Enterprise blockchain is an area I have covered since 2012, so when Forbes editors told me they were interested in creating a first ever Blockchain 50 list and that I would be tasked with leading our coverage I was eager to take on the project. The list and the reporting below represent the collective work of a dozen reporters and editors and well as advice from consulting firms and other experts in this budding field. We limited our search to companies that had a minimum valuation or sales of $1 billion and those with U.S. operations. I urge you to read the accompanying full feature story “Blockchain Goes To Work” as well as some of our other related coverage found here.
The Blockchain 50 – Edited by Matt Schifrin and Janet Novack. Reported By Michael Del Castillo, Jeff Kauflin, Sarah Hansen, Kristin Stoller, Alex Knapp, Jonathan Ponciano, Amy Feldman Karsten Strauss, Lauren Debter, Rachel Wolfson, Darryn Pollack.
Allianz SE, Munich, Ge
The insurance giant has been testing blockchain for a variety of products. For example, a joint venture that sells flight-delay insurance has used a smart contract that initiates a claim as soon as a flight is delayed by a set period of time. The customer gets a notification on his smartphone, enters his bank account details and payment is made.
Hyperledger Fabric, Corda
Key leader: Robert Crozier, head of Allianz’s Global Blockchain Centre of Competence
Amazon Web Services offers blockchain tools to help companies that want to use distributed ledger technology but don’t want to develop it themselves. It’s a clever way to maintain its dominance in cloud computing, Amazon’s most profitable business line, with a 2018 operating profit of $7.3 billion. Cloud clients using its tools include Change Healthcare, which helps manage payments among hospitals, insurers and patients; Guardian Life Insurance; HR software provider Workday; and securities clearinghouse DTCC.
Blockchain platforms: Hyperledger Fabric, Ethereum (later in 2019)
Key leader: Rahul Pathak, general manager of Amazon Managed Blockchain at AWS
Anheuser-Busch InBen, Leuven, Belgium
The brewing giant is involved in a pilot program in the San Francisco Bay Area where consumers upload their driver’s license information to a blockchain and can then buy beer at a vending machine simply by scanning their phone. In Africa, the world’s fastest-growing beer market, AB InBev has a partnership with BanQu that uses blockchain to provide pricing info and payments to farmers lacking bank accounts. That could make it possible for the company to work faster, and with more farmers, to ramp up its African operations.
Blockchain platforms: Ethereum, Corda
Key leader: Tassilo Festetics, VP of global solutions
Ant Financial, Hangzhou, China
Fintech power Ant Financial has developed a proprietary blockchain that is used, among other things, to keep tabs on the products sold on a marketplace run by Alibaba, a part owner of Ant. For example, customers can trace a diamond’s sourcing back to a trading center in Antwerp and see grading, cutting and polishing records. Separately, in June 2018, Ant’s payment app, Alipay (with a billion-plus users worldwide), launched a blockchain-based service offering money transfers directly between people in Hong Kong and the Philippines that can be completed in just seconds.
Blockchain platforms: Ant Blockchain
Key leader: Geoff Jiang, VP of Ant Financial
BBVA, Bilbao, Spain
Last November, Spain’s second-largest bank announced its first blockchain-based syndicated loan, a $170 million deal for Red Eléctrica Corporación, Spain’s electrical grid operator. With nearly $5 trillion in loans being syndicated worldwide each year, the transparency, security and efficiency of blockchain could make a big difference.
Blockchain platforms: Hyperledger Fabric, Corda, public Ethereum
Key leader: Carlos Kuchkovsky, CTO, new digital business
While $500 million (revenues) Bitfury is still best known for selling hardware for bitcoin mining, it is now also building blockchain services for enterprise customers. In 2017, it launched the Exonum blockchain, designed specifically to make it easier for enterprises to use the bitcoin blockchain. One early customer, the Republic of Georgia, is using Exonum to record and transfer land ownership.
Key leadership: Valery Vavilov, CEO and cofounder
BNP Paribas, Paris
When Rio Tinto sells iron ore to Cargill, the food giant doesn’t pay right away; instead it presents a bank’s letter of credit. BNP Paribas is trying to move letters of credit from paper to a secure distributed ledger. In November 2018 Paribas worked with HSBC Singapore to complete the first fully digitized letter-of-credit transaction. Commodities finance dates back to 4,000 B.C. Sumer, and old-line banks like France’s BNP Paribas dominate. Maintaining a digital edge in this business is a matter of survival.
