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Discover 6 Blockchain Startups You Should Watch in 2021
In 2021, you should know emerging startups that will impact the blockchain sector this year. Discover 5 hand-picked, global startups that were founded in 2020 and develop innovative solutions for your sector!
Despite the challenges caused by the COVID-19 pandemic and increasing economic uncertainty, 2020 still managed to produce major tech breakthroughs, as well as thousands of startups. To introduce you to 6 emerging startups founded in 2020, we analyzed 2.018 blockchain startups. All of them develop innovative solutions spanning from cryptocurrencies and smart contracts to end-to-end traceability.
The 6 promising blockchain startups you should watch in 2021 were hand-picked based on our data-driven startup scouting approach, taking into account factors such as location, founding year, and relevance of technology, among others. The 2.018 companies that were analyzed for this report are identified using the StartUs Insights Discovery Platform, covering 1.379.000+ startups & scaleups globally. When you are looking for up-to-date blockchain solutions for your innovation units, R&D, or product development department, the StartUs Insights Discovery Platform gives you the most exhaustive collection and ensures you continuously discover new startups, scaleups, and technologies. For access to the platform or custom insights, get in touch.
What is a blockchain startup?
The answer to this question is simple but it has far-reaching implications. A blockchain startup is a startup or a company in the early stages of development that uses blockchain ideals in their business model. That’s the simple part; the complicated one is that this covers a lot of different industries that we will talk about later. A core tenet in a blockchain project seems to be a desire to “disrupt” the industry in which the startup operates. This means they want to take advantage of the unusual features of the blockchain to allow consumers to function in more different and unique ways. This usually puts power in the hands of consumers.
This ideal is a good fit for startups because when anyone tries to do something new, they want to challenge the status quo and offer people better solutions. However, blockchain startups encounter a particularly difficult challenge that not many other startups face. Blockchain is still a relatively new technology that is rapidly growing itself but lacks technical support. Getting started can be very difficult if there are not many people who can make what is needed to achieve results.
What’s more, the overall adoption of blockchain is still very gradual. Your aunt or uncle may know the term “Bitcoin” but they’re unlikely to know that a blockchain is behind it, let alone how the blockchain operates. A more traditional software startup does not have to struggle with that particular problem. The number of developers is growing rapidly, and everyone uses some sort of smart device or at least a smartphone. A traditional startup doesn’t need to worry about global adoption when its base platform is ubiquitous.
Blockchain technology could be abstracted in a way to look more “user friendly” but it almost always involves a learning curve. That’s what happens when you try to flip something on its head. Blockchain startups are revolutionizing too fast but Rome wasn’t built in a day. It’s important to keep trying new things so that we as a society can develop.
Top 15 Blockchain Startups in 2021
1. Coinfirm
Confirm is all about integrating blockchain with the economy. This includes governments, regulators, as well as various financial institutions. Blockchain applications are about decentralization, right? The basic aim is to let the users have the ultimate power.
Without revealing the user’s identity, this AML-based platform is committed to checking money laundering activities. They just review the user’s activity to determine their digital reputation and use it to classify their associated risk status.
2. Genomes
3. Neufund
4. Fetch.AI
This startup tries to read the features of illegal activities using AI. Fetch.AI is good for security and management as it helps its end users identify and alert themselves and the network, in cases of dubious movements in the system.
5. CiveQ
CiveQ is a startup that is based in the UK. They simplify the process of investing in clean energy drives by making the process transparent and secure. For several years, legal bodies have operated and owned the clean energy drives and their related infrastructures, like solar arrays, wind turbines, and so on.
6. QubiTech
QubiTech is based in Estonia. This startup produces blockchain ecosystems with the use of quantum technologies. They additionally leverage unique cryptography to improve their end users’ privacy against cyber attacks. Just what we all need!
7. OriginStamp
The internet has a tremendous amount of records and documents, right? However, there doesn’t exist any proof of their authenticity. Hence, you can’t really download and present them to the government, or the healthcare, or even to the financial services corporations. What on earth! I know!
Now, what happens is, whenever a user will upload any document to the dashboard, this platform will timestamp it and simultaneously update it with the blockchain ledger. Bingo! Now, no one can tamper with the authentic document anymore!
8. Storj
Storj is committed to cultivating a cloud storage network that is decentralized so as to reduce the cost and enhance the safety of stored data in the cloud. Sounds like something the whole internet needs, right?
9. BitPesa
BitPesa is basically a merchant-focused platform with origins in Kenya. The best part is that it has been successful in attracting lead investors like FuturePerfect Ventures, Draper Associates, Pantera Capital, as well as Blockchain Capital.
