Blockchain is one of the fastest growing sectors in tech, it has a market size projected to reach USD 7.18 billion in 2022.
According to Fortune Business Insights, the global blockchain market is projected to reach USD 163.83 billion in 2029, at a CAGR of 56.3% from 2022-2029.
Blockchain is a ledger technology, a decentralized way of keeping records of data with the promise of greater transparency, enhanced security, improved traceability, increased efficiency and speed, and reduced costs.
The technology was first deployed in 2008 to serve as the public transaction ledger of bitcoin, this explains, to a large extent, why blockchain technology is popularly adopted in cryptocurrencies and why most successful blockchain projects are in the crypto space.
Nonetheless, blockchain is being adopted in many industries, other than the crypto space, for record keeping. There are practical use cases of blockchain in the Healthcare, Smart Contracts, eCommerce, Music, and Gaming sectors, among numerous others.
Also Checkout: 10 Top Blockchain Security Companies 2023
Blockchain technology holds a lot of promise, nonetheless, it is a young industry with the potential to revolutionize our world.
In this article, we are taking a deep dive into the world of blockchain, covering 14 promising blockchain companies and startups leading the way in today’s development of blockchain.
Here are the Leading and Most Promising Blockchain Companies and Startups in 2023:
- Binance
- Axoni
- Alchemy
- Fireblocks
- Forte.io
- Coinbase
- Chainalysis
- Ledger
- Opensea
- Nansen
- Blockdaemon
- CerTik
- Ava Labs
- Blockcypher
1. Binance
Industry: Crypto Exchange, FinTech, NFT Marketplace
Headquarters: Cayman Islands, Seychelles
Binance is by a wide margin the largest cryptocurrency exchange platform, it handles over $15 billion US dollars in daily volume and over 1 million transactions per second.
With a blockchain-powered infrastructure, the company enables users to trade non-fungible tokens (NFTs) and exchange cryptocurrencies efficiently by providing high liquidity and world-class security.
Binance ecosystem of blockchain products and services also includes TrustWallet (one of the most popular crypto wallets), Binance Labs (a blockchain technology incubator), Binance Pay (a crypto payment platform), BNB (Binance native coin), and Binance Card.
The company was founded in 2017 by Changpend Zhao, Roger Wang, and Yi He.
2. Axoni
Industry: Blockchain, Financial Services, FinTech, Analytics
Headquarters: New York, United States
Axoni offers blockchain infrastructure, distributed application development, and workflow automation tools.
The technology firm serves financial institutions and capital markets service providers with full-stack blockchain solutions.
Its product offerings include distributed ledger technology deployments, bespoke smart contract development, and analytics tools.
The company was founded in 2013 by Greg and Jeff Schvey in New York, New York.
3. Alchemy
Industry: Blockchain, Developer Platform
Headquarters: California, United States
Alchemy is a web3 developer platform that helps companies to build reliable decentralized applications.
Its mission is to provide developers with the fundamental building blocks they need to create the future of technology without the hassle of managing blockchain infrastructure in-house.
Alchemy is trying to be to Web3 what Amazon is to the Internet.
4. Fireblocks
Industry: Blockchain Security, Cryptocurrency
Headquarters: New York, United States
Fireblocks is a platform that protects digital assets in transit, focusing on protecting the transmission of customers’ digital assets between exchanges, counter brokers, hot wallets, and cold stores.
The company is headquartered in New York and has offices around the globe in countries like the UK, Israel, Singapore, Hong Kong, Germany, Switzerland, and France with 200+ employees and over 20 investors.
Fireblock is one of the prominent blockchain security companies that provide financial solutions to protect financial institutions that holds digital assets such as cryptocurrencies from cyber crimes and make their platforms hackers resistant. They are built using next-generation technologies to help solve the future’s operational and security challenges.
The company was named the ‘Best Custodian – Innovation’ & ‘Best Cyber Security Provider’ at the inaugural Hedgeweek’s US Digital Asset Awards, an award symbolizing recognition for their innovation & commitment to digital assets security.
Fireblocks enables banks, fintech, exchanges, liquidity providers, OTCs, and hedge funds to securely manage digital assets across a wide range of products and services.
5. Forte.io
Industry: Blockchain, NFT, Gaming
Headquarters: California, United States
Forte is building economic technology for games that are secure, easy to use, and fully compliant.
Its end-to-end blockchain platform enables the emergence of community economics, a system where the interests of game developers and players are aligned, leading to healthier, sustainable game communities.
The team is composed of longtime industry members (Unity, ngmoco, Riot Games, Electronic Arts, Sony, and Rockstar Games, among others), and is currently working with over 25 acclaimed game developers from across the globe to reimagine the economics of games.
6. Coinbase
Industry: Blockchain, Cryptocurrency, Trading Platform
Headquarters: No physical headquarters
Coinbase provides financial infrastructure and technology for the cryptoeconomy.
The company provides primary financial accounts for the cryptoeconomy, a platform to invest, store, spend, earn, and use crypto assets; an online marketplace for hedge funds, money managers, and corporations; and a platform with technology and services to developers, merchants, and asset issuers that enables them to build applications that leverage crypto protocols.
It serves retail users, institutions, and ecosystem partners.
In August 2022, Coinbase announced that it is partnering with BlackRock, the world’s largest asset manager, to provide institutional clients of Aladdin, BlackRock’s end-to-end investment management platform, with direct access to crypto.
