Chain Bazaar Make it easier for the blockchain to land
Chain Bazaar Make it easier for the blockchain to land
Picture丨From the Internet
Picture丨From the Internet
Picture丨From the Internet
When investors and consumers mention the word “blockchain,” Bitcoin is the first thing most people think of. While Bitcoin and blockchain technology are inextricably linked, the latter is more diverse than simple currencies while retaining the basics of Bitcoin, namely anonymity and transaction security.
Simply put, a blockchain is a decentralized collection of databases, often called a ledger. Any party transacting using this ledger can access its data and make changes, resulting in multiple copies for multiple users, a concept that improves the integrity of transactions.
The rise of bitcoin and cryptocurrencies has led to a corresponding rise in popularity of blockchain technology companies, with many believing that bitcoin and related cryptocurrencies collectively will be worth billions of dollars in the near term. In 2019, MarketsandMarkets released a research report stating that from 2020 to 2025, the global blockchain market will grow at an astonishing compound annual growth rate (CAGR) of 67.3%.
The report estimates that this market will be worth $3 billion by the end of 2020, rising to $39.7 billion by the end of 2025. The research firm believes that while SMEs will be the backbone of this growth, it will still be traditional financial institutions that rely on blockchain technology that will account for the lion's share of this growth.
Market research firm Fortune Business Insights agrees with MarketsandMarkets on the CAGR and market size value of the encryption sector. The research firm expects a CAGR of 56.1% for the global blockchain market from 2019 to 2027, with the industry expected to be worth $69 billion by the end of 2027.
PricewaterhouseCoopers, one of the largest accounting firms in the world, stated in a late 2020 report that blockchain technology could contribute $1.76 trillion to global GDP by 2030. The company also stated in its report that the increase was mainly due to companies using the technology to avoid counterfeit products and fraudulent transactions. Regarding the application of "traceability", by 2030, it will increase the global GDP by 903 billion US dollars.
When determining a company's value, we look at a variety of factors. To this list, we have added some additional notes, since some companies are not publicly traded, we will use their revenue as the main determinant in assessing their size. And mainly refer to companies that use blockchain technology to provide products to customers, financial companies that add cryptocurrencies to their portfolios, and companies that provide solutions in blockchain technology for most business products.
Here are the most valuable blockchain companies in the world
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Fifteenth place: Blockstream
Annual income: about $7.8 million.
Blockstream is a Canadian company founded in 2014 that provides storage and digital asset transfer blockchain solutions mainly for Bitcoin. Like other small blockchain companies, Blockstream also keeps its financial details confidential because it is not Publicly traded companies are under no obligation to share these details.
Cryptocurrencies are becoming more widely accepted by governments and large institutions such as Square Inc. (NYSE: SQ ), Tesla Inc. (NASDAQ: TSLA ), Apple Inc. (NASDAQ: AAPL ) and Alphabet Inc. Class A (NASDAQ: GOOGL ). and blockchain technology. Blockchain companies like Blockstream will grow further.
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Fourteenth place: Intellectsoft
Annual income: about $11.43 million
Intellectsoftoft is a software solution development company founded in 2007, mainly serving enterprises and institutions, with five offices around the world, including New York and Miami.
According to Dun&BradStreet's annual revenue model, Intellectsoft's annual revenue is $11.43 million.
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Thirteenth place: Deqode
Annual revenue: about $19 million
Deqode has about $19 million in annual revenue, according to data information service Growjo, and is increasingly popular with large institutions.
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Twelfth place: Steem USD
Annual revenue: about $24 million
According to data information service Growjo, Steem currently generates about $24 million in annual revenue.
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Eleventh place: ConsenSys
Annual revenue: about $30 million in 2020
However, those details will need to be provided to investors as the company seeks financing. The company, which indirectly disclosed annual revenue in an April announcement, said it plans to double that to $60 million by the end of the year. This means that, in 2020, ConsenSys has an annual revenue of $30 million.
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Tenth place: HIVE Blockchain Technology Co., Ltd.
Annual Revenue: $33 million in revenue for the last three quarters of 2019.
