Mark Anderson
The United Kingdom, and more specifically London, has always been a breeding ground for innovation, particularly in the field of technology. The proposition that technology-based startups are leading the trail when it comes to development and innovation is far from a myth. Startups within the Blockchain industry have been on the rise with the primary aim of resolving complex issues revolving around finance, art, machine learning, and the crypto sector. Below, are startups which have been in operation since 2020 or later, with all of them based in London, England. These fresh players on the scene are turning heads and initiating a wave of innovation in the tech industry.
Blockchain is a system of recording information in a way that makes it difficult, if not impossible, to change, hack, or cheat the system. With each digital record or transaction in the thread known as a block, multiple blocks linked in a single list create a chain. Cryptocurrency is a digital or virtual currency that employs cryptography for secure financial transactions, control the creation of additional units, and verify the transfer of assets. Machine Learning is an application of Artificial intelligence (AI) that gives systems the ability to learn and improve from experience automatically without being programmed explicitly. These 2020 startups have combined these mechanisms and concepts to create new innovative solutions within their respective fields.
For instance, the machine learning model by Gensyn provides cost-efficient computational protocol on a hyperscale. Contrastingly, DFX finance optimizes their protocol for non-US dollar stable coins. Diversely, Limna uses AI to simplify buying art that you love, while DropsTab offers real-time data on crypto market transactions. All the while, startups like Himalaya Exchange and LINK IO are diving into the FIntech sector with new solutions. Let’s dive more into the unique propositions of these startups.
Gensyn
Founded by Ben Fielding and Harry Grieve, Gensyn is a Blockchain startup that specializes in providing dependable computing protocols for worldwide deep learning models. With the pursuit of hyperscale and cost-efficiency, this innovative solution presents an exciting prospect for numerous industries. Follow the latest from Gensyn on their LinkedIn page.
DFX Finance
Incepted by Adrian Li and Kevin Zhang, DFX Finance is a decentralized finance exchange protocol optimized for non-US dollar stable coins. Stepping away from the norm, DFX Finance opens doors for other potential currencies on the global scale. They keep their community updated with the latest news on their official LinkedIn page and Twitter handle.
Limna
Stepping away from the typical financial industry, Limna founded by Marek Claassen is the world’s first AI-powered art advisor. This innovative startup tracks more than 700,000 artists across over 1,000,000 exhibitions, connecting enthusiasts and potential buyers with galleries worldwide. Follow Limna on their Official Facebook page, LinkedIn profile or their Twitter handle.
DropsTab
DropsTab is a cryptocurrency market tracker that simplifies tracking and monitoring assets’ performance for users. DropsTab presents real-time data on crypto market transactions, creating a unique data pool for the crypto community. Updates on the company can be found on their LinkedIn profile or Twitter handle.
Himalaya Exchange
The Himalaya Exchange delves into the Fintech sector with a new solution. Though not much is disclosed about its specific product yet, their presence in the industry has been palpable. Their activity can be followed on their official LinkedIn page and Twitter handle.
LINK IO
LINK IO, founded by Emmanuel Ebuka Evarist, Marvel George Ekpo, Tomisin Leshi, and Victor Nwaejie, is known for developing web3 Cross border payments infrastructure for Africa. The adoption of this infrastructure would be a significant step forward in modernizing Africa’s payment systems. Follow LINK IO’s progress on their LinkedIn page.
Revoland
In the gaming industry, Revoland is a web3 game ecosystem providing a range of services, including publishing, distribution, promotion, and NFT transactions for web3 games. They position themselves as the torchbearers for the fresh wave of web3 games. You can follow their updates on their Twitter handle.
BlockSwap Network
The BlockSwap Network further invests in the Blockchain sector, planning to bring something new to the table. Positioned within a promising industry, their direction seems to be unfolding. Watch their space on their LinkedIn profile or Twitter handle.
Appold
Founded by Pete Osborne and Robert Gaskell, Appold is a specialist company focused on the Web3 industry incorporating blockchain technology, decentralized finance, and tokenization of assets. They advise institutions, corporations, founders, and teams expanding their interest in the sector. Follow them on their LinkedIn profile and Twitter handle.
Idexo
Founded by Greg Marlin, Idexo operates in the fields of Blockchain, Developer Tools, and Software. Though not much is revealed about their products yet, their solutions are eagerly awaited in the industry. Stay tuned for updates.
Fintech Review
Founded by Tristan Pelloux, Fintech Review provides insights, reviews, interviews, and analyses focused on explaining basic concepts to analyzing major trends across business, finance, economics, and technology. Ensuring the FinTech community is abreast with relevant information, their significant presence heightens in the industry. Follow them on their official Facebook page, Twitter handle and LinkedIn profile.
The Blockchain industry within the UK, particularly London, has seen immense growth and innovation. As these startups continue to surge, we anticipate an elevation of existing solutions and the genesis of many more. With the constant development and embracing of technology, together with the drive to improve existing systems, startups like these are indeed the catalysts for a tech-transformed future.
