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Blockchain technology is developing at a rapid pace. Trying to keep up, understand and explain the inner workings of the ecosystem can be difficult. To address the evolution of this nascent technology, PitchBook has updated a blockchain market map consisting of ā135 blockchain startups that have received the greatest amount of funding from angel investors and VC funds, per the PitchBook platform.ā
Thereās been an increase of blockchain techologies and use cases in enterprise solutions, compliance, identity systems and tokenization of assets. Below are brief descriptions of leading market segments, sub-categories and a few startups that are impacting blockchain and crypto according to PitchBook:
Transactions & PaymentĀ Services
This category contains startups whose primary use cases involve buying, selling or storing cryptocurrencies.
- WalletsAbra/Blockchain
- Merchant TransactionsBitPay/Coinify
- Smart ContractsEthereum/Tezos
- International Payments & RemitancesRipple/BitPesa
- CryptocurrenciesChia/Basis
Exchanges &Ā Trading
Crypto-exchanges are platforms for exchanging cryptocurrencies into other cryptocurrencies, fiat currencies or viceĀ versa.
- Prediction MarketsAugur
- Clearing & SettlementLedgerX/Paxos
- MarketplacesDomRaider/Rare Bits
- P2P LendingBitbond
- Crowdfunding Platforms & TokenizationCoinList/Harbor
- Crypto-ExchangeCircle/Coinbase/ShapeShift
- Crypto-InvestmentPolychain Capital/Pantera Capital
Identity, Authentication &Ā Security
An inherent characteristic of a blockchain is the immutability of transaction records. Startups here use digital ledger software to verify the authenticity of data, as well as assets or documents, and use blockchain identifiers to represent and/or authenticate tangibleĀ assets.
- Data & Document AutentificationEverledger/Trusted Key
- SecurityPost-Quantum/SafeChain
- Digital IdentityShoCard/SolidX
Enterprise blockchain solutions
Startups in this category provide enterprise-level blockchain solutions to entities operating in sectors such as financial services, healthcare, insurance, compliance, supply chain and advertising.
- Financial ServicesAxoni/Chain
- Supply ChainFilament/Paystand
- Healthcare & InsuranceGem
- ComplianceChainalysis/Factom/Cambridge Blockchain
Social, networks &Ā games
In this category, startups leverage decentralized networks to enable social and networking platforms used for recruiting, classifieds, dating and loyalty programs, among other useĀ cases.
- GamesCryptoKitties
- Social & NetworksSweatcoin/Matchpool/Synereo
Ecosystem
This category includes startups furthering blockchain technology via underlying infrastructure improvements and software development tools.
- MiningBitFury/Bitmain
- Hardware & Data StorageLedger
- Infrastructure & Application DevelopmentBigchainDB/Blockstack/Blockstream
For more information, view the blockchain market map with detailed descriptions of the market segments, sub-categories of those uses and the entire list of startups on PitchBook.
Blockchain Ecosystem Explained In One Chart was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.