Top 50 Blockchain Companies in 2020
A visualized tour into the world of the top 50 Blockchain Companies in 2020
Blockchain Technologies had seen rapid growth in 2020, the size of the Blockchain Technology market worldwide expanded from 1.2 billion USD in 2018 to 3 billion USD in 2020. It is expected to see further growth at Compound Annual Growth Rate (CAGR) of 67.3%, soaring to 39.7 billion USD in 2025, opening a brand new era for technological innovation.
Despite ongoing skepticism around whether this technology is really worth investing, many leading businesses across various industries are exploring innovative applications of Blockchain Technologies to capitalize its key advantages — Security, Transparency and Efficiency. Blockchain use cases in the healthcare industry, financial industry, and telecom industries have provided effective solutions to the current pain-points, its values are being recognized by influential practitioners and business leaders.
CB Insights — a business analytics platform and global database have recently published a report on the Top 50 Innovators using Blockchain and Cryto technologies to transform their industries . The report ranked the top 50 businesses that are pushing for industry wise revolutions that can be brought by Blockchain applications. According to CB Insights, the ranking is selected from 2,700 businesses, based on metrics such as market potential, team strength, investor profile, competitive landscape, and other measurements focusing on comprehensive evaluation of the long term health and potential of these companies. Covering a huge landscape, the ranking comprises of businesses exploring use cases such as payments, remittances, asset provenance, compliance and much more. In this article I will take you through a visual tour to the world of these innovators and adventurous.
Out of the top 50 Blockchain companies, the top ten companies with highest funding have gathered a total of $2,422 Million USD of funding as of December 2020, while funding to the other 40 companies sums up to $1,065 Million USD. This means that the top 10 companies contributed to 70% of total funding among the top 50, with Coinbase…
