This report produced by Innovation Eye and powered by Big Innovation Centre, Deep Knowledge Analytics, and Greengage presents an updated overview of the entire Blockchain industry ecosystem in the United Kingdom. It serves as a comprehensive follow-up to Innovation Eye’s Blockchain in UK Landscape Overview Q3 2018 (First Edition), produced in collaboration with the All-Party Parliamentary Group on Blockchain. 

We collected information from several Blockchain companies in the UK and implemented it into Mindmap — an interactive platform with companies, investors, R&D centers, hubs, government agencies, etc. 

Almost 1000 distinct Blockchain-centric entities from the UK Blockchain space were categorized and profiled while considering the funding of various UK Blockchain projects and the geographical distribution of Blockchain companies. The report acts as a guide to Blockchain development in the UK since it considers: 

• Several Blockchain-based projects that have been funded (directly and indirectly) by the UK government or private investors; 

• The use of Blockchain in the UK’s energy sector; and 

• Ways in which the cryptocurrency market has seen institutional adoption in Britain’s financial sectors. 

It also offers deep insights into the rundown of the UK’s cryptocurrency market and developments in the decentralized finance sector (DeFi), along with the use of distributed ledger technology to help combat the pandemic.

Overview of the Contributors

• Innovation Eye

Innovation Eye was jointly founded in March 2019 by the Big Innovation Centre and Deep Knowledge Analytics to provide sophisticated market analytics, industry intelligence, comparative industry classification frameworks, and benchmarking case studies.

It develops advanced tools for analysis and visualization of technology and innovation ecosystems through reports, custom-made consultancy products and services, and dynamic interactive online IT platforms.

• Deep Knowledge Analytics

Deep Knowledge Analytics, the analytical subsidiary of Deep Knowledge Group, is a globally acknowledged DeepTech focused agency that produces advanced analytics on DeepTech and frontier-technology industries by harnessing sophisticated multi-dimensional frameworks and algorithmic methods. 

Deep Knowledge Analytics specializes in conducting special case studies and producing advanced industry analytical reports on AI, GovTech, Blockchain, FinTech, and Invest-Tech. The company has recently deployed advanced interactive online IT platforms, featuring dynamic Mindmaps and filterable, customizable databases updated with new industry developments in real-time.

• Greengage

Greengage has been servicing the Cryptoasset sector for over three years and is currently on the FCA temporary register for the Crypto MLR. Since Greengage’s inception in March 2018, the company has built an extensive network and market presence in the Cryptoasset sector. 

To expand its reach, Greengage is currently pursuing a banking license that will allow the company, once secured, to provide a full suite of classic products and services across fiat currencies (£, €, $) and Cryptoasset classes.