Top 10 Blockchain companies in India
Dec 06, 2017 Posted / 15817 Views
The blockchain is the buzzword of the 21st century. The forecasters have revealed that the Blockchain technology will disrupt most of the industries. The world is changing at a very fast pace and it is unavoidable to dismiss the technological advancement. As a result, the business houses in India are also tilting towards the use of this modern day technology.
There are news reports stating that Mahindra and IBM are collaborating together to search Blockchain technology for capturing supply chain and logistics. Moreover, in this year only ICICI bank started working to adopt Blockchain in order to further the motive of expanding the digital banking.
The Make in India initiative coupled with the digitization schemes is working to amalgamate Blockchain technology with the Indian market. Though the technology is still in its blooming days and needs time to mature, though young entrepreneurs are sensing opportunities in Blockchain supported startup ideas.
A blockchain can be described as a digital ledger of records which can be shared. It is very safe and all the data is arranged in blocks. These blocks are primarily constantly updated lists which cannot be changed. The database of records automatically adds the developments after every 10 minutes whenever any alteration is made. This database is basically distributed over a network of computers called nodes. Every node documents or duplicates the information on the block. As a result, whenever the data is updated, retrieved or verified, the past record is available publically and easily accessed.
In this article, we will discuss the top 10 blockchain companies in India:
HashCove facilitates in analyzing, authenticating, designing and developing end to end software with the help of Blockchain. The Blockchain Products Company is the branch of uTrade Solutions, a FinTech company. uTrade is a platform that assists in multi-asset trading platform, lesser abeyance algos engine, contingency management and lastly, Blockchain Solutions.The company is renowned among its foreign clients, which are predominantly global financial institutions.
Founder: Kunal Nandwani
Founding Year: 2016
Bitindia a yet to be launched cryptocurrency exchange and wallet is already making rounds among its competitors. It is a decentralized platform which will admit investors and sellers to trade and sell cryptocurrency around the globe. The company has the motive of enlightening people of India about cryptocurrency and increase the Indian investment. The mission statement says that it is blockchain wallet & exchange “for the streets of India”. The exchange trades will be available on different cryptocurrencies. It is speculated that BitIndia will in have a great user base with its secure and convenient features.
Founding Year: 2017
Unocoin which provides liquidity exchange rather than peer-to-peer exchange is a Bitcoin wallet based out of India. The convenience in use makes it one of the renowned names in the market. On Unocoin, the users can engage in buying, selling and storing of the bitcoins. Moreover, the added advantage is the Bitcoin SIP service which is also available. Also, the blockchain solution has partnered with Netki to facilitate in remembering the Bitcoin addresses.
Founding Year: 2013
Zebpay is an online cryptocurrency mobile wallet which is available for android and IOS. The application allows to purchase, sell, buy and invest in Bitcoins. Zebpay is basically the subsidiary product of the company Zeb IT services Private Limited based which was earlier operating as BuySellBitco.in
Founding year: 2012
Coinsecure the blockchain backed technology which was created with the motive of “Connecting India to Bitcoin” has now shifted its focus to creating an entire ecosystem for Bitcoin and Blockchain. Coinsecure have an array of products and services, for example, Bitcoin exchange and wallet, Blockchain solutions, merchant gateway, comprehensive API’s and a telnet service.
Founding Year: 2014
Primechain provides blockchain solutions to various industries which include banking, capital markets, healthcare & pharmaceuticals, insurance and more. They have some listed blockchain products such as Primechain Contract, Primechain loan, Primechain KYC
And money solutions.
Founding year: 2016
EzyRemit is a blockchain backed company which is working to provide easy remittances. The company promises to provide innovative solutions to some of the long-standing exhausters of fintech and banking. Also, EzyRemit is working to solve the payment issues with their flagship products. EzyRemit is also available as a demo.
Founding Year: 2015
Founders: Vishal Kanvaty , Abhijeet Jaswal
KrypC another fintech in the list is a blockchain solutions and service provider which finds creative ways to back the companies. According to the reports, the company is developing industry examples based on the blockchain model. This framework will apparently help organizations to collaborate the latest processes with the DLT network.
Founding Year: 2015
Psi Phi mainly works in developing blockchain solutions in three main sectors: Supply Chain, Telecom and Healthcare. The company has core products like Crypt Locker and Digi Rail. The former stores and distributes documents on the blockchain with the help of set APIs. The latter on the other hand helps in optimising data for the supply chain management.
Founding Year: 2016
Sofocole is a blockchain based service provider with the global presence. The company generates consultation for wallets and exchange. Also, it promotes private blockchains and the products based on smart contracts. Their products SofoCap and SofoChain have already gained popularity.
Founding Year: 2016
Founders: Nidhi Chamria
Applancer is an open platform for discussion on all things like Blockchain , Cryptocurrency and Ico news updates. As such, the opinions expressed in this article are the author's own and do not necessarily reflect the view of Applancer .
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