Forbes today announced its second annual Blockchain 50 List, a compilation of the top 50 companies and organizations that are leading the pack adopting decentralized ledgers to their operating needs. The list represents enterprises embracing the technology underlying cryptocurrencies like bitcoin and using it to speed up business processes, increase transparency and potentially save billions of dollars. While many companies on this year’s list are well-known brands like Amazon, BMW, Microsoft, JPMorgan, and Google, there are a few cryptocurrency startups, like Bitfury, Coinbase, and Ripple, that have already met the criteria for the list and are creating waves in the industry.
The Blockchain 50 companies span a wide range of industries and are heavily investing in technology to improve their businesses. Unsurprisingly, financial firms, including names like Credit Suisse, Citigroup and JPMorgan Chase, dominated the list, but the Blockchain 50 ran the gamut of industries, including Nestle, the world’s largest publicly traded food company, retailers Amazon and Walmart, LVMH in luxury, BMW in automotive and tech giants like Google Facebook. All companies considered holding a minimum revenue or valuation of $1 billion or more.
“Blockchain started as a way to move bitcoin from point A to point B but it is now being used by a host of big companies to monitor and move any number of assets around the world as easily as sending an email,” said Michael del Castillo, Associate Editor, Forbes. “The 2020 Blockchain 50 proves not only that global entities continue to embrace the technology underlying bitcoin but that many blockchain projects have moved beyond the theoretical or testing phase, to producing real transactions, costs savings and other benefits. “
For the full 2020 Blockchain 50 List, please visit: Blockchain 50