How are the 10 Largest Blockchain Enterprises Successfully Transforming Industries in 2023?

blockchain enterprises

Most read

Loading Most Ready posts..

The blockchain revolution has transformed the way we exchange, store, and secure information. Cryptocurrency adoption is becoming more widespread, with individuals around the world investing in digital assets to diversify their portfolios. Non-fungible tokens (NFTs) are providing unprecedented opportunities for artists and collectors to capitalize on their creativity and share it with a global audience. 

Meanwhile, the emergence of Web 3.0 is ushering in a new era of decentralized applications (dApps) and a flourishing blockchain ecosystem that is more secure and transparent than ever before.

Blockchain enterprises are companies that utilize blockchain technology to provide innovative solutions and services to businesses and consumers. Blockchain technology is a decentralized digital ledger that enables secure and transparent record-keeping and transactions without the need for intermediaries such as banks or governments.

Blockchain enterprises have gained popularity in recent years due to their potential to revolutionize various industries and disrupt traditional business models.

These enterprises are involved in a variety of fields, including finance, healthcare, supply chain management, and more. While some have experienced significant success, others have faced challenges due to regulatory uncertainties, lack of trust in cryptocurrency assets, and competition from established players in their respective markets.

Blockchain Technology: Growth and Potential

Blockchain technology gained significant attention due to Bitcoin, but its potential extends beyond cryptocurrency. Despite its energy usage and speed issues, an increasing number of businesses are recognizing the importance of blockchain in transforming their operations.

In 2020, the global blockchain market saw significant growth, and it is expected to continue to grow over the next ten years. The banking industry has invested the most in blockchain technologies, but various other sectors are adopting blockchain solutions.

According to MarketsandMarkets Research, the blockchain market grew by 10.27% in 2020. The size of the global blockchain market is expected to grow from $3 billion in 2020 to $39.7 billion by 2025, as per Cision PR Newswire. This growth can be attributed to North America, which contributed 46% of the growth of the global blockchain technology market. In the US and Canada, government organizations have adopted blockchain solutions, leading to this growth, according to Business Wire.

As of February 2021, there were 620.369 million transactions on the blockchain, according to Blockchain.com. Worldwide spending on blockchain solutions is forecast to reach $17.9 billion by 2024, growing at a compound annual growth rate (CAGR) of 46.4%, as per IDC. Experts predict that blockchain will boost global GDP by $1.76 trillion by 2030, equivalent to 1.4% of global GDP, as reported by PricewaterhouseCoopers.

With its ability to enhance security and privacy, the blockchain industry has created new opportunities and possibilities for businesses and the economy. The Business Research Company has projected significant growth for the global blockchain services market, from $3.28 billion in 2022 to $4.7 billion in 2023, and is expected to reach a massive $19.76 billion by 2027. This highlights the increasing demand for blockchain services and the potential for significant growth in the industry.

Blockchain Enterprises: Successes and Challenges in 2023

In 2023, there are a number of blockchain enterprises that have experienced success. These include Bitcoin-based businesses such as exchanges and wallets, Ethereum smart contract development platforms, enterprise solutions for regulated industries such as banking and healthcare, and tokenized marketplace projects. Many of these businesses have seen strong growth due to the increasing demand for blockchain technology among companies and consumers.

There are a few successful blockchain apps worth mentioning. One is IBM Food Trust, which has processed over 18 million transactions for over 17,000 different products. Another example is the Blockchain Community Initiative in Thailand, which serves 22 Thai banks by providing support for services like payment obligations and enterprise auctions.

On the other hand, some enterprises have experienced difficulties due to regulatory uncertainty, lack of trust in cryptocurrency assets, or competition from well-established incumbents in their respective markets. These include blockchain businesses focused on non-fungible tokens (NFTs), decentralized finance (DeFi) projects, and security token offerings (STOs). These struggling companies have wiped out about $630 billion of wealth. 

Measures for Survival of Blockchain Enterprises

As the world becomes increasingly digital, the demand for blockchain technology is growing. There are numerous blockchain trends that could help your business succeed in 2023. Let’s take a look at some of them:

Decentralized Applications

Blockchain technology is expected to expand significantly in the area of decentralized applications, or “DApps.” Software applications known as DApps operate on a decentralized network such as a blockchain. They are frequently open-source, which means that anyone can build on them and make improvements.

ICOs (initial coin offerings) are on the rise

The rise of initial coin offerings (ICOs) is yet another significant development in the blockchain industry. Businesses raise money through an ICO by selling digital tokens in exchange for investment capital. In comparison to more conventional approaches like venture capital funding, initial coin offerings (ICOs) offer a quicker and simpler method of funding.


Cryptocurrencies are gaining popularity and will continue to do so. Bitcoin is the most well-known and established cryptocurrency, with a market capitalization of more than $100 billion. However, there are numerous other kinds of cryptocurrencies, including Ripple, Ethereum, and Litecoin.

Cryptocurrencies are digital or virtual tokens that control the creation of new units and use cryptography to secure their transactions. Because they are decentralized, cryptocurrencies are not controlled by governments or financial institutions.

Decentralized Finance (DeFi)

One of the most popular developments in the blockchain industry is decentralized finance or DeFi. Users can trade cryptocurrencies and other assets on DeFi platforms without having to go through a central authority. Transactions can be made more quickly and safely as a result of this.

Enterprise Blockchain

Enterprise blockchain is a type of distributed ledger technology that allows businesses to securely and directly share data and carry out transactions. Supply chain management, KYC/AML compliance, and other business-to-business applications frequently make use of this kind of blockchain.


