Blockchain Labs

What Blockchain Labs does

Blockchain Labs Inc. is a blockchain technology company founded in 2013 in Silicon Valley and headquartered in Seoul, South Korea, with a regional office in San Francisco. The company develops InfraBlockchain, described as the world's only public multi-blockchain without native cryptocurrency, powered by its patented Proof-of-Transaction (PoT) consensus algorithm. PoT enables consensus based on transactions without involving any native cryptocurrency, achieving transaction speeds comparable to private blockchains while remaining publicly accessible — a design choice specifically intended to address the regulatory and risk concerns that prevent government agencies and conservative enterprises from adopting cryptocurrency-tied blockchain networks.

The company operates a portfolio of 11 products and platforms built on InfraBlockchain, spanning government identity (Super iD), vaccination verification (COOV, which served 43 million users across 120+ countries during COVID-19), personal medical data management (Medical Data Platform), real-time investment fund tracking (Fund & Cost Tracking Platform), secure messaging (BlockChat, described as the world's first serverless blockchain messenger), product authentication (Blockchain Chip with IC chips and DID), AI-enabled pet identification (Pet-i), security token issuance (STO Platform), blockchain-based connected vehicle control (Remote Vehicle Control Solution), and real estate fraud prevention (Real Estate Transaction Safety SDK). The company holds 28+ registered patents across Korea, the U.S., Europe, and PCT. AI capabilities are embedded in specific products, including computer vision for pet face recognition, generative AI for 3D Meta-Human and Meta-Pet avatar modeling, and AI-based reading of diagnostic kit results.

The business model is B2B and B2G, with revenue generated through platform licensing, SDK licensing and integration services, and hardware chip sales, distributed primarily via direct enterprise and government field sales. Named customers and partners include the Korea Disease Control and Prevention Agency (KDCA) and the South Korean Ministry of Foreign Affairs (for COOV), hospitals and healthcare providers (for the Medical Data Platform), proptech companies (for the Real Estate SDK), and German and French automobile manufacturers (in discussion for connected vehicle services). The company remains privately held with no disclosed external funding rounds; notably, in 2018 it declined to pursue an ICO and instead focused on building regulated, real-world enterprise and government applications.

Name

Blockchain Labs

Legal name

Blockchain Labs Inc.

Website

https://bc-labs.net

Company type

Private

Founded year

2013

Operating status

Operating

Short description

Blockchain Labs develops InfraBlockchain, the world's only public multi-blockchain without native cryptocurrency, using a patented Proof-of-Transaction consensus algorithm. The company serves government agencies and enterprises with 11 blockchain-based products spanning identity, healthcare, automotive, and consumer applications.

Ownership category

akta.pro rank

Product category

Enterprise Blockchain Software

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199)

akta.pro primary industry

Tokenization Platforms (RWA, Securities, Funds) (FSAGAMAA)

akta.pro secondary industries

Consortium Networks & Governance (network setup, onboarding, rules, node operations) (FSAPAIAB), Interoperability & Integration Middleware (ERP/core banking connectors, messaging, APIs, cross-chain to permissioned) (FSAPAIAL), Regulatory Reporting, Tax & Audit Trails (reconciliation, provenance) (FSAPAJAI), Trade Finance & Supply Chain Tokenization (invoices, bills of lading, provenance) (FSAPAIAK), Compliance, Risk & RegTech for Tokenized Assets (KYC/AML, sanctions, travel rule, reporting) (FSAPAIAH)

Keywords

• Blockchain platform software
• Decentralized identity solutions
• Enterprise blockchain services
• Government digital infrastructure
• Blockchain authentication hardware

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure, Supply Chain

Revenue model

1. B2B/B2G Platform Licensing and Services: Blockchain Labs generates revenue through licensing its InfraBlockchain platform and related services to government agencies and enterprises. The company provides blockchain-based solutions including ID systems, fund tracking platforms, and enterprise applications.
2. SDK and Software Integration: Revenue is generated through SDK licensing (Real Estate Transaction Safety SDK) and software integration services for proptech companies and other enterprise clients.
3. Hardware Chip Sales: Revenue from blockchain IC chip sales for product authentication and supply chain management applications.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Blockchain Labs develops and licenses InfraBlockchain, a proprietary public multi-blockchain platform that operates without native cryptocurrency using a patented Proof-of-Transaction (PoT) consensus algorithm. The company builds a portfolio of enterprise and government solutions on this platform, including vaccine credentials (COOV), national ID systems (Super iD), medical data management, fund tracking, blockchain IC chips for product authentication, secure messaging (BlockChat), pet identity (Pet-i), connected vehicle services, and security token issuance. The technology is licensed to government agencies and enterprises for digital identity, transparency, and authentication use cases.

