The business publication Forbes presented a list of companies implementing blockchain technology that operate in the US market and have a minimum income or are estimated at more than $ 1 billion.
The magazine has included 50 large enterprises in the Blockchain's Billion Dollar Babies list. Among them are companies from cryptoindustry, traditional financial institutions, food corporations, retail and technology giants and firms from other industries.
Most of the listed companies are globally known names such as Amazon, Walmart, Facebook, ING, BNP Paribas, JPMorgan Chase, Mastercard, Microsoft, IBM or Nestle.
Companies related to cryptocurrencies are listed on Coinbase, a US crypto-bargain and Ripple start-up, as well as the European blockchain company Bitfury.
Forbes also indicated which blockchain protocols the companies he named use. Among the blockchains, various solutions based on Hyperledger, as well as Bitcoin , Ethereum and Corda of the R3 consortium were the most represented. A number of companies, like Oracle, IBM or JPMorgan, are implementing their own blockchains. Moreover, Quorum from the American bank is quite popular with other companies.
As Forbes notes, global corporations are using the underlying cryptocurrency technology “because they want to speed up business processes, increase transparency and potentially save billions of dollars.”
According to the forecast of International Data Corp., total corporate and government spending on the blockchain should reach $ 2.9 billion in 2019, an increase of 89% from a year earlier. By 2022, they will reach $ 12.4 billion, the magazine stressed.
It is noteworthy that according to a survey conducted earlier by Okta, 61% of IT companies with annual revenues of $ 1 billion invest in blockchain solutions. However, according to a Stack Overflow developer survey, 80% of enterprises do not use new technology.
Publication date 17/04/2019
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