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Forbes: 50 Billion-Dollar Companies Investing On Blockchain

April 18, 2019

Forbes, the influential US-based business magazine, has published a “Blockchain 50 List”, which names 50 biggest companies embracing the blockchain technology. The majority of the companies listed plan to use blockchain and distributed-ledger technology (DLT) for their own purposes.

The requirements were set at a minimum $1 billion of revenues or valuations, in addition to the company operating in the US. In total, Forbes’ research team identified more than 100 big companies “actively exploring blockchain through industry consortiums and other proprietary projects,” while fifty found their way onto the list.

Out of the 50 companies found on the list, as many as 33 are based in the US. The Germany-based companies, such as financial services company Allianz SE, enterprise software solutions provider SAP SE, and electronics giant Siemens were also named on the list.

Notable is also the presence of financial and banking services providers, such as Spanish BBVA and Santander; French BNP Paribas; Swiss UBS, Dutch ING; and US’ CitiGroup, Signature Bank, Nasdaq, JP Morgan Chase, Mastercard, and Visa.

Hyperledger fabric, an open-source collaborative effort created to advance cross-industry blockchain technologies, and Ethereum are the two most common DLT platforms used by the listed companies, while Corda and Quorum also deserve to be mentioned.

Last month, Newconomy covered publishing of KPMG’s 2019 Technology Industry Innovation Survey. The survey notes that 41% of respondents say their company will implement blockchain technology in the next three years while 48% say they expect blockchain technology will change the way they do business in the next three years.

Two months ago, Forbes published the “Fintech 50 2019” list, where, in total, six crypto and blockchain companies were named e.g. DLT-powered services provider Axoni; a diversified blockchain company Bitfury; blockchain-powered finance company Circle; major cryptocurrency exchanges and wallets Coinbase and Gemini, as well as blockchain-based payment services provider Ripple.

About Crypterium

Crypterium is one of the most promising fintech companies, according to KPMG and H2Ventures. We are building a mobile app that meets the banking needs of the digital assets era.

Our goal is clear: with Crypterium, whatever you can do with traditional money you will able to do with digital assets. This idea is supported, among others, by the co-founder of TechCrunch Keith Teare and over 400,000 registered users, and the number is growing by day.

The team is led by former General Manager of Visa Central & Eastern Europe Steven Parker, and C-level executives from global financial institutions, like Renaissance Insurance, London Derivatives Exchange, American Express etc.

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