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Blockchain use-cases are emerging quickly. From my first example, almost a year ago until now many new developments have taken place. #Blockchain #technology provides the immutable record of transactions almost immediately. Other benefits of continuous audits, real-time monitoring and less time-intensive reconciliation of accounting data will disrupt the accounting and auditing industry. With Security Token Offerings (STO) more potential applications emerge. The possibility to tokenize equity, commodities (i.e.. Oil, Gold, Cannabis), Commercial Real Estate (land and properties), open up new ways of growth-financing to SMEs, MNCs and listed companies. At the same time tokenization allows fractional sales of these assets to a broader audience, it enables a new liquidity to investments, all at very low fees.
Industrial and Commercial Bank of China filed patents using Blockchain technology to verify digital certificates instead of a trusted central authority
#Facebook is developing a Cryptocurrency for WhatsApp transfers
Bank of America is working to automate the process of creating letters of credit
#Apple filed a patent for Blockchain technology to timestamp data
Royal Dutch Shell is working with #BP to create an energy commodities platform
#Toyota Motor Corp is exploring how Blockchain could secure self- driving cars
#Samsung Electronics announced “Nexledger” platform for tracking global supply chains
#Oracle’s BaaS offerings are allowing businesses to make proof of concepts (POCs) with DLTs
#Goldman Sachs is reportedly setting up a cryptocurrency trading desk in New York that will be running by the end of June 2018
Mining Giant #BHP Billiton will use Blockchain to record the movements of wellbore rock and fluid samples, and better secure real-time data
#Maersk partnered with Blockchain-Startup Guard Time, which worked with #Microsoft and EY, to launch a marine insurance Blockchain platform
Swiss bank #UBS is leading a pilot that aims to automate regulatory requirements for the MiFID II/MiFIR rules through Blockchain
#Walmart, #Kroger, #Nestle, and #Unilever, partnered with #IBM to use Blockchain to improve food safety through enhanced supply chain tracking
The #UN’s Climate Change Coalition is researching how distributed ledger technology (DLT) could improve its climate change initiatives
#Alibaba’s Zhong An is leveraging Blockchain to process and store patient data in a secure manner for over 100 hospitals across China
Brazil’s Ministry of Planning, Budget, and Management is piloting a blockchain identity application using uPort, a self-sovereign ID platform
Spanish bank #Santander launched an app called One Pay FX that uses distributed ledger technology to allow customers to send international money
#IBM is using the Stellar Blockchain protocol to help financial institutions clear and settle international payments in seconds
#Nasdaq and #Citi are using blockchain technology to automate payment processing
JPMorgan Coin - #JPMorgan Chase introducing their own cryptocurrency to facilitate inter-bank and cross-border transactions
#Amazon Web Services has partnered with Kaleido to offer a full-stack blockchain enterprise platform on the cloud that integrates blockchain services with AWS services
#Baidu manages intellectual property rights of images on the Blockchain
SP Group, a major company providing electricity and gas in Singapore, has opened a blockchain-powered marketplace for renewable energy
#Google is developing a distributed ledger to allow third parties to send and verify transactions, and plans to provide a full-stack blockchain service for developers that companies can run on their own servers
#Tencent and #Huawei are leading a blockchain consortium of over 100 different Chinese companies called Fisco, which is launching it’s own blockchain that focuses on fast transactions while providing “observatory” nodes for government regulators and auditors
Ant Financial, the parent company of Chinese payment service #Alipay, partnered with Standard Chartered, launched a blockchain- based remittance service that enables real-time money transfer between Hong Kong and the Philippines
#Cisco is creating its own permissioned, enterprise blockchain
German insurance giant #Allianz confirmed that it’s testing a token for moving money between its global affiliates to mitigate currency conversion costs and other inefficiencies between the units
#Pfizer and #Roche has participated in a Blockchain pilot to track who touched what drug at what time
You can now send BTC tips over Bitcoin Lightning Network on #Twitter
Smart money sees the potential, we see it, and you should explore it...