Nasscom report stated that Public sector of India is taking initiatives for establishing more than 40 blockchain enterprises Blockchain market tends to increase four folds and it can reach up to $20 billion by the onset of 2024. Mr. Narendra Modi has already expressed his thoughts on trending technologies like Artificial intelligence and Blockchain for enhancing the economic sector growth. Mr Modi assured the society that these technologies perhaps hinder other employments of people but it will surely make people to the most promising future.
Recently, IT minister Ravi Shankar Prasad insisted on the privileged e-governance arm of the Ministry of Information Technology, National Informatics center, to arise with groundbreaking blockchain technology-based solutions for enlightening and accelerating the quality of education in government schools across the country. He also stated that blockchain technology will be sweeping up new in the zone of governance, excise operations, etc and he also insisted that he would like to visualize its use in the ground of agriculture, primary education and health etc. Blockchain startups in India are increasing day-by-day. Research scientist are now exploring more in blockchain and hence new ventures of these blockchain startups are launching
Here the top blockchain startups in India:
It was established since 2006, SOMISH is based on technology and product elaboration company with proficiency in constructing robotics systems deploying cutting edge technologies. This company headquartered in New Delhi, having more than 50 employees in it. It was founded in the year 2006. Shiv Saran Goel is the chairman and Ish Goel is the CEO and Director of the company.
SOMISH team focuses on working of different variety of blockchain use cases like
- Aviation Maintenance Log
- P2P Insurance
- Tokenized Fund Transfer
- Subsidy Distribution
- Bill Discounting
- Crisis Fund Distribution
Signzy is serving banks by resolve authentication of customer and onboarding complications by the deployment of the blockchain-based solution. It can achieve to mitigate the operational expenditure by 75% almost and enhancing the efficiency of the system three times. Its head office is situated in Bengaluru. Ankit Ratan, Arpit Ratan, Ankur Pandey are the founders of Signzy. It is founded in the year 2015.
- Blockchain technology and Biometric signatures and are used by onboard clients securely and legally.
- Its API platform aids to perceive the legitimacy of the information and cracks down on digital forgery, which human usually ignores.
This company works on the remittances based on bit based cryptocurrencies made on the aspect of blockchain. EzyRemit’s main motive is to mitigate the rate of allowances(remittances) and make it suitable for society to transfer money. It targets to make it more spontaneous and fast instead of being involved in a clumsy process. Its head office is situated in Banglore, founded in the year 2015 and founded by Vishal Kanvaty and Abhijeet Jaiswal. This is a novel company that emphasis to resolve some of the difficult issues related to banking and payments via their flagship blockchain-based products.
The blockchain environment that possesses the capability to create or we can say to build itself in just 6 minutes (or less) along with a feature of the functional web application as well as mobile Progressive Web App, besides with API service. It is headquartered in Pune, Maharashtra The founders of Prime chain are Sheenam Arora And Rohas Nagpal.
The servings of Prime Chain are as under:-
- Step up scalability of various applications
- Save development time
- Wonderfully enhanced system security
Sofocle technologies serve the society by offering global development of blockchain and it aids various companies to revolutionize with fore-front blockchain technologies. It is headquartered in Noida, Uttar Pradesh, founded by Ravi Chamria in the year 2016.This basic emphasis on emerging Blockchain-based enterprise solutions for Health, Finance and Manufacturing areas. It has industrialised solutions for the following:
· Supply Chain Financing also called as sofoSupplyTrade
· Finance also called as sofoTrade
· Product Supply Chain also called as sofoChain
6. PSI PHI Blockchain labs
This mainly focuses on Building next-generation technology-based products that based on distributed ledger technology It Headquartered in Faridabad, founded by Gaurav Kumar, Harsh Pokharna, Aditya Prasad in the year 2016 They mainly work in three essential firms that are supply chain, Telecom and Health sector.
Their primary products are:
- CRYPTO LOCKER – It is used to Save and share documents on blockchain deploying a set of APIs
- DIGI RAIL – It is a Multi-party shared database to elevate or enhance supply chain data flow.
This main emphasis on creating software-based applications for running the day-to-day business. It makes usage of IoT and artificial intelligence technologies. It is headquartered in Mohali, Punjab. It is established by Gurpreet Singh in 2011. There are various services offered by this startup
- Smart contract development
- Blockchain development
- Blockchain consultancy
- Advisory services
- Auxesis Group
This company is specialized in distributed ledger technology and enterprise blockchain technology. It is headquartered in Mumbai, Maharashtra. It was established by Kumar Gaurav and Akash Gaurav. Its employees ranging between 101- 250. It offers the following services and products
- Token bazaar
Blockchain is the trendiest and emerging technology. It has gained more popularity than bitcoin. In this blog, we have learned about top blockchain startups in India. There are many other startups as well. Selecting best out of those is quite a difficult process. I have represented the best of my knowledge about writing a pen down on these. If there are any queries feel free to ask in the comment section.
Also Read- Differences between Bitcoin and Blockchain