Top 10 blockchain companies in UK, Blockchain technology has shown to be a real industrial revolution disruptor. According to the International Data Corporation, yearly worldwide expenditure on blockchain solutions is estimated to reach $11.7 billion by 2022, growing at an exponential pace.
The market is quickly expanding, with new individuals joining every day. If you are interested in blockchain technology and need help, contact the Relevant Software team, which has created over 200 successful projects in this field. We will assist you in investing in the greatest blockchain firms in the UK, which have shown exponential development and outperformed their competition.
Let’s take a look at the top UK blockchain businesses to understand what it takes to be successful in this field.
Blockchain.com is one of the most successful blockchain technology startups in the United Kingdom. It is a full-stack bitcoin services platform that enables users to store, trade, and manage cryptocurrency assets. The firm collaborates with B2B and B2C customers to build financial services standards and cryptocurrency infrastructure.
Blockchain.com was created in 2014 and has had tremendous success in the blockchain field since then. The firm was a pioneer in the sector, creating infrastructure for the bitcoin community. Later, it launched Blockchain Explorer, which enabled users to investigate blockchain transactions and build on Bitcoin using its APIs.
It has secured £356 million in equity capital from Silicon Valley, Wall Street, and London-based investors. Surprisingly, £218 million of the amount was raised in a single round of investment in 2021.
Top 10 blockchain companies in UK, Elliptic is a firm established in London that provides blockchain analytics, certifications, regulatory compliance, and financial management.
Elliptic began in 2013 as a basic bitcoin storage service that protected bitcoin private keys against hackers and thefts. It grew into a full-fledged blockchain research company over time, working with some of the world’s major financial institutions to safeguard them against financial fraud in crypto assets.
The firm assists in the investigation of unlawful Bitcoin transactions by tracking them via all entities in the chain. It keeps track of millions of Bitcoin addresses in order to identify suspect bitcoin activities. Elliptic’s research and development includes a reaction to ransomware assaults. The team has developed software that can detect such assaults and track down the ransom paid during them.
Elliptic is the only blockchain analytics company named a World Economic Forum Technology Pioneer. Furthermore, it presently manages 66% of all crypto volume exchanges in the globe. In 2015, the firm received $5 million in seed capital, followed by $23 million in Series B fundraising in 2019.
Zamna is another smart blockchain company that is leveraging this technology to build a secure identity data management platform for corporations and people. Their objective is to facilitate the secure and unfettered movement of identification data across the travel industry and beyond.
Zamna leverages blockchain to build apps that validate people’s digital identities and safely distribute them across platforms. A real illustration of what they are attempting to create is an ecosystem in which you can travel between nations and stay in various hotels without having to use your actual passport.
The business is also focusing on implementing a similar idea in the healthcare sector, where each individual’s health condition may be digitally validated without any data security or leakage risks.
So far, the firm has secured over $5.9 million in equity capital and is expanding with its very beneficial and revolutionary products.
Top 10 blockchain companies in UK, Adhara primarily works with large enterprises and financial institutions to manage liquidity and international payments for decentralised financial networks. Other possibilities include tokenized money via smart contracts for multi-currency payment processing, FX, and international payments.
The World Economic Forum named Adhara a Technology Pioneer in 2021. In addition, Technology Innovators Magazine named their CEO one of the top 25 blockchain technology CEOs of 2020.
Yabeo, FOMCAP, and a few other investors have contributed $7.5 million in Series A investment to the startup. The entire equity financing is estimated to be over $14 million.
Argo Blockchain is the first and only cryptocurrency mining firm to get a standard listing on the London Stock Exchange. The firm, which specialises on large-scale bitcoin mining, is now publicly listed.
Argo Blockchain operates cutting-edge mining operations outfitted with cutting-edge technology and very energy-efficient machines. Their priority is to provide inexpensive consumer services for crypto mining in order to reach as many people as possible.
