Blockchain is not just about currency speculation
While cryptocurrency’s most popular appeal remains its speculative nature, with investors and traders looking for life-changing opportunities, the true value of blockchain technology lies in solving real problems and driving innovation in a decentralized manner.
This article profiles three companies that are using this technology to build useful tools for the real world. These companies have recently launched, announced or tested their solutions at scale, demonstrating the growing momentum of utility-focused projects.
XOXNO Network: Revolutionizing the ticketing industry
The applications of blockchain technology are gradually moving beyond the speculative nature of cryptocurrencies, with more startups beginning to leverage the technology to solve real-world problems. Among them, XOXNO Network is an innovative enterprise focusing on the ticketing industry. It has launched its first minimum viable product (MVP) on September 7, 2024, a ticketing system that supports Sense4Fit fitness activities. The event attracted more than 6,000 participants, only 1% were users of the Web3 industry, and the remaining 99% of participants downloaded the crypto wallet xPortal for the first time in order to enter the event.
XOXNO Network successfully uses MultiversX blockchain technology to implement a decentralized and highly secure ticket scanning system. In the first few hours of the event, more than 1,000 tickets were successfully scanned, demonstrating the technology’s potential for real-world applications. This test proves that XOXNO Network can provide effective blockchain solutions in event management and ticket verification, and is expected to become one of the leaders in the ticketing industry.
Source: X users participate in Sense4Fit fitness activities through XOXNO Network’s ticketing system
Build21: Applying blockchain to the real estate market
Build21, which also uses MultiversX blockchain technology, focuses on the real estate industry. According to foreign media Forbes, the project is expected to be officially launched on September 24, 2024. The company aims to develop 21 residential projects in Romania and connect investors, experts and future residents through blockchain technology. The innovation of Build21 is that it uses NFT to allow small investors to participate in the project. These investors will have direct distribution rights and voting rights for the project profits, thereby creating a transparent and decentralized real estate investment model.
Build21 is expected to launch its first project in 2025. This blockchain-based real estate innovation not only allows small investors to participate in large-scale real estate projects, but also demonstrates the huge potential of blockchain technology in the real asset market, and Further promoting the integration of cryptocurrencies and real-world assets (RWA).
Globees: A decentralized accommodation platform challenging Airbnb
Globees is another startup targeting the accommodation industry and is considered a potential competitor to Airbnb. Globees has launched its first batch of rental properties on the MultiversX blockchain, which are now live and operational. The company places special emphasis on its environmentally friendly and lower-cost accommodation solutions. It also uses blockchain technology to break the boundaries between Web3 and the real world, allowing ordinary users to use it without having blockchain expertise. Easily use its services.
Globees’ innovation lies not only in its decentralized operating model, but also in its efforts to promote sustainable development. By providing blockchain-powered accommodation options, the company attempts to bring a more transparent and secure experience to users and challenge traditional sharing economy platforms.
Source: Globees Globees has launched a rental house service on the blockchain
These three new startups demonstrate the innovative applications of blockchain technology in different industries, whether it is ticketing, real estate or accommodation. These enterprises have proved that the potential of blockchain does not stop at speculative transactions, but can actually solve Real problems in every industry and bringing real change to the market.
[Disclaimer] There are risks in the market, so investment needs to be cautious. This article does not constitute investment advice, and users should consider whether any opinions, views or conclusions contained in this article are appropriate for their particular circumstances. Invest accordingly and do so at your own risk.