Blockchain platforms: Corda, Hyperledger Fabric, Ethereum
Key leader: Jacques Levet, head of transaction banking for Europe, Middle East and Africa
BP plc, London
Like BNP Paribas, BP is investing in blockchain technology to improve the efficiency of commodities trade finance. It’s a founding member of Vakt, a blockchain platform that aims to digitize parts of energy trading that remain slow, such as contracts and invoicing. So far, BP has invested more than $20 million in blockchain projects.
Blockchain platforms: Ethereum, Cardano, Quorum
Key leader: Julian Gray, technology director, Digital Innovation Organization
Broadridge, New York City
This little-known ADP spinoff controls 80% of the U.S. proxy-voting and shareholder-communications business. Broadridge has a team working to move its core proxy-voting services to a distributed ledger, allowing stockholders to cast their own votes on corporate resolutions and directors in real time—without going through the custodial banks that hold the shares. Broadridge is an investor, alongside banks such as BNP and Citi, in Digital Asset Holdings, which played a key role in the development of private blockchain ledgers.
Blockchain platforms: Hyperledger Fabric, DAML, Quorum
Key leader: Michael Tae, head of strategy
Bumble Bee Foods, San Diego
Thanks to help from developers at SAP, Bumble Bee is using a blockchain to provide complete transparency to its tuna supply chain all the way from the pole-and-line-catch fishermen sailing the South Pacific to grocery stores in the United States. Given current concerns about food safety and sustainability, instilling confidence in its albacore product is paramount. Moreover, the entire tuna industry has been targeted by environmental activists for killing dolphins. The company that can demonstrate provenance of its catch could demand a premium price.
Blockchain platform: Multichain
Key leader: Tony Costa, CIO
Cargill, Wayzata, Minnesota
The agricultural giant that popularized high-fructose corn syrup began testing Intel’s Hyperledger Sawtooth before Thanksgiving 2017 to track turkeys through its supply chain as they made their way from farm to supermarket. Cargill has committed a team of engineers to work with Intel and enterprise blockchain startup Bitwise to help build Hyperledger Grid, which will track food back to its source—a crucial step in this day of food-contamination scares. By getting in on the ground floor with this Grid, Cargill could be in a position to sell its expertise to other suppliers.
Blockchain platforms: Hyperledger Sawtooth, Hyperledger Grid
Key leader: Keith Narr, VP, Cargill Digital Labs
Ciox Health, Alpharetta, Ga
As the biggest manager of medical records in the U.S. (its software is used to securely transfer records between healthcare providers), Ciox figures the blockchain could cut paperwork redundancies, reduce medical mistakes and provide it a new source of subscription income. It has established a team to evaluate which blockchain platform to build on.
Blockchain platform: Ethereum
Key leader: Florian Quarre, chief digital officer
Citigroup, New York City
The bank has invested in a half-dozen startups (Digital Asset Holdings, Axoni, SETL, Cobalt DL, R3 and Symbiont) developing blockchains and distributed ledgers for applications such as securities settlement, credit derivative swaps and insurance payments. Last year, Citi partnered with Barclays and software infrastructure provider CLS to launch LedgerConnect, an app store where companies can shop for blockchain tools.
Blockchain platform: Ethereum
Key leader: Puneet Singhvi, managing director
Coinbase, San Francisco
With more than 20 million users and a valuation of $8 billion, Coinbase is the dominant U.S. cryptocurrency exchange. It offers custody, wallet services and both retail and institutional trading platforms. The blue chip among crypto-first financial firms is poised to become even more dominant when institutional usage of blockchain grows.
Blockchain platforms: Bitcoin, Ethereum, XRP, Lumen
Key leader: Brian Armstrong, CEO; his Coinbase holdings make him a billionaire
Comcast owns MState, a venture capital firm that has invested in at least seven enterprise blockchain startups, including Blockdaemon, which builds software to help enterprises build applications that use Bitcoin and Ethereum and comply with current regulations (for example, from the SEC or protecting healthcare privacy). Last December, Comcast partnered with competitors Viacom and Spectrum Reach to launch Blockgraph, which aims to allow advertisers to precisely target ads to viewers, without disclosing viewers’ personal information to those advertisers.
Blockchain platforms: Bitcoin, Ethereum, Hyperledger Fabric, Quorum
Key leader: Gil Beyda, managing director, Comcast Ventures
CVS Health, Woonsocket, RI
New CVS subsidiary Aetna is a member of IBM’s Health Utility Network, a group (including Cigna and Anthem) working to create a distributed ledger of information available to patients, providers and insurers. As its first project, the network plans to publish tamperproof, unforgeable medical credentials so patients can check out their doctors. Other projects being considered would combine data from different insurers to make it easier to share information between doctors and insurers and prevent prescriptions that conflict, with the aim of improving care while cutting costs.
