With the popularity of blockchain, many companies have started using blockchain technology. And why wouldn’t they? Blockchain has the potential to bring a lot to the table. More so, you can use blockchain in different use cases such as Supply chain, Healthcare, Government, Insurance, Banking, Real estate, and many more.
Even though blockchain was initially considered suitable for the Banking sectors only, it has started disrupting other industries as well. So, now we have a lot of solutions that are in the pilot phase or already in use in the enterprise.
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Top 50 Companies Using Blockchain Technology
Are you wondering which companies are using blockchain? You don’t need to look further because we have a list of 50 companies that are using blockchain in many ways. So, let’s see what these companies are!
Bank and Finance
BBVA is one of the companies with blockchain technology using it for the banking sector. Red Electrica Corporation and BBVA recently completed a syndicated loan using this wonderful technology. Apparently, MUFG, BNP Paribas, and BBVA granted the deal of €150m. More so, the loan reached in record speed from BBVA’s blockchain platform.
At present, the company is more than optimistic about using technology for future projects as well.
Banca Intesa Sanpaolo – an Italian banking conglomerate is using blockchain technology for validating trading data. Deloitte, Eternity Wall, and the bank started to test out the technology recently. More so, they are using the OpenTimestamps protocol that uses Bitcoin to power the system.
Anyhow, the core contributor Peter Todd of Bitcoin, is behind the technology. Let’s move on to the companies with blockchain technology in the next part.
U.K.’s second-largest bank is Barclays and one of the companies with blockchain technology. In reality, they are using blockchain technology for streamlining fund transfers and KYC (Know-Your-Customer) processes. More so, they even filed for patents against these two features so, it’s easy to say that they are surely working on the technology.
The bank HSBC is planning to the blockchain-based platform by the end of March 2020. More so, they will shift from their traditional paper-based records to fully digital and decentralized Vault platform. Thus, their investors can now finally track their money in real-time. More so, it will have private features as well.
Let’s move on to the companies with blockchain technology in the next part.
Visa is one of the companies with blockchain technology that did come a long way in the niche. Previously in 2016, they introduced a blockchain platform that would deal with business-to-business payment services.
However, it took them time to make the project live. By the end of 2019, they wanted to cover 90 markets that the businesses can payments to.
Wondering how these companies are using Blockchain? Go through the Blockchain Business Strategy and get ready to start with Blockchain.
DE Beers is another one of the companies using blockchain in supply chain. To Help regulate their supply chain management system, they came up with a blockchain platform called Tracr. More so, on this platform, you can track any size of diamonds from the mining site to the retail store.
It’s actually a great way to prove that the diamonds coming from DeBeers is 100% real.
Unilever is also on the companies using blockchain in supply chain list. In reality, Unilever is currently using tech to manage its tea industry. With the help of technology, they will track all of their transactions in the supply chain.
More so, they can also track the suppliers in order to maintain the quality in every step of the way.
Walmart has been a blockchain enthusiast for a very long time. In reality, the company is using IBM’s supply chain technology – Hyperledger Fabric platform to back up their supply chain process. Moreover, they also plan to track their foods right from their farmers and offer their customers to check the provenance before they buy an item.
Anheuser Busch InBev
Anheuser Busch InBev is one of the largest brewer companies using blockchain in supply chain. Along with BanQu, they want to increase the overall transparency of their systems. Anyhow, it will actually trace and increase the transparency of their Cassava crop chain. Thus, it will also empower over 2000 farmers in Zambia.
Ford is another popular company that is using unique technology. In reality, IBM is working with them, and together they plan to track its raw materials like cobalt from the suppliers. They want to make sure that they are getting an authentic product to maintain their quality. As soon the cobalt is mined, they will get on the ledger, and Ford can track where it’s going from there.
Change Healthcare is one of the large companies using blockchain technology. In reality, they are working on Intelligent Healthcare Network™ that uses Hyperledger Fabric to power it. Anyhow, the platform will help them manage patient claims and the status of the claim in real-time. Thus, the system can easily audit, develop, and promote trust among users.
