Salt Lake City’s Blockchain Innovators Transforming the FinTech Landscape

This article is the latest in a series highlighting the cutting-edge companies operating in the Blockchain industry with headquarters in Salt Lake City, Utah, United States. In recent years, Salt Lake City has emerged as a thriving hub for innovation in financial technology (fintech), specifically in the area of blockchain. These companies are challenging the status quo, redefining conventional approaches, and setting new industry standards. This piece looks at some of the key players in the blockchain space.

Blockchain technology has continuously been improving since its inception. It offers an effective way of storing data and has numerous benefits like improved security, reduced costs, enhanced traceability, and increased efficiency and speed. Many industries, including finance, healthcare, supply chain, real estate, asset management and more, have started to use blockchain technology to improve their services.

In this article, we provide a closer look at some of the innovative Blockchain companies based in Salt Lake City, Utah. Each of these organizations is leveraging the power of Blockchain in unique and groundbreaking ways.

tZERO

Founded by Patrick M. Byrne, tZERO is a technology firm that was launched with the goal of enhancing financial technologies through distributed ledger technology. tZERO aims to make financial services more effective, transparent, and accessible. Although tZERO is not a registered broker-dealer, it adopts a revolutionary approach by making use of DLT to streamline financial systems. Visit their social accounts at @tzero, Facebook and LinkedIn.

Black Mountain Investment Group

Black Mountain Investment Group is an investment manager founded by Elijah Levine, Kyle Niedzwiecki, and Thawon Preyawan. They mainly manage a private hedge fund aimed at driving alpha through an actively managed strategy of mainly crypto, deep tech, and Web3 projects. Aside from their core service, they provide consulting services to existing and budding businesses. To know more about Black Mountain Investment Group and its offerings, visit their Instagram, @blackmountainig, or their LinkedIn page.

pieFi

Founded by Samson Burton, pieFi is a collective of designers, engineers, and friends who aim to make a difference through innovative Web3 products. Their core product, UpsideDAO, acts as a bridge between brands and their communities. Connect with them on LinkedIn.

DuraChain

DuraChain, founded by Brandon Scott, Breck Hughes, and Nickolas Hughes, is attempting to improve Electronic Health Records through the implementation of the Matrix Spec for the Durable Medical Equipment (DME) industry. They hope to solve the problems surrounding inaccurate and vulnerable EHRs. Visit them on @durachain, Facebook, or LinkedIn.

Medici Ventures

A subsidiary of Overstock.com, Medici Ventures, launched in 2014, was created to manage and oversee the company’s investments in firms building solutions leveraging and servicing blockchain technologies. The firm has a growing portfolio of groundbreaking new companies and tech businesses. Connect with them through their @medici_ventures channel or LinkedIn.

Cinder IO

Cinder IO is a blockchain-based digital dreamworld that serves as a crypto-native social hub, a creative commons, and a free-form MMO community. Check out their Twitter channel @CinderNFT for updates.

Ravencoin

Ravencoin was launched on January 3rd, 2018 by Ivan Jolicic and Tron Black. This digital peer-to-peer network is designed to handle one specific function: the transfer of assets from one party to another. Ravencoin has built a useful technology with a strong and growing community. Visit their social accounts at @ravencoin, Facebook and LinkedIn.

iDiFi

iDiFi provides a unique, Web3 based solution that offers KYC-as-a-service to financial institutions allowing users to be custodians over their own data. The platform utilizes blockchain technology to provide immediate and secure KYC verification. Follow them on Twitter @idifi_app and LinkedIn for updates.

Kwik

Kwik is a revolutionary platform that centralizes everyone’s affiliate and loyalty programs. This platform helps brands to connect with their audiences and reward them for their loyalty. Find them on LinkedIn.

Blockcities

Blockcities founded by Brian Christensen, leverages blockchain technology to offer a sandbox where all the tools can be used cohesively. Users can design their future experience by utilizing blockchain-powered voting, pre-reservation, and asset fractionalization. Engage with them via their Twitter @MyBlockcities, Facebook, or LinkedIn.

Bitsy

Bitsy is developing a blockchain-based bridge between FIAT and cryptocurrencies. This Salt Lake City company is making cryptocurrency transactions more accessible and reliable. Follow them on Twitter @bitsydotcom and LinkedIn.

In conclusion, Salt Lake City, Utah is positioned as a critical player in the blockchain revolution, facilitating a diverse array of services. From finance to healthcare, these companies are leaving no stone unturned in their quest to harness the potential of blockchain technology.