A ‘blockchain’ is a decentralized collection of records, also known as a ledger. Any party that makes a transaction on this ledger has access to it and can make changes. As a result, multiple copies of the data are available to multiple users, which improves transaction integrity. The meteoric rise of Bitcoin and other cryptocurrencies has resulted in a corresponding surge in interest in blockchain technology. MarketsandMarkets forecasts that the global blockchain market will grow at a compound annual growth rate of 67.3 percent from 2020 to 2025. According to the report, this market will be worth $3 billion by the end of 2020.
Here is Insider Monkey’s list of the 15 Most Valuable Blockchain Companies In The World. Blockstream is a Canadian company that also provides solutions for digital asset storage and transfer. Blockstream, like other small blockchain companies, keeps its financial information private. However, data aggregator Growjo estimates the company’s annual revenue to be $7.6 million. It has partnered with organizations such as the World Bank, Ernst & Young, and Nestle. Intellectsoft earns $11.43 million per year, according to Dun & Bradstreet’s annual revenue modeling. Daqode was one of the first companies to apply the benefits of blockchain to every aspect of how a business and its employees interact. Daqode earns $19 million per year from its core business, according to data aggregator Growjo. Steem was founded in 2016, with the Genesis Block as its first service. Steem is estimated to generate $24 million in revenue annually by data aggregation platform Growjo. Additionally, it provides a variety of services and support programs for developers, entrepreneurs, and social users. ConsenSys was founded in 2014 and offers cryptocurrency wallets as well as blockchain-based solutions. In an April pitch, the company implied that it planned to double its revenue to $60 million by the end of the year. This implies that ConsenSys earned $30 million in 2020, a small sum in comparison to other companies. Hive, a cryptocurrency miner, claims to mine Bitcoin and Ether using only renewable energy. The company intends to deploy 133,120 miners with a hash rate of 13.3EH/s. According to Hive’s most recent financial statements, the company earned $33 billion in revenue from April to December 2020. For more details, click 15 Most Valuable Blockchain Companies In The World.
