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Top 10 Largest Global Companies Investing in Blockchain

Top 10 Largest Global Companies Investing in Blockchain

Corporations are investing more and more into blockchain technology at an exponentially increasing pace.

Many large companies such as Walmart and Apple have already announced some blockchain-related news. They’re trying to improve their profit margins, efficiency, and services by using distributed ledgers based on blockchain tech. As more companies jump into the fray, it’s only a domino effect as others need to compete to maintain their industry.

Competitors become aware of blockchain protocols that save cash, eliminate jobs and divisions, and save time. Corporations may choose to assimilate existing blockchains or even create their own permission blockchains. This will only give more exposure to the crytpo industry to solve real problems.

The Global 2000 list from Forbes ranks the largest publically-traded companies from 60 countries globally. All 10 of the biggest companies in the world are investing in blockchain tech:

  1. Industrial and Commercial Bank of China (organizing company data)
  2. China Construction Bank Corporation (improve efficiency between banks and insurance companies)
  3. JP Morgan Chase (cross-border payments)
  4. Berkshire Hathaway (improve supply logistics)
  5. Agricultural Bank of China (offer unsecured loans)
  6. Bank of America (storage system to automate data verification)
  7. Wells Fargo (increase speed of cross-border payments)
  8. Apple (security)
  9. Bank of China (compress transactions)
  10. Ping An Insurance (financial markets)

We expect more companies to jump in order to compete. If one does it, everyone else has to in order to maintain their profit margins.

Been in the game for 2 years but I still consider myself a rookie. There’s way too much info out there for anyone to comprehend, so I try to get only the best news on cryptoculture and new currency that’s coming out in the world of Bitcoin and cryptocurrency. I’m here to share my thoughts on what could be the answers to many of the world’s financial issues. Contact me with tips!

Disclaimer: Our authors may hold active positions in one or multiple cryptocurrencies discussed on this news portal. Opinions expressed at AWSMO are NOT investment advice and any investment in one or more cryptocurrencies may be high-risk and extremely volatile. Please due your due diligence before making any investments in any cryptocurrency. Your investments are your own risk and you assume full responsibility for your actions.

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