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Top Blockchain Companies in 2020

July 14, 2020

Have you ever heard of the concept of Bitcoin? You may all know it, but perhaps you don’t know that its growth was created with the technology of Blockchain. You may get confused and wonder “Why is blockchain technology so popular?” And want to learn more about top leading Blockchain companies.

Let’s find out with Designveloper in today’s article.  

What is Blockchain?

You can simply understand that Blockchain is a “ledger” that records and stores information in the form of “blocks” and these information blocks are linked together very closely and cannot be changed. 

It was created to protect against data changes. Once the network has accepted the data, there is no way to change that data even the person who created it wants to.

How does it work?

To clarify I will give an instance, when you are transferring money to person A with money X, and you call person A saying “I have transferred money”, so how can person A know that the money you transferred is already in his account? 

That is why you need to have an intermediary confirm that you have transferred the money to Mr. A, most likely the bank will do it and they will charge and calculate the amount that Mr. A must get.

But what if there are more than tons of transactions a day?

That is why we need Blockchain Tech, transparent, effective and safe in transactions even if the partner is your opponent. 

blockchain companies

With Blockchain technology, it will act as a middleman but is independent and not impacted by anyone, nor the data is immutable.

After confirming the transaction, this information will be saved as a block. That data block will be added to an existing blockchain, or an online ledger, where every computer participating in the digging network holds a public copy (imagine as a  shared document on Google Docs) that is constantly updated in real-time.

Features

  • Decentralization: It is not owned by a single entity, so it is decentralized.
  • Transparency: each person can track the data if they want.
  • Immutability: no one can interfere with data inside the blockchain.
  • Security: Data is stored inside by password.
  • Smart Contract: is a form of digital contract embedded in the if-this-then-that (IFTTT) code and capable of automatically implementing terms and

agreements between two parties in a contract. In a transparent manner, it is easily accessible but cannot be interfered from the outside or a third party.

Because it is a built-in program, “the smart contract” can execute everything on its own when conditions are met.  

For example, if you rent my apartment and pay for it with a virtual currency, you will receive an online contract stating that only when you send money then I give you the unlock code. So, if you have deposited the key or money before the appointment date written in the contract, “the smart contract” will automatically retain the key/money and transfer to both parties on the appointment date.  

After everything is done, “the smart contract” will self-destruct, and the code in it cannot be modified by either party without the other being known. 

Applications

Because of this close association, Blockchain is used very popular in many fields. 

Taiwan: Smart cities are no longer some science fiction thing. Taipei is trying to position itself as a city of the future with the help of Blockchain Technology. They have announced a partnership with IOTA and are working on creating tags with detecting light, temperature, humidity and pollution.

China: As one of the fastest-growing countries in the world in terms of technology development and application, it’s no surprise that China became one of the first and most prominent countries in blockchain and everything that it provides. It has decided to use this technology to facilitate the taxation and issuance of electronic invoices in a project led by Miaocai Network in conjunction with the State Tax Department.

Essentia met with the Dutch government to create a new system to check commuters between Amsterdam and London. Currently, passengers on the Eurostar train between the two countries undergo border control checks at multiple points.  Essentia is working on a blockchain-based solution that will securely store passenger data, allowing the data recorded in the Netherlands to be checked by UK agencies. Blockchain will provide a means to ensure that the data is not tampered with and can verify correctly.

blockchain companies, blockchain

And too many applications to indicate…

Top Blockchain Companies in 2020

Blockchain Tech is like “a beautiful girl” pursued by “many guys”, so “guys” if they want to pursue, they need to have “companies” to mentor and help him pursue that “beautiful girl”.

Therefore, the emergence of Blockchain companies, to advise and help businesses wishing to apply Blockchain technology to management will be more effective.

Here are the top 10 Blockchain Companies in 2020 and their basic information.

ScienceSoft

Having started as a small AI product company, they switched to IT services in 2002 and ever since they have helped non-IT organizations and software product companies improve business performance and quickly win new customers. 

Their typical clients include eBay, Nestle, Walmart, NASA JPL, IBM, T-Mobile and Baxter.

  • Link Website: https://www.scnsoft.com
  • Headquarters: McKinney, Texas
  • Founded: 1989
  • Revenue: $25 Million
  • No of employees: 700+
  • Services: Blockchain Consultation, Blockchain Audit, Migration of legacy solutions to the Blockchain Infrastructure, Blockchain Testing Services, Blockchain Training
  • No of locations: 3

Prolifics

Their experience across multiple industries means they understand – and will help you meet your customers’ demands and expectations. Prolifics use their knowledge of Cloud, DevOps, Data and Quality to give you fast, complete solution delivery experiences that you will find nowhere else.

At any point you need expert consulting, engineering and managed services, Prolifics is a one-stop company, everything you need will be solved.

  • Link Website: https://www.Prolifics.com 
  • Headquarters: Orlando, Florida
  • Founded: 1978
  • Revenue: $34.77 Million
  • No of employees: 1001-5000
  • Services: Cloud, Data & Analytics, DevOps, Digital Business, & Quality Assurance.
  • No of locations: 3

Ripple 

Today’s payment methods have changed a lot, people want faster manipulations and use technology infrastructure in their businesses. 