Product overview

Blockchain Labs is a blockchain technology company that has developed InfraBlockchain, the world's only public multi-blockchain without native cryptocurrency. The company operates a portfolio of 11 products and platforms built on this proprietary infrastructure. Core offerings include: InfraBlockchain (foundational blockchain technology); COOV Vaccine Passport (blockchain-based vaccination verification serving 43 million users); Medical Data Platform (personal medical data management); Fund & Cost Tracking Platform (investment fund management); Super iD (national ID system solution); Blockchain Chip (product authentication); Pet-i (pet identity verification); BlockChat (secure messaging); STO Platform (security token issuance); Remote Vehicle Control Solution (connected vehicle security); and Real Estate Transaction Safety SDK (fraud prevention). All products leverage the patented Proof-of-Transaction consensus algorithm that enables high scalability without cryptocurrency.

Differentiator

Problem solved

Functional benefit

Brands

• InfraBlockchain: World's only public multi-blockchain technology without cryptocurrency, patented and acknowledged globally
• COOV
• BlockChat
• Pet-i
• Super iD
• Medical Data Platform
• Fund & Cost Tracking Platform
• Blockchain Chip
• STO Platform
• Remote Vehicle Control Solution
• Real Estate Transaction Safety SDK

Products and services

• InfraBlockchain Public multi-blockchain technology without native cryptocurrency, using a patented Proof-of-Transaction consensus algorithm to deliver high scalability and fast transaction processing. Trusted by governments and enterprises worldwide as foundational blockchain infrastructure.
• COOV Vaccine Passport World's first blockchain-based vaccine pass, designated as the official vaccine passport of South Korea and used in over 120 countries. Protects personal information and prevents data tampering, serving 43 million users.
• BlockChat World's first serverless blockchain messenger using end-to-end encryption based on blockchain DID technology for secure communications without a central server.
• Pet-i Blockchain-based Pet ID system centered on pets. Uses AI-powered pet face recognition for identity verification, offering a better alternative to microchip-based pet identification.
• Super iD Blockchain ID system for developing nationwide ID systems within 1-2 years at low cost. Enables government officials to issue multiple credentials (ID, passport, driver's license) directly to citizen smartphones.
• Medical Data Platform Blockchain-based platform for storage, submission, and transactions of personal medical data. Stores medical data in personal blockchain clouds alongside hospital servers, enabling quick data sharing and verification for hospitals and healthcare providers.
• Fund & Cost Tracking Platform Blockchain-based investment fund and cost tracking solution for companies and institutions. Enables real-time tracking of fund flows through tokenized budgets, preventing fund misuse and reducing operational costs.
• Blockchain Chip Genuine product authentication and data management solution using IC chips equipped with blockchain ID. Enables individual product verification, eliminates counterfeiting, and replaces physical hang tags with digital tags.
• STO Platform Security token issuance and trading platform built on InfraBlockchain. Enables compliant tokenization and trading of securities on blockchain infrastructure.
• Remote Vehicle Control Solution Blockchain-based connected vehicle service for enhanced security and privacy. Enables P2P vehicle access control without personal data exposure, preventing hacking and data breaches, targeted at automotive manufacturers.
• Real Estate Transaction Safety SDK SDK for proptech companies to prevent real estate scams. Enables QR code-based landlord verification and blockchain-registered lease status updates for safe property transactions.

Quantifiable outcome

• 43 million+ users served through COOV vaccine pass
• +4 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature6 records

Partnerships

Five partnerships are on record, tiered minor, core and flagship.

