GBO will help you launch your cryptocurrency business

GBO is the leading provider of Crypto corporate services, including crypto licenses, company formations, and banking services, to businesses operating in the Crypto market. Our comprehensive range of corporate services is tailored to meet the specific needs of businesses operating in the dynamic and ever-changing world of cryptocurrencies.

 

GBO: Your Corporate Crypto Service Professional

  1. Leading Crypto corporate services provider.
  2. Focused on crypto licenses.
  3. Offers company formations designed specifically for crypto businesses.
  4. Offers banking services to participants in the cryptocurrency market.
  5. Comprehensive range of services for unique crypto business requirements.
  6. Expertise in the ever-changing and dynamic world of cryptocurrencies.

Learn more about GBO’s turnkey Crypto company solutions.

Our WhatsApp number is +972504938469, and our email address is info@gbo-il.com.

    1. What is a Blockchain Business Model?

    A blockchain business model is the underlying framework by which blockchain companies produce, distribute, and profit from value. Given the decentralized nature of blockchain, these models frequently challenge established centralized ones by emphasizing transparency, security, and direct peer-to-peer interactions.

     

    2. Blockchain Business Model Examples

    There are numerous ways businesses are utilizing blockchain. Examples comprise:

    1. Decentralized Marketplaces: Organizations like OpenBazaar provide tools that enable direct transactions between buyers and sellers, preserving transparency.
    2. Provenance and supply chains: Organizations like VeChain offer transparent tracking systems for goods from the manufacturer to the consumer.
    3. Decentralized Autonomous Organizations (DAOs): These are organizations that operate decentralized and autonomously according to pre-established rules. A good example is MakerDAO, which offers a decentralized stablecoin.
    Company Name Year Founded Headquarters Business Model Category Number of Employees Total Funding Received
    OpenBazaar 2014 Washington, D.C. Decentralized Marketplace 50 $5M
    VeChain 2015 Shanghai, China Supply Chain 100 $20M
    MakerDAO 2015 Santa Cruz, CA DAO 80 $15M
    CryptoKitties 2017 Vancouver, Canada dApp on Ethereum 40 $12M
    Myco 2019 New York, NY Tokenized Real Estate 30 $7M
    Chainlink 2017 San Francisco, CA Decentralized Oracles 120 $32M
    Stellar 2014 San Francisco, CA Cross-Border Payments 150 $40M
    Ripple (XRP) 2012 San Francisco, CA Digital Payment Protocol 500 $93M
    Blockstream 2014 Montreal, Canada Blockchain Infrastructure 70 $76M
    ConsenSys 2014 Brooklyn, NY Ethereum Software & dApps 900 $110M
    Bitmain 2013 Beijing, China Cryptocurrency Mining 2500 $450M

     

    3. P2P Blockchain Business Model

    1. Peer-to-peer (P2P) blockchain models place a strong emphasis on direct interactions between people without the use of centralized authorities or middlemen. Such models benefit greatly from decentralization, which frequently lowers costs and speeds up transactions.
    2. Bitcoin is the most well-known example. It is a decentralized digital currency that supports P2P trades without the use of a single administrator or central bank.

     

    4. Ethereum Business Model

    1. Ethereum’s platform, which enables programmers to create and implement smart contracts and decentralized applications (dApps), is the foundation of the company’s business strategy. Ethereum provides a platform for numerous decentralized projects, in contrast to straightforward transactional blockchain models.
    2. For instance, the well-known Ethereum-based dApp CryptoKitties lets users buy, breed, and sell virtual cats. It serves as an illustration of Ethereum’s potential applications outside of money transfers.

     

    5. Tokenization in Business Models

    1. Tokenization is the process of transferring ownership of an asset into a digital token that can be used on a blockchain. Everything from real estate to art is being tokenized by businesses to increase accessibility and trading of assets.
    2. An illustration is the platform Myco, which enables users to purchase tokenized shares of real estate assets, enabling partial ownership and liquidity in markets that were previously unliquid.
    Token/Project Name Launch Date Current Market Cap Total Supply Use Case
    Ether (ETH) 2015 $400B No cap dApp platform
    Chainlink (LINK) 2017 $10B 1 billion Decentralized Oracles
    Uniswap (UNI) 2020 $15B 1 billion Decentralized Exchange (DeFi)
    Decentraland (MANA) 2017 $1B 2.64 billion Virtual Reality (Gaming)
    CryptoPunks 2017 N/A 10,000 punks Collectibles (NFT)
    Aave (AAVE) 2020 $3B 16 million Lending Protocol (DeFi)
    Compound (COMP) 2020 $2B 10 million Lending Market (DeFi)
    Maker (MKR) 2017 $2.5B 1 million Stablecoin Issuance (DeFi)
    Axie Infinity (AXS) 2018 $4B 270 million Online Game (Gaming/NFT)
    Wrapped BTC (WBTC) 2019 $10B Depends on BTC Tokenized Bitcoin (DeFi)

     

    6. Blockchain as a Service (BaaS)

    1. With the help of blockchain technology and a cloud-based service called BaaS, companies can create digital products without having to set up or maintain the supporting infrastructure.
    2. Using BaaS from Microsoft Azure, for instance, companies can deploy blockchain networks, manage them, and create applications on top of them in a scalable setting.

    Blockchain as a Service (BaaS) providers:

    Service Provider Name Launch Date of BaaS Solution Supported Blockchains Pricing Model Number of Clients/Partners
    Microsoft Azure Blockchain 2015 Ethereum, Corda, Hyperledger Pay-as-you-go 10,000+ (hypothetical)
    Amazon Managed Blockchain 2018 Ethereum, Hyperledger Hourly rate + transaction 8,000+ (hypothetical)
    IBM Blockchain Platform 2017 Hyperledger Fabric Monthly subscription 6,000+ (hypothetical)
    Oracle Blockchain Platform 2018 Hyperledger Fabric Monthly + OCPU hour rate 5,000+ (hypothetical)
    Baidu BaaS 2018 XuperChain Pay-as-you-go 3,000+ (hypothetical)
    Alibaba Cloud BaaS 2018 Quorum, Hyperledger, Ant Subscription based 4,500+ (hypothetical)

     

    7. Blockchain in Supply Chain Management

    1. Blockchain enables supply chains to be transparent and traceable. Companies can track products back to their source, ensuring authenticity, by recording every transaction and making sure it is immutable.
    2. Example: Walmart and IBM are working together on a project to use blockchain to ensure the traceability of their produce from farm to shelf.

     

    Read about cryptocurrency business models

    Top Cryptocurrency business models for 2023 – 2024

     

    In conclusion, the blockchain-driven cryptocurrency sector is fundamentally changing business models everywhere. The potential for innovation is enormous, ranging from decentralized marketplaces to complete platforms like Ethereum. An influx of various business models is anticipated to emerge as more industries start to recognize the transformative potential of blockchain.

    About the Author: Gilad Oren

    With over 25 years of experience, I have cultivated a career marked by entrepreneurial spirit and deep financial expertise, particularly in finance and online marketing. My professional journey began in the private banking and investment sectors, where I sharpened my skills for many years before making a significant pivot. I ventured into entrepreneurship by founding an Electronic Money Institution (EMI) and later incorporated GBO International Financial Services.   At GBO, we have established ourselves as a comprehensive provider of global corporate services, including company formation, banking assistance, and licensing for gaming and crypto sectors, alongside merchant account consultancy and digital public relations. My career is a testament to combining industry knowledge with entrepreneurial zeal to create impactful solutions in the financial and online marketing landscapes.   Let's connect in LinkedIn: https://www.linkedin.com/in/gilad-oren-326231220/

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