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Blockchain Applications, July 2016
Tracxn
World’s Largest Startup Research Platform
2
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
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
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.
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
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
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
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.
Blockchain Applications, July 201610
YoY – Number of Rounds by Stage
Blockchain Applications, July 201611
YoY – Funding by Stage
Blockchain Applications, July 201612
Average Ticket Size – Early Stage
Blockchain Applications, July 201613
Top investments in last one year
Blockchain Applications, July 201614
Top investments in last one year
Blockchain Applications, July 201615
Funnel view of Sector
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
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
Blockchain Applications, July 201618
Where are Top Investors investing
Blockchain Applications, July 201619
Top Investor by Stage of Entry
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
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
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
Blockchain Applications, July 201623
June 2016Tracxn BlueBox : Blockchain Applications
400+ companies in the sector, 134 funded, $380M invested in 2015/2016
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
Blockchain Applications, July 201625
Financial Services – Business Model Description
Blockchain Applications, July 201626
Financial Services – Entrepreneur Activity and
Investment Trend
Blockchain Applications, July 201627
Financial Services – Most Funded Companies
Blockchain Applications, July 201628
Technology Enablers – Business Model
Description
Blockchain Applications, July 201629
Technology Enablers – Entrepreneur Activity and
Investment Trend
Blockchain Applications, July 201630
Technology Enablers – Most Funded Companies
Blockchain Applications, July 201631
Enterprise Solutions – Business Model Description
Blockchain Applications, July 201632
Enterprise Solutions – Entrepreneur Activity and
Investment Trend
Blockchain Applications, July 201633
Enterprise Solutions – Most Funded Companies
Blockchain Applications, July 201634
Consumer – Business Model Description
Blockchain Applications, July 201635
Consumer – Entrepreneur Activity and Investment
Trend
Blockchain Applications, July 201636
Consumer – Most Funded Companies
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
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
Blockchain Applications, July 201639
Interesting Unfunded Companies
Blockchain Applications, July 201640
Interesting Seed Companies
Blockchain Applications, July 201641
Interesting Seed Companies
Blockchain Applications, July 201642
Interesting Series A Companies
Blockchain Applications, July 201643
Interesting Series A Companies
Blockchain Applications, July 201644
Interesting Late Stage Companies
Blockchain Applications, July 201645
Top Funded Deadpooled Companies
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
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
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
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
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
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
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
Blockchain Applications, July 201653
Financial services (4/31)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 201654
Financial services (5/31)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 201655
Financial services (6/31)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 201656
Financial services (7/31)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 201657
Financial services (8/31)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 201658
Financial services (9/31)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 201659
Financial services (10/31)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 201660
Financial services (11/31)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 201661
Financial services (12/31)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 201662
Financial services (13/31)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 201663
Financial services (14/31)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 201664
Financial services (15/31)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 201665
Financial services (16/31)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 201666
Financial services (17/31)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 201667
Financial services (18/31)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 201668
Financial services (19/31)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 201669
Financial services (20/31)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 201670
Financial services (21/31)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 201671
Financial services (22/31)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 201672
Financial services (23/31)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 201673
Financial services (24/31)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 201674
Financial services (25/31)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 201675
Financial services (26/31)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 201676
Financial services (27/31)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 201677
Financial services (28/31)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 201678
Financial services (29/31)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 201679
Financial services (30/31)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 201680
Financial services (31/31)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 201681
Enterprise Solutions (1/28)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 201682
Enterprise Solutions (2/28)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 201683
Enterprise Solutions (3/28)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 201684
Enterprise Solutions (4/28)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 201685
Enterprise Solutions (5/28)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 201686
Enterprise Solutions (6/28)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 201687
Enterprise Solutions (7/28)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 201688
Enterprise Solutions (8/28)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 201689
Enterprise Solutions (9/28)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 201690
Enterprise Solutions (10/28)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 201691
Enterprise Solutions (11/28)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 201692
Enterprise Solutions (12/28)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 201693
Enterprise Solutions (13/28)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 201694
