February 12, 2021 / Business

Blockchain 50: Forbes Published A Rating Of Major Blockchain Companies

forbes

Forbes just published a list of 50 major global companies that are most actively using blockchain in their work.

Blockchain Industry Drivers

Forbes is publishing its blockchain market research for the third time. To get on the list, companies must develop their own blockchain projects, as well as have a market capitalization or market value of at least $ 1 billion.

At the end of 2020, the list was updated by almost half. Now it included 21 new companies. These include the largest bank in the world – the Industrial and Commercial Bank of China (ICBC). At the same time, four large American companies lost their positions at once – Facebook, Google, Amazon, and Ripple.

All companies from the list can be conditionally divided into several groups. Most of them are from the banking industry, as well as the information technology and electronics industries.

Banks

ICBC provides its users with three dozen blockchain applications that cover their entire life cycle – from concluding health insurance contracts to charitable donations.

JPMorgan Chase has signed an agreement to share its Liink blockchain network to accelerate interbank transactions with 425 major banks.

China Construction Bank, one of the largest banks in China, has launched BC Trade 2.0 digital platform. It serves as a credit marketplace, allowing 75 other financial companies to offer users lower borrowing rates and quickly assess their creditworthiness.

Credit Suisse – Swiss banking giant uses Paxos to instantly settle stock market transactions with brokerage company Nomura’s Instinet.

HSBC uses blockchain to monitor foreign currency transactions at bank branches. Since 2018, it has processed 1.9 million transactions worth $ 1.7 trillion.

Electronics

IBM was honored for creating the IBM Digital Health Pass application, which allows companies to track their employees’ health information and monitor COVID-19 test results to reduce the likelihood of spreading disease in the office.

Another project in the field of medicine was launched by the Samsung IT division. Their blockchain project brings together employees from local governments, hospitals and airports. The service is a comprehensive medical claim processing service that allows patients to make an appointment at the hospital from anywhere.

Microsoft has partnered with EY to develop a blockchain application that helps manage content rights and automatically pay royalties to copyright holders.

Oracle, one of the world leaders in the field of data storage systems on its own blockchain, has launched the Global Shipping Business Network (GSBN) logistics project. On its basis, a sea shipping consortium has been created, which includes 300 companies, including large carriers and port operators.

Internet

Chinese search giant Baidu launched about 20 blockchain solutions in a year. These include Libra Chain, a service that serves as the infrastructure for three Chinese online courts that handle copyright and e-commerce disputes in virtual litigation.

On the basis of the most popular Korean messenger KakaoTalk, which is used by more than 50 million people, a public blockchain was launched with its own cryptocurrency called klay. The new service already has over 370 thousand verified accounts; every tenth client uses it daily.

Chinese tech giant Tencent is honored for building the blockchain used by the Shenzhen Tax Office and for launching the FISCO BCOS platform, which processes information on border crossings between mainland China and Macau.

One of the largest global payment companies PayPal in 2020 for the first time provided its users with access to transactions with digital assets and managed to make good money on it.

Jack Dorsey’s payment company Square also made money trading crypto assets through its P2P money transfer and digital banking service Cash App.

Logistics

American food company Cargill started using blockchain in 2017. The technology was used in a project to track the supply of turkey meat on the eve of Thanksgiving. Last year, Cargill also became a member of a blockchain platform that controls the movement of goods with grain and oilseeds across the United States.

Blockchain by Danish shipping and logistics giant A.P. Moller-Maersk called TradeLens records supply chain information. Since its launch in August 2018, the technology has been used by about 50% of container ships worldwide, and in 2020 alone, the service processed information on a billion shipments.

Transport

One of the Boeing divisions has invested in the development of the SkyGrid blockchain air traffic control system. She controls the flights of drones that deliver orders to residents of American cities.

German automaker Daimler has made blockchain an integral part of its operations, constantly expanding the adoption of this technology at all levels. The carmaker believes that blockchain helps monetize data and simplifies the process of information exchange within the group of companies.

Trade

French supermarket chain Carrefour monitors over 30 items on the blockchain. They are marked with a special QR code, by scanning which users can get additional information about the product. According to Carrefour, this feature helped boost sales, so the number of positions will be increased to 100 soon.

Walmart has developed a blockchain application that monitors the quality and freshness of over 500 food items, including greens, coffee, seafood, and meat.

French luxury goods manufacturer LVMH is using blockchain to fight counterfeiting of the Louis Vuitton and Bulgari brands. About 10 million products have been registered on a specially created platform.

Telecom

The Spanish company Telefonica has invested in the Zamna blockchain platform, which helps airlines verify the identity of passengers before they arrive at the airport, and has teamed up with IBM to develop a blockchain that helps make international calls.

Tech Mahindra, the technology arm of India’s Mahindra Group, has unveiled a blockchain-based application that helps its 500 million users avoid spam calls.

Sport

The National Basketball Association (NBA), with the help of its partner Dapper Labs, began selling digital collections of the league’s highlights. At the moment, more than 400 thousand such samples have been sold, the cost of one of them was $ 100 thousand.

Exchanges

The world’s largest cryptocurrency exchange Binance already trades 184 tokenized assets and supports about a hundred blockchains. In the summer of 2020, the crypto exchange introduced a Visa debit card that automatically converts users’ crypto assets into local currency – it will be accepted by 70 million merchants around the world.

Chicago Stock Exchange (CME) was the first in the world to launch the sale of bitcoin futures back in December 2017. At the moment, 6 thousand of its users are trading cryptocurrency derivatives. Three years later, she opened trading in ETH futures.

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