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.
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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.
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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.