Tech
The 4 next big things in fintech, cryptocurrencies, blockchain and Web3 for 2023
The cryptocurrency bubble may have burst, but innovation in fintech, Web3 and blockchain is far from gone. The solutions that companies large and small are developing will transform commerce around the world, from how bus passengers choose their routes in Seattle to how soybean farmers finance their crops in Brazil.
Navan
To create a more efficient business credit card
Navan‘s corporate credit card offers employees hassle-free spending while providing businesses with real-time spending visibility and control. Three years after the creation of the smart card, a new update, Navan Connect, now brings Navan’s AI-powered financial analytics to employee credit cards, be they Visa, Mastercard or other banks, making the process of smoother onboarding than ever. It’s an entire web of checks and balances in the palm of your hand.
RideAmigos
For paving the way towards sustainable cities with blockchain technology
RideAmigos developed the Pave Commute app to help commuters reduce congestion and greenhouse gas emissions, and is now putting it on the blockchain, where users can anonymously share large amounts of data about where they travel and how much carbon dioxide they save, information which is then sent to public and private stakeholders in exchange for incentives and rewards. The app has been used by Toyota, LA Metro and the city of Seattle, and RideAmigos is a partner in a pilot program funded by the National Science Foundation for the 2028 Summer Olympics.
Unstoppable domains
To build Web3 digital passports
Unstoppable domains is building a service that can provide a Web3 digital identity to every person in the form of a simple domain address (like: connie.crypto). It can be used as a verified profile, account code for over 180 digital wallets and cryptocurrency exchanges, and a single login credential for over 500 existing apps, games, and metaverses. The domain name itself is a blockchain-based asset, meaning users can “own” their digital identity, and 3.4 million people have signed up to do just that. Unstoppable partners include Blockchain.com, Bitcoin.com, Polygon, and OKX.
Visa
To help farmers grow cryptocurrency
Visa has created a blockchain platform focused on helping farmers (and other “small and medium-sized businesses”) gain better access to global capital markets, including a broader range of investors, and convert between global currencies using cryptocurrencies, especially at times when they may have difficulty with traditional currencies. systems. The prototype can transform financing contracts into NFTs, is protected with facial recognition technology and has already achieved proof of concept in a case study with Brazilian digital real. Visa is exploring its applications at central banks around the world.
The companies behind these technologies are among the winners of Fast Company’s 2023 Next Big Things in Tech awards. Watch a Full list of all the winners in all categories and read more about the methodology behind the selection process.
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