• Forbes Business CouncilminorStrategic or Co-development Partner · 1 January 2022Featured in Forbes with article on blockchain vaccine passport considerations, establishing thought leadership in the blockchain healthcare space.
• The TelegraphminorStrategic or Co-development Partner · 1 January 2021Featured in The Telegraph article on digital vaccine passports helping South Koreans return to normalcy during COVID-19 pandemic.
• Korea Disease Control and Prevention Agency (KDCA)coreStrategic or Co-development Partner · 1 January 2020KDCA participated as blockchain nodes in the InfraBlockchain network. COOV vaccine passport was donated to the Korean government and designated as the official vaccine pass. This partnership established government credibility and operational proof for the blockchain platform.
• Ministry of Foreign Affairs (South Korea)coreStrategic or Co-development Partner · 1 January 2020Ministry of Foreign Affairs acknowledged COOV as an official application, enabling international verification and interoperability for Korean citizens' vaccination credentials.
• German and French Automobile ManufacturersflagshipStrategic or Co-development PartnerIn close discussions with German and French car manufacturers to provide blockchain-based connected vehicle services. The solution enables P2P mobile-to-vehicle connectivity with enhanced security and privacy features.

Scale indicators6 records

Recent moves5 records

Expansion highlights6 records

Direct peers

• R3: Enterprise distributed ledger technology company behind Corda, focused on financial services and regulated industries. Comparable as an enterprise-grade blockchain platform with a token-less, permissioned architecture, though R3's model is consortium-led rather than public.
• ICON Network (Iconloop): Korean public blockchain connecting independent blockchains (BTP interoperability protocol). Comparable as a Korean-headquartered public blockchain targeting enterprise and government interoperability, with overlapping customer segments in Korea.
• ConsenSys: Major Ethereum infrastructure and tooling provider (Infura, MetaMask, Linea). Comparable as a blockchain infrastructure company building enterprise and developer-facing products on a public chain foundation, with similar vertical product portfolio strategy.
• Polygon Labs: Ethereum scaling and enterprise blockchain infrastructure (Polygon PoS, Polygon CDK, Polygon ID for decentralized identity). Comparable in offering a multi-chain / modular blockchain stack with a dedicated identity (Polygon ID) product line that overlaps with Blockchain Labs' Super iD and DID focus.
• Hedera Hashgraph: Public distributed ledger (Hashgraph) targeted at enterprise and government use cases, governed by a council of large corporations. Comparable in targeting the same 'public blockchain for regulated enterprise' niche, with a similar regulatory-friendly positioning.
• VeChain: Public blockchain specializing in supply chain management, product authentication, and traceability. Comparable as a public enterprise blockchain with token-based incentive economics, competing for the same supply chain authentication and traceability RFPs as Blockchain Labs' Blockchain Chip product.
• Digital Asset Holdings: Enterprise blockchain and smart contract platform (Canton/DAML) focused on financial services and regulated industries. Comparable as a permissioned enterprise blockchain vendor serving financial institutions, with overlapping product concepts (tokenization, smart contracts).
• Klaytn (Ground X / Kakao): Korea-based public blockchain built for enterprise and metaverse applications. Direct domestic competitor in the Korean public blockchain market, with similar enterprise/government positioning and a similar product portfolio approach.

Broad incumbents

• Hyperledger (Linux Foundation): Open-source umbrella for enterprise blockchain frameworks (Fabric, Besu, Iroha, Indy). Comparable in targeting enterprise blockchain adoption with permissioned architectures, and a direct competitor for permissioned DLT RFPs, though as a community/consortium project rather than a single vendor.
• IBM Blockchain: Enterprise blockchain platform built on Hyperledger Fabric, sold as part of IBM's broader hybrid cloud and consulting stack. Comparable in targeting government and large enterprise digital identity, supply chain, and tokenization use cases, with substantially greater sales coverage and brand recognition.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xtwitter.com/Infrablockchain
• YouTubeyoutube.com/@blockchainlabs.official
• LinkedInlinkedin.com/company/infrablockchain
• Instagraminstagram.com/blockchainlabs.official.global

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Blockchain Labs