These 2 startups are using blockchain to revolutionize travel and payments
Cryptocurrencies usually get the headlines due to price action, market movements, or scams, but the technology goes far beyond that. The blockchain has the power to revolutionize many segments of our society and life, such as travel and trivial payments. In particular, two startups – built on Algorand (ALGO) – are using blockchain to innovate on airline tickets and energy bill payments. These startups are TravelX and HesabPay, featured in the Algorand Foundation’s new campaign “Algorand Can” as evidence of what blockchain technology can do in the real world, especially when using ALGO’s infrastructure. Essentially, Algorand is a blockchain platform designed for speed, scalability, and security, competing with Ethereum (ETH) and other “layer-ones (L1s).” It uses a pure proof-of-stake consensus model and has a supply cap set at 10 billion ALGO. Picks for you ...