Top 50 Companies Using Blockchain

Blockchain

Top 50 Companies Using Blockchain

50 Top 50 Companies Using Blockchain: Bitcoin and blockchain, which are no longer regarded as a haven for drug offenders and traffickers, have entered the mainstream. The growth of Bitcoin in 2020 has attracted the attention of top executives around the world. Companies not only use bitcoin-based technology to do things like match invoices and check the origin of products, but dozens of companies now hold bitcoin as a treasury asset.

Forbes Magazine’s third annual article, Blockchain 50, identifies companies that are leading the way in deploying distributed head office technology, with revenue or valuation of at least $ 1 billion. Twenty-one new entrants are on the list, including China Industrial and Commercial Bank (ICBC) and four other Asian banks. These companies are replacing American companies such as Facebook, Google, Amazon and Ripple, which, despite still operating in the blockchain, have had a smaller presence in the past 12 months.

A.P. Moller-Maersk

A.P.-Moller-Maersk

Location: Copenhagen, Denmark
Blockchain: TradeLens, Hyperledger Fabric, IBM
Supervisor: Michael White
Danish shipping and logistics giant Blockchain, called TradeLens, digitizes supply chain information. The system has covered about 50% of all container vessels in the world since its launch in August 2018. In 2020, TradeLens reviewed one billion shipments, 30 million containers and 14 million documents, more than double last year. Maersk has also partnered with Microsoft to process marine insurance using China Blockchain technology.

Ant Group

Ant Group

Location: Hangzhou, China
China Block: AntChain, Fabric Hyperlider, Quorum
Supervisor: Geoff Jiang
The Alibaba-based company is developing more than 50 blockchain-based applications on its China Blockchain platform called Antchin. OpenChain is a prime example of this, launched in 2020 to enable the use of China blockchain technology and smart contracts as a way to reduce costs for small and medium-sized companies. So far, more than 6,000 users have written 100,000 contracts, which has facilitated 400 million transactions.

Baidu

Baidu

Location: Beijing, China
Blockchain: Baidu Xuperchain, Hyperlider Fabric
Supervisor: Wei Xiao
Chinese Google and its finance arm, Du Xiaoman Financial, have identified more than 20 Chinese blockchain solutions. One of them is the Libra Chain, which has been used in the infrastructure of China’s three online courts to resolve disputes over copyright and e-commerce through virtual litigation. So far, more than 35 million pieces of electronic evidence have been registered in the Beijing Internet Court.

BHP

BHP

Location: Melbourne, Australia
Blockchain: MineHub, Fabric Hyperlider
Supervisor: Michael Hovers
The mining giant uses the blockchain to digitize a number of operations, including ESG (Environmental, Social and Internal Management) tracking and supplier authentication. In June 2020, Biochup made its first iron ore blockchain deal with Chinese company Baowu Steel.

Binance

Binance

Location: Cayman Islands
Blockchain: Bitcoin, Binance Chain and dozens of other platforms
Supervisor: Chang Peng Zhao (CEO), Yi He (Marketing Director)
Binance is the world’s largest digital currency exchange with 184 digital assets on its list and supports about 100 Blockchains. The exchange’s total turnover reached $ 2 trillion last year. Binance issued a Visa cash card in July, which automatically converts users’ digital assets into local currency and will be accepted by 70 million stores worldwide.

Boeing

Boeing

Location: Chicago, Illinois
Blockchain: Go Direct, Hyperlider Fabric
Supervisor: Amir Husain
Boeing’s investment arm, HorizonX, has allocated funds for the development of the SkyGrid project. SkyGrid is a blockchain-based air traffic control system designed to intercept and communicate with aircraft. The SkyGrade has been approved by the US Federal Aviation Administration (FAA) for low altitude testing and has been made available to the public as free iPad software. This platform stores permanent data that is important for sending postal packages, industrial inspections and especially self-driving taxis.

Cargill

Cargill

Location: Waizeta, Minnesota
Blockchain: chrome, Hyperledger Grid , Ethereum
Supervisor: Petya Sechanova
The farm giant first entered the Blockchain in 2017 using Intel’s Hyperledger Sawtooth and used it to track turkeys in the supply chain before Thanksgiving. The company became one of the six shareholders of the Covantis platform last year, along with companies such as ADM and Louis Dreyfus. The platform uses Ethereum chrome-based China blockchain to create unchanging records of individual stages of the grain and oilseed shipment process worldwide.