Blockchain platforms: IBM Blockchain, Hyperledger Indy, Hyperledger Sawtooth
Key leader: Claus Torp Jensen, CTO of both CVS and Aetna
The Depository Trust & Clearing Corporation, Jersey City
A warehouse of sorts that provides custody, clearing and settlement for $1.85 quadrillion in transactions per year, DTCC is planning to move its $10 trillion-a-year credits derivatives tracking operation to a customized blockchain. If the new system, scheduled to launch by the end of the year, is successful, it could eliminate massive record redundancies and prove that centralized middlemen have a place in a decentralized ledger world.
Blockchain platform: Axcore
Key leader: Rob Palatnick, chief technology architect
Facebook, Menlo Park, CA
In January 2018, CEO Mark Zuckerberg disclosed in his annual statement that the social media giant was studying cryptocurrency’s potential. In May of that year he moved former PayPal president and Coinbase board member David Marcus from his position as vice president of messaging to head up a secretive team exploring blockchain and its applications. This past February, Zuckerberg told Harvard law professor Jonathan Zittrain he was interested in letting users log in to websites with blockchain-based identities instead of Facebook Connect—a change that could have big implications for the way Facebook monetizes its users’ info.
Blockchain platforms: Unknown
Key leaders: David Marcus, blockchain lead
The 73-year-old fund giant began mining bitcoin in 2015 as a way to learn about digital assets. This year, it launched a custody service for institutional investors who want to store bitcoin securely. It’s also building a trading platform that allows a large block of crypto to be purchased by executing orders across multiple exchanges. About 100 Fidelity employees are now devoted to digital assets. Having originally missed the ETF explosion, Fidelity will be at the forefront if crypto-assets go mainstream.
Blockchain platforms: Bitcoin, Ethereum
Key leader: Tom Jessop, president, Fidelity Digital Assets
Foxconn, Taipei, Taiwan
The giant Chinese manufacturer has pilot projects under way that use blockchain to streamline supply chain transactions and provide working capital to suppliers. Separately, it is developing a blockchain-enabled smartphone that would make it easier for consumers to spend digital coins.
Blockchain platform: Ethereum
Key leader: Jack Lee, founding managing partner of venture arm HCM Capital
Golden State Foods, Irvine, CA
This restaurant supplier is participating in IBM’s Food Trust, a consortium of companies aiming to track food along the entire supply chain. In one early application, Golden State is giving all the companies involved in its burger business—from meat processors to shippers to restaurants—access to streaming data about the temperature at which the beef is kept. In addition to improving food safety, such projects could reduce both paperwork and food spoilage, which is estimated to cost $7 billion annually in North America alone, before it reaches the consumer.
Blockchain platform: IBM Blockchain
Key Executives: Bob Wolpert, chief strategy and innovation officer
Google, Mountain View, CA
The search giant has made numerous investments in blockchain, including Veem, a payments startup that lets enterprises instantly send and receive payments in different currencies, using bitcoin as an intermediary holding. Meanwhile, it has created a suite of tools that make it easier to search (and analyze) cryptocurrency transactions—in other words, to Google public blockchains.
Blockchain platforms: Bitcoin, Ethereum, Bitcoin Cash, Ethereum Classic, Litecoin, Zcash, Dogecoin, Dash
Key leader: Allen Day, science advocate
HPE, San Jose, CA
The $31 billion (revenue) enterprise tech spin-off from Hewlett-Packard hopes to make a splash with its blockchain services. It already counts more than a dozen customers, including car-part manufacturer Continental, which will use HPE’s tech to track a vehicle’s location and a driver’s license and insurance. That could be useful as more Americans move from owning a car to renting one by the hour or month.
Blockchain platforms: Corda, Ethereum, Quorum, Sia, Hyperledger Fabric
Key leader: Raphael Davison, worldwide director of blockchain
HTC, Taoyuan, Taiwan
The company recently released Exodus 1,
a new smartphone that provides crypto-owners a safer way (built in to the phone’s hardware) to store and recover lost bitcoin, litecoin and ethereum, as well as the ability to easily trade cryptocurrencies. The phone also has a special Web browser designed for sites built on the blockchain. With its dismal smartphone market share, HTC’s new phone may be a Hail Mary pass.
