What Companies Are Using Blockchain Technology?
With blockchains popularity, many companies are now using blockchain technology. And why wouldn’t they? Blockchain does bring a lot to the table. More so, you can use blockchain in different use cases such as Supply chain, Healthcare, Government, Insurance, Banking, Real estate, and many more.
Even though blockchain was only considered suitable for Banking sectors only, it started to disrupt other industries as well. Thus, now we have a lot of solutions that are in the pilot phase or already in use in the enterprise.
If you are wondering who is using blockchain, then look no further because we have a list of 50 companies that are using blockchain in many ways.
So, let’s see what these companies are!
BBVA is one of the companies with blockchain technology using it for the banking sector. Red Electrica Corporation and BBVA recently completed a syndicated loan using this wonderful technology. Apparently, MUFG, BNP Paribas, and BBVA granted the deal of €150m. More so, the loan reached in record speed from BBVA’s blockchain platform.
At present, the company is more than optimistic about using technology for future projects as well.
Banca Intesa Sanpaolo – an Italian banking conglomerate is using blockchain technology for validating trading data. Deloitte, Eternity Wall, and the bank started to test out the technology recently. More so, they are using the OpenTimestamps protocol that uses Bitcoin to power the system.
Anyhow, the core contributor Peter Todd of Bitcoin, is behind the technology. Let’s move on to the companies with blockchain technology in the next part.
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. More so, they even filed for patents against these two features so, it’s easy to say that they are surely working on the technology.
The bank HSBC is planning to the blockchain-based platform by the end of March 2020. More so, they will shift from their traditional paper-based records to fully digital and decentralized Vault platform. Thus, their investors can now finally track their money in real-time. More so, it will have private features as well.
Let’s move on to the companies with blockchain technology in the next part.
Visa is one of the companies with blockchain technology that did come a long way in the niche. Previously in 2016, they introduced a blockchain platform that would deal with business-to-business payment services.
However, it took them time to make the project live. By the end of 2019, they wanted to cover 90 markets that the businesses can payments to.
DE Beers is another one of the companies using blockchain in supply chain. To Help regulate their supply chain management system, they came up with a blockchain platform called Tracr. More so, on this platform, you can track any size of diamonds from the mining site to the retail store.
It’s actually a great way to prove that the diamonds coming from DeBeers is 100% real.
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.
More so, they can also track the suppliers in order to maintain the quality in every step of the way.
Walmart has been a blockchain enthusiast for a very long time. In reality, the company is using IBM’s supply chain technology – Hyperledger Fabric platform to back up their supply chain process. Moreover, they also plan to track their foods right from their farmers and offer their customers to check the provenance before they buy an item.
Anheuser Busch InBev is one of the largest brewer companies using blockchain in supply chain. Along with BanQu, they want to increase the overall transparency of their systems.
