Topic: The largest companies use blockchain technology (Read 504 times)
Blockchain might become a new standard for every existing companies. Aside from Bitcoin it is the technology that is hard to ignore and every company should take advantage of it. Its one of the invention of the century, and because of its unlimited application it will make companies more efficient especially in taking care of their data.
Blockchain holds a great promise of banking and financial technology innovation, that's why more and more companies gravitate towards the production of blockchain related technolgy and features. With the rate it's moving, blockchain would easily be adopted by the whole world and may actually be integrated to more than just regular money related businesses.
This just happened and in the future it's gonna happen more, modernly, blockchain technology is the latest technology that's been used in wide companies like that of medical sector, agricultural sector and many others. The list are simply short and doesn't or can't contain the total list where blockchain technology had been implemented.
Blockchain will truly rule this planet, or at least would pave the way for a better form of techbology that will then be destined to rule the world. Hopefully thohgh we're still alive to witness this greatness. 
Deloitte has surveyed nearly 1,500 senior executives and practitioners from major companies in 14 countries, including Canada, the United Kingdom, the United States, Singapore, Israel, China and Germany. In its third annual survey, the company found that large organizations increasingly prefer to use technology instead of seeing it as "great potential."
The graph is completely eloquent about the results of this study:
Ultimately, blockchain technology must achieve mass acceptance because it has compelling benefits for businesses, and if companies fail to use it, they will lose a competitive advantage. Interestingly, the percentage of people who consider blockchain to be an overpriced technology has also increased compared to previous results.
The graph is completely eloquent about the results of this study:
Ultimately, blockchain technology must achieve mass acceptance because it has compelling benefits for businesses, and if companies fail to use it, they will lose a competitive advantage. Interestingly, the percentage of people who consider blockchain to be an overpriced technology has also increased compared to previous results.
This just happened and in the future it's gonna happen more, modernly, blockchain technology is the latest technology that's been used in wide companies like that of medical sector, agricultural sector and many others. The list are simply short and doesn't or can't contain the total list where blockchain technology had been implemented.
A good one, but I think there is difference between making use of Bitcoin and making use of the Blockchain; Blockchain is a technology that powers Bitcoin, while Bitcoin itself is the currency or asset that makes use of the Blockchain technology.
These are totally different, and most of these companies that you have mentioned are making use of the Blockchain don’t make use of the same Blockchain that Bitcoin runs on, some of them have developed their own Blockchain technology for themselves and are marketing it to other companies as well. But even if they make use of the Bitcoin Blockchain I don’t think that will add or remove anything. It can only have impact on Bitcoin if they invest in it, just like PayPal and Microstrategy has done.
These are totally different, and most of these companies that you have mentioned are making use of the Blockchain don’t make use of the same Blockchain that Bitcoin runs on, some of them have developed their own Blockchain technology for themselves and are marketing it to other companies as well. But even if they make use of the Bitcoin Blockchain I don’t think that will add or remove anything. It can only have impact on Bitcoin if they invest in it, just like PayPal and Microstrategy has done.
Great article. Blockchain technology makes the companies that use it do the job with better performance, transparent and safe.
We are witnessing great transformations because it is the change of a new era that encourages the development of better technologies.
We feel privileged because we have been supporting blockchain technology since its inception.
To know where we are going we must know the past of how we started and how we are going.
There are several interesting documentaries on YouTube of the inception of bitcoin and everything that has happened so far alongside the defenders of the technology.
We are witnessing great transformations because it is the change of a new era that encourages the development of better technologies.
We feel privileged because we have been supporting blockchain technology since its inception.
To know where we are going we must know the past of how we started and how we are going.
There are several interesting documentaries on YouTube of the inception of bitcoin and everything that has happened so far alongside the defenders of the technology.
This is great development. This shows how diverse the Blockchain Technology can be used to help make life easier and the world a better place. This also shows that blockchain technology was created only for bitcoin. Bitcoin is part of the technology but not all.
One particular thing I learnt from this article is that it showed us how that the Blockchain Technology can be applied in almost any industry to things easier from the financial industry to the telecommunications industry to the transportation industry even in the technology space
One particular thing I learnt from this article is that it showed us how that the Blockchain Technology can be applied in almost any industry to things easier from the financial industry to the telecommunications industry to the transportation industry even in the technology space
Blockchain technology is not Bitcoin but is the first to use Bitcoin...
