The World’s Biggest Brands Investing on Blockchain
The biggest companies in the world have seen the potential in Blockchains and have begun to utilise the technology to create their own blockchain solutions to what is now a growing market. There are nine significant companies that are utilising this technology. We’ve compiled that list and what it is their doing with the tech.
The Blockchain technology will act as a service that can record transactions that are made with any cryptocurrency. Allowing these companies to keep large databanks of crypto transactions on the their servers.
Apple filed for a provisional patent in December that describes a blockchain system that will be used to verify and create timestamps. This tech can be used to approve digital signatures and protect their users from hackers.
Google is the largest tech-conglomerate in the world, they are known for their investments in new technology setups. That has once again proven as it’s reported that the tech firm is working on their own blockchain protocols. Bloomberg reported this new Google startup, informing Wall Street that Alphabet Inc is now creating a digital distribution ledger that can verify transactions on third party services.
Porsche has begun the earliest stages of adding blockchain services to their cars. The company has openly stated that they’ve implanted the technology and tested it, but they’ve got no plans to release it on any of their vehicles for a few years. Ultimately, using blockchain tech will allow for secured vehicle access and faster Wi-Fi/Data connections.
Wal-Mart is also in the early stages of designing a blockchain system called “Smart Package”, as noted by a patent that was filed in March. The patent describes this service as an encryption system that will further improve package tracking for Wal-Mart Inc. This service will be implemented for online shoppers only.
Coca-Cola, the world’s largest beverage manufacturer has been working with the state department to create a blockchain ledger that will help eliminate forced blockchain labour globally. The Bit-Fury Group and Emercoin are helping Coca-Cola in this endeavour.
JD, the largest crypto-company in China and Rakuten’s biggest competitor revealed that it will be creating new blockchain safety protocols to battle against insurance fraud and protect financial data for their already launched cryptocurrency platform.
International Business Machines (IBM) is one of the most well-known tech companies since the 60’s, working on some of the first computers ever built. They supported blockchain technology immediately and consequently they’ve been able to show off the world’s smallest chip that will power the world’s smallest computer. This chip is also built with blockchain mechanics and will be sold to 400 clients around the world including large banks, governments, hospitals and logistic groups.
SalesForce Co-Founder, Marc Benioff, in a recent interview with Business Insider stated that he has a vision on how cryptocurrency and blockchains can be integrated into their management platform for customer relations. He hopes that SalesForce will complete their blockchain development project by September, 2019.