At a time when ICOs, blockchain technologies and people related to this field are subject to government pressure, there is a notable exception. In Romania, there is a financial programme supported by the Government and the European Union, where more than 8000 startups get financial support to develop their innovative businesses. It is called Start-Up Nation Romania.
Among these young entrepreneurs we noticed a company that develops Decentralized Applications (DAPPS). The company got state funding and is currently developing a breakthrough product for the Blockchain. The team is already recognizable in the Romanian Blockchain community and appeared on several news platforms. Even one of the biggest banks in Romania made a post to promote this successful story:
We have some ideas of the project from one of the Co-founders, Dumitru Berestean:
Blockchain is the new IT revolution with spectacular growth. I think that on the medium term, Blockchain technologies will be implemented on a large scale and I would profit from my experience in the field. I am grateful that the Romanian government and the European Union are supporting the young entrepreneurs and are helping to the development of the new technologies. It means that they have a vision and know where to direct their investments.
Dumitru and his friends, Victor Binzari and Ciprian Ciubotaru, started to develop their DAPP from a simple question: Why do wallet addresses in the Blockchain have to be so complex?
This is why they have created CryptoAlias. It is a system that offers a simpler and more secure alternative to using complex Blockchain wallet addresses. They also plan to develop many other exciting features in the future.
These other features are described in their WHITEPAPER and include identity outsourcing (which will allow users to authenticate on other platforms using their alias), an in-wallet exchange system (that will allow users to send funds between different Blockchains directly from their wallet, without the need to use an exchange), an in-wallet messenger (that will allow the sender and the receiver to message each other before a transaction is made), and a 3D-Security solution for the Blockchain.
Besides their interest in Blockchain technologies, what stood out is the team’s vision about being an entrepreneur:
I always wanted to be independent and to plan my priorities as I see fit, but not according to a boss who is telling me what to do. This is why I was always searching for new opportunities that would bring me great experiences, which I would have never had as an employee. It may seem counter-intuitive, but I try to embed the same values into our employees. They have the liberty to decide what’s the next priority in the project and to work on challenging tasks that will help develop their skills.
The team is also very optimistic about the future and and the potential of Blockchain technologies:
Blockchain didn’t achieve its maximum potential. There are a lot of opportunities in the financial and public sectors, commerce, etc. According to researchers, investments in the Blockchain technologies will grow at least by 300% until 2020. According to Deloitte, 65% of the big American companies will implement this technology in the next years.
We enjoyed talking to these young entrepreneurs and where inspired by how many ideas they had for the Blockchain. We invite you to get to know them yourself on CryptoAlias!