This business is one of the few blockchain technology development firms in the UK that has achieved ‘climate positive’ status for Scope 1, 2, and 3 greenhouse gas emissions. It has secured a total of $24.4 million in equity capital.
Top 10 blockchain companies in UK, Everledger is transforming the supply chain by increasing transparency via the use of technology solutions such as blockchain, artificial intelligence (AI), and the Internet of Things (IoT). The objective is to make asset information for high-value items more transparent and accessible.
Producers that sign up for the Everledger Platform may prove the origin, ownership, and attributes of their goods. The software may be used to offer explicit documentation of production details for blockchain-added object-level provenance data.
The Australian government just awarded Everledger a $3 million blockchain project. Previously, the UK government provided $7 million in bridge finance, and the Chinese provided $20 million in Series A capital. The overall amount of equity capital is close to $40 million.
Travala is a blockchain-based travel booking platform that allows clients to use major cryptocurrencies to book over 3 million travel goods worldwide. Since its inception in 2017, the firm has expanded rapidly to become a seamless travel booking platform that employs next-generation blockchain technology and tokenized rewards.
The company’s goal is to integrate trip booking with decentralised technology, encouraging user accessibility and censorship-resistant peer-to-peer transactions. The site presently includes over 2,200,000 properties at 90,124 vacation locations in 230 countries, with rates up to 40% cheaper than other popular travel booking platforms.
The firm is situated in Lancashire, England, and has secured £2 million in equity capital.
Top 10 blockchain companies in UK, Coinfirm offers a wide range of blockchain services, such as blockchain analytics, cryptocurrency exchanges, risk management, investigations, and regulatory compliance. Coinfirm’s objective is to fuel blockchain mainstream adoption and to build a secure blockchain economy with AML/KYC compliance.
Coinfirm’s blockchain RegTech solutions assist in the creation of new exchanges, the establishment of market leaders on a worldwide scale, and the compliance with all regulatory norms. Furthermore, real-time risk warnings of fraudsters and other bad actors provide a safe crypto exchange environment. Analytics services include various risk reporting, case management, C-Live monitoring, and visualisations.
Since its inception in early 2016, the business has developed to become a globally known RegTech firm. Bird Capital led a $4 million institutional fundraising round for the company.
Fetch.ai is developing open access, tokenized, and decentralised machine learning network to allow smart infrastructure based on a decentralised digital currency. Users may utilise the Fetch.ai framework to create and deploy complicated AI-based models for decentralised issue solving.
FET, Fetch.ai’s Ethereum-based currency, enables apps throughout its network. The cryptocurrency is almost as secure as Bitcoin and Ethereum and may be exchanged on sites such as Binance.
The firm was launched in 2017 and is situated in Cambridge. Over three rounds and four years of operation, it has raised an estimated $26 million in the capital.
Top 10 blockchain companies in UK, SETL offers enterprise-grade blockchain solutions for real-time financial settlements, asset management, and payment processing. It offers services such as accurate identity verification, secure communications, and faster transactions to its consumers. SETL executes transactions using a distributed ledger platform to provide maximum security.
SETL’s solutions are very rapid, having the capacity to deliver 30,000 transactions per second. Furthermore, the record-keeping is completely irreversible, and the loss of one or more nodes has no effect on the availability of the system. This transaction speed significantly decreases the time necessary to process payments while maintaining the same degree of security and identity verification as traditional banks.
SETL was created in 2015, yet it has amassed an amazing clientele and continues to get media attention. It is trusted by some of the world’s biggest corporations, including Citibank, Deloitte, and Orange, and has received around $39 million in investment so far.
It is simple to get disoriented in the fast-paced world of blockchain and cryptocurrency. Every day, new businesses develop, and it is critical to grasp the fundamentals in order to navigate this market. We hope our extensive assessment of the top blockchain-based firms in the UK was informative and provided you with a clear picture of what the blockchain industry will look like in 2022.