In 2023, here are the top 10 blockchain startups to watch
Smart contract implementation enables automatic and self-executing transactions used in many different businesses. Smart contracts, for instance, automate the process of purchasing and selling real estate, doing away with the need for middlemen like attorneys and real estate brokers. Similarly, supply chain management uses smart contracts built on the blockchain to monitor the flow of products from their point of origin to their final destination. This promotes accountability and stops fraud. Smart contracts in finance enable rapid cross-border transactions, automated settlements, and more through self-executing transactions. The adoption of blockchain improves security and transparency while saving time and money.
1. Circle
The New Zealand-based firm CiRCLR creates a waste processing platform to reuse and minimize waste from commercial activities. Blockchain and artificial intelligence (AI) are used by the startup’s business-to-business (B2B) platform to measure, track, trade, and report sustainability claims. These audits help companies reduce waste and reward environmentally friendly behavior. The network links non-edible waste producers with other approved firms to facilitate garbage exchange. Businesses may accomplish net zero goals in this way and utilize these impact measures to draw in sustainable investment.
2. CnerG
A cloud-based renewable energy procurement marketplace and transaction management platform are offered by the South Korean firm CnerG. For the creation, execution, and settlement of power purchase agreements (PPAs) and energy attribute certificate (EAC) trades, smart contracts are used. Thanks to the startup’s unique blockchain technology, these smart contracts provide transactional transparency for both the international and local energy markets. Additionally, it incorporates the Ethereum and Quorum protocols to provide open auctions, private bilateral PPAs, and EAC transactions. CnerG’s platform is used by owners, operators, and investors of renewable energy assets to manage and optimize their investments through data-driven clean energy trading.
3. Axel
Axel, a US-based firm, offers software development kits (SDKs) and application programming interfaces (APIs) for DeF developers. Using the startup’s plug-and-play SDKs, any application may use DeFi. When carrying out non-custodial transactions, they offer native integration in the backend and front end and across several blockchain protocols. Developers can customize user interface and input settings to create financial apps. Thus, while preserving blockchain compatibility, Axel enables enterprise-grade wallets, decentralized exchanges (DeX), aggregators, neobanks, and other finance apps to implement new DeFi services.
4. Shelter Blockchain Technology
Spanish firm Shelter Blockchain Technologies offers a real estate investing platform using blockchain-based smart contracts. The startup’s platform offers shelter utility tokens (SUT), a proprietary cryptocurrency, as investment vehicles for real estate developments and buildings. It tokenizes real estate, offers NFT vacation rental auctions, and facilitates project crowdfunding. The platform uses SUT tokens to expand to additional real estate businesses and provide safer investments amid erratic markets. This platform is used by small real estate projects to raise money from ordinary investors.
5. AllesHealth
Swiss firm AllesHealth provides a platform powered by blockchain to combine patient health data from various sources. It enables patients to exchange medical records with clinical research companies (CROs) and keep them digitally and confidentially. With blockchain encryption, the platform’s medical record library gives individuals authority over their data by ingesting data from laboratories, wearables, and medical records. This helps professionals map out the patient’s health path, personalize their treatments, and control diseases proactively. It also allows people to make money from their health information and gives hospitals and CROs real-world data (RWE) to progress clinical studies.
6. Origami
US-based company Origami produces a DAO operating system (OS) that enables companies to create their DAOs. It is a centralized platform for managing the DAO and allows members to vote on various DAO proposals while on the chain. The network also offers governance tokens for member remuneration and non-fungible tokens (NFTs) to verify member onboarding and safeguard private resources. Organizations may build and expand their DAOs with specialized requirements using the Origami partner network and data-driven coaching.
7. Truffles
Truffles, a startup established in the UAE, creates a decentralized platform to provide on-chain commercial banking for international transfers. The startup’s technology offers institutional on- and off-ramping, worldwide fiat banking, invoicing, accounting connections, and blockchain-enabled financial services. The speed of international remittance settlements is accelerated, while compliance integrations and private NFT-based invoicing help avoid fraud. This platform is used by businesses to simplify transactions, and Web3 has advanced commercial banking.
8. Archipels
A Web3 platform is being developed by French firm Archipels for the digital verification of documents and data. It provides options for data and document authentication, verification, and certification. Blockchain is used by the startup’s Archipels Verify APIs and SDKs to verify the authenticity of documents at the source or issuer. Businesses, banks, and public service organizations can speed up the processing of authentication requests in this way. Additionally, minimizing time and mistakes in know-your-customer (KYC) and other regulatory compliances facilitates quicker client onboarding.
9. Protokol
Dutch firm Protokol is developing a blockchain-based platform and smartphone app to maintain product identity and produce digital product passports. In an immutable digital ledger, brands create digital twins of their products. It logs information on manufacture, maintenance, provenance, and product lifetime events, among other things. This reduces the availability of fake goods and dishonest supplier practices while improving the product’s traceability, transparency, and tradeability. Customers also scan the code associated with the product’s digital counterpart to validate resale or assert ownership of digital assets. This adaptable platform is used by luxury businesses and the consumer products sector to increase brand protection, customer trust, and regulatory compliance.
10. Oasys
A blockchain that is tailored for gaming is offered by the Singaporean business Oasys to support the creation and distribution of games. A proof-of-stake (POS)–based eco-friendly blockchain is provided through its autonomous blockchain gaming environment, which promotes the play-and-earn economy. This blockchain architecture combines layer-1 network reliability and data availability with layer-2 zero-gas cost, scam resistance, and customizable tokenization. With the help of these capabilities, blockchain game creators may avoid common problems like transaction and network security. This makes game production quick and flexible.
