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These 6 gigantic companies are now relying on the blockchain



Blockchain technology made a big leap in 2021. More and more global corporations are relying on the blockchain and are driving up the value of crypto currencies. These 6 companies are now relying more and more on the blockchain.

1. Visa

The world's largest payment service provider Visa has recognized the potential of the technology to revolutionize digital payment activities. In the future, Visa will allow payments with the stablecoin USD coin. Visa continues to use the US dollar as its key currency. A collaboration with the company Anchorage, the first cryptocurrency bank in the USA, is intended to promote the processing of payments via the blockchain.

2. Siemens

One of the largest and most renowned German companies has also recognized the potential of the blockchain technologist. In the future, the energy sector should have a blockchain-based platform that will make transactions and trading possible. This is intended to increase trust and transparency. In addition, the origin of the energy should be traceable. 

3. Microsoft 

In the summer, the software company presented the results of the development for a decentralized identification system (DID). Microsoft wants to protect property rights to its own digital identities. Microsoft is working with the ION project , which uses the Bitcoin blockchain. With the DIDs, a network of nodes in the Internet is to be developed. The project aims to reduce the dependency on central service providers such as Google, Apple and Facebook.

4. Allianz 

Another German company is discovering blockchain technology for itself. Insurance giant Allianz is currently developing a blockchain-based ecosystem. This should make international payments easier and customers better served across borders. At the moment the system is still in the experimental phase.

5. Amazon

One of the largest companies in the world is now also using the blockchain. A three-digit number of products and services are available in the cloud on Amazon AWS. AWS provides an accounting database that helps design and manage fully scalable blockchain networks. 

Companies that rely on blockchain - 6. Walmart

The food sector is not spared from the blockchain either. The American company Walmart wants to use the blockchain to improve fruit and vegetable supply chains. With the help of the technology, the company wants to improve transparency in the chain of cultivation, purchase and sale to the end consumer and counteract the threat of perishability.

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