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How to Market Blockchain Services

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Deborah Boyland


Like many emerging technologies, blockchain is still trying to find its footing in the business world. But this hasn’t stopped startups from embracing the technology and working to bring it into the mainstream.

If you’re one of these startups or simply interested in learning more about blockchain marketing strategies, you’ll want to read on. This post discusses some of the best ways to market your blockchain services.

1. Design A Modern Website

The first thing you’ll want to do is design a modern website. This website should be easy to use, and it should look professional. More importantly, it should explain what your blockchain service is all about. You should have a clear mission statement outlining your goals and value proposition.

Make sure to list all of the features of your blockchain service so that people can get a good understanding of what makes you unique. And don’t forget to include contact information so that people can reach out if they have any questions.

2. Educate Your Visitors

It’s no secret that blockchain technology is revolutionizing business and finance. However, many people still don’t fully understand what it is or how it works. Start educating your audience about the basics of blockchain technology and why it matters.

Keeping an up-to-date blog is a great way to do this. You can write articles that explain the technology in layman’s terms and discuss how it’s being used in the real world.

For your more experienced visitors, you can delve into the more technical aspects of the technology by sharing a white paper or e-book. This will show them that you’re a credible source of information and serious about your work.

You can also hold webinars and live Q&A sessions to answer any questions people may have, a great way to engage with your audience and help them understand the technology.

3. Make Use of Social Media

Speaking of engagement, social media is a great way to reach many people in a short amount of time.

But when it comes time to decide how to market your blockchain startup, not all social media platforms are made equal. Twitter, LinkedIn, and Reddit are the most popular social media platforms for fintech startups.

Discord has also become a popular platform for blockchain startups. It’s essentially a chatroom where people can discuss all things cryptocurrency. It can be a great place to find potential clients and partners.

What To Post?

When it comes to what to post, you have a few options. You can post about your latest developments, share articles about blockchain technology, or host Q&A sessions on social media. You can also post infographics and images that help explain the technology.

Whatever you do, make sure to be consistent with your posts. Post regularly, brand every post with your company’s logo and use relevant hashtags. This will help you reach a larger audience and build brand awareness.

4. Use Bounty Advertising

The crypto and NFT communities are always on the lookout for new and innovative projects. That’s where bounty advertising comes in. Bounty campaigns are bound by smart contracts to reward people for completing specific tasks, such as promoting a project on social media or translating the white paper into another language.

In return, participants are rewarded with tokens from the project. This form of advertisement is a great way to get your project in front of both small fish and whales while generating some buzz.

You could also opt for more traditional forms of paid advertisement, such as Google AdWords or Facebook Ads.

5. Optimize SEO

As a blockchain startup, you’ll want to make sure your website is optimized for search engines. That will help you rank higher in search results and attract more visitors.

You can do a few things to optimize your website for SEO. First, make sure your website is fast and responsive. Mobile users should have no trouble accessing your website.

Next, make sure your website is well-written and easy to navigate. The content should be original and of high quality. You can also add keywords to your website’s metadata to help improve your ranking. Your blog will serve that purpose well.

Finally, you want to acquire backlinks from credible websites to improve your website’s authority and rank higher in search results.

Final Thoughts

Marketing a blockchain startup can be difficult, but it’s not impossible. These are just some of the things you can do to get your project in front of a larger audience. Keep in mind that it takes time and effort to see results, so be patient and keep at it.

In some cases, it might be worth it to look into outsourcing your marketing efforts to a professional agency. They’ll have the experience and resources to help you reach your target audience.

Image Credit: David Mcbee; Pexels; Thank you!

Deborah Boyland

Deborah has been providing content marketing to FinTechs for over 5 years, and has a strong passion for ensuring business leaders are equipped with the information they need to market effectively.

Politics

Fintech Kennek raises $12.5M seed round to digitize lending

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Google eyed for $2 billion Anthropic deal after major Amazon play


London-based fintech startup Kennek has raised $12.5 million in seed funding to expand its lending operating system.

According to an Oct. 10 tech.eu report, the round was led by HV Capital and included participation from Dutch Founders Fund, AlbionVC, FFVC, Plug & Play Ventures, and Syndicate One. Kennek offers software-as-a-service tools to help non-bank lenders streamline their operations using open banking, open finance, and payments.

The platform aims to automate time-consuming manual tasks and consolidate fragmented data to simplify lending. Xavier De Pauw, founder of Kennek said:

“Until kennek, lenders had to devote countless hours to menial operational tasks and deal with jumbled and hard-coded data – which makes every other part of lending a headache. As former lenders ourselves, we lived and breathed these frustrations, and built kennek to make them a thing of the past.”

The company said the latest funding round was oversubscribed and closed quickly despite the challenging fundraising environment. The new capital will be used to expand Kennek’s engineering team and strengthen its market position in the UK while exploring expansion into other European markets. Barbod Namini, Partner at lead investor HV Capital, commented on the investment:

“Kennek has developed an ambitious and genuinely unique proposition which we think can be the foundation of the entire alternative lending space. […] It is a complicated market and a solution that brings together all information and stakeholders onto a single platform is highly compelling for both lenders & the ecosystem as a whole.”

The fintech lending space has grown rapidly in recent years, but many lenders still rely on legacy systems and manual processes that limit efficiency and scalability. Kennek aims to leverage open banking and data integration to provide lenders with a more streamlined, automated lending experience.