10. Elrond
11. Polygon
Have you heard of Mark Cuban, the renowned US-based startup investor? Well, he has made heavy investments in this startup. The funds were used to drive Polygon SDK that encourages developers to rapidly deploy Ethereum-compatible network chains through an in-built Ethereum Virtual Machine, with the help of a pluggable module set.
12. Solve.Care
As a result, they introduced a decentralized way of controlling and supervising the disbursement of benefit claims and payments. To do so, the organization gripped clinics, insurance companies, healthcare providers, benefits administrators as well as some corporates too.
Resources:
https://www.startus-insights.com/innovators-guide/discover-6-blockchain-startups-you-should-watch-in-2021/
https://pixelplex.io/blog/top-blockchain-startups/#:~:text=%20These%20are%20the%20steps%20that%20form%20the,Select%20the%20right%20blockchain%20platform.%20The…%20More
https://thecodework.com/blog/top-15-blockchain-startups-2021/
Blockchain startup
What they do: Similar to US-based Robinhood, Botin is a Latin American focused trading app designed to appeal to retail investors by removing barriers to entry. In particular, they allow crypto trading with no minimums and no commissions. According to their website, they have 10,000 app users.
49 Soaring Blockchain Companies & Startups (2022)
What they do: Mintable is looking to capitalize on the NFT boom by offering a marketplace where users can mint, manage, sell and buy NFTs. The startup is interested in expanding its network onto other blockchains (in addition to its Ethereum-based network.) The startup has attracted the interest of billionaire entrepreneurs such as Mark Cuban.
What they do: Zerion has built a digital marketplace that allows users to invest in multiple DeFi projects. The marketplace offers convenience by allowing users to get data on DeFi projects, trade them and track their portfolio, all under a single platform. The marketplace supports over 60 DeFi projects and has over 200,000 monthly active users.
What is a blockchain startup?
The answer to this question is simple but it has far-reaching implications. A blockchain startup is a startup or a company in the early stages of development that uses blockchain ideals in their business model. That’s the simple part; the complicated one is that this covers a lot of different industries that we will talk about later. A core tenet in a blockchain project seems to be a desire to “disrupt” the industry in which the startup operates. This means they want to take advantage of the unusual features of the blockchain to allow consumers to function in more different and unique ways. This usually puts power in the hands of consumers.
This ideal is a good fit for startups because when anyone tries to do something new, they want to challenge the status quo and offer people better solutions. However, blockchain startups encounter a particularly difficult challenge that not many other startups face. Blockchain is still a relatively new technology that is rapidly growing itself but lacks technical support. Getting started can be very difficult if there are not many people who can make what is needed to achieve results.
What’s more, the overall adoption of blockchain is still very gradual. Your aunt or uncle may know the term “Bitcoin” but they’re unlikely to know that a blockchain is behind it, let alone how the blockchain operates. A more traditional software startup does not have to struggle with that particular problem. The number of developers is growing rapidly, and everyone uses some sort of smart device or at least a smartphone. A traditional startup doesn’t need to worry about global adoption when its base platform is ubiquitous.
Blockchain technology could be abstracted in a way to look more “user friendly” but it almost always involves a learning curve. That’s what happens when you try to flip something on its head. Blockchain startups are revolutionizing too fast but Rome wasn’t built in a day. It’s important to keep trying new things so that we as a society can develop.
# 10. Ferrum: Equipment leasing
A Canadian company that uses the blockchain to increase transparency and efficiency in equipment leasing. They work with enterprises in such sectors as energy, transport, agriculture, technology and construction, as well as with the public sector, including schools, universities, municipalities and hospitals.
- For tenants. Easy access to the global market, which makes it possible to choose from the maximum number of suppliers of equipment and leasing services. This increases the level of competition in the market, which in turn leads to lower prices and improved service quality.
- For landlords. Access to global markets, which makes it possible to provide services not to a limited number of consumers in a particular region, but to the whole world. Thanks to this, efficient landlords will receive new sources of financing and will reduce the time for finding new customers from several weeks and months to several days and even hours.
- For donors. The ability to provide financial services to a much larger number of potential customers, which leads to an increase in the volume of transactions and the number of transactions (i.e., donor profits). In addition, increased competition leads to lower risks for donors, since high competition leads to lower fraud.
- For vendors. For the first time, they have the opportunity to sell their products on an industrial scale, providing equipment and services to the global pool of customers, rather than to individual farmers and companies.
