Top 25 Blockchain-Based Identity Management Startups

Top 25 Blockchain-Based Identity Management Startups

Top 25 Blockchain-Based Identity Management Startups

Table of Contents

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 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 blockchain identity 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 identity management blockchain companies to make an informed decision. Here are some evaluation criteria to help you choose the right blockchain-based startups:

  • 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.
  • Scalability and Performance: Evaluate the scalability and performance capabilities of the startup’s 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.
  • Interoperability: Determine the startup’s approach to interoperability, which refers to the ability to connect and interact with other systems and platforms. An ideal identity management solution should be able to seamlessly integrate with existing identity frameworks and standards, ensuring compatibility and smooth data exchange.
  • 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 startups that prioritize user-centric design and provide a seamless onboarding process.
  • 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.
  • Partnerships and Ecosystem: Assess the startup’s partnerships and engagement within the broader blockchain 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.

$25-$49

50-249

2014

Los Angeles, CA, USA

Disney, Microsoft, Georgia Tech

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 innovative solutions to combat the vulnerabilities of traditional identification systems. At the core of their offerings lies BlockID, an advanced identity management platform driven by blockchain technology. Unlike conventional identification methods prone to duplication and manipulation, BlockID revolutionizes the approach by providing a secure digital locker for individuals' identifiers, housed within their mobile devices.

By harnessing blockchain's immutable and transparent nature, 1Kosmos revolutionizes the way identities are managed, ensuring heightened security and privacy for users. Through BlockID, the company shifts the paradigm away from physical copies of identification towards a digital-first approach, safeguarding against identity theft and unauthorized access. With its forward-thinking solutions, 1Kosmos sets a new standard for identity management, paving the way for a more secure and trustworthy digital ecosystem.

$90-$130

50-249

2016

Somerset, USA

Google, Facebook

CTA 2

14. Velix.ID

Velix.ID is a platform to enable frictionless identity verification across the globe. The contemporary identity verification methods take too long to process, incur a massive financial loss for both businesses & individuals, and often compromise the user's personal information.

$78-$150

11-50

2017

Singapore

Accenture, Deloitte, PwC

15. DIW

DIW presents a decentralized identification infrastructure designed to enable users to access various dApps securely without compromising their identity. Within the DIW ecosystem, users can store a wide range of identifying information and documents, including passwords, banking details, wills, and other crucial digital data, all encrypted and securely maintained as a digital locker for their most important information.

As part of the identity management blockchain companies, DIW emphasizes security and privacy, granting users complete control over their digital identities. Leveraging blockchain technology, DIW ensures transparency and immutability, fostering trust and reliability in managing sensitive information. With its innovative solution, DIW provides a secure and decentralized platform for accessing dApps while upholding user privacy and security.

$147-$369

11-50

2017

Limassol, Cyprus

Siemens, Bosch, Daimler

16. Blockchain HELIX

Blockchain Helix strives to establish itself as the cornerstone of digital identity, aiming to streamline and enhance digital Know Your Customer (KYC) processes. By leveraging blockchain technology, Blockchain Helix endeavors to reduce costs and enhance the quality of digital KYC procedures. Accredited institutions can securely share KYC data through the Blockchain Helix platform, thereby minimizing the time and expenses typically associated with client authentication.

An exemplary demonstration of Blockchain Helix's capabilities lies in its Trust Provider Network, where two banks can seamlessly exchange KYC data. This network facilitates secure data sharing among accredited institutions, promoting efficiency and trust in the digital identity ecosystem. As a leading player among blockchain digital identity companies, Blockchain Helix paves the way for a more seamless and secure digital identity verification process, benefiting both institutions and individuals alike.

$45-$63

11-50

2018

Frankfurt, Germany

Deutsche Bank, Commerzbank, Allianz

17. Persona

Persona represents the solution for identity management, aligned with the latest data protection regulations. Its scope is to empower individuals and grant them control over their data and the means to secure access to their private details. Persona is a zero-knowledge identity management system built on the blockchain.

$120-$200

11-50

2017

San Francisco, USA

Apple, Microsoft, Intel

18. NuID

NuID is a pioneer in trustless authentication and decentralized digital identity. The NuID platform leverages zero-knowledge cryptography to eliminate businesses needing to store passwords and other authentication credentials. They aim to end mass credential breaches by returning data ownership to the individual.

$72-$450

11-50

2017

Boston, USA

Visa, American Express, Mastercard

19. SelfKey Foundation

SelfKey is a blockchain-based self-sovereign identity ecosystem that empowers individuals and companies to find more freedom, privacy, and wealth through fully owning their digital identity. SelfKey enables an identity wallet with which individuals and companies can control and manage their data, securely manage their cryptocurrency portfolio, and easily and painlessly onboard onto financial, immigration, and cryptocurrency-related services.

$54-$85

11-50

2017

Singapore

HSBC, Standard Chartered, Barclays

20. Bureau

Bureau is a first-of-its-kind trust network that delivers unprecedented trust and security to businesses and consumers. Think of a one-stop platform that helps companies to automate their decisions, prevent fraud, and power seamless user experiences. Bureau provides an accurate and comprehensive picture of your customers so you can confidently transact without fear of fraud.

$14-$54

11-50

2014

London, UK

Meta, Apple

21. AyanWorks

AyanWorks specializes in offering Blockchain Consulting & Solutions, Outsource Product Engineering, and UI/UX Modernization services to clients across diverse domains worldwide. With a global footprint, AyanWorks caters to the evolving needs of businesses by providing tailored solutions that leverage cutting-edge technologies.

The company's focus on emerging technologies, particularly around Blockchain, underscores its commitment to staying at the forefront of innovation. As one of the leading blockchain digital identity companies, AyanWorks enables clients to harness the power of blockchain technology to enhance security, transparency, and efficiency in various processes. By offering comprehensive services that span consulting, product engineering, and UI/UX modernization, AyanWorks empowers businesses to adapt to the digital age and thrive in an increasingly interconnected world.

$71-$85

11-50

2012

Pune, India

Netflix, Amazon

22. TRM Labs

TRM Labs stands as a leading blockchain intelligence company, dedicated to assisting financial institutions, crypto businesses, and government agencies in detecting and investigating crypto-related financial crimes and fraud. Leveraging advanced technologies and expertise in data engineering, data science, and threat intelligence, TRM Labs tackles challenges daily to advance its mission of building a safer financial system for billions of people.

With a focus on enhancing security and trust within the blockchain ecosystem, TRM Labs plays a pivotal role in combating financial crimes and fraud. As decentralized identity companies continue to navigate the evolving landscape of digital finance, TRM Labs remains at the forefront, providing essential tools and insights to safeguard against illicit activities. By empowering stakeholders with robust solutions and actionable intelligence, TRM Labs contributes to fostering a more secure and transparent financial environment for all.

$45-$89

11-50

2018

San Francisco, USA