Blockchain platform Zilliqa names 8 startups in latest cohort

Zilliqa, a Singapore-based blockchain platform, has unveiled the eight startups accepted into the latest cohort of its ZILHive accelerator, a six-month program focused on launching blockchain-enabled projects.

Photo credit: Zilliqa

Startups will be able to apply for additional grants under the accelerator program, which is part of the ZILHive incubator’s end-to-end ecosystem for blockchain projects. The grants will help participating firms with pre-launch needs, including regulatory compliance and technical integration with third-party apps.

The company said that six of the eight startups accepted into the program this year had advanced from an earlier incubator program that began in March.

“The tremendous progress the startups have made in turning their ideas into real-world use cases for blockchain is a validation of our efforts at growing Singapore’s role in the global fintech ecosystem,” said Zilliqa’s vice president of ecosystem growth Han Wen Chua.

The eight startups accepted into the accelerator are the following:

• Access: a startup that looks to combat ticketing fraud and prevent ticket scalping – the practice of reselling tickets for prices higher than the original rate – by issuing tickets as non-fungible tokens.
• Cerchia: a startup-building, blockchain-based tool to help catastrophe bond issuers, reinsurers, and investors better predict and price the risks of natural hazards through crowdsourcing.
• Green Beanz: a project that aims to incentivize consumer-facing companies and non-governmental organizations to make the reporting of their corporate social responsibility and sustainable development goals more transparent and accurate.
• HeyAlfie: a smart dashboard for users to manage, invest, and borrow digital assets via a single interface by connecting multiple types of wallets (custodial, non-custodial, and even exchange accounts).
• Invopay: an invoice-financing platform designed to help small and medium-sized enterprises better manage their cash flow with low-interest loans secured on a blockchain.
• MustPool: a gamified no-loss prize protocol, which keeps deposited principle remains safe. Prizes come from the interest earnings, leveraging different staking and lending DApps on Zilliqa.
• Tyron SSI Protocol: a self-sovereign identity protocol that enables users to manage access to their data securely. It also allows them to provide verified credentials selectively without relying on middlemen or centralized databases.
• Ultimate Franchise Fantasy Sports: a fantasy sports platform offering digital-asset ownership to sports fans through the use of NFTs to represent athletes in the various sports leagues.

The ZILHive accelerator program will end with a worldwide demo day in December this year, where projects stand the chance to receive up to US$150,000 in growth capital from ZILHive Ventures, Zilliqa’s internal venture fund.