Blockchain technology continues to revolutionize the economic and financial world, where every day is adopted by large corporations, organizations and people because of the diversity of functions that it favors, creating security, decentralization, and trust in its followers. The most emblematic examples of the described are described below.
Microsoft has identified the power of the block chain and its potential for disruptive applications in the world of business. It is looking to build platforms on which companies can grow their blockchain applications, such as the Confidential Consortium (Coco). Framework, a protocol based on Ethereum, which falls within Microsoft Azure, the company’s cloud computing arm. They have also announced that they are studying plans to integrate decentralized IDs (DIDs) based on blocks in their Microsoft Authenticator application.
Amazon: is already in battle with IBM and Oracle with its own offer “Blockchain-as-a-service”. The framework of the blockchain for Ethereum and Hyperledger Fabric, which allows users to create and manage their own decentralized applications powered by the blockchain, is being developed in different ways by all three. Essentially, users could create their own Blockchain applications through the Amazon Web Services CloudFormation Templates (AWS) tool to avoid the slow manual configuration of their Blockchain network.
Oracle: the second largest software company in the world, has also recently introduced blockchain products, and will release them in the next two months. Once again, it was a similar cloud service built on the Hyperledger Fabric open source project like Microsoft, and similar to IBM’s blockchain service, announced a year ago.
Samsung: revealed that it will use the block chain to manage its global supply chain The Spanish banking group BBVA became the first global bank to issue a loan in a chain of blocks, and use cases continue to grow around the world.
Facebook: sees the value of the block chain so much that it moved around its executive team to put the former president of PayPal in blockchain projects
Steve Chiavarone, Vice President of the financial services company Federated Investors, and Portfolio Manager of Federated Investors, in an interview on CNBC classified “Blockchain among the five key technologies that will drive this next industrial revolution, along with automation, robotics, the AI and the Internet of things (IoT).
Bank of Americe has begun to take an interest in the block chain and are investing heavily. He affirmed that “any company with a supply chain can benefit from this [chain of blocks].”
IBM: The American multinational technology giant has partnered with Global Citizen, an NGO dedicated to alleviating poverty, to sponsor a charitable donation platform contest using Blockchain. The aim of the IBM and Global Citizen contest is to create an incentive for the creation of a block chain platform that can be applied to the follow-up of philanthropic commitments from their receipt to their eventual use.
House of Representatives of the United States met to discuss the potential benefits of implementing blockchain technology in supply chain management. The technology could be used in various fields, from the United States Customs and Border Protection to cybersecurity.
Lady Monika Bacardi, of the Bacardi rum empire, made an investment valued at $ 100 million in a social entertainment platform driven by Blockchain, according to an announcement from the company shared today with Cointelegraph, “the platform, called TaTaTu, reinforces [its] position optimistic about the promise of Blockchain technology and cryptocurrency. “TaTaTu proposes to incentivize viewers to use their platform, which is a hybrid of a video-on-demand service (VOD) and a social networking site, by rewarding them with cryptography tokens to consume and contribute content. Tokens also allow advertisers to pay for advertising on the platform.
The news site ZDnet, in its spokesman for the Australian Department of the Interior (DHA) said that “Intelligence and the capacity for risk assessment and revenue collection are improved by new and emerging technologies, such as Blockchain, which would improve the veracity , validation and analysis of business intelligence and data. “The government of Australia is considering a framework that governs emerging technologies such as Blockchain in order to transform trade
Wenn Digital, the developer of an image rights platform based on a block chain licensed by Kodak, announced that it plans to attract up to 50 million dollars in a combined offer of public and private tokens, Reuters reported. Wenn Digital has developed a platform for image protection, monetization and distribution protected through the block chain called KODAKOne, which is designed to protect the copyright of images or photographs registered in the platform.
Rob van Gijzel, ambassador of the Dutch Blockchain Coalition, presented a national Blockchain research agenda, commissioned by the Dutch Ministry of Economic Affairs and Climate Policy. The Ministry created a designated unit, ‘TopTeam ICT’, responsible for investigating the further development of Blockchain through technology, legal issues, economic impact and ethics. The research agenda describes the three key areas, proposed as design reports, which it intends to address in order for Blockchain to be adopted at the national level with a positive social potential. The agenda points to the governance of Blockchain, in terms of managing the evolution of technology and the emergence of infrastructure and Blockchain services.
New corporations continue to adopt the Blockchain technology due to its centralized control over different aspects of the market. In such a way, that many organizations are forced to stay at the forefront using the blockchain technology, since it has become clear that this is the future, that although the Blockchain is intrinsically linked to cryptocurrencies, it also has many applications for other sectors. These applications are being explored and evaluated. The future is now and now is the Blockchain technology.
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