FDA is also working on healthcare solutions using blockchain technology. As a result, they are currently using Hyperledger to power a platform that would secure healthcare data. But why, though? Well, patients have very little control when it comes to their confidential information. But with this platform, they can safeguard clinical trials, genomic data, and even Electronic Medical Records (EMR).
DHL is another one of the large companies using blockchain technology. Along with Accenture, they’re working on a proof of concept that would trace pharmaceuticals from the origin point to the consumer. As a result, companies can finally get rid of any tampering or counterfeit drug issues that they face every single day.
Centers for Disease Control and Prevention
Centers for Disease Control and Prevention company is here to leverage new technologies for improving the overall health of American citizens. That’s why they’re working with IBM for developing an encrypted ledger system that would help them record all Electronic Health Records (EHR), without ever compromising any security.
Pfizer is yet another one of the large companies using blockchain technology. Biogen and Pfizer led organization Clinical Supply Blockchain Working Group (CSBWG), just completed proof of concept for tracking records and managing the digital inventory of pharmaceutical products.
In reality, the group also comes with other players such as GlaxoSmithKline, Merck, AstraZeneca, and Deloitte.
AIA Group is also one of the large companies using blockchain for insurance purposes. In reality, the company launched a project for bancassurance solutions with other partnered banks. This platform will harness the power of blockchain and help share documentations and policy data in real-time in a secure channel.
According to them, it’s one of a kind solution in the market.
Another one of the large companies using blockchain technology is MetLife. Actually, LumenLab is MetLife’s Singapore based incubator company, and they are collaborating with NTUC Income and Singapore Press Holdings (SPH) for creating Lifechain.
Using this platform, you can help your loved ones to determine if the deceased had insurance or not, and when in need, automatically it will file for an insurance claim.
Prudential Financial is one of the public companies using blockchain technology for insurance. The company plans to use the tech for ensuring there are no fraudulent activities in insurances, and all the customers get a better service and can prove their documentations without any hassle.
Anyhow, the company will work with other insurance companies as well to develop the solution. Anyhow, it’s also working on a platform that can offer buy and sell goods, tracking along with filing for insurance from the same platform.
The company American International Group or AIG is one of the public companies using blockchain technology. At present, they are partners with the International Business Machines Corp for developing a smart insurance platform. With the help of the platform, they can finally cover all the complex international insurance problems.
Aegon is also on the list of public companies using blockchain technology. Actually, they are part of the initiative B3i that uses the R3Corda platform to back up their insurance platform. Moreover, there are fourteen insurers and reinsurers in the group as well.
Anyhow, the solution is capable of handling all the workload of insurance or reinsurance processes from one place.
Read our previous blog to learn How to Implement Blockchain.
Shell is one of the energy companies using blockchain technology for the energy sector. Along with Sinochem Energy Technology Co Ltd and Macquarie, Shell is planning to use blockchain for crude oil trading.
More so, they have been exploring the tech before for oil industries. Anyhow, with the help of the platform, it’s easy to track the products along with promoting transparency and preventing fraud.
Siemens is also another company that is investing in blockchain for energy. More so, the company recently declared that they want to bring innovation to the energy sector. Anyhow, they are also planning to expand the solution to Power generation Services as well.
With this, they plan to make more sustainable energy systems.
The demand for electricity is increasing, but the supply still remains very low. As a result, it’s hard to supply power to consumers continuously. TenneT is one of the energy companies using blockchain technology. The company plans to use Hyperledger Fabric to track the usage of electricity.
It also offers a solution by using stored power to back up the demand shortage.
Abu Dhabi National Oil Company
ADNOC or Abu Dhabi National Oil Company is another addition to the energy companies using the blockchain technology list. In reality, they are using the technology to increase transparency throughout their companies and will eventually expand to supply chain management as well.