The company also provides a series of merchant payment processing systems and tools that support many highly-trafficked websites on the internet.
Coinbase was launched in 2012 with a mission to create an open financial system for the world.
7. Chainalysis
Industry: Blockchain Security, Cryptocurrency, Analytics
Headquarters: New York, United States
Chainalysis designs and develops anti-money laundering software for Bitcoin businesses.
The company boasts an impressive track record of providing top-notch services such as research content or analysis and investigating cybercrimes to financial institutions, government parastatals, cryptocurrency businesses, and as well other cyber security firms in over 60 countries since 2014.
In the industry of blockchain networks, Chainalysis services like conducting data-driven investigations on fraudulent acts for financial parastatals and building market intelligence software have been used to solve some world’s most high-end criminal cases and have made the crypto space safe for anyone to use for legit and bug-free transactions.
Its products include REACTOR, an interactive investigation tool that identifies offenders, visualizes data, and shares results with people and organizations, and API, a transaction-based risk scoring solution that contains the source and destination of funds to measure risk.
8. Ledger
Industry: Blockchain Security, Crytocurrency
Headquarters: Paris, France
Ledger develops security and infrastructure solutions for cryptocurrencies as well as blockchain applications for individuals and companies, by leveraging a unique, proprietary technology.
Launched in 2014, Ledger has designed an acclaimed line of hardware security devices quickly placing the company as a global leader in the market with1,000,000 units sold in more than 165 countries.
For enterprises and corporations, Ledger introduced the Vault: a fully managed SaaS solution addressing the need to safeguard a very large amount of multiple cryptocurrencies while mitigating both IT and physical assault threats.
The company is also active in the industrial IoT market, leveraging its secure hardware technology to interface sensors and machines to smart contracts or blockchain-based assets.
Ledger is headquartered in Paris, has a production facility in Vierzon (France), and offices in San Francisco.
9. Opensea
Industry: Blockchain, NFT, Cryptocurrency, Marketplace
Headquarters:
OpenSea is a peer-to-peer marketplace for crypto collectibles and non-fungible tokens. It includes collectibles, gaming items, and other virtual goods backed by a blockchain.
On OpenSea, anyone can buy or sell these items through a smart contract.
10. Nansen
Industry: Blockchain Analytics, Cryptocurrency
Headquarters: Singapore
Nansen is a blockchain analytics platform that enriches on-chain data with millions of wallet labels.
Crypto investors use Nansen to discover opportunities, perform due diligence and defend their portfolios with its real-time dashboards and alerts.
11. Blockdaemon
Industry: Blockchain
Headquarters: California, United States
Blockdaemon is a blockchain deployment facilitator that manages nodes and payment rails for blockchain networks.
Their solution is fully portable, it allows its user to switch networks and chains with the click of a button, so they don’t have to worry about picking the perfect network configuration from day one.
They support the blockchain developer ecosystem with best-of-breed dev-ops advice. Blockdaemon was incorporated in 2017 and is headquartered in Los Angeles, California.
12. CerTik
Industry: Blockchain Security
Headquarters: New York, United States
CertiK is one of the most reliable and fast-developing blockchain security companies. The company developed a decentralized proof engine that works as a guarantee or mathematically ensures that the blockchain ecosystem is bug-free and secured against hackers.
The company leverages Formal Verification and AI technology to monitor and ensure the security of blockchain systems.
CertiK offers the following products to its customers:
- A security audit on smart contracts and blockchain identifies weaknesses and recommends solutions.
- Skynet is an on-chain security monitoring and data insight for smart contracts.
- SkyTrace, is an intelligent flow of funds between wallets.
- Penetrating Testing an attack simulation to expose the most complex vulnerabilities on crypto exchanges, wallets, and Dapps.
So far, CertiK has been able to detect over 45,000 vulnerabilities in blockchain code and has worked with over 2,500 enterprise clients. They’ve been able to secure over $310 billion worth of digital assets. And their top clients include AAVE, polygon, Binance Smart Chain, Chillz, Terra, and Yearn.
CertiK is one of those blockchain security companies that have maintained their unique vision to shield and secure blockchain networks and smart contracts from hackers and make crypto space reliable for, wallets, traders, and Dapps to bank on.
Founded in 2018 by professors from Yale University and Columbia University, CertiK’s mission is to secure the web3 world.
13. Ava Labs
Industry: Blockchain, Cryptocurrency
Headquarters: New York, United States
AVA Labs makes it simple to launch finance applications using blockchain technology–with highly scalable and efficient networks, customizable public and private blockchains, the capability to create any digital asset, and more.
We are empowering people to build an open, simple, and democratic internet of finance.
14. Blockcypher
Industry: Blockchain, Cloud Infrastructure
Headquarters: California, United States
BlockCypher is a cloud-optimized platform powering Blockchain applications reliably and at scale.
BlockCypher’s web services are Blockchain agnostic and greatly reduce the complexity of building applications that run on multiple Blockchains.
Easily build, run, and future-proof blockchain applications on BlockCypher’s infrastructure.
I’m a Technology Stock Analyst, with focus on companies developing cutting-edge techs. Keeping track of cutting-edge techs, companies and stocks is what I do almost everyday. And I love it. Whether it’s artificial intelligence, 5g, or autonomous vehicles; I’m all in.
