Forbes, a global media company known for prominent financial and business news has released a list of 50 companies with a minimum of $1 billion valuations or revenues that are implementing blockchain technology.
Forbes list of “Blockchain’s Billion Dollar Babies” was released on April 16.
Cryptocurrencies may be in the depths of winter, but it’s early spring for new business applications using the technology underlying bitcoin. Meet the billion dollar babies that made this year's #Blockchain50 list: https://t.co/3ct84wpM3q pic.twitter.com/ZHWRpHU8L6
— Forbes (@Forbes) April 16, 2019
Who Made the List?
Forbes’ list includes companies from a wide array of industries involved in the cryptocurrency or blockchain development space, including supply chains management firms, traditional financial firms like banks, food companies, technology companies, and more.
However, to many people’s surprise, Forbes list did not include many of the existing cryptocurrency and blockchain companies that have a significant impact on the industry. One such company not included on the list was Binance, the world’s largest cryptocurrency exchange.
The majority of companies that made the list are household names like Amazon, Walmart, Facebook, Google, Microsoft, Nestle, IBM, Intel, and more. These companies have barely begun to get their feet wet with blockchain technology, and are already getting called blockchain billionaire babies.
As for cryptocurrency-related companies included on the Forbes list, there are only 3. The US-based cryptocurrency exchange Coinbase, the blockchain-based financial services payment network and creator of the XRP token Ripple, and the European mining and hardware firm Bitfury.
What Blockchain Technologies Are These Companies Implementing?
While Forbes’ “Blockchain’s Billion Dollar Babies” list did not include a wide array of $1 billion+ blockchain and cryptocurrency companies, the mainstream companies who did make the list are experimenting with or full-on adopting some notable blockchain technology.
The Forbes list included a description of each of the 50 listed companies along with which blockchain technologies they are implementing.
The most popular blockchain protocols being implemented by these billion-dollar companies are the Ethereum network, different Hyperledger protocols, the blockchain consortium R3’s Corda protocol, as well as Ripple’s blockchain technology and XRP.
While these blockchain protocols are not directly listed in the Forbes list, they are more important and will be far more valuable than any of the companies listed.
What do you think of the Forbes list of 50 Blockchain’s Billion Dollar Babies? Which companies are not on the list but should have been? Let us know what you think in the comment section below.
