Financial news outlet Forbes has free a listing of “Blockchain’s Billion dollar Babies,” or firmsimplementing blockchain technology that have minimum revenues or valuations of $1 billion, on Gregorian calendar month sixteen.
The list includes firms within the cryptocurrency and blockchain development areas, additionally to ancient money companies like banks and clearing homes, food firms, offer chain management companies et al.
Most of the businesses listed ar social unit names like Amazon, Walmart, Facebook, ING, Mastercard, Microsoft and Nestle.
Cryptocurrency-related firms featured on the list embrace United States-based cryptocurrency exchange Coinbase, European mining and hardware firm Bitfury, and blockchain-based money services network and XRP token creator Ripple.
In addition to noting major companies that ardabbling or full-on adopting blockchain technology, the list conjointly includes that blockchain protocols ar being adopted and by whom. numerousHyperledger protocols, blockchain pool R3’s Corda protocol and therefore the Ethereum network arconspicuously featured at variety of companiesacross numerous industries.
Forbes notes the potential for blockchain technology to change numerous business method per the instance of repository Trust & Clearing firm (DTCC), that keeps records of ninety million transactions on a daily basis, or most of the world’s $48 trillion bucksin securities.
Per Forbes, the firm can begin change its fifty,000 accounts to a blockchain-based system, which is able to facilitate eliminate duplicate procedures and reconciliations that ar still susceptible to happen on ancient electronic clearing networks.
In mid-March, DTCC printed a report outlining guiding principles for the post-trade process of tokenized securities. The paper notes the distinctivecharacteristics of the emerging marketplace fortokenized securities and proposes that world policy standards for ancient markets ar typically applicable, and helpful for stakeholders to spot the legal responsibilities touching on security token platforms