Top Ten Blockchain Technology Companies To Look Out For
An immutable digital ledger, blockchain networks store numerous data that involve millions of economic transactions. The decentralized digital ledger of blockchain is incorruptible, which means that no transaction recorded within it can be tampered with. Every transaction that is recorded in the blockchain ledger comes with a timestamp of the previous transaction.
Programmed to record financial transaction using the digital currency Bitcoin, Blockchain can virtually record anything. The records that are stored within the Blockchain network are open to the public to verify, owing to its decentralized nature. The data and information stored within the Blockchain network thus are not stored in any one computer; multiple computers all over the world host it. This feature makes it impossible for any hacker to access the data through only one network, node or computer. Data stored on blockchain is easily accessible through the internet by anyone. Hence, blockchain boasts two essential features, the first one being that any single entity can never control the blockchain network, the other is that blockchain possesses no single point of failure.
There are many companies in the market who are making the most out of this technology, and the following is a list of ten of the most popular ones:
1. Ripple:
Created by Brad Garlinghouse in 2012, Ripple has emerged as one of the key players in the blockchain and cryptocurrency market space. Ripple has a plethora of services that include having its payment infrastructure named RippleNet. RippleNet enables payment providers, banks and digital asset exchanges to transfer money across the globe. With innovative blockchain technology, Ripple lets banks settle payments in real time. Payment providers use the native digital asset XRP, as XRP helps in lowering liquidity costs. Besides, XRP also enables corporations to send instant payments to their beneficiaries. Seventy plus banks, all over the globe are already testing and planning to implement Ripple’s groundbreaking technological innovations.
2. Steem
Founded by Ned Scott, Steem runs on a parallel idea of Youtube, except for that the publishers pay the content creators using cryptocurrency. The native digital asset is known as STEEM. STEEM can be easily converted to Ether and Bitcoin. Besides, Steem has also invested in building a social media network named Steemit that has been built to demonstrate the prospect of Steem as the future of content monetization. Steemit has 920,000 users posting more than 1.5 million posts each month. Steem’s viability to publishers everywhere has been proven when it was recorded that Steem has paid its content creators with more than 40 million USD for paid content creation.
3. HashCash Consultants
Founded by Raj Chowdhury, HashCash Consultants is a California-based company that has left its mark on the blockchain and Crypto world in a concise period. Harnessing the superpower of blockchain, HashCash Consultants enables companies to settle payments across borders in real-time. The company is well known for their White label Cryptocurrency Exchange solutions that have empowered millions of startups. Besides, HashCash Consultants offer Fintech products such as HC Remit, HC Corporate Payment, HC Market Maker, and HC Commerce. These products complete financial transactions in a jiffy. These payment solutions are perfect for remittance and payment-based services. Their native digital asset, HCX, can be used to cut down the cost of receiving payments while conducting transactions around the world efficiently. HashCash Consultants also offers PayBito, the Cryptocurrency Exchange that allows investors to buy and sell Ethereum and Bitcoin as well as other digital assets.
4. IntellectSoft
Established in 2007, IntellectSoft has left quite a mark in the world of blockchain technology. Offering a plethora of services like customized software development, they also offer integrated consultancy services which are targeted at emerging technologies like blockchain, Internet of Things, Augmented reality and the like. With an experience of 11 years, the company has collaborated with many organizations to develop and implement custom-made software that would help build cryptocurrency exchanges and software. They have a client base of enterprises that are acknowledged by the Fortune top 500 business, where IntellectSoft has implemented its innovative DLT and blockchain networks.
5. Altoros
Altoros boasts Cloud Foundry, the open source cloud application platform that makes blockchain frameworks easier and faster to implement. Altoros also helps their client enterprises to design, develop and evaluate the viability of their blockchain based solutions.
6. Celsius Network
Described as the next generation of financial services, Celsius Network can genuinely be given credit for creating the first global lending and borrowing community. By using the technologies involving open blockchain, consensus, and public ledgers, Celsius Network has made a name in the field of asset management. Any user who is using the services would be able to borrow, hold and earn interest on their cryptocurrencies. The organization itself offers its users with a 5% interest for holding cryptocurrencies on the Network as well as offering 9% interest rate as collateral for dollar loans. Celsius Network can be termed as the bank on the Cryptocurrency network.
7. LeewayHertz
Having been founded in 2007, LeewayHertz is headquartered in San Francisco. They are one of the pioneering companies that developed a commercial app for the iPhone. The team at LeewayHertz works continuously at providing new platforms that are widely available on the IoT, blockchain and Cloud networks. The organization develops blockchain applications that consist of Decentralized Apps, Smart Contracts and Distributed Ledgers.
8. Techracers
Established in 2012, Techracers faced an explosive growth which helped the organization move their headquarters to the U.S.A in 2017. Techracers create an end to end customized blockchain solution and network for their clients. With integration, adoption, and realization of blockchain networks, they launch ICOs, take part in Smart Contract audits, Smart Contract development and private blockchain development. They also custom build cryptocurrency wallets and exchanges.
9. OmiseGo
An Ethereum based financial network, OmiseGo offers a public network known as the OMG Network. The network along with the decentralized exchange facilitates peer to peer transactions of assets in real time. The OMG Network can be connected through open source SDK that other digital wallet providers possess. Through this open source SDK, wallet to wallet transactions of fiat and cryptocurrencies along with asset trades from different blockchain protocols can be enabled. OmiseGo also became the first Ethereum token that boasts a market capitalization of over 1 Billion USD.
10. Blockchangers
Blockchangers believe in one philosophy, that the only way to avoid and omit cryptocurrency fraud is by involving the government to regulate it. Blockchangers offer different technology services as well as lectures, workshops, development services and consultations to its clients based on the primary belief that the governmental bodies would soon investigate and regulate the cryptocurrency field. The company works continuously to eliminate any kind of cryptocurrency fraud, that is sadly a significant threat in today’s finance and trading world. They also host the largest blockchain conference, the Oslo Blockchain Day which is attended by PwC and DNB Bank amongst other esteemed organizations.
