Blockchain
BeInCrypto reviews 9 of the most prominent blockchain infrastructure companies. This article highlights their products and services to help with the adoption and usage of blockchain technology.
The role of the blockchain infrastructure providers is crucial in the widespread adoption of blockchain technology. This space is home to the infrastructure and tools needed for individuals and businesses to interact with blockchain platforms. This will provide real-world utility and encourage adoption.
1. Fireblocks
Fireblocks was created in New York in 2018. It is a fascinating project that seeks to offer the benefits blockchain security to numerous institutions. It offers custodial and decentralized financial services, including the management of digital assets and treasury operations.
2. Blockdaemon
Blockdaemon, a blockchain infrastructure company, provides a cloud-based platform that allows you to deploy and manage blockchain nodes. The platform allows users set up and manage nodes in various blockchain networks such as Bitcoin and Ethereum.
Blockdaemon’s goal is to make the process of running blockchain nodes easier and more accessible for a wider audience. The company’s platform is designed to be user-friendly and offers features such as automated node updates, monitoring, and alerts to help users manage their nodes efficiently. The company also offers support and consulting services to help users get maximum value from their blockchain nodes.
3. Chainalysis
Chainalysis was established in 2014 as a blockchain analytics firm. They provide software to assist financial institutions, exchanges and government agencies with compliance and investigation. The company’s products are used to track and investigate cryptocurrency transactions and help organizations comply with regulations.
Exciting, right? Chainalysis is the leader in catching criminals using blockchain technology.
4. Blockstream
Blockstream supports Bitcoin blockchain. The company’s mission is to enable the global Bitcoin community to build on the foundation of the Bitcoin network and to drive the development of new applications and technologies.
Blockstream also conducts research, development and analysis on a variety of topics related Bitcoin and blockchain technology. It works with various clients and partners to promote the adoption of these technologies.
It has released a range of products and service, including the Liquid Network (a Bitcoin sidechain), the Blockstream Satellite network (a network that broadcasts the Bitcoin blockchain) as well as the Blockstream Green wallet (a crypto wallet for desktop and mobile devices).
In 2014, it was founded. It is headquartered at Montreal, Quebec and has offices in London Hong Kong and San Francisco.
It has released a range of products and service, including the Liquid Network, which is a sidechain for Bitcoin, the Blockstream Satellite, as well as the Blockstream Green wallet (a cryptocurrency-wallet for mobile and desktop devices).
5. Axoni
Axoni, a New York-based fintech company streamlines the post-trade process in capital markets.
Axoni’s services include smart contract platforms, data synchronization and reconciliation using blockchain technology. Axoni offers consulting and implementation options that help clients develop and implement blockchain-based solutions. Axoni works with clients and partners from a variety industries to promote the adoption and growth of blockchain technology.
Established in 2013, they’ve raised over $100 million in funding from investors such as JPMorgan and Goldman Sachs.
6. Everledger
Everledger, a London-based company, creates digital records that track the ownership and provenance physical assets using the blockchain. The company’s platform is used by a range of industries. These include precious jewels, wine, fine art and fine music, which are used to track and authenticate the movement of assets. Everledger has raised more than $20 million from investors such Santander InnoVentures or Accenture Ventures.
7. Provenance
Provenance is a UK-based organization that uses blockchain technology for transparent records of the origin and history of products. The company’s platform is used by retailers and manufacturers to track the movement of goods through the supply chain and to provide customers with information about the origin and sustainability of the products they purchase.
8. Aeternity
Aeternity, a blockchain startup based out of Liechtenstein, focuses on decentralized applications (DApps), for a variety of uses, including supply chain management and voting systems.
The company’s platform uses a unique consensus mechanism called “proof-of-knowledge” that is designed to be more efficient and secure than other blockchain protocols. Aeternity raised more than $70 million from investors Polychain Capital, Fenbushi Capital, and Polychain Capital.
9. Elliptic
Elliptic, which was established in the UK in 2013, offers solutions to banks, cryptocurrency exchanges and other financial institutions. The company offers a range of services and products that are tailored to meet the needs of its clients.
These tools include blockchain analytics tools, which allow clients to track and monitor crypto transactions. They also offer consulting and implementation services that help clients design and implement blockchain-based solutions.
Picks and shovels
The pick-and shovel approach to investing is the strategy of investing only in companies that are able to provide the required resources and tools for the industry. This is an alternative to directly investing in the industry.
This can be especially effective for companies that are blockchain infrastructure. The blockchain industry is still young and is susceptible to volatility and uncertainty.
Instead of investing directly in cryptocurrency-based applications and cryptocurrencies, invest in companies that can provide the necessary infrastructure. Investors could potentially reap the benefits of the industry’s growth without taking on too much risk.
Companies that are blockchain infrastructure companies have more stability and a wider revenue stream than companies with a single product. These companies may appeal to investors who are looking to diversify their portfolios and lower their risk. It is possible to invest in blockchain infrastructure companies, which minimizes risk and maximizes stability.
While cryptocurrencies may be volatile, the technology that underpins them (blockchain), is here to stay.