Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights into smart cities. This time, you get to discover 5 hand-picked blockchain startups.
Global Startup Heat Map: 5 Top Blockchain Startups
The 5 blockchain startups you will explore below are chosen based on our data-driven startup scouting approach, taking into account factors such as location, founding year, and relevance of technology, among others. This analysis is based on the Big Data & Artificial Intelligence (AI)-powered StartUs Insights Discovery Platform, covering over 1.3 million startups & scaleups globally.
The Global Startup Heat Map below highlights the 5 startups our Innovation Researchers curated for this report. Moreover, you get insights into regions that observe a high startup activity and the global geographic distribution of the 261 companies we analyzed for this specific topic.
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Chorus Mobility develops Payment Protocols for Urban Mobility
The concept of smart cities inevitably implies the introduction of intelligent, safe, and clean transportation schemes for urban citizens. Startups leverage blockchain and the Internet of Things (IoT)-based systems to create an immutable record of passengers and cars traveling around the city. This helps urban authorities to create precise timetables and forecast commuting demand. Moreover, it helps civic authorities plan better transportation routes and supports the introduction of connected and autonomous vehicles.
The US-based startup Chorus Mobility develops interoperable peer-to-peer (P2P) payment protocols and decentralized app architectures for connected vehicles. The startup utilizes blockchain to verify transactions between individuals and driverless taxis. Moreover, it devises a trustable vehicle to vehicle (V2V) network of self-driving vehicles, and arrange automatic toll payments, among other use cases.
Prosume facilitates Energy Transactions
Cities nowadays strive to embrace decarbonization, decentralization, and digitalization transformations occurring in the energy industry. Blockchain represents one of the tools, capable of facilitating the transition to energy 4.0 processes. Startups develop blockchain-based solutions to reinforce P2P & prosumer energy transactions, discourage theft, monitor community energy usage and encourage green energy trading.
Italian startup Prosume creates a digital platform for communities and smart cities to bridge utilities, consumers, and prosumers in a locally-shared and decentralized energy ecosystem. Mediated by blockchain, it allows for trustworthy peer-to-peer (P2P) exchange, grid balancing, reliable payment methods, flexibility to choose green energy sources, and co-own power plants, to name a few features.
Agora secures Voting and Citizen Engagement
To run smart governments, blockchain is useful in upholding the reliability and transparency of public dialogue. By ensuring secure storage of public and voting data, as well as establishing strong authentication features, blockchain minimizes instances of corruption and information manipulation. Emerging companies develop blockchain-based applications for voting that eliminate electoral fraud and streamline civic engagement.
Swiss startup Agora merges sophisticated cryptography with a two-layer participatory consensus security infrastructure. The startup’s e-voting solution ensures the transparency of elections at various levels – from smart cities to macro-level government authorities. The blockchain-based platform enables citizens to perform digital ballot-casting from their mobile devices in an end-to-end verifiable and tamper-proof setting. Further, the solution also ensures the protection of all stakeholder identities.
Limestone Network applies Blockchain for Real Estate & Infrastructure
The demand for swift construction and development of cities spurs the need for connected infrastructure and smart public services. Startups and scaleups build blockchain solutions that digitally identify citizens within urban service infrastructure and allow for more inclusion and participation. This aids cities in offering additional value-added services to locals, including common policies and secure information access, among others.
Singapore-based startup Limestone Network intends to build digital smart city ecosystem solutions for real estate buildout and infrastructure development. The startup’s blockchain-based product encourages citizens to obtain digital passports and establish digital wallets. Moreover, it encourages users to participate in an organized smart city ecosystem where they have the ability to execute any payments across various city venues. Besides, using an open ledger, the startup simplifies city infrastructure management by enabling the analysis of real-time city-data.
Penta develops a Waste Management Traceability Tool
Many cities struggle with the collection, sorting, and recycling of waste. Blockchain holds the potential to streamline waste management activities with real-time tracking and record-keeping capabilities. Startups and emerging companies create blockchain-based platforms that monitor the waste management cycle. These platforms track data on a wide range of parameters. These include the volume of waste generated, collection timing, status, assignees, and more, to inform waste collection facilities and citizens.
Australian startup Penta develops a blockchain platform suitable for smart cities, fintech, supply chain management, healthcare, and social impact applications. The startup’s Penta Blockchain Garbage is an IoT-based smart city solution. It monitors the activities within the waste management process and motivates community members to responsibly sort their waste streams.
Discover more Smart City Startups
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