With the emergence of Bitcoin 10 years ago, cryptocurrency quickly became one of the most popular and highly contested tech topics. While the concept of digital currency can be traced back to the late 1990s, no one had made a successful attempt before Satoshi Nakamoto mined the first block of the Bitcoin network and consequently ushered in the rise of blockchain technology. Soon after the birth of Bitcoin, competitors started storming the markets, and the race for crypto domination began.
For those unfamiliar with blockchain technology, it is an open ledger with the ability to record transactions in a transparent and fixed way. Due to its decentralized nature, blockchain eliminates the need for intermediaries during transactions. The technology is undoubtedly growing, and for many companies in the San Francisco Bay Area, its ability to disrupt industries opens up many opportunistic doors.
From making mobile apps to redefining rewards programs, blockchain is being used to alter people’s lives in many ways. Below are some of the top blockchain companies in San Francisco to know.
Notable Blockchain Companies in San Francisco
- Ripple
- Chronicled
- Constellation Network
- Hyperstandard
- LeewayHertz
- Loyyal
- Zensoft
Top Blockchain Companies in San Francisco
Founded by BitTorrent pioneer Bram Cohen, Chia Network is a decentralized, open-source global blockchain that relies upon proofs of space and time instead of traditional proofs of work. While similar to the Bitcoin blockchain, Chia Network holds a main resource that is not computing power, but disk space. The blockchain is designed to provide an eco-friendly alternative to Bitcoin.
Chronicled leverages blockchain and IoT to power smart, secure supply chain solutions. Working primarily with clients associated with pharmaceuticals, the company employs a decentralized protocol and network to enforce cross-organizational business rules without revealing private data. Chronicled’s product and platform offerings include secure identity provisioning, secure and confidential chain of custody, zero-knowledge proofs and compliance tracking.
Futureswap is developing an Ethereum-based protocol to enhance trading options for crypto investors. The platform comes with derivatives-like features, allowing investors to purchase options, futures and perpetual contracts to hedge against price fluctuations.
With several offices across the globe, Ripple uses blockchain technology and digital assets to enable financial institutions to send money across borders instantly and reliably. The company allows financial institutions to process their customers’ payments anywhere in the world instantly, reliably and cost-effectively, while banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. Ripple also has a developer platform called Xpring, which offers tools, services and programs to integrate money into apps.
Loyyal is a universal loyalty and rewards program built with blockchain and smart contract technology. The program is designed to reinvent how customer incentives are created, rewarded and managed, bringing a host of benefits to a highly fragmented industry. With Loyyal’s Blockchain-as-a-Service, or BaaS, clients can take advantage of a variety of services, including unlimited API access to the Loyyal platform, a personalized node dashboard and entry to Loyyal’s network of earning and redemption partners.
KriyaTec Systems provides cost-effective solutions to clients in the IT industry, with a focus on blockchain development. When working with clients on blockchain services, the company discovers the true value of companies’ blockchain trail data and optimizes blockchain ROI by streamlining other related processes. The company’s other offerings include crypto wallet development, Hyperledger-based solutions and smart contract development.
Cash App is a popular peer-to-peer payment app that supports crypto investing. Its integrated investing platform allows users to purchase Bitcoin through multiple methods, including recurring contributions and purchase round-ups. Additionally, Bitcoin holders can use their investments to pay their peers.
Solana Labs leverages blockchain and Web3 technologies to create custom products and tools. Since launching in 2018, the company has developed solutions to deploy storage wallets and payment gateways for other platforms, including Shopify. Solana Labs has also developed enterprise-grade tools that enable companies to mint NFTs in their work.
Founded in 2013, BitGo provides crypto platforms, liquidity and security to institutional investors. Because of its specialized services, the company appeals to banks and investment firms, as it can help them safely initiate their crypto operations. BitGo has also launched other institutional offerings, including portfolio management and tax platforms.
HashCash Consultants uses blockchain technology to enable enterprises to move assets and settle payments across borders in real time. The company provides cryptocurrency exchange and payment processor white label solutions, comprehensive ICO services and customized use case design and development. Within its blockchain services, HashCash offers smart contract services for a wide range of purposes, including financial transactions, legal agreements, real estate, transport and logistics, crowdfunding, government and healthcare. The company also runs the U.S.-based cryptocurrency exchange PayBito and the leading cryptocurrency payment processor BillBitcoins.
LeewayHertz builds software products for clients and specializes in blockchain, AI, Internet of Things, cloud and mobile development. During the blockchain consulting process, the company identifies the best blockchain platform for a business, creates a framework and prototype to identify use cases and helps build the product. LeewayHertz employs a variety of blockchain tools and technologies, including Hyperledger Fabric, BlockExplorer, Caliper, Multichain and Exonum.
Primafelicitas is a product development company that specializes in blockchain platform development, custom software development, ICO platform development and more. The company is dedicated to helping startups and SMBs at the idea stage build software products and prototypes across web and mobile technologies. Primafelicitas creates websites with fully responsive layouts and engaging content, while helping clients manage their shops on Amazon, eBay, Shopify, Magento and other marketplaces.
Seasia Infotech is headquartered in Silicon Valley and provides custom advanced tech solutions to clients. Among its specialties is developing bespoke blockchain chain applications that enhance security and visibility. Seasia has worked with clients across more than three dozen countries.
Valora is a blockchain startup based in San Francisco that is attracting investor interest. The company developed a mobile-first crypto wallet that protects users and investors without requiring a dedicated ledger. Valora’s technology also enables individuals to send and swap cryptocurrencies.
IBM is known as a software and hardware provider; however, the company has also worked on several blockchain projects over the years. For example, it offers expert support for Hyperledger Fabric, an open-source framework that enables businesses to use public blockchains. Additionally, IBM has incorporated blockchain technology in several logistics solutions and has helped companies unlock supply chain efficiencies.
Zensoft is a custom software development company that specializes in blockchain. In terms of blockchain consulting, the company focuses on architecture and design, consensus and chain choice, implementation assessment and tech stack design. Zensoft’s blockchain development services include decentralized solutions for enterprise, forking off and customizing existing chains, smart contract implementation and foundational blockchain implementation.
Working with clients on a global scale, Applicature is a blockchain development agency that specializes in the development of smart contracts, research and the deployment and customization of blockchain solutions. The agency’s blockchain consulting services encompass conceptual design, business plan development, blockchain architecture design, proof of concept and white paper creation. Applicature’s blockchain development services include blockchain integration into existing systems, smart contract development and decentralized applications development.
Kraken is a global crypto trading platform that prioritizes security. The platform enables individuals to buy and sell over 200 digital currencies, including Bitcoin, Solana and Cardano, and it’s one of the few to offer margin trading for cryptocurrencies. To deliver advanced security capabilities, Kraken uses a team of external auditors alongside security testing and cold and hot wallet solutions.
Constellation Network is a consumer and enterprise grade blockchain technology that enables smart devices and machines to seamlessly interact and transact. The company’s network aggregates the resources and bandwidth of internet-connected devices, securing transactions and ensuring high throughput through a dynamically partitioned directed acyclic graph, or DAG, architecture. The world’s only blockchain technology designed for big data, Constellation is designed to provide infrastructure for an open, decentralized data marketplace and an enterprise-grade software solution for data provenance and integrity.