Chile’s National Energy Commission
Chile’s National Energy Commission is going to use an Ethereum based network for recording all their energy sectors data. As there are a lot of discrepancies in the energy sector, it’ll be wiser to have an immutable record that no one can alter.
However, they are more than eager to use the public Ethereum platform for this.
Mizuho is on the big companies using the blockchain technology list for the Trade sector. In reality, the bank completed its very first trade finance transaction with higher accuracy. According to them, they didn’t face any issues sharing confidential data and documents on the platform with other parties.
Anyhow, they plan to continue using the platform in the future as well.
ANZ is one of the big companies using blockchain technology as well. Along with the other 6 members, the company formed a consortium for the trade sectors. Anyhow, the Hong Kong Monetary Authority is leading the project so far, and the goal is to process every single document and make them digital. More so, the platform also plans to get rid of any duplicated data and provide only one true data for any document.
Scotiabank is using Alphapoint’s platform for the trade sector. Although they already send out trial trading documents to test how the platform works. At present, they are still continuing, so it’s safe to say the project did a good job. The project will help you to digitize your assets, manage trading paperwork, and many more.
SEB is also in the trading niche with blockchain. More so, they are using CGI’s Trade360 platform for handling all of their regulations and transactions. The best part is that the platform is fully capable of handling the financial aspects of trading and offers a robust architecture as well.
People’s Bank of China
People’s Bank of China is looking for blockchain solutions for the sake of the trade business. Anyhow, the platform they are working on will have an ecosystem where companies can engage in cross-border trading at ease in the Hong Kong, Macau bay Area, and Guangdong at ease.
Along with IBM, Maersk is working with blockchain technology to streamline their supply chain management. But to do that, they are using blockchain-based IoT systems to get transparency in the platform. Using IoT devices, every single process will be online and connected to the platform. So, it’ll be easy to track their conditions.
Another cool example in the IoT blockchain sector is the commonwealth bank. They are using the distributed ledger to get rid of two major issues global trade and sharing assets. Anyhow, IoT integrating into the blockchain system helps them track all the processes of global trading in real-time.
Let’s check out who is using blockchain in the next part!
Van Dorp is also using the tech for the IoT sector. In reality, they are collaborating with Timeseries to start a smart home project where every smart home device will be connected to the blockchain platform.
As blockchain is secured, the smart home devices would have full security while communicating with each other.
Smart Electric Power Alliance
Another awesome solution in the IoT industry is the project SEPA is working on. Using IoT devices and blockchain, they plan to secure the power grinds and offer clean energy for education, research, and many more. Basically, as the IoT devices are vulnerable, they are using the technology to secure it.
This IoT based project is for the healthcare sector as well. MediLedger’s solution includes many pharmaceuticals companies, along with wholesalers as well. Among them, McKesson, AmerisourceBergen, and Pfizer stand out the most. As the IoT devices will track the products, they are coupling it with blockchain to offer high security.
Let’s check out who is using blockchain in the next part!
Also Check: Practical Use Cases of Blockchain
Blockchain is taking over the travel industry as well. Singapore Airlines is already using the technology to offer loyalty-based offers for their customers. Anyhow, they are using KrisPay to offer promotions for their loyal customers. So, the customers can sign up for the program and download their app from the play store.
UAE’s National Airline
The national airline of UAE, Etihad Airways, is partners with Winding Tree. Winding Tree is actually a travel platform that offers various features and uses distributed ledger technology to power the system.
Anyhow, the airline wants to use the platform to explore opportunities that can increase their customer reach and make Abu Dhabi an exotic destination.
Lufthansa Industry Solutions is one of the major players in the travel industry. And to harness the true potential of blockchain, they started the initiative Blockchain for Aviation (BC4A). Here, they are planning to include participants such as aircraft manufacturers, logistics providers, MRO service providers, software developers, and many more.
Let’s move onto the next company in this what companies are using blockchain technology guide.
