The largest companies use blockchain technology - page 2.

Ozero

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Quote from: Kong Hey Pakboy on March 07, 2021, 11:23:19 PM

Quote from: Ryker1 on March 07, 2021, 04:04:27 PM

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.

Just because Tesla bought btc doesn't mean that they are adopting blockchain technology, yes they might be integrating blockchain technology in the near future for their transactions but that is still far from operational. Well, blockchain is a good technology to adopt and institutions see its potential so they adopt it as soon as they can. To me though, small companies should have blockchain integrated in their system because blockchain can help them grow.

Blockchain technology is unconditionally recognized as very promising and revolutionary by almost all states and their governments. Even the Chinese government, which is not very good at cryptocurrency, is in fact now the leader in granting patents from blockchain technology adoption. Therefore, one should not be surprised that this technology will also be introduced by large business structures all over the world.

CryptocurencyKing

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In all the listed companies above, i'm yet to see a Tesla or an Elon Musk, though Musk isn't a company. But then, it's understandable why these companies uses the blockchain technology in data storage and protection amongst other uses and that is due to the decentralized nature of the blockchain technology which means data stored on the blockchain can't be hacked! Am i right to say that?! Well, the potentials is almost zero so.
Its good to have all this statistics published by Forbes most of all as, it sends positive notes on not just the authentic nature of blockchain but also, preach the bitcoin revolution and legitimacy.

TedMosby

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https://bitcointalk.org/index.php?topic=5274318.0

Quote from: joniboini on March 08, 2021, 11:08:51 AM

Quote from: davis196 on March 08, 2021, 01:58:21 AM

Paypal is adopting blockchain technology?This sounds like a joke to me.

I feel like the list is a bit off. Blockchain companies probably mean anything related to digital currencies and cryptocurrencies, even if they don't run or publish their own blockchain/private chain, etc. PayPal for example is moving on the trading market, without touching any blockchain at all (at least for now).

-snip-

there's news today regarding Curv (a crypto-security firm) that will be acquired by Paypal.
the deal was less than $200M.
according to the news, the deal is part of PayPal’s push into digital tokens.

Source:
https://www.prnewswire.com/news-releases/paypal-to-acquire-curv-301242347.html
https://www.cnbc.com/2021/03/08/paypal-to-acquire-crypto-security-company-curv.html

joniboini

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Quote from: davis196 on March 08, 2021, 01:58:21 AM

Paypal is adopting blockchain technology?This sounds like a joke to me.

I feel like the list is a bit off. Blockchain companies probably mean anything related to digital currencies and cryptocurrencies, even if they don't run or publish their own blockchain/private chain, etc. PayPal for example is moving on the trading market, without touching any blockchain at all (at least for now).

Quote from: Coinsfera on March 08, 2021, 02:06:55 AM

With blockchain, our data is in safe hands and it cannot be changed after validation. It can give an advantage for people and the companies that apply this technology. So we should not be surprised if we find companies that use blockchain.

It depends on what kind of database they're running from. A blockchain is just a form of database, in theory, they can just deploy their own database and set it to read-only after someone publishes new data without touching "blockchain" or other jargon. I do know that some business believes using this technology will help them since it removes the cost for database management (since other people can run a node and manage it on their own).

Coinsfera

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Quote from: Leviathan.007 on March 07, 2021, 02:04:09 PM

For the third year in a row, Forbes magazine published an article titled Blockchain 50. In this article, Forbes lists companies that are leading the way in deploying distributed ledger technology with revenues or valuations of at least $ 1 billion.
https://www.forbes.com/sites/michaeldelcastillo/2021/02/02/blockchain-50/

Blockchain is a new concept in technology. The usage of this technology varies depending on the field of application. With blockchain, our data is in safe hands and it cannot be changed after validation. It can give an advantage for people and the companies that apply this technology. So we should not be surprised if we find companies that use blockchain.

lifeforcepools

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Of course they do this, because not using blockchain technology now is a mistake.

davis196

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Paypal is adopting blockchain technology?This sounds like a joke to me.
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.The user just "buys" numbers on a screen.
Anyway,it's great that big companies on the list are adoption blockchain technology,but it's important to mention that some of them aren't adopting the Bitcoin Core blockchain.They are just creating their own blockchains.

yazher

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Quote from: MoneyJ on March 07, 2021, 06:04:03 PM

It has been 7 years since I learned about bitcoin and blockchains . TBH it is unexpectedly awesome of how big name companies embrace the technology with open arms. BlockChain is really thriving with bitcoin leading the way.

I think for the next 10 years the list will be improved tremendously since those largest companies on the list are now gaining much popularity because of their involvement in the crypto industry. Nowadays we see a lot of them convert their reserve funds to bitcoin and the others are taking some steps to get their hand and might also want to invest in it in their own way. Nevertheless, it's a good initiative for the crypto industry since we are still in the process of making Bitcoin one of the currencies of the world.

Kong Hey Pakboy

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Quote from: Ryker1 on March 07, 2021, 04:04:27 PM

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.

Just because Tesla bought btc doesn't mean that they are adopting blockchain technology, yes they might be integrating blockchain technology in the near future for their transactions but that is still far from operational. Well, blockchain is a good technology to adopt and institutions see its potential so they adopt it as soon as they can. To me though, small companies should have blockchain integrated in their system because blockchain can help them grow.

DapanasFruit

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I am sure that every year, more and more business organizations are getting into the blockchain technology making sure that they are adopting the benefits and advantages of DLT to their operations and these organizations are fully understanding that 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 to be using DLT to make their services more attuned to the needs of the people they governed, and yes this can be utilized in elections as well, but this can be taking time as most politicians are not into full transparency.

