There are multiple valid ideas leading to a blockchain startup and one of them is to create an ecosystem that brings together three industries: technology, e-commerce and education.
E-commerce is represented by a storewhich sells smart-tech toys and gadgets, using a drop-shipping model, with distribution centres in China and the USA. The target market is the technological nerds and the millennial, especially in Asia Pacific which has the highest demand for so-called STEM (science, technology, engineering, maths) toys. The MEK is the e-commerce token to be used for all purchases.
The education and e-learning part is represented by a Technology Academy, which teaches programming, application development, robotics, 3D and other high-tech courses to children aged 4 to 17. This is done through Lab chains, school partners, franchisees and an e-learning platform. Payment for training is with the MEK token.
Another Blockchain idea for a startup is one which is based in Europe and plans to provide a platform where you can buy and sell items or services using cryptocurrencies as payment. The platform has been developed on the Waves blockchain.
This is a peer-to-peer shopping model. One of the unique features is a secure yet private internal messaging service that allows for direct communication between buyers and sellers. There is an automated escrow system in place to protect both buyers and sellers — this is the only service for which there is a fee. There are no restrictions on what you sell or on geographic location.
Security is a key feature. The platform holds no payment information, no private keys and no possible way for a hacker to access your funds. The payment gateway has special security features and is constantly monitored.
Another option for a Blockchain idea is a decentralized marketplace set up on a platform that promises 100% uptime. Developers and users of this platform will be able to create and manage their own online stores through a web-portal, using either a desktop or a mobile device. They will be able to sell “anything, to anyone, anywhere on earth, without middlemen, credit card fees, or interference”.
A global payments acceptance platform, with built-in support for smart contracts is yet another option for a Blockchain startup idea. It combines mobile phones and blockchain technology to provide an easy-to-use and fast system for retail payments. Users can tap their phone against a point of sale terminal (such as a credit card machine) to make payments. The main focus is the sharing of data. All stakeholders, including the customer, retain ownership of their own data. All are incentivized to share it. This sharing and the associated rewards will be controlled by smart contracts.
Lastly, another idea is a Melbourne-based company. It is developing an exchange that will launch with 100 crypto and 7 fiat currencies. Investors do not need to register on multiple exchanges to exchange currencies. The exchange will power the eCommerce platform, providing a secure online payments system and wallet. Users and merchants will be able to send and receive payments. The company promises ultra-low listing and payment fees.
Time will tell which of these ideas will be most successful in today’s current market.