Blockchain technology is hot news within countries across the globe, largely due to the incredible functions of the technology that are revolutionising life as we know it. Global economies, systems used across various sectors and not just the digital asset industry, along with our societies and systems we use daily, are now highly influenced by the technology being adopted, integrated and applied to real-life situations.
Technology is becoming more advanced, largely due to researchers, developers and innovators who take time to research, develop and test out different concepts to turn them into functional innovations. Various countries are leading in this aspect because they invest in technology and build creative and technological hubs that encourage functional, scalable and sustainable innovations. The United Kingdom is one of those countries with a government that largely supports and invests in innovation and creativity.
For instance, London boasts the second-best blockchain hub and ecosystem in the entire globe.
With 25% of its population now holding cryptocurrency, over 249 high-growth companies developing blockchain-driven software and blockchain services, and more than 1,000 industry specialists, London is one of the top crypto hubs in the world and has the second-highest concentration of crypto businesses worldwide.
The amount of money invested in blockchain technology has also grown. Blockchain businesses with London offices received a total of £280 million in investments in 2018. The ecosystem for cryptocurrencies in London garnered $707 million in venture capital funding in 2021, $292 million was invested in the first quarter of 2022, and another $292 million was spent in the first two quarters of 2022.
As researched in this Bitai Method Review, below is a list of the dominating Blockchain companies in the UK.
Top 5 Blockchain companies and developers in The UK
- Blockchain.com
Key features:
- Total funds raised – GBP 356m
- Number of equity deals – 4
- Number of employees – 250+
Blockchain.com is a cryptocurrency startup that offers a platform for holding, using, monitoring, and investigating bitcoin transactions. Additionally, it creates infrastructure for cryptocurrencies and standards for financial services. Market analytics and statistics are provided via the company’s platform.
The business is a pioneer in the field of cryptocurrencies worldwide and made significant contributions to the infrastructure of the Bitcoin community in its early phases. This was accomplished through an API that allowed businesses to build on Bitcoin and a Blockchain Explorer that allowed anyone to inspect transactions and study the blockchain. Also, we have made available the most well-liked and widely-used cryptocurrency wallet, allowing anyone, wherever, to manage their own money.
In their opinion, the internet’s financial system—the online marketplace—will overtake all other financial systems as the largest in the world within ten years. Furthermore, crypto will fuel it.
- Outlier Ventures
Global brands and industry giants have great confidence in Outlier Ventures – one of the first venture capital companies (VC) dedicated to investing in the developing crypto ecosystem since it was founded in 2014.
The business is a well-known Web3 founder community and accelerator. Every year, regardless of where they are in the world, the company will assist projects related to DeFi, NFTs, blockchain infrastructure, and more by investing in and partnering with 200 of the top founders in Web3. The business is the leading Web3 accelerator, according to research by crypto experts from (funnel_name). No other accelerator has worked with as many web3 startups across DeFi, NFTs, DAOs, blockchain infrastructure, identity, luxury fashion, music, gaming, and Metaverse.
Fetch.ai, Boson Protocol, Secret Network, Blox Move, Swash, and DIA Data are just a few of the billion-dollar crypto economies Outlier Ventures has helped create and grow. With a focus on emerging Metaverse use cases like NFT-based digital couture fashion brands, avatar marketplaces, decentralised music publishing platforms, play-to-earn games, augmented reality social positioning protocols, and more, their portfolio features notable projects across DeFi, NFTs, and blockchain infrastructure.
The business introduced a Base Camp accelerator program in 2019 -it is an accelerator program that offers startups unmatched access to internal experts who are renowned as the go-to authorities for Web3 founders, investors, and businesses who have facilitated the successful launch of over 100 start-ups. The base camp accelerator program was created to support teams whose commercial potential best takes use of the protocol and design characteristics of the program and also coincides with the Metaverse OS Thesis of Outlier Ventures. Typically, cohorts are chosen to expand the protocol ecosystem across various levels, including NFTs & gaming, DeFi, infrastructure, services, and middleware.
Participating startups will be exposed to the ecosystems of Outlier Ventures and the protocol, providing creators with an unrivalled opportunity to scale their technology and expand their company.
Since the start of the program, the company has received more than 5,000 applications for its highly sought-after virtual accelerator and has assisted in raising more than $350 million in seed funding for its expanding portfolio of more than 100 well-known projects from around the world, including Crucible and Biconomy.
