9 Blockchain Infrastructure Firms Leading the Way in 2023

In this article, BeInCrypto looks at 9 leading blockchain infrastructure companies and highlights the products and services they offer to enable the adoption and use of blockchain technology.

Blockchain infrastructure providers play a crucial role in the spread of mass adoption of blockchain technology and cryptocurrencies. Players in this space build the necessary infrastructure and tools that enable individuals and organizations to use and interact with blockchain platforms and cryptocurrencies. Thus, it provides real benefit and drives adoption.

1. Fire blocks

Fireblocks was founded in 2018 in New York. It is an interesting project that aims to bring the benefits of blockchain security to countless institutions. It specializes in providing cryptocurrency custody services, digital asset management, decentralized finance and treasury operations management.

2. Block daemon

Blockdaemon is a blockchain infrastructure company that offers a cloud-based platform for the distribution and management of blockchain nodes. The platform allows users to easily set up and maintain nodes for various blockchain networks, including Bitcoin and Ethereum.

Blockdaemon aims to simplify the process of operating blockchain nodes and make it more accessible to a wider audience. The company’s platform is designed to be user-friendly and offers features such as automated node updates, monitoring and alerts to help users manage their nodes efficiently. They also offer consulting and support services to help users get the most out of their blockchain nodes.

3. Chain analysis

Chainalysis is a blockchain analytics company founded in 2014. They provide compliance and investigative software to government agencies, exchanges and financial institutions. The company’s products are used to track and investigate cryptocurrency transactions and help organizations comply with regulations.

Exciting, right? Catching criminals on the blockchain is no easy task, and Chainalysis is at the forefront.

4. Blockstream

Blockstream supports the Bitcoin blockchain. The company’s mission is to enable the global Bitcoin community to build on the foundation of the Bitcoin network and to drive the development of new applications and technologies.

Blockstream also conducts research and development on a variety of topics related to Bitcoin and blockchain technology. It also works with a number of partners and customers to promote the adoption and development of these technologies.

It has released a number of products and services, including Liquid Network (a sidechain for Bitcoin), Blockstream Satellite (a network of satellites broadcasting the Bitcoin blockchain), and Blockstream Green wallet (a cryptocurrency wallet for mobile and desktop devices).

Founded in 2014. It is headquartered in Montreal, Quebec and has offices in London, Hong Kong and San Francisco.

It has released a number of products and services, including Liquid Network (a sidechain for Bitcoin), Blockstream Satellite, and Blockstream Green wallet (a cryptocurrency wallet for mobile and desktop devices).

5. Axons

A New York-based fintech company, Axoni streamlines post-trade processes in the capital markets industry.

Their services include blockchain-based data synchronization, reconciliation and smart contract platforms. Axoni also focuses on consulting and implementation options to help customers design and deploy blockchain-based solutions. Axoni also works with a number of partners and customers across a range of industries to promote the adoption and development of blockchain technology.

Established in 2013, they have raised over $100 million in funding from investors such as JPMorgan and Goldman Sachs.

6. Everledger

Everledger is a London-based company that creates digital records of ownership and provenance of physical assets on the blockchain. The company’s platform is used by a number of industries. These include precious gems, wine and art, to authenticate and track the movement of assets. Everledger has raised over $20 million in funding from investors such as Santander InnoVentures and Accenture Ventures.

7. Provenance

Provenance is a UK-based outfit that uses blockchain technology to create a transparent record of the history and provenance (origin) of its products. The company’s platform is used by retailers and manufacturers to track the movement of goods through the supply chain and to provide customers with information about the origin and sustainability of the products they buy.

8. Eternity

Aeternity is a blockchain startup based in Liechtenstein focused on building decentralized applications (DApps) for a variety of applications, including supply chain management, voting systems and peer-to-peer marketplaces.

The company’s platform uses a unique consensus mechanism called “proof-of-knowledge” that is designed to be more efficient and secure than other blockchain protocols. Aeternity has raised over $70 million in funding from investors such as Fenbushi Capital and Polychain Capital.

9. Elliptical

Founded in the UK in 2013, Elliptic provides solutions for banks, cryptocurrency exchanges and other financial institutions. The company offers various products and tailored services designed to help clients reduce risk, comply with regulations and prevent financial crime.

These include blockchain analytics tools that allow clients to track and monitor cryptocurrency transactions, as well as consulting and implementation services to help clients design and deploy blockchain-based solutions.

Picks and shovels

A pick-and-shovel approach to investing refers to the strategy of investing in companies that provide the necessary tools and resources for a particular industry. Rather than investing directly in the industry itself.

With blockchain infrastructure companies, this approach can be particularly effective because the blockchain industry is still nascent and subject to significant uncertainty and volatility.

By investing in companies that provide the necessary infrastructure and tools for the industry, rather than investing directly in blockchain-based applications or cryptocurrencies, investors can potentially benefit from the growth of the industry without taking on as much risk.

Blockchain infrastructure companies tend to be more stable and have a more diverse revenue stream than single product companies. Investors looking to diversify and reduce risk may find them more attractive. Overall, investing in blockchain infrastructure companies can be a smart move because it minimizes risk and maximizes stability.

Cryptocurrencies come and go, but the underlying technology (blockchain) is here to stay.