Blockchain technology may be used for identity applications in a range of non-financial contexts, including digital identities, passports, e-residency, birth certificates, marriage certificates, IDs, online account logins, etc. People can have more control over who has access to and who possesses their personal information by establishing an identity on the blockchain. A digital ID that can be linked to any online asset transaction and used as a digital watermark may be made by fusing the decentralized identity verification blockchain concept with identity verification.
Identity management has been difficult since the main risk is data theft or leaking. With its distributed trust architecture, blockchain technology can assist in restoring total power to consumers. Recently, there has been a significant demand for blockchain development businesses.
A number of businesses are joining the market in response to the growing need for identity verification blockchain management services. These entrepreneurs have been putting a lot of effort into addressing the market’s need for services and providing suitable solutions based on the particular needs of companies. In this blog, we will have a look at the top 25 blockchain digital identity companies that have had an impact on the market.
So, let’s get started!
Evaluation Criteria
Several criteria should be considered when evaluating top blockchain identity verification blockchain companies to make an informed decision. Here are some evaluation criteria to help you choose the right blockchain-based startups:
1. Security and Privacy: Assess the startup’s security measures and privacy protocols. Look for features like encryption, decentralized storage, and user-controlled data sharing. Strong security measures should protect users’ personal information from unauthorized access and ensure data integrity.
2. Scalability and Performance: Evaluate the scalability and performance capabilities of the startup’s identity verification blockchain solution. Consider factors such as transaction throughput, network latency, and the ability to handle a growing user base. A robust and scalable infrastructure is crucial for managing large-scale identity management operations.
3. Interoperability: Determine the startup’s approach to interoperability, which refers to the ability to connect and interact with other systems and platforms. An ideal blockchain for identity management solution should be able to seamlessly integrate with existing identity frameworks and standards, ensuring compatibility and smooth data exchange.
4. User Experience: Consider the user experience offered by the startup’s identity management solution. A user-friendly interface, intuitive workflows, and easy access to identity-related functions are essential for widespread adoption. Look for identity on the blockchain startups that prioritize user-centric design and provide a seamless onboarding process.
5. Governance and Compliance: Evaluate how the startup addresses governance and compliance requirements. Check if they adhere to relevant regulations, such as data protection laws like GDPR, and have mechanisms to ensure compliance. Transparent governance models and clear accountability frameworks are crucial for establishing trust in the identity management ecosystem.
6. Partnerships and Ecosystem: Assess the startup’s partnerships and engagement within the broader blockchain identity verification and identity management ecosystem. Consider if they collaborate with other industry players, such as technology providers or government organizations, to enhance their solution’s functionality and credibility. A strong ecosystem presence indicates a startup’s commitment to driving industry-wide innovation and adoption.
Interested? Here are the Top 25 Blockchain-Based Identity Management Startups in 2024.
1. SoluLab
SoluLab stands at the forefront of decentralized identity companies, pioneering innovative solutions in blockchain-based identity management. Leveraging its deep expertise in blockchain technology, the company offers secure and decentralized platforms that address the limitations of traditional identity management systems. By harnessing the inherent qualities of blockchain such as immutability and transparency, SoluLab's experienced developers and consultants craft robust solutions that ensure data integrity and user privacy.
SoluLab’s advanced approach not only mitigates security risks but also enhances user control over their personal information. Its commitment to innovation empowers businesses and individuals alike with resilient identity management solutions, fostering trust and reliability in the digital landscape. Through their dedication to leveraging blockchain's potential, SoluLab continues to lead the charge in revolutionizing identity management for a more secure and decentralized future.
2. Hu-manity.co
Hu-manity.co stands as a frontrunner among digital identity companies, offering advanced software driven by artificial intelligence. This innovative technology enables the creation, comprehension, and comparison of legal language within data-related contracts, facilitating clear governance of data practices across multiple entities. By leveraging AI capabilities, Hu-manity.co's software ensures a thorough understanding of complex legal terms, empowering institutions to establish transparent and trustworthy data agreements.
Institutions worldwide rely on Hu-manity.co's software to restore faith in digital technologies, fostering a climate of transparency and accountability. With a focus on enhancing data governance and privacy, Hu-manity.co enables organizations to maneuver through the intricacies of data-related contracts with confidence. By providing robust tools for legal comprehension and comparison, Hu-manity.co advances the mission of establishing ethical and secure data practices in the digital age.
$50-$70
10-49
2018
Princeton, USA
Forbes, Fox
3. Evernym
Evernym is a pioneering blockchain identity management startup dedicated to empowering organizations in cultivating trusted digital relationships globally. Through their software and applications, Evernym facilitates the development of secure and reliable connections, underpinned by blockchain technology. The company's mission extends beyond mere transactions, aiming to establish decentralized human rights and sovereign laws on the blockchain, fostering a paradigm shift in digital governance.
Central to Evernym's ethos is the protection of personal data from unauthorized access and exploitation. Whether it's sensitive geospatial data, spending habits, or medical history, Evernym prioritizes safeguarding individuals' privacy and ensuring data integrity. By leveraging blockchain's inherent properties, Evernym equips organizations with the tools needed to uphold ethical data practices and combat illicit data propagation, thereby laying the foundation for a more secure and transparent digital ecosystem.
$55-$90
50-249
2013
Salt Lake City, USA
T-Mobile, SITA, World Wide Web Consortium (W3C)
4. Edge
As one of the leading blockchain digital identity companies, Edge offers a robust platform for users to engage in cryptocurrency transactions securely and privately. Through their mobile app, users can easily buy, sell, and trade various cryptocurrencies, ensuring high levels of security and privacy throughout the process. With support for leading cryptocurrencies, Edge provides a diverse selection of assets for trading, catering to the needs of both novice and experienced traders alike.