- Elliptic
Key features:
- Total funds raised – GBP 79.5m
- Number of equity deals – 7
- Number of employees – 100+
Elliptic, a top global provider of crypto compliance solutions, was created in 2013 to be the first to employ blockchain analytics for financial crime compliance. To identify and stop a financial crime involving crypto assets, regulators, financial institutions, and crypto firms use this company’s solutions and services for compliance with the laws governing the usage of digital currencies. Businesses rely on the precise, executable insights provided by blockchain analytics across more than 500 crypto assets and more than 100 billion data points to reduce risk and maintain compliance – an advantage over competitors that fosters confidence among partners, clients, and regulators. Investing in your team to provide them with the training necessary to maintain compliance and use the most accurate AML monitoring tools available is essential.
To achieve compliance, blockchain analytical technology is used on services provided by the company, including:
- Crypto wallet screening – helps companies or individuals to analyse the security of crypto wallets and to easily and quickly gain correct information. This service also aids one in adhering to sanctions restrictions, reducing fraud, and being aware of who they are interacting with.
- Crypto investigations – visualisation and exploration of crypto asset wallets and transactions with a single click on a blockchain. Track the money in cryptocurrencies more quickly than ever before by looking into client activities.
- Crypto transaction monitoring – Monitoring of cryptocurrency transactions in real-time that is fully automated and follows money between assets and blockchains. Helps to provide industry-leading anti-money laundering compliance and shield your company from financial crime, finding connections to terrorist financing, sanctioned entities, and other illegal behaviour. Real-time processing of tens of thousands of crypto transactions with the ability to track the flow of assets as they travel between blockchains and assets.
- VASP screening – recognise the risk profile of Virtual Asset Service Providers (VASPs), such as exchanges, before choosing them as clients or partners.
- HAL
Using APIs, direct user interfaces, and low-code/no-code features, the skilled team at HAL is creating applications centred around a robust set of blockchain notifications. This company was founded in 2021. For a relatively developing company, it already serves more than 20k decentralised applications, has 15000+ active users and has sent over 2.7 million Notify alerts to its active users.
Notify is a crypto notification system – when something significant occurs on Web3, it instantly transmits updates automatically. The organisation supports a variety of technologies, including NFTs, DeFi, DAO, smart contracts, wallets, and more.
Why is Notify significant for users?
- Boosts community engagement – by providing users with crucial information, Notify aids DAO, DeFi, and NFT initiatives in fostering community engagement.
- Price, Liquidity or gas alerts – set up alerts for any blockchain action that is relevant to your project and users’ wallets. No code is needed.
- Get notified on any channel – email, Telegram, Discord, Slack, Twitter, and customised Webhooks are just a few of the popular channels supported.
- Boost DAO vote participation – users may quickly be made aware of and vote on a proposal with the help of Notify within minutes.
- Protect positions – HAL Notify, in association with AAVE (a protocol built on Ethereum that provides automatic crypto loans. Users may deposit cryptocurrency as collateral and borrow additional cryptocurrency up to a predetermined proportion of the value of the collateral), which aids users in preventing the liquidation of their assets. Not being able to monitor your screen shouldn’t result in you getting cut. DeFi customers can easily set up their own notifications and receive immediate updates when their health factor is low.
- BCB Group
This is a top-tier business that has worked with a wide range of global financial industry leaders, such as Barclays, Paysafe, Bitstamp, Coinbase, Credit Suisse, Deutsche Bank, FIS, Goldman Sachs, JP Morgan, Investec, Lloyds Commercial Bank, Luno, Norton Rose Fulbright, FIS, and Sun Life of Canada.
The company was established in the UK in 2017 to serve the blockchain and cryptocurrency sectors, and it is committed to delivering dependable financial infrastructure in a dynamic environment. They provide accounts and payment processing for the industry’s main players, such as Bitstamp, Crypto.com, Fireblocks, Galaxy, Gemini, Huobi, and Kraken in a variety of fiat and cryptocurrencies. BCB Group is essentially established to be a leading global provider of business accounts and trading services for the digital asset economy. They are regulated in the UK and Switzerland.
Customers can transact in foreign exchange (FX) and cryptocurrencies rapidly, at scale, and with market-leading value. In addition, BCB Payments Limited (a core operations subsidiary of the group) obtained an Authorized Payment Institution (API) license from the UK Financial Conduct Authority in January 2020, making it the first and only Authorized Payment Institution with a crypto-focused focus.
Blockchain technology is evidently growing to be a significant or integral aspect that is increasingly altering the technology and systems used across different industries and developing new technologies and systems that make digital use and parts of our daily lives that make use of technology easier, sustainable and more efficient.
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