Carrefour

Carrefour

Location: Massy, France
Blockchain: IBM, Hyperljer Fabric
Supervisor: Emmanuel Delerm
The French chain stores more than 30 product lines such as farm eggs, Norwegian salmon and Rocamador cheese through the blockchain. These products have a QR code tag that customers can scan to get more information about the origin of their product. Carrefour says the feature has boosted sales and plans to expand it to 100 products by the end of next year.

China Construction Bank

China Construction Bank

Location: Beijing, China
Blockchain: BC Trade, Fabric Hyperchain, Hyperchain
Supervisor: Tan Hao
The giant bank has created the second version of the BC Trade platform, through which 75 financial institutions can quickly identify high-risk borrowers and compete for lower interest rates to more desirable customers. The platform has so far provided $ 134 billion in loans to 5,800 users, including manufacturing and trading companies. Importantly, the platform has eliminated the SWIFT interbank messaging system, which was a necessary interface before the advent of the Blockchain.

Chicago Mercantile Exchange (CME)

Chicago Mercantile Exchange (CME)

Location: Chicago, Illinois
Blockchain: Bitcoin, Ethereum
Supervisor: Tim McCourt
CME Group, which is one of the largest markets for futures and options. In December 2017, it supported bitcoin futures contracts. The firm also offered Ethereum futures contracts in 2021. There are currently 6,000 unique accounts trading Bitcoin derivatives in the firm, most of which are owned by legal entities (companies).

Coinbase

Coinbase

Location: San Francisco, California
Blockchain: Bitcoin,Ethereum and dozens of other blockchains
Supervisor: Brian Armstrong
Coinbase is the largest digital currency exchange in the United States, with more than 43 million unique accounts in more than 100 countries. The exchange also holds $ 20 billion in digital currency as a deposit; That figure was only $ 6 billion in April 2020. Coinbase is the first major issuer of cash cards, allowing customers to spend their digital currency or withdraw cash from an ATM wherever possible. The Coin Base card became available in 29 European countries last year and is now being launched in the United States.

CONA Services

CONA Services

Location: Atlanta, Georgia
Blockchain: Baseline, Ethereum , Hyperlider Fabric
Supervisor: Andrei Semenov
Kona, which stands for Coke One North America and is owned by 12 of Coca-Cola’s largest companies in North America, is transferring orders and shipments between bottling companies to Blockchain and will eventually become a member of foreign suppliers of raw materials, aluminum cans and more

Credit Suisse

Credit Suisse

Location: Zurich, Switzerland
Blockchain: Enterprise Ethereum, Paxos
Supervisor: Emmanuel Aidoo
The Swiss banking giant uses Paxos Settlement Service to settle US-listed stocks with Instinet. This Blockchain technology allows participants to settle transactions directly without the need for a traditional intermediary. In this way, the settlement is done on the same day, while normally it takes two days.

Daimler

Daimler

Location: Stuttgart, Germany
Blockchain: Hyperledger Indy, Hyperledger Fabric, Corda, Ocean Protocol, Ethereum, MoveX
Supervisor: Jonas von Malottki
Daimler, the maker of the Mercedes-Benz luxury car, uses the Chinese blockchain to increase the efficiency of all parts; From production to a recent fundraising event.

DTCC

DTCC

Location: New York, State of New York
Blockchain: Axcore, Fabric Hyperlider, Corda, DAML, Ethereum
Supervisor: Rob Palatnick, Jennifer Peve
The big bank transfer company, which is behind $ 2.2 trillion in transactions per year, is reviewing its services. After transferring $ 11 trillion in credit derivatives to Blockchain, the DTCC announced the launch of Project Ion, which aims to track cash stocks traded on public markets. Project Whitney is also owned by the company, which is able to do the same for pre-initial trading in primary and secondary markets.

Digital Currency Group

Digital Currency Group

Location: New York, State of New York
Blockchain: Bitcoin, Ethereum, XRP and other platforms
Supervisor: Barry Silbert
The company, which is the most active investor in the field of digital currency startups, has invested in 170 companies and projects or is a major shareholder. Carney Digital Group also owns two of the largest digital currency institutions; That means the Genesis trading platform with 1,000 institutional customers, including Square payment giant, and Grayscale, which manages $ 27 billion in assets in 10 trusts.

Equinor

Equinor

Location: Stavanger, Norway
Blockchain: Data Gumbo, Vakt
Supervisor: Aders Opedal
Oil giant Equiner will run 10 oil and wind power projects with Blockchain, including a massive new North Sea field.

Fidelity

Fidelity

Location: Boston, Massachusetts
Blockchain: Bitcoin
Supervisor: Tom Jessop
Fidelity is a mutual fund monster that has been helping institutional investors store and trade bitcoins since early 2019. Today, Fidelity Digital Assets has 100 customers, one of which is the Kingdom Trust. This fund allows people to save bitcoins in their retirement account. Fidelity has also applied for a Bitcoin Index Fund, but did not provide details.