10 Hot Blockchain Startups Ideas key takeaways:
Resources:
https://explodingtopics.com/blog/blockchain-startups
https://pixelplex.io/blog/top-blockchain-startups/
https://merehead.com/blog/10-hot-blockchain-startups-ideas/
Blockchain startup
We can boast of a competent technical team that has analytical and critical thinking skills that can help them find creative solutions for our clients. Aside from the synergy that exists in our carefully selected workforce, we have a very strong online presence, we are well positioned and we know we will attract loads of clients from the first day we open our doors for business.
10 Most Innovative Startups In Blockchain
The launch of Bitcoin (BTC) did not just create a cryptocurrency. It also put a spotlight on blockchain technology. This kickstarted an entirely new industry comprised of companies developing applications underpinned by blockchain. Hundreds of blockchain startups have been launched in the last couple of years. However, only a few have managed to capture the attention of investors and the blockchain community.
What is blockchain? This technology has the potential to disrupt many aspects of business, economy, and even society. That’s why many consider it to be the most significant invention since the Internet. In addition to blockchain startups, many large companies (Walmart, for example) have embarked on a mission to develop distributed ledger technology applications to make their daily processes more efficient. For example, shipping giant Maersk and IBM have recently launched a blockchain-based global supply chain platform. Additionally, many banks are looking at blockchain to improve cross-border transactions.
Blockchain startups are also exploring ways to harness the technology and bring it closer to people. Due to decentralization, blockchain creates a safe and secure ecosystem where transactions and data cannot be changed or removed. This key feature is what gives the technology the potential to act as a major disruptor.
Blockchain Startups Solve Inefficiencies
The best blockchain startups look at a niche that distributed ledger technology can improve and create a product accordingly. Blockchain startups also help spread mass adoption of both blockchain technology and cryptocurrency.
The healthcare industry deals with a lot of data, from patient records to supply chains of drugs and vaccines, to regulatory information. All this information requires high levels of security and any mistakes or malevolent attempts to tamper can have dire consequences. That’s why blockchain is a perfect solution for the healthcare industry.
One of the startups that aim to disrupt the healthcare industry with blockchain is BurstIQ. This company uses blockchain to create a platform that securely stores and manages health data. Enterprises can use BurstIQ to create better health and wellness products and even find marketplaces for insurance products. The company works with healthcare providers, pharmaceutical companies, insurers, governments and more to help them manage data and improve transparency.
A Sample Blockchain Startup Business Plan Template
1. Industry Overview
Blockchains are secure databases by design. The concept was introduced in 2008 by Satoshi Nakamoto, and then implemented for the first time in 2009 as part of the digital bitcoin currency; the blockchain serves as the public ledger for all bitcoin transactions.
A blockchain has been described as a value-exchange protocol for internet – based transactions. At present, there are at least four types of blockchain networks — public blockchains, private blockchains, consortium blockchains and hybrid blockchains.
The technology behind the blockchain concept underpins digital currency (Bitcoin, Litecoin, and Ethereum among others). Blocks hold batches of valid transactions that are hashed and encoded into a Merkle tree. Each block includes the cryptographic hash of the prior block in the blockchain, linking the two.
Sol Steve® Blockchain Platform & Technology Company is an enterprise blockchain platform that delivers privacy, security, interoperability and scalability. The business will be based in Silicon Valley – California and we are able to secure a well – positioned and standard office facility.
We are aware that to run a standard blockchain platform & technology company can be demanding which is why we are well trained, certified and equipped to perform excellently in our chosen line of business.
Sol Steve® Blockchain Platform & Technology Company is a client – focused and result driven blockchain platform & technology company that offers new tools for authentication and authorization in the digital world that preclude the need for many centralized administrators.
We will provide broad – based services and cryptocurrency at an affordable fee that won’t in any way put a hole in the pocket of our clients. We will offer standard and professional services to all to our clients. We will ensure that we work hard to meet and surpass our clients’ expectations whenever they make use of our platform.
At Sol Steve® Blockchain Platform & Technology Company, our client’s best interest would always come first, and everything we do is guided by our values and professional ethics. We will ensure that we hire professionals who are well experienced in blockchain and the cryptocurrency and digital payment system industry in general.
Sol Steve® Blockchain Platform & Technology Company is going to offer varieties of services within the scope of the blockchain (cryptocurrency and digital payment system) industry in the United States of America.
Our intention of starting our blockchain technology company is to work with bitcoin exchange and trading companies cum bitcoin traders and people and organizations that make online transactions in our immediate community and people on the cyber space who make online transactions from all over the world.
We are prepared to make profits from the industry and we will do all that is permitted by the law in the United States to achieve our business goals, aim and ambition. Our business offerings are listed below;
4. Our Mission and Vision Statement
Ordinarily we would have settled for two or three staff members, but as part of our plan to build a standard blockchain platform & technology company in Silicon Valley – California, we have perfected plans to get it right from the beginning which is why we are going the extra mile to ensure that we have competent, honest and hardworking employees to occupy all the available positions in our firm.
- Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results
- Creating, communicating, and implementing the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
- Responsible for fixing prices and signing business deals
- Responsible for providing direction for the business
- Creating, communicating, and implementing the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
- Responsible for signing checks and documents on behalf of the company
- Evaluates the success of the organization
- Responsible for overseeing the smooth running of HR and administrative tasks for the organization
- Regularly hold meetings with key stakeholders to review the effectiveness of HR Policies, Procedures and Processes
- Maintains office supplies by checking stocks; placing and expediting orders; evaluating new products.
- Ensures operation of equipment by completing preventive maintenance requirements; calling for repairs.
- Defining job positions for recruitment and managing interviewing process
- Carrying out induction for new team members
- Responsible for training, evaluation and assessment of employees
- Responsible for arranging travel, meetings and appointments
- Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.
- Oversee the smooth running of the daily office activities.
MARKET ANALYSIS
A recent report published by Wikipedia points to a trend that shows that the analysis of public blockchains has become increasingly important with the popularity of Bitcoin, Ethereum, Litecoin and other cryptocurrencies. A blockchain, if it is public, provides anyone who wants access to observe and analyze the chain data, given one has the know-how.
We are aware that the nature of our business is geared to words serving B2B clients. Hence Sol Steve® Blockchain Platform & Technology Company will initially serve small to medium sized business, from new ventures to well established businesses and individual clients, but that does not in any way stop us from growing to be able to compete with the leading blockchain startup companies in the United States.
The level of competition in the blockchain (cryptocurrency and a digital payment system) industry does not in any way depend on the location of the business since most people that own blockchain platform can operate from any part of the world and still effectively compete in the industry.
We are quite aware that to be highly competitive in the cryptocurrency and digital payment industry means that we should be able to deliver consistent quality and result oriented services, our clients should be able to get steady supply of bitcoins whenever they need them and we should be able to meet the expectations of clients.
Sol Steve® Blockchain Platform & Technology Company might be a new entrant into the industry in the United States of America, but the owners of the business are highly qualified blockchain specialists in the United States. This is part of what will count as a competitive advantage for us.
We are mindful of the fact that there is fast – growing competition amongst blockchain startup companies and other players in the blockchain industry in the United States of America and around the globe; hence we have been able to hire some of the best business developer cum digital marketers to handle our sales and marketing.
Our sales and marketing team will be recruited base on their vast experience in the industry and they will be trained on a regular basis so as to be well equipped to meet their targets and the overall goal of the organization. We will also ensure that our excellent job deliveries speak for us; we want to build a standard blockchain platform & technology company that will leverage on word of mouth advertisement from satisfied clients.
One thing is certain, there would always be bitcoin exchange and trading companies cum bitcoin traders, people and organizations that make online transactions that would need the services of professional blockchain platform & technology.
We are well positioned to take on the available market in Silicon Valley – California and in the cyberspace and we are quite optimistic that we will meet our set target of generating enough income / profits from the first six months of operation and grow the business and our clientele base beyond Silicon Valley to other cities in the United States of America and in the cyberspace.
We have been able to work with our brand and publicity consultants to help us map out publicity and advertising strategies that will help us walk our way into the heart of our target market. We are set to take the blockchain industry by storm which is why we have made provisions for effective publicity and advertisement of our blockchain platform & technology company.
12. Our Pricing Strategy
At Sol Steve® Blockchain Platform & Technology Company we will keep our service fees a little bit below the average market rate for all of our clients by keeping our overhead low and by collecting payment in advance. In addition, we will also offer special discounted rates to startups, nonprofits, cooperatives, and small social enterprises who want to transact with cryptocurrency and other digital payment platform or maintain an online ledger.
We are aware that there are some clients that would need regular access to blockchain consultancy and advisory services and assistance, we will offer flat rate for such services that will be tailored to take care of such clients’ needs.
The payment policy adopted by Sol Steve® Blockchain Platform & Technology Company is all inclusive because we are quite aware that different customers prefer different payment options as it suits them but at the same time, we will ensure that we abide by the financial rules and regulation of the United States of America.
In view of the above, we have chosen banking platforms that will enable our client make payment without any stress on their part. Our bank account numbers will be made available on our website and promotional materials.
Resources:
https://blocklr.com/blockchain/10-most-innovative-startups-blockchain/
https://www.profitableventure.com/blockchain-startup-business-plan/
https://www.eu-startups.com/2020/06/10-of-the-most-promising-european-blockchain-startups-to-watch/