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Blockchain based companies you should know about

 

Over the past few years, Blockchain has paved its way to the heart of the Tech Industry. Thanks to its limitless applications, more and more companies are adopting Blockchain in their workflow. The tech giant IBM has invested more than $200 million in the research and development of Blockchain technology. Hence as a buddy developer or a Blockchain conoussier, you must know where potential opportunities lie. So refer to the following list of companies that work with blockchain technology.

Coinbase-

Industry: Fintech

Location: San Francisco, California

What it does: Coinbase is a digital portfolio that lets users buy and sell cryptocurrency. Users can transact in almost any cryptocurrency from Bitcoin to Ripple. Coinbase provides features like recurring buy and vault protection, making it easy for users to manage their cryptocurrency assets. It is very similar to a stock market portfolio handling service. Coinbase has more than 20 million customers and has exchanged over $150 Billion in various cryptocurrencies.

SALT Lending-

Industry: Fintech, Lending

Location: Denver, Colorado

What it does: SALT’s platform allows users to leverage their cryptocurrency for cash loans. This means that borrowers send their cryptocurrency to an account and get cash loans in return. They can later return the cash with interest in return for their cryptocurrency. Borrowers can leverage cryptocurrencies like Bitcoin. Ethers etc. SALT’s services are available in multiple countries, and it is generally very reliable.

Civil-

Industry: Digital Media, Journalism

Location: Brooklyn, New York

What it does: Civil’s mission is to propagate uncensored, unbiased journalism through Blockchain. Their unique Blockchain-based software provides journalists with tokens that they can use to launch their own independently operated newsrooms. Since the journalism published is on Blockchain, the stories can never be deleted or redacted to falsify information. The company has now merged with Consensys Solutions.

Consensys-

Industry: FinTech, Industry Solutions

Location: Brooklyn, New York

What it does: ConsenSys is the software engineering leader of the blockchain space. They provide various services like Asset Management, Capital Finance, Global Trade, and Commerce, etc. They also help companies build their own customized private blockchain networks, which are then used for various things like record keeping, internal communication, etc.

The companies mentioned above are just a few of the many that work with blockchain technology. And in the future, as more and more banking institutions turn to Blockchain, the number of services providing companies and developer opportunities will skyrocket!

  •  February, 11, 2021
  • Shivam Rajput
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