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82% of the Fortune 100 have explored Blockchain, here are the details!

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Fortune 100

While the FOMO continues in the bearish crypto landscape at the time of this writing, a Blockchain revolution is quietly sweeping over the business landscape. Over 82% of the Fortune 100 companies have either implemented, invested or at least explored the use case of Blockchain in their businesses.

Yes 82%.

In this article, we will show you the list of things that Fortune 100 companies are working on with links to the information that show what specifically these companies are working on in the blockchain space.

Financial industry seems to be at the center of the Blockchain adoption raking 18% followed by Energy and Technology sectors both of which take up 15%.  Automobile, Insurance, Telecom and Healthcare industries are following the suit.

Fortune 100

Below you will find the complete list of these 82 out of Fortune 100 companies that have poked Blockchain in one form or another.  All information is source linked for you to verify and read at your leisure.

1. Walmart

Walmart is implementing blockchain for its food businesses.

2. State Grid

The State Grid Corporation of India is using blockchain technolgy to impove data sharing.

5. Royal Dutch Shell

Royal Dutch says Blockchain will revolutionize and disrupt oil industry to trillion Dollar Industry.

6. Toyota Motor

Toyota seeks blockchain technology in developing Self Driving Cars.

7. Volkswagen

Volkswagen implements and backs Blockchain technology to drive the automobile industry to a new level.

8. BP

BP, formerly known as British petroleum has announced that they will be partnering with blockchain startups which are running ICO’s and also have already tested the tokens internally.

9. Exxon Mobil

Big names in Oil Industry are looking forward to blockchain patents, as they see the potential.

10. Berkshire Hathaway

Warren Buffett’s Berkshire Hathway is planning to utilise blockchain technology for shipping freights.

11. Apple

Apple’s Co founder is considering to implement blockchain technology.

12. Samsung Electronics

Samsung looks into blockchain to track their worldwide shipments and also believes it might reduce the costs.

13. Mckesson

Mckesson implementing blockchain and forecast a better future for healthcare IT solutions with blockchain.

14. Glencore

World’s largest producers of Cobalt are considering the implementation of blockchain technology, but its not being confirmed yet.

15. United Health Group

On April 2 2018 United health group has confirmed its usage of blockchain, to maintain and keep the date up to date.

16. Daimler

Daimler and Landesbank Baden-Württemberg(LBBW) together have successfully tested and using blockchain technology.

18. Amazon.com

Amazon web services teams up with ethereum blockchain to make it easier for its customers with a service called Kaleido.

20. AT&T

AT&T, One of the leading telecom industries of United States gets awarded a patent for a server fueled by Blockchain.

21. General Motors

General Motors along with other leaidng automobile manufacturers are deploying Blockchain technology.

22. Ford Motor

Ford Motor along with other leaidng automobile manufacturers are deploying Blockchain technology.

24. Hon Hai Precision Industry/ FOXCONN

Foxconn’s Venture capital has joined a 7 Million Dollar Series A round in aCambridge Blockchain startup.

25. AmerisourceBergen

AmerisourceBergen and Merck & Co to extend their usage of blockchain technology to track the geneuinity of medicines.

26. Industrial and Commercial Bank of China

Yi Huiman, The Chairman of Industrial and Commercial Bank of China has announced that their focus is now on using blockchain technology.

27. AXA

Leading Insurance giant is making plans to offer insurance using blockchain with Fizzy.

29. Ping An Insurance

Leading Insurance company groups, has let out a ‘white paper on smart cities’ support blockchain and AI technologies.

30. Honda Motor

Along with other giant Automakers have presented many innovative new technologies at the auto expo’s and Blackchain as been the prominent technology displayed by most.

31. China Construction Bank

IBM along with China Construction Bank(Asia) in Hong Kong are working on a Bankassurance (Bank+Insurance) Blockchain Project to improve the data transmission and Speed.

32. Trafigura Group

IBM, Naxatis and Trafigura implement blockchain solution for US crude oil businesses.

34. Cardinal Health

Potential and usage of Blockchain is beyond bitcoin and can improve the security of Pharma, according to Cardinal Health.

35. Costco

Food companies such as Nestle, Walmart and Costco are working with IBM on a Blockchain to safeguard global food supply network.

36. SAIC Motor

SAIC motors in collaborations with Link-up, a tech firm exploring Blockchain technology.

