Top Blockchain Startups in Switzerland’s Crypto Valley

Cryptocurrencies and crypto-related technology have been one of the trending areas in terms of investments and entrepreneurial activity. However, the development of this technology has somehow been constrained to certain key hubs, namely New York, Malta, Silicon Valley, Singapore, Gibraltar, and Switzerland.

It’s the last country on this list that we’ll be exploring in this article: Switzerland. We have seen how Switzerland has come to be counted among the top locations in the world for blockchain companies in recent years. This, in turn, has led to different kinds of business models being explored in the country. Crypto Valley, which lies between Zurich and Zug in Switzerland, is now home to numerous companies and organizations in the blockchain sector. It stands to reason that startups choose to come to Switzerland mainly because of legal certainty, top-notch infrastructure, and of course, the Valley’s FinTech ecosystem that seems to be going from strength to strength. The cryptocurrency hub in Switzerland – Zug, which has been nicknamed Crypto Valley – has shown a significant amount of growth in recent years in terms of the number of companies it plays host to. As of 2019, Crypto Valley is home to 600 Distributed Ledger Technology (DLT) companies.

In this week’s story, we take a closer look at the top 20 blockchain-based companies in Crypto Valley.

Bitmain Technology

Bitmain Technologies Holding Company (“Bitmain”) is a semiconductor which offers products, including chips, servers, and cloud solutions for blockchain and artificial intelligence (AI) applications. The product offerings of the company include:

1. Antminer (a powerful miner which has a hash rate of 12.93TH/s -+ 7% and can generate 0.5 Bitcoins every month).
2. BTC.com (provides a block explorer, mining pool, secure mobile, and web wallet).

Bitmain Technology has raised a total of $764.7 million in funding.

Hdac Technology

Hdac Technology leverages blockchain technology to provide an IoT contract platform which facilitates machine-to-machine transactions, authentication of IoT devices, and their mapping. The company uses public and private blockchain to provide speedy transactions without compromising the security of IoT devices. The company has developed IoT- ...