Forbes “Blockchain’s Billion Dollar Babies” List Released

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Forbes has released its high flyer list of blockchain users which indicates which of these companies has valuations or revenues of USD 1 billion.

The usual high flyers are as expected including Amazon, Walmart, Facebook, ING, Mastercard, Microsoft, and Nestle, with crypto-companies such as Coinbase, Ripple, and Bitfury putting in a show.

Interestingly Forbes goes a bit further on the blockchain front by flagging the use of blockchain in the non-crypto domain. The list points to where the action is and who the players are when it comes to blockchain protocols, with a nod to companies such as the Depository Trust & Clearing Corp (DTCC) which records a mammoth 90 million transactions daily.

Firms using R3’s Corda protocol and the Ethereum network are also listed on Forbes’ breakdown, and blockchain based solutions utilized across many different sectors including food companies, supply chain management firms and others including banking. R3 itself leads a consortium of more than 200 financial institutions in research and development of DLT usage in the financial system and other commercial sectors.

Corda was designed for dealing with complex transactions and security and is expected to have many of the benefits of the blockchain. A new version of Corda was released earlier this year aimed specifically at businesses, called Corda Enterprise, it includes a blockchain applications firewall.

It was unsurprising to see Walmart on the list. The US retail giant has applied for numerous blockchain patents and has become a leader in applying new technology to the supply chain sector. Both Walmart and IBM have been at the forefront of DLT supply chains since its conception and both companies are eager to promote the use of the new technology in sectors including business and commerce.

 

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