3. Blockchain Applications, July 2016
Contents
Topic Page No.
Scope of Report 05
Entrepreneur Activity 07
Investment Trend 09
Who is Investing 17
Exit Outlook - IPO, Acquisitions 21
Sub Sector Analysis 23
Interesting Companies 38
Useful Links 47
Company List 49
Team 158
3
3
4. Blockchain Applications, July 20164
Illustrative Sectors We Track
ENTERPRISE
INFRASTRUCTURE
ENTERPRISE
APPLICATIONS
MOBILEFINTECH
TECH CONSUMER EDUCATION HEALTHCARE
SECURITY
STORAGE
NETWORKING
MOBILITY
IT OPS
CLOUD INFRASTRUCTURE
API MANAGEMENT
BIGDATA INFRASTRUCTURE
SAAS
MOBILE-FIRST ENT. APPS
INTELLIGENT ENT. APPS
OPEN SOURCE
RETAIL TECH
MARKETING TECH
STEALTH MODE
VERTICAL SAAS
MOBILE COMMERCE
MOBILE PAYMENTS
MOBILE MARKETING
MOBILE DEV TOOLS
MOBILE HEALTH
MOBILE GAMING
MOBILE LEARNING
MOBILE COMMUNICATION
BANKING TECH
PAYMENTS
CONSUMER FINANCE
INVESTMENT TECH
BLOCKCHAIN APPLICATIONS
REMITTANCE
CROWDFUNDING
ALTERNATIVE LENDING
INTERNET OF THINGS
3D PRINTING
MARKETPLACE
FOOD TECH
EDUCATION IT
SELF LEARNING
LIFE SCIENCES
DIGITAL HEALTH
5. Blockchain Applications, July 20165
Sector Overview
Category Description
Financial Services Applications of Blockchain Technology in Financial Services
Enterprise Solutions Enterprise applications of Blockchain Technology
Technology Enablers Companies enabling blockchain technology implementation
Consumer Companies targeting consumer focused use-cases of blockchain technology
Scope of report
Blockchain is the technology that enables permanent, immutable and shared storage of data, where the exact same set of data
can be accessed and operated on by multiple industry players simultaneously. This helps to eliminate the concerns related to
interoperability of data management systems. The earliest use-case of blockchain technology is Bitcoin, the widely known
cryptocurrency.
Blockchain has applications across industries including but not limited to Financial Services, Supply Chain, Healthcare, IoT.
Within Financial Services, its most exploited use cases have been: Post-Trade settlement solutions for Capital Markets, Cross
border money transfer, P2P Insurance and Re-Insurance, Trade Finance.
The broader categories into which blockchain use-cases can be divided is as per the following:
The scope of this report includes equity as well as debt funding received by the companies.
6. Blockchain Applications, July 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
6
6
7. Blockchain Applications, July 20167
YoY – Number of companies founded
1 3
12
47
159
150
32
0
36
72
108
144
180
2010 2011 2012 2013 2014 2015 2016
NumberofCompanies
My Market Partners Mirror Ripple PeerNova Blockstream Symbiont Civic Technologies
8. Blockchain Applications, July 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
8
8
9. Blockchain Applications, July 20169
YoY – Number of Rounds and Total Funding
$8M $8M
$92M
$202M
$178M
1
1
9
56
71
38
0
10
20
30
40
50
60
70
80
0
50
100
150
200
250
2010 2011 2012 2013 2014 2015 2016
NumberofRounds
FundingAmount(inMillions)
Funding Amount Number of Rounds
Note: The funding includes debt rounds also.
16. Blockchain Applications, July 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
6
16
17. Blockchain Applications, July 201617
Most Active Investors in Sector
17
11
10
9
8
6
5 5 5 5
0
4
7
11
14
18
Digital Currency
Group
Blockchain
Capital
RRE Ventures Boost Pantera Capital 500 Startups Crypto Currency
Partners
Andreessen
Horowitz
SV Angel Union Square
Ventures
TotalNumberofCompanies
Ripple Blockstream Chain Mirror Chain BlockCypher Chain Ripple Chain Onename
Align Commerce Ripple Ripple Align Commerce Align Commerce Fluent Network PeerNova Keybase Onename Mediachain
20. Blockchain Applications, July 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
0
20
21. Blockchain Applications, July 201621
Major Acquisitions in last one year
Date Company Acquirer Overview
Apr-2016 elevence.com
Elevence Digital Finance
(Zurich, 2015)
Digital Asset Holdings
Technology for rights/obligation determination on blockchain
Mar-2016 xapcash.com
XAPCASH Technologies
(Vancouver, 2015)
Blockchain Technologies Ltd
Blockchain based remittance company
Oct-2015 blockstack.io
Blockstack
(San Francisco, 2015)
Digital Asset Holdings
Enterprise software stack for financial services to create
blockchain 2.0 applications quickly and easily.
