Former JP Morgan blockchain leaders launch Dapp Store Startup clovyr
Despite having so many blockchain projects in existence, the last few years have been devoid of actual use-cases. Sure, we had the DAO and Cryptokitties on the Ethereum blockchain, but both were far from successful. The former was hacked; The latter can't scale to handle a higher volume of users. More needs to be done!
Recently, two former leads from the JP Morgan blockchain platform Quorum have announced a new startup company that should help kickstart use-cases in the form of Dapps. The startup is called Clovyr. It functions much like an App store, allowing users to browse Dapps, developer programs, and distributed ledgers. Clovyr will be compatible with Ethereum software clients that allow decentralized applications to be created. Other blockchains will be integrated in the future.
This spells good news for the entire Dapp market, and is especially good for the Ethereum blockchain. Ethereum has struggled to overcome scalability issues that have since slowed down performance on its network. With a major opportunity to produce digital products and services in the form of decentralized applications, Ethereum could leap-frog ahead of competing blockchain projects, such as EOS, NEO, and Cardano.
If Ethereum doesn't capitalize on this opportunity to grow, it may serve as a major setback that will allow another blockchain to take its place. As we roll into summer, it will be vital to monitor startups like Clovyr that will allow users to interact with blockchain technology, effectively driving an influx of money into the overall market once more.
Link: Clovyr Startup