Safenhaven.com, a finance media outlet, has released a list featuring the leading companies working on blockchain that are set to reshape the global economy and bring forth revolutionary trends.
IBM is included on the list, who praised blockchain for its security and transparency and subsequently launched a blockchain business in 2017 — which features 1,500 employees working on projects related to the technology.
IBM has made partnerships with industry giants to bring provide viable blockchain solutions, including shipping liner Maersk to efficiently conduct global trade, American retail company Walmart to track the food supply chain, and a consortium of gold and diamond industry leaders to trace the provenance of finished pieces of jewelry across the supply chain.
High on the list is Global Blockchain Technologies (BLOC), described as a “crypto-currency hedge fund-type entity that enables shareholders to participate in the cryptocurrency market, and also an incubator for blockchain tech.”
BLOC utilizes its impressive roster of technology experts to find applications for blockchain — making a landmark partnership with global computer solution company Hewlett Packard to transform the data storage market — allowing users to profit from excess digital storage space, expanding on the success of companies such as AirBnb and Uber in utilizing the sharing economy.
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BLOC has also gained partial ownership of KodakCoin, the world’s first corporate branded crypto currency.
Coming in close behind is the Bank of America, who currently holds more blockchain patents than any other financial firm.
One such patent is for a fully automated blockchain-based system for managing network security.
As a long-term investor in blockchain, the Bank of America has stated that it has spent more money on blockchain technology than any other worldwide bank.
Special mention is also paid to American technology company NVIDIA, who are making progress in the area of AI — recently releasing a cutting-edge hardware and software package to bring autonomous machines to the next-generation of power and operations.