These large corporate companies use blockchain technology to simplify the performance of their companies. their success in utilizing blockchain technology will definitely be followed by companies from other countries. blockchain technology is increasingly being adopted, the more Bitcoin is known.
These large corporate companies use blockchain technology to simplify the performance of their companies. their success in utilizing blockchain technology will definitely be followed by companies from other countries. blockchain technology is increasingly being adopted, the more Bitcoin is known.
This is a good development. The only thing is that the vast majority (or even all) of these companies use a private blockchain and therefore contribute nothing at all to the value creation of the public blockchains. This is partly for regulatory reasons, but also because they want to keep control. If they do, they often only store a snapshot of the private blockchain as a hash in a public one like Ethereum, as a bitstamp, so to speak.
I think its not matter in the event that Tesla bought btc that they are embracing blockchain innovation,But they can be coordination blockchain innovation within the close future for their transactions but that's still distant from operational. Well, blockchain may be a great innovation to embrace and educate see its potential so they embrace it as before long as they can.For me in spite of the fact that, little companies ought to have blockchain coordinates in their framework since blockchain can offer assistance to expand the network.
They state that they have adopted cryptocurrencies,but the users can't withdraw or send them to other wallets,so this isn't real adoption.It's a pseudo-adoption. this is going to be a game-changing option. What is good is that this is an open-source technology and that is why there is a growing number of adopters from time to time. Soon the list can be growing longer. And we might even be governments .and always wanting to create a better version of their previous versions. Having the ability to use a system that would continuously be top tier is something that .
Well, how about the car company? TESLA.
There are too many companies and institutions now that were successfully adopting blockchain and the good thing they also used bitcoin upon embracing blockchain technology. I imagine that perhaps in the future blockchain technology is very common everywhere in the country because we are evolving into technologies and blockchain is very suitable for this. Perhaps, time will come for these companies that adopting blockchain will keep growing and even small companies follow their steps.
There are too many companies and institutions now that were successfully adopting blockchain and the good thing they also used bitcoin upon embracing blockchain technology. I imagine that perhaps in the future blockchain technology is very common everywhere in the country because we are evolving into technologies and blockchain is very suitable for this. Perhaps, time will come for these companies that adopting blockchain will keep growing and even small companies follow their steps.
I think soon it is going to be added maybe they just announce it but not yet implemented actually that people could already, like can you use bitcoin to buy tesla already right now.
These companies are great and hopefully, we are going to see a lot of companies adopt cryptocurrency as well or in bitcoin, which will surely go to push the market price of bitcoin up to 100k$ or even more.
I want to see giant companies accepting bitcoin on their own platform in the future but I still think that we are still in a long process for that maybe until it becomes suitable for spending.
Science is developing each and every sector to improve our daily lives. There are many technologies we are using for being developed ourselves. Blockchain technology is one of them which is the most important thing now and the whole system can be changed through it. It is possible to make cashless society by using blockchain technology. Blockchain Technology will lead the future world and that's the reason to come the world biggest companies in this technology. Nonetheless, they are making profit too using that technology.
Blockchain technology is admired by all the organization and governments although they hate cryptocurrencies because of its security and decentralisation form of trust.The list of companies is growing daily that make use of blockchain technology in their system to store online transaction in their ledger in most secure format.Some of the companies that I would like to add are given below.
1) Barclays : U.K.’s second-largest bank is Barclays and one of the companies with blockchain technology. In reality, they are using blockchain technology for streamlining fund transfers and KYC (Know-Your-Customer) processes.
2)Visa cards : In 2016, they introduced a blockchain platform that would deal with business-to-business payment services.
3) Unilever : Unilever is also on the companies using blockchain in supply chain list. In reality, Unilever is currently using tech to manage its tea industry. With the help of technology, they will track all of their transactions in the supply chain.
The list is very vast and will keep on growing with more adoption as new technology has overtaken the convential digital methods.
1) Barclays : U.K.’s second-largest bank is Barclays and one of the companies with blockchain technology. In reality, they are using blockchain technology for streamlining fund transfers and KYC (Know-Your-Customer) processes.