37. Verizon

“Increasingly, our enterprise customers want to effectively leverage blockchain to meet the security demands from their customers. They are looking for proven, reliable solutions and Verizon is recognized as a market leader in managed security services. Combining our security expertise with Guardtime’s blockchain platform offers customers an advanced solution.”
Alex Schlager, executive director security services, Verizon Enterprise Solutions.

38. Allianz

Oliver Volk, a blockchain expert at Allianz’s said: “Yes, we are thinking about a kind of Allianz token whereby money coming in will be converted to a token,” he told CoinDesk.

39. Kroger

Kroger, Wlamart and many other food supply chains are working with IBM on Blackchain Platform for food safety.

40. Agricultural Bank of China

Agricultural Bank of China is testing blockchain to provide Land-Backed Loans.

41. General Electric

According to them, Blockchain is beyond just bitcoin and has a huge potential to enhance wherever applicable.

42. China Life Insurance

Ms Yang Xiaoyuan, General Manager, Shenzhen Service Center, China Life Insurance (Overseas) Company Limited, commented, “Blockchain is a cutting-edge financial technology, which enables decentralization, transparency and immutability.

44. BNP Paribas

The bank successfully processed payments using blockchain technology.

46. Bank of China

Bank of China’s CIO, Liu Qiuwan, announced that they are increasing their investments into Blockchain, IoT and FinTechn space.

47. JP Morgan Chase & Co.

Apart from applying for patents (like other financial institutions) JP Morgan has taken the game up a notch by offering a Blockchain platform specifically to serve Financial industry.

48. Fannie Mae

Fannie Mae is rumored to be exploring the possibilities of bringing Blockchain capabilities to its mortgage business.

49. Gazprom

In an update posted earlier this year Gazprom disclosed that “BLOCKCHAIN AND INTERNET-OF-THINGS (IOT) TECHNOLOGIES BEING SUCCESSFULLY TESTED IN LOGISTICS AT GAZPROM NEFT”.

50. Prudential

In a press release Prudential announced that “Prudential and StarHub to launch blockchain-based digital trade platform to support growth aspirations of SMEs”.

51. BMW Group

BMW piloted a project to track mileage of their leased vehicles using Blockchain technology.

52. Alphabet

Bloomberg reported that Google (owned by Alphabet) was working on its own Blockchain related project.

53. China Mobile Communications

China Mobile became one of the 3 major telecom companies to join the Trusted Blockchain consortium.

54. Nissan Motor

Nissan’s Global CIO joined Loyakk’s Blockchain project as an advisor.

55. Nippon Telegraph & Telephone

Nippon applied for a patent to store new contract agreements on Blockchain to avoid them from being tampered with.

57. Home Depot

Home Depot is among the sponsors of Microsoft Blockchain for Supply Chain initiative at Auburn University.

59. Assicurazioni Generali

Generali is among the insurance companies that have come together to form a startup called B3I to explore the benefits of Blockchain for insurance industry.

60. Bank of America Corp.

Bank of America had filed for over 43 patents in the Blockchain & Cryptocurrency space as of January 2018.

62. Wells Fargo

Wells Fargo is among the Banking giants to make the run to file for patents related to blockchain and tokenization.

63. Lukoil

Lukoil became one of the first energy companies to accept Bitcoin (back in 2015).

64. Boeing

Boeing disclosed its plan to develop blockchain enabled unmanned vehicles.

65. Siemens

“Siemens’ investment in LO3 represents our acknowledgement of the future potential of blockchain technology as an enabler of local energy market places,” says Ralf Christian, CEO Siemens Energy Management.

68. Carrefour

Carrefour became launched Europe’s first food blockchain.

69. Nestle

Nestle joined the Food Trust (IBM initiative of supply chain management to help track food from farm to table) to help tracking and traceability in their supply chain.

70. Anthem

“doc.ai Partners with Anthem to Introduce Groundbreaking, End-to-End Data Trial Powered by Artificial Intelligence on the Blockchain” reads news headlines.

71. Microsoft

Microsoft has been working diligently in the Blockchain space. Their Azure platform is quite an household name in the Blockchain industry.

72. Huawei Investment & Holding

Huawei launched their Cloud services on Blockchain. They even have a dedicated page that shows various service offerings connected to Blockchain on their site.

73. Petrobras

“Petrobas is conducting a study and designing scenarios for the [Blockchain] technology’s implementation” reads their official disclosure that was made in April 2018.

75. Bosch Group

Early in 2018, Bosch confirmed investment in IoTA (Internet of Things) project and disclosed their plans to explore Blockchain solutions.