Acknowledging the modern movement, Ripple’s founder and his/her team founded Ripple with the vision of applying blockchain technology to financial institutions to erase the country’s boundaries of sending money.

Blockchain Technology’s unifications not only provide many benefits for transferring money, but also provide a window of opportunities for business. 

  • Link Website: https://ripple.com
  • Headquarters: San Francisco
  • Founded: 2012
  • Revenue: $163.33 Million
  • No of employees: 150
  • Services: Decentralized Financial Tool.
  • No of locations: 8

LeewayHertz

Established in 2007 and headquartered in San Francisco, they are one of the first companies to deliver a commercial app to the App Store. Their team of 100+ award winning designers and developers has designed and built over 100 software platforms for startups and enterprises. 

Their goal is to help companies adopt new technologies and simplify complicated issues that arise during technology evolution. Leewayhertz excel in AI/ML, Blockchain, IoT, cloud and mobile.

  • Link Website: https://www.leewayhertz.com
  • Headquarters: San Francisco
  • Founded: 2007
  • Revenue: $1 Million 
  • No of employees: 250
  • Services: Building Blockchain Application
  • No of locations:

Blockchangers

It all started in 2015. One of their founders, Jon Ramvi, has been learning about cryptography and stumbled upon blockchain. 

He got so excited about the democratizing effects of this technology, that he went ahead and started Blockchangers together with several others. 

blockchain

In 2017 the team was chosen for the most eligible startup accelerator in Norway – StartupLab. Right after corporate requests and new projects started pouring in, the team extended to 9 people and moved into an office loft in the center of Oslo. 

Today they do R&D for companies and their own projects. They believe that blockchain is the steam engine of the third industrial revolution. They are its humble engineers.

  • Link Website: https://www.blockchangers.com
  • Headquarters: Oslo, Norway
  • Founded: 2015
  • Revenue: 1-5 MNOK
  • No of employees: 6
  • Services: Blockchain Development & Consulting.
  • No of locations: Not mentioned 

Deqode

At Deqode, their purpose is to help businesses solve complex problems using new-age technologies. They are industry leaders in cutting-edge technologies and they leverage the deep industry knowledge and technical expertise to optimise business processes, maximize impact and foster business growth. Deqode is driven by their passion to innovate and create solutions that inspire the future.

  • Link Website: https://deqode.com
  • Headquarters: Wilmington, Delaware
  • Founded: 2012
  • Revenue: $10 Million
  • No of employees: 51-200
  • Services: Information Technology services
  • No of locations: 2

ChromaWay

ChromaWay is a blockchain technology company. They created the first protocol for issuing tokens on the Bitcoin network. They used it to issue fiat currency together with LHV bank in 2014, and then to crowdfund startups on the Funderbeam platform.

They designed a blockchain agnostic client-side validated smart contracting platform that put privacy first before privacy became a hot topic in blockchain. 

They have used it to support internal leasing in large organisations, issue financial instruments, and to allow government agencies to issue licenses digitally. In 2018 they used it to demo a live property sale together with the Swedish Land Registry.

  • Link Website: https://chromaway.com
  • Headquarters: Stockholm, Sweden
  • Founded: 2014
  • Revenue: $2 Million
  • No of employees: 13
  • Services: Building Smart Contracts and apps
  • No of locations: 2

OpenLedger Aps

Although newly founded in 2014, OpenLedger has worked with many global companies and brought Blockchain technology to businesses around the world.

blockchain companies

Their mission:”Dedicated to bringing the power of blockchain technology to the wider business world”.

  • Link Website: https://openledger.info
  • Headquarters: Denmark
  • Founded: 2014
  • Revenue: $1.6 Million
  • No of employees: 60
  • Services: Building Blockchain Solutions and Products
  • No of locations: 1

Ezetech

Ezetech is a software company that creates technology products that help businesses save time and manpower, and bring products to consumers faster.

They serve as an implementation partner taking care of the technical aspects, so that founders can shift their focus to strategy, marketing and business development.

  • Link Website: https://eze.tech
  • Headquarters: New York, USA
  • Founded: 2015
  • Revenue: $2.6 Million
  • No of employees: 35
  • Services: Web Development and Tech Consulting
  • No of locations: 2

 LimeChain

LimeChain is correctly a “tutor” of Blockchain Technology for enterprises when they have helped 50+ Enterprises by designing, making blueprints and implementing their vision in using Blockchain Technology.

blockchain companies

Blockchain agnostic, they focus on public and private blockchain development, smart contract development to provide complete and user-friendly solutions.

  • Link Website: https://limechain.tech
  • Headquarters: Bulgaria
  • Founded: 2017
  • Revenue: $1.7 Million
  • No of employees: 50
  • Services: Blockchain Development and Consulting
  • No of locations: 1

Conclusion

Blockchain is a great invention with many useful benefits for applying to real life and making our life easier. With many expectations in the future, Blockchain may become a revolution with the era of “The New Internet”.

We hope this list of top Blockchain companies will help you find the best partner!

Designveloper is a software company offering a wide range of services such as software development, UI/UX design and business consulting. Just ping us to discuss more about your idea!

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