Blockchain products  55

ICO is backed by an idea to deliver a project. ICO’s goal is to raise

money through a digital platform by offering its coin as a utility. Some

of the examples of successful ICOs are:

⚬

⚬Ethereum: The only blockchain that offers inbuilt smart contacts

and its own currency called ETH.

⚬

⚬IOTA: IOTA offer a unique offering that combines elements from

the internet of things (IoT) and blockchain technology to conduct

transactions.

⚬

⚬NEO: NEO is a Chinese open-source blockchain project that is

sometimes known as ‘China’s Ethereum’.

⚬

⚬Stratis: The Stratis platform is compatible with multiple program-

ming languages and enables businesses to create, test and deploy

custom applications without having to set up or maintain their

own infrastructure.

• EOS: EOS is a full-fledged operating system that provides application

developers with databases, account permissions, scheduling, authen-

tication and internet-application communication tools. Its compre-

hensive ecosystem allows developers to operate seamlessly without

worrying about advanced cryptography implementations.

COMPARISON OF TOP SIX PLATFORMS

See Table 2.4.

DEEP DIVE INTO SUCCESSFUL PRODUCTS

Bitcoin

We have already gone through an overview of Bitcoin in Chapter 1. I will

go through some more insights in this section about Bitcoin and how it can

be used for business purposes. As you already know, Satoshi Nakamoto

published the Bitcoin whitepaper in January 2009. Satoshi’s identity is still

mysterious, and no one knows his real identity until now. Bitcoin offers

a peer-to-peer version of electronic cash without any control by a central

authority like the Bank of England. It is the first and still the best use case

of blockchain technology.

Website: https://bitcoin.org/en/

Use cases

Businesses can use the Bitcoin decentralised platform for a quick, secure

and transparent way to transfer electronic cash in the form of Bitcoin cryp-

tocurrency called BTC.