Do you know the companies that are investing in Blockchain technology? Want to know which companies are investing in blockchain? If you do, you’re in the right place.
Innovation costs money and is a big business that pays off, and it is up to big companies to provide the cost for the initial big push. Blockchain innovations are no different. Enforcing borders requires the cooperation of large companies and innovative startups.
Blockchain technology at present is in its infancy because it is still time for this technology to mature. Some blockchain-related projects are already trying to solve the decentralized problem in a new way.
This article discusses the largest companies that invest in blockchain. When we say they invest, they either invest money in promoting blockchain technology or use blockchain technology themselves to improve its state of evolution, adoption, and growth.
What is a blockchain?
Blockchain is a distributed digital ledger. It provides the ability to transfer, create, and store data without any centralized institute. Every transaction here is in sequential order. Each record here is known as blocks, and every transaction is time-stamped.
Blockchain technology makes it very easy for users to track history. It also makes Blockchain an unchangeable technology thus making it full-proof.
Some key blockchain features make it so amazing! These features include:
- Digital distributed ledger
And so on
Is Blockchain hype or not?
We cannot all agree on blockchain hype. Is blockchain changing the way we solve problems in the future? It’s hard to answer. However, opinions are still divided on whether blockchain is the answer to all problems.
We are discussing blockchain hype as it determines the investment efforts of companies. However, we can see a scenario on another scale where the company’s investments affect the hype around the blockchain.
In any case, it is difficult to know the real effect of blockchain until it is mature. So if you take the numbers, the forecast suggests that the development of the blockchain will undoubtedly increase in the coming years. Apart from the development of budget growth, the spending of blockchain will grow 76% year-over-year and reach $ 14.4 billion by 2020.
On the other hand, if we look at cryptocurrencies, then blockchain could be a good technology. Bitcoin reached a new level in 2019 and reached $ 19,000. In the next few weeks, however, it falls only to $ 3,000, but now it is around $ 10,000.
Many investment analysts have already predicted how bitcoin could read $ 100,000 in the future. Whether it succeeds to reach there or not is another topic for discussion.
Let’s see now the companies that are investing in Blockchain.
Blockchain Investment Company
Now that we’ve talked about blockchain, it’s time to find out the companies that are investing in Blockchain technology and help it reach new heights.
The financial sector is among those sectors that have a good reception for blockchain technology. Companies in the financial sector are also more aware of the benefits and are therefore ahead of investing in Blockchain technology.
Financial companies that invest in blockchain are as follows:
American Express is a credit giant trying to test blockchain technology. In this way, they provide their merchants with more value and power, using blockchain technology. It operates in several areas such as international merchants, international consumer service groups, and many more!
Banco Bilbao Vizcaya Argentaria
BBVA (Banco Bilbao Vizcaya Argentina) is another financial company investing in blockchain. The BBVA recently took out a £ 75 million corporate loan through Hyperledger Fabric and Ethereum. With a market capitalization of $ 21.8 billion, they are one of Spain’s largest banks.
They are involved in several industries, including retail banking, private banking, wholesale banking, and asset management.
Mizuho Financial Group
The Japanese Mizuho Financial Group is one of the first users of Blockchain and has invested in many blockchain projects. It is a holding company that offers a wide range of financial services such as banking, securities, credit banking, and more.
BHP Billiton Limited
Among the largest mining companies, BHP Billion is one of them that wants to improve its supply chain with blockchain help. There is no doubt that supply chains operating in blockchains can benefit companies if they are executed correctly.
Among the Companies that are investing in Blockchain is financial prudence it is a big financial company. It is known for supporting the Blockchain Firm Digital Currency Group. Besides, Foxconn and Western Union are also investing in the group that will improve the blockchain technology environment.
Italian Intesa Sanpaolo has invested in a public blockchain. Intesa Sanpaolo is an Italian bank. To date, they have invested in Bitcoin and Ethereum technology. Therefore, to improve their business ways they are using Bitcoin and Ethereum technologies.
Sberbank Russia is a Russian bank. They set up a blockchain laboratory and also collaborated with Russian securities to explore the concept of blockchain corporate loans. They participate in retail and corporate banking, including delivery services, asset management, payroll projects, corporate loans, and more!
Royal Bank of Canada
The Royal Bank of Canada explores blockchain technology by exploring various blockchain solutions for automated credit ratings. Its headquarters in Canada operate in many areas, including insurance, asset management, commercial and private banking, etc.
Banco Santander is a popular bank in Spain and is among the Companies that are investing in Blockchain. They invest in Ripple Technology and Digital Asset Holding. They operate in several areas, including the Santander Global Platform, South America, and North America.
The French bank BNP Paribas invests in blockchain technology for internal money transactions. It operates in several industries, including corporate banking, retail services, support organizations, individuals, entrepreneurs, and more.
Bank of China Ltd
One of the largest Chinese banks is Bank of China Ltd that has invested in blockchain. Using blockchain technology they are testing economic applications and work hard to improve its integration. They also granted patents related to the use of blockchain technology in economic applications.
