Editor's Note: This article comes fromCointelegraph Chinese (ID: CointelegraphChina)Editor's Note: This article comes from
Cointelegraph Chinese (ID: CointelegraphChina)
Cointelegraph Chinese (ID: CointelegraphChina)
In 2017, shortly after Bitcoin hit an all-time high of nearly $20,000, enterprise blockchains started gaining traction. Since then, enterprise blockchains have been defined primarily as private blockchain networks used by businesses for things like supply chain management.
A lot has changed in the enterprise blockchain space since 2017. For example, 2020 has introduced many enterprise blockchain use cases employing public networks rather than private ones. The COVID-19 pandemic has also prompted many companies, large and small, to use blockchain for health verification or to revive tourism. Finally, some blockchain companies started to show interest in decentralized finance this year and took steps to advance the new field.
Below is a list of 12 companies, solutions that are making strides in the enterprise blockchain space in 2020.
secondary titleErnst & YoungErnst & Young, one of the Big Four accounting firms, has played an active role in the adoption of blockchain by enterprises. EY was one of the first firms to explore the cryptocurrency space, conducting a survey in 2016 to better understand the potential of digital assets. Since then, EY has been leading the adoption of blockchain by public enterprises.For example, EY continues to work on。
, the protocol uses the Ethereum public mainnet as a tamper-resistant state machine to record business data. In May 2019, Ernst & Young published its proposal for private transactions on the Ethereum blockchain.
IBM
Nightfall open source code
Next, EY plans to make Nightfall and zero-knowledge proofs more accessible to developers. EY blockchain leader Paul Brody previously told Cointelegraph that developers will eventually move from building decentralized applications to creating zero-knowledge applications (Zapps) using EY blockchain solutions.secondary titleBig Blue IBM's open-source blockchain for business platform is powered by Hyperledger Fabric, an important technology driving the growth of IBM's blockchain platform. For example, the IBM Food Trust network is currently being used by major food producers such as Nestle, Dole and olive oil giant CHO.The IBM Food Trust network dates back to 2016, and it was one of the first enterprise blockchain use cases when。
Walmart uses IBM blockchain to trace food that needs to be retrieved. Another important project powered by IBM Blockchain is Maersk’s TradeLens platform,Additionally, the Digital Health Pass platform uses IBM Blockchain to help provide verifiable health credentials, which has become extremely important due to the COVID-19 pandemic. In open source technology development and
Hedera Hashgraph
A cloud strategy that relies heavily on blockchain technology
On the other hand, the cooperation between IBM Blockchain and the American software company Red Hat is also very eye-catching.secondary titleThe decentralized public network Hedera Hashgraph was developed in 2016 with the goal of letting developers build applications with near real-time security. Since then, Hedera's network has gradually been owned and managed by companies as diverse as Google, IBM, and Boeing.Hedera recently released its app “SAFE HealthCheck,” demonstrating an important blockchain use case being applied to remote COVID-19 testing. The application is currentlyUsed by Arizona State UniversityThe company's enterprise blockchain solutions。
IconLoop
The Hedera consensus service is also used in other important applications, including asAn early warning system for airstrikes in Syria。
secondary titleFounded in 2016, Korean blockchain company IconLoop provides real-world blockchain applications for banking, healthcare, and government sectors. The Seoul-based company has raised more than $15 million in funding. IconLoop recently announced that the South Korean tourist destination of Jeju will use a blockchain-based decentralized identity application capable ofNotably, the Financial Services Commission recently approved IconLoop’s decentralized identity service and included it in the “Innovative Financial Services and Regulatory Sandbox.” In October, Cointelegraph reported that,
IconLoop Completes $8 Million Series A Funding
secondary titleset upWorld Economic ForumThe Global Blockchain Council of the World Economic Forumset up
It is to promote the development of blockchain technology and benefit the global public interest. As such, the World Economic Forum Council has launched a series of initiatives to use blockchain for public development. In May of this year, the Council established a series ofBlockchain Principles, to protect the rights of blockchain community members.This proof-of-concept could track mining and metals companies' greenhouse gas emissions via a blockchain network。