Blockchain platforms: Bitcoin, Ethereum
Key leader: Phil Chen, decentralized chief officer
IBM, Armonk, NY
Blockchain’s early advocate is working to commercialize the technology through its enterprise-grade version of Hyperledger Fabric, called IBM Blockchain. Other IBM launches include World Wire, a foreign exchange platform seeking to replace interbank messaging platform Swift, and TradeLens, a shipping supply chain service codeveloped with shipping giant Maersk. IBM has already filed for more than 100 blockchain patents. With its proprietary blockchain connecting companies in at least 85 networks, IBM is a clear enterprise winner.
Blockchain platforms: IBM Blockchain, Stellar, Hyperledger Burrow, Sovrin
Key leader: Bridget van Kralingen, SVP, global industry platforms and blockchain
The Dutch banking giant has launched eight pilots since the creation of its dedicated blockchain team in 2016. In January 2018, ING and Credit Suisse executed the first legally enforceable euro securities swap using R3’s blockchain. The bank has also invested in several blockchain ventures, including Komgo, which plans to use the Ethereum blockchain to streamline a wide range of transactions.
Blockchain platforms: Corda, Quorum, Hyperledger Fabric, Hyperledger Indy
Key leader: Mariana Gomez de la Villa, program director of distributed ledger technology
Intel, Santa Clara, CA
Like IBM, Intel is one of the bigger corporate forces pushing blockchain into the enterprise market. Its open-source Hyperledger Sawtooth platform lets companies build their own blockchains. Users include Cargill, T-Mobile and the Tel Aviv Stock Exchange. Still, IBM is way ahead.
Blockchain platforms: Corda, Ethereum, Hyperledger Fabric, Hyperledger Sawtooth
Key leader: Michael Reed, director, blockchain program
JPMorgan Chase, New York City
The nation’s largest bank is one of the creators of Quorum, a restricted version of the Ethereum blockchain built especially for enterprises looking to move tasks performed by back-office middlemen to the distributed ledger. It recently announced JPM Coin, an early-stage project to enable real-time institution-to-institution payments.
Blockchain platform: Quorum
Key leader: Christine Moy, blockchain lead
Transactions for shipping goods from one port to another still rely on reams of paperwork, as they did centuries ago. Last year, IBM and Maersk, one of the world’s largest shippers, announced plans to create TradeLens, a global blockchain for shippers. So far, 100 organizations, including ports, freight forwarders, sea and land carriers, and customs agencies, have signed up to use the platform.
Blockchain platforms: IBM Blockchain, Corda
Key leader: Michael J. White, head of TradeLens
Mastercard, Purchase, NY
The credit card behemoth has applied for 80 blockchain-related patents. Sixteen have been granted, including one for linking cryptocurrencies to traditional bank accounts and another for increasing the privacy of blockchains. Mastercard rarely comments on its blockchain ambitions, but it recently announced it’s working with Amazon and Accenture to build more transparent supply chains where, for example, someone buying a pair of jeans could see where they were made and tip the creator through Mastercard’s payment rails. More significantly, if Mastercard can tie its massive, high-speed payments network to blockchain-based payments, it can open a new revenue stream and solve a problem that plagues most blockchain technology: processing times are still slow.
Blockchain platform: Its own platform, built from scratch.
Key leader: Ken Moore, EVP and head of Mastercard Labs
MetLife, New York city
Through MetLife’s incubator, LumenLab, the insurer has developed a mobile app called Vitana, that is using ethereum’s smart contracts to automatically pay claims in certain circumstances.
Blockchain platform: InsureChain built on Ethereum
Key leader: Zia Zaman, CIO of MetLife Asia
Microsoft, Redmond, WA
Last year, Microsoft’s cloud unit Azure launched Azure Blockchain Workbench, a tool for developing blockchain apps. Many templates are available for free, but if an organization builds or runs an app or network on Azure, Microsoft charges for the underlying cloud services. Blockchain Workbench customers include Insurwave, Webjet, Xbox, Bühler, Interswitch, 3M and Nasdaq.
Blockchain platforms: Ethereum, Parity, Quorum, Corda, Hyperledger Fabric
Key leader: Mark Russinovich, CTO of Microsoft Azure
Nasdaq, New York City
Distributed ledgers could theoretically eliminate the need for centralized exchanges, but Nasdaq has hedged its bets by immersing itself in the new industry. For example, it has sold its market-surveillance software to seven crypto exchanges and a blockchain eVoting product to the South African central securities depository. Nasdaq has also brought together eight Swedish companies to develop a blockchain to replace the current paper-driven trading process in the Swedish mutual fund market.