Businesses can develop and host their very own blockchain applications using BaaS platforms without having to invest in the infrastructure or resources necessary to construct and maintain a blockchain network. The need for businesses to concentrate on their core competencies while outsourcing IT providers manage the underlying technology and the rising demand for blockchain applications are driving this trend.


As digital life extends beyond the physical world and into the digital world, so too does the need for a secure and decentralized platform on which to conduct business. One of the most promising aspects of blockchain technology is the Metaverse, which serves as an excellent illustration of this trend.

Smart Contracts

One of the most promising developments in blockchain technology is the use of smart contracts. Smart contracts make it possible for parties to carry out agreements and transactions without the need for a third party. Not only does this make transactions run more smoothly, but it also cuts down on the costs of using traditional contract law.

Advanced Cryptography

Advanced cryptography is a major trend in blockchain technology. Cryptography is the study of secure communication with third parties. Blockchain technology makes use of cutting-edge cryptography to safeguard user data and guarantee the security of its transactions.

Private Cryptocurrency

A distributed database known as a private blockchain is accessible only to a select group of individuals. The administrators of a private blockchain network can be familiar with and rely on the members. In organizations where data must be shared among parties without being made public, private blockchains are frequently utilized.

Blockchain technology has numerous applications in various fields, including finance, supply chain management, and even digital life. These blockchain trends are expected to help businesses succeed in 2023, and keeping up with them will be essential for any organization that wants to stay ahead of the curve.

How do blockchain enterprises sell public shares?

In the case of blockchain enterprises, public shares can be issued and sold through Initial Public Offerings (IPOs). An IPO is a process where companies offer their publicly traded shares to investors in exchange for funds. 

This process involves registering with the necessary regulatory authorities, disclosing information about the company’s operations and finances, and creating a prospectus that outlines the company’s business and financial objectives. After the IPO, investors can buy and sell shares in the open market.

How to sell blockchain enterprises to the public

  • Create a solid business plan: Before launching an ICO, the blockchain enterprise needs to have a well-defined business plan that outlines the company’s goals, objectives, and how it plans to achieve them.
  • Build a strong team: The blockchain enterprise should have a strong team with a diverse set of skills and expertise in areas such as technology, finance, and marketing.
  • Develop a white paper: A white paper is a document that outlines the technical details and benefits of the blockchain enterprise. It should be well-written and clearly explain the value proposition of the company.
  • Choose the right blockchain platform: The blockchain platform on which the ICO will be launched is critical to the success of the ICO. The platform should have a strong user base and be reliable and secure.
  • Market the ICO: The blockchain enterprise should develop a comprehensive marketing strategy to promote the ICO. This can include social media campaigns, email marketing, and advertising.
  • Conduct a legal review: The blockchain enterprise should ensure that the ICO complies with all relevant regulations and laws in the country where it will be launched.
  • Launch the ICO: Once all the above steps are complete, the blockchain enterprise can launch the ICO and begin selling tokens to the public.

Besides IPOs, blockchain enterprises may also look into other methods of raising funds such as tokenized securities offerings (TSOs). TSOs involve issuing digital tokens to investors in exchange for funds.

Comments by industry financial influencers

According to Gartner, the business value attributed to a blockchain is estimated to reach $176 billion by 2025 and is expected to increase to $3.1 trillion by 2030.

Outlier Ventures says that over the first half of 2019, blockchain-based startups raised $822 million from 279 separate venture capital deals, with 159 investments made through seed rounds. Major investors in the blockchain space include Sequoia Capital, Andreessen Horowitz, Digital Currency Group, Pantera Capital, and Boost VC.

For example, JP Morgan has implemented blockchain technology to simplify the procedure of handling international payments. Around 300 banks are interested in becoming a part of Liink, JP Morgan’s blockchain-based information network, which allows the real-time transfer of information across the globe.

Michael Saylor (@saylor) – With over 3 million followers on Twitter, Saylor is known for providing daily updates on Bitcoin news and updates. He began investing in Bitcoin as the chairman of MicroStrategy Incorporated (MSTR), one of the first institutional buyers.

Andreas M. Antonopoulos (@aantonop) – Antonopoulos is well known for sharing his insights on cryptocurrency and explaining the basics of blockchain technology. Although he has publicly stated that he no longer posts on Twitter, he still has 317,000 subscribers on YouTube and frequently goes live to answer questions about what’s happening in the crypto space.

Ben Armstrong (@BitBoy_Crypto) – Armstrong is best known for his BitBoy Crypto YouTube channel, with 1.45 million subscribers. He provides updates on what’s new in the cryptocurrency investing space and frequently does live streams.


According to various reports, the blockchain market has seen significant growth in recent years and is expected to continue to grow in the coming years. Some successful blockchain enterprises include Bitcoin-based businesses such as exchanges and wallets, Ethereum smart contract development platforms, enterprise solutions for regulated industries such as banking and healthcare, and tokenized marketplace projects. 

Some enterprises that have faced challenges include those focused on non-fungible tokens (NFTs), decentralized finance (DeFi) projects, and security token offerings (STOs).

To survive in the blockchain industry, businesses may consider expanding into decentralized applications (DApps), exploring initial coin offerings (ICOs), gaining trust in cryptocurrencies, and tapping into the growing popularity of decentralized finance (DeFi). However, it is important to note that investing in blockchain or any other asset carries risks and should be approached with caution.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Share link:

Micah Abiodun

Micah is a crypto enthusiast with a strong understanding of the crypto industry and its potential for shaping the future. A result-driven Chemical Engineer (with a specialization in the field of process engineering and piping design), Micah visualizes and articulates the intricate details of blockchain ecosystems. In his free time, he explores various interests, including sports and music.

Stay on top of crypto news, get daily updates in your inbox

Related News

Subscribe to CryptoPolitan