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Which big companies use blockchain and crypto?

Which big companies use blockchain and crypto?

19 March 2022 09:20, UTC

Studying time: ~2 m

Blockdata revealed a report on crypto and blockchain in 2021 a while in the past. The report, known as “Blockchain & Crypto in 2021 – A overview in knowledge“, revealed, amongst different issues, that are the prime firms on the planet utilizing blockchain and cryptocurrencies

The report on firms utilizing crypto and blockchain

The report begins with these phrases:

“What an unimaginable yr. We’ve got a variety of phrases to explain it, and in addition no phrases at instances”.

For instance, enterprise capital raised by crypto and blockchain firms in 2021 jumped to over $21 billion, up from $3.6 billion the yr earlier than and $7.1 in 2018, with NYDIG alone elevating $1 billion. 

Nevertheless, it is usually price mentioning that the principle investor was Coinbase Ventures

As well as, 55 of the world’s prime 100 banks by quantity of property underneath administration have invested in blockchain firms, as have 36 of the world’s prime 100 listed firms. 

These embrace Alphabet (previously Google), Microsoft, Samsung, Intel, PayPal, Goldman Sachs, Mastercard and Visa, to call however one of the best identified. 

New blockchain merchandise

Nevertheless, these firms aren’t merely investing in blockchain firms. As a substitute, they’re additionally constructing new merchandise with these new applied sciences. Sometimes although, these aren’t consumer-facing merchandise, however back-end applied sciences. 

Probably the most broadly used of those applied sciences is Hyperledger, adopted by Ethereum. Quorum and Corda are additionally among the many most used, whereas the others are much less so. 

81 of the world’s prime 100 firms by market capitalization use blockchain-based instruments indirectly, and 65 of them are actively creating their very own options utilizing this expertise.

In complete, Blockdata has uncovered over 800 firms which can be constructing blockchain options, and lots of have organized themselves into 53 energetic blockchain consortia.

The only firm that seems to be utilizing probably the most crypto/blockchain applied sciences total is SAP, adopted carefully by Alphabet, Microsoft and Accenture. 

However these firms additionally embrace Coca Cola, Alibaba, Shell, Tata, and lots of others. 

Crypto and blockchain instead

In response to Blockdata, the crypto sector is turning into so massive as a result of individuals around the globe are beginning to really feel considerably compelled to search for alternate options to conventional options. For instance, inflation charges within the US and Europe are actually one thing new in comparison with previous many years. In brief, new issues require new options. 

Round 20% of the world’s inhabitants now dwell in nations with double-digit inflation charges, but cryptocurrency adoption in these nations is commonly nonetheless in its infancy. 

There are a complete of 300 million customers of crypto companies worldwide, and in keeping with Blockdata, persons are beginning to discover that another monetary system to conventional fiat currencies is obtainable. 

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