Interested in blockchain technology? Are you looking for the best of its companies?
You may be a developer or a technician who wants to work for a good blockchain company. There can be any reason to learn more about Blockchain technology and its leading companies.
Although blockchain is part of a new technology, it is popular and many are interested in capitalizing on the technology. It is a phenomenon that is transforming not only the financial industry, but also other key sectors such as the healthcare industry, media, aviation and even government parastatals.
You may have heard of blockchain in connection with bitcoins and other cryptocurrencies, but it is actually more than that; it is a decentralized technological system in which transactions made in digital currencies are recorded and stored on multiple computers that are linked together.
It is a growing list of records, called blocks, linked to cryptography and functioning as a distributed registry, managed by a peer-to-peer network, linked to a protocol for inter-node communication and creation of new blocks.
How did blockchain come to be?
Blockchain existed as a concept in computer science even before it was used in cryptocurrency. The original form of blockchain was known as the hash tree or Merkle tree, patented by Ralph Merkle in 1979. It functioned by verifying and processing data between computer systems.
In 1991, Merkle’s tree was used to create a “secure block chain” of several data that were chained together one by one. The newest entry in the chain would contain the history of the entire chain, and this is how the blockchain was formed.
In 2008, a group of people known as Satoshi Nakamoto proposed the concept of a distributed blockchain that would contain a secure history of data exchange. It functions through a peer-to-peer network to time-stamp and verify exchange transactions and can be managed independently without a central authority.
The peer-to-peer version of this electronic money is known as “bitcoin,” and this is how the blockchain we know today came about.
How does blockchain work?
Blockchain records and maintains all data exchanges, and this record is known as a ledger, and the exchange data recorded in this ledger is called a transaction.
When a transaction is verified, it is added to the ledger as a block and the peer-to-peer network of nodes is verified using a distributed system. When a new transaction is verified, it is added to the blockchain and cannot be changed.
It is connected through many computers, known as nodes, and each has a copy of the blockchain. Nodes ensure that transactions are not altered by hash verification, a transaction is written to a block only if it has been approved by a large number of nodes.
Each block references the previous block and together form a blockchain. The blockchain is updated every ten minutes.
So far we have seen what blockchain is, how it originated, how it functions, etc., we will look at the ten most popular blockchain companies.
Blockchain as a Service (Baas)
You may be thinking about using the services of a blockchain company, but before you do, you need to check what services they provide. When we talk about blockchain services, they are not limited to bitcoins and other cryptocurrencies, but can also be used in many other ways.
The technology industry has opened up so many applications of blockchain in finance and other key industries. Blockchain distributed ledger technology can be used to increase transparency in data management and reduce fraud.
It allows all customers to access a cloud-based solution, create, host and use their own blockchain applications, smart contracts and other functions on the blockchain system, while the blockchain company takes care of all the activities involved in maintaining the functions.
List of the World’s Best Blockchain Companies
Listed below are the most popular blockchain technology companies and service providers that provide blockchain services.
- ScienceSoft
- Ripple Labs Inc.
- LeewayHertz
- Blockchangers
- Techgoners
- ChromaWay
- OpenLedger
- Ezetek
- Limechain
- Chain
- Intellectsoft
1) ScienceSoft.
With 32 years of custom software development experience, ScienceSoft offers end-to-end development of custom blockchain solutions, including smart contracts, private blockchain, blockchain-based wallets, and dApps and DAOs.
Using Ethereum, Graphene and Hyperledger, the company helps clients automate, protect and improve business processes related to:
- Supply chain and asset management
- Trading and cross-border payments
- Document and claims management
- Identity management
- Customer experience management and more.
In addition to custom development, ScienceSoft’s blockchain offering includes blockchain consulting (with total cost of ownership calculations, architecture design, security consulting, etc.) and integration of blockchain applications or components.
ScienceSoft is ISO 9001 and ISO 27001 certified and thus guarantees professional quality management and information security in all its projects.
Headquarters: McKinney, Texas.
Employee count: 700+
Estimated annual revenue: $25 million.
2) Ripple Labs Inc.
This American fintech company, founded by Brad Garlinghouse in 2012, developed the Ripple protocol and exchange platform that provides cross-border payment solutions using blockchain technology. Ripple’s decentralized financial tools provide seamless cross-border payment processing.
Ripple offers a real-time payment system that allows banks and other financial service providers to interact directly with each other without any third-party correspondence. They connect banks, other financial service providers and global merchants through their global payment system, RippleNet.
Ripple’s xCurrent enterprise software solution allows banks to track end-to-end transactions. Its xRapid allows banks to solve liquidity problems by using its XRP token as a bridge between currencies to facilitate cross-border transactions.
xVia is another financial tool developed by Ripple that allows businesses to send payments via RippleNet.
Ripple has $93.6 million in funding and has offices in eight countries, i.e. New York, Singapore, Sydney, India, Brazil, Luxembourg and the United Kingdom.
Headquarters: San Francisco, California, U.S.
. Employees: The company has six key people in management, including the CEO, and an additional 150 employees.
Estimated annual revenue: $5 million. According to the 2018 sales summary chart compiled by Ripple and its subsidiary XRP II, LLC, they were $65.27 million and $98.06 million, respectively.
3) LeewayHertz.
