erik
December 2, 2024, 5:42am
1
Here is the updated table with company names hyperlinked to their websites:
Company Name
Description
Funding Raised (USD)
Focus Area
Civic Provides a blockchain-based identity management platform allowing individuals and businesses to control and protect personal identity information.
$43 million
Identity Verification and Management
Evernym Develops self-sovereign identity solutions enabling users to own and control their digital identities.
Over $10 million
Decentralized Identity
SelfKey Offers a self-sovereign identity system for users to manage their digital identity and access various services securely.
$22 million
Identity Management
Bloom Provides blockchain solutions for identity verification and credit scoring, empowering users with control over their financial data.
$40 million
Identity and Credit Scoring
Ontology A high-performance blockchain focusing on identity security and data integrity, enabling cross-chain collaboration.
Over $10 million
Identity and Data Integrity
Nym Technologies Builds infrastructure for privacy-enhanced internet using mixnets and anonymous credentials to protect user data.
Over $19 million
Privacy Infrastructure
Oasis Labs Offers a privacy-first cloud computing platform on blockchain, facilitating secure and private data sharing.
$45 million
Privacy and Secure Data Sharing
Secret Network Provides a privacy-focused blockchain platform that enables private smart contracts and confidential data computation.
Significant backing
Privacy
NuCypher Delivers encryption services and access control in decentralized networks, focusing on data privacy and security.
$4.4 million
Data Privacy and Encryption
Orchid Protocol A decentralized VPN and privacy tool that allows users to browse the internet privately and securely.
$43 million
Internet Privacy
Keep Network Acts as a privacy layer for Ethereum, allowing private data to be used on public protocols without compromising confidentiality.
$7.7 million
Privacy
Elastos Develops a blockchain-powered internet emphasizing identity management and data security, enabling a secure digital ecosystem.
$94 million
Secure Internet and Identity
Blockstack (Stacks) A decentralized computing network and app ecosystem that puts users in control of their identity and data through blockchain technology.
Over $75 million
Decentralized Apps and Identity
Sovrin Foundation Provides a decentralized identity network for secure and private digital identity management, operating as a non-profit organization.
Donations and Grants
Decentralized Identity
KYC-Chain Offers blockchain-based Know Your Customer (KYC) solutions for businesses to streamline identity verification processes securely.
Undisclosed
KYC and Identity Verification
Note: Funding amounts are approximate and based on publicly available information up to October 2023.
erik
December 2, 2024, 5:44am
2
Well-funded and popular blockchain startups focused on privacy and identity management:
Startup Name
Funding/Status
Focus Area
Monad $225M (2024)
Privacy-focused Layer 1 blockchain
Partior $80M Series B
Blockchain payments and identity
Rarimo $2.5M Vision Round
Privacy-first social protocol
SoluLab Established 2014
Digital identity management platforms
LeewayHertz Established 2007
Blockchain identity integration
Civic Established 2015
Identity management tools
Qila.io Raising $2M bridge round
Enterprise identity storage
1Kosmos Established 2016
BlockID platform
Blockchain Helix Established 2018
KYC processes
Story Active in market
Digital identity solutions
The global blockchain identity management market is projected to reach USD 35.1 Billion by 2028, with an impressive CAGR of 92.7%. These companies are at the forefront of developing solutions that leverage blockchain technology to enhance privacy and security while giving users control over their digital identities.
erik
December 2, 2024, 5:47am
3
Here is a list of popular or well-funded blockchain startups similar to Sam Altman’s Worldcoin project:
Company Name
Description
Funding Raised (USD)
Focus Area
Civic Provides a blockchain-based identity management platform allowing individuals and businesses to control and protect personal identity information.
$43 million
Identity Verification and Management
Humanode A blockchain network secured by biometric identification, ensuring one person equals one node, aiming for egalitarian governance and Sybil resistance.
Over $10 million
Biometric Identification and Consensus
KILT Protocol Offers a blockchain protocol for issuing self-sovereign, verifiable credentials, enabling users to have control over their digital identities.
$7.3 million
Decentralized Identity and Credentials
Concordium A public, proof-of-stake blockchain with an embedded identity layer, providing privacy while ensuring regulatory compliance.
Over $52 million
Identity and Compliance
Ontology A high-performance blockchain focusing on identity security and data integrity, enabling cross-chain collaboration.
Over $10 million
Identity and Data Integrity
BrightID A decentralized identity verification network designed to prove uniqueness without disclosing personal information, combating Sybil attacks.
Over $3 million
Unique Identity Verification
Idena A blockchain network based on proof-of-person consensus, requiring participants to prove their humanness and uniqueness through AI-resistant tests.
Community Funded
Proof-of-Person Blockchain
uPort Provides decentralized identity solutions allowing users to own and control their identity and personal information securely.
Part of ConsenSys
Decentralized Identity
NuID Utilizes zero-knowledge proofs to create a decentralized authentication and digital identity ecosystem without centralized passwords.
$2.5 million
Zero-Knowledge Authentication
Blockstack (Stacks) A decentralized computing network and app ecosystem that puts users in control of their identity and data through blockchain technology.
Over $75 million
Decentralized Apps and Identity
Note: Funding amounts are approximate and based on publicly available information up to October 2023.
erik
December 2, 2024, 5:48am
4
Here are the notable blockchain startups similar to Worldcoin focusing on digital identity and biometric verification:
Company Name
Funding/Status
Key Features
Lifeform $300M Series B
Hyper-realistic 3D avatars, visual DID protocols
Polygon ID Well-established
Zero-knowledge proofs, passwordless login system
Space ID Active in market
Cross-chain identity management, universal namespace
Galxe Well-funded
Identity protocol, credential issuance platform
Civic Established
Multi-chain identity verification, 200+ country coverage
SelfKey Active
Blockchain-based identity management platform
Didit Well-funded
Document verification, facial recognition, AML screening
The global blockchain identity management market is expected to reach USD 35.1 Billion by 2028, with a CAGR of 92.7%[5]. These platforms are pioneering various approaches to digital identity verification, with some key differences from Worldcoin’s biometric-focused model:
Technology Focus : While Worldcoin uses iris scanning through their “Orb” device, these alternatives employ various methods from document verification to zero-knowledge proofs[2][3].Geographic Reach : Many of these platforms offer services in over 200 countries, providing more comprehensive coverage than Worldcoin’s current deployment[4].Regulatory Compliance : These platforms generally face fewer regulatory hurdles compared to Worldcoin’s biometric approach[4].