The Austrian Blockchain Landscape: An overview on companies, platforms & institutions leading the development of Blockchain technology in Austria.
The Austrian Blockchain Landscape was initially created in January 2018 by enliteAI and CryptoRobby. This updated version January 2021 (v4.0) includes 32 new startups, organizations and initiatives with a total of 147 Newly added companies & institutions are marked with “v4.0” for easier identification in the text below the infographic.
We gave the Austrian Blockchain Landscape a facelifting. The ecosystem has changed substantially over the years. Whereas in 2017/2018 ICOs and startups dominated the scene, the focus shifts towards corporate early adopters, which are working on blockchain use cases, proof-of-concepts and prototypes.
Therefore we included a new category for corporate early adopters. Another change is the new and emerging Decentralised Finance (DeFi) projects and startups. We put the box DeFi on the Austrian Blockchain Landscape where companies and startups involved in Decentralised Finance applications are presented. The definition of DeFi is interpreted in a broader context: enterprises which are using blockchain technology to improve financial services like banking, lending, identity, notary, wallet management, data protection and thus contributing to a more decentalised approach are included in this category.
New Startups entered the scene:
Trading shares when markets are closed? Morpher Labs GmbH enables 24/7 trading of stocks, crypto and Forex. It´s an Ethereum-based trading platform.
Trality GmbH is a browser-based platform for easy-to-build algorithmic trading. It offers solutions for Python gurus and skilled traders. And it makes sure your trading ideas remain secret with their decentralized approach. 3rd Winner of German Blockrocket Award (Seed Stage )
KONJUNGATE is tackling several fields of the art market providing stable ground to unfold potential globally. Their currency is art, infrastructure is the KONJUNGATE blockchain with decentralized solutions framed for the art market and beyond.
eWINGZ builds a global data exchange platform with the functionality of an ERP system, but the flexibility of a custom-made program.
SimplyTokenized GmbH offers tokenization solutions. With Blockpit and Bluepower, the SimplyTokenizsed supports two Security Token Offerings (STO).
HS Timber Group explores solutions for a tamper-proof data storage via blockchain technology
Energienetze Steiermark GmbH development of a blockchain-based platform to share free energy sources and provide for greater flexibility. A proof-of-concept of blockchain for energy, storage and grid management with the control of flexibilities.
The newly founded Association for the promotion of Distributed-Ledger-Technologies in Austria is an independent think tank. The platform covers topics related to distributed ledger technologies. Through targeted networking, coordination and promotion of players from science, business, education and society, DLT-Austria wants to contribute to the targeted and sustainable use of blockchain technology in Austria.
FMA Financial Authority Austria implemented a registry for Virtual Asset Service Providers. As of 1.10.2020 companies are obliged to register, when trading cryptocurrencies on behalf of third parties.
OeNB InnovationHUB GmbH is a newly founded company of the Austrian central bank (OeNB). Its tasks include preparing studies and analyses on developments in the field of PayTech in cooperation with international banks and relevant start-ups as well as regulatory, scientific and other public institutions (ECB, WKO, universities). In the medium term, the "Innovation Hub" should establish itself as an accelerator for cooperations with FinTechs and support the domestic FinTech ecosystem with initiatives relevant to central banks to increase financial market stability and security.
Blockchain Landscape Austria
With kind support of Robby Schwertner (CryptoRobby.com), a Vienna-based independent blockchain consultant and social media influencer, we put together the first Austrian Blockchain landscape and update it on a regular basis.
The landscape includes start-ups, accelerators and universities - as well as a large number of public institutions, initiatives and communities. We take this strong backing as a promising sign that the Austrian Blockchain landscape goes well beyond adopting new technology, but is also discussed in a wider societal context.
Newly added companies & institutions are marked with “v4.0” for easier identification in the text below the infographic.
Disclaimer: We are not involved with any of the companies and organizations listed in this landscape.
You’re welcome to reuse the infographic below as long as the content remains unmodified, in full and proper reference to the source is mentioned.
Would you like your company or institution to be included in future updates? Simply fill out the self-service form - we’re happy to keep track of your request.
Key Findings of 2020, Outlook on 2021
We notice a clear shift from Initial Coin Offerings of 2018 to Decentralized Finance (DeFi) applications in 2020.
Whereas ICOs completely halted in 2020 Security Token Offerings (STOs) seemed to replace it. However, today there have only been 3 STOs launched in Austria
Decentralized Finance is the most important application. DeFi is defined as a combination of blockchain technology with financial services like banking, insurance, lending, custody, new stores of value and other FinTech applications. Several important players develop projects and business models.
Substantial increase of corporate early adopters involved in proof-of-concepts, tokenization and prototyping, totalling 20
FMA Austria plays a more important role: 18 companies registered so far as Virtual Asset Providers. Strikingly, only 12 of the virtual currency service providers maintain a proper website!
Increasing number of startups with use cases in arts, mobility, energy
Austrian universities conduct blockchain both economical and technical research. At the end of 2017 Vienna’s University of Economics and Business launched the Institute of Cryptoeconomics, which will focus on new business models. In addition a number of private institutions offers education and trainings, covering blockchain basics up to investments, development and business case modelling.
A healthy blockchain eco-system not only requires developers, finance experts and researchers, but also mentoring and finance from seasoned entrepreneurs. Fortunately, there are accelerators and incubators across the country, often linked with co-working spaces and local organizations.