Honeywell

Honeywell

Location: Charlotte, North Carolina
Blockchain: Fabric Hyperlider, GoDirect Trade
Supervisor: Lisa Butters
Honeywell Industrial Company has transferred more than 2 million aviation quality documents to a Blockchain office to be fully accessible to its users. The company also runs a blockchain-based store called GoDirect Trade, which lists more than $ 4 billion in aviation-related functional parts and has attracted more than 10,000 users.

HSBC Bank

HSBC Bank

Location: London, England
Blockchain: chrome, Corda, Ethereum , Hyperlider Fabric, OneConnect
Supervisor: Vinay Mendonca, Mark Williamson
The British bank uses Blockchain to increase the foreign exchange flow efficiency of its global branches. Since 2018, 1.9 billion transactions with a nominal value of $ 1.7 trillion have been registered in the bank’s general office.

IBM

IBM

Location: Armanke, New York
Blockchain: Blockchain IBM, Hyperlider Fabric
Supervisor: Alistair Rennie
IBM was one of the first companies to invest heavily in Blockchain. IBM’s new Digital Health Path software allows organizations to verify Covid-19 test results and fever levels. Customers such as stadium operators can set their own criteria for the software and, for example, check the individual’s vaccination status.

Industrial and Commercial Bank of China (ICBC)

Industrial and Commercial Bank of China (ICBC)

Location: Beijing, China
Blockchain: ICBC Chain, Ethereum , Fabric Hyperlider, Tandermint
Supervisor: Guangqing Gong
ICBC, the world’s largest bank, now has 30 Blockchain software that allows customers to track everything from their health insurance coverage to how their charitable donations are spent.

ING Group

ING

Location: Amsterdam, The Netherlands
Blockchain: Corda, chrome, Ethereum , Fabric Hyperlider, Indy Hyperlider
Supervisor: Mariana Gomez de la Villa
It was one of the first banks to use Blockchain technology and now heads a group of financial institutions to help legalize digital assets so that they can meet global anti-money laundering standards.

JPMorgan Chase

JPMorgan Chase

Location: New York, State of New York
Blockchain: chrome, Ethereum
Supervisor: Omar Farooq
JPMurgan has invited 425 banks, including Deutsche Bank and Banorte Mexico, to use its Blinkchain network called Liink to speed up their interbank transactions. This technology will ultimately help banks issue fewer paper checks and conduct more transactions online.

Kakao

Kakao

Location: Jeju, South Korea
Blockchain: Klaytun
Supervisor: Jason Han
KakaoTalk messenger software in South Korea, with 25 million users, has a Blockchain Ground X unit that has launched its own public blockchain with its own digital currency called klay. So far, 370,000 certified CocoaTock users have opened a digital wallet, and 10% of them use their wallet every day.

LVMH

LVMH

Location: Paris, France
Blockchain: AURA, chrome, Ethereum
Supervisor: Franck Le Moal
This luxury goods company uses Blockchain technology to track products and counter counterfeit brands such as Louis Vuitton and Bulgari. About 10 million luxury goods from brands such as Prada and Cartier owned by Richemont have been registered in this platform.

Microsoft

Microsoft

Location: Redmond, Washington
Blockchain: chrome, Ethereum
Supervisor: Jagannathan Venkatesan
A Microsoft Blockchain software developed with Ernst & Young (EY) handles content and copyright. Xbox and Ubisoft were the first companies to use the system. The software automatically pays for copyright, while traditional processing time may take up to 45 days or more.

Microstrategy

Microstrategy

Location: Tysons Corner, Virginia
Blockchain: Bitcoin
Supervisor: Michael Saylor
The trading analytics company began the process of storing bitcoins in the company’s coffers to buy more than $ 1 billion of this digital currency in 2020 to offset inflation. Morgan Stanley recently bought an 11 percent stake in the company.

National Basketball Association

National Basketball Association

Location: New York, State of New York
Blockchain: Flow
Supervisor: Adrienne O’Keeffe
The NBA Top Shot helped the league earn money from the growth of sports memorabilia. The NBA uses its Blockchain partner Dapper Labs to sell “memorable moments” packages that look like playing cards but are digital. So far, more than 400,000 memorable moment cards have been sold; Like LeBron James’ blockchain move that sold for $ 100,000. Each of these cards is a token.

Nornickel

Location: Moscow, Russia
Blockchain: Hyperlider Fabric
Supervisor: Jeanine Hightower-Sellitto
The largest producers of high grade nickel and palladium are testing an industrial asset tokens platform through startup Atomyze in Connecticut.