76. Citigroup

In May of 2017 Citi announced that “Nasdaq and Citi Announce Pioneering Blockchain and Global Banking Integration”.

77. Banco Santander

“Santander becomes first UK bank to introduce blockchain technology for international payments with the launch of a new app” reads their site.

78. Hyundai Motor

While other companies are thinking about utilizing Blockchain, Hyundai beat them all by taking it to next level – they had their own Initial Coin Offering and issued HDAC Tokens which will be used on Hyundai’s own HDAC Blockchain.

79. Hitachi

“Hitachi has been developing unique additional functions for financial institutions, leveraging our past experience in building financial core systems along with expertise gained from research into technologies such as security and distributed data processing technologies” reads their blockchain section.

80. Comcast

Comcast believes that future will see world with multiple blockchain technologies serving different industries and needs. It has invested 3.3 million dollars of seed money in Blockdaemon, a NYC based startup.

81. Deutsche Telekom

“I’m convinced that the blockchain isn‘t hype. It’s a potentially revolutionary technology. It creates an incorruptible, decentralized ledger that automatically verifies and monitors identities, contracts and transactions.” says François Fleutiaux, member of the T-Systems Board of Management.

82. Credit Agricole

Crédit Agricole experimenting with Ripple blockchain money transfer technology.

83. ENEI

“The blockchain, even in its most common form (payment systems), could have an impact on Enel in the future considering that it has over 60 million customers and every day it is engaged in trading on the commodities market” according to the article on their company’s website.

84. SK Holdings

South Korean Telco SK Telecom will adopt blockchain into subscriptions and payments from consumers.

85. Softbank Group

SoftBank, Synchronoss and TBCASoft partner on a Proof of Concept for an RCS and blockchain-based mobile payments service.

88. Uniper

Uniper expects that Blockchain will help Energy companies immensely.

89. ENI

“The mechanism behind Bitcoins and other cryptocurrencies will revolutionize the distribution and access to energy. Eni is on the front line…” read the title of an interesting article on their site.

90. HSBC Holdings

HSBC succesfully executed a transaction on R3 Corda’s blockchain platform.

91. China Communications Construction

“Xiongan, in partnership with a subsidiary of state-owned China Communications Construction Company, has launched a blockchain network for small businesses to raise capital, where business owners and other relevant parties can track project completion and money flow in an efficient and transparent manner” reads the news article.

92. IBM

IBM wants to be at the forefront of Blockchain revolution, it is bringing HyperLedger to businesses. It has already succesfully implemented Food Trust with Walmart and has a solid team to support companies that are looking to implement Hyperledger.

93. Dell Technologies.

Blockchain will not make sense for most use cases but for financial and health industries this could be a game changer, that was the essence of Dell CTO John Roese’s message.

94. Electricite De France

EDF is looking to bring the efficiencies of Blockchain to its business. It was also among the companies that joined Blockchain Energy Consortium along with Shell.

95. State Farm Insurance Cos.

State Farm is among the other insurance giants that is working with Plug and Play Insurance to leverage Blockchain’s capabilities to the insurance business.

97. Sony

Sony has applied for a patent to store digital files on Blockchain platforms called Distributed Rights Management (DRM) that could potentially disrupt industries making use of data such as movies, games, audio, academic data, etc., essentially disruption of all industries.

98. Sinochem Group

Sinochem Group has succesfully utilized Blockchain in its gasoline export.

100. Johnson & Johnson

Johnson & Johnson has had an positive outlook relating to emerging technologies. JLabs has had their eye on multiple new technology frontiers including blockchain.

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Why this bull run has no precedence? ONE key metric to rule them all

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bull run 2020

Everyone is singing the praises for the bulls’ arrival in the crypto space.

Some say that 2020 will mark the biggest bull run in cryptos’, albeit short, history.  

We are already in October so we doubt any fireworks will take place now since there is a lot of uncertainty about the US elections.

Add the uncertainty around the stimulus bills, unemployment trends, soon to be lifted forbearances and the list goes on.

2020 still has another 2.5 months to go but most of these uncertainties will take a while to show their true impact.

For instance, what will a Biden presidency mean for the economy and cryptos?  

How many people will be forced to sell their homes once the forbearance’s are lifted?

What happens if the next stimulus bill does not pass through?

When will the vaccine become available?

These are some of the unique situations that we have no precedence for. Do not let anyone convince you that we know what’s going to unfold, because no one does.

