Blockchain Events in Top 500 Companies 1

In 2019, there will be a large number of companies exploring the world of encryption. We will see more enterprise-level DLT technology developments and scenario applications.

In 2019, there will be a large number of companies exploring the world of encryption. We will see more enterprise-level DLT technology developments and scenario applications.

The appeal of enterprise-class DLT (Distributed Ledger Technology) is that it can achieve unprecedented collaboration opportunities within large organizations as well as cross-company collaboration.

In the middle of 2018, Fortune published the top 500 companies in the world. Based on the list data, we can find the latest trends in the world’s largest companies. At the same time, research that goes deep into the action level can reveal changes in the attitude of large business groups to blockchain.

1 Walmart

Country: United States

Sales: $500.3 billion

Blockchain Action: Walmart announces that starting in September 2019, fresh green leafy vegetable suppliers will use distributed ledger technology by IBM to achieve real-time, end-to-end traceability of their products. More than 100 supplier companies are required to use this blockchain technology under license.

2 State Grid Corporation of China

Sales: $348.9 billion

Country: China

Blockchain Action: State Grid announced in April 2018 a patent application filed with the National Intellectual Property Office of China on “the power management and control methods and devices for blockchain”. On January 25, 2019, the first self-developed blockchain application platform of State Grid was launched in Zhejiang Province.

3 Sinopec Group

Sales: $326.9 billion

Country: China

Blockchain Action: On December 2017, the first crude oil blockchain import trading pilot was completed. In April 2018, the export trading trial of blockchain application was completed. It is expected that blockchain technology can be applied to key players in the bulk commodity trading process.

4 China National Petroleum Corporation

Sales: $326 billion

Country: China

Blockchain Action: In July 2018, gasoline transportation was completed through blockchain technology to record transactions.

5 Royal Dutch Shell Plc

Sales: $311.8 billion

Country: Netherlands

Blockchain Action: Vakt, a blockchain platform created by Shell and BP, was launched in November 2018 to help oil giants and trading companies significantly reduce costs.

6 Toyota Motor

Sales: $265.1 billion

Country: Japan

Blockchain Action: In October 2016, Toyota joined the R3 Alliance to track Toyota auto parts using blockchain technology. In October 2018, Toyota used blockchain technology to reduce digital advertising fraud.

7 Volkswagen

Sales: $260 billion

Country: Germany

Blockchain Action: In July 2018, Volkswagen applied for a patent that allowed vehicles to communicate with each other via the blockchain network. Volkswagen will use a distributed vehicle report to wind up the vehicle’s driving data, thereby preventing owners or other platforms from tampering with mileage records.

8 British Petroleum Corporation

Sales: $244.5 billion

Country: United Kingdom

Blockchain Action: Vakt, a blockchain platform created with Shell, was launched in November 2018, using blockchains to fully automate energy trading processes.

9 ExxonMobil

Sales: $244.3 billion

Country: United States

Blockchain Action: It Joined the Blockchain Institute in September 2018 and purchased world’s first commercial quantum computer of IBM in 2019 Consumer Electronics Show.

10 BERKSHIRE HATHAWAY INC.

Sales: $242.1 billion

Country: United States

Blockchain Action: The founder of the company, Buffett predicted in January 2018 that the cryptocurrency would die. In early January 2019, he said,“the blockchain is important, but Bitcoin does not have any unique value. Bitcoin is essentially an illusion.”

11 Apple Inc.

Sales: $229.2 billion

Country: United States

Blockchain Action: In December 2017, Apple Inc. filed a patent application with the US Patent and Trademark Office to create and validate timestamps using blockchain. The submission to the US Securities Commission on February 15, 2019 documents Apple’s participation in the Responsible Minerals Initiative (RMI) blockchain guidelines.

12 Samsung Electronics

Sales: $211.9 billion

Country: South Korea

Blockchain Action: In April 2018, Samsung Electronics studied the use of blockchain accounting systems to track its shipments. In December 2018, Samsung submitted three trademark applications related to the blockchain. In February 2019, the Samsung Galaxy S10 series mobile phone was released with hardware wallet function.

13 McKesson Corporation

Sales: $208.3 billion

Country: United States

Blockchain Action: In December 2018, pharmaceutical wholesaler McKesson acquired blockchain health technology company PokitDok, which built a blockchain-based technology to make health care transactions safer and faster.

14 Glencore

Sales: $205.4 billion

Country: Switzerland

Blockchain Action: In February 2018, Glencore, the world’s largest cobalt producer, declined to comment on the use of blockchain.

15 UnitedHealth Group

Sales: $201.1 billion

Country: United States

Blockchain Action: In April 2018, the US healthcare giant began collaborating with other companies to use blockchain technology to record medical data to improve data accuracy and simplify management.

16 Daimler AG

Sales: $185.2 billion

Country: Germany

Blockchain Action: In February 2018, automaker Daimler AG launched a ?100 million corporate bond as part of a blockchain pilot project to reward drivers for environmentally friendly driving habits. In February 2019, Mercedes-Benz developed a platform based on blockchain designed to increase the transparency and sustainability of complex supply chains.

17 CVS Health Corporation

Sales: $184.7 billion

Country: United States

Blockchain Action: In January 2019, Aetna, a unit of CVS Health Insurance, created the blockchain network designed to reduce the cost of the medical industry, allowing affiliated insurance, drug companies to share databases for processing claims and pay and maintain a healthy directory.

18 Amazon

Sales: $177.8 billion

Country: United States

Blockchain Action: In May 2014, e-commerce giant Amazon used digital currency as a payment for cloud computing services on Amazon Web Services (AWS) and obtained some related patents.

In April 2018, Amazon launched a blockchain template to help Amazon fight fakes.

In November 2018, Amazon announced two blockchain services: Quantum Book Data and Amazon Management Blockchain to support blockchain network transactions.

In February 2019, Amazon and MasterCard and Accenture launches a “cyclic supply chain” that allows consumers to make more sustainable choices when purchasing goods. Consumers can also tip producers and directly encourage producers. All processes are implemented through digital identity management and blockchain technology.

19 EXOR Group

Sales: $161.6 billion

Country: Italy / Netherlands

Blockchain Action: EXOR is a top investment company controlled by the Italian Agnelli family. There is insufficient information to show that it is involved in blockchain technology.

20 AT&T

Sales: $160.5 billion

Country: United States

Blockchain Action: In April 2016, US telecommunications giant AT&T filed a patent for a home subscriber server created using blockchain technology.

In September 2018, a blockchain solution was introduced to bring additional transparency and accountability to its complex supply chain.

UU Finance Review:

1 Among the top 20 companies in the world rankings, more attempt on blockchain technology is open company, such as automotive, retail, and consumer electronics. The power of energy and healthcare companies is more likely to be deployed in blockchain from their IT upgrade.

2 Minerals and investment giants are arrogant about new technologies simply due to their large financial capacity to acquire/harvest others.

3 Top companies’ testing of blockchain technology is basically concentrated in 2018, and is generally used in the relationship structure of its internal industry chain. We expect to see more top large enterprises enter the blockchain world in 2019.

Article is in serial.

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