There’s no doubt that blockchain is one of the hottest topics in the tech world right now. The distributed ledger technology has the potential to revolutionize a wide range of industries, from finance and healthcare to supply chain management and voting.
With so much excitement around blockchain, it’s no surprise that there are already a number of well-funded startups working on blockchain-based solutions. In this article, we’ll take a look at 10 of the most promising blockchain companies out there.
Before we jump into the list, let’s first get a quick understanding of what Blockchain companies are.
Also read: What Is A Blockchain? – A Brief Introduction
What are blockchain companies?
Blockchain companies are those that develop or invest in blockchain technology. The technology is a distributed database that allows for secure, transparent and tamper-proof transactions. The most well-known use case of blockchain is Bitcoin, but the technology has many other potential applications.
There are a few different types of companies that have sprung up in the blockchain industry. But blockchain companies can be broadly classified into three categories:
- Infrastructure providers
- Application developers
- Service providers
Infrastructure providers are companies that build the underlying technology platforms that power blockchain applications. These include firms that develop blockchain protocols, create decentralized storage solutions, and build tools for managing digital assets.
Application developers are firms that build apps that run on top of blockchain platforms. These include companies that are developing decentralized versions of existing centralized apps, as well as firms that are building entirely new applications from scratch.
Service providers are companies that offer services to help businesses get started with blockchain technology. These include firms that offer consulting services, provide training on how to use blockchain platforms, and build custom blockchain solutions for enterprise clients.
Top 10 blockchain companies of 2022
Let’s now get started with the list of the 10 best blockchain companies of this year. While there are many new startups that rise and fall, these companies have stuck around long enough.
Blockstream is a venture-funded blockchain technology company founded in 2014 by Adam Back, Gregory Maxwell, and Pieter Wuille. Blockstream is the leading provider of blockchain technologies, committed to enabling global access to a free and decentralized financial system.
The company’s products and services advance the adoption of blockchain technology by delivering essential infrastructure, tools, and software for powering markets, payments, and communications. Blockstream’s products and services include the Blockstream Green Wallet, the Blockstream Explorer, and Blockstream Satellite.
- Blockstream Green Wallet is the world’s first multi-currency wallet with built-in support for Bitcoin, Liquid, Ethereum, and more
- Blockstream Explorer is a blockchain explorer that provides real-time data on the Liquid Network and other blockchains
- Blockstream Satellite is a global broadcast network that brings blockchain data to people without internet access.
Coinbase was founded in June 2012 by Brian Armstrong and Fred Ehrsam. Coinbase is a digital currency exchange headquartered in San Francisco, California. They broker exchanges of Bitcoin, Ethereum, Litecoin, and other cryptocurrencies with fiat currencies in 32 countries, and bitcoin transactions and storage in 190 countries worldwide.
Coinbase has been described as the most popular cryptocurrency exchange in the world. According to an article by Fortune, Coinbase was the most downloaded iPhone app in December 2017. In March 2018, Coinbase announced that it had reached a user base of 13 million.
Coinbase has also been accused of being a central point of control for the Bitcoin market because it holds such a large amount of Bitcoin. In February 2014, Coinbase received a US$25 million investment from Andreessen Horowitz, which was the largest investment for a Bitcoin company at the time.
Chainalysis is a bitcoin startup that provides analysis of blockchain transactions. The company was founded in 2014 by Michael Gronager, Jens Lykke, and Nicolas Kumentschenko. It has raised $1.6 million in venture capital from Benchmark Capital and Digital Currency Group.
Its software enables law enforcement agencies and financial institutions to track and investigate illicit activity on the bitcoin blockchain. The company has been used by the FBI, Interpol, and Europol. In 2016, Chainalysis partnered with the software firm Palantir Technologies to offer its services to financial institutions.
Bitfury is a private technology firm that specializes in Bitcoin and blockchain-related software and hardware products. Founded in 2011 by Valery Vavilov, Bitfury is one of the oldest and largest Bitcoin companies. It has raised over $90 million in venture capital funding and is one of the most well-known names in the Bitcoin space.
Bitfury is best known for its work in developing and deploying the software that powers the Bitcoin blockchain. The firm has also been a major player in building out the infrastructure needed to support the Bitcoin network, including mining facilities and transaction processing centers.
In recent years, Bitfury has expanded its business beyond just developing and selling Bitcoin-related technology. The firm now also runs a number of businesses that are built on top of the Bitcoin blockchain, including a digital asset exchange, a cryptocurrency mining pool, and a merchant payment processing service.
