Forbes releases list of top 50 blockchains, Baidu, Ant Financial, and Tencent are on the list
Author: Liang CHE
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Forbes released a list of the top 50 blockchains on Wednesday. Organizations entering the top 50 need revenue or valuations of more than $ 1 billion.
The list includes many industry giants from finance and technology, such as JP Morgan Chase, Citibank, HSBC, ING Group, Amazon, Google, Microsoft, BMW, General Electric, Honeywell, IBM, Intercontinental Exchange, Nasdaq, LV, Mastercard, Samsung, Wal-Mart, etc., Chinese technology giants Baidu, Ant Financial and Tencent are on the list. Other Chinese companies include China Construction Bank and Foxconn.
The full list is as follows (in alphabetical order by English name):
As an extension of Amazon Web Services, e-commerce giants provide blockchain tools for companies that don't want to build their own blockchain. Users include Nestlé, Sony, BMW, Accenture and more.
It uses its own proprietary blockchain to verify receivables and make payments, and provides fast loans to suppliers with cash shortages through the Duo-Chain financial platform.
At the end of 2019, the health insurance company began rolling out blockchain functions that enable patients to securely access and share medical data.
In addition to becoming a $ 255 million hacking insurance broker for Coinbase, a major cryptocurrency exchange, the company has also established a blockchain platform to accelerate insurance business.
The Chinese search giant owns a number of blockchain companies, including the puppy version of the famous blockchain game "cryptocat".
The miner maker customized the Bitcoin blockchain to allow users to build their own applications.
The automaker currently has a pilot program with suppliers in Europe, Mexico, and the United States that uses blockchain to track materials, components, and parts in the supply chain.
ADP derivative Broadridge last year acquired blockchain software built by financial services company Northern Trust to help manage the entire lifecycle of private equity investments.
The company launched its own privacy-focused Splinter platform in 2019, enabling members of its vast supply chain to use distributed applications for communication and transactions.
China Construction Bank
The bank has nine blockchain projects in operation, including tracking drug sources, tracking carbon credits, and showing how government funding is being spent.
Citi recently issued its first letter of credit digitally using its Komgo, a blockchain focused on trade finance. Citi also works with Goldman Sachs and 13 other trading companies to use Axoni's Axcore blockchain to automatically match and reconcile stock swap derivative contracts.
Since its establishment eight years ago, Coinbase has opened 35 million accounts, managed more than 21 billion US dollars of assets, and is expected to have revenue of 800 million US dollars this year.
Since becoming a founding member of the blockchain consortium R3 in 2015, the Swiss banking giant has been investing in blockchain. It is now working with the parent company of bitcoin exchange itBit to use blockchain to settle U.S.-listed stock securities.
Many blockchain pilots have been implemented, ranging from letting Daimler truck owners use e-euros to pay for fuel, to issuing a one-year, 100-euro German debt instrument, Schuldschein. It also uses blockchain technology to track contracts in the supply chain through its subsidiary Mercedes-Benz.
The company's new software, Tracr, follows the mining, cutting, polishing and sales of diamonds, all of which are 3D scanned.
Depositary Trust and Clearing Corporation (DTCC)
DTCC is about to transfer its $ 10 trillion credit derivatives business to the blockchain. These derivatives represent about 50,000 accounts held by some of the world's largest financial institutions.
Dole uses blockchain in all fruit processing, from millions of pounds of bananas to pineapples and peaches. Wal-Mart customers can now scan the QR code to check the origin of the fruit.
Facebook last year announced the crypto project Libra, a cryptocurrency backed by a basket of stable assets, including U.S. dollars and government bonds.
The unicorn has provided more than $ 800 million in home equity loans, mortgages and student loan refinancing to multiple lenders. All documents are stored and algorithm verified on their Provenance blockchain platform.
Chained Finance, the iPhone maker's trade finance company, makes payments to more than 20 electronics vendors by using digital currencies on the Ethereum blockchain. The financing cost has been reduced from 24% to 10%, and the time required to obtain funds has also been reduced from 7 days to the same day.
GE is actively exploring blockchain through its $ 30 billion aviation subsidiary, which records important details of the manufacturing process and details of the maintenance performed.
Last June, the search giant announced the integration of the BigQuery data analysis platform with Chainlink, allowing data from external sources to be used for applications built directly on the blockchain.