Blockchain platforms: Symbiont, Corda, Hyperledger Fabric
Key leader: Johan Toll, head of digital assets, market technology
Nestle. Vevey, Switzerland
Over the last two years the $92 billion (sales) consumer goods giant has been testing blockchain technology in more than ten projects. Its most promising is with IBM Food Trust, where it is using blockchain to track the provenance of food ingredients in a handful of products, including Gerber baby food. That service is expected to be available in Europe later this year. Food-borne illnesses cost the U.S. $55 billion a year and can cripple a brand. Blockchain food tracking could reduce that cost and be a selling point for brands that participate.
Blockchain platform: IBM Blockchain
Key leader: Benjamin Dubois, manager of digital transformation
Northern Trust. Chicago
The big asset manager ($1.1 trillion) is using Hyperledger Fabric to handle the administration of private equity fund events, including initial sales and liquidations of fund investments. Northern Trust is also helping hedge funds track their crypto investments and is working with the Australian Securities Exchange on a blockchain-based equities clearing, settlement and custody platform. Last year, it helped the World Bank execute a $79 million bond issue via the Ethereum blockchain.
Blockchain platforms: Hyperledger Fabric, Ethereum
Key leader: Justin Chapman, head of market advocacy and research
Oracle, Redwood Shores, CA
The database and cloud company is offering “business-ready” blockchain software in an effort to keep customers of its non-blockchain products from defecting to upstarts and rivals like Google and Microsoft. One of Oracle’s customers, China Distance Education Holdings, is sharing student educational records and professional certifications across institutions to help employers and recruiters verify that credentials aren’t fraudulent.
Blockchain platform: Oracle Blockchain Platform
Key leader: Frank Xiong, group vice president, Blockchain Development Platform
Overstock, Midvale, UT
The online discount store became the first major retailer to accept bitcoin in 2014. Founder and CEO Patrick Byrne, a libertarian with a Ph.D. in philosophy, is so convinced that blockchain will change the world that he is trying to get out of the retail business altogether and is already remaking Overstock into something of a crypto-obsessed company. Most notably, he has used $200 million in Overstock’s cash to fund Medici Ventures, a subsidiary which has invested in 19 blockchain companies.
Blockchain platforms: Bitcoin, Ethereum, RVN, Florin
Key leader: Patrick Byrne, founder and CEO of Overstock
The bank is using Ripple’s XRP blockchain-based software to process international payments. It is also the only bank involved with IBM’s Health Utility Network, which is attempting to speed insurance company payments to health providers.
Blockchain platforms: Hyperledger Fabric, DAML, Corda, Ripple
Key leader: J. Christopher Ward, EVP and head of Treasury product management
Ripple, San Francisco
This startup aims to disrupt Swift, the messaging system the worlds’ banks use to transfer an estimated $6 trillion a day, with RippleNet, with aims to be cheaper, faster and more transparent. While it already has 200 customers for its service, Ripple funds operations (including 300 employees) by selling about $100 million a quarter of its own cryptocurrency, XRP. (XRP’s total market cap now stands at $13 billion, down from its $146.5 billion all-time high in 2018.) RippleNet customers include big names such as Santander, American Express and PNC.
Blockchain platform: XRP Ledger
Key leader: Brad Garlinghouse, CEO
Samsung is using its Nexledger blockchain platform to overhaul how its battery-manufacturing subsidiary manages contracts and the execution of those contracts. For Korean consumers it has developed a smartphone app that uses the blockchain to verify the identity of the phone’s owner to 15 of the nation’s banks. That eliminates the inconvenience of Korea’s 20-year-old identity verification system, which can require a tedious signup process for each bank.
Blockchain platforms: Nexledger, Ethereum
Key leader: Jeanie Hong, SVP and head of Blockchain Center
The Spanish banking giant made headlines last year when it allowed its investors to vote at its annual meeting via the blockchain. A year ago, Santander launched mobile app One Pay FX, a foreign exchange service using RippleNet, that enables individuals to transfer money to other individuals in a foreign country in less than a day.
Blockchain platforms: RippleNet, Hyperledger Fabric
Key leader: María de la Concepción de Monteverde, director of the Blockchain Center of Excellence
SAP SE, Walldorf, Germany
SAP has developed its own cloud-based blockchain toolkit, Leonardo, to keep clients from moving to Oracle or IBM as they transition to distributed ledger technology. It’s also selling project development as a service—most notably, it built Bumble Bee Foods’ new blockchain, designed to trace the origin of tuna from fisherman to processor to consumer.
