UNDERSTANDING BLOCKCHAIN ORGANIZATIONS.
The blockchain industry is booming. The blockchain market is expected to reach $67.4 billion by 2026. This is due in part to increased investment in the technology, extensive use of blockchain solutions in banking and cybersecurity, as well as high adoption of blockchain solutions for payment, smart contracts, and digital identities. In most cases, blockchain companies are more regarded as organizations because of their wide range of versatile services in the blockchain world. Although, they have their outstanding service rendered. One could be curious about how these organizations function in blockchain but you would be baffled by how amazing they are especially in making life easy for its users.
Some popular blockchain organizations
These are most of the organizations we are more familiar with in the blockchain industry. There are a lot of organizations in this industry and many upcoming but we are only going to consider a few of them. Their services are more centered on decentralization. These organizations or companies and their services include:
1. Coinbase: Coinbase is a digital portfolio that lets users buy and sell cryptocurrency. The company’s technology makes buying and managing cryptos easy with features like recurring buys and vault protection. Since 2012, Coinbase has seen over $300 billion exchanged by more than 98 million people.
2. Coinme: Coinme has set out to break down barriers by teaming with Coinstar to form a nationwide network of Bitcoin kiosks that accept cash investments and allow users to store investments via the Coinme app — making it easier for people to improve their financial standing and begin investing in Bitcoin and other cryptocurrencies.
3. Blockdaemon: Blockdaemon is an independent blockchain infrastructure platform that allows users to make transactions, stake, and earn cryptocurrency via nodes and within one interface. The company’s platform is used by blockchain networks like ETH 2.0, Bitcoin, Solana, and Terra. In 2021, the company secured $155 million in funding.
4. BlockFi: Founded in 2017, BlockFi is a fintech company using cryptocurrencies and blockchain payment rails to create a crypto management platform. BlockFi provides crypto-backed loans, interest-bearing accounts to store crypto assets, and the world’s first crypto rewards credit card. The company’s platform also serves as a crypto wallet and trading account.
5. Mojito: Mojito helps companies expand into the realm of NFTs, serving as a platform where businesses can craft NFT marketplaces for customers to use cryptocurrency as payment for merchandise and events. Mojito also makes it easier for companies to establish their presence within the NFT market by guiding them on all their go-to-market needs.
6. TaxBit: TaxBit was designed by CPAs and software developers in 2018. The platform aims at unifying digital assets and cryptocurrency with taxes and accounting to ensure compliance. TaxBit operates across industries and services, individuals, enterprises, and governments. The company’s platform can easily integrate with any native platform, allowing for instant automation and optimization.
7. RECUR: RECUR streamlines NFT transactions for both buyers and sellers. The company also designs and develops brand experiences for fans to buy, collect, and re-sell NFTs inspired by film, TV, sports, and pop culture. Its mission is to keep dedicated collectors at the forefront of the NFT market.
8. Chainalysis: Chainalysis works to improve trust across the blockchain ecosystem by providing banks, government agencies, and others with services, software, and data crucial to blockchain acceptance. The company’s investigation and compliance software help institutions identify and disallow hacked and stolen funds and has been instrumental in solving many of the world’s high-profile cybercriminal cases, making blockchain access safer and more accessible.
9. Paxful: Paxful operates a peer-to-peer cryptocurrency marketplace that allows users to buy and sell various forms of cryptocurrency through more than 350 payment methods. Features capabilities like bank transfers, online wallets, cash payments, debit and credit card access, digital currency trading as well as trading for Amazon wishlist items, cars, and appliances. Paxful also makes it more convenient for users across the globe to invest in Bitcoin and other forms of crypto.
10. Axoni: Founded in 2013 by a team of distributed systems and capital markets experts, Axoni specializes in multi-party workflows and infrastructure. Axoni offers ledger technology deployments, bespoke smart contract development as well as analytics and automation tools. The company uses blockchain by implementing standardized data formats to represent trades and reference information as well as employing and contributing to open frameworks wherever possible.
11. SALT: SALT’s platform allows users to leverage their cryptocurrency for cash loans. Borrowers can lock into cash loans, from 1 to 36 months, by leveraging cryptos like Bitcoin, Ether, and Dogecoin. The company’s platform is available in the majority of US states and multiple countries, and loans start at $5,000.
12. Republic: Republic is a blockchain-powered investment platform that allows users to easily and securely invest in startups, real estate, crypto, and video games. Republic users have access to a vetted pool of investment options — the company is selective about the startups it lists for investments, with only 3 percent of applications being accepted.