Yes, everyone has theories, like the ones we are presenting here, but that is all they are: theories.

The BIGGEST metric that crypto community is not considering

We are no economists nor can we run any fancy charts to impress a point on you.  

We are just good observers and have common sense to deduce a few things based on data.  

For instance, between 2007 and 2010 consumer spending dropped by an overall .2% and we know what that meant for the economy.

Personal consumption expenditure

In 2020, people have literally cut down on their spending.  Some of it is forced due to the restrictions imposed by external forces and most of it is self imposed.

I am sure the spending on marijuana, liquor and food have gone up but what about other spending?

2020 also saw a spike in the savings balances.  

Economy is not stimulated by people hoarding their money. People need to exchange value for the economy to thrive.

What happens to the spending behaviors when the true stats around evictions, lost jobs (that are not coming back) and small businesses that are shutting down permanently are out?

Our guess is that people are going to be weary of spending money in the short to medium term. If we were forced to pick a timeline – we would say about 12-16 months (assuming we get a vaccine in Q1 2021).

When is the next bull run? 

Based on what we have seen in 2007 through 2010 and observing the consumer spending habits in recent times, we think that Bitcoin (and cryptos) will not find their true peak until next halving.

We know this is not what you came to hear.  

If the bull run in your mind is hitting the 2017 highs then we do not think you have to wait until the next bull run.

If the bull run means a $100,000 bitcoin then we stand by our opinion on when that is going to be.

A case for bull run

In spite of what is going on in the street, following factors are acting as strong bull market signals for the crypto space. 

Hype: Crypto space (specifically Bitcoin) has been gathering a lot of steam in terms of brand awareness and mass penetration.  This is great for the long game.

Adoption: More than ever, private and public enterprises are becoming serious about bitcoin and underlying blockchain technology.  What is good for bitcoin is good for blockchain and vice-versa.  MicroStrategy investment, Paul Tudor Jones getting involved with bitcoin are some examples.

Tech explosion: Crypto space is home to some of the brilliant minds in the tech space. Add Big Techs interest in the crypto space and you have a perfect recipe for monumental shifts in crypto perception. Tech giants like Microsoft, Google, Twitter, Facebook are all getting involved with blockchain and cryptocurrencies in some shape or form.

Retail demand: More and more retail investors are looking for alternative investments and they are waiting on the sidelines to get involved with Bitcoin.  As soon as companies like Fidelity or other brands offer crypto investment through retirement plans – there would be a massive influx into this space.

DeFi: DeFi in its current state might be infested with shittty projects but as a concept and technological shift to turn the current banking system upside down – it holds great potential. Any demand to DeFi brings more demand to bitcoin, ethereum and blockchain in general.

Conclusion

The debate around when is the next bull run will hinge on how the market recovers from this pandemic. How soon will we get the vaccine and how many of the lost small businesses and jobs are we going to resurrect?

From a macro perspective, Bitcoin and few select cryptocurrencies will continue their upward trajectory so if you looked back to 2020 five years from now, you might think bitcoin was on sale.  

Question is: how many people have that kind of patience?

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

Top 5 Cryptocurrencies 2020

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

 

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CryptoSpace

Is Cryptocurrency driven by fundamentals or hype?

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Fundamentals or Hype

During the early 2000s India experienced a massive real estate bubble. With a lot of western companies opening their outsourcing centers in India, the land prices shot up 2x, 5x, 10x, and even 100x.

You read that right. 

Have you heard about 100x in Real Estate?

To be sure, the demand was exponentially growing in the major cities like Bangalore, Hyderabad, etc., which were quickly turning into back offices for the many western companies.

The hype in these cities was somewhat justified.

However, here is the kicker.  Many remote places which did not directly benefit from this influx of foreign direct investment started seeing their prices go up in similar fashion.

In a crazy case of trickle effect and super-hype created by the real estate agents, properties were just trading from one party to another for unbelievable markups and the prices constantly went up.

Today, that massive bubble is still intact minus the crazy multipliers.

The reason we like the comparison of what happened in Indian Real Estate market to the crypto is that a genuine need in a specific space has been exploited to translate that hype onto anything tagged with the name. 

In India that hype tag was ‘land’ and in crypto that hype tag could mean anything from ICOs to DeFi.

Ask any crypto enthusiast they will make you believe that crypto is all about fundamentals.  However, anyone who has spent even a few months in the space quickly realizes that crypto prices don’t follow fundamentals.  

