Fifty companies with $1 billion worth of blockchain technology were selected by Forbes. According to press releases of Forbes on April 16, 'Blockchain's Billion Dollar Babies, Forbes has selected the largest distribution companies such as Amazon and Wal-Mart, as well as global IT companies such as Samsung, Intel, IBM, Microsoft and Faceboo. In addition, financial companies that are ING, Visa and MasterCard were included.
Fifty companies with $1 billion worth of blockchain technology were selected by Forbes. According to press releases of Forbes on April 16, 'Blockchain's Billion Dollar Babies, Forbes has selected the largest distribution companies such as Amazon and Wal-Mart, as well as global IT companies such as Samsung, Intel, IBM, Microsoft and Faceboo. In addition, financial companies that are ING, Visa and MasterCard were included.
In the case of the Depository Trust & Clearing Corp (DTCC), it holds books for 90 million transactions a day, representing most of the $ 48 trillion worldwide, from stocks and bonds to mutual funds and derivatives.
In a few months, the DTCC will begin implementing blockchain maximum live, a distributed database technology popularized by bitcoin encryption. Records of about 50,000 accounts in the trade information warehouse of the DTCC, which houses $10 trillion worth of credit derivatives information, will be transferred to a customized digital ledger called the Accelor. Soon everyone can access a single real-time account of the transaction, removing the layers that make up the database..
Wal-Mart is using blockchain technology to track suppliers' shipments and reduce the risk of food corruption and pollution. It has already applied for 50 blockchain-related patents. Hard drive manufacturer Seagate uses the technology to catch and prevent counterfeiters, and Metlife can now immediately pay bills to prospective mothers who test positive for pregnancy diabetes.
The reason behind Samsung's selection is that the battery-making subsidiary is revamping how to manage and implement the contract using its own blockchain platform "Nex Leisure." For South Korean users, it has developed smartphone applications to identify handset owners at banks in 15 countries. This will help ease inconveniences such as tedious registration procedures that had to be taken to identify the bank when it joined the bank, which took effect 20 years ago.
Companies specializing in cryptocurrency included the U.S. coin base exchange, Bitfury, a European mining equipment maker, and Ripple, which provides blockchain-based remittance services.
Forbes predicted that this year's investment in blockchain by government agencies and companies will increase significantly.
Source: Forbes
