Cryptocurrencies may be in the depths of winter, but it’s early spring for new business applications using the technology underlying bitcoin. In a few months DTCC will quietly begin the largest live implementation of blockchain, the distributed database technology made popular by the bitcoin cryptocurrency. Walmart is using blockchain technology to track shipments from its suppliers and reduce the risks of food spoilage and contamination. Rather than be disrupted by ICO-funded upstarts, global corporations are embracing the technology underlying cryptocurrencies like bitcoin because they want to speed up business processes, increase transparency and potentially save billions of dollars. For more details on the specific blockchain projects underway, please click on the name of the company.

Source: Forbes April 16, 2019 09:56 UTC