Global Biz Outlook Magazine examines 10 enterprises that employ blockchain technology to provide the finest customer service as concerns about increased web decentralization grow.
Blockchain technology seeks to provide high transparency while guaranteeing payment validity. It makes it possible to protect transactions, information, and payments. Because it is encrypted and enables safe money transfers without going through banks or other intermediaries, it is seeing a rise in use in the financial services industry.
According to a survey conducted by Global Business Outlook Magazine, 86% of executives think that blockchain technology has enormous business potential. This indicates that the adoption of blockchain technology is growing. Here, we look at ten companies that are utilizing blockchain technology to both innovate and provide greater security and reassurance to their clientele.
- Tech Mahindra
Tech Mahindra provides cutting-edge, client-focused information technology experiences. The company, with over 152,000 workers spread across 90 countries, aims to assist businesses globally, including Fortune 500 corporations. It operates in several sectors, such as government, healthcare, manufacturing, and oil and gas.
The enterprise aims to employ cutting-edge technologies such as cybersecurity, blockchain, 5G, AI, metaverse, and quantum computing. The company’s blockchain strategy is to make a company’s digital transformation process more accessible. It has developed a plan to establish itself as the top blockchain business globally, operating under the “Block Ecosystem,” which produces apps that lead the market.
Tech Mahindra aims to uphold openness and confidence in its services for stakeholder payments. These include trade finance, invoice discounting, cross-border payments, and VIN-based tracking.
- Samsung Group
According to CoinTelegraph, Samsung was identified as the most active blockchain investor in 2022. The company is consistently involved in blockchain, artificial intelligence, and the metaverse. The Samsung Blockchain Wallet brings safe virtual asset management to mobile devices, and the company offers easy and secure blockchain-based virtual asset management. The intention is for users to safeguard their belongings.
Additionally, Samsung provides users access to the most recent news from the blockchain community through a newsfeed dedicated to blockchain. This comprises media material and articles pertinent to virtual assets gathered in one location for convenient access.
Furthermore, the company’s blockchain introduction video (see below) was well appreciated because it showed how blockchain technology was evolving to become more than simply Bitcoin and instead functioned as a component of a larger decentralized ecosystem.
- Oracle
Oracle is a cloud technology company that offers software and processing infrastructure to businesses worldwide so they may operate more effectively. The company has also developed the first autonomous database in history to aid in the organization and security of customer data.
Oracle Blockchain offers simple methods for implementing blockchain technology and a cooperative environment for exchanging data. This comprises a supply chain software as a service (SaaS) and a cloud service. Users can select the hybrid blockchain, on-premises, or cloud option that best suits their needs.
4: NTT
NTT Ltd. is a well-known international provider of technology services. It offers a unified perspective across hybrid environments to clients, assisting them in modernizing their business transformations with greater insight. The company takes great satisfaction in providing data-driven, digital, secure, and linked services.
The blockchain research team at NTT Research Inc. is working to make blockchain more scalable and secure in response to growing concerns about decentralization and blockchain security. The company specializes in game theory, incentive design, identification, privacy, and cryptographic protocol security.
- Meta
Meta creates technology that facilitates human connection, community discovery, and company growth. Once limited to Facebook, the corporation now offers apps used by billions of users globally, such as Messenger, Instagram, and WhatsApp.
The business takes excellent delight in contributing to developing social technology’s next phase. Facebook Metaverse Crypto is a blockchain-based digital currency that was created recently and is intended to be used for financial services and payments. It is decentralized, global, and open-source, intended for usage anywhere in the world.
6: PayPal
Ever since its founding, PayPal has operated under the principle that everyone has the right to take part in the global market and has made money quickly and easily. It is a well-known platform for safe, transparent, and reliable cross-border transactions involving user funds.
With encryption, Blockchain gives PayPal users a digital record that makes it nearly difficult for transaction records to be tampered with, allowing them to track and verify bitcoins. If customers want to purchase Bitcoin, the company offers educational resources on its website that instructs them on current affairs. PayPal said last year that users may now move cryptocurrencies to and from other wallets and exchanges directly from their accounts.
7: Block Inc
Block is a mobile payments and financial services company that offers a variety of goods, including software and hardware. The organization provides legal advice, forecasts finances, develops inclusive policies, and protects systems for businesses worldwide.
Block has been proliferating over the past several years, and in 2021, its Cash App product will account for the majority of its earnings. On the other hand, it has begun to engage with blockchain and cryptocurrency more closely and is heavily involved in both its subsidiaries, like Square, and the platforms it has bought, including the music streaming business TIDAL. CEO Jack Dorsey most recently talked about ideas for an open-source “Bitcoin Mining Development Kit.”
8: Baidu
Internet pioneer Robin Li created Baidu in 2000, intending to give people the most excellent means of connecting with services and finding information. The business introduced the Baidu Blockchain Engine in 2019, a Blockchain as a Service (BaaS) platform that serves as an operating system for creating decentralized applications. It is a product of Baidu Cloud, the company’s cloud computing division.
According to BeInCrypto, Baidu just revealed that it will be launching an AI chatbot this year in 2023 that is comparable to ChatGPT.
9: Alphabet
The US global technological giant Alphabet Inc. is based in California. It was established in 2015 when Google underwent a reorganization, and it currently serves as the parent business for both Google and several of its previous subsidiaries. Alphabet reportedly committed US$1.5 billion in the blockchain space in 2022, with some money going toward Web3 initiatives.
The company is still looking into more prominent applications for blockchain technology, namely through Google. Google Cloud unveiled the Blockchain Node Engine at the end of 2022, intending to help Web3 developers create and launch new products on blockchain-based platforms.
10: Coinbase
A safe online marketplace for purchasing, selling, transferring, and storing cryptocurrencies is Coinbase. The company was founded in 2012 on the radical notion that anybody, anywhere, should be able to send and receive Bitcoin with ease and security. Today, it provides an intuitive platform that allows users to access the larger crypto economy.
Coinbase makes cryptocurrency easy and safe to invest in, spend, store, earn, and use for 245,000 ecosystem partners in more than 100 countries. The business is the biggest cryptocurrency exchange in the US, managing US$101 billion in assets for over 100 million customers globally.