Darker45

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Quote from: seoincorporation on March 07, 2021, 03:43:09 PM

There we see some important business like Ant Group and other ones, but what was really weird was not to see tesla company on that list, They should be involved after the enormous investment they did.

Tesla investing in Bitcoin does not mean it uses the blockchain technology in its operation. Those are two different bananas.

Quote from: Leviathan.007 on March 07, 2021, 05:00:41 PM

The article was published before Tesla.

Quote from: milani on March 07, 2021, 05:21:02 PM

May be the list for this article was made before great steps from Tesla towards Bitcoin or Blockchain. And the more important - Tesla's strategy was announced not long ago about the accepting BTC as the means of payment, but nothing about their using blockchain technologies in their activity. May be I mixed something.

I took a quick research on the internet to find out whether or not Tesla's operation actually involves the use of the blockchain technology. And, yes, it does.^[1]

The Forbes article linked in the OP was published just less than a week ago. Tesla's purported use of the blockchain technology started almost a year ago. Accordingly, "Tesla has been confirmed to be a partner in a new project to use blockchain technology to help with logistics in importing products for Gigafactory Shanghai." Furthermore, "COSCO confirmed that Tesla used the new blockchain application to import auto parts used in its Gigafactory Shanghai, where it produces Model 3 vehicles for the Chinese market."^[Ibid.]

The writers of the Forbes article must have missed something.

[1] https://electrek.co/2020/04/07/tesla-blockchain-technology-gigafactory-shanghai-logistics/

tbct_mt2

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Quote from: Leviathan.007 on March 07, 2021, 02:04:09 PM

For the third year in a row, Forbes magazine published an article titled Blockchain 50. In this article, Forbes lists companies that are leading the way in deploying distributed ledger technology with revenues or valuations of at least $ 1 billion.

Any blockchains/ public ledgers are developed by those companies will be centralized ones. It help them to manage their company operations better and interact better with other companies or customers. It is good and is what blockchain technology will change the world.

However, the centralization contains big risks and those companies totally control ledgers they create for their companies. They can be enforced to change by law regulations.

Welcome Big Tech companies to the blockchain revolution but don't put your capital or store all your capital on their ledgers in the future. Be your own bank by choosing and using bitcoin public ledger and non-custodial wallets.

AniviaBtc

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Yes, it is good because they should. There are a lot of better opportunities in blockchain technology and cryptocurrencies and it is a must to invest or to engage with.

As we are experiencing digital and technological development, we also need to adopt new technologies or new things that are currently existing in the market or in the economy.

I know that this year, there will be more companies or big businesses who will engage in this kind of progress.

We are seeing a lot of positive things with blockchain technology these past few years, and I know that more good things will come.

MoneyJ

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It has been 7 years since I learned about bitcoin and blockchains . TBH it is unexpectedly awesome of how big name companies embrace the technology with open arms. BlockChain is really thriving with bitcoin leading the way.

milani

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Quote from: seoincorporation on March 07, 2021, 03:43:09 PM

That's a nice article, i had to search for the original, and it would be nice if you shared the link with us, for those users who want to see the full list here it is:

https://www.forbes.com/sites/michaeldelcastillo/2021/02/02/blockchain-50/

There we see some important business like Ant Group and other ones, but what was really weird was not to see tesla company on that list, They should be involved after the enormous investment they did.

May be the list for this article was made before great steps from Tesla towards Bitcoin or Blockchain. And the more important - Tesla's strategy was announced not long ago about the accepting BTC as the means of payment, but nothing about their using blockchain technologies in their activity. May be I mixed something.

Leviathan.007

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Quote from: seoincorporation on March 07, 2021, 03:43:09 PM

That's a nice article, i had to search for the original, and it would be nice if you shared the link with us, for those users who want to see the full list here it is:

https://www.forbes.com/sites/michaeldelcastillo/2021/02/02/blockchain-50/

There we see some important business like Ant Group and other ones, but what was really weird was not to see tesla company on that list, They should be involved after the enormous investment they did.

The article was published before Tesla. Indeed Tesla can be on top of the list. Many other companies can be included into the list. Some large companies are using this technology but due to some reasons none knows about the companies and the technology they use. Also, time after time there are much more companies getting attracted by blockchain and that's why this list can updated even daily/weekly so we won't miss the companies like Tesla and the others.
I wrote about the (Source)Forbes on the first paragraph. Also, I already wrote the Forbes title "Blockchain 50". not hard to search at all, but since I always use the people comments to make my topics look better and in order to use your comment sure I'll add the link.

dimonstration

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Dimon69

Quote from: Ryker1 on March 07, 2021, 04:04:27 PM

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.

The article might not yet updated or a work in progress to add more companies that are using blockchain. We sometimes see big companies that are cooperating with some ICO projects before. There are plenty now especially during Pandemic that uses blockchain to ease their transactions as well to solved problems. Some big companies might not yet introduced that they are using one or simply still on the stage of creating one that customized their needs based on their problems.

Harlot

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Blockchain is being used by several multi-billion dollar companies just because of 2 things it either cuts their costs and improve their efficiency or they wanna earn from it or both but those are mainly the reasons why they are utilizing the blockchain technology and integrating it in their businesses as sad to say they have more uses on the blockchain technology rather than Bitcoin itself that is why you will see that there is an ongoing patent war for blockchain while Bitcoin itself is just pushing for mass adoption until now.

Ryker1

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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.

seoincorporation

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That's a nice article, i had to search for the original, and it would be nice if you shared the link with us, for those users who want to see the full list here it is:

https://www.forbes.com/sites/michaeldelcastillo/2021/02/02/blockchain-50/

There we see some important business like Ant Group and other ones, but what was really weird was not to see tesla company on that list, They should be involved after the enormous investment they did.

Topic: The largest companies use blockchain technology - page 2. (Read 454 times)