Public Firms Investing Big In Blockchain
Blockchain innovation has more than a way to attain its exposure. Outside buying over-the-counter products or investing directly in blockchain startups some of the largest public companies in the world are already dabbling in the tech. The fact is, taking a closer look at this year’s Forbes Global 2000 list of the largest public companies in the world shows that the top ten of the largest public companies in the world exploring blockchain are really investing and have all made their own mark on technology first inspired by bitcoin.
Ping An Insurance Company [B01FLR]
Location: China Sales: $141.62 billion
Blockchain Play : this insurance giant works with other insurance firms to explore blockchain. In its addition of being a member of distributed ledger group, R3.
Bank of China Ltd. [B15456]
Location: China Sales: $118.15 billion
Blockchain Play : The Chinese bank has partnered with tech giant Tencent to test financial applications of blockchain technology, according to a CoinDesk report, and has filed a number of related patents.
Apple Inc. [AAPL]
Location: United States Sales: $247.53 billion
Blockchain Play : The computer giant has filed a patent for using blockchain technology to timestamp data.
Wells Fargo & Company [WFC]
Location: United States Sales: $102.06 billion
Blockchain Play : As part of being an early member of distributed ledger consortium R3, this bank is helping build a simpler way to track securitized home mortgages.
Bank of America [BAC]
Location: United States Sales: $102.98 billion
Blockchain Play : One of the most prolific patenters of blockchain technology. The banking institution is working to automate the process of creating letters of credit using the ethereum blockchain.
Agricultural Bank of China [B60LZR]
Sales: $129.34 billion
Blockchain Play : The state-owned bank is working on a decentralized network to offer unsecured agricultural loans to e-commerce merchants.
Berkshire Hathaway Inc. [BRK.B]
Location: United States Sales: $235.16 billion
Blockchain Play : Berkshire subsidiary BNSF railroad and fine jewelry subsidiary Richline Group are exploring
blockchain to streamline their supply chains.
JPMorgan Chase & Co. [JPM]
Location: United States Sales: $118.18 billion
Blockchain Play : Since contributing blockchain platform Quorum to the open-source community a number of developers have expressed interest, including
information giant IHS Markit.
China Construction Bank Corporation [B0LMTQ]
Location: China Sales: 143.2 billion
Blockchain Play : CCB is using the IBM Blockchain platform to streamline the way banks and insurance companies jointly sell some of their financial products.
Industrial and Commercial Bank of China [B1G1QD]
Location: China Sales: $165 billion
Blockchain Play : A patent filed by ICBC labels a way to use blockchain technology to confirm digital certificates instead of a trusted central authority.
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