Tokens can also play a role in producing capital, incentivising early investors by offering currency specific to the company’s function.
While cryptocurrency already performs several different functions, its use and popularity as a utility could expand as the technology progresses.
Many believe cryptocurrencies with smart contract applications can be applied wide enough to safely and secure provide a backbone for global computer systems and a legitimate decentralised internet.
The business world may begin to more widely understand the binding and trust-less nature of smart contracts and do away with traditional contracts and systems functioning on the threat of repercussion.
Part of any potential accelerated rise in crypto-related start-ups should be attributed to the rapid changes and improvements in technology.
Blockchain technology in its purest form was programmed and introduced to the world back in 2008 and has seen all sorts of developments and advances in its functionality.
With these improvements come opportunity, and an exponential potential of applications ready to be manipulated by millions of budding cryptocurrency-based businesses.