Indian Start-Ups Which Adopted Blockchain Technology-You Must Keep An Eye On

The technology that underpins cryptocurrency is known as a blockchain. It’s essentially a decentralized network with a digital storage system that records transactions. A collection of blocks makes up the blockchain, which is a distributed ledger scheme. These blocks contain transactions that have been verified. The blockchain was created to be not only decentralized but also permanent, which means that once an entry is made in this distributed ledger, it cannot be removed or changed.

According to analyst, 55% of Indian businesses are adopting blockchain technology. Below, we list down eight native blockchain start-ups making an impact.

• Polygon 

Polygon, formerly known as Matic Network, was founded by Jaynti Kanani, Sandeep Nailwal and Anurag Arjin in 2017. The Bengaluru-based start-up aims to make blockchain mainstream.

Polygon has built a decentralised platform by adapting Plasma framework to provide faster and cheap transactions on the main chain.

Recently, Few tech billionaire and ‘Shark Tank’ celebrity Mark Cuban funded an undisclosed amount to polygon.

• SoluLab

SoluLab was founded in 2014 by Rajat Lala and Chintan Thakkar from Ahmedabad. The blockchain start-Up has now expanded to the US, UAE, Canada and Australia.

SoluLab builds enterprise-class blockchain applications for education, media, healthcare, finance and real estate industries. It provides blockchain development solutions and services such as apps development services, private blockchain, integrating IoT with blockchain projects and leveraging the power of AI to access quality data for blockchain-based applications.

SoluLab uses tools including Ethereum, Truffle, Quorum and Hyperledger. Additionally, it also provides blockchain consultation, invests in start-Ups, builds developer tools and offers blockchain education.

• KrypC

KrypC is an Bengaluru-based start-Up, founded in 2016 by Ravi Jagannathan and Karthik Balasubramanian. The B2B company helps enterprises build, deploy and manage blockchain solutions.

KrypC’s products include V-Board Framework and KrypCore Studio. KrypCore Studio is a low-code blockchain application development studio that helps enterprises translate their innovative use-cases into a blockchain solution. It accelerates their innovation by eliminating time-consuming, complicated and resource-intensive development processes and with minimal code.

• Hyperlink Infosystem 

Ahmedabad-based start-Up Hyperlink Infosystem was founded by Harnil Oza in 2011. Initially it was a mobile app development company, Later in 2019 Hyperlink Infosystem ventured into the blockchain, AI, and IoT space. Today, the B2B start-Up caters to the blockchain requirements of businesses by offering solutions such as cryptocurrency wallet, private blockchain, hyperledger blockchain development, smart contracts and Ethereum cryptocurrency. Over the years, Hyperlink Infosystem has expanded to USA, UK, UAE, France and Canada.

• OpenXcell 

In 2008 OpenXcell was Founded by Jayneel Patel,It is a blockchain development company based in Ahmedabad, India. It has also extended it footprints in USA and Canada as well. It offers solutions in blockchain technology, smart contract auditing, smart contracts, Hyperledger, exchanges and wallets.

OpenXcell has a team to design and develop services ranging from simple to advanced blockchain architecture, and its client base is widely spread across the USA, Australia and Europe.

• Deqode 

Originally established as Techracers, Deqode started in 2019, establishing itself as a separate entity. It is led by Ankur Maheshwari and Latha Sharma, and is headquartered in California.

The company offers a comprehensive portfolio of enterprise blockchain solutions that integrate with the existing business process to accelerate the digital journey. Deqode solutions include dq.wallet, dq.track, and dq.pay.

Deqode has served customers across more than 20 countries, delivering more than 30 blockchain projects to enterprises in the fintech, supply chain, energy and healthcare sectors.

• Bitdeal 

Bitdeal was founded in 2016 based in Madurai. It has a dedicated team to design, develop and deploy cryptocurrency exchange applications on Android and iOS platforms.

Its cryptocurrency exchange development services include bitcoin exchange script, P2P crypto exchange script, cryptocurrency exchange script, crypto exchange clone script, hybrid crypto exchange script,  decentralised exchange script, cryptocurrency wallet development, blockchain development, and DApp development. Bitdeal provides cryptocurrency wallet development services, including hardware wallet, web wallet, software wallet,  desktop wallet and paper wallet.

• Knackroot Technologies

Knackroot Technologies Founded in 2017 by Ronak and Sandip Patel, It is headquartered in Ahmedabad with a presence in Canada, Australia and the US. It offers blockchain development and consulting services.

Knackroot Technologies specialises in smart contract, public blockchain, mining softwares, private blockchain, , crypto wallets,  crypto exchangestrading bots and STO. Under its blockchain consulting services, the startup offers services such as use-case analysis, platform evaluations, and product design.

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