Which industries are being disrupted by Blockchain? 15+ICO Industry break down analysis Part-II

In our first article in regards to Blockchain industry analysis with Amirsan Roberto we discussed data-centric insights and trends in the market, and this article is the continuation of the analysis that we hope would be useful, insightful and help to understand the industry and Blockchain overall.

Machine Learning – AI, Robot (2.8%)

As most good ICOs, AB-Chain comes from Asia. The platform is a fully-functional AI initiative that utilises algorithms and machine learning to carry out successful advertising campaigns.

Based in Hong Kong, the ICO had a modest target, hoping to obtain $1,850,000 in total funding. However, the deal has been quickly picked and classified as one of the top deals of Q1 2018.

The man behind the venture, AB-CHAIN CEO Vladimir Dyakov is a Russian entrepreneur who spoke to 360tv.ru and shared his opinion about the future and possible legalization of cryptocurrencies on an international scale and back in his home country.

The total worth of ICOs pertaining to Machine Learning & AI is estimated at $166,691,924, a sum that makes AB-CHAIN’s contribution to pale in comparison. The company is one of the most promising crypto initiatives to watch out for in 2018.

Drugs & Healthcare – The Building Blocks (2.1%)

Project Shivom managed to collect $32.8 million during its ICO completed on 25 April 2018. The project is the most successful blockchain to date looking into ways to bring the technology to genomics. Shivom aims to protect identity and personalize healthcare.

Shivom’s CEO and co-founder Dr Axel Schumacher was particular about the need for stronger data protection that won’t compromise healthcare: “The current healthcare space is fraught with major problems such as data silos, lack of diversity, lack of interoperability, little privacy and widespread data breaches, which makes effective healthcare and precision medicine challenging.”

With the healthcare-related ICOs accounting for 2.1% of the total investment in 2018, or $126,528,011, Shivom is easily one of the largest deals of the year.

Mining – Drilling Down to the Bedrock (1.8%)

One of the most successful projects focusing on mining is Envion, notching up the respectable $100,000,000 in fresh capital in a sector estimated at $104,274,600. In other words, Envion accounts for nearly all investment in this segment of the ICO business in Q1 of 2018.

Envion has been able to develop successful mobile mining plants (MMU) that are able to tap into various electricity sources, including renewables, to power themselves. In the company’s vision, crypto mining has been increasingly power-hungry, and Envion is addressing that by creating deployable containers that can be shipped to any part of the world.

Following the successful conclusion of their ICO, Envion went on Twitter to say:

“Thank you Envion investors! Thanks to all our 30,000+ supporters for making the envion ICO one of the most successful of all time (+100,000,000 USD). We look forward to building a successful company and a blockbuster product in the coming months. Stay tuned for updates!!!”

Energy & Utilities – Powering the Future (1.7%)

One of the greatest success stories in the energy & utility segment of ICOs in 2018 has been 4New. The project promises to use blockchain and help companies turn waste into renewable energy, slashing overall pollution and boosting scalability and sustainability.

The company’s ICO concluded with $41,500,000 successfully added to its starter’s capital, quite the feat, given that the whole market for the year is estimated at $101,500,000 so far. The project will connect companies that are looking for ways to pool their efforts and get rid of waste.

4New has already established plants in the United Kingdom and the company’s founder Varun Datta had this to say: “We couldn’t be more thrilled than to deliver to our investment community these sites, already operational in the United Kingdom. To be able to deliver two plants and begin mining is fantastic, we can help reduce the cost of mining while helping the planet at the same time. Come the end of June, we will be utilizing up to 10MW per hour to mine cryptocurrencies bringing the KWATT to life.”

Data Storage - Keep It Safe (1.6%)

On the data storage front, investments have been quite as impressive. The sector itself has accounted for $94,088,500, with quite a handful of the successful project being fleshed out. Zeepin is no exception. During its ICO concluded on 18 January 2018, the project raised $62.6 million accounting for over 60% of the total investment in the sector.

Zeepin is conceived as a pure data storage project. The company has developed a number of dApps and rendered services to market leaders, such as Coca-Cola, Haier and others.

During an official meet-up of the project in Seoul, South Korea, Co-Founder & CEO of Zeepin, Zhu Fei, said: “Zeepin focuses on stepping up the efficiency of innovation and helping creative works commercialized in a cost-effective way, while Galaxy can be a contributing boost where an entertainment ecosystem will be nurtured. It’s also a project developed by teams from Zeepin community and we are attaching great importance to it from the very beginning. More copyright content will be incorporated into this game.”

