88% increase 2019 Forbes global blockchain top 50 list you can not understand three details

88% increase 2019 Forbes Global Blockchain Top 50 list You can't read three details

Following the Ethereum is the Linux Foundation's Hyperledger Fabric superbook. The appeal of the superbook is that its code is open source, but it also has local authorization. Large companies will find attractive blockchain platforms like the Hyperledger Fabric superbooks attractive. Although Ethereum has a similar configuration, from the root, Ethereum is more utopian.

Corda is second only to Ethereum and HyperLedger Fabric and is used by 14 companies. Corda is a distributed ledger technology released by the R3 Alliance, which consists of the world's 200 largest banks and multinational companies.

Jor Morgan's enterprise-level blockchain project, Quorum, has helped global bank members in 75 interbank information networks. At the same time, the project was also adopted by 11 companies in the Forbes list.

Like Ethereum, Hyperledger, and Corda, Quorum is open source, and developers around the world contribute code. IBM is the main supporter of Hyperledger, and the top five companies on the Forbes 50 list use the IBM blockchain platform for project development.

The most interesting trend among the top 50 companies is that almost all companies will build multiple blockchain technology platforms. Although these companies may eventually focus on developing a single technology, such as ant wealth or Oracle, it is clear that they will also hedge through multiple platforms.

Over $450 million in cross-border payments in 2019

In addition to the Forbes 50, many other companies are actively promoting the development and use of distributed ledger technology on a global scale.

88% increase 2019 Forbes Global Blockchain Top 50 list You can't read three details

IDC predicts that global blockchain development spending is expected to grow by 88%, from $1.5 billion in 2018 to $2.9 billion at the end of the year. It is estimated that by 2022, total expenditure will increase by 76% annually to reach US$14.4 billion.

88% increase 2019 Forbes Global Blockchain Top 50 list You can't read three details

Global blockchain spending trends <br /> These investments will be dominated by the financial services sector. The most widely used case in 2019 was cross-border payment and settlement, with investments of more than $450 million.

As we have predicted in the past, the technology that began to solve inefficiencies can be used not only for intra-bank or inter-bank payments, but also for individuals to immediately remit funds abroad, greatly reducing individual remittance rates.

The use of blockchain technology will increase the remittance market to more than $1 trillion over the next three years.

88% increase 2019 Forbes Global Blockchain Top 50 list You can't read three details

Second only to cross-border payments and settlements, trade finance and trade/post-trade settlement are significant areas of attraction for investment. The current value of this plate is 16 trillion, but most of the current processes are still on paper.

So it is not surprising that the entire industry calls for disruptive technology for comprehensive innovation. According to our observations, many alliances are promoting the use of distributed ledger or blockchain technology to improve the efficiency of the old system.

The fastest growing areas of blockchain investment are manufacturing and resources, with a compound annual growth rate of 77.6%. Investment in manufacturing and resources is mainly used for asset management, source tracking, and identity management.

In addition, payment companies may also become mainstream. For example, there is a startup company called Moon, which announces that Amazon users can use Bitcoin to pay for things through Lightning Network.

With just one Chrome extension, users can pay in Bitcoin like a trading wallet like Coinbase.

The seller will also receive payment for the corresponding legal currency amount. It's not clear whether Amazon users can use a payment platform like Moon, but it's certain that direct encrypted payments will not be far away. (blockchain base camp)