PayPal
. Notably, according to the World Economic Forum,BTCsecondary titlepointed outPayPal, one of the largest online payment systems in the world, has taken a keen interest in cryptocurrencies and blockchain since 2014. In 2014, PayPal announced that merchants could accept Bitcoin through its subsidiary Braintree (
) as payment method. PayPalpointed out, which is looking for a way to "understand how blockchain can be used to better serve merchants and users.". In November this year,。
Microsoft
PayPal's cryptocurrency trading and payment platform for US users goes live
secondary titleMicrosoftSoftware giant Microsoft offers blockchain services through its cloud computing platform Azure. While many companies, such as General Electric Aviation and Starbucks, use Microsoft's blockchain platform for supply chain management, Microsoft has played a larger role in the development of blockchain.Recently, Microsoft announced a partnership with Ernst & Young,Paying Xbox Game Royalty Using the Ethereum BlockchainThe app is powered by Microsoft Azure Blockchain。
Visa
. In June of this year, Microsoft joined the InterWork Alliance to help
Payments giant Visa has shown interest in blockchain and cryptocurrencies since investing in blockchain startup Chain in 2015. In October 2016, Visa announced the preview version of "Visa B2B Connect". As a Chain-driven system, Visa B2B Connect can quickly and securely process business-to-business payments around the world.BinanceandBlockFiVisa's early blockchain efforts eventually blossomed into its groundbreaking fintech efforts. For example, Visa now supports many crypto debit cards such asUSDCBinance
JPMorgan
The company has faced criticism from the U.S. Justice Department, sparking a lawsuit against Visa
secondary titleJPMorganJPMorgan Chase is the largest bank in the United States and one of the largest financial holding companies in the world. JPMorgan showed interest in the blockchain in 2017 when it joined the Enterprise Ethereum Alliance, a group of companies interested in advancing the ethereum blockchain.In 2018, the banking giant released the "Bitcoin Bible," a report that explained to investors the pros and cons of investing in cryptocurrencies. February 2019,JPMorgan Chase Announces 'JPM Coin' to Help Banks Settle Trades Quickly
, the JPM Coin followed in 2020. JP Morgan's blockchain-basedis a blockchain consortium of more than 130 banking partners, and banks joining the network use distributed ledger technology to improve compliance and reduce business processing delays.。
Baseline Protocol
While JPMorgan is clearly pro-blockchain, the firm has taken a tough stance on bitcoin over the past year, but as the bitcoin price continues to hit new all-time highs,This seems to be changing。
secondary titleLaunched in March this year as an Oasis open-source project, the Baseline Protocol provides advanced interoperability for blockchain applications. Initially started by 14 founding companies, Baseline Protocol has grown into a community of over 700 members,Sponsoring organizations supporting the project include Accenture and ConsenSys, etc.The Baseline Protocol tries toSolving Blockchain Interoperability Problems
Coca-Cola Bottlers Technology Partner CONA Services
Salesforce
Large corporations such as German software company SAP are utilizing the Baseline Protocol to synchronize and share business data among multiple participants.
The Baseline Protocol, which provides a "baseline service" with the help of enterprise blockchain companies, will eventually pave the way for enterprise DeFi. This will allow businesses to move valuable data, such as financial data contained in invoices, between different networks.secondary title。
Software giant Salesforce launched its first blockchain-based product, Salesforce Blockchain, in May 2019, a low-code blockchain platform that extends the functionality of the Salesforce customer relationship management system (CRM), which For more than 150,000 customers.Salesforce previously told Cointelegraph that its blockchain aims to connect businesses with IT teams to improve return on investment. Salesforce Blockchain is used by several companies, such as the Italian car brand Lamborghini uses the product toAuthenticating a Classic LamborghiniIn April of this year, SalesforceCooperate with IBM
Fujitsu
, bringing IBM’s blockchain-based digital health pass to the Salesforce platform.secondary titleFujitsuJapanese IT company Fujitsu has shown interest in blockchain technology as early as 2016. In 2017, the IT giant announced that itBlockchain software powered by Hyperledger is being developed
, for data processing, access and distribution. Soon after, the company announced plans toCommercialize its enterprise blockchain solution, making Fujitsu a direct competitor to IBM’s blockchain solutions.Recently, Fujitsu has shown interest in digital identity and。
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