Beyond cryptocurrency transactions, Edge empowers individuals to take control of their online data through the development of proprietary tools, software, and systems. By prioritizing data security and privacy, Edge equips users with the means to safeguard their information in an increasingly digital world. Through its commitment to innovation and user-centric design, Edge continues to redefine the standards for secure and private cryptocurrency transactions, establishing itself as a trusted partner in the blockchain space.
$150-$199
10-49
2013
San Diego, USA
Atari, Ethereum Classic, Ravencoin
5. Fractal
Fractal is an open-source zero-margin protocol that defines a basic standard to exchange user information fairly and openly, ensuring a high-quality free internet version. They’ll automate critical mechanisms using blockchain technology from know-your-client (KYC) and anti-money laundering (AML) processes to data protection, security, and identity management.
$100-$149
250-999
2000
New York City, USA
Google, Disney, Spotify
6. Metadium Technology
Metadium is a next-generation blockchain protocol designed to create a decentralized identity ecosystem with the real-world introduction of Self-Sovereign Identity, the concept that individuals own all aspects of their identity offline and online.
$150-$199
50-249
2018
San Francisco, CA
Pepsi, CEAT
7. Civic Technologies
Civic stands out as a top-tier provider among decentralized identity companies, offering innovative identity management tools tailored for the Web3 environment. Their platform empowers individuals to seamlessly and privately manage their identities across multiple blockchain networks, incorporating an on-chain representation of their reusable identity. With Civic's solutions, users gain unprecedented control over their digital identities, ensuring privacy and security in an increasingly decentralized world.
Central to Civic's suite of offerings is their flagship product, Civic Pass, which serves as an integrated per-missioning tool. Designed to meet the needs of business customers, Civic Pass enables secure access to on-chain assets, providing a streamlined and trustworthy solution for identity verification. By leveraging blockchain technology, Civic is at the forefront of revolutionizing identity management in the Web3 era.
$70-$80
50-249
2015
San Francisco, USA
TokenSoft, Ankr, TradeBlock
8. Validated ID
Validated ID brings real identities to the digital world by helping businesses send and sign documents online and identify users and clients with maximum efficiency, security, trust, and legal compliance. With VIDsigner, we offer a SaaS multichannel electronic signature platform that combines the security of cryptographic technology, biometrics, and easy use from email certification to website and mobile integrations, smartcards, and handwritten in-person signing.
$50-$65
10-49
2012
Barcelona, Spain
Ministry of Defense (Spain), European Space Agency
9. TheKey
THEKEY revolutionizes identity verification with its blockchain-powered tool, leveraging Blockchain-based dynamic multidimensional identification (BDMI) to authenticate individuals' identities. By harnessing the power of blockchain technology, THEKEY ensures a robust and secure authentication process, providing assurance that individuals are indeed who they claim to be. This innovative approach to identity management aligns seamlessly with the stringent requirements of government agencies, offering a level of authentication that meets and exceeds regulatory standards.
Through BDMI, THEKEY establishes a dynamic and comprehensive framework for identity verification, bolstering trust and security in online interactions. By incorporating blockchain technology into identity management, THEKEY not only enhances the efficiency of authentication processes but also ensures the integrity and immutability of identity data. With its blockchain for identity management solution, THEKEY sets a new standard for secure and reliable identity verification in the digital age, paving the way for enhanced trust and transparency in online transactions and interactions.
$45-$55
50-249
2016
Beijing, China
Chinese Government, Alibaba, China Mobile
10. Nuggets
Nuggets stand out as a multi-award-winning platform at the forefront of blockchain identity management, offering a self-sovereign verified digital identity and payment solution. This innovative platform provides users with a reusable and interoperable ID, transcending traditional boundaries to seamlessly navigate across Web 2.0, Web3, and the Metaverse. Nuggets' merit-based identity travels with individuals, offering proof of identity and access rights in various digital environments.
Beyond identity verification, Nuggets also serves as a non-custodial cache for users' digital assets, ensuring security and control over their valuable possessions. By leveraging blockchain technology, Nuggets empowers users to manage their identities and assets with autonomy and confidence, ushering in a new era of trust and convenience in the digital landscape. With its comprehensive suite of features, Nuggets sets a new standard for secure and user-centric blockchain identity management solutions.
$75-$90
10-49
2016
London, UK
Zara, H&M
11. Hub
Hub is a blockchain-based trust protocol that aims to make user reputations deployable across the web. On the freewheeling internet, opinions are spat out at no cost to the speaker’s reputation. Hub wants to bring accountability back to the digital world. By decentralizing reputation data using blockchain, the idea is to establish greater value for users whose opinions warrant greater trust.
$100-$149
50-249
2014
San Francisco, USA
Netflix, Target, Slack
12. Vetty
Vetty stands as a leading force in the realm of blockchain identity management startups, leveraging advanced technology to transform digital interactions for businesses and individuals alike. With a steadfast commitment to innovation, Vetty pioneers solutions that empower users to seize control of their identities and revolutionize the recruitment process. By harnessing the power of blockchain, Vetty establishes a secure and transparent ecosystem where identity verification and background screening are streamlined, enhancing trust and efficiency for all stakeholders involved.
At the forefront of blockchain identity management, Vetty's platform offers unparalleled features and capabilities, facilitating seamless integration of identity verification and background screening processes. Through its user-centric approach, Vetty ensures compliance and security while fostering a more inclusive and equitable recruitment environment. As a top startup in the field, Vetty continues to push boundaries, driving forward the evolution of digital identity solutions for the modern age.
$45-$65
10-49
2015
Los Angeles, USA
Trestle Labs, Nokia
13. 1Kosmos
Kosmos emerges as a pioneering force in the identity management blockchain companies, spearheading inno