Enterprise Solutions (14/28)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 201695
Enterprise Solutions (15/28)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 201696
Enterprise Solutions (16/28)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 201697
Enterprise Solutions (17/28)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 201698
Enterprise Solutions (18/28)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 201699
Enterprise Solutions (19/28)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 2016100
Enterprise Solutions (20/28)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 2016101
Enterprise Solutions (21/28)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 2016102
Enterprise Solutions (22/28)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 2016103
Enterprise Solutions (23/28)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 2016104
Enterprise Solutions (24/28)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 2016105
Enterprise Solutions (25/28)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 2016106
Enterprise Solutions (26/28)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 2016107
Enterprise Solutions (27/28)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 2016108
Enterprise Solutions (28/28)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 2016109
Technology Enablers (1/36)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 2016110
Technology Enablers (2/36)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 2016111
Technology Enablers (3/36)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 2016112
Technology Enablers (4/36)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 2016113
Technology Enablers (5/36)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 2016114
Technology Enablers (6/36)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 2016115
Technology Enablers (7/36)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 2016116
Technology Enablers (8/36)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 2016117
Technology Enablers (9/36)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 2016118
Technology Enablers (10/36)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 2016119
Technology Enablers (11/36)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 2016120
Technology Enablers (12/36)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 2016121
Technology Enablers (13/36)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 2016122
Technology Enablers (14/36)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 2016123
Technology Enablers (15/36)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 2016124
Technology Enablers (16/36)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 2016125
Technology Enablers (17/36)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 2016126
Technology Enablers (18/36)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 2016127
Technology Enablers (19/36)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 2016128
Technology Enablers (20/36)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 2016129
Technology Enablers (21/36)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 2016130
Technology Enablers (22/36)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 2016131
Technology Enablers (23/36)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 2016132
Technology Enablers (24/36)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 2016133
Technology Enablers (25/36)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 2016134
Technology Enablers (26/36)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 2016135
Technology Enablers (27/36)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 2016136
Technology Enablers (28/36)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 2016137
Technology Enablers (29/36)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 2016138
Technology Enablers (30/36)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 2016139
Technology Enablers (31/36)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 2016140
Technology Enablers (32/36)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 2016141
Technology Enablers (33/36)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 2016142
Technology Enablers (34/36)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 2016143
Technology Enablers (35/36)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 2016144
Technology Enablers (36/36)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 2016145
Consumer (1/12)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 2016146
Consumer (2/12)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 2016147
Consumer (3/12)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 2016148
Consumer (4/12)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 2016149
Consumer (5/12)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 2016150
Consumer (6/12)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 2016151
Consumer (7/12)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 2016152
Consumer (8/12)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 2016153
Consumer (9/12)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 2016154
Consumer (10/12)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 2016155
Consumer (11/12)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
Blockchain Applications, July 2016156
Consumer (12/12)
Financial Services Enterprise Solutions
Technology
Enablers
Consumer
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
Blockchain Applications, July 2016158
Team
Tarun Bansal,
Lead Analyst, Fin Tech
Aman Trivedi,
Analyst, Fin Tech

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Tracxn Blockchain Applications Startup Landscape Report - July 2016

  • 1.
  • 2. Blockchain Applications, July 2016 Tracxn World’s Largest Startup Research Platform 2
  • 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.
  • 10. Blockchain Applications, July 201610 YoY – Number of Rounds by Stage
  • 11. Blockchain Applications, July 201611 YoY – Funding by Stage
  • 12. Blockchain Applications, July 201612 Average Ticket Size – Early Stage
  • 13. Blockchain Applications, July 201613 Top investments in last one year
  • 14. Blockchain Applications, July 201614 Top investments in last one year
  • 15. Blockchain Applications, July 201615 Funnel view of Sector
  • 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
  • 18. Blockchain Applications, July 201618 Where are Top Investors investing
  • 19. Blockchain Applications, July 201619 Top Investor by Stage of Entry
  • 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
  • 25. Blockchain Applications, July 201625 Financial Services – Business Model Description
  • 26. Blockchain Applications, July 201626 Financial Services – Entrepreneur Activity and Investment Trend
  • 27. Blockchain Applications, July 201627 Financial Services – Most Funded Companies
  • 28. Blockchain Applications, July 201628 Technology Enablers – Business Model Description
