Blockchain technology is being used by 55 percent of Indian enterprises, according to Research and Markets.
One of the most incremental innovations of the latest decade was blockchain, a decentralized, distributed database for electronic information. It is the driving force behind cryptocurrencies and non-fiat currencies, and it has the potential to transform a variety of industries, including transactions, cybersecurity, and wellness. Below is a list of a few blockchain startups making it big in India.
Jayanti Kanani, Sandeep Nailwal, and Anurag Arjin launched Polygon, originally branded as Matic Network, in 2017. The Bengaluru-based company aspires to make blockchain a ubiquitous technology. Polygon has developed a decentralized platform (based on the Plasma framework) that allows for speedier and lower-cost transactions on the main chain. Polygon just received an unknown measure of money from Mark Cuban, a tech entrepreneur and ‘Shark Tank’ personality.
SoluLab, situated in Ahmedabad, was formed in 2014 by Rajat Lala and Chintan Thakkar. The blockchain start-up has now extended to the United States, the United Arab Emirates, Canada, and Australia. For the healthcare, banking, education, media, and real estate industries, SoluLab develops enterprise-class blockchain solutions. It offers private blockchain, app development services, IoT integration with blockchain projects, and utilizing the power of AI to acquire accurate information for blockchain-based applications, among other blockchain innovation products and solutions.
Truffle, Ethereum, Hyperledger, and Quorum are among the technologies used by SoluLab. It also delivers blockchain consulting, engages in businesses, develops native apps, and provides blockchain training.
Bengaluru, India-based Ravi Jagannathan, and Karthik Balasubramanian created KrypC in 2016. The B2B firm assists businesses in developing, deploying, and managing blockchain systems. KrypCore Studio and V-Board Framework are two of KrypC’s products.
KrypCore Studio is a higher blockchain application development studio that assists businesses in converting their novel use-cases into blockchain solutions. It helps them innovate faster by removing time-consuming, complex, and commodity development procedures while using minimum code.
Harnil Oza started the Ahmedabad-based firm Hyperlink Infosystem in 2011. Hyperlink Infosystem began as a mobile app development startup and expanded into the blockchain, AI, and IoT arena in 2019. Presently, the B2B firm provides solutions for enterprises’ blockchain needs, including cryptocurrency wallets, hyper ledger blockchain development, private blockchain, Ethereum cryptocurrency, and smart contracts. Hyperlink Infosystem has grown to include the United States, the United Kingdom, the United Arab Emirates, France, and Canada.
OpenXcell is a blockchain development business situated in Ahmedabad, India, founded by Jayneel Patel in 2008. It also has facilities in the United States and Canada. It provides blockchain technology, smart contracts, smart contract audits, Hyperledger, exchanges, and pocketbooks as well as other services. OpenXcell has a staff of developers and designers who work on anything from basic blockchain networks to advanced blockchain architecture, and its customer base spans the United States, Australia, and Europe.
Originally known as Techracers, Deqode changed its name to Deqode in 2019 and became an independent company. It is based in California and is led by Ankur Maheshwari and Latha Sharma. Deqode has a broad range of corporate blockchain solutions that interact with existing business processes to help companies speed their digital transformation. Among its products are dq.wallet, dq.track, and dq.pay.