This blockchain companies infographic demonstrates the increasing speed at which the blockchain is moving from a hyped technology to a thriving ecosystem of practical applications.
This infographic nicely lists some of the many blockchain companies that now rapidly use blockchain technology. As the portfolio of blockchain companies develop a blockchain ecosystem with develop offering new business models that will disrupt markets.
Blockchain is a distributed database that is peer to peer. Although it’s foundation have been in the formation of cryptocurrencies, the true value of its technology is only just beginning to be realised. In attempting to explain blockchain, a 2016 Wall Street Journal blog commented that the technology is now used by more than 40 top financial institutions and a growing number of companies across industries, who see the distributed ledger technology as a way to “track the ownership of assets without the need for a central authority. The benefits of this could involve faster transactions, lower costs, and less risk of fraud.
Although blockchain is still in the early phase and not yet widely adopted, it is a good idea to start paying attention to the blockchain companies on this list that represent how blockchain can be used. Blockchain technology presents a radically different way to manage trust, retain data and execute processes, serves as a foundation for transformational business applications.
The blockchain has the potential to transform existing industries like financial services and seed new ones like food provenance and personalised health. The blockchain is a rapidly evolving technology.
BLOCKCHAIN COMPANIES INFOGRAPHIC
As things go forward I will create a list of blockchain companies and a short profile of how they fit into the developing blockchain ecosystem.\\
BLOCKCHAIN COMPANIES INFOGRAPHIC – SOME PRACTICAL USES OF BLOCKCHAIN
There are many promising application areas for blockchain technology beyond financial services. Blockchains could target improved government service delivery, and private blockchains could be used to facilitate information sharing and process coordination across agencies within government.
Blockchains are a foundational horizontal platform technology that could be used in any industrial sector including agriculture, utilities, mining, manufacturing, retail, transport, tourism, education, media, healthcare, and the sharing/P2P economy.
Supply chain: tracking physical assets through changes in ownership and handling can be recorded and communicated through data stored on a blockchain. This implicitly creates provenance information for goods, and provides improved logistics visibility and supply chain quality. Key events within the supply chain could be linked to automatic payments with the use of smart contracts.
Digital rights and IP management: a blockchain can provide a trusted registry of media assets or other intellectual property, and can provide the ability to manage, delegate, or transfer access and rights information for those assets.
This blockchain companies infographic is just one of many blockchain infographics that help illustrate the importance of this revolutionary technology.