Greater Phoenix: where the blockchain industry comes together for innovation
Blockchain technology is software that relies on multiple computers to create a tamper-proof ledger of transactions. But it’s also attracting enormous interest from major industries like shipping and finance, which see its record-keeping system as a means of creating more secure and efficient supply chains. Companies in Greater Phoenix have found success and security while innovating in this emerging technology sector and educational institutions are producing the workforce to support its expansive growth.
Arizona is a first-mover and passed HB 2417, making it easier to accept electronic signatures on contracts.
Arizona’s educational institutions are taking a proactive approach to blockchain and training the workforce of tomorrow.
Blockchain u: Arizona State and digital currency dash launch research lab
Students at Arizona State University will soon have a chance to get hands-on experience with blockchain, one of the world’s hottest technologies that is used extensively for digital currencies such as bitcoin and Dash.
Only in Arizona: how smart contract clarity is winning over startups
What happens when someone breaches a contract?
If you’ve gone through all the rigmarole of developing a paper contract, the legal ramifications are clear. But paper contracts are not only inefficient but also prone to fraud, which is why a group of startups and developers are pushing digital “smart contract” systems tied to immutable blockchains.
But what if someone breaches their smart contract? The answer, in most places throughout the world, is less clear. That is, unless you’re in Arizona.
amount global blockchain market is expected to be worth in 2024
average investment in blockchain projects in 2017
amount that IBM is investing in blockchain-powered IoT
Blockchain Companies Currently Innovating in Greater Phoenix
Arena: Music platform that is free, claims to pay artists the highest royalties in the industry, and does it using cryptocurrency. On-demand merchandise storefront, designed to encourage musicians to promote merchandise sales while listeners stream exclusive content.
Camp BX: Atlanta based bitcoin trading platform with data centers in Arizona and Georgia. Buy or sell orders are matched against a parameterized database of other orders. If a perfect match is found, a Bitcoin-to-USD trade is instantly executed.
Dash: Phoenix based cryptocurrency that is a fully-incentivized peer-to-peer network. Miners are rewarded for securing the blockchain and masternodes are rewarded for validating storing and serving the blockchain to users. Masternodes are a new layer of network servers that work in highly secure clusters that provide a variety of decentralized services such as instant transaction, privacy and governance, while eliminating the threat of low-cost network attacks.
Nexus: A decentralized and worldwide network that utilizes three channels of security: prime mining, hash mining, and nexus Proof of Stake (nPOS). Consensus in nexus combines votes across three channels, which discourages one network from becoming too powerful.
Radpay: Radpay employs blockchain and digital wallets to modernize payments—lowering processing costs for merchants and decreasing payment friction for consumers. With offices in Phoenix and Silicon Valley, Radpay’s patent-pending technology spans more than 60 inventions to improve merchant profits and customer loyalty. The company’s PCI-compliant platform unites e-commerce, mobile and retail payments with sophisticated data analytics and smart contracts to disrupt the $32 trillion global card payment processing industry.
Sky Republic: Offers an Enterprise Smart Contract Platform engineered to upgrade mission-critical B2B ecosystems. It provides transaction digitization, asset management, and multi enterprise process orchestration with end-to-end visibility and real time consensus among participants. Additional benefits of this unique technology leveraged in aerospace, air transportation and supply chain include faster mitigation of disruptions combined with IoT sensors, automation of records’ audit suppressing reconciliation, and frictionless digital experience.
SweetBridge: Local blockchain startup looking to use cryptocurrency to reduce supply chain costs. They do this by allowing for easy tokenization of assets, allowing companies to be more liquid.