Top 10 Blockchain Technology Companies in Europe - 2019

Blockchain technology has been making headlines for more than a decade now. It has changed the course of handling monetary transactions with a seal of utmost security. Although initially, it gained momentum as a technological foundation for bitcoin, blockchain is now solving a plethora of problems that revolve around data security and sharing, supply chain monitoring, and product tracking. The technology is being widely noted for its benefits in eliminating centralised authority, immutable records of data, reduced transaction costs, and offering a transparent system to the involved entities. The most impressive results have seen blockchain’s application for storing information, cutting out intermediaries, and enabling greater coordination between companies. Today, we have only scraped the surface of what blockchain can offer. As the demand for more visibility and transparency increases, so will blockchain’s application. Revelling over the several merits it offers, today, enterprises across all industries are adopting blockchain into their mainstream operational workflow.

In addition, the convergence of blockchain with other cutting-edge technologies is igniting various use cases in the ever-changing business world. For example, the integration of blockchain with the internet of things (IoT) networks is enabling reduced costs and faster transaction speeds. While providing a secure and scalable framework for communication between IoT devices, blockchain will allow smart devices to make automated micro-transactions. The technology’s distributed nature will enable safer, faster, and cheaper transactions. Alongside, government authorities will also be able to effectively administer and manage the large quantities of data, thereby improving the functioning of their agencies. Moreover, combining blockchain with artificial intelligence (AI) is facilitating a decentralised AI system for sensitive data such as financial or medical data. Robot process automation (RPA) and blockchain together are also offering secured automation that helps industries achieve faster growth and increased customer satisfaction. Alongside, the point-to-point encryption nature of blockchain helps in keeping data secure across a cloud computing network as well. With the blockchain technology, users can easily create and monetise content in the virtual space. Content can be anything, such as 3D smart objects, music, and virtual office space or land.

This ground-breaking technology is witnessing a steady and solid evolution over the past few years and with the new regulations and compliances, it is further undergoing the process of refinement. According to researches and market forecast, the blockchain market size is expected to reach 23.3 billion USD by 2023, at a compound annual growth rate (CAGR) of 80.2 percent during 2018-2023. This impressive growth rate says it all about the significance of blockchain to the entrepreneurs. Moreover, given the level of innovation the technology brings into a business, companies are investing commensurately to opt for the perfect blockchain solution provider to reap the maximum benefit.

In order to help businesses embrace blockchain and integrate it with other emerging technologies and their existing ecosystem, a distinguished panel comprising CIOs, CEOs, CTOs, and CIOReview’s editorial board has reviewed several blockchain technology vendors and selected the ones that are prominent in the field. The companies listed here showcase extensive business knowledge and exhibit competence in delivering innovative solutions that meet the needs of the customers.

We present to you CIOReview’s “10 Most Promising Blockchain Solution Providers in Europe – 2019.”

Top Blockchain technology Companies in Europe

Designed to deliver concrete results by unifying payments and regulated data, BILLON's DLT system enables companies to unleash the full potential of Blockchain Technology in real-world scenarios. This high-performance system is aimed at unifying all financial transactions, documents on-chain, and identity management into one comprehensive platform. DLT is an end-to-end digital regulatory compliant business information exchange technology that is built on immutable Blockchain data. This technology is specifically developed in order to significantly lower the maintenance cost of banking accounts while streamlining both payments and the reconciliation of associated data and identity flows. BILLON’s DLT based Accounts and Payments solutions ensure high-volume micropayments for its clients, thereby enhancing profitability for transactions as less as under $1

KompiTech is well-positioned to offer innovative IT solutions and consultancy support to meet clients’ IT management needs across the globe. The company has developed blockchain IT service management (ITSM) solution—KompiTech BLiTS, which is not only well-recognised but highly affordable globally for organisations of any size. Also, KompiTech has developed its own KompiTech Blockchain Platform, which is an infrastructure for companies to build and deploy their blockchain applications. The company helps businesses in attaining their blockchain goals by rendering them professional consultancy and training services, and KompiTech Blockchain Platform is the core of the company’s blockchain consultancy services