R3 was created by a consortium of leading banks and financial institutions to develop a new way of conducting transactions and managing data. The group was formed in 2015 with the aim of finding a better way to manage the increasing number of transactions being conducted on a daily basis. The consortium members include major banks such as HSBC, Barclays, UBS, and Goldman Sachs.
Its goal is to develop a new blockchain platform that can be used by banks and other financial institutions to streamline transactions and make them more efficient. The group is also working on developing new applications for blockchain technology that can be used in a variety of industries.
Their blockchain platform is based on the Ethereum blockchain and has been designed to be scalable and flexible. The platform is also being tested by a number of major banks and financial institutions.
Founded in 2014, Digital Asset is a leading provider of blockchain technology. The company’s mission is to empower the world’s most innovative organizations to work across traditional boundaries and create interconnected networks where information and assets flow freely.
Digital Asset’s products are built on DAML, the leading platform for building and running sophisticated, multi-party applications leveraging an innovative smart contract language and tooling.
DAML Enterprise enables global connectivity and synchronization, helping organizations get to market quickly with full-stack, multi-party solutions that scale as business needs evolve. DAML Hub allows enterprises to experiment with new, differentiated features without the added costs of handling production operations.
With unparalleled privacy and a best-in-class SDK, DAML ensures all participants in an application stay in sync and have access to reliable, real-time data. DAML Open Source is used by major financial institutions such as Goldman Sachs, BIS, HKMA, and Xpansiv to build next-generation applications.
Digital Asset is headquartered in New York with offices in San Francisco, Boston, London, Zurich, Hong Kong, and Sydney.
Ethereum was initially described in a white paper by Vitalik Buterin in late 2013 as a result of his research and work in the blockchain space. Buterin had proposed that Bitcoin needed a scripting language for application development. Failing to gain agreement, he proposed the development of a new platform with a more general scripting language.
8. Ripple Labs
Ripple is a decentralized network of servers that allows for fast and cheap international payments. Ripple was founded in 2012 by Arthur Britto, David Schwartz, and Jed McCaleb. McCaleb is also the founder of the now-defunct Mt. Gox exchange. Ripple’s native currency is XRP, which is used to facilitate transactions on the network. Ripple has been praised for its potential to revolutionize the financial sector, but it has also been criticized for its centralization and lack of transparency.
Anchor is a decentralized protocol for storing and transferring value between blockchains. It allows users to securely connect their favorite blockchain applications to the Anchor network, without the need for a central third party. The Anchor Protocol is designed to work with any type of blockchain, including public, private, and permissioned chains.
The Anchor Protocol was created by a team of experienced blockchain developers, led by co-founders Jett Marks and Thomas Hunt. The team is based in San Francisco and is backed by notable investors such as Boost VC, True Ventures, and Blockchain Capital.
Solana is a project that was created by the team behind the popular cryptocurrency exchange, Coinbase. The goal of Solana is to create a high performance blockchain that can process thousands of transactions per second. To achieve this, Solana uses a new consensus algorithm called Proof of History (PoH). PoH is similar to Proof of Work (PoW) but it does not require miners to solve complex mathematical problems. Instead, PoH requires nodes to keep track of a hash chain that is used to timestamp each block. This hash chain is created by a random number generator that is seeded by the previous block’s hash. This makes it impossible for two blocks to have the same timestamp, which prevents double spending.
Solana is written in the Rust programming language and it is designed to be a platform for building decentralized applications (dApps). Solana also has a native token called SOL, which is used to pay for transaction fees and to reward nodes for participating in the network. The current supply of SOL is approximately 10 billion.
The Solana team is led by CEO Anatoly Yakovenko, who has a background in aerospace engineering. Yakovenko is also the founder of the popular cryptocurrency exchange, Coinbase. The Solana project has received backing from some of the biggest names in the cryptocurrency industry, including Sequoia Capital, Andreessen Horowitz, and Polychain Capital.
As the blockchain technology is still in its early developmental stage, it is hard to say definitively which applications will succeed and which will fail. However, the potential for blockchain technology to revolutionize a wide range of industries is undeniable. The companies on our list are some of the most innovative and well-funded blockchain startups in operation today, and we believe they are well positioned to capitalize on the growing blockchain market.
We hope you found this list of top blockchain companies helpful. If you have any suggestions for additions or amendments, please let us know in the comments below. Thank you for reading!