With blockchain still in its infancy, the race for domination is still a long way from being resolved. Evidence is there, however, that it is kicking off in a big way. Venture Capital firms pumped a record amount of investment into Bitcoin and blockchain-related startups last year at nearly $1 billion, and we have seen signs that major IT corporations, particularly IBM, and Microsoft, are making a long-term commitment to the support of blockchain development.

Microsoft, for one, has recently teamed up with Bank of America Merrill Lynch to try and make trade finance transactions faster, cheaper, safer, and more transparent using a blockchain-based framework. They also recently launched Project Bletchley, the Ethereum-based consortium blockchain technology they announced in June…

Source: 7 Blockchain Startups To Watch Out For | Articles | Big Data | Innovation Enterprise