Located in Prague, the heart of the European crypto movement, Platon Finance actively focuses on empowering traditional traders and investors with the knowledge to capitalise on blockchain and making the future of digital currency tangible. With a mindset inclined toward driving innovation through simplicity, Platon Finance offers an interactive, membership-based platform—the Platon Club—to educate the population on the benefits of adopting cryptocurrencies. The platform serves as a community lifestyle application where the users can create groups, chat, share information, transfer crypto coins, and even initiate crypto loans

Sagittae introduces a new model of risk protection based on blockchain technology. It is a decentralized and revolutionizing alternative to traditional insurance, completely eliminating the need for expensive and bureaucratic insurance conglomerates and costly middleman (broker) structures. Sagittae is founded and led by Robert Volkert and Ton Wennekendonk. With their many years of experience in the international insurance industry at senior management positions, they have built a team that is ready and capable to take this next step in the evolution of the insurance industry

Calastone

Calastone

Calastone is the largest global funds transaction network, connecting many of the world’s leading financial organizations. The enterprise’s mission is to make funds accessible to everyone by reducing the frictional cost of trading. Calastone makes use of smart technology solutions and industry collaboration to lower operational risk and enhance client profitability through digitization and automation. The business specializes in order routing, trade notification, settlements, reporting, transfers, connectivity and infrastructure, data services, FinTech, fund distribution, automation, mutual funds, net settlement, fund transaction, global transaction network, managed funds, and blockchain

Coinify ApS

Coinify ApS

Coinify is an established global virtual currency player offering individual currency trading, white-label partner solutions, payment processing services, and more. The company was incorporated in 2014 and is backed by Nordic Eye Venture Capital, SEED Capital Denmark, SEB Venture Capital, and Accelerace. The Coinify.com platform offers various currency trading and payment processing services: individuals can buy and sell virtual currencies; wallets can utilize their white-label solution to offer in-wallet trading; and the enterprise has a payment suite with virtual currency payment products for online merchants, payment service providers, retail stores and more. The Coinify team has a strong background in payments, finance, risk, e-commerce, and compliance, along with experience working with digital currencies since 2010

compacer GmbH

compacer GmbH

Compacer provides solutions in EDI, e-Invoicing, Retrofit, and Predictive Maintenance. The enterprise uses the groundbreaking database technology blockchain to offer solutions for international corporations and medium-sized companies. Behind Compacer lies a dynamic and motivated team whose core competence has been in the field of integration and automation of business-critical processes for more than 20 years. Compacer’s comprehensive solutions for the format-independent data exchange between IT systems, machines, and devices ensure fast, reliable business processes. The company’s mission is not only to keep up with the times but to stay one step ahead with their solutions

ConsenSys

ConsenSys

ConsenSys is a global blockchain technology company building the infrastructure, applications, and practices that enable a decentralized world. The enterprise’s specialties lie in cryptocurrency, blockchain, Web 3.0, Ethereum, FinTech, Decentralized Applications (dApps), and solidity. The enterprise’s mission is to enable the company’s progress by building platforms, applications, and tools for Web 3.0 while offering services to ensure they are useful to their customers. The enterprise is in its early phases of adoption of an entirely new wave of technology that will fundamentally disrupt every industry

SophiaTX

SophiaTX

As a blockchain platform, SophiaTX integrates leading business applications covering major ERP, CRM & SCM systems into a single collaborative environment. SophiaTX is a project led by Equidato Technologies AG, a Swiss-based joint-stock company, which has been formed for the venture by veterans of SAP integration experience. The joint venture’s ambition is making SophiaTX an open-source platform to integrate blockchain technology with SAP primarily. Designed as an evolutionary blockchain platform and marketplace, the tool integrates leading enterprise applications and solutions, covering major ERP, CRM, and SCM systems, into a collaborative environment across multiple industries

ubirch

ubirch

UBIRCH is a developer of a blockchain technology designed to capture information from the IoT sensor. With the Blockchain for Things, they are offering a stack to make IoT Things (actors, sensors) part of a blockchain. This is done by adding a light client that can run on very small sensors and on batteries for years but is able to handle all cryptography that is needed to create blockchain-style measurements that are signed and chained. On the cloud backend, incoming data is verified against the public key of the sensor and then forwarded to the client IT. The UBIRCH infrastructure uses strong cryptography to address the rise of IoT connected device issues. The company has implemented a complete cryptographic public/ private key pipeline that starts with the smallest sensor and ends in the blockchain. Thus, the UBIRCH platform is designed to ensure that the IoT data is trustworthy and secure