Forbes releases list of billion dollar companies using blockchain
Forbes, a global financial and business news outlet has released a list of “Blockchain’s Billion Dollar Babies,” – a list of 50 companies with a minimum of $1 billion valuations or revenues that are implementing blockchain technology.
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Forbes’ list includes companies from a wide array of industries involved in the cryptocurrency or blockchain development space, including supply chains management firms, traditional financial firms like banks, food companies, technology companies, and more.
A large chunk of companies that features on the list are well known companies such as Facebook, Google, Walmart, Nestle and more – Many of these companies are experimenting with blockchain technology, and are already getting called blockchain billionaire babies.
Only 3 blockchain and cryptocurrency-related companies featured on the list, namely Coinbase (a US-based cryptocurrency exchange), Bitfury (a European mining and hardware firm), and Ripple (a blockchain-based financial services network and XRP token creator).
Forbes notes the potential for blockchain technology to simplify various business process per the example of Depository Trust & Clearing Corp (DTCC), which keeps records of 90 million transactions a day, or most of the world’s $48 trillion dollars in securities.
The most popular blockchain protocols being implemented by these billion-dollar companies are the Ethereum network, different Hyperledger protocols, the blockchain consortium R3’s Corda protocol, as well as Ripple’s blockchain technology and XRP.
While these blockchain protocols are not directly listed in the Forbes list, they are more important and will be far more valuable than any of the companies listed.
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