Blocktech

What Blocktech does

Blocktech ApS is a Danish private limited company founded in 2016, headquartered in Lyngby, Copenhagen, with an engineering office in Bangalore, India. The firm provides full-stack IT services with a specialization in blockchain and distributed ledger technology (DLT), targeting organizations for which reliability, traceability, and auditability are non-negotiable. Its client base spans large industrial enterprises (IKEA, Grundfos, Lloyd's Register, Danfoss), international sustainability standards bodies (Plan Vivo, Ekos NZ, Sigill SE), and the Trusticate SaaS registry product itself.

The company's technology stack centers on Hyperledger Fabric and Polygon, combined with backend services, APIs, frontend applications, cloud deployment, and IoT integration. Its flagship product, Trusticate, is a blockchain-native SaaS registry platform for sustainability standards, biodiversity credits, and ESG certification, offering white-label registries with public audit trails, token issuance, transfer, and retirement, plus crowdfunding and mobile money payout. Other notable projects include SolarVille (Hyperledger Fabric-based local energy trading for IKEA), WeWater (blockchain water-access infrastructure for Grundfos), WeMoveCoins (a Nordic cryptocurrency exchange that processed 60,000+ transactions at peak), CommonCollection (a Bitcoin-integrated peer-to-peer giving platform), and a Hyperledger-based marine bunker fuel traceability solution for Lloyd's Register.

Blocktech's business model combines custom software development (professional services) with long-term technical partnerships (managed services covering maintenance, monitoring, architecture reviews, and feature expansion). Go-to-market is direct enterprise sales with a 30-minute introductory call to assess fit; clients work directly with engineers without account-manager layers, and pricing is not publicly disclosed. The company is founder-controlled (Thorkild Grothe-Møller, CEO; Annette Grothe-Møller, Co-Founder; Vimal Kumar Nair, CTO) with no institutional funding disclosed in available sources.

Name

Blocktech

Legal name

Blocktech ApS

Website

https://blocktech.dk

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Short description

Blocktech ApS is a Copenhagen-based blockchain and full-stack software firm founded in 2016, serving enterprises and sustainability standards bodies with distributed ledger solutions, custom registries, and long-term technical partnerships.

Ownership category

akta.pro rank

Product category

Blockchain Software Development

NAICS

Software Publishers (5132)

SIC

Services-Computer Programming Services (7371), Services-Prepackaged Software (7372)

akta.pro primary industry

RWA Tokenization Platforms (asset onboarding, structuring, issuance) (FSAPAIAC)

akta.pro secondary industries

Permissioned Blockchain Platforms & Frameworks (Hyperledger, Corda, Quorum) (FSAPAIAA), 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 development services
• Distributed ledger solutions
• Custom software development
• Supply chain traceability
• ESG certification platforms

Headquarters

HQ city

Copenhagen

HQ country

Denmark

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Custom Software Development: Design and build of custom digital systems for organizations requiring reliability and traceability. Includes registry platforms, transaction systems, distributed ledger solutions, and full-stack cloud architecture.
2. Long-Term Technical Partnership: Ongoing technical partnership including maintenance, monitoring, architecture reviews, feature expansion, and technical governance. Many clients work with Blocktech for years.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Blocktech designs and builds custom blockchain and distributed ledger technology (DLT) systems for organizations requiring reliability and traceability. Their offerings span full-stack platform development, registry and transaction platforms, backend services and APIs, cloud deployment, and long-term technical partnership. The flagship product is Trusticate, a blockchain-native SaaS registry platform for sustainability standards, biodiversity credits, and ESG certification.

Product overview

Blocktech offers a portfolio of blockchain and distributed ledger technology solutions, anchored by Trusticate — a flagship blockchain-native SaaS registry platform for sustainability standards, biodiversity credits, and ESG certification. The portfolio includes specialized projects: SolarVille (energy trading on Hyperledger Fabric), WeWater (water access infrastructure), CommonCollection (peer-to-peer giving with Bitcoin integration), WeMoveCoins (Nordic cryptocurrency exchange), and Hyperledger for Supply Chain (marine fuel traceability for Lloyd's Register). The company also provides technical services including backend/API development, cloud deployment, and long-term technical partnership support.

