CB Insights’ ‘Fintech 250’ Includes Several Prominent Blockchain Companies

CB Insights is a market intelligence company that uses a mix of proprietary technology and direct data submissions to provide actionable business intelligence to its customers. The firm previously received backing from the National Science Foundation ($1.15 million) and venture capital investors ($10 million) to develop its exclusive software.

Founded in 2008, the New York-based information and analysis firm recently released “The Fintech 250,” a compilation of 250 influential companies that are leveraging new technologies to transform financial services. This new trend in finance, known as FinTech, is the result of the financial space being uniquely primed for a revolution predicated upon the digitization of our money.

To arrive at their findings, CB Insights uses a proprietary machine-learning technology called “The Cruncher,” alongside thousands of direct data from firms and individual professionals who submit their exclusive data via CB Insight’s “The Editor.” Terabytes of data from a plethora of sources are scrutinized to produce CB Insights’ results, which include blockchain-based businesses like: Blockstack Labs, Blockstream, Xapo, Coinbase, Brave, bitFlyer, Digital Asset Holdings, Factom, Polychain Capital, Chain, and Ripple Labs (which doesn’t use a blockchain, per se, but does use a distributed ledger).   

Regardless of how finance continues to evolve along its digital trajectory, parallel technologies like the blockchain will most likely continue to disrupt it along its way. Depending on how you look at blockchain, its chief conferral to finance is either the cryptocurrencies it supports, or the enhanced accounting capability it offers as a decentralized ledger. Both use cases are being explored by several companies listed in Fintech 250.

Arieh Levi, a CB Insights intelligence analyst in financial services told ETHNews:

“Major cryptocurrencies could fundamentally disrupt traditional financial systems and institutions, as evidenced by bitcoin’s whitepaper-outlined use case as a decentralized peer-to-peer currency. At the same time, private blockchains and consortia are focused on integrating blockchain technology into existing FinTech players to streamline back-office processes. We have seen private blockchains and consortia encounter difficulties, but continue to see strong corporate investment trends and an increasing number of pilots, indicating sustained corporate interest.”