Blockchain platform: Hyperledger Fabric, MultiChain, Quorum
Key leader: Raimund Gross, chief innovation strategist, Blockchain
Seagate Technology, Cupertino, CA
Data-storage company Seagate Technology is working with IBM on a proof-of-concept blockchain aimed at tracking products through their distribution and life—in large part to ensure that fake hard drives aren’t returned to Seagate’s warehouses, where they could be resold by accident. Counterfeiting of electronics is a $100 billion problem, and Seagate hard drives are a frequent target for fraud.
Blockchain platform: Hyperledger Fabric
Key leader: Manuel Offenberg, managing technologist and data security research lead
In Park Slope, Brooklyn, some residents with Siemens solar panels had more energy than they could use on sunny days. The Brooklyn Microgrid project, run off a private blockchain, allows those with excess power to sell energy to their neighbors. The German giant has a lot of skin in this game, with $28 billion a year in revenues from things like energy turbines and applications managing smart grids. Grid technology has been decentralizing and democratizing power generation; blockchain can accelerate that process.
Blockchain platforms: Ethereum, Hyperledger Fabric, Corda
Key leader: Bernd Rosauer, head of research, Technology Field IT Platforms
Signature Bank, New York City
Signature was the first FDIC-insured bank to develop a blockchain-based digital payments platform. SignetTM allows the bank’s commercial clients to send free, secure payments to other commercial clients of the bank at any time of day with no transaction limits, in as little as five seconds. It uses a token, the signet, backed by U.S. dollars. American PowerNet, a Signature Bank client, recently chose SignetTM to make real-time payments to renewable energy providers.
Blockchain platform: A private, Ethereum-based blockchain
Key leader: Frank Santora, senior vice president and director of digital asset solutions
State Farm, Bloomington, IL
The insurer has devoted 11 members of its Research, Experiment & Deploy (RED) Labs in Bloomington to developing a blockchain that could speed up the now painfully slow process by which insurers pay claims to policyholders and then seek partial reimbursement from other insurers involved with the claim. State Farm is working with RiskBlock Alliance on an application that could speed up this claims dance.
Blockchain platforms: Hyperledger Fabric, Corda, Quorum
Key leader: Mike Fields, innovation executive at State Farm RED Labs
The Swiss bank’s most ambitious project so far is Utility Settlement Coin (USC), which would allow central banks to use digital cash instead of their own currencies to move money to each other. It’s a bold play—if central bankers start using crypto for big transfers with each other, it could make them more willing to move their own national currencies onto a blockchain. UBS’ partners in USC include BNY Mellon, Deutsche Bank and Santander.
Blockchain platforms: Hyperledger Fabric, Ethereum, Quorum, Corda
Key leader: Sam Chadwick, head of blockchain
Visa, San Francisco
The credit card network has filed for 50 blockchain patents, ranging from a real-time payments settlement system to technology related to crypto trading. This year, Visa is launching B2B Connect, which uses blockchain to help banks around the world process cross-border, business-to-business payments. With $18 trillion in such B2B payments being made a year, gaining even a small chunk of this business would be a nice addition to Visa’s consumer-payment dominance.
Blockchain platform: Hyperledger Fabric .
Key leader: Kevin Phalen, global head of business solutions
Vmware, Palo Alto, CA
The cloud-infrastructure company will soon release a suite of blockchain software products called VMware Blockchain, developed in partnership with Deloitte and Dell. The first product will be one that allows data to be transferred securely. Next up is a service that verifies transactions on the blockchain.
Blockchain platforms: Project Concord, a new blockchain, which supports multiple frameworks such as Ethereum
Key leader: Mike DiPetrillo, senior director, Blockchain
Walmart, Bentonville, AR
The world’s largest retailer (by sales) has filed for about 50 blockchain patents (for everything from tracking shipments to operating drones) and wants to use the blockchain to quickly pinpoint the culprit in future food-safety scares. In 2016 it partnered with Big Blue to create IBM Food Trust, now being tested by more than 50 companies. Today Walmart can track 25 products, including strawberries, yogurt and chicken, from five suppliers (and counting). In September 2018, it said it would begin requiring all of its lettuce and spinach suppliers to log their shipments on the blockchain.
Blockchain platform: Hyperledger Fabric
Key leader: Karl Bedwell, senior director, Global Business Services & Technology