When a founder decides to launch a business the thought of impacting the world is usually mixed in with their desire to move faster and build quicker, at least before someone else introduces a similar idea. But being outside of Silicon Valley creates unique situations both positive and negative.
There are a few markets that attract and cultivate startup ecosystems including Spain, Australia, China and Germany. And more than ever before, companies are expanding globally quicker. There is a lot to consider with that including different tax regulations, government laws, banking and funding. So, if you decide to let your company bloom where they are planted, that’s okay too.
Not only are there countries welcoming entrepreneurs, but certain industries have opened the door to many. Blockchain and crypto continues to have emerging companies. So many it’s hard to keep up. Fashion, travel, and education are also connecting with technology to create the next disruption. Here are 6 startups who are taking advantage of their market and flourishing outside of the states.
ILCoin by Norbert Goffa
ILCoin goal is an exceptional on-chain data storage system, developed not only to provide a strong foundation for ILCoin cryptocurrency, but also to open up a wide range of possibilities for safe and transparent data storage, the establishment of various smart contract systems and launch of numerous innovative decentralized applications running on blockchain systems.
ILCoin is secured and uses Command Chain Protocol (C2P) technology, certified by a Palo Alto Networks Partner. ILCoin Blockchain system has not only effectively future-proofed itself against impending threats of quantum computing but is also proven to be non-susceptible to malicious 3rd-party 51% attacks.
“The defensive blockchain approach is what makes our project unique. Therefore, the basis of every future utilization must be a system that can provide and guarantee safe utilization,” said Goffa.
In the long term, developments focusing on security carry benefits that could make ILCoin’s Blockchain play a primary role, thus ILCoin technology has a real potential to become dominant on the blockchain market in the forthcoming years.
GoldFinx by Atlas Group of Companies
GoldFinX is a fintech platform that provides adequate funds—raised through the sale of an innovative cryptocurrency called GiX—to millions of artisanal gold miners around the world to help them execute their operations in a larger, more profitable, safer, and environmentally friendly way. One of the many objectives is to eliminate the use of harsh chemicals (Mercury and Cyanide) that cause profound damage to land and ocean ecosystems.
All parties involved in this do-good venture are substantially rewarded while, at the same time, the ever-increasing value of GiX is protected by the accumulation of gold received in return for the financing. GoldFinX has recently signed its first partnership with a gold mine in Ivory Coast, and is currently negotiating with another in Brazil. A total of 15 mines will be funded during this phase 1 of the business plan.
BlockBird by Andrej Zupan
The BlockBird project questions the reliability of media, particularly when it comes to crypto news, proposing a system that – integrating the power of communities with AI technology – leverages accuracy of news. As the platform reports: “when it comes to news, more and more people distrust the mainstream media. When asked why, comments include biases, fake news, and alternative facts as well as a general lack of credibility and the reality that reporters often base the news on their own opinions or emotions”.
The BlockBird platform is built from an existing gap in our system: communities by their own can’t provide a complete reliable news system due to information overload. From the other side of the equation, AI algorithms can only filter certain types of fake contents as they still need human intervention for process of news assessment. Hence, the platform unifies the two sources through the intervention of blockchain.
XcelTrip by Gyanendra Khadka
XcelTrip is one of the fastest growing online travel platform built on blockchain technology powered by its native token XLAB (ERC20). XcelTrip is the brainchild of Silicon Valley serial entrepreneur, Gyanendra Khadka. XcelTrip users from around the world can choose to book between 1.5 million hotels, Resorts and 400+Airlines using top crypto including BTC, ETH, Litecoin, Dash, Verge, XLAB and more through the site or its android & iOS app. XcelTrip has over half a million active users.
Khadka said, “Our vision is to build use-cases that drive mass adoption of crypto and democratise blockchain technology.”
A unique feature of this platform is its exciting reward program, where users not only enjoy great discounts, but also earn up to 50 percent cashback in XLAB.
Location : Singapore
Bizvane by Guoqing Zhang
Bizavane is committed to solving retailer’s problems with advanced big data analytics and providing more intelligent and automated solutions. Bizvane helps the retailer industry to utilize the ‘people-product-place’ model to ensure the right product can reach the right person in the right place and time.
The platform was created starting from the firm assumption that the retail supply chains need to be digitalized and interconnected so that it could stay ahead of the consumer’s changing preferences and delight consumers across omni channels. That is particularly true in China since “China’s retail market is composed of many small and medium-sized retailers, unlike in the United States,” the company representative said.
Bizvane is partnering with Alibaba and Tencent and cooperating with more than 400 companies, covering more than 260,000 users. The platform uses advanced algorithms that turn the raw data into visualized information for retailers to make smart decisions. These performances also accelerate the decision-making process of merchandise planning, assortment and allocation.
Protranslate by Kerem Kalkanci
Protranslate is a moderated marketplace for professional translation services serving more than 20 countries with a focus on the EMEA region. College students can tap into its translation archive of 4.5 million pre-translated content in various categories for free. Since AI for translations is still considered lagging, Protranslate emerges as a platform to fill this gap, bringing in the human touch needed.
Protranslate attracted $600K from Bogazici Ventures’ partners and a few top angel investors. The company integrated smart technology using advanced automation for document classification, homegrown ERP, and accounting. Currently, they are working on an upcoming SaaS platform to match the needs of small language service providers and freelancers that want to turn their efforts into a venture.