More than 80% of the world’s 100 largest publicly traded companies currently use blockchain technology, according to a survey by market research platform Blockdata.
81 of the top 100 public companies are using blockchain technology
Blockdata included companies that are still in the research phase, meaning they are exploring options to determine which technology is best for them. But even if you disregard the companies that are only in the research phase, there are still 65 companies actively working on their blockchain solutions.
Sixteen of the world’s leading publicly traded companies are currently in the research phase. Another 14 have already launched pilot programs. Blockchain solutions are in development at 24 companies and in production at another 27. The rest of the companies on the list already have a blockchain-based product or service in use and being used by their users/clients/business partners. The remaining 19 of these companies had originally explored Blockchain technology but are no longer active or had never started using them.
Which blockchains & use cases?
The survey also looked at which blockchains were being used by the companies and for which use cases. Of the 30 technologies surveyed, Hyperledger Fabric proved to be the distributed ledger technology (DLT) most preferred by the 100 companies. About 26% of the world’s 100 largest listed companies use it, followed by Ethereum at 18% and Quorum at 11%.
According to the survey, these companies are using blockchain technology primarily by providing it as infrastructure. Companies have also integrated it into supply chain solutions to improve traceability and proof. DLT solutions are also being used in the capital markets, for example, in clearing and settlements.
The fact that 81 of the top institutions have actively worked on blockchain solutions shows how influential this new technology is. Blockdata also points out that there is too much talk about the price of cryptocurrencies and believes that there should be more focus on the blockchain technology itself instead of for example a price target for Bitcoin.