The Blockchain Ecosystem - October 2017

The Blockchain Ecosystem - October 2017
Previous post in this series, including background, for the Ecosystem: https://steemit.com/blockchain/@tkklein/the-blockchain-ecosystem

The world of blockchain startups continues to explode. This month’s view of the ecosystem has 104 additional logos with the majority of the new ones focused on individual markets and extensions to existing ecosystems. While no one would say the blockchain ecosystem is stable, there is an increased awareness that blockchain needs to work in the real world of existing systems and customer expectations.

Financial Services as a group still leads the pack with the most firms, with Markets and Banking as the largest subgroups within. I am also starting to see organizations with an insurance focus such as insPeer and RiskBlock. Axa – fizzy.axa - even has a beta project out for travel delay insurance that autopays when triggered after a delay of 2 hours. Media & Commerce is the second most active area with four times as many companies as last month. Most of the newcomers are taking aim at enabling creatives to reap more reward from their efforts.

Two new categories in the charts are Non-Profits and Integration utilities. As things mature, even non-profits are seeing benefits to be had and integration is a sign of maturity showing that no blockchain stands alone.

The Lay of the Land

More recently uncovered organizations to be added to the next month’s post are: Level Trading Field, Lykke, Dominode, Waves, Paradex, Coinflash, and EthVentures. Always looking for more, so feel free to send me your favorite blockchain company not represented here and I’ll add them.

Next time look for a couple scenarios to jumpstart adoption of blockchain in your organization, in addition to my update of the ecosystem.

Tom Klein
[email protected]