Are you a fan of blockchain? If yes, then this article is the perfect match made in heaven for you. Having said that, the hype of blockchain has been gaining a lot of attention from people all over the world. For some people this can bring a drastic change in the IT sector, however, some individuals are involved in the same for the investment purpose.
As per the research, India has a higher number of investors in cryptocurrency; which is indeed a part of the blockchain. Keeping the same in mind, let us gain knowledge about some of the top 11 blockchain-based startups in India to get a better understanding of this market:
- Signzy
- BR Softech (Blockchain Development Company)
- InstaDapp
- Matic Network
- WazirX
- Coin DCX
- Koinearth
- KrypC
- OpenXcell
- SoluLab
- MindDeft
Before beginning with the details, let us gather some basic information about the same for better understanding. Having said that, blockchain is the decentralized data that chain the blocks of the data in a sequential order to form larger information. Cryptocurrency is part of the blockchain, however, it has a monetary value that can be transacted in the market. The most commonly known cryptocurrency amongst the market is Bitcoin, Dogecoin and Shiba Inu, etc that made hype with their exponential returns.
Moreover, let us understand about the blockchain startups in India:
Signzy
Signzy is one of the blockchain logistics startups launched in Bangalore by Ankit Ratan, Arpit Ratan, and Ankur Pandey amidst 2015. The motive of the company is to merge Artificial Intelligence and blockchain to make it user-friendly and compliant for all. Signzy led to an ease in the digital drafting and signing of the legal contracts which made it simpler in the logistics and saved the cost. Since the AI is also involved, both the security and proper functioning are taken care of.
BR Softech
BR Softech is one of the top leading gaming and blockchain development companies founded by Nitin Garg in 2008 incorporated in the heart of the pink city, Jaipur, Rajasthan. It has been more than 10 years of their experience in blockchain development and other related services, for which they have a team of experienced professionals. They offer private/ public blockchain networks, decentralized applications development, blockchain security software, and many more to give a wide array of expertise to their clients. Having said that, the in-depth knowledge of their team makes them the best in the market that most clients want to get their accounts handled from.
InstaDapp
It is a Hyderabad-based company based on Ethereum which makes it a complete financial-focused platform. It is one of the commonly used blockchain fintech startups as it helps in keeping a track of the assets to the users for proper monitoring and management of the same.
Matic Network
Matic Network commonly known as Polygon was founded by Jayanti Kanani, Sandeep Nailwal, and Anurag Arjin in 2017, headquartered in the city of Bengaluru. It launched its first public token in April 2019 which then helped the company to raise a lot of money for the company. It achieves the scale by Plasma Framework in order to provide security to the users so that they can make their transactions with utmost security.
WazirX
Even after entering the market at the end of 2017, WazirX has made its place in the top cryptocurrency exchanges in the market of India. It was founded by Nischay Shetty, who had the motive to keep a differentiator in the market, after which they became the first company to launch a native token called the WazirX in India which then attracted wide users as well as growth for the company.
Coin DCX
It was launched on April 8, 2018, and is used for the transactions of cryptocurrencies. This is the most user-friendly app as per its performance and experience of the clients. The most common base currency that is acceptable by the CoinDCX is the BTC, ETH, and USDT. also, it is said to be the most secure cryptocurrency exchange platform as it is said to be supported by higher-level security with insurance protection to give its users utmost services.
Koinearth
Koinearth is a Bangalore-based company formed in 2018 that provides supply chain solutions for asset sharing between governments, citizens, and industries. It also has default algorithms of machine learning for the analytics module to inspect the implementation of the solution at different levels.
KrypC
In 2015, Krunal Soni founded KrypC in Ahmedabad. It was centered with the motive to assist the businesses with the selection of valid contracts which meet their needs and fulfill their requirements. This is also one of the best cryptocurrency exchanges platforms that most people use for its user-friendly performance. It helps businesses to increase their innovation by eliminating the chances of complications and also saves time.
OpenXcell
OpenXcell is headquartered in Ahmedabad by Jayneel Patel. Since it has been incorporated for a long time, it has also made its space in the market and across the globe as well such as in the USA, Canada, Australia, and Europe. This has given them a chance to set their feet in this market and hence attract a higher number of users. OpenXcell gives solutions of blockchain technology, contract auditing, exchanges, wallets, smart contracts, and Hyperledger. These are indeed the problems that most companies face, the reason why this becomes the one-stop solution for them.
SoluLab
2014 incorporated Ahmedabad based company, founded by Rajat Lala and Chintan Thakkar had also made its place in the foreign market such as the US, UAE, Canada, and Australia. This has given the company a chance to explore their opportunities in the abroad market as well as attract a larger number of users to their application. It is the blockchain enterprise made with centralizing the health care department, financial businesses, education industry, media channels, and real estate industries in order to bring a huge change in the current scenario as a whole.
MindDeft
Krunal Soni incorporated MindDeft in 2015 in Ahmedabad which focuses on improving the efficiency and effectiveness of the businesses by utilizing blockchain technology for consistent innovations. It involves various industries where the need for innovation and blockchain technology can play a major role such as Health Care, Supply Chain, Finance, Manufacturing, and Real Estate industries. Adding to this, blockchain creation, sales of tokens, smart contracts, cryptocurrency creation, legal contracts, and distributed ledger are also some of the services provided by MindDeft.
The above are the top 11 blockchain-based startups in India that most people with blockchain investors must be aware of. If not, then reading the above has given you an ample amount of knowledge to stay informed about the happenings in the current scenario.
Already made a decision of investing? Yes, then why wait anymore, Invest and enjoy the returns!
Conclusion
The boom of the blockchain has been all over the world, but with the increase in the population and a higher number of investors from India, there are various blockchain platforms that have been introduced. However, it is very important to understand which one is right for you, the reason why this article consists of some of the best blockchain startups in India, with everything you need to know about them.
Did this article just lit a light in your head and compel you to be in the business to match the fast pace of the world? Yes, then it is also very important for you to learn where to start from. Well, do not worry anymore; we have the best option for you- BR Softech Pvt. Ltd, proven to be the best blockchain development company to get you started for fulfilling this dream of yours into reality.
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