Algorand

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IPFS

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Swarm

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Algorand

by Algorand

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IPFS

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Swarm

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What problem does this service solve?

Algorand's goal is to create a blockchain with faster transaction times and a more inclusive staking mechanism to achieve consensus.IPFS is a decentralized alternative to HTTP that can be used to make recording blockchain transactions more efficient.Swarm's tokenization platform allows users to create tokens that represent ownership of part of an asset, secure rights to any revenue streams from that asset, and trade these tokens in a compliant manner.

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Company Description

Algorand is a Boston based company that is developing a blockchain network with a Pure Proof of Stake (PPoS) consensus mechanism. Algorand's decentralized platform is designed to enable faster transaction times and remove some of the technical barriers of creating scalable DApps. Algorand was founded by Silvio Micali, a pioneer in the field of cryptography.

The Interplanetary File System (IPFS) is a decentralized network protocol for sharing hypermedia in a distributed file system. IPFS can be used to link blockchain transactions This effectively timestamps and secures the content, without having to put the data on the chain itself. Filecoin, an IPFS-based decentralized storage cloud, is closely related with the IPFS protocol, and provides the incentive system.

Swarm is building a tokenization platform designed to leverage the benefits of blockchain to make it easier to fund and govern a variety of large real world projects. They hope to make it easier to tokenize real world assets, and make them available as investment opportunities. Swarm is also developing the SRC-20 protocol, which will define a common set of rules that a security token must follow, and will give users the ability to create DApps that follow these accepted properties. Swarm is powered by the SWM token.

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