Supply & Logistics – Location, Location, Location (1.5%)

Without a shade of doubt, Block.array is one of the most successful supply chain management & logistics ICO this year. The company managed to conclude its ICO at the beginning of the year, raking in $14,375,000 out of a market that is worth $90,166,000 presently. The platform has been traded actively with its medium price hovering around the same value and exhibiting distinct stability.

According to Block Array CEO Sam Bacha, Block Array does not aim to outpace competitor, but rather supplement and consolidate their services.

Speak of logistics, and it is difficult to miss Naviaddress. If Alibaba and Amazon are the founding father of e-trade, Naviaddress is a natural continuation. The project has been absolute brilliant in creating virtual addresses for people without an actual physical address, and thus giving e-commerce a refreshing boost.

Privacy & Security – Stay Safe (1.1%)

Want to boost your Ethereum-based initiatives? This is quite possible, examining the Quantstamp security protocol which authorizes blockchain-driven audits of Ethereum’s smart contracts. As smart contracts promise to automate a large chunk of conventional business, having smart auditors is mandatory. Concluding its ICO with $31,000,000 in fresh capital, the company definitely doesn’t lack the backing to be one of the most promising security ventures in 2018. In comparison, the entire sector for security ICOs accounts for $66,740,000.

One Minute Crypto had a tete-a-tete with Quantstamp CEO Richard Ma in which Mr Ma elaborated on the basic concept of the company as well as highlighting that he is genuinely interested in bringing around a reliable tool that will launch the growth of smart-contract-based business in earnest.

Social Network, The (1.0%)

With social network, ICOs accounting for a small percentage of the total deals this year, the Narrative Network project, managed to raise a respectable sum. Its war chest added $15 million in a bid to transform how content creators, influencers, and moderators interact, and to effectively seek to reward everyone for their participation.

As a quick noteworthy mention, we ought to say that Narrative Network has hardly been the only project to harness the power of KOLs and influencers. Robin8 has been seeking to extend a streamlined service that already enables influencers to exchange their expertise for Power Utility Tokens, the native currency of the network. Robin8 has been successful in connecting brands with marketing campaign guros.

By allowing users to do with their data as they please, Narrative Network is harnessing the power of data and making sure users have the final say in what they do with it.

Narrative Network CMO Rosemary O’Neill spoke to Block tribute to flesh out the idea behind the project: “Narrative as an idea has percolated for years, with an eye toward creating a more democratic and open content space. When blockchain and tokenization became more viable over the last year, we realized that we could use a token-based economy as the engine. Since we’re licensing community code that’s been under development for decades, we have a major jump start on the guts of Narrative itself. Our white paper was released last summer.”

Social network-related ICOs account for a minor share of the overall market with $62,135,600.

Data Analytics (1.0%)

Endor has been one of the most noteworthy ICOs of the year, managing to amass $45,000,000 in fresh capital. MIT professor Alex “Sandy” Pentland who is Endor’s co-founder has described the project as the Google for predictive analytics.

Endor taps into blockchain to make accurate predictions based on a preliminary introduced database. The platform will offer self-managing databases that can dramatically reduce costs across the sector while introducing big data solutions to everyone who needs them.

Mr Pentland has a more ambitious plan in mind when it comes to Endor. In an interview for Medium, he said: “The problems to date have been about detecting scams, figuring out why customers of big companies are changing behaviour and such. The coin offering is to bring this technology to everyone so that startups and even individuals can detect fads and trends to help their business and investment.”

The whole data analytics ICO segment has managed to amass $57,000,000 so far, with Endor holding the lion’s share.

Marketplace (0.9%)

Taking a look at one of the less-invested-in sectors, the marketplace, one projects makes an immediate impression – Winding Tree. The company beat its own forecasts, raising $14,000,000 when the hard cap was $10,000,000. A blockchain platform focusing on finding the best deals when travelling, the platform has genuinely piqued the fancy of lurking crypto investors.

Winding Tree's CEO, Maksim Izmaylov has said that the company’s token, Líf will help reduce foreign exchange fees. Buying an international plane ticket, dollars will be converted for every stop a plane makes. However, Líf focuses on minimizing those.

Compliance & Security (0.9%)

Contractnet may not be an outright company that deals with the legal matter of things, but it is invested in the security & compliance segment. With the ICO successfully concluded, it is one of the most noteworthy ICOs of the year in its respective segment.

This part of the industry accounts for nearly $52,000,000 in total funds raised. Contractnet aims at bolstering the security segment by offering an unusual amalgamation of the Internet of Things, the blockchain, and smart contracts – three separate phenomena that have been considered quite earth-shattering in their own right.

By using oracles as intermediaries, business entrepreneurs may host their activities without having to worry about compromised security. The project’s team have been relatively low-profile in the media, but given how the first ICO concluded just a month ago, it is quite understandable that more news will follow later this year.