Forbes Releases the Latest Blockchain 50 List
In a bold move, Forbes has unveiled its second annual Blockchain 50 list, highlighting companies worldwide that are not just talking the blockchain talk, but also walking the blockchain walk. Published on February 19, this year’s list features a hefty number of newcomers, including globally recognized entities like the United Nations and China Construction Bank.
Noteworthy New Entrants
The inclusion of high-profile organizations in the tech-savvy list underscores a significant shift in how industries are leveraging blockchain technology. Notable newcomers include:
- United Nations: Aiming to adapt for a digital future.
- China Construction Bank: The world’s second-largest bank by assets.
- Square: Known for its mobile payment solutions, founded by Jack Dorsey of Twitter fame.
- Russia’s National Settlement Depository: Enhancing transparency in finance.
Blockchain Beyond Bitcoin
What was once predominantly viewed as a means to facilitate cryptocurrency transactions has evolved dramatically. According to Michael del Castillo from Forbes, the technology now serves as a game-changer for major firms. He stated, “Blockchain started as a way to move bitcoin from point A to point B but is now being used to monitor and move any number of assets around the world as easily as sending an email.” Seems like sending money overseas has never sounded this easy (are you listening, your bank?).
Real Revenues and Innovations
This year’s Blockchain 50 members have notably transitioned from theoretical discussions to generating tangible revenues. For instance, Amazon has made waves with its blockchain product, Amazon Web Services, which global food giant Nestlé has used to launch a new coffee brand, aptly named Chain of Origin. It’s a not-so-subtle reminder that even coffee can now have a blockchain pedigree.
The Future Is Bright for Blockchain
As the interest from major corporations grows, so too does the recognition of blockchain as a powerful tool. The UN’s secretary-general, António Guterres, recently proclaimed that embracing blockchain technology is essential for achieving Sustainable Development Goals. Let’s face it, if blockchain can help the UN, imagine what it can do for your local coffee shop!
More to Come
To celebrate the achievements of the newest inductees, Forbes is set to host its inaugural Blockchain 50 event in March 2020. With innovations popping up regularly, it’s safe to say that this is just the beginning of Blockchain’s journey into the corporate stratosphere.
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