Article published on April 5th, 2017, by :
Despite qualms over Brexit, the UK still remains the financial hub of Europe and a popular choice of jurisdiction for blockchain-based companies. When it comes to regulating businesses that work on a distributed ledger platform, the UK is ahead of many different jurisdictions, as transferring or legal processing of a bitcoin is not regulated by a PSP. The regulation under a single ledger which tracks the recording means that several countries do not have a legal infrastructure in place to accept the growth of blockchain companies. Bobsguide is bringing 10 UK blockchain start-ups to watch in 2017 :
Electron (Founded in 2015)
Electron is a UK-based start-up that works to prove how blockchain technology can be applied in various different markets and industries. The company aims to help UK households cut their energy usage by using blockchain technology.
Credits (Founded in 2014)
Credits is a UK-based start up that focuses on creating blockchain for identity. The company is based on a cryptographically secure distributed ledger platform which ensures financial services to automate and speed up the process of assets whilst also checking data and reducing risk.
BlockVerify (Founded in 2015)
BlockVerify believes in the power of blockchain technology to improve anti-counterfeit measures in several different industries which have significant social impact. The company works across a variety of markets including pharmaceuticals, luxury items and electronics, and works to ensure that products in each of the industries are successfully tracked in the manufacturing process.
Coinsilium Group (Founded: 2014)
Coinsilium is a London-based blockchain and investment company that focuses on the implementation of blockchain products and services. The company works to manage the development of early stage blockchain technology companies as well as accelerate finances for each product and business.
SETL (Founded: 2015)
SETL is deploying a multi-asset and multi-currency payments and settlements infrastructure based on blockchain technology. The company works to enable market participants to move cash and assets directly between each other, and allow direct and immediate market transactions.
Queueco (Founded in 2014)
Queueco Limited operates an automated trading platform that allows international trade to occur on currency exchanges. The main feature of the blockchain start-up focuses on trading with digital currencies.
Bitstamp (Founded in 2011)
Bitstamp is an online bitcoin marketplace that allows individuals from all over the world to safely buy and sell bitcoins. The start-up first emerged in the market in 2011, and have head offices based in London, as well as Luxembourg and California.
BSAVE (Founded in 2015)
BSAVE is a unique service that allows users to profit from a dormant bitcoin. The UK based start-up allows individuals to create an account, transfer bitcoins into the account and then earn interest as you would with a normal UK savings account. Users with accounts are guaranteed full liquidity, and can withdraw their funds at any time without any penalties.
Circle (Founded: 2013)
While Circle is a relatively well known company in the UK, the business has ventured out globally to provide easy digital payments using digital platforms. Circle use open internet standards including blockchain technology, which allows users to use their platform for free, to send and receive payments internationally. The company aims to create even faster and more secure payments around the world the same way that users share music and texts on their digital platforms.
Cashaa (Founded in 2016)
Cashaa is a UK based peer-to-peer marketplace that is powered by blockchain technology. The company ensures users are faced with no transfer fees when sending money to individuals which are all embedded with cryptocurrency algorithms. Cashaa works to match cash transfer requests submitted by anyone in the world on live deals by matching the deals with cryptocurrency traders around the world.
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