As the world continues to become increasingly digital, it was only a matter of time before it spread to the very currency in our wallets. Just over a decade since the advent of Bitcoin, blockchain (the very foundation of cryptocurrency) has very much cemented itself as an industry in itself.
Here, we take a look at 5 of the biggest players in the cryptocurrency market, and the blockchain system they use as ranked by Forbes.
This list featured in the August issue of Interface Magazine – you can read the full issue now!
Arguably one of the biggest companies in the world, driven by a vision to “create a better world full of richer digital experiences, through innovative technology and products”.
Naturally, Samsung has turned its attention to blockchain and works with the Nexledger platform. Available for enterprises all over the world, Nexledger enables enterprise companies to track their transactions with greater speed and efficiency at scale.
One use case for Nexledger is a Digital Payment System, utilising blockchain to support various types of payments in an increasingly cashless world.
In early 2019, the payments giant Visa announced the global launch of its Visa B2B Connect network, a platform designed to transform B2B payments for the digital age.
Developed in response to the growing complexity of payments between financial institutions and their corporate clients, Visa B2B Connect uses blockchain technology architecture that allows payments to be made in a simple, flexible and safe way. Visa B2B Connect will look to cover more than 90 markets by the end of 2019.
The platform will facilitate transactions from the bank of origin directly to the beneficiary bank, creating a unique digital identity formed of banking details and account numbers that can be used to facilitate transactions on the network.
Visa B2B Connect’s digital identity feature has been said that it will “transform the way information is exchanged in business-to-business cross-border transactions”.
Known for its database and cloud software, Oracle also has its own blockchain software in the Oracle Blockchain Platform.
Described as a “comprehensive distributed ledger cloud platform”, Oracle allows its customers to reliably share data and conduct trusted transactions with suppliers, banks and other trade partners.
The Oracle Blockchain Platform is the only enterprise-grade managed blockchain service with 99.95% SLA with enhanced security and through built-in identity management, it allows rapid provisioning and simplified management of blockchain networks to reduce costs and setup time from weeks to minutes.
In the global logistics industry, tracking shipment and cargo is its bread and butter and so blockchain solutions naturally lend themselves to this space.
Through a partnership between Maersk and IBM, TradeLens was born. TradeLens is an open and neutral industry platform, powered by blockchain, to track shipments in real time, improve and encrypt data sharing for over 10 million shipping events every week.
The TradeLens ecosystem is a treasure trove of some of the biggest organisations the world over, with more than 100 companies including carriers, ports, terminal operators, 3PLs and freight forwarders. These contribute to one of the most powerful supply chain blockchain ecosystems in the world.
In a world of cashless transactions and data sharing, the mobile phone is the obvious vessel for blockchain deployment. Dubbed as the phone that could “change the internet as we know it”, the HTC Exodus was announced in early 2019.
With a secluded area kept separate from the Android operating system, the blockchain-powered phone is the first mobile phone that can only be bought with cryptocurrency.
Users will have access to Zion, HTC’s very own cryptocurrency wallet. Running decentralized applications and programs that operate on the blockchain technology; HTC Exodus will represent a “new era” of secure data storage and transactions.