Wells Fargo & Company
In USA Well Fargo & Company is a popular company. They are community-based and diversified financial services. They are involved in a wide range of projects, including banking, investment, insurance, business financing, consumer and mortgage lending.
In Blockchain investments Bank of America is one of the largest players. It also owns some high-performance patents related to blockchain technology. With the help of Ethereum Blockchain, they want to automate the creation of credit letters.
Technology companies are also competing to develop blockchain technology. Above all, blockchain is a technology, and no doubt is there that technology companies can benefit greatly if blockchain becomes more common or solves technical problems in the future.
For the development and collaboration of blockchain technology, Oracle is one of the forefront technology companies. They also offer their blockchain services to other companies so they don’t have to build it from scratch. Thor’s cloud services and SaaS applications can work with multiple business processes, including the supply chain. The corporation also offers its version.
Oracle Blockchain Platform Cloud Service
Oracle Blockchain Platform Enterprise
Intelligent Monitoring and Management
Oracle 20c Database Blockchain Tables
Apple a big name in the computer manufacturing world. It is working behind the door on the blockchain. They had the timeline data patented. Also, they are working on its use in various chapters of business processes, but there is no description of how they plan to approach the implementation process.
Alphabet is an umbrella company that includes Google. In collaboration with Digital Asset, they are integrating a blockchain platform and integrating contractual tools into the Google Cloud Platform ecosystem. However, Google also invests resources and features in blockchain technology. They now offer services for sharing cloud or hybrid blockchain applications with Google Cloud and Ethereum.
Tencent Holdings Ltd.
Tencent Holdings Ltd is an investment services company in China that provides online value-added and advertising services. They announced they are investigating taxes and blockchain technology.
Alibaba Group Holding Ltd.
Alibaba Cloud provides BaaS (Blockchain as a service) where the company provides businesses’ enterprise-level platform without having to manage the real infrastructure. Alibaba’s Blockchain as a Service (BaaS) supports Ant Blockchain, Hyperledger, and Quorum technologies.
Facebook a social media giant revealed a plan for Libra cryptocurrency and they plan to integrate the cryptocurrency payment to the social media platform.
For them the initial support was good. Over time they have perfected the process and now they want to focus on government-backed cryptocurrencies. Novi, a digital wallet is their other project.
IBM is also a leader in blockchain investments. They are among the companies that are investing in Blockchain. Their blockchain service allows companies to utilize Blockchain without having to worry about setting up a Blockchain network. Companies can join existing networks, create their own solutions, and create viable solutions.
Amazon has also invested a big investment in blockchain technology. They provide cloud integration for popular blockchain solutions, including Ethereum. Most importantly, they also work with ConsenSys.
In addition, they also provide Amazon Managed Blockchain, which allows companies to manage and build a large-scale blockchain network. This will allow businesses to use Hyperledger architecture and support Ethereum. They also have their data verifiable technology, Amazon QLDB.
Intel Corporation is also aware of the importance of blockchain, so it is working hard to develop blockchain technology. Therefore, Intel is currently collaborating with other business leaders, consumers, and thought leaders to improve and mature blockchain technology.
Hyperledger, Enterprise Ethereum Alliance, and R3 are the three major participants in their blockchain ecosystem.
Morgan Stanley is a US-based global investment bank and financial services company and its interest is to improve Blockchain technology. They have invested in Bitcoin futures contracts for their clients.
Microsoft is a global US origin company and is also invest in Blockchain. Like other cloud service providers, they also use Azure to provide blockchain services. They offer Azure Blockchain Services, Azure Blockchain Workbench, and Azure Blockchain Development Kit.
Samsung is a South Korean global electronics company that also wants to improve blockchain and is developing its Nexladger platform, which tracks global supply chains. So they are also investing in Blockchain technology.
Ford Motor Company
Ford is a global US-based automobile company and is investing in the blockchain because it plans to use it in the auto industry. They patented their research on blockchain traffic flow management.
Germany’s Daimler AG is one of the most successful automotive companies in the world. It is also very interested in blockchain as they have made a £ 100 corporate loan with Ethereum. They are Mercedes-Benz manufacturer and are trying their own cryptocurrency.
Toyota Motor Corp.
Toyota Motor Corporation is a global automotive manufacturer of Japan. It is another carmaker that researches blockchain and is investing in blockchain technology. They are also exploring the idea of enabling autonomous cars with blockchain payments.
Food, Supply Chain, Retail and others
Other companies that are also investing in Blockchain actively includes:
Agricultural Bank of China
Berkshire Hathaway Inc.
China Construction Bank Corporation
Industrial and Commercial Bank of China
The insurance industry is in desperate need of opportunities, and blockchain technology can play an important role in change. The main insurance companies that are investing in blockchain are:
The entertainment industry also does not hesitate to invest in blockchain. The two well-known Entertainment companies that are actively investing in Blockchain technology are:
Walt Disney Company
As we can see there are so many companies that are investing in Blockchain technology in different sectors and helping it to develop to new levels. Furthermore, Blockchain is still in its infancy and will require all the major players’ efforts to become mature.
The blockchain acceptance rate will also improve over time and we can see it in a better position in the coming years.
So what are your views about the Blockchain and the companies investing in blockchain technology?