Thursday, June 23, 2022

What Companies Are Using Blockchain

Anheuser Busch Inbev: Blockchain For Supply Chain

Forbes Blockchain 50: The Billion Dollar Companies Using Blockchain Technology | Forbes

This is one of the largest brewer enterprise companies in the world at the moment. At present they are using blockchain for their supply chain. Together with BanQu, they want to increase the overall transparency of their systems. More so, it will actually trace and increase the transparency of their Cassava crop chain. Thus, it will also empower over 2000 farmers in Zambia.

What Is A Music Blockchain Company

Artists can be compensated with fair royalty payments thanks to blockchain music companies. They may also track music streams and pay all artists who contributed to songs or albums instantaneously. The majority of blockchain music companies pay their musicians in cryptocurrency right away . Artists may be able to get paid more directly and efficiently as a result of this. Several companies are leveraging blockchain and artificial intelligence to solve problems in the music industry, including:

Forbes Releases 3rd Annual Blockchain 50 List Of Companies Paving The Way Using Blockchain Technology

Forbes Art

PLUS: Forbes First-Ever Crypto Billionaires List

NEW YORK February 2, 2021 Forbes today announced its third annual Blockchain 50 List, a compilation of the top 50 companies that are leading the pack employing distributed ledger technology.

· The Blockchain 50 companies span a wide range of industries and are heavily investing in the technology to improve their businesses. The businesses on this list are outpacing their competition by using blockchain and bitcoin, which was up 300% in 2020 and getting increasingly more respect in the C-suite.

· While 23 of the companies are based in the United States six are based in China, including the worlds largest bank, the Industrial and Commercial Bank of China two from South Korea one from Australia and one from South Africa, many of them making their debut on the list. All companies considered hold a minimum revenue or valuation of $1 billion or more.

· The list represents enterprises embracing the technology underlying cryptocurrencies like bitcoin, and using it to speed up business processes, increase transparency and potentially save billions of dollars.

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Internet Identity & Dns

In the current web, its difficult to establish your true identity, and your personal information lives on company servers for apps you use with little inter-operability . Platforms like Serto think theres a future where your identity can be easily carried with you around the internet.

IBM offers a blockchain-enabled identity management tool called IBM Verify Credentials. The decentralized system allows certain trusted organizations to issue credentials to users, who can then use the credentials to prove their identities to other organizations, enhancing personal privacy and streamlining the verification process.

Top Five Publicly Traded Company That Uses Bitcoin

Blockchain Investment Trends In Review
  • MicroStrategy

This is a prominent and well-known platform that adopts bitcoin as its major reserve asset. Since the beginning of 2021, the firm that produces software and cloud-based services has continued buying bitcoin consistently.

While other managers do not discuss their investments, the CEO of Micro Strategy has publicly known that he holds 17,732 BTC worth over $565 million.

  • Tesla

Another high-rank holder of bitcoin is Tesla, which is an electrical vehicle manufacturing company. The company revealed its investment of an aggregate sum of $1.50 billion into cryptocurrency and, majorly, bitcoin.

According to SEC filing, which revealed the company intending investment, Tesla bitcoin purchase reflects an increased investment policy targeted at diversifying its cash on hand and maximizing returns.

The filing stated that the company may invest a portion of such cash in certain alternative reserve assets including digital assets, gold bullion, gold exchange-traded funds, and other assets as specified in the future.

The companys Bitcoin play followed months of speculation, as CEO Elon Musk took to Twitter to discuss the cryptocurrency.

In late 2020, MicroStrategys Saylor offered to share his playbook for Bitcoin investing with Musk after arguing that a move into Bitcoin would be doing Tesla shareholders a $100 billion favor.

  • Galaxy Digital Holdings
  • Square Inc.
  • Coinbase Global, Inc.

