Check Out 5 Boston Blockchain Startups That Are Revolutionizing Crypto

A blockchain is a decentralized peer-to-peer network used to facilitate asset transactions without the need for a clearing authority. Assets that can be tracked include tangibles like a car or property, or intangibles like patents and copyrights. Intangible assets can include legal tender such as cash, or even cryptocurrencies such as Bitcoin BTC/USD and Ethereum ETH/USD.

The cryptocurrency market is a multi-billion dollar industry. Leaders in the field include Bitcoin, valued at around $400 billion, Ethereum at nearly $200 billion, Tether at around $70 billion, and BNB at just over $50 billion. The value of the cryptocurrency market fell just below $1 trillion in June 2022 to a level of $926 billion. Global crypto peaked at $2.9 trillion in November 2021.

If you love crypto, you won't want to miss Benzinga's Future of Crypto event. This year's conference will be held at Pier Sixty in New York and will feature such illustrious speakers as Kevin O'Leary of O'Leary Ventures and ABC's "Shark Tank", Anthony Scaramucci, founding partner of Sky Bridge Capital, and Arthur Breitman, co-founder of Tezos.

The Future of Crypto event will begin on December 7, 2022 at 8 a.m. ET. Boston is just one train ride from NYC, and the Amtrak 173Northeast Regional line departs Boston at 11:16 a.m. and arrives in New York City on December 6 at 3:22 p.m., one day before the event.

In the meantime, here are five great blockchain startups to watch in Boston.

Reverse encryption

Flipside Crypto provides on-demand analytics for blockchains, enabling crypto communities to create and share data. The company's Community-Enabled Analytics is a bounty program where blockchain users are encouraged to incentivize other community participants. People involved in the community can also share information and take advantage of auto-generated API endpoints. Founded in 2018, Flipside Crypto is based in Boston.

Voatz

Launched in 2015 with headquarters in Boston, Voatz makes it easy and secure for people to vote via their mobile device for everything from municipal elections to state elections. Voatz has created a platform that combines biometrics, encryption and blockchain, and allows users to vote securely from their smartphone or tablet. The pilot tests were carried out during the 2018 midterm elections in West Virginia, as well as the 2018 municipal elections in Denver.

Algorithm

Founded in 2018 by award-winning cryptographer Silvio Micali, Algorand's high-performance Layer-1 blockchain provides super-fast and frictionless technologies to its users. Algorand is building blockchain technology that powers the future of finance (FutureFi) for over 500 organizations worldwide. Algorand is headquartered in Boston.

Circle

Circle is a global financial technology company that offers online payments for public blockchains and stablecoins. A stablecoin is a digital dollar system that exists natively on the Internet. Billions of stablecoins are traded online every day. Circle was founded in 2013 by Jeremy Allaire and Sean Neville and is based in Boston.

Esprezzo

Esprezzo tracks assets across blockchain protocols, smart contracts and wallets. Esprezzo's tools and platform do this without the need for prior blockchain development experience. The company is a small blockchain company and was founded by Remy Carpinito and Alan Willhelm. Esprezzo is headquartered in Boston.