The seed funding will allow the London-based startup to continue developing its platform and expanding its team to meet demand from non-bank lenders looking to digitize operations. Kennek’s focus on the UK and Europe also comes amid rising adoption of open banking and open finance in the regions.

Featured Image Credit: Photo from Kennek.io; Thank you!

Radek Zielinski

Radek Zielinski is an experienced technology and financial journalist with a passion for cybersecurity and futurology.

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Politics

Fortune 500’s race for generative AI breakthroughs

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Deanna Ritchie


As excitement around generative AI grows, Fortune 500 companies, including Goldman Sachs, are carefully examining the possible applications of this technology. A recent survey of U.S. executives indicated that 60% believe generative AI will substantially impact their businesses in the long term. However, they anticipate a one to two-year timeframe before implementing their initial solutions. This optimism stems from the potential of generative AI to revolutionize various aspects of businesses, from enhancing customer experiences to optimizing internal processes. In the short term, companies will likely focus on pilot projects and experimentation, gradually integrating generative AI into their operations as they witness its positive influence on efficiency and profitability.

Goldman Sachs’ Cautious Approach to Implementing Generative AI

In a recent interview, Goldman Sachs CIO Marco Argenti revealed that the firm has not yet implemented any generative AI use cases. Instead, the company focuses on experimentation and setting high standards before adopting the technology. Argenti recognized the desire for outcomes in areas like developer and operational efficiency but emphasized ensuring precision before putting experimental AI use cases into production.

According to Argenti, striking the right balance between driving innovation and maintaining accuracy is crucial for successfully integrating generative AI within the firm. Goldman Sachs intends to continue exploring this emerging technology’s potential benefits and applications while diligently assessing risks to ensure it meets the company’s stringent quality standards.

One possible application for Goldman Sachs is in software development, where the company has observed a 20-40% productivity increase during its trials. The goal is for 1,000 developers to utilize generative AI tools by year’s end. However, Argenti emphasized that a well-defined expectation of return on investment is necessary before fully integrating generative AI into production.

To achieve this, the company plans to implement a systematic and strategic approach to adopting generative AI, ensuring that it complements and enhances the skills of its developers. Additionally, Goldman Sachs intends to evaluate the long-term impact of generative AI on their software development processes and the overall quality of the applications being developed.

Goldman Sachs’ approach to AI implementation goes beyond merely executing models. The firm has created a platform encompassing technical, legal, and compliance assessments to filter out improper content and keep track of all interactions. This comprehensive system ensures seamless integration of artificial intelligence in operations while adhering to regulatory standards and maintaining client confidentiality. Moreover, the platform continuously improves and adapts its algorithms, allowing Goldman Sachs to stay at the forefront of technology and offer its clients the most efficient and secure services.

Featured Image Credit: Photo by Google DeepMind; Pexels; Thank you!

Deanna Ritchie

Managing Editor at ReadWrite

Deanna is the Managing Editor at ReadWrite. Previously she worked as the Editor in Chief for Startup Grind and has over 20+ years of experience in content management and content development.

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Politics

UK seizes web3 opportunity simplifying crypto regulations

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Deanna Ritchie


As Web3 companies increasingly consider leaving the United States due to regulatory ambiguity, the United Kingdom must simplify its cryptocurrency regulations to attract these businesses. The conservative think tank Policy Exchange recently released a report detailing ten suggestions for improving Web3 regulation in the country. Among the recommendations are reducing liability for token holders in decentralized autonomous organizations (DAOs) and encouraging the Financial Conduct Authority (FCA) to adopt alternative Know Your Customer (KYC) methodologies, such as digital identities and blockchain analytics tools. These suggestions aim to position the UK as a hub for Web3 innovation and attract blockchain-based businesses looking for a more conducive regulatory environment.

Streamlining Cryptocurrency Regulations for Innovation

To make it easier for emerging Web3 companies to navigate existing legal frameworks and contribute to the UK’s digital economy growth, the government must streamline cryptocurrency regulations and adopt forward-looking approaches. By making the regulatory landscape clear and straightforward, the UK can create an environment that fosters innovation, growth, and competitiveness in the global fintech industry.

The Policy Exchange report also recommends not weakening self-hosted wallets or treating proof-of-stake (PoS) services as financial services. This approach aims to protect the fundamental principles of decentralization and user autonomy while strongly emphasizing security and regulatory compliance. By doing so, the UK can nurture an environment that encourages innovation and the continued growth of blockchain technology.

Despite recent strict measures by UK authorities, such as His Majesty’s Treasury and the FCA, toward the digital assets sector, the proposed changes in the Policy Exchange report strive to make the UK a more attractive location for Web3 enterprises. By adopting these suggestions, the UK can demonstrate its commitment to fostering innovation in the rapidly evolving blockchain and cryptocurrency industries while ensuring a robust and transparent regulatory environment.

The ongoing uncertainty surrounding cryptocurrency regulations in various countries has prompted Web3 companies to explore alternative jurisdictions with more precise legal frameworks. As the United States grapples with regulatory ambiguity, the United Kingdom can position itself as a hub for Web3 innovation by simplifying and streamlining its cryptocurrency regulations.

Featured Image Credit: Photo by Jonathan Borba; Pexels; Thank you!

Deanna Ritchie

Managing Editor at ReadWrite

Deanna is the Managing Editor at ReadWrite. Previously she worked as the Editor in Chief for Startup Grind and has over 20+ years of experience in content management and content development.

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