determine to whom and how capital will be positioned and distributed, meaning that many impoverished communities are restricted in their ability to generate and access renewable energy solutions.
Impact PPA is working diligently to solve this issue by changing the way the world researches, finances, and distributes energy platforms. Like Deedcoin, this company seeks to use blockchain technology to decentralize bureaucratic and financial authorities that maintain control of the energy funding process, allowing underserved communities that lack electricity infrastructure to gain power with regard to energy sources and the capital needed to fund them.
Nano vision
While thousands of researchers and trillions of dollars are spent in medical research around the world, progress is often extremely slow in the development of scientific protocols and treatments. Drug development programs often experience setbacks related to the difficulty in communicating with like-minded researchers and scientists around the world, resulting in the failure of individual researchers or companies to build upon the work of others. For those who are suffering from chronic or life-threatening illnesses or diseases, the results can be catastrophic.
Nanovision utilizes blockchain technology to increase the efficiency of the medical and scientific research world. Through its use, healthcare data can be completely accessible around the world, and its availability is enhanced by universal compatibility across platforms. This will mean increased efficiency in the sharing of information, resulting in an improved format for research protocols for drug trials, experimental treatments, and the analysis of medical and scientific data. This means that Nanovision might be the most important cryptocurrency company for mankind.
Quite often, the passion for what we do has less to do with how it benefits us and more to do with what we are ultimately contributing to the world. These four companies represent the best of what blockchain technology can mean for the resolution of global issues and the advancement of humankind.
Are there other blockchain companies that show a passion for resolving an issue and working toward a greater good? We would love to hear about them. Feel free to share your comments below.