Northern Trust

Northern Trust

Location: Chicago, Illinois
Blockchain: Bitcoin, Ethereum, Fabric HyperLedger, Southout HyperLedger, DAML
Supervisor: Pete Cherecwich
In December 2020, the company invested in Zodia Custody digital currency startup with Standard Chartered.

Novartis

Novartis

Location: Basel, Switzerland
Blockchain: Ethereum, Sovrin, Hyperlider Fabric, Corda, DAML, chrome
Supervisor: Liz Theophille
Novartis is a drug manufacturer and a core member of PharmaLedger. Pharmalger is a Blockchain consortium in the European Union that targets incorrect or outdated information in medical prescriptions. Novartis, in collaboration with Merck and the Polytechnic University of Madrid, has developed software that scans drug packages and sends instant requests for up-to-date information to manufacturers. This information is available to patients with a scan code. Pharmalger also uses this technology to combat counterfeit drugs and the black market.

Oracle

Oracle

Solution: Austin, Texas
Blockchain: Oracle Blockchain, Hyperlider Fabric
Supervisor: Frank Xiong
Database giant Oracle launched its exclusive Blockchain in 2018. The company’s most advanced project, the Global Transport Trade Network (GSBN), has 300 customers, including container shipping giants and port operators.

PayPal

PayPal

Location: San Jose, California
Blockchain: Bitcoin, Ethereum, Bitcoin Cash, Light Coin
Supervisor: Dan Schulman
Pioneer PayPal Payment Processing Company is working hard to gain a leading position in the future of digital assets and central bank currencies.

Ping An

Ping An

Location: Shenzhen, China
Blockchain: FiMAX
Supervisor: Frank Lu
This insurance and financial services giant has more than 30 Blockchain software; The supply chain project through Tianjin Port and the financing platform in Guangdong Province are among the software, both of which are owned by OneConnect Financial Technology Company, its ping subsidiary.

Samsung Group

Samsung Group

Location: Seoul, South Korea
Blockchain: Nexledger
Supervisor: Jeanie Hong

The company’s IT division, Samsung SDS, has built several Blockchain projects for local governments, hospitals and airports. One of these projects is one-stop medical claims processing services, which allow patients to file claims at the hospital reception center, a counter or via a smartphone.

Sappi

Sappi

Location: Johannesburg, South Africa
Blockchain: GreenTrack, Hyperlider Fabric
Supervisor: Krelyne Andrew
Is a pulp manufacturer in South Africa that has partnered with the Indian environmental textile company Birla Cellulose in Blockchain GreenTrack. This blockchain tracks sustainable forest textile products to pulp to manufacturing plants. More than 250 members of the supply chain, such as Walmart and Marks & Spencer, now use GreenTork to verify the durability of the clothing they sell.

Aramco

Aramco

Location: Dhahran, Saudi Arabia
Blockchain: Ethereum, Hyperljer
Supervisor: Yousef al-Ulyan
In 2019, Aramco invested $ 6 million in Data Gumbo. The company has built a China Blockchain platform that aims to integrate thousands of sensors used in oil fields and refineries. Aramco aims to better assess asset performance and enforce smart contracts with Aramco resellers. Last year, Aramco Energy Investment Company invested $ 5 million in the Blockchain platform. This platform is used for trading oil shipments and oil products.

Signature Bank

Signature Bank

Location: New York, State of New York
Blockchain: Signet, Ethereum
Supervisor: Frank Santora
The $ 64 billion New York bank is working to provide services to institutional clients of digital currencies. The bank allows these customers to deposit money into their digital currency trading account using its Ethereum-based platform called Signet. Deposits of digital currency customers in this bank increased from $ 2 billion to $ 10 billion in 2020.

Squar

Square

Location: San Francisco, California
Blockchain: Bitcoin
Supervisor: Steve Li
Two years ago, Square made it possible for its users to purchase bitcoins through its peer-to-peer money transfer (P2P) service platform and digital banking called Cash App. The software now has 30 million users. Square earned $ 1.6 billion in the quarter ended Sept. 30, and grossed $ 32 million in bitcoin. In October, Square announced that it had invested $ 50 million, equivalent to 1 percent of its total assets, in Bitcoin.

State Farm

State Farm

Location: Bloomington, Illinois
Blockchain: chrome, Ethereum
Supervisor: Mike Fields, Robert Yi
The substitution process – that is, determining which policy or insurer is ultimately responsible for paying which claim – can take months for insurers to resolve claims. State Farm and USAA Insurance averaged more than 200 checks per day, but since the Blockchain Subrogation Net Settlement began last year, the number of exchange checks has dropped by 80%.

