Top 50 Blockchain Startups 2017

Intro

There is no doubt that Blockchain is a revolutionary technology. The awareness about it grows day by day, with each adoption or implementation in businesses and organizations. Therefore, you either hop on or fall off the radar.

Blockchain Technology Gaining Momentum

Earlier, cryptocurrency beginners mostly heard about bitcoin and then found out about the technology behind it. Nowadays, blockchain is worthily ahead of Bitcoin, because it is this technology that opens new opportunities and ways to make people’s life easier. Various industries are searching for ways to integrate blockchain: financial institutions, healthcare, security, media, consumer products etc. Only over 2016, $1.4 billion was invested in blockchain companies and startups.

Another reason why investors are believing in the industry is that cryptocurrency prices are rapidly growing. At the moment of writing, one Bitcoin costs around $2,920. Current market capitalization of only top 3 cryptocurrencies is over $70 bn — Bitcoin ($39 bn), Ethereum ($20 bn), Ripple ($11 bn). For comparison, a year ago (June 2016) the market cap of Bitcoin was only $8 bn, which is 5 times less.

Top 50 Bitcoin and Blockchain Startups 2017

We are now watching a huge money inflow into the industry of distributed ledgers and a great potential of blockchain. No wonder, there are so many blockchain-related companies that came up with various decisions and implementations of this technology. We came with a list of the top startups to follow in 2017.

1. BitPesa

Total equity funding: $5.75m (BitFury Capital, Blockchain Capital, Colle Capital Partners, Digital Currency Group, Draper Associates, Future Perfect Ventures, Greycroft Partners, Pantera Capital, Stephens Investment Management)

BitPesa is enabling businesses to send payments and get paid in different currencies between Africa and the rest of the world using blockchain. They have already covered over 85 countrie...