Honeywell has developed a blockchain-based market for used aviation parts, a $ 4 billion industry full of expensive specialized equipment and stringent security requirements.
HSBC has conducted 1 million foreign exchange transactions on its FX Everywhere platform, for a total of $ 1.2 trillion, which is built using an improved version of Ethereum.
IBM has established a proprietary version of the IBM Blockchain for its Hyperledger Fabric, which is faster to set up and easier for non-coders to operate.
ING's most mature blockchain project is the decentralized trade financing platform Komgo, which eliminates the delays and redundant paperwork involved in letters of credit used for financing transactions.
In 2019, the parent company of the New York Stock Exchange launched Bakkt, one of the earliest regulated Bitcoin futures exchanges. Since its launch in September, Bakkt has settled 117,000 Bitcoin futures contracts and plans to add support for other digital assets soon.
The largest bank in the United States announced the digital currency JPM Coin in February 2019. There are now 100 institutions using their new "interbank information network" for cross-border payments.
Luxury goods manufacturers are using blockchain technology to achieve traceability and proof of authenticity.
The second largest credit card company in the United States has applied for 116 blockchain-related patents, and several projects are in progress.
The software giant provides blockchain services through its cloud computing division Azure.
As one of the earliest companies to adopt blockchain technology, Nasdaq has completed experiments and proof-of-concepts, and has released a variety of blockchain products designed for the capital market, including electronics for the South African Central Securities Depository. Voting tools.
National Settlement Depository, Russia
Russia's central securities depository has helped create a distributed digital depository (D3Ledger) for storing and trading crypto assets, even if they are issued on different blockchains.
The world's largest food trading company launched three products with the IBM Food Trust in 2019, and European customers can now scan QR codes to track organic infant formula, baby food and instant mashed potatoes.
This healthcare company co-founded Synaptic Health Alliance to explore blockchain in healthcare.
Overstock is still developing tZERO, its blockchain-based trading platform that will allow investors to trade digital versions of traditional assets such as stocks, bonds, real estate and art.
Ripple's global payment network, RippleNet, provides faster security solutions, and transaction volumes on the network are growing.
Shell is currently working on nine blockchain projects at different stages of maturity. It is a founding member of the Vakt blockchain platform. Vakt simplifies the global commodity trading industry, which still relies heavily on paperwork, by transferring Brent crude transactions to a shared digital ledger.
Samsung's blockchain Nexledger can help parties to the contract prove their identity and enforce the agreement. The platform has been used by a group of 18 Korean banks in an application called BankSign, which allows banks' retail customers to quickly prove their identity.
The Spanish banking giant is widely known in the crypto space for using Ripple's payment system to build cross-border payment applications. The company issued $ 20 million in bonds on the public Ethereum blockchain in September 2019.
Signature is the first FDIC insurance bank to actually launch a cryptocurrency backed by the U.S. dollar.
The bank has grown to serve 750 cryptocurrency exchanges, including Bitstamp, Coinbase, Kraken and Gemini, as well as institutional cryptocurrency investors such as Block Town, Polychain and Figure.
In the third quarter of 2019, Square generated $ 148 million in revenue from fees charged to users paying with Bitcoin.
Chinese internet giants are helping build trade finance blockchain applications to streamline the procurement of bulk metals.
T-Mobile's NEXT identity project was created in collaboration with Microsoft using the blockchain Hyperledger Sawtooth to improve the way telecommunications companies manage access to employee and customer data.
UBS's utility settlement coin became a reality last June. The Swiss bank led a consortium of 14 financial institutions to set up a new company, Fnality International, with a $ 63.2 million investment.
A 75-year-old organization has numerous blockchain projects. The United Nations has paid for 106,000 Syrian refugees in Jordan using blockchain-verified iris scans in place of identity cards over the past two years.
Since February 2019, the fund giant has been using the blockchain to set securities prices for about $ 1.5 trillion of its $ 6 trillion assets held.
The $ 60 billion software provider partnered with the Australian Securities Exchange last summer to develop an application to replace the exchange's 25-year-old system to improve post-trade settlement effectiveness.
The retail giant's food traceability program tracks its fresh vegetables, meat and poultry through its supply chain. The plan helps Wal-Mart pinpoint where cargo may be contaminated, allowing it to more accurately and accurately locate recalls while reducing food waste.
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