Jun-2015 blockchaintechcorp.com
Blockchain Technologies Corp
(New York City, 2015)
Global Arena Holdings
Blockchain technnology provider and startup accelerator
Jun-2015 bitsofproof.com
Bits of Proof
(Budapest, 2013)
Digital Asset Holdings
Enterprise level server to integrate blockchain technology into
financial applications
22. Blockchain Applications, July 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
2
22
23. Blockchain Applications, July 201623
June 2016Tracxn BlueBox : Blockchain Applications
400+ companies in the sector, 134 funded, $380M invested in 2015/2016
24. Blockchain Applications, July 201624
Top Business Models by Funding
$222M
$181M
$68M
$16M
0
50
100
150
200
250
Financial services Technology Enablers Enterprise Solutions Consumer
TotalFundingAmount(inMillions)
# Cos. 115 141 112 44
Avg. Age 2014.3 2014.1 2014.1 2014.4
Digital Asset Holdings Blockstream Filament Maidsafe
Ripple Chain Keybase Augur
37. Blockchain Applications, July 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
7
37
38. Blockchain Applications, July 201638
Interesting Unfunded Companies
Company Overview Business Model
axoni.com
Axoni
(2016, New York City)
Blockchain solutions for capital markets Financial services - Trading - Capital markets
algorythmix.in
Algorythmix Tech
(2015, Mumbai)
Application development projects based on Ethereum Technology Enablers - Service providers
slock.it
Slock.it
(2015, Mittweida)
Block chain based IoT smart contract solution Enterprise Solutions - Internet Of Things
geopay.co.za
GeoPay
(2014, Sandton)
Mobile wallet payment and money transfer service provider Financial services - Payments - Money Transfer
banquapp.com
BanQu
(2015, Austin)
Economic identity platform on blockchain
Enterprise Solutions - Distributed Identity -
Economic Identity
syscoin.org
Syscoin
(2014, Brasilia)
Blockchain services for merchants via marketplace Consumer – P2P Commerce
switchless.com
SWITCHLESS
(2013, Singapore)
Bitcoin software for banks, private wealth managers and brokerage firms Technology Enablers - Service providers
bitsim.co
Fuzo
(2014, Hong Kong)
Secure platform for developers to leverage and introduce bitcoin blockchain Financial services - Payments - Money Transfer
Curated list of companies by the sector analyst are defined as Interesting
46. Blockchain Applications, July 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
6
46
47. Blockchain Applications, July 201647
Useful Links
Slide Title Content Platform Link
List of All Companies in readable format Companies Link
Large Upcoming Sectors Entrepreneur Activity Link
Niche Upcoming Sectors Entrepreneur Activity Link
Top investments in last one year Investment Trend Link
Major Acquisitions in last one year Exit Outlook - Acquisitions Link
FinTech – Most Funded Companies Sub Sector Understand Link
Enterprise Solutions– Most Funded companies Sub Sector Understand Link
Technology Enablers – Most Funded Companies Sub Sector Understand Link
Marketplaces – Most Funded Companies Sub Sector Understand Link
Social Networks – Most Funded companies Sub Sector Understand Link
Top Funded Deadpooled Companies Companies Link
48. Blockchain Applications, July 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
8
48
49. Blockchain Applications, July 2016
DETAILS OF 412 COMPANIES
(134 FUNDED COMPANIES)
COVERS THE FOLLOWING SECTORS
Financial Services Enterprise Solutions Technology Enablers Consumer
49
Blockchain Applications – Company List
50. Blockchain Applications, July 201650
Financial services (1/31)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Company Details Funding Investors
ANX International [Hong Kong, 2013]: ANX is a Financial Technology company that enables
companies and institutions harness Blockchain. They enable merging traditional payment
networks with the new digital assets ecosystem.They offer full front-to-back stack of
services and managed solution to the global market, providing all the core operational
services such as customer service, payment processing, KYC compliance, AML monitoring,
wallet management etc.
Trading - White label Exchanges
AlphaPoint [New York City, 2013]: AlphaPoint provides white label solutions to enables
businesses to integrate with digital currencies by setting up their own bitcoin exchange.
Currently implements XBT, LTC, PPC, FTC, NMC and TRC. The exchange platform is ready to
trade with the fiat currencies of choice. Digital currency automation tied with bank
integration result in a turn-key and easy to manage system. Full ability to customize pairs
allows your institution to add new tradable products. Examples include fiat to fiat, crypto to
fiat and crypto to crypto. Exchange performance of up to a million transactions per second.
Their database is a next-generation design based on platforms currently used to process
HFT risk analysis.
$1.35M
Crypto Currency Partners, Ben
Franklin Technology Partners of
Southeastern Pennsylvania,
Blockchain Capital
Trading - White label Exchanges
BlinkTrade [New York City, 2013]: BlinkTrade provides clients with a white-label solution
for building Bitcoin exchanges, thereby offering them a cost-effective way to start their own
bitcoin exchanges and removing the need to hire a developer. Provides an open source
platform that uses multi-signature technology to protect the customers and brokers. The
platform is built on a WebSocket API, allowing any front-end developer to build applications
with which users can convert bitcoin to fiat.
