Blockchains provides a new frontier of development for enterprises, consumers and software developers. Due to its decentralized architecture, immutable ledger and highly secure framework, applications of the technology will impact industries ranging from finance and retail to personal identity and cryptocurrency. Covalent is solving a large infrastructure problem that is inhibiting blockchain adoption. Fixing these problems will exponentially increase access to and adoption of distributed blockchain technologies for enterprise and consumer use cases.
Covalent is the #1 data provider of blockchain transaction data to some of the world's biggest corporations, investors, consulting firms and dApp companies who then use the data to study the new world of decentralized applications. Covalent has indexed 70,000 smart contracts and 500 million contract executions across 7 different blockchain protocols like Bitcoin, Ethereum and NEO.
The research department at Covalent has categorized various blockchain projects into crypto-sectors, or "decentralized economies." We work hard to bring the most actionable, in-depth and data-backed research reports to you. To only publish our very best work, our team has formulated a research methodology to act as our own internal benchmark for quality. We call this process AUDIT. Read more about our research focus, the AUDIT methodology and download our reports – click here.
The first version of Covalent was built in a weekend at a distributed systems hackathon in the fall of 2017. After winning the hackathon, we decided to turn it into a hosted service and start commercialization.
Covalent is built by a team of database and distributed systems experts passionate about improving and scaling blockchain technologies. Covalent is funded by leading venture investors, with over a decade of expertise building and scaling technology companies. The company is headquartered in Vancouver, BC.
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