2)Visa cards : In 2016, they introduced a blockchain platform that would deal with business-to-business payment services.
3) Unilever : Unilever is also on the companies using blockchain in supply chain list. In reality, Unilever is currently using tech to manage its tea industry. With the help of technology, they will track all of their transactions in the supply chain.
The list is very vast and will keep on growing with more adoption as new technology has overtaken the convential digital methods.
Hi there Leviathan.007, thank you for sharing this summary from the very informative article of Forbes. I never thought that Microsoft is included in the list. As far a I remember Gates has a negative view about bitcoin which later change his stance to neutral. But one of the companies that I have a laugh about is Binance. It is very obvious that they use bitcoins due to the nature of their company.
In our view, we still have years ahead for businesses and governments to establish a real blockchain-based transformation. The main reason for this is that blockchain is a technology that will renew traditional business models not in an instant, but in a specific process, and by adapting in every industry over time. Blockchain has the potential to create new structures for our economic and social systems. The adaptation process will be gradual and slow, not all at once, and the acceleration of this speed will be determined by technological and institutional changes.
The blockchain technology has in no doubt being the best part of technological innovation. With the likes of Boeing deploying blockchain to its services and utilising the features in it shows that the tech has come to stay. I remember other tech giants eclining transactions that related to blockchain earlier in 2016 and now it has no bout become the best part of their operations. other large companies should also consider deploying the tech to enhance services and operations.
It would only be normal for them to use Blockchain Technology because they have this kind of big system that they needed to be secure and using Blockchain Technology helps them achieve that. It is also something that this Big Companies does not boast because they want to keep it in development and always wanting to create a better version of their previous versions. Having the ability to use a system that would continuously be top tier is something that this companies do to stay at the top.
Here are something interesting related to large companies using blockchain technology:
The American investment bank JP Morgan has 34 open positions for blockchain work, published on its website. Several blockchain engineer roles have focused on integrating both JPM Coin and Liink (formerly known as the blockchain-based interbank information network and now numbering over 400 other participating banks) into JPMorgan's payment architecture.
JP Morgan engineers have developed the blockchain protocol Quorum, an anonymous version of Ethereum aimed at the banking sector. JP Morgan is building its JPM Coin and Liink system from Quorum, which has now been handed over to the New York-based Ethereum hub Consensys.
This is the bank's website for open positions:
https://jpmc.fa.oraclecloud.com/hcmUI/CandidateExperience/en/sites/CX_1001/requisitions?keyword=blockchain
The American investment bank JP Morgan has 34 open positions for blockchain work, published on its website. Several blockchain engineer roles have focused on integrating both JPM Coin and Liink (formerly known as the blockchain-based interbank information network and now numbering over 400 other participating banks) into JPMorgan's payment architecture.
JP Morgan engineers have developed the blockchain protocol Quorum, an anonymous version of Ethereum aimed at the banking sector. JP Morgan is building its JPM Coin and Liink system from Quorum, which has now been handed over to the New York-based Ethereum hub Consensys.
This is the bank's website for open positions:
https://jpmc.fa.oraclecloud.com/hcmUI/CandidateExperience/en/sites/CX_1001/requisitions?keyword=blockchain
Well, how about the car company? TESLA.
There are too many companies and institutions now that were successfully adopting blockchain and the good thing they also used bitcoin upon embracing blockchain technology. I imagine that perhaps in the future blockchain technology is very common everywhere in the country because we are evolving into technologies and blockchain is very suitable for this. Perhaps, time will come for these companies that adopting blockchain will keep growing and even small companies follow their steps.
TESLA has indeed adopted bitcoin but not blockchain technology. Because Bitcoin and blockchain are different things. For example, Microsoft has adopted blockchain technology, but the CEO himself disagrees and conflicts with bitcoin. Even though some companies are adopting blockchain it is not necessarily that they will also adopt bitcoin and vice versa. They just use twknologi ledger and develop their own platform with various innovations added. There are too many companies and institutions now that were successfully adopting blockchain and the good thing they also used bitcoin upon embracing blockchain technology. I imagine that perhaps in the future blockchain technology is very common everywhere in the country because we are evolving into technologies and blockchain is very suitable for this. Perhaps, time will come for these companies that adopting blockchain will keep growing and even small companies follow their steps.
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