20 Most Promising Blockchain Solution Providers - 2018

The global blockchain market is expected to grow from USD 411.5 million in 2017 to USD 7,683.7 million by 2022 at a CAGR of 79.6 percent during the forecast period. Blockchain empowers enterprises to do things faster with greater trust, reduced frictions and inefficiencies, and notably minimized operating costs and complexities in crossenterprise business processes. Blockchain keeps a record of all data exchanges — this record is referred to as a ‘ledger’ in the cryptocurrency world and each data exchange is a ‘transaction’. Every verified transaction is added to the ledger as a ‘block’. It utilizes a distributed system to verify each transaction — a peer-to-peer network of nodes. Once signed and verified, the new transaction is added to the blockchain and cannot be altered. For the casual observer 10 years back, bitcoin was an abstract idea, something that someday may replace part of the current financial ecosystem. But for many enthusiasts, it has created much more: an avenue for asset speculation, the mechanism by which to read, write and talk about the mysterious and often misunderstood digital currency technology, and much more. Since the announcement of bitcoin in 2009, we’ve seen a veritable explosion of interest in the blockchain space. Many terms and news have been flung from relative obscurity to the forefront of innumerable blogs and market researches. Currently, there are over 1,000 other cryptocurrencies which have been created, with Bitcoin, Ether, Litecoin, Ripple, and Dash being some of the most famous. To be honest, though blockchain holds great promise, today's blockchain technology offerings are nascent and immature. It is crucial to experiment and explore. Often the technology is offered as a solution in search of a problem. To ensure a successful blockchain project, focus is required on the business problem, and not the technology solution. We at CIOReview have always shortlisted our participants based on their problem solving skills. This time again, we have brought to you a list of 20 Most Promising Blockchain Solution Providers 2018. A distinguished panel comprising of CEOs, CIOs, VCs, analysts, and the CIOReview editorial board has selected the top vendors. We certainly hope that these vendors have the capabilities to fulfill the need for cost-effective, technologically advanced and flexible solutions that would cater to the pressing needs of today’s businesses.

We present to you CIOTechOutlook 20 Most Promising Blockchain Solution Providers - 2018.