6 Massive Organizations that Have Implemented the Blockchain
By: Crypto Influence
Tags: Blockchain, ICO, Decentralization, Ethereum, Bitcoin

Cryptocurrencies have been cast into the center of the public limelight over the past year or so. Despite the many challenges the digital monies face — volatility, government regulation, etc. — currencies like Bitcoin, Ether, and many others continue to experience explosive yet erratic growth.

Many industry experts are confident that the current hardships are nothing more than the typical barriers any new form of technology faces; especially one that stands to revolutionize business ecosystems.

Blockchain technology — the foundation of many cryptocurrencies — has come under far less scrutiny than the currencies it enables. As this tech holds possibly even greater potential to transform business interactions than cryptocurrencies do, major corporations have taken notice and started to implement the digital leger into their organizational framework.

Believe it or not, some of the world’s biggest brands have adopted blockchain technology and are putting the tech to use in diverse ways.

Here are 6 massive companies that have implemented blockchain technology.

#1: Microsoft

As the blockchain revolution unfolds, a new breed of developers is born. These individuals are bringing fresh, new ideas to the table on how to implement the blockchain and cryptocurrencies to bolster business operations and generate innovative new creations.

For these developers to succeed in their callings, they need the right tools and management systems that will allow them to thrive.

Microsoft is one of the businesses filling this void.

The tech giant recently launched a new division of their organization, dubbed Microsoft Azure, which is a SaaS platform that supplies creators with a sandbox for generating decentralized applications. Microsoft is also providing developers with blockchain-enabled solutions for machine learning, AI, and big data analytics to enhance information management systems.

The company also offers cloud services and storage space. By putting these tools out into the world, Microsoft is helping brands and developers obtain the tools they need to take advantage of the blockchain’s potential.

#2: IBM

Sticking with technological powerhouses, IBM is also integrating blockchain technology into its already robust stack. The corporation seeks to expand the blockchain’s implementation in the business ecosystem through providing companies with guided, step-by-step processes for creating their own blockchain, assisting with education on the new technology, and helping to identify the most prosperous uses for its implementation for each unique platform.

Through leveraging the open-source Hyperledger from the Linux Foundation, IBM is enabling businesses across the globe to create their own distributed ledgers and smart contract protocols. This is done through various workshops that aid in developing innovative new use cases and supplying the elements needed to bring these ideas to fruition.

IBM’s platform is enabling brands to boost business development, enhance management productivity, and deploy AI and smart contracts to fortify business efficiency.

#3: UPS

Back in November, UPS joined the Blockchain in Trucking Alliance, seeking to create a higher level of transparency in supply chains. The alliance’s aim is to create blockchain standards for their industry. In a press release on the matter, UPS stated:

“In the future, blockchain standards and intercompany collaboration will support the logistics strategies that enable UPS customers to participate in global trade and finance. . .”

#4: FedEx

One of UPS’s top rivals, FedEx, is determined to evolve right alongside its competition. In February, FedEx also joined the Blockchain in Trucking Alliance. FedEx has since enacted a blockchain-based pilot program that helps to resolve customer issues and complications.

As of now, FedEx is using the program (partially) to help separate wheat from chaff in terms of what information should be stored in its blockchain system to most effectively alleviate consumer-focused issues.

#5: Wal-Mart

Moving on to retail behemoths, Wal-Mart has implemented a blockchain system as a measure to revamp the company’s management processes and data tracking protocols.

Ahead of most in their industry, Wal-Mart partnered with IBM back in 2016 to advance the performance and transparency of meat, poultry, fruit, and other food-related product tracking.

With the company’s new system, blockchain technology now enables Wal-Mart to track information at every step of the process; utilizing QR code scanning the retailer can now track products from farmers to distributors and everywhere in-between.

The reason for the implementation (aside from constant technological advancement) was the result of Salmonella outbreaks within the brand’s supply chain. Because of the systems the company had in place, it took Wal-Mart months to sort the issue out.

With its newly adopted blockchain-powered system, such complications could potentially be resolved within a matter of minutes through its AI enhancements.

#6: Amazon

Amazon, another one of the world’s top retailers, recently made its move into the world of blockchain technology.

Amazon Web Services — an arm of the company that provides cloud services such as data storage, content delivery, hosting options, etc. — has recently added a new “blockchain-as-a-service” (BaaS) option to its already powerful portfolio.

Launched earlier this month under the moniker AWS Blockchain Templates, Amazon seeks to compete directly with the blockchain products offered by IBM and Oracle.

Through this new service, individuals and business can rapidly establish Ethereum or Hyperledger Fabric compatible blockchain networks. AWS Templates, like the offerings of IBM, enable businesses to generate their own decentralized network, smart contracts, DApps, and other systems that are necessary for smooth and efficient blockchain-based transactions.

Like traditional software-as-a-service business models, Amazon is offering its SaaS assistance on a pay-as-you-go basis, only charging users for the resources they utilize. This opens up blockchain capabilities to a much wider audience that might normally be unable to accommodate the costs.

Blockchain technology is all about innovation and transformation. Businesses like BOOSTO that seek to be on the cutting-edge of tomorrow are taking advantage of those principles by implementing blockchain capabilities to stay ahead of the game.

These organizations recognize what we already know: That blockchain will be an industry standard in just a few years. By enforcing such forward-thinking initiatives, these industry leaders are likely to retain their mantles well into the blockchain-powered future.