Top Public Companies Are Betting Big on Blockchain Technology

Top Public Companies Are Betting Big on Blockchain Technology

Blockchain technology has become so widespread that businesses can no longer ignore it; some have already begun to take the lead in integrating it into their businesses. Big companies worldwide are making big bets on the market right now, and according to a new report, a good chunk of the top 100 countries in the world are already using blockchain technology.

Top Companies Using Blockchain Technology

The 100 largest countries in the world have a combined market capitalization of trillions of dollars. They range from tech giants to social media giants. But one thing these companies have in common is that they can use new technologies to advance their business. The Block data report has shown that many of these top companies have jumped on the block with blockchain technology—some parts of its operations.

Of course, technology companies were at the forefront of this integration, but media and telecom companies were just a little behind too. The three sectors accounted for 36% of the top companies using blockchain.

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The consumer and retail sectors, along with basic materials and industrials, followed closely at 20% each. Next came the financial sector, which saw an 11% increase in usage. Energy and utilities accounted for 9%, while healthcare accounted for just 2%. Companies like Meta, Mastercard, Visa, etc., have been leaders in various integrations. Meta had introduced a feature that allowed users to post NFTs on its Facebook and Instagram platforms. It is also designing an open-ended metaverse.

Cryptocurrency payments have become even more popular as Mastercard and Visa have announced several partnerships to help users pay with their cryptocurrencies. For example, users can spend their cryptocurrency balances on the exchange using their Visa cards. Although blockchain technology is the most well-known among payment companies, they have also shown good use cases in supply chain management, identity verification, and many others. Although numerous governments worldwide are trying to regulate space, companies must incorporate it.

According to the report, 86 of the top 100 companies actively seek to integrate blockchain-related solutions for their needs, while 44 have been using blockchain technology since 2021.

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