This blog post examines the different components of the blockchain technology ecosystem. We will illustrate what the categories of innovation are and which categories have the most companies. We will also compare the categories in terms of their funding and maturity.
Let’s start off by looking at the Sector Map. We have classified 1,127 blockchain technology startups into 12 categories. They have raised $11B from 1,130 investors. The Sector Map highlights the number of companies in each category. It also shows a random sampling of companies in each category.
We see that Blockchain Innovations is the largest category with 327 companies. These companies are working on distributed ledger technologies, such as smart self-enforcing contracts, cross-blockchain interoperability, and increased transaction speeds. Some example companies in this category include Blockstream, Filecoin, Blockstack, and Ripple.
Let’s now look at our Innovation Quadrant to find out the funding and maturity of these categories in relation to one another.
Our Innovation Quadrant divides the blockchain technology categories into four different quadrants.
We see that the Established quadrant has the most number of blockchain technology categories at 6, accounting for 50% of all blockchain technology categories. The Trust and Verification category has the highest average age, and the Mining category has the highest average funding. On the other hand, the Business Service category is low on both average funding and age.