Blockchain is another age innovation which has the ability to upset numerous businesses, fundamentally the same as how the Internet was in the mid 1990s.
On the off chance that we discuss India, we should begin with the administration of India which is as of now very much aware of the advantages of Blockchain application through different utilize cases and evidence of work.
Be that as it may, the administration of India is yet to detail a Blockchain administrative system which will address different issues including the absence of ability in the Blockchain business and making sense of who will bear the expense acquired in the upkeep of the whole system and the approval of exchanges.
Likewise, RBI has prohibited the mainstream utilization of Blockchain – digital currency which has its very own negative effect on the Blockchain business.
The Blockchain scene in India is gradually advancing to coordinate the US/UK partners.
The testing part in Blockchain selection/usage is to discover equipped nerds to create Blockchain applications; as it requires a great deal of exertion, time, coding abilities, framework setup and intuitiveness with heritage frameworks.
Be that as it may, taking a gander at the positive side and discussing the useful uses of Blockchain, the legislature of India and various private endeavors have concocted different utilize cases and thoughts through which the Blockchain can be utilized.
We should take a look at The Blockchain Startups That Are Poised To Disrupt The Verticals Including Finance, Governance And Supply Chain.
A List Of Indian Blockchain Startups To Watch In 2020
Elemential – Your Bridge to BlockChain
Elemential is a platform that enables any developer to build and manage blockchain applications at scale.
Bengaluru-based Elemential raised funding from Matrix Partners, Amrish Rau, Investopad, Digital Currency Group, Hinduja Group, Lightspeed India, Eight Innovate, Amit Ranjan, Prashant Malik and other prominent angel investors.
It already has NSE as a client and aims to make Blockchain system deployment simple and easy.
Startup: Elemential Labs
Founded year: 2015
Founders: Raunaq Vaisoha, Anil Dukkipatty and Sahil Kathpal
Sector: Blockchain Technology
Problem it solves: Offering Blockchain developers a Plug-and-play platform to run their networks
Funding: Seed funding
Raunaq Vaisoha started his first cryptocurrency venture at the age of 19 when he was still in college, in 2014, it was during the same time Tokyo-based Mt. Gox, the world’s largest bitcoin exchange, crashed.
That led Raunaq to start looking deeper into Blockchain ledgers.
Established since 2006, SOMISH is a technology and product development company with expertise in building automation systems using cutting edge technologies.
For over 10 years, they have continuously served top line customers with our ability to re-engineer, design, develop and implement automation systems.
Sofocle Technologies is a Global Blockchain development company offering Blockchain solutions across industries including Supply chain, Finance, Healthcare.
Sofocle Technologies Pvt. Ltd is a Blockchain subsidiary of Prolitus, a 10 year old IT solutions company. Founded in 2016, Sofocle is focused on developing Blockchain based enterprise solutions for Finance, Health and Manufacturing sectors.
It has developed solutions for Supply Chain Financing (sofoSupply), Trade Finance (sofoTrade) and Product Supply Chain (sofoChain).
LedgerConnect will be a distributed ledger technology (DLT) platform for the financial services industry designed to enable banks, buy and sell side firms, FinTechs and software vendors to deploy, share and consume services hosted on a single distributed ledger network.
On LedgerConnect financial institutions will be able to access services, in areas such as know your customer processes, sanctions screening, collateral management, derivatives post-trade processing and reconciliation, and market data to realize operational efficiencies and cost savings across asset classes.
Primechain™ Technologies is a blockchain startup with the mission of building blockchains for a better world. Build your very own private blockchain ecosystem.
Blockchains will minimise fraud and maximise efficiency, security & transparency in supply chains, healthcare, global money systems, financial technologies, democratic elections, auction of public assets, energy trading, electronic record authentication, delivery of Government services, IoT and much much more….
…and Primechain Technologies will lead this global economic and social revolution.
Signzy is a standout example of tech-enabled disruption. Signzy currently offers a digital on-boarding solution for banks, NBFCs and other financial institutions.
Most banking services are going digital but one key process that is still offline and hampers consumer experience is regulatory compliance.
There is a pressure to dilute digital KYC however digital has higher risk. We at Signzy believe that through a combination of Artificial Intelligence and blockchain we can ensure that digital compliance is convenient but yet secure.
Unocoin is Universal. Mobile & Desktop. iOS & Android. You can install the Unocoin app on your mobile devices. It is compatible with iOS and Android operating system and has a responsive design.
Unocoin is India’s leading Crypto asset & Blockchain company with over a million customers.
• Raised 2.5 million USD in pre-series A funding from top investors like Blume Ventures, Mumbai Angels, Boost VC, Digital Currency Group etc
• Featured among the top 20 out of 350 companies in The FinTech 20: India list.
• Unocoin is a member of NASSCOM.
• Picked amongst top 30 technology startups for Tech30 2017 by YourStory India.
SpringRole – Employee verification protocol on the blockchain
Blockchain powered attestation protocol for verifying professional profiles. Create your profile now on our live beta and join us in building a trusted network.
SpringRole network is powered by the SPRING token. Every action on the platform is linked to the token and the token can be used within the platform to perform various actions.
SpringRole is powered by the SPRING token which is an ERC-20 compliant token. Every action on the platform is linked to the token and the token can be used within the platform to perform various actions. SPRING token is the fuel that powers and drives the platform.
Trestor is an India based blockchain startup which has created “Trest” a secure, digital, store of value. Using the power of Trestor’s blockchain and our decentralised network of trustless nodes ‘Trests’ can be transferred directly from person to person anywhere across the globe.
There is zero transfer fees, Trests are transferred within seconds, accounts can never be frozen and there are no paperwork or limits!
Trestor network is designed keeping underbanked in mind. Most think that poor just need a bank account and a payment card and once they get it, they will happily switch from cash to a centralised, freezable, chargeable, hackable payment system that the rest of us use.
Maybe we should re-think this assumption. “Maybe what unbanked people really need is digital equivalent of cash instead of our banks and our way of banking
EzyRemit are a next gen technology platform & solutions firm powered by blockchain technology. We are based out of Bangalore, India focused completely on usage of blockchain across differnt business and functional domains.
Their solutions portfolio include cross border remittance, Digital identity on blockchain, Gift cards wallet on blockchain and Digital certificate on blockchain.
Minddeft, bring constant technological innovation to your business by leveraging the potential of Blockchain technology.
Building Blockchain solutions, services and products for industries such as Finance, Supply Chain, Healthcare, Manufacturing and Real Estate; they help optimise business processes, increasing the efficiency of your organization as a whole.
Indian Blockchain Startups
So that’s all from my side in this post of Hottest Indian blockchain startups.
If there are any interesting startups that I haven’t mentioned about here, do let me know.