Stone Ridge

Stone Ridge

Location: New York, State of New York
Blockchain: Bitcoin, Ethereum, XRP, LightCoin and BitcoinCash
Supervisor: Robert Gutmann
Stone Ridge has become one of the largest institutional investors in Bitcoin through its subsidiary NYDIG Investment Group. The company said in October that it had chosen the digital currency as its main treasury asset. In December, Forbes reported that the company had purchased 20,000 bitcoins valued at about $ 946 million at the time of writing. Overall, the company now has $ 4 billion in digital currency deposits.

Swisscom

Swisscom

Location: Bern, Switzerland
Blockchain: Fabric Hyperlider, Ares Hyperlerger, Indy Hyperlerger, Corda
Supervisor: Roger Wüthrich-Hasenböhler
This telecommunications giant has 11 Chinese blockchain software in different stages. Daura stock startup and Custodigit Digital Currency Depository, a joint venture with Sygnum Digital Asset Bank, are among the software. The company joined a $ 30 million investment in Fireblocks last November. The platform assists institutions in creating, storing and trading digital assets.

Tech Mahindra

Tech Mahindra

Location: Pune, India
Blockchain: Hyperlider Fabric
Supervisor: Rajesh Dhuddu
The technology arm of the large Indian company Mahindra Group has developed several Blockchain technologies. In July 2019, the company introduced Blockchain software that now allows 500 million mobile phone customers to get rid of annoying calls by managing their preferences.

Telefonica

Telefonica

Location: Madrid, Spain
Blockchain: TrustOS, Fabric Hyperlider
Supervisor: José Luis Núñez
The Spanish telecommunications company uses Blockchain to intercept 4 million home devices. Telefonica has also invested in the Zamna Blockchain data platform. This platform is used to verify the identity of airline passengers before arriving at the airport. The company also works with IBM to manage international calls using Blockchain.

Tencent

Tencent

Location: Shenzhen, China
Blockchain: FISCO BCOS
Supervisor: Powell Li, Howe Zheng
The blockchain created by Tencent is used by the Shenzhen Tax Authority to issue about 10 million invoices. Tencent also founded WeBank, whose Blockchain platform is used by more than 2,000 companies using the FISCO BCOS (stand for authentic, open, and secure) platform. WeIdentity is also part of the platform, which has helped process more than 17 million border crossings between Macau and mainland China. Another Tencent Chinese blockchain software is WeSign, which shortens arbitration processes and is used in Chinese courts to record evidence.

Vanguard

Vanguard

Location: Wolforg, Pennsylvania
Blockchain: Symbiont Assembly
Supervisor: Warren Pennington
Vanguard, the king of index-fund investment funds, launched an asset-backed asset-backing process in June; This process is often confusing, because by repackaging loans and selling them from one side to the other, important credit information may be lost. Vanguard, along with Citi, State Street and BNY Mellon, tested another new product to store this loan information in a common, unchanging general ledger.

Visa

Visa

Location: Foster City, California
Blockchain: Bitcoin, Ethereum
Supervisor: Cuy Sheffield
The winner of the visa is its extensive network of access points to about 70 million businesses. Now that central banks are creating official digital currencies, Visa is conducting extensive research and development to enable digital money to flow safely (out of reach of fraudsters) onto its tracks. The company has registered more than 159 Blockchain-related royalties for things like securing transactions and using biometrics to verify people’s identities. In December, Visa announced its merger with the StableCoin USDC, or USD Coin , with the aim of accelerating international corporate payments.

VMware

VMware

Location: Palo Alto, California
Blockchain: Blockchain VMware
Supervisor: Brendon Howe
Known for developing Facebook’s digital currency technology (Diem, formerly known as Libra), VMware introduced its Blockchain platform in November, which focuses on corporate affairs. Broadridge Financial Solutions uses this platform to automate and digitize repurchase agreements. The Australian Stock Exchange also hired VMware in 2019 to build a post-trade platform instead of its previous 25-year-old system.

Walmart

Walmart

Location: Bentonville, Arkansas
Blockchain: Hyperlider Fabric
Supervisor: Tejas Bhatt, Archana Sristy
The Food Traceability Initiative helps the company identify contaminants and other food safety issues. The software now tracks about 500 food items such as fresh vegetables, coffee, seafood and meat. The platform assisted the US Food and Drug Administration in six food safety research cases last year and was able to provide detailed information on the main source of possible contamination within an hour. Walmart will launch a pilot project this year to track imported food with the US Customs and Border Protection.

Top 50 Companies Using Blockchain

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