eCash
Candlefocus EditorUnfortunately, despite the ample interest and partnerships with major banks, eCash never caught on as it had promised. After much effort, DigiCash was forced to file for bankruptcy in 1998.
Dr. Chaum, however did not give up on his vision of bringing revolutionary changes to the world of currency. In 2018, he launched a new startup in the field of applied cryptography. This new venture looks to bring a new level of anonymity to digital currency by developing an app specifically designed to increase privacy of cryptocurrency users.
Though eCash may have ultimately been unsuccessful, the concept of digital currency has exploded, providing users with a secure, anonymous form of transferring funds with increased privacy. The technology created by Chaum was groundbreaking and formed a foundation for many of the advancements that have been make since in the cryptocurrency industry.