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New York City New York

Last summer, ADP spinoff Broadridge acquired blockchain software built by financial services firm Northern Trust designed to help manage the entire life cycle of private equity investments. The tool automates the manual middle office functions of PE transactions, like managing legal agreements, and streamlines the process of gathering data and communicating with investors. Its currently available for funds based in Guernsey and the state of Delaware. In the second half of 2020, Broadridge has plans to go live executing bilateral repurchase agreements on the blockchain.

Blockchain: Hyperledger Fabric, Quorum, Corda, DAML

Key Executive: Mike Tae, Head of Broadridges Corporate Strategy

Blockchain Applications In The Consumer Products Industry

The authenticity and traceability of consumer goods are becoming more and more relevant in the consumer products industry, explains Patrick Schunck, partner in the Consumer Products segment at Deloitte Netherlands. End consumers are interested in the origins of a product and whether it was manufactured under sustainable circumstances. Its something where consumer products companies can differentiate themselves from the competition.

With blockchain technology, consumer products companies can create a digital twin of a physical product, explains Boersma. With digital twinning you can trace and monitor a physical product during the manufacturing process and once it is in the hands of the end consumer. The latter may be useful when it comes to tracking previous owners, verifying whether a warranty has expired or doing a complete recall. Those are all hard to do within the psychical reality, but very easy within a complementary digital reality, says Boersma.

Another important use case of blockchain technology is in the space of trading, says Schunck. Especially in the space of agri-commodities trading, where there are multiple partners involved in the supply-chain. Using blockchain, parties can simplify, secure and accelerate the settlement of each transaction.

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Identify Your Companys Path And Develop A Road Map

Crypto is viewed by some as a critical part of the evolution of finance. When your company chooses to engage with crypto, that triggers changes across the organization, as well as changes in mindset.

As with any technology change or upgrade, there is a need for an implementation plan. That plan should include, but is not limited to, these types of questions:

  • What is the overall strategy?
  • What are the short-term and long-term objectives?
  • What partners, internal and external, does the company need to involve? Can leaders identify effective champions for the effort across the enterprise, in all relevant departments?
  • Will the decisions and actions the company takes now allow for flexibility and scaling of efforts later?
  • How can the company integrate the security needs of operating in the digital asset ecosystem with existing security and cyber efforts in the company?
  • How does the company implement the introduction of crypto? Does it begin with a payments-only, hands-off approach? Or does it engage hands-on?
  • What resources will the company need above and beyond those it currently has? What new expertise might it need?
  • What will the implementation road map look like?
  • How will the company evaluate progress as it implements? Does the company have the necessary processes in place to monitor the execution of transactions and vendor performance?
  • What does the final state before launch look like?

About Deloittes Digital Assets Practice

How Can Blockchain Help Your Business

PwC finds 84% of surveyed companies using blockchain

Before the advent of blockchain, businesses had no way to secure and validate ownership of a digital asset or verify a transaction in a public yet safer manner. Consider the example of a substantial share in a company or digital asset.

Transfer of shares of ownership using the current model requires stacks of paperwork, a legal advisor or trusted entity.

What if you want to transfer a digital asset like an art piece? How would you prevent people from duplicating the file and sending others a copy? Since you dont have a way to verify the transfer of assets publicly, there exists no way to enforce authenticity.

Here the blockchain comes into the picture. Blockchain is the first technology that allows you to transfer digital assets in a decentralized and secure way.

The technology comes with plenty of benefits as a decentralized network helps in managing and securing the data with the smart contracts.

Since it is clear how can blockchain benefit businesses, now, the question is how can you select the right blockchain company.

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Top 10 Best Blockchain Companies List In 2022

List of the Top BlockChain Companies with Detailed Comparison:

Are you interested in blockchain technology? Are you looking for the best of its companies?

You may be a developer or a technology officer who desires to work in a good blockchain company. There can be any reason to know more about Blockchain technology and its top companies.

This article will indeed put an end to all your searches.

Though blockchain is a part of the emerging technology, it is hot, and many are stirred towards benefiting from the technology. It is a phenomenon that is transforming, not only the financial industry but also other key sectors like, the health industry, media, aviation, and even the government parastatals.

