Since its inception, blockchain – the distributed ledger software behind cryptocurrencies like bitcoin – has drawn sceptics. But in today’s digital world, the ever-important need for greater business efficiency, transparency and security means interest in the technology is rife. As we build the blocks for a decentralised world, global blockchain spending is projected to account for almost $2.9 billion in 2019, up 88.7% from 2018, according to a report from US-based market research firm International Data Corporation. A 2015 World Economic Forum report predicted that by the year of 2025, 10% of GDP will be converted and stored on blockchain or blockchain-related technology.
With a portfolio of nine blockchain companies, including two pure-token investments, innogy Innovation Hub is the largest institutional blockchain venture capital firm in Europe.
Our investments in the field include:
Energy Web Foundation – has developed an enterprise-grade blockchain platform tailored to the sector’s regulatory, operational and market needs together with over 100 Affiliate Members.
BigchainBD – is a database with blockchain characteristics that supports high throughput and powerful query functionalities.
Neufund – a community-owned platform that aims to revolutionise the fundraising mechanism. Through the use of blockchain technology and smart contracts, start-ups can tokenise their equity on the Neufund platform and become publicly tradable.
Share & Charge – a provider of open and interoperable infrastructure for electric vehicle charging poles.
Cryptowerk – delivers an enterprise grade data integrity solution that leverages the distributed power of blockchains to seal, verify and exchange trusted data at massive scale.
Scantrust – provides a smart packaging solution for product authentication, supply chain traceability and consumer engagement.
Polkadot – is a bridge technology that provides interoperability between blockchains and it introduces “pooled security” where multiple chains are secured by Polkadot’s validators.
Solidified – is the largest audit platform for smart contracts.
Fractal – is a provider of global KYC/AML for the Web 3 and the financial industry.
innogy Innovation Hub is one of 17 new members of BerChain – the other new additions include Deutsche Telekom, Aeternity and Factory Berlin. The association, which regularly organises workshops, seminars and networking events, now counts a total of 28 supporters.