This is one place where Crypto space shares its similarities with the stock market as well.

Stock market is completely distanced from the economy and it too acts irrationally, that is, when people are losing jobs and businesses are shutting down permanently, the stock market rallies higher and higher.

Similarly, crypto space, to its own detriment, is ignoring the projects that have amazing fundamentals while pumping other projects solely based on the hype.

Long term vs. Short term

Hype is short lived. Fundamentals are a long game.

That is why we emphasize that anyone interested in the crypto space does their own research in finding the projects that meet their fundamental criteria.

Once you know that a project has fundamentals (team that can execute, problem worth solving, solution that can solve, market demand, etc.,) then you just ignore the FOMO and FUD.

This will help you sleep better and use your spare time and energy in quality endeavors like taking care of yourself or spending time with family, etc.,

If you get on the hype train – it will be difficult to catch the right wave and this constant lookout for the next big thing is going to rob you of all the peace.

And, if you find yourself on the right side of the wave – you will be decimated and drowned.

DeFi defies all common sense

That is what happened with a lot of people who tried to ‘time’ the DeFi market.  

Don’t get us wrong. Many people made a ton of money (and good for them).  However, remember, crypto at this point of its evolution is a zero sum game.  That means, for everyone who made a million someone lost that million.

Unless you got on a project quite early keeping your risk level low or you have some insider information (not to mention this being illegal), you can generally not ‘time’ the market.

Many veteran traders have lost their shirts in chasing the market.

Conclusion: does this mean I should stay away from DeFi?

We cannot tell you that.  That is something you got to decide for yourself.

By market cap, Yearn Finance is considered one of the top DeFi projects. It lost over 67% in less than a month.   

Personally, if the top most project is still trying to find the ground while other projects are losing 99% of their value in a matter of a day, that means one thing:  the space needs time to mature.

We will continue to learn about DeFi. We will continue to invest what we can afford to lose when we find the right project that meets our fundamentals criteria.

That is our strategy at the moment. You have to find a strategy that suits you.

While crypto space is riding on the hype at the moment, we continue to believe in fundamentals.

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

Top 5 Cryptocurrencies 2020

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

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CryptoSpace

Will India Ban Cryptocurrency Trading?

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Cryptocurrrency Ban India

India keeps playing with the emotions of the crypto community in India with constant back and forth of change in rules.

First it was a complete ban of crypto transactions. RBI forbids banks from serving any clients that deal in cryptocurrencies. Thanks to the Supreme court decision, RBI had to back off.

Now, there is a renewed effort to place a ban on crypto again.  

Is Crypto Ban a good thing for India’s financial future?

No, Cryptocurrency is here to stay according to many financial investors and billionaires. As nations prepare for a hyper-inflation cycle to sweep the world, Cryptocurrency can act as a hedge in addition to gold and silver.

If the government is concerned about illegal activities with cryptos then they can relax because most crimes happen in fiat cash transactions, not crypto which is traceable.

Crypto traders generally are not the ones that take part in illicit trades.  It is those who introduce illegal ICOs and OTC trades.

How about regulations?

Instead of banning crypto trades, how about bringing clear regulations to provide a framework for the crypto trading.

Such a framework should include stricter guidelines for ICOs and OTC trades.  

Crypto exchanges can relay the trading information directly to the tax authorities (instead of needing to be subpoenaed) so that there is transparency.

Will India Ban Cryptocurrency Trading?

That depends on whether India wants to be in the ranks of the United States, Switzerland, South Korea, etc., or if it wants to be counted among China, Russia and North Korea.

The United States, South Korea and Switzerland (along with other countries) are doing everything to stay ahead in the blockchain and crypto race.

Other countries we stated above are working to stomp on the innovation. 

A better question is: Can India ban cryptocurrency trading?  

The answer is NO.  

To ban cryptocurrency trading – India will have to shut down the internet.  

In the event of an actual law that bans Indians from participating in the cryptocurrency trading, the only people that will be impacted by those are the ‘honest’ citizens because the crooked ones will still find ways to trade using VPN or alias names.

For a country that wants to be at the forefront of technological revolution a ban would be a very backward decision.

We urge the Indian government to NOT punish the honest citizens by introducing a ban.  Rather, introduce a sensible legal framework for everyone to operate in.

This will bring more businesses to India and take India’s platforms to the world.

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

Top 5 Cryptocurrencies 2020

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

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