A lot of questions have been asked about blockchain, but before we see the answers to them, let us first see what blockchain is.

What You Will Learn:

You may have heard about blockchain in connection to bitcoin and other cryptocurrencies but it is actually more than that, it is a decentralized technological system in which the transactions made in digital currencies are recorded and kept in several computers that are linked together.

It is a growing list of a record called blocks, linked with cryptography and function as a distributed ledger, managed by a peer-to-peer network, linked to a protocol for inter-node communication and building new blocks.

Samsung: Blockchain For Supply Chain Management

Hardware giant Samsung has also implemented blockchain technology as it looks to enhance supply chain management as well as logistics. Being one of the worlds largest manufacturer of electric appliances, the company is in dire need of a system that is capable of managing its vast supply chain.

The company is planning to use the technology to track its myriad of shipments made up of electronic devices and appliances of all sizes. The company expects blockchain implementation to fuel digital transformations by enhancing operational efficiencies.

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Here’s A List Of Top 10 Famous Blockchain Development Companies In India 2021 2022

The Indian government is making massive investments in the healthcare sector to provide health coverage to low-income families.

Blockchain technology is mainly used to record Bitcoin transactions via a global network of computers. Blockchain technology is supposed to see an increasing adoption among Indian banks. Private and public companies are exploring blockchain to improve efficiency to ensure transparency. 56% of Indian businesses are moving towards Blockchain technology, making it a part of their core business.

The Indian government is making massive investments in the healthcare sector to provide health coverage to low-income families. Blockchain technology is expected to drive this initiative. Now, India is one of the biggest hubs with many IT companies, so finding the best one is difficult. To help those looking for a blockchain development partner from India, the team of researched companies and compiled a list of Top 10 Blockchain development companies in India in 2021 – 2022. The team has researched IT companies from Mumbai, Bangalore, Jaipur, Ahmedabad, Pune, Kolkata, Kerala, Noida, Hyderabad, and Delhi and made a helpful and trustworthy list.

List of Top 10 Blockchain Development Companies in India 2021 – 2022

1. Hyperlink InfoSystem

2. Accenture

3 . Fueled

4. Infosys

5. Capgemini India Pvt ltd

6. Tata Consultancy Services

7. Zensar Technologies

8. WillowTree Apps

9. Tech Mahindra

10. HData Systems

Ford: Blockchain To Support Mobility Technologies

Blockchain Technology Sector Overview  Q1 2019  Venture ...

Ford has joined a growing list of automotive companies implementing blockchain technology in the industry. The company is planning to implement blockchain technology to enable mobility technologies to support its Smart Mobility solutions.

A newly awarded patent suggests that the company could soon leverage blockchain technology to make it easy for cars to communicate with each other as a way of reducing traffic. The vehicle-to-vehicle patent details a system that will seek to alleviate traffic congestion through coordination of cars speed on the road.

Enroll Now: Free Blockchain Course

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Travelchain: Making The Most Of Data

Data is a prized commodity in todays economy. It offers businesses insights and advantages when used appropriately. Data generated by travelers, which is highly valuable to service providers, is generally restricted to gatekeepers such as Expedia and Orbitz. These companies offer a faster booking process at a price. This raises costs and adds to the informational asymmetry for service providers.

TravelChain is a new entrant that wants to upend the paradigm with an open-source blockchain. The Russian company seeks to remove intermediaries on the supply chain. Users are empowered to collect and monetize their travel data, keeping it safe from prying eyes and receiving tokens as compensation for sharing with travel service providers. These tokens can then be redeemed for services or money.

Participating companies can access more granular information about travelers, channeling these insights for more pinpointed promotion targeting. Apart from personalizing marketing, these companies can offer customized tours and promotions based on a travelers preferences, closing the entire ecosystem loop and delivering value to all stakeholders.

