Blockchain, a decentralized, distributed ledger for digital information, was one of the most revolutionary innovations of the last decade. It underpins cryptocurrencies and NFTs and has the potential to transform various industries, including payments, cybersecurity, and healthcare.
According to Research and Markets, blockchain technology is being used by 55% of Indian firms. I 've compiled a list of eight domestic blockchain firms that are making waves.
Polygon
Jaynti Kanani, Sandeep Nailwal, and Anurag Arjin launched Polygon, formerly known as Matic Network, in 2017. The Bengaluru-based startup's goal is to make blockchain more widely available.
Polygon has created a decentralized platform (by modifying the Plasma framework) in order to deliver faster and lower-cost transactions on the main chain.
Polygon has received an unknown sum of investment from tech billionaire and ‘Shark Tank' superstar Mark Cuban.
SoluLab
SoluLab, situated in Ahmedabad, was formed in 2014 by Rajat Lala and Chintan Thakkar. Since then, the blockchain startup has grown to the United States, the United Arab Emirates, Canada, and Australia.
SoluLab creates enterprise-class blockchain applications for areas such as healthcare, finance, education, media, and real estate. It offers blockchain development solutions and services such as private blockchain, app development services, integrating IoT with blockchain projects, and utilizing AI to acquire quality data for blockchain-based applications.
Truffle, Ethereum, Hyperledger, and Quorum are among the tools used by SoluLab. It also provides blockchain consulting, invests in startups, develops developer tools, and provides blockchain education.
KrypC
Based in Bengaluru, Ravi Jagannathan and Karthik Balasubramanian created KrypC in 2016. B2B firms assist businesses in developing, deploying, and managing blockchain systems.
KrypCore Studio and V-Board Framework are two of KrypC's products. KrypCore Studios is a low-code blockchain application development firm that assists businesses in translating unique use-cases into blockchain solutions. It speeds up their innovation by replacing time-consuming, complex, and resource-intensive development processes with minimum code.
Hyperlink Information System
Harnil Oza started the Ahmedabad-based startup Hyperlink Infosystem in 2011. Hyperlink Infosystem, which began as a mobile app development company, expanded into the blockchain, AI, and IoT arena in 2019. B2B startups now serve enterprises' blockchain needs by providing solutions such as cryptocurrency wallets, hyperledger blockchain development, private blockchain, Ethereum cryptocurrency, and smart contracts.
Over the years, Hyperlink Infosystem has expanded its reach to the United States, the United Kingdom, the United Arab Emirates, France, and Canada.
OpenXcell
OpenXcell is a blockchain development business based in Ahmedabad, India, founded in 2008 by Jayneel Patel. It also has offices in the United States and Canada. It provides blockchain technology solutions, smart contracts, smart contract auditing, Hyperledger, exchanges, and wallets.
OpenXcell has a team that develops and designs services ranging from basic to advanced blockchain architecture, and its clientele spans the United States, Australia, and Europe.
Deqode
Deqode, which began as Techracers, shifted its focus in 2019 and formed itself as a separate organization. It is headquartered in California and is led by Ankur Maheshwari and Latha Sharma.
Deqode provides a comprehensive spectrum of corporate blockchain solutions that interact with existing business processes to expedite the digital transformation. Among the solutions are dq.wallet, dq.track, and dq.pay.
Deqode has served customers in over 20 countries, delivering over 30 blockchain projects to businesses in the financial, supply chain, energy, and healthcare sectors.
Bitdeal
Based in Madurai, Bitdeal was established in 2016. It has a staff devoted to designing, developing, and deploying bitcoin exchange apps on iOS and Android platforms.
Bitcoin exchange script, cryptocurrency exchange script, P2P crypto exchange script, crypto exchange clone script, decentralized exchange script, hybrid crypto exchange script, cryptocurrency wallet development, blockchain development, and DApp development are among its cryptocurrency exchange development services. Bitdeal develops bitcoin wallets such as hardware wallets, software wallets, web wallets, desktop wallets, and paper wallets.
Knackroot Technologies
Knackroot Technologies, founded in 2017 by Ronak and Sandip Patel, is headquartered in Ahmedabad and has offices in Canada, Australia, and the United States. It provides blockchain development as well as consulting services.
Knackroot Technologies specializes in smart contracts, private blockchain, public blockchain, mining software, cryptocurrency exchanges, cryptocurrency wallets, trading bots, and security token offerings (STO). The startup's blockchain consulting services include use-case studies, platform evaluations, and product creation.
