Blockchain is a decentralized virtual ledger for digital data. It is among the most disruptive technologies that illustrate the last decade. This technology powers digital currencies, NFTs, and can alter multiple sectors that include cybersecurity, payments, and healthcare radically. So there are many blockchain healthcare startups in India as well. So there are many startups that are evolving in this sector across the globe and India is also rising in this sector. So let us discuss the Indian blockchain startups.
Top 5 Indian Blockchain Startups
The blockchain that is renowned as the backbone technology underpinning BTC is among the hottest latest technology in the market presently, developing a huge interest from startups, businesses, and the media.
This technology has the ability to change big industries, and also process by making them more democratic, transparent, efficient, and secure. It is said to have the ability to change practically all economies and businesses. This technology by 2030 is said to produce 3 trillion USD in annual corporate value. In this respect let us have a look at the top Indian blockchain startup that is contributing to changing the economies.
There are several financial institutions and banks that use this technology as well. The list of banks using blockchain technology in India is State Bank of India (SBI), RBL Bank, IDFC First Bank, ICICI Bank, Axis Bank, IndusInd Bank, Yes Bank, South Indian Bank, HDFC Bank, Kotak Mahindra Bank, Federal Bank, Bank of Baroda (BoB), Standard Chartered, Indian Bank, and Canara Bank.
This is the top blockchain startup in India. Polygon, which was previously known as Matic Network, was established in 2017 by Sandeep Nailwal, Jayanti Kanani, and Anurag Arjin. This is a startup that is based in Bengaluru and aims to make blockchain technology mainstream.
Polygon has created a decentralized channel with the adaptation of the Plasma framework to offer low-cost and faster transactions on the primary chain. In recent times, Polygon raised an unrevealed amount of funding from the tech billionaire and the ‘Shark Tank’ celebrity Mark Cuban. This name also tops in the list of the top 50 blockchain companies in India.
SoluLab, which is an Ahmedabad- based Indian blockchain company, was established by Chintan Thakkar and Rajat Lala in 2014. The blockchain startup has now widened to the US, Canada, UAE, and Australia. This company is among the NSE listed blockchain companies in India.
SoluLab constructs enterprise-class blockchain applications for finance, healthcare, education, media, and also real estate industries. It offers blockchain development services and solutions like apps development services, private blockchain, integrating IoT with blockchain projects, and powering the idea of AI to avail quality data for blockchain-based requests.
SoluLab provides tools that include Truffle, Hyperledger, Ethereum, and Quorum. Along with that, it also offers blockchain consultation, builds developer tools, invests in startups, and provides blockchain education.
Bengaluru-based KrypC was established in 2016 by Karthik Balasubramanian and Ravi Jagannathan. The B2B entity helps enterprises to create, manage, and deploy blockchain solutions.
The products of KrypC include V-Board Framework and KrypCore Studio. KrypCore Studio is a low-code blockchain request development studio that allows enterprises to translate their original use-cases into a blockchain solution. It boosts their innovation by discarding complicated, time-consuming, and resource-intensive processes of development and also with minimal code.
Hyperlink Infosystem which is an Ahmedabad-based startup was established in 2011 by Harnil Oza. Began as a mobile app development entity, Hyperlink Infosystem entered into the AI, blockchain, and IoT arena in 2019. Presently, the B2B startup offers the blockchain needs of businesses by providing solutions like hyperledger blockchain development, cryptocurrency wallet, private blockchain, Ethereum digital currency, and smart contracts.
Over the years, this Indian blockchain startup has broadened its footprints to the UK, USA, UAE, France, and also Canada.
OpenXcell was established by Jayneel Patel in 2008 It is a blockchain development entity that is based in Ahmedabad, India. It has its offices in Canada and USA as well. It provides solutions in smart contracts, blockchain technology, smart contract auditing, exchanges, Hyperledger, and wallets.
OpenXcell works with a team to design and develop services that range from simple to advanced blockchain structure, and its client base is scattered across Australia, the USA, and Europe.
Blockchain is the future of technology and the world including India have identified its importance in almost all sectors and have started to create their own infrastructure. It is the underlying technology with which digital currency works. In this above section, we have discussed the top 5 Indian blockchain startups that have already started to work with the future.