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There are multiple companies on ASX that have blockchain as part of their operations.
Some have embraced blockchain more than others, making it a key part of their solution. Some even dipped their toes in the water and walked away.
So which companies have doubled the technology? And what interruptions are they using it for?
And which companies seem to have only their feet in the water?
Here is a list of ASX blockchain companies.
Dedicated ASX blockchain companies
Security Matters (ASX: SMX) uses its technology to track and trace the supply chain.
Its technology invisibly marks any solid, liquid or gas using a chemically based barcode.
This can then be “read” using a single proprietary reader, allowing product monitoring throughout the supply chain. The information is all stored on the blockchain, guaranteeing absolute security and transparency on a global level.
It is collaborating on a number of projects including addressing plastic contamination in the agricultural sector, incorporating its indicators into seeds to provide seed product protection throughout the supply chain, a test with an identity solution provider to improve. security and reliability of identity documents and is studying the use of its technology in the mining industry to ensure ethical sourcing.
Identities (ASX: ID8) is facing the challenge of helping banks and corporations learn more about their transactions and counterparties in real time. Its flagship product, Overlay + uses blockchain technology to create a trace of financial data and identity documents for compliance.
Keeping information secure has been one of the blockchain’s key selling points and is the center of attention Kyckr (ASX: KYK). Kyckr is a Know Your Customer (KYC) company that has developed a corporate identity blockchain service to help financial services firms meet their increasingly onerous identity obligations.
Mobile entertainment and digital media company Crowd Mobile (ASX: CM8) uses the blockchain to verify human involvement on social channels, starting with influencer marketing. Create proof of consumer engagement so influencers and fans can interact with social media content in more meaningful ways and can prevent interaction with fake bots and profiles.
Logistics company, Yojee (ASX: YOJ) is optimizing the logistics industry by using blockchain technology to make the supply chain transparent in combination with its artificial intelligence software. It has a blockchain deal with UPS and a substantial services deal with a global freight forwarder.
Go into the water
There is also a whole host of companies that have their feet in the water through partnerships or integrating part of their business, but have not made blockchain the centerpiece of their operations.
- Mobecom (ASX: MBM) says it is using blockchain in its platforms to improve security.
- Fintech Novatti (ASX: NOV) has integrated its payment platform with The Stellar Network, a blockchain payment and asset transfer platform. The Novatti platform can be used to accept and settle payments.
- Currently suspended, By Ookami (ASX: OOK) business model is to “develop an ecosystem of advanced Fintech and Software as a Service (SaaS) technological solutions that include” smart contracts “and blockchain technologies”
- Property Connect (ASX: PCH) is developing blockchain software for real estate transactions.
At a safe distance
There are also a number of companies with one foot in the water with cryptocurrency projects.
- DigitalX (ASX: DCC), a blockchain and ICO consulting firm;
- Fatfish (ASX: FFG) is a technology investment company focused on investments in blockchain and cryptocurrency projects;
- Financial Change (ASX: CCA) holds shares in the blockchain and cryptocurrency business IvyProject and agrees to develop a blockchain and cryptocurrency technology.
At Stockhead, let’s say it as it is. Although Security Matters is a Stockhead advertiser, it did not sponsor this article.
