News
    Home   >     Original    >     Main body

    Research: 81% of the largest companies use blockchain

    Abstract:According to research by Blockdata, over 80% of the top 100 public companies currently use blockchain technology.
    •   According to research by Blockdata, over 80% of the top 100 public companies currently use blockchain technology.

    •   But even if we exclude companies that are only at the technology research stage from the list, there will still be 65 companies actively developing their blockchain solutions.

    •   The study also included data on the technologies companies prefer and the purpose of their use.

      Large corporations began to show interest in the technology and implement blockchain back in 2014; as of September 2021, 81 out of the 100 largest public companies are using blockchain technology.

      This list also includes companieswho are still in the research phase of blockchain technology, which means that they are now exploring all the possibilities available to determine if this technology is right for them.

       Blockchain of varying degrees of development

      However, even if we do not take into account thosecompanies that are currently in the research stage, there are still 65 companies actively developing their blockchain solutions. Blockdata has classified companies according to five levels of blockchain technology development.

      Currently 16 leading public companiesworlds are only at the stage of exploration. At this time, 14 have already started launching pilot programs, which means that they are preliminary testing the blockchain solution to see if it is suitable for their business.

      Meanwhile, blockchain solutions are currentlyare being developed in 24 companies, and in fact are in production in another 27. These 27 companies already have a blockchain-based product or service that is being used by their users / customers / business partners.

      Finally, 19 of these 100 companies were initially involved in blockchain technology, but no longer work with it or have never started developing it.

      New use cases for blockchain

      The study also included data on what technologies these companies preferred and what they used them for in the first place.

      Of the 30 researched technologies, the mostHyperledger Fabric, a distributed ledger technology (DLT), was preferred by these 100 companies. It is used by about 26% of the top 100 public companies. It is followed by ETHereum with 18% and Quorum with 11%.

      According to the study, one of the main waysthe use of blockchain technology by these companies is to provide blockchain as infrastructure. Also, with the help of this technology, companies have improved characteristics such as traceability and provenance. This happened thanks to the integration of blockchain into supply chain solutions. DLT solutions are also used in equity markets such as clearing and settlement.

      Although blockchains have a reputation for being open anddistributed, many companies have opted for more private solutions instead. Most seemed to have a preference for exclusive blockchains, which allowed them to build customized private solutions such as IBM Hyperledger Fabric and Sawtooth.

       Where is it more profitable to buy cryptocurrency? TOP-5 exchanges

      For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a RATING of the most reliable and popular cryptocurrency exchanges that support deposit and withdrawal of funds in rubles, hryvnias, dollars and euros.

      Site reliability is primarily determined bytrading volume and number of users. By all key metrics, Binance is the largest cryptocurrency exchange in the world. Binance is also the most popular cryptocurrency exchange in Russia and the CIS, since it has the largest turnover of funds and supports transfers in rubles from bank cards Visa / MasterCard and payment systems QIWI, ADVcash, Payeer.

      Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

      Rating of cryptocurrency exchanges:

    # Exchange: Website: Rating:
    1 Binance (Editor's Choice) https://binance.com 9.7
    2 Huobi https://huobi.com 7.4
    3 EXMO https://exmo.me 6.9
    4 OKEX https://OKEX.com 6.5
    5 bybit https://bybit.com 6.3

      The criteria by which the rating is set in our rating of crypto-exchanges:

    •   Work reliability - stability of access to all platform functions, including uninterrupted trading, deposit and withdrawal of funds, as well as the period of work on the market and the daily trading volume.

    •   Commissions - the size of the commission for trading operations within the site and the withdrawal of assets.

    •   Additional features and services - futures, options, staking, NFT marketplace.

    •   Feedback and support - we analyze user reviews and the quality of technical support.

    •   Convenience of the interface - we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.

    •   final grade - the average number of points for all indicators, determines the place in the rating.

    •   For more blockchain news, please download WikiBit - the Global Blockchain Regulatory Inquiry APP.