The Customer Electronics Show (CES 2020) is already in full swing. And this year’s event, now being held in Las Vegas and winding up on January 10, will have a special significance for the cryptocurrency and blockchain industry – following on from themes first explored at CES 2019.
But for many, this will be the year when innovators and industrialists must stop talking about blockchain, and actually start making money from it.
Nowhere is that truer than South Korea – where many of the country’s largest conglomerates, banks and business groups spent 2019 talking about how much blockchain-related tech they would be commercializing in 2020. South Korean media outlets such as Fn News have been reporting about some of the companies set to showcase blockchain-related solutions at CES 2020. But not only South Korean companies participate in the event.
Here are some highlights.
Samsung’s IT services arm, Samsung SDS, is displaying a blockchain-powered automotive parts management solution, as well as its own mainnet, Nexledger. The company has previously developed interoperability solutions that it claims have already helped bridge the gap for companies and government entities that make use of different blockchain protocols. It is also extremely active in the areas of logistics and shipping.
South Korea’s answer to Microsoft has been busy creating a blockchain-powered suite of office solutions, but will also unveil what it says is a comprehensive data management platform for a wide range of certification, including birth certificates, digital identification, education records, employment history and medical records. Interestingly, the same platform also appears to offer blockchain-verified cryptocurrency trading data records. The company will also exhibit details about its own mainnet, as well as smart contract technology.
This startup is affiliated with KAIST, South Korea’s biggest tech university, often referred to as East Asia’s MIT. In fact, ReDWit will be making its CES debut this year, presenting its blockchain solutions at a KAIST booth. These include a blockchain solution designed with academics in mind: one that will allow researchers to make, log and share research notes both online and offline, using a wide range of file formats and devices.
Singapore-based blockchain company Pundi X is using the CES to reintroduce their blockchain-powered smartphone, now called Blok On Blok, or just BoB. The device comes with a special operating system called f(x) or Function X OS. It allows users access to the Function X ecosystem, so that every call, text, or action made online, is decentralized. Each BOB functions as a node, so the more BOBs deployed means a stronger decentralized Function X ecosystem.
This startup company from Taiwan that focuses on applying blockchain technology to retail industry, launched what it calls the world’s first all-in-one cryptocurrency retail payment solution built with blockchain hardware wallet – and exhibited it at CES. SecuX Cryptocurrency Retail Payment Solution includes three components: (1) a White-label Mobile App that can add any crypto payment with the existing fiat-currency payment app; (2) a Payment Terminal/Module that can operate without the internet connection; (3) a Hardware Wallet with a military-grade Secure Element chip.
This Silicon Valley startup offers a blockchain-based omnichannel mobile experience through integrating social messaging, mobile commerce, and fintech services. Zocial’s wants to power the new Blockchain network with its technology called Integrated Blockchain Architecture™, which they claim provides a systems approach to solving limitations in scalability, security, and latency.
This Luxembourg-based platform built on a decentralized mutuality-based system aims to enable the next generation of insurance, particularly for the 500 million or more uninsurable smallholder farmers. It does this by allowing farmer-to-farmer risks to be shared in a transparent and cost-efficient manner, and it uses blockchain, satellite earth observation data and index-based risk modeling to accomplish this, their website says.
Chinese KryptoGO is a blockchain search engine that organizes all cross-chain information for usability and readability, the aim being to make blockchain more accessible and to hasten the adoption of crypto. Therefore, they’ve launched a RegTech (regulatory technology) solution built on top of KryptoGO’s data infrastructure that analyzes on-chain data to connect virtual worlds with real-world identities. Furthermore, to make compliance easy, KryptoGO wants to solve the non-interoperability issue of travel rule standards by introducing a FATF/FinCEN compliant regulation kit.
Coming from New York, this startup is exhibiting their blockchain router, with a goal of bringing decentralized internet to every home across the world. The product enables its users to connect to the internet through an encrypted channel from any place in the world, and access regular websites, but also browse through the blockchain-based websites, which are not available otherwise.
Canaan Creative Co.
The second-largest producer of Bitcoin mining equipment, China-based Canaan, will also be exhibiting their blockchain chips and system solutions products at the CES. It will continue its promotion of the multi-level design development and in-depth application of ASIC super-calculation chips for the multi-disciplinary areas.
The Netherlands-based project has developed a Blockchain-based Transparency Solution to trace products from its source to the finished product, that way giving the consumers full transparency over the entire process by utilizing blockchain and zero-knowledge. Furthermore, it enables sustainability and a circular economy in supply chains. The producers/companies can provide information about their products and their supply chains in a transparent way without risking privacy.
There are a number of blockchain companies and protocols at CES this year presenting their solutions and infrastructure capabilities:
- The U.S. blockchain company Devvio created The Enterprise Blockchain, in order to solve a number of issues that many if not all blockchains face, including scalability, governance, privacy, fraud, etc.
- Also from the U.S. IoTeX is the privacy-centric blockchain platform that’s Internet of Things (IoT) friendly. It provides developers with infrastructure and tools to deploy innovative IoT solutions focused on data privacy, interoperability, machine-to-machine automation, and more.
- Didux from the Netherlands is another example, which says it offers an identity management solution for individuals and companies. The company has built solutions on top of their Didux Blockchain protocol, for people to own, control, share and revoke their personal data in a GDPR-compliant way.
- Finally, BTU Protocol develops solutions and plugins in order to enable enterprises to distribute BTU tokens to their employees, customers, business providers and partners. Coming from Paris, they will be exhibiting their crypto incentive solutions at the CES, showing it being deployed in the hotel booking industry and car rentals. The company says that all their services can be tested via their wallet BTU Direct mobile app.
ANote Music is a marketplace for buying and selling Music Rights based in Luxembourg. They want to innovate the current music industry by, among other things introducing it to the blockchain. The team claims that this allows artists, record labels, publishers and songwriters to become financially independent and get funds immediately, which they’d be earning over many years otherwise.
Netherlands-basked Fluidensity is a certified blockchain platform for the tokenization of art and other assets. They offer a complete platform for Security Token Offering, reportedly approved by financial authorities in the EU. Artists and collectors can use its platform to convert the ownership of art into digital certificates, thus collecting, trading, and exposing art in a new way via these tokens. Furthermore, the company says, blockchain makes collecting and trading art secure, transparent, and inclusive.
Everyone makes Progress
This product exhibited at CES comes from the U.S. – EmP Fitness is a blockchain-based solution that collects data from fitness apps, wearables, equipment, free weights, group exercises, and more, in order to store it on the blockchain. It gives its users control over that data, can share data anywhere, and earn money.
In this department, we find the U.S.-based Crypto Watches, which is showing off its Blockchain Watch Face brand. Utilizing their patent-pending blockchain technology, the company creates digital collectible smartwatch faces that they claim are compatible with almost every smartwatch out there. Watch Skins, also from the U.S, is a Blockchain Watch Face Marketplace. Their patent-pending technology allows popular brands to sell digital collectible smartwatch faces for almost any smartwatch, says the company. This is done via blockchain to ensure authenticity and scarcity of the licensed watch face.
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Finally, just yesterday we’ve written about another CES participant: 2020 CES Innovation Awards Honoree, Taiwan-based AuthenTrend. They exhibited their new fingerprint enabled crypto wallet, called AT.Wallet.
Stay tuned to Cryptonews.com for more CES 2020 blockchain and crypto-related developments!