Sure, the cryptocurrency market has been a bit bearish in comparison to the blowup in late 2017. However, this has been the perfect time for startups to flesh out their technology. Forbes realizes this and came out with a “Blockchain Billion Dollar Babies” list to showcase the best companies working in the space.
Leading the pack
Working with crypto industry experts and analysts, the Forbes team vetted multiple different blockchain companies to find the best:
“With assistance from industry consultants and other experts, Forbes‘ team of reporters and editors identified more than 100 big companies actively exploring blockchain through industry consortiums and other proprietary projects. Our new list features 50—with minimum revenues or valuations of $1 billion, and U.S. operations— that are currently leading the way in adapting decentralized ledgers to their operating needs.”
Before getting into the list, the publication notes that many of these companies work a little differently than envisioned. That is if your vision of blockchain is that of Satoshi when the technology first launched.
Big business is here
Some of these groups are looking at blockchain for their own business usage. Others want to move their widely used services onto here. It all depends on what the market calls for and what these assets are capable of.
Comcast, for example, wants the tech to create targeted ads without violating user information. Google is working on a system for instantaneous payments. On top of this, they’ll create a platform to make it easier for people to sift through blockchain transactions.
Regardless of the use case, a blockchain company will find a way to try and incorporate it. There are still tons of applications we’ve yet to think of, as this technology is still in its infancy. But businesses like these will be the ones to make it happen.