Differentiator

Problem solved

Functional benefit

Products and services

• Trusticate Blockchain-native SaaS registry platform for sustainability standards, biodiversity credits, and ESG certification. Built for international standards bodies and certification organizations. Features a white-label registry with public audit trail, token issuance/transfer/retirement, crowdfunding, pre-funding, and mobile money payout capabilities. Live clients include Plan Vivo, Ekos (NZ), and Sigill (SE).
• CommonCollection Global peer-to-peer giving platform connecting donors directly with people and projects in need. Features Bitcoin integration for borderless peer-to-peer transactions, full platform architecture, user and project management system, and 100% of donations reach the receiver. Live cases span Nepal, Uganda, Syria, Greece, and India.
• Custom Software and Platform Development Custom design and build of digital systems for organizations requiring reliability and traceability. Includes backend services and APIs, frontend applications, cloud deployment and DevOps, and registry and transaction platforms. Clients include IKEA, Grundfos, Lloyd's Register, and Trusticate.
• Blockchain and Distributed Ledger Solutions Implementation of distributed ledger technology solutions using Hyperledger Fabric and Polygon. Includes tokenization and smart contracts, on-chain and off-chain integration, audit trail implementation, identity and access management, multi-party system integration, and custom blockchain explorers for supply chain and humanitarian applications.
• Long-Term Technical Partnership Ongoing technical partnership including maintenance and monitoring, architecture reviews, feature expansion, and technical governance. Many clients work with Blocktech for years, treating the company as their external technical team.

Quantifiable outcome

• 60,000+ completed transactions on WeMoveCoins exchange
• +2 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• LimeChain: European (Bulgaria) boutique enterprise blockchain development firm specializing in Hyperledger Fabric, supply chain, and sustainability use cases. Closely comparable to Blocktech on size, European base, Hyperledger focus, and sustainability/supply-chain project mix.
• Web3 Labs: UK-based Hyperledger Fabric specialist and enterprise blockchain consultancy offering training, advisory, and implementation services. Comparable to Blocktech as a Hyperledger-focused boutique serving enterprise clients across regulated industries.
• Applied Blockchain: UK-headquartered enterprise blockchain solutions provider delivering DLT applications across finance, supply chain, and sustainability. Comparable to Blocktech on enterprise DLT services, Hyperledger expertise, and regulated-industry focus.
• Altoros: Global IT services firm with a strong enterprise blockchain practice covering Hyperledger, Ethereum, and supply-chain use cases. Comparable to Blocktech as a custom development vendor for enterprise blockchain and supply-chain traceability projects.

Broad incumbents

• ConsenSys: Largest Ethereum-focused enterprise blockchain software and services firm offering custom development, tooling (Infura, Truffle), and protocol services. Comparable as a competing enterprise blockchain development vendor, though materially larger and Ethereum-centric versus Blocktech's Hyperledger/Polygon focus.
• R3: Enterprise blockchain software company behind the Corda permissioned DLT platform, focused on financial services and regulated industries. Comparable as a permissioned-blockchain enterprise vendor, though R3 is a much larger framework vendor rather than a services boutique.
• Kaleido (an ConsenSys Business): Enterprise-grade blockchain platform-as-a-service (now part of ConsenSys) supporting multiple protocols including Hyperledger Fabric, Quorum, and Corda. Comparable as an enterprise permissioned-DLT deployment option Blocktech's clients might consider as an alternative.
• IBM Blockchain Services: IBM's Hyperledger Fabric-based enterprise blockchain business unit delivering supply chain, finance, and ESG solutions to large enterprises. Comparable as a competing Hyperledger Fabric-based enterprise vendor, though at vastly greater scale and with direct protocol stewardship.

Emerging players

• Earthbanc: Emerging sustainability-focused platform for tokenization of carbon and biodiversity credits using blockchain. Comparable as a Trusticate competitor in the RWA tokenization for environmental assets category, though smaller and earlier-stage.

Others

• ClimateCHECK: Adjacent consulting and platform provider for carbon markets, climate accounting, and sustainability registries. Comparable to Blocktech/Trusticate as an ecosystem participant serving sustainability standards bodies with registry and audit-trail capabilities, though without a DLT-native SaaS platform.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/blocktech-aps

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 Blocktech