This is a blockchain company that specializes in building blockchain applications for startups and enterprises. This award-winning software development company was founded in 2007 and has created several digital platforms in the cloud, mobile devices, blockchain and IoT.
Its services include software development, Hedra hashgrapgh consulting, ICO launches and STOs. They also specialize in blockchain development on another platform, dApps and smart contracts.
Headquarters: San Francisco, California, USA. Additional offices are in Lake Forest, Illinois, and Gurgaon, India.
Number of employees: 250.
Estimated annual revenue: $1 million.
4) Blockchangers.
This company is based in Norway and was launched in 2015 to help clients understand and use blockchain technology. They work to promote blockchain through collaboration with private and public institutions to determine the future of blockchain.
Blockchangers hosts the largest blockchain conference in Northern Europe, Oslo Blockchain Day, and their clients include DNB Bank, PwC, Lyse, Datatilsynet, Trigger, Kantega and many others.
Their services also include lectures, seminars, consulting, blockchain development, banking software development, client services, etc.
Headquarters: Oslo, Norway.
Number of employees: 6
Estimated revenue: NOK 1-5 million.
5) Techgoners
Techracers is now renamed Deqode. Deqode provides businesses with blockchain solutions to solve complex problems. It will help businesses streamline their business processes and drive business growth.
Deqode has expertise in blockchain, DLT, software, development, consulting, crypto and applications. It provides solutions for enterprises, startups and labs.
Headquarters: Wilmington, Delaware.
Number of employees: 51 to 200
Estimated revenue: $10 million .
6) ChromaWay
This blockchain development company was founded in 2014 to develop a blockchain platform that works with the private and public sectors to create smart contracts and other decentralized blockchain applications mainly for real estate and finance.
One of their major achievements was the creation of the Green Asset Wallet, a platform that connects green investors with potential investment opportunities. This initiative contributed to the goals of the Paris Climate Agreement.
Their focus is on blockchain as a database, and they have introduced postchain, a distributed database management tool with distributed control.
Their services include blockchain development, digital currencies, tokenization, consortium database, etc.
Headquarters: Stockholm, Sweden. It also has offices in Taipei and Palo Alto.
Employees: 13.
Estimated revenue: $2 million .
7) The Open Ledger
This company works with clients around the world to create innovative blockchain solutions and products. It also allows them to use their existing blockchain solution to grow their business and reduce costs. It creates new business tools for customers based on revolutionary decentralized networks that can transform businesses.
This Danish blockchain company was founded in 2014 by Ronnie Bosing. Its services include blockchain development such as Graphene, Bitshare and HyperLedger. ICO/ITO services such as ICO escrow, ICO consulting, ICO technical support, ICO marketing and PR.
Headquarters: Denmark. It is also located in Belarus.
Employees: 60.
Estimated revenue: $1.6 million.
8) Ezetek.
Ezetech is a web development and tech company that was launched in 2015 and works with non-technical companies that want to launch blockchain projects.
It offers IT consulting to non-technical entrepreneurs in New York and helps them solve technology problems. They accomplish this by working with companies or startups at an early stage to create minimally viable products (MVPs) to accelerate iteration.
Their services include web development, MVP development, technical consulting, and hiring services.
Headquarters: New York City, USA. It also has offices in Australia and New Zealand.
Employees: 35
Estimated revenue: $2.6 million .
9) Limechain.
Limechain is a blockchain development company that specializes in building blockchain solutions for startups and corporate businesses. This company, based in Sofia, Bulgaria, was founded by four friends in November 2017. Their goal was to initiate the development of blockchain both locally and internationally.
Its client list includes large companies such as Arxum, Vaulttitude, LockTrip, Propy and Iris.Ai. Their services include blockchain development, smart contracts, ICOs and mass sales.
Headquarters: Bulgaria
Number of employees: 50
Estimated revenue: $1.7 million
10) Chain
Chain is a blockchain development company founded in 2014. It specializes in creating cryptographic registries for financial services companies. Based in the U.S., the company uses its blockchain-based tools to help banks, stock exchanges and credit card companies secure, trade and manage financial assets.
The network has partnered with major financial companies such as Citigroup, Visa, Capital One, Nasdaq, Orange, Fiserv and RRE Ventures.
They created a sequence registry as a service that works with a private registry and public networks for secure token transactions. It can be used for mobile wallets, sharing apps and cryptocurrency exchange platforms. Another is a virtual transaction machine called TxVM.
Its other services include blockchain development, cryptography, payment systems, distributed system, accounting technology, etc.
Headquarters: San Francisco, USA
Number of employees: 40
Estimated revenue: $4 million
11) Intellectsoft
Intellectsoft is a mobile application development company that has evolved over the years into a software solutions company. It was launched in 2007. They provide software development and consulting services on emerging technologies such as blockchain, artificial intelligence, cloud computing, Internet of Things, etc.
They are innovative and offer help to clients who want to protect technology products for business with a distributed blockchain registry and smart contracts protocol.
The company began developing the app in 2007 and has worked with Fortune 500 companies and world-class brands such as Nestle, Jaguar, Eurostar, Ernst and Young. Their innovative work has made them one of the top blockchain companies in 2018.
Their services include app development, blockchain consulting, and business transformation.
Headquarters: Palo Alto, USA. They also have offices in Silicon Valley, New York, London, Oslo, Minsk and Kiev.
Employees: 350
Estimated revenue: $12.2 million.