The blockchain is the rapidly growing list of the records namely blocks which are further linked and are secured using cryptography. In this, each block is consist of the cryptographic hash of the previous block. The blockchain is an openly distributed ledger and is typically managed under a peer-to-peer network. They are secured by the design and are a very good example of the distributed computing system along with the High Byzantine fault tolerance.
The very first block chain was conceptualized in the year 2008 by Santoshi Nakamoto and was implemented in the year 2009 as the core component of the Bitcoin. It serves as a public ledger for all transactions. The invention of the Bitcoin brings a big revolution for bitcoin as it made it the very first digital currency to solve the Problem with double spending without any need of the trusted authority or the central server. The design by the Bitcoin is an inspiration for the other applications. The blockchain is in vogue all over the world and today everyone is talking about Bitcoin and Blockchain. With all these, they are many startups from the different part of the world and There is a big race of different companies and startups. In this race, India is also running up at full pace which has a large number of techies and the IT people. According to the latest reports SBI partnered with Intel and BankChain for the development of the blockchain solutions. So this is when Government is taking such keen interest in the blockchain than how could private sector can be left behind. There are many Blockchain Startups from India that has been started and is growing very fastly and Few of them are
Top 5 Blockchain Startups From India.
This Indian Blockchain solution was founded by the Ish Goel in the year 2006. The offices of SOMISH are based in New Delhi. It is a technology and a product development company with the expertise in Building the automation systems by using the cutting edge technologies. For 10 years, they continuously care for their customers. SOMISH is currently developing and supporting blockchain solutions in India and around the world. SOMISH also won the Blockchain Week 2017 in London.
A Bangalore-based company wants to combine AI with a blockchain to create secure, compatible and easy-to-use products. Signzy was founded in 2015 by the three people Ankit Ratan, Arpit Ratan, and Ankur Pandey. They basically enable improved user experience along with the multi-device support and Enhanced security with compliance. They have three major products named RealKYC, Algorithmic Risk Intelligence and digital Contracts.
Well, they don’t need any big introduction as they are early movers of the Bitcoin and the Blockchain technology in India.n A Delhi based company founded in the year 2014 by Mohit Kalra and Benson Samuel those who provide the easiest way to use the Bitcoin exchange, a blockchain explorer, merchant services and a hosted wallet.
Based on one of the famous IT city Gurugram this company was started in the Year 2016 by Ayush Varshney, Sahil Bhagla, and Nikunj Jain. Darwin Labs – experts in creating applications for the blockchain, virtual reality, artificial intelligence, and other technologies. They also run a startup incubator for Southeast Asia called Satoshi Studio.
It is the well-funded Bitcoin wallet that is based out of India. Its headquarters are based in Bangalore and was founded in the year 2013. The company was started by the Sathvik Vishwanath and Sunny Ray. Unocoin provides the exchange liquidly instead of that of the traditional peer-to-peer exchange. Users can easily Buy, sell and store Bitcoin with Unocoin. So these are the few names of the BlockChain Startups in India those are growing continuously in the field of BlockChain.