Forbes Unveils List of Billion Dollar Companies Using Blockchain
Forbes has released a list of “Blockchain’s Billion Dollar Babies,”. This is a list of companies implementing blockchain technology that have minimum revenues or valuations of $1 billion.
The list includes companies in the cryptocurrency and blockchain development spaces, in addition to traditional financial firms like banks and clearing houses, food companies, supply chain management firms and others.
Most of the companies listed are popular names like Amazon, Walmart, Facebook, ING, Mastercard, Microsoft and Nestle.
Cryptocurrency-related companies featured on the list include United States-based cryptocurrency exchange Coinbase, European mining and hardware firm Bitfury, and blockchain-based financial services network and XRP token creator Ripple.
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.