Controlling The Ledger: Eager To Avoid Obsolescence, The World's Largest Financial Firms Are Embracing Blockchain
According to International Data Corp, total corporate and government spending on blockchain should hit $2.9 billion in 2019, an increase of 89% over the previous year, and reach $12.4 billion by 2022. When PwC surveyed 600 execs last year, 84% said their companies are involved with blockchain.Forbes ' team of reporters and editors identified more than 100 big companies actively exploring blockchain through industry consortiums and other proprietary projects. Our new list features 50—with minimum revenues or valuations of $1 billion, and U.S. operations— that are currently leading the way in adapting decentralized ledgers to their operating needs.
From eliminating paperwork, to monitoring hamburger patties and speeding up insurance payments, the anti-establishment software is being welcomed in the executive suite.Ironically, the version of a blockchain future these companies are building is, for the most part, far different from what the founders and early adopters of blockchain had envisioned.
The list below identifies the distributed-ledger platform each company is using. For more details on the specific blockchain projects underway, please click on the name of the company.EDITED BY MATT SCHIFRIN AND JANET NOVACK. REPORTED BY MICHAEL DEL CASTILLO, JEFF KAUFLIN, SARAH HANSEN, KRISTIN STOLLER, ALEX KNAPP, JONATHAN PONCIANO, AMY FELDMAN KARSTEN STRAUSS, LAUREN DEBTER, RACHEL WOLFSON, DARRYN POLLACK. ILLUSTRATIONS BY TONY HEALY FOR FORBES.
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