  • 29. Blockchain Applications, July 201629 Technology Enablers – Entrepreneur Activity and Investment Trend
  • 30. Blockchain Applications, July 201630 Technology Enablers – Most Funded Companies
  • 31. Blockchain Applications, July 201631 Enterprise Solutions – Business Model Description
  • 32. Blockchain Applications, July 201632 Enterprise Solutions – Entrepreneur Activity and Investment Trend
  • 33. Blockchain Applications, July 201633 Enterprise Solutions – Most Funded Companies
  • 34. Blockchain Applications, July 201634 Consumer – Business Model Description
  • 35. Blockchain Applications, July 201635 Consumer – Entrepreneur Activity and Investment Trend
  • 36. Blockchain Applications, July 201636 Consumer – Most Funded Companies
  • 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
  • 39. Blockchain Applications, July 201639 Interesting Unfunded Companies
  • 40. Blockchain Applications, July 201640 Interesting Seed Companies
  • 41. Blockchain Applications, July 201641 Interesting Seed Companies
  • 42. Blockchain Applications, July 201642 Interesting Series A Companies
  • 43. Blockchain Applications, July 201643 Interesting Series A Companies
  • 44. Blockchain Applications, July 201644 Interesting Late Stage Companies
  • 45. Blockchain Applications, July 201645 Top Funded Deadpooled Companies
  • 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
  • 53. Blockchain Applications, July 201653 Financial services (4/31) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 54. Blockchain Applications, July 201654 Financial services (5/31) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 55. Blockchain Applications, July 201655 Financial services (6/31) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 56. Blockchain Applications, July 201656 Financial services (7/31) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 57. Blockchain Applications, July 201657 Financial services (8/31) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 58. Blockchain Applications, July 201658 Financial services (9/31) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 59. Blockchain Applications, July 201659 Financial services (10/31) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 60. Blockchain Applications, July 201660 Financial services (11/31) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 61. Blockchain Applications, July 201661 Financial services (12/31) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 62. Blockchain Applications, July 201662 Financial services (13/31) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 63. Blockchain Applications, July 201663 Financial services (14/31) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 64. Blockchain Applications, July 201664 Financial services (15/31) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 65. Blockchain Applications, July 201665 Financial services (16/31) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 66. Blockchain Applications, July 201666 Financial services (17/31) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 67. Blockchain Applications, July 201667 Financial services (18/31) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 68. Blockchain Applications, July 201668 Financial services (19/31) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 69. Blockchain Applications, July 201669 Financial services (20/31) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 70. Blockchain Applications, July 201670 Financial services (21/31) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 71. Blockchain Applications, July 201671 Financial services (22/31) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 72. Blockchain Applications, July 201672 Financial services (23/31) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 73. Blockchain Applications, July 201673 Financial services (24/31) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 74. Blockchain Applications, July 201674 Financial services (25/31) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 75. Blockchain Applications, July 201675 Financial services (26/31) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 76. Blockchain Applications, July 201676 Financial services (27/31) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 77. Blockchain Applications, July 201677 Financial services (28/31) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 78. Blockchain Applications, July 201678 Financial services (29/31) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 79. Blockchain Applications, July 201679 Financial services (30/31) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 80. Blockchain Applications, July 201680 Financial services (31/31) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 81. Blockchain Applications, July 201681 Enterprise Solutions (1/28) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 82. Blockchain Applications, July 201682 Enterprise Solutions (2/28) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 83. Blockchain Applications, July 201683 Enterprise Solutions (3/28) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 84. Blockchain Applications, July 201684 Enterprise Solutions (4/28) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 85. Blockchain Applications, July 201685 Enterprise Solutions (5/28) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 86. Blockchain Applications, July 201686 Enterprise Solutions (6/28) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 87. Blockchain Applications, July 201687 Enterprise Solutions (7/28) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 88. Blockchain Applications, July 201688 Enterprise Solutions (8/28) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 89. Blockchain Applications, July 201689 Enterprise Solutions (9/28) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 90. Blockchain Applications, July 201690 Enterprise Solutions (10/28) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 91. Blockchain Applications, July 201691 Enterprise Solutions (11/28) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 92. Blockchain Applications, July 201692 Enterprise Solutions (12/28) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 93. Blockchain Applications, July 201693 Enterprise Solutions (13/28) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 94. Blockchain Applications, July 201694 Enterprise Solutions (14/28) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 95. Blockchain Applications, July 201695 Enterprise Solutions (15/28) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 96. Blockchain Applications, July 201696 Enterprise Solutions (16/28) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 97. Blockchain Applications, July 201697 Enterprise Solutions (17/28) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 98. Blockchain Applications, July 201698 Enterprise Solutions (18/28) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 99. Blockchain Applications, July 201699 Enterprise Solutions (19/28) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 100. Blockchain