Top Blockchain Business Models

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

Here are the most common business models for blockchain.

Utility tokens -- this business model provides a service to the users through tokens.

Tokens are minted and distributed to motivate the holders to foster the community’s purpose.

Tokens are the internal currency to the community.

Blockchain as a service -- blockchain services are provided to other businesses in which to transact their own business activities.

Blockchains are complex so many businesses seeking the benefits of it look for a host system.

This reduces not only the time to setup a blockchain but also the cost to maintain the hardware and software.

Development systems -- include blockchain applications for executing smart contracts and more.

Businesses adopt development systems to speed up the application development and launch process.

Blockchain applications -- this includes point applications such as fund transfer systems, user authentication, and identity verification solutions.

Businesses can adopt ready-to-run applications for their own networks.

Blockchain data storage -- this business model provides data storage bringing the benefits of blockchain security.

Businesses can use these solutions for their data storage needs.

There are many new blockchain applications and development systems coming to the market.

These are the most prevalent business models thus far.

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

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