Israel has always been a country filled with innovative and clever people. Even though Israel is a geographically tiny country with a small population, Israel has had 12 Nobel Prize winners. It is also noteworthy that Israel is the world’s leader when it comes to R&D, and a powerhouse when it comes High-tech, and Internet based companies.
Organizations such as the Israeli Bitcoin Association have been instrumental in cultivating and promoting Bitcoin and cryptocurrencies in Israel. Moreover, they have helped Israeli companies collaborate and create truly interesting blockchain based projects.
Over the past year or so, cryptocurrencies, such as Bitcoin, and blockchain technologies have exploded into public consciousness. This has led many Israeli businessmen and companies to attempt to find new applications and uses for blockchain technology. This has led to several very success companies and many promising looking start-ups. Many of these companies either ran successful ICOs (initial coin offering) also known as Token Sales or are planning a big ICO to fund their initial operations.
We have compiled the top 20 companies involved in the crypto-space and blockchain technology—Bancor, Sirin Labs, DAGlabs, Kin Foundation (Kik), eToro, Game Protocol, Coti, Enigma, Coindash, Matchpool, Multichain, Cointree Capital, Simplex, Wings DAO, Colu, STOX, Connect Job, Zen Protocol, DAV Foundation, and Cedex.
Bancor, founded in 2017, became one of the most successful ICO’s of all time. They have managed to raise a whopping $147 M equivalent at the time, in just 3 hours. Bancor created a protocol, which allows anyone to create completely liquid “smart tokens” easily. These “smart tokens” calculate their own prices & enable a single party to convert any token to another, without requiring a second party to exchange with.
Israelis have cornered the hardware market in the world of Blockchain technology. The growing tech giant, SIRIN LABS has managed to create the world’s first Blockchain-based smartphone phone, known as the Finney. They have also created the blockchain-based operating system, known as SirinOS and a Finney blockchain-based PC as well. Recently the company has even had a partnership with the Soccer all-star Lionel Messi.
One of the few companies here that did not start out as an ICO, DAGlabs is registered Israeli company. DAGlabs are working to solve the Blockchain’s scalability problems with the use of DAGs (Directed acyclic graph). This would remove the need for miners and solve many inherent issues within the blockchain.
Even though the KIN Foundation (Kik) messenger team is in San Francisco, the team behind the Kik token (KIN) was based in Ramat Gan, Israel. It planned on creating a digital economy based on its parent app, Kik, where users can pay for digital services, tip content creators and transfer funds between users.
The world’s largest social investment platform, eToro has allowed day-traders to invest in many different cryptocurrencies for years. eToro allows day-traders to display their trading history & success rate and allows ordinary individuals to copy or follow their trades when they happen. The eToro platform has helped to introduce cryptocurrencies as a serious investment to many day-traders.
Probably the most ambitious and innovative blockchain platform in the field of video games, Game Protocol, envisions a seamless union between video games and blockchain technology. They are creating a gaming ecosystem based on multiple pillars. This includes a decentralized game store that accepts their native token, a unique crowd funding platform for games that enables developers to issue a token and sell them as an in-game cryptocurrency to fund their game and many more perks for both developers and players.
Also known as the currency of the Internet, Coti is a financial token similar to Bitcoin. Coti is a payment transaction network and currency. They allow reliable payment solutions which are quicker, simpler and with less fees than most other cryptocurrencies. It is a combination of a traditional payment network along with better blockchain technology.
Created by a team of MIT graduates, Enigma aims at solving the deep-rooted scalability issues in the blockchain and improving user privacy at the same time. The solution they have reached is a second layer, off chain network. This allows a secure and decentralized data exchange, which can improve many different blockchains.
An operating system for the management of crypto assets, Coindash is a cryptocurrency portfolio manager and token. It allows day-traders to take advantage of social trading and follow or copy other successful traders, in a manner similar to eToro. It also provides real-time trading signals, an ICO dashboard and many other perks and benefits for day-traders.
Whether in work, love, or even apartments, finding the right match can be very hard sometimes. This is where Matchpool comes into the picture. Matchpool allows anyone to create their own matchmaking network in nearly any field, and rewards matchmakers for matching users with their own native Guppy token.
An open platform for building blockchains, Multichain allows organizations and companies to create their own blockchain for a multitude of uses and applications. Multichain allow rapid deployment of existing blockchains and new ones, unlimited assets on the blockchain that are all trackable and verifiable and high security permissions options. This guarantees that companies who wish to create their own blockchain will be able to do so at ease.
A leading cryptocurrency investment group, Cointree Capital assists individuals invest in Bitcoin and other cryptocurrencies. They have a big focus on token sale and investment consulting. While their investment group is slightly more suited for institutional & large investors as opposed to private investors, it is still a great opportunity for some who lack in-depth knowledge in the field.
One of the oldest companies on this list, Simplex aims to eliminate fraud in the world of cryptocurrencies. They have created a credit card payment processor solution for cryptocurrency exchanges, brokers and wallets. This allows institutions and individuals purchase cryptocurrencies, like Bitcoin via credit & debit cards in fiat currency.
Based on Ethereum, Wings DAO created a platform for the easy creation and funding of Decentralized Autonomous Organizations. In layman’s terms, it allows easy promotion and price discovery of ICOs and token sales using AI technology, forecast markets and social referral marketing. Despite only being in Beta, Wings shows great promise and innovation.
With the vision of becoming a tool to empower local and small businesses, Colu has become a visible force in Tel-Aviv and Jaffa. Many stores across the city accept the local cryptocurrency. Colu has put an emphasis on ease-of-use. Unlike other cryptocurrencies which takes a tech-savvy individual to purchase coins or tokens, with Colu, all you need is the app and to hit a button.
A blockchain based decentralized trading platform, STOX offers traders the opportunity to make market predictions, trade with other individuals on the platform, and profit. It uses the collective opinion off all the users on its platform to predict future market events and happenings. This allows it to be a practical framework for popular prediction market.
Job-hunting can be rough at times. ConnectJob is revolutionizing the way people look for jobs with the use of blockchain technology and geo-tagging. This allows a fully transparent and decentralized market of job-hunters and recruiters. By combining the use of blockchain tech, and geo-tagging into one decentralized platform makes it an attractive project to follow.
A decentralized financial system, Zen Protocol plans on combining a trading floor, a brokerage, and a few other perks on a blockchain parallel to that of Bitcoin’s. It allows individuals to trade cryptocurrencies in peer-to-peer trades. The peer-to-peer trades are facilitated via smart-contracts whish remove any chance of manipulation or wrongdoing.
DAV Foundation stands for Decentralized Autonomous Vehicles. It plans on revolutionizing the world of self-driving cars with the use of blockchain technology and decentralization. This will be done by creating a market place, where anyone can buy and sell self-driving cars. The cars will later communicate with each other via their platform.
The diamond industry has long been native to Israel & Ramat Gan, in particular. Cedex has taken the local Israeli industry and created the world’s first certified blockchain based diamond exchange. They allow anyone to invest in diamonds and traders can buy and sell valuable gems & diamonds in full confidence.