Funding to the sector has gone from almost no investment in 2012 to over $500M in each of the past two years. Corporations and their venture arms, especially those in financial services, have entered the fray in large numbers, looking to blockchain and distributed ledger solutions to address pain points that include data reconciliation, clearance, and settlement, among other issues. Major global banks and financial intermediaries are working closely with blockchain companies using the new technology to revamp legacy systems and infrastructure.

We identified 25 privately held bitcoin and blockchain companies and organized them into 5 categories, based on each company’s primary product, line of business, and/or use case.

Here are 25 promising Blockchain Startups which are challenging the conventional perception and should be watched out for in 2018-2019.