Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights into the government and public sectors. This time, you get to discover five hand-picked blockchain startups impacting governments.
Out of 256, the Global Startup Heat Map highlights 5 Top Blockchain Startups impacting Governments
The insights of this data-driven analysis are derived from the Big Data & Artificial Intelligence (AI)-powered StartUs Insights Discovery Platform, covering 2 093 000+ startups & scaleups globally. The platform gives you an exhaustive overview of emerging technologies & relevant startups within a specific field in just a few clicks.
The Global Startup Heat Map below reveals the distribution of the 256 exemplary startups & scaleups we analyzed for this research. Further, it highlights five GovTech startups that we hand-picked based on criteria such as founding year, location, funding raised, and more. You get to explore the solutions of these five startups & scaleups in this report. For insights on the other 251 blockchain solutions for governments, get in touch with us.
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Thrupny advances Decentralized Electronic Voting
Founding Year: 2018
Location: Dubai, UAE
Collaborate for Digital Know-Your-Customer (KYC)-based Voting
UAE-based startup Thrupny offers digital identity solutions to enable decentralized electronic voting and KYC. The startup’s KYC Software-as-a-Service (SaaS) platform leverages image recognition, machine learning (ML), and AI to verify individual credentials. It allows users to upload their photos and other details to create digital identities. The platform utilizes these digital identities, along with a blockchain ledger, to empower electronic voting and eliminate voter fraud. This enables government entities to increase voter turnout and improve transparency in the voting process.
Hangzhou Qulian Technology enables Vaccine Tracing
Founding Year: 2016
Location: Hangzhou, China
Funding: USD 250 M
Work with the startup for Epidemic Prevention & Control
Chinese scaleup Hangzhou Qulian Technology provides a cloud-based platform for vaccine tracing based on Hyperchain, its native blockchain network. The platform uses the Internet of Things (IoT) and a multi-level encryption mechanism to record process information, from vaccine development and logistics to individual vaccination. Additionally, it executes smart contracts for vaccine quality inspection and prevents unregulated circulation and storage. This enables public health institutions and government regulatory authorities to monitor vaccination rates as well as prevent fake vaccine circulation and illegal vaccine hoarding.
Coinfirm offers Blockchain Forensics
Founding Year: 2016
Location: London, UK
Funding: USD 8,5 M
Use this solution for Crypto Crime Investigations
UK-based startup Coinfirm develops AML Platform, a blockchain forensics tool for cryptocurrency and digital asset compliance monitoring. It provides blockchain analytics for risk management and to create financial audit trails. The platform scans financial transactions and counterparty identities across various risk scenarios and algorithms to furnish actionable risk reports. This equips government financial intelligence units (FIUs) and crypto crime investigators with RegTech tools to track illicit assets as well as combat money laundering and terror financing.
XENTAVO facilitates Blockchain-powered e-Governance
Founding Year: 2017
Location: Coral Gables, US
Reach out for Fraud Prevention
US-based startup XENTAVO provides an eponymous platform to increase security in public sector services. It uses blockchain to improve efficiency and transparency in routine offline and electronic government operations. The platform features modules for procurement processes, land registry, public record-keeping including health and vehicle records, citizen digital identity as well as permits and licenses. These customizable modules enable state and local governments to prevent fraud and improve compliance monitoring.
CINCEL provides Digital Notarization
Founding Year: 2019
Location: Mexico City, Mexico
Funding: USD 1,3 M
Partner for Digital Signature & Document Authentication
Mexican startup CINCEL offers a platform to digitally notarize any certified document or contracts using blockchain. The platform hashes and transmits the document either on the Bitcoin or Ethereum blockchain network after it is electronically signed by all stakeholders. It then generates a downloadable tamper-proof time and date stamp in the original document that is publicly verifiable. CINCEL guarantees signature integrity and legal compliance of the notarized documents and enables governments and public institutions to authenticate contracts, agreements, intellectual property, trademarks, and patents.
Discover more GovTech Startups
GovTech startups such as the examples highlighted in this report focus on risk management, anti-money laundering, immutable document storage, and digital forensics. While all of these technologies play a major role in advancing the industry, they only represent the tip of the iceberg. To explore GovTech solutions in more detail, let us look into your areas of interest. For a more general overview, download one of our free Industry Innovation Reports to save your time and improve strategic decision-making.