$40.57k
Trading - White label Exchanges
Noble Markets [New York City, 2014]: Noble markets intends to deliver a marketplace for
institutional financial, commercial and exchange clients and partners by leveraging
blockchain. They leverage trading technology from Nasdaq OMX for their institutional-
focused marketplace. They are looking to work with Bitcoin exchanges to provide further
liquidity. Currently the exchanges show that there is money, but volume is lacking which
affects liquidity of bitcoin as an asset. Hence by connecting with exchanges, Noble Markets
will be able to help the institutional investors get in and out of bitcoin with more certainty.
Tally Capital, Blockchain Capital
51. Blockchain Applications, July 201651
Financial services (2/31)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Company Details Funding Investors
Trading - Capital markets - OTC Trading
clearmatics [London, 2015]: Clearmatics is developing a clearing and settlement technology
for financial OTC markets. Its blockchain technology brings together custodians and end-
users on a single platform, where members can settle securities and automate the
performance of financial contracts on a trusted and decentralized virtual machine. As of
June 2015, the company is in stealth mode. The company recently demo-ed their OTC
trading product with OpenGamma in Quantech 2016 in April
Route 66 Ventures, Nyca Partners,
Tellurian Capital
Trading - Capital markets
Digital Asset Holdings [New York City, 2014]: Digital Asset builds distributed, encrypted STP
tools for capital markets and financial institutions. It develops technology that helps
efficiency, transparency, compliance and settlement speed using cryptographic, distributed
ledgers. Their offerings are 1) Open source distributed ledge infrastructure to create ledgers
2) Digital asset platform that interacts with ledgers and enable applications embedded with
business logics in the form of low-level services 3) Business applications that are asset-
specific plugins. In Jan, 2016 the company was selected by ASX to develop solutions for the
Australian market utilizing Distributed Ledger Technology.
$60M
Accenture, IBM, Goldman Sachs,
Broadridge Financial Solutions,
Citigroup, J.P. Morgan, CME Group,
BNP Paribas, ABN AMRO Bank,
Australian Securities Exchange, PNC
Financial Services Group, Deutsche,
DTCC, ICAP plc, Santander
InnoVentures
Trading - Capital markets
itBit [Tower, 2012]: itBit offers a suite of products leveraging traditional capital markets
infrastructure and blockchain technology. The product offerings include: 1.Trading Services:
Allows buying and selling of Bitcoins on global exchange and OTC counter.; 2.Bankchain:
Clearing and settlement system that leverages private permissioned distributed ledger
technology to execute post-trade.It facilitates trades between Bitcoin and U.S. Dollars,
Singapore Dollars, and Euros. The company also offers 3 APIs - FIX, REST and Market Data
for high frequency & Institutional traders.
$28.25M
Canaan Partners, RRE Ventures,
Liberty City Ventures, Raptor Group,
Blockchain Capital, Digital Currency
Group
52. Blockchain Applications, July 201652
Financial services (3/31)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Company Details Funding Investors
Trading - Capital markets
PeerNova [San Jose, 2013]: Peernova provides solutions for securities exchange and
financial services. PeerNova has developed a technology platform that provides
immutability and data integrity for use in securities exchanges applications. Based on
blockchain, their patent-pending technology enables use of immutable ledgers and
databases in real-time for multi-asset and multi-party transactions. Traditional applications
of blockchains involve de-centralized ledgers, distributed consensus protocols, and
anonymous users. Received a pre-Series A investment from semiconductor industry veteran
and ex-Sequoia Capital VC, Pierre Lamond, and FireEye’s founder Ashar Aziz in July 2014.
With subsequent rounds of funding the firm has sought to move away from self mining and
move more into a fullfledged blockchain application service provider
$19.6M
Overstock, Crypto Currency Partners,
Mosaik Partners, Blockchain Capital
Trading - Capital markets
Cryex [Stockholm, 2013]: Cryex claims to provide an order driven, multi-currency matching
platform with central counterparty clearing (CCP) for first Spot and later Derivatives. They
plan to leverage blockchain based transaction settlement to offer the European market a
clearing and trading model, providing transparency on price and cost, whilst increasing
speed and lowering risk in clearing and settlement of FX products.
$10M
Northzone, White Star Capital,
SparkLabs Global Ventures
Trading - Capital markets
ShellPay [Shanghai, 2015]: ShellPay is a block chain application for financial transactions. It
offers users with different products, such as, a bitcoin wallet, a bitcoin currency - ShellCoin,
bitcoin based technology solutions for stock exchange etc. It has raised Angel round of
funding from Weijia Capital.
$770K
Trading - Capital markets
Equibit Development Corporation [Canada, ]: Equibit is a blockchain-based securities
register allowing for efficient management of OTC equity, warrants, partnership units and
more. The system includes a shareholder communications system, as well as the ability to
easily issue BTC-denominated dividends and distributions to holders of equity.
$150k
157. Blockchain Applications, July 2016
Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
7
157