Many global technology companies have long seen how blockchain is going to transform their respective industries. These companies have made it a priority over the past years to start formulating and building a blockchain solution.
We’ve outlined below a few examples around how over recent months some payment and technology companies have come public around there blockchain plans.
Western Union
- Piloting Ripple’s XRP token in their money transfer operations
MoneyGram
- Piloting Ripple’s XRP token in their money transfer operations
American Express
- Partnered with Ripple to facilitate business-to-business cross-border payments on blockchain
Visa
- Developed and launched B2B Connect, a cross-border payments on blockchain
Mastercard
- Developed and launched their own blockchain for business-to-bussiness payments
- Filed a patent for storing identity data on the blockchain
- Moved one of their executives to a new team, focused exclusively on blockchain
– Rumours are they are creating their own token
Amazon
- Launched Blockchain Templates to make it easier for developers to launch projects on the Ethereum and Hyperledger protocols
Microsoft
- Created Azure Blockchain Workbench, a set of tools for developers of distributed ledger technology
IBM
- Launched a variety of blockchain products for tracking everything from diamonds to fruit
- Walmart is using IBM’s blockchain software to track their food supply chain
Oracle
- Launching suite of enterprise-grade blockchain products
- Already working with Banco de Chile to record interbank payments on blockchain
We expect to see more global technology brands begin to focus on integrating blockchain into their platforms and products.
