We take you through the top 10 best blockchain startups in India with detailed information in 2022
Blockchain technology is a part of the emerging technology, blockchains store data in blocks that are then linked together via cryptography systems, such as Bitcoin, for maintaining a secure and decentralized record of transactions. It is transforming, not only the financial industry but also the health industry, media, aviation, etc. Bitcoin is the hottest new technology in the market, blockchain is the backbone of this technology. Owing to the increasing usage of cryptocurrencies, blockchain startups are also gaining traction.
Bitcoin generates a lot of interest from businesses, blockchain startups, etc. Blockchain can alter practically all businesses and economies. Blockchains use cryptography, a branch of mathematics and computer science. Here each transaction with a unique digital signature belonging to who began the transaction. These signatures are kept very confidentially. NITI Ayog said the annual corporate value of blockchain expected to produce is USD3 by 2030.
Here is the list of the top 10 blockchain startups in India
Signzy: It was founded by Ankit Ratan, Arpit Ratan, and Ankur Pandey in 2015 in Bangalore. It is a market-leading digital banking infrastructure. Signzy merges AI and blockchain to create products that are user-friendly, compliant, and, most importantly, safe. They are committed to delivering a secure and positive experience for their clients. It received over $3.6 million in Series in 2018. Signzy is one of the finest blockchain startups.
InstaDapp: It was founded by Sowmay Jain in Bangalore. It’s based on Ethereum. It is built on DeFi infrastructure. The world’s most advanced platform to start leveraging the full potential of Decentralised Finance. It is to facilitate app creation by promoting interoperability between multiple DeFi blockchain protocols, allowing developers to fully exploit the technology’s potential. its blockchain finance network allows people to lend and borrow money from others, as well as earn interest in savings accounts.
KoineArth: It was founded by Praphul Chandra. Its Nash platform provides solution frameworks that can be customized to provide a wide range of cases of real-world blockchain. It is to create networks, markets, and economies with trusted information and incentives. It is an ERP-compatible Blockchain and AI-based solution enabling enterprises to collaborate.
Matic Network: It was founded by Jayanti Kanani, Sandeep Nailwal, and Anurag Arjun in Bangalore in 2019 with a public token sale. It Brings the world to Ethereum. Polygon is a decentralized Ethereum scaling platform that enables developers to build scalable user-friendly dApps with low transaction fees without ever sacrificing security. This allows a single Matic sidechain to process up to 65k transactions per second, compared to only 20TPS on Ethereum. Polygon combines the best of Ethereum and sovereign blockchains into a full-fledged multi-chain system. Over 7000+ dApps have used Polygon to scale their performance.
WazirX: It was founded by Nischal Shetty in Mumbai in 2017. WazirX is an Indian cryptocurrency exchange and trading platform. It launched a breakthrough open-sourced blockchain project, Shardeum. The platform also introduced the Smart Token Fund (STF), a community-driven effort that allows cryptocurrency fans to connect with smart traders and expand their cryptocurrency portfolios on WazirX. It’s the world’s largest cryptocurrency exchange and blockchain ecosystem, with over 180 countries represented among its users.
CoinDCX: It was founded by Sumit Gupta in Mumbai in 2018. It is an Indian cryptocurrency exchange platform. It accepts BTC, ETH, and USDT. It is an ISO-certified organization. It aims to provide a user-friendly experience where users can access a wide selection of financial goods and services, all of which are backed by industry-leading security and insurance protection.
MindDeft: It was founded by Krunal Soni in Ahmedabad in 2015. It focuses on blockchain apps. it connects your business to Decentralized World by leveraging the potential of Blockchain. Cryptocurrency creation, smart contracts, token sales, private blockchain, distributed ledger, and legal contracts are among their offerings. This blockchain startup has used platforms like Ethereum, Hyperledger, Stellar, Quorum, EOS, Tron, and R3 Corda.
Somish: It was founded by Ish Goel in New Delhi in 2006. It is one of India’s fastest-growing blockchain startups. It began exploring Blockchain Technology and to collaborate with Fortune 500 companies, governments, and startups all around the world to develop award-winning, proven products.
Primechain: It was founded by Shinam Arora in Bangalore in 2016. Primechain is a young Indian blockchain startup with the mission of building blockchains for a better world. It is a blockchain ecosystem that comes complete with a working web application, a mobile Progressive Web App, and a Blockchain REST API service in 6 minutes or less than 6 minutes.
PSI PHI Blockchain Lab: It was founded by Gaurav Kumar, Aditya Prasad, and Harsh Pokharna in Bangalore in 2016. This Blockchain startup develops blockchain-based document storage solutions. It is all about unconventional, out-of-the-box, disruptive ideas and envisions to bring the new era of futuristic, technology-human interaction products. This lab claims to be concentrating on the healthcare and supply chain industries and to be developing blockchain-based products in these fields.
