WSJ Top 25 Tech Companies List Sees Blockchain & Crypto Companies Dominate
The Wall Street Journal released its annual list of the top tech companies to watch this year. This year’s list was dominated by startups in the blockchain, AI, and cybersecurity industries – including notable names like Brave and its Basic Attention Token (BAT).
Blockstream led the way on the list. The company was ranked #2 overall and was first among blockchain technology startups.
Abra, an all-in-one cryptocurrency app that lets you invest in cryptocurrencies and manage your investments, also made the list, ranked at #13 by The Wall Street Journal.
WSJ ranking of top 25 tech startups (founded since 2013) https://t.co/evPXKoIcT9
— Adam Back (@adam3us) June 13, 2018
Overall, the list was dominated by AI, blockchain, and cybersecurity startups, which collectively gathered more entries on the list than any other industries.
What makes Blockstream the shining star of the blockchain industry, in the eyes of The Wall Street Journal? The San Francisco-based company was founded in 2014 to provide funding for the development of Bitcoin Core, the main software of the bitcoin network.
Today, the company continues to develop bitcoin applications – like sidechains and other apps – while raising huge amounts of money. As of June 2018, Blockstream has raised over $76 million from investors like Horizons Ventures and Mosaic Ventures. The company also employs well-known bitcoin developers like Adam Back (Back is the President of Blockstream).
Abra is another Bay Area crypto company that made the list. The company’s flagship product is its mobile bitcoin wallet app for iOS and Android. You can download the app, add money, then purchase 25+ cryptocurrencies from a single convenient dashboard.
Abra, which is based in Mountain View, also has a network of Abra Tellers distributed worldwide. Another unique innovation with Abra is that you don’t need a bank account to use Abra in most countries. Abra, if its long-term goals are successful, could be responsible for opening cryptocurrency to the world.
New York’s R3 also made the WSJ’s list of the top 25 tech companies to watch in 2018. R3’s blockchain-based platform lets financial institutions and other businesses securely manage transactions directly between parties. The company has generated attention for partnering with Goldman Sachs. R3 is in the #6 position on the list.
We’ve watched blockchain technology go from a niche innovation to a trillion-dollar market. It’s no surprise that the world is starting to take note.