Increase Efficiency Value And Transparency

Blockchain technology is expected to be a game-changer for the consumer products industry. It can help increase efficiency, value and transparency and has many practical use cases. What exactly could and should you do with blockchain technology? What are major companies currently doing, and where to start?

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Here Is A List Of Top Blockchain Technology Companies Of 2022

1. LeewayHertz

With over a decade of experience in building enterprise applications, LeewayHertz is the leader in blockchain development with in-depth knowledge of Artificial Intelligence , Internet of Things , Augmented Reality/Virtual Reality, and Cloud services.

LeewayHertz provides end-to-end blockchain solutions, ranging from Blockchain Consulting to User Experience and Design, Blockchain Development, Deployment, Maintenance, and Upgrades.

What makes LeewayHertz stand out from the crowd is their deep understanding to work on multiple blockchain platforms like Ethereum, Hyperledger Fabric and Sawtooth, EOS, Credits, Neo, and many more.

The blockchain experts at LeewayHertz have deployed over 80 smart contracts and developed more than ten blockchain applications.

$50 $99 / hr

Established as a mobile app development company, Intellectsoft is proficient in providing custom software development and consultancy services in technologies such as blockchain, artificial intelligence, internet of things, cloud computing, and augmented reality.

For the last 13 years, the company has helped organizations design, develop, and maintain software solutions efficiently. Offering blockchain development services for both startups and enterprises, Intellectsoft has become a top blockchain company.

The blockchain experts at Intellectsoft have in-depth knowledge of various blockchain tools and technologies like Ethereum, Hyperledger, EOS, Stellar, and more.

Tencent: Blockchain For Legal Billing And Taxation

List of Top 50 Companies Using Blockchain Technology – 101 Blockchains

Tencent is implementing blockchain technology to enhance legal billing and taxation in the Chinese city of Shenzhen. In reality, the multinational is exploring blockchain for enterprise applications leveraging the technology to help combat fake invoices as well as reduce the case of businesses in the city taking advantage of tax drawbacks

In partnership with Shenzhen city State Administration of Taxation, the company is hoping to use the emerging technology to verify invoices authenticity. The proposed blockchain solution is to be incorporated into the companys messaging-scale media app WeChat platform.

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Are There Any Blockchain Start

Yes, absolutely. There are 1,992 blockchain start-ups in the United States. Some of the start-ups include :

  • Bakkt

Bakkt is a developing bitcoin futures trading platform that started in 2018 and is located in Atlanta, the U.S. its platform allows users to buy, sell, store and spend cryptocurrencies.

It aims to provide an integrated global platform for trading, warehousing, and commerce.

  • tZero

tZero is a trading platform for digital assets backed by blockchain technology. It allows users to trade, transfer, and digital store currencies. Individuals can track the number of shares held by a user on the platform. The application can be accessed on iOS and Android devices.

  • Figure

Figure provides an online lending platform for consumer loans. It offers loans such as student loan refinancing, mortgage refinancing, and home equity loans. Its APR starts at 2.12%.

  • Dfinity

Dfinity is a Non-profit organization based in Switzerland. It works on a decentralized cloud computing network, which is seen to support internet services such as sharing economic networks, securing messages, and various other distributed applications programs .

Dfinity is working very hard to implement a distributed intelligence governing entity, known as the blockchain nervous system , which will make many changes to different network protocols.

  • Paxos

Pakos is a known blockchain solution provider to various financial institutions.

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Facebook: Blockchain For Digital Payments

Facebook has had to come up with new ways of ensuring better protection of peoples data in response to the Cambridge Analytica scandal. Implementing blockchain technology to take care of the huge trove of data appears to be the companys latest push.

Another popular project they are working on is the Libra cryptocurrency project. Previously, it was more focused on supporting only the Libra token. But now, it will include existing government-backed currencies on the platform as well.

In reality, this project can actually become the first-ever platform to introduce digital dollar. So, its a big step up for the international community.

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