Delta Airlines is far behind in the race of blockchain. Recently, they stated that they are working on blockchain technology backed chatbots that can offer consumers the benefits they want. More so, using this chatbot, the company can free up their customer service agents and focus more on high-end issues of their customers.
British Airways is working with the startup VChain to streamline their security checkup processes. In reality, security checkup processes take a lot of time and resources. Sometimes it can even delay flights, which is a big hassle for both the Airlines and the customers.
Thus, using the tech, they can ensure a faster output.
Let’s move onto the next company in this what companies are using blockchain technology guide.
Read Now: What is a Private Blockchain?
Brookfield Asset Management
It’s one of the big companies using blockchain technology. Brookfield Asset Management is one of the very well-known companies in the world. In reality, they have more interest in blockchain and plans to integrate it as a part of their systems. Using the tech, they plan to reduce transaction costs and automate contacts.
Link REIT, Hongkong
Allinfra and Link REIT, Hongkong is partnering up for working in a blockchain project for the real estate sectors. Basically, they will work on the pilot project to check out how blockchain can help the real estate sector. Anyhow, they plan to introduce a sustainable infrastructure backed by blockchain.
JLL is another one of the big companies using blockchain technology. They are currently using it in Spanish commercial real estate valuation. According to them, they can use this tool in construction and financing the real estate sector and even sell and rent properties. Mainly the initiative came from JLL Japan.
Westfield is using blockchain for real estate bank guarantees. It’s mainly for the people who are leaseholders in the retail markets. Anyhow, Westfield’s live project will last eight-week, and they will determine if the technology works for them or not. However, they are more than optimistic that it will help them to issue commercial leases easily.
Another one of the big companies using blockchain technology is Coldwell Banker. At present, they are an active client of the company Propy. Basically, Coldwell is using the platform to list sellers and agents, along with offering transactions as well. More so, with this platform, they can secure all their transactions and contracts without any issues.
Not aware about the different types of Blockchain Technology? Here’s a complete guide on the Types of Blockchain.
Government of Dubai
The government of Dubai is aiming for the first-ever smart city in the world by 2021. For that, they formed the Smart Dubai governmental office and working with a series of technology companies to streamline their smart city’s future plan. And to do that, they are also using blockchain as well.
More so, they already have few sectors using the tech and plans to include it in other sectors as well.
Seoul Metropolitan Government
The Seoul Metropolitan Government is going to establish its blockchain-based administrative system. More so, along with the project, the residents of the city will have S-coin that they can use for public services. Additionally, they can also redeem these coins for rewards as well. They can also pay taxes and participate in public opinions through the platform.
Lantmäteriet is Sweden’s land registry authority, and it is now working with banks and businesses for a blockchain pilot project. According to them, purchasing a property is very time consuming, and with blockchain, it can save resources and time both. More so, all the documents would be in digital formats leaving no paper trails.
Uganda National Drug Authority
Uganda National Drug Authority is working with MediConnect to deal with their country’s counterfeit drug problems. According to them, the project will track all the drugs from the pharmaceutical companies to ensure that no one can steal or replace them with fake ones.
Monetary Authority of Singapore
Monetary Authority of Singapore is leading a blockchain-based project that offers payments in different currencies across the same network. Working with Temasek and J.P. Morgan, the MAS plans to improve the overall cost efficiencies of business throughout the country. At present, they are still testing it out for industrial applications.
Also Check Blockchain Technology Presentation and have a detailed overview of the Blockchain Technology
Blockchain is truly a disruptive force that no one can tame. It’s already disrupting a lot of industries, and soon, it will disrupt every single marketplace in the world. At present, the companies using blockchain technology are actually securing their place in the changing ecosystem.
In reality, it’s evident that companies still face a higher issue if they avoid investing in the tech. So, if you haven’t adopted a blockchain solution for your enterprise till now, it’s high time you looked into the blockchain.
If you are a beginner and planning to start a career in blockchain, there are many opportunities for you in the industry. So, enroll in the Free Enterprise Blockchain Fundamentals Course and lay the foundation for a bright career!