Applications, July 2016100 Enterprise Solutions (20/28) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 101. Blockchain Applications, July 2016101 Enterprise Solutions (21/28) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 102. Blockchain Applications, July 2016102 Enterprise Solutions (22/28) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 103. Blockchain Applications, July 2016103 Enterprise Solutions (23/28) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 104. Blockchain Applications, July 2016104 Enterprise Solutions (24/28) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 105. Blockchain Applications, July 2016105 Enterprise Solutions (25/28) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 106. Blockchain Applications, July 2016106 Enterprise Solutions (26/28) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 107. Blockchain Applications, July 2016107 Enterprise Solutions (27/28) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 108. Blockchain Applications, July 2016108 Enterprise Solutions (28/28) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 109. Blockchain Applications, July 2016109 Technology Enablers (1/36) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 110. Blockchain Applications, July 2016110 Technology Enablers (2/36) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 111. Blockchain Applications, July 2016111 Technology Enablers (3/36) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 112. Blockchain Applications, July 2016112 Technology Enablers (4/36) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 113. Blockchain Applications, July 2016113 Technology Enablers (5/36) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 114. Blockchain Applications, July 2016114 Technology Enablers (6/36) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 115. Blockchain Applications, July 2016115 Technology Enablers (7/36) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 116. Blockchain Applications, July 2016116 Technology Enablers (8/36) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 117. Blockchain Applications, July 2016117 Technology Enablers (9/36) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 118. Blockchain Applications, July 2016118 Technology Enablers (10/36) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 119. Blockchain Applications, July 2016119 Technology Enablers (11/36) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 120. Blockchain Applications, July 2016120 Technology Enablers (12/36) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 121. Blockchain Applications, July 2016121 Technology Enablers (13/36) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 122. Blockchain Applications, July 2016122 Technology Enablers (14/36) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 123. Blockchain Applications, July 2016123 Technology Enablers (15/36) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 124. Blockchain Applications, July 2016124 Technology Enablers (16/36) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 125. Blockchain Applications, July 2016125 Technology Enablers (17/36) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 126. Blockchain Applications, July 2016126 Technology Enablers (18/36) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 127. Blockchain Applications, July 2016127 Technology Enablers (19/36) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 128. Blockchain Applications, July 2016128 Technology Enablers (20/36) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 129. Blockchain Applications, July 2016129 Technology Enablers (21/36) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 130. Blockchain Applications, July 2016130 Technology Enablers (22/36) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 131. Blockchain Applications, July 2016131 Technology Enablers (23/36) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 132. Blockchain Applications, July 2016132 Technology Enablers (24/36) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 133. Blockchain Applications, July 2016133 Technology Enablers (25/36) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 134. Blockchain Applications, July 2016134 Technology Enablers (26/36) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 135. Blockchain Applications, July 2016135 Technology Enablers (27/36) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 136. Blockchain Applications, July 2016136 Technology Enablers (28/36) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 137. Blockchain Applications, July 2016137 Technology Enablers (29/36) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 138. Blockchain Applications, July 2016138 Technology Enablers (30/36) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 139. Blockchain Applications, July 2016139 Technology Enablers (31/36) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 140. Blockchain Applications, July 2016140 Technology Enablers (32/36) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 141. Blockchain Applications, July 2016141 Technology Enablers (33/36) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 142. Blockchain Applications, July 2016142 Technology Enablers (34/36) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 143. Blockchain Applications, July 2016143 Technology Enablers (35/36) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 144. Blockchain Applications, July 2016144 Technology Enablers (36/36) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 145. Blockchain Applications, July 2016145 Consumer (1/12) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 146. Blockchain Applications, July 2016146 Consumer (2/12) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 147. Blockchain Applications, July 2016147 Consumer (3/12) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 148. Blockchain Applications, July 2016148 Consumer (4/12) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 149. Blockchain Applications, July 2016149 Consumer (5/12) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 150. Blockchain Applications, July 2016150 Consumer (6/12) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 151. Blockchain Applications, July 2016151 Consumer (7/12) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 152. Blockchain Applications, July 2016152 Consumer (8/12) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 153. Blockchain Applications, July 2016153 Consumer (9/12) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 154. Blockchain Applications, July 2016154 Consumer (10/12) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 155. Blockchain Applications, July 2016155 Consumer (11/12) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 156. Blockchain Applications, July 2016156 Consumer (12/12) Financial Services Enterprise Solutions Technology Enablers Consumer
  • 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
  • 158. Blockchain Applications, July 2016158 Team Tarun Bansal, Lead Analyst, Fin Tech Aman Trivedi, Analyst, Fin Tech