According to details listed on the company’s website, the company plans to configure 133,120 mining machines and achieve a hash rate of 13.3EH/s. Hive's most recent financial report to Canadian regulators showed the company took in $33 million from April to December 2020, an annual increase of $9 million.
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Ninth place: Marathon Digital Holdings
Annual revenue: $38 million in the first half of 2021
According to the latest Form 10Q filed with the US Securities and Exchange Commission (SEC), Marathon Digital Holdings earned $38 million in the first half of this year, achieving a stunning $37.5 million annual growth.
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Eighth place: Argo Blockchain plc
Annual revenue: $43 million in the first half of 2021
Argo Blockchain is a London, UK-based company that was founded in 2017 following the cryptocurrency boom. The sole purpose of the company is to ensure that mining becomes a legitimate business.
Argo raked in $43 million in the first half of the year, almost double what it earned in all of 2020.
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Seventh place: BinanceCoin USD
Annual revenue: about $179 million
Binance is one of the largest cryptocurrency exchanges in the world. The company, founded by Zhao Changpeng and He Yi in 2017, has been the subject of controversy in the United States over allegations of money laundering and tax concerns. The company has another U.S. exchange called Binance.US, which is registered with the U.S. Financial Crimes Agency.
Binance has annual revenue of about $179 million, according to data information service Growjo.
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Sixth place: AP Moller- Mærsk A/S
Annual revenue: about $665 million
AP Moller- Mærsk A/S, referred to as Maersk, is the world's largest shipping company. Maersk has incorporated blockchain technology into its TradeLens platform, enabling its users to interact with information in a secure and transparent manner.
Maersk lists revenue from its TradeLens platform under the Maersk-managed product line, which generated $665 million in the first half of this year.
Fifth place: VMware, Inc.
Annual revenue: approximately $741 million
VMware Inc. is a cloud computing company established in California, USA 28 years ago. The main field is virtual technology, and now blockchain technology is also being developed.
VMware offers the VMware Blockchain, a decentralized network that allows corporate customers to use it in industry segments such as financial services, supply chain and healthcare.
In the quarter ended April, VMware earned $741 million in revenue from subscription and software-as-a-service (SaaS) models, according to a filing with the U.S. Securities and Exchange Commission (SEC).
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Fourth place: Bitfury Group
Annual revenue: $500 million in 2018
It also provides custom hardware to audit the Bitcoin blockchain. The company also helped the Georgian government record 300,000 land deeds on the blockchain, making sure they cannot be tampered with. According to Forbes, the Bitfury Group generated $500 million in revenue in 2018.
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Third place: Coinbase Global Limited
Annual revenue: $4 billion in the first half of 2021
Coinbase Global Co., Ltd., referred to as Coinbase, was established in 2012 and is one of the most famous cryptocurrency exchanges in the United States. After acquiring Tagomi in March, it became the largest cryptocurrency exchange in the United States.
Coinbase offers products to retail and institutional investors. For retail users, users can trade cryptocurrencies and cryptocurrency-backed assets through Coinbase, and it allows customers to access the app's wallet.
According to its Form 10Q disclosure to the U.S. Securities and Exchange Commission (SEC), Coinbase achieved $4 billion in revenue in the first half of the year.
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Second place: IBM
Annual revenue: about $3 billion in the first half of 2021
IBM lists revenue from its blockchain-based platforms under the heading "Transaction Processing Platforms" in its financial statements, and the industry generated $3 billion in the first half of this year. Despite ongoing rumors that the company failed to meet internal targets for the blockchain division, the revenue was solid.
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First place: Square, Inc.
Annual revenue: $6.2 billion in the first half of 2021
Square Inc. is a financial payments services company co-founded in 2010 by Twitter co-founder Jack Dorsey and billionaire James McKelvey. Square's main business line ended the year's second quarter with solid revenue.
In its Form 10-Q for the second quarter of 2021, Square disclosed that it derived 64% of its total revenue from Bitcoin market price, active Bitcoin customers, and growth in Bitcoin demand. By the end of June 2021, Square had earned a whopping $6.2 billion in Bitcoin, a 428% annual gain after the company disclosed that it owns $1.1 billion worth of Bitcoin in the first half of 2020.
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