7 Startups in India working on Blockchain Technology
8 Startups in India working on Blockchain Technology
Blockchain is the most trending technological term today and is forecasted to disrupt various industries in coming future. The hum is building up in India as well. Just last week, Mahindra and IBM joined mitts to develop Blockchain Solution for Supply Chain Finance. Also, mid of this year, ICICI bank adopted Blockchain in a shove for digitalizing banking.
Yet, in the startup space, the activity seems to be relatively muted in India when compared globally. One reason can be that the technology is still in its early days and yet to mature. We introduced a tutorial on Blockchain earlier this year.
So, we determined to compile a list of some interesting startups in this space in India. Here they are:
Auxesis is a technical innovation company with advanced competency in FinTech and Blockchain Technology. Working for the development of fresh innovative technological solutions by providing a balance inbetween technology and economic sustainability for the start-ups. Working for businesses to help them concentrate on their best what they do without the worry of their technical development and maintenance. Presently, company is working with IIT Bombay Entrepreneurship cell & European Incubator (SEED) start-ups projects from idea until there transformation Phase.
Auxesis is permanently experimenting in collaboration with Blockchain Lab, London to find better use cases for other industries. Their current initiative includes Banking, Remittance, Insurance, Event and Ticketing industry while Pharmaceuticals, Luxury goods, Gambling are under consideration.
Coinsecure was built with the motto of “Connecting India to Bitcoin”. Today we concentrate on “Building an entire eco – system for Bitcoin and Blockchain in India” and we have been able to accomplish this with the array of products and services that we suggest. Apart from being the largest and best Bitcoin exchange, Coinsecure offers a Bitcoin wallet, A Blockchain solution (the Block explorer), merchant gateway, comprehensive API’s and a testnet service.
Coinsecure intends to be the one stop shop for all Bitcoin and Blockchain related needs and accomplishes them through several partnerships across the globe. Coinsecure is India’s very first and only Bitcoin company to have secured the highest funding round with 1.Two Mill USD and have been at the fore front of developments which are user friendly and secure!
EzyRemit is an innovative FinTech and Blockchain platform and solutions company which is focused on switching the remittance market. Working at the intersection of technology, payments and banking industry from many years, we spotted the many redundancies in the system and the need for switch.
A peek of the solution came with the appearance of Bitcoin and later Ethereum, suggesting different blockchain technologies we could work with to find our solutions. By pairing practice from the Payment, business process management & software application development, founders use blockchain technology to empower people around the world with free access to a global financial system & quicker transaction.
HashCove is a Blockchain Products Company that helps evaluate, validate, design and create end to end solutions in Blockchain.
HashCove is the Blockchain arm of uTrade Solutions. uTrade is a FinTech company providing multi-asset trading platform,low latency algos engine, risk management and Blockchain Solutions.
Their products are widely used by global financial institutions including Brokers, Algo Firms, Forex Traders, Stock Exchanges and their end customers.
KrypC is a FinTech solution and service provider focusing on bringing innovative solutions in the field of Blockchain & Digital Currency. Presently the team is developing and deploying industry use cases on the blockchain framework which would help organizations to integrate current processes to the DLT network.
The purpose of KrypC’s technology services is to help businesses understand the power and utility of Distributed Ledger Technology (DLT), assess the potential areas of application, provide technical framework & design and effective implementation of the technology solution.
With vast practice in Digital Signature Certificates, Security and Cryptography, KrypC has numerous intellectual property in the areas of Mobile Wallet, Digital Currency, Security and Payments solution.
MindDeft was founded with the thought of making difference with IT services and providing the quality services to customers. Since our inception, the aim is to produce solutions to sophisticated problems that indeed makes difference to the customers.
Apart from traditional technology stack, the team is very much open for adopting the fresh trends and technologies that is truly making difference to solutions they are providing. Blockchain is one of the trend that they love, and they are in the progress of taking expertise of various Blockchain devices for example, Ethereum and HyperLedger. They have been doing extensive research for Blockchain and delivered the proof of concepts for various domains on how to implement the clever contracts with Blockchain devices.
Sofocle is a core software development company, focused on building innovative blockchain based solutions for Finance, Health and Retail industries. Our customized solutions enable enterprises to streamline their business process by enhancing security, authenticity and transparency of every transaction happening in the business ecosystem.
Sofocle’s Blockchain solutions include:
SofoSupply – SofoSupply is a Blockchain based solution which enables seamless supply chain financing. It is built on Hyperledger and uses Wise Contracts for digitizing processes. It helps a supplier to lightly avail loan against approved invoices by the manufacture without the need of any manual paperwork.
SofoTrade – SofoTrade is Blockchain based solution for Trade Finance that streamlines the international trade settlements. It offers a potential medium to exchange assets without centralized trusts or intermediaries. SofoTrade offers immutability and digital uniqueness by deploying Brainy Contracts which are self-executing, triggered by the efficient exchange of digital data and eliminates the risk of dual spending.
SofoChain – SofoChain is a solution to record the quantity and transfer of assets as they stir inbetween supply chain knots, like trailers, containers etc. by linking serial numbers, bar codes, RFID, to physical goods. It also enables verification of certifications and assigning certain properties to physical products, thus hereby eliminating fake or counterfeit goods/invoices in the supply chain.
Trestor is an India’s very first blockchain startup, which has created “Trest” a secure, digital, store of value. Using the power of Trestor’s blockchain and their decentralised network of trustless knots ‘Trests’ can be transferred directly from person to person anywhere across the globe. There is zero transfer fees, Trests are transferred within seconds, accounts can never be frozen and there are no paperwork or boundaries!
Trestor network is designed keeping under banked in mind. Most think that poor just need a bank account and a payment card and once they get it, they will cheerfully switch from cash to a centralized, freezable, chargeable, hackable payment system that the rest of us use. Maybe we should re-think this assumption. “Maybe what unbanked people indeed need is digital equivalent of cash instead of our banks and our way of banking”.