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These ASX blockchain companies are leading the distributed ledger race

There are multiple companies on the ASX that have blockchain as part of their operations.

Some have embraced blockchain more than others – making it a core part of their solution. Some have even dipped their toes in the water and backed away.

So which companies have doubled down on the technology? And what disruptions are they using it for?

And what companies appear to only have their toe in the water?

Here’s a list of ASX blockchain companies.

Dedicated ASX blockchain companies

Security Matters (ASX:SMX) is using its technology to track and trace the supply chain.

Its technology invisibly marks any solid, liquid or gas using a chemical-based barcode.

This can then be “read” using a unique proprietary reader, allowing the product to be tracked throughout the supply chain. The information is all stored on the blockchain, ensuring absolute security and transparency globally.

It is collaborating on a number of projects including addressing plastic contamination in the agriculture industry, embedding its markers into seeds to provide product protection of seeds throughout the supply chain, a trial with an identity solutions provider to enhance the security and reliability of identity documents, and is investigating using its technology in the mining industry to ensure ethical supply.

Identitii (ASX:ID8) is addressing the challenge of helping banks and corporates know more about their transactions and counter-parties in real-time. Its flagship product, Overlay+ uses blockchain technology to create a trail of financial data and identity documents for compliance.

Keeping information secure has been one of the key selling points of blockchain, and is front of mind for Kyckr (ASX:KYK). Kyckr is a Know Your Customer (KYC) company that has developed a corporate identity blockchain service to help financial services companies meet their increasingly onerous identity obligations.

Mobile entertainment and digital media company Crowd Mobile (ASX:CM8) is using blockchain to verify human engagement on social channels, starting with influencer marketing. It creates a Proof of Engagement from consumers, so that influencers and fans can engage with social media content in more meaningful ways and can prevent interaction with bots and fake profiles.

Logistics company, Yojee (ASX:YOJ) is optimising the logistics industry by using blockchain technology to make the supply chain transparent in combination with its Artificial Intelligence software. It has a blockchain agreement with UPS as well as a substantial services agreement with a global freight forwarder.

Toe in the water

There is also a whole host of companies that have their toe in the water through partnerships or integration into part of their business – but have not made blockchain the core focus of their operations.

  • Mobecom (ASX:MBM) says it is using blockchain in its platforms to enhance security.
  • Fintech Novatti (ASX:NOV) has integrated its payments platform with The Stellar Network, a blockchain-payment and asset transfer platform. Novatti’s platform can be used to accept and settle payments.
  • Currently in suspension, Ookami’s (ASX:OOK) business model is to “develop an ecosystem of advanced Fintech and Software as a Service (SaaS) technology solutions encompassing ‘smart contracts’ and blockchain technologies”
  • Property Connect (ASX:PCH) is developing blockchain software for property transactions.

At arm’s length

There are also a number of businesses with a toe in the water with cryptocurrency projects.

  • DigitalX (ASX:DCC), a blockchain consulting and ICO advisory firm;
  • Fatfish (ASX:FFG) is a tech investment firm that is focused on investments in blockchain and cryptocurrency projects;
  • Change Financial (ASX:CCA) holds equity in blockchain and cryptocurrency business IvyProject and is in agreement to develop a blockchain and cryptocurrency technology.

 

At Stockhead, we tell it like it is. While Security Matters is a Stockhead advertiser, it did not sponsor this article.

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