The World Economic Forum has included two companies responsible for the development of three crypto assets on its new 2020 Technology Pioneers list.
Chainlink and MakerDAO are listed among 100 companies whose cutting-edge technology could have a major impact on global issues.
Chainlink, along with its native crypto asset LINK, is a decentralized oracle network that allows traditional enterprises to integrate real-world data into smart contracts on the blockchain. MakerDao, an open platform for equal access to high-quality financial services such as loans, utilizes a dual coin system with the stablecoin DAI and the volatile token MKR.
The World Economic Forum’s head of the Global Innovators Community Susan Nesbitt says its list targets companies that could help “reset society” and build a better future.
This year’s class of Technology Pioneers are improving society and advancing their industries around the world. These are the companies that think differently and stand out as potential game-changers. We’re looking forward to the role they’ll play in shaping the future of their industries.”
LINK is one of the best-performing cryptocurrencies of the year, shooting from $1.79 on January 1st to its current price of $4.02, according to CoinMarketCap.
Meanwhile, MKR has lost ground, dropping from $538.98 at the start of the year to $433.65 at time of writing. DAI has maintained its 1:1 peg to the US dollar.
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/steved_np3