Since the introduction of the blockchain in 2008, this emerging innovative technology has already conquered a number of industries worldwide. Security, transparency, cost and time-efficiency are just some of the blockchain’s benefits companies take advantage of. Increasingly these days, more and more large corporations are implementing blockchain, transforming and improving their operations dramatically. Let’s take a look at some of the biggest.
We’ll start by looking at the top five, and then talk about five more than are notable due to their high profile. It’s no surprise that the top two are Chinese corporations.
The giant $165 billion/year Industrial and Commercial Bank of China is leading the list. With $4.2 trillion in assets, this state-run bank had previously denied working with blockchain stock exchange, Tzero. However, as reported by Coinbase in April, patent filings were made public that showed the bank was exploring using blockchain to improve the efficiency of issuing certificates by keeping users from repetitively filing the same document to multiple entities.
Instead of the certificates being obtained by the issuing agency and submitted repetitively to multiple agencies, the technology would allow it to be passed and viewed digitally, streamlining authentication of the document and cutting down on the effectiveness of counterfeiting.
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