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Top Investments by Major Companies In Blockchain Technology.

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𝕭𝖊𝖊 A̴ T𝖗𝖆𝖉𝖊r
@beehivetrader
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3 min read

Blockchain Explained in layman's Language!!

  • Blockchain is essentially digital ledgers where transactions are verified by their own computer networks.

  • Computer that verifies the Transactions are Unanimous and the computers that verify the transactions gets Rewards in form of Tokens like Bitcoin, ETH etc.

  • Just like a banking system when the money is transferred from one person to another person and the bank is the one who verifies the transaction.

  • This essentially makes us all dependent on the Banking system as these banks can print money as much as they want without any backing Which was earlier backed up by Gold.

  • So due to this necessity Crypto Currency named bitcoin was introduced with blockchain technology.

As any new technology is introduced there is always a backlash like it was for the internet in the mid-'90s. Where most of the people were not so welcoming on this and it was said to fail. Now the biggest companies on this planet are internet-based companies.

So let's see the companies that have invested big in blockchain technology.

Source: Tracxn

  1. Apple: A patent was filed by Cupertino giant in which it was specified the way of verifying timestamps in three possible ways including one was using blockchain technology.

  2. Microsft: Microsoft Also signed a deal with one of Israel's banks to develop a digital platform based on blockchain technology. It will be used for financial contracts and easily sign up the guarantors which will cut the time significantly for the bank and the bank will use Microsoft's Azure platform for this.

  3. Facebook: David Marcus, one of the company’s top executives, the head of its Messenger platform and a former CEO of PayPal, said he’s leaving Messenger and “setting up a small group to explore how to best leverage blockchain across Facebook, starting from scratch.” Marcus is also a board member at cryptocurrency exchange Coinbase.

  4. Amazon: Amazon Web Services (AWS) "oversaw blockchain" administration presently upholds Ethereum out of the case, approximately two years after the reconciliation was first indicated in 2018. Amazon Managed Blockchain additionally upholds Hyperledger Fabric, a permissioned blockchain network planned for big business applications.

  5. American Express: American Express Co's. adventure arm has put resources into the FalconX cryptographic money exchanging stage, another sign that enormous monetary administrations suppliers are pussyfooting into the advanced resource circle.
    The charge card supplier didn't reveal the sum put resources into the San Mateo, California-based startup, which brought $17 million up in May from any semblance of Accel, Coinbase Ventures and an asset partnered with Fidelity Investments' parent organization.

  6. Samsung: Samsung Electronics has extended help for blockchain clients exchanging virtual resources on its Galaxy cell phones in the midst of rising interest in digital forms of money.
    The South Korean tech will permit clients to effortlessly deal with their exchanges by bringing in their virtual resources put away on select cold equipment wallets to the Samsung Blockchain Wallet accessible on most Galaxy cell phones.

  7. Berkshire Hathaway: Berkshire Hathaway has Invested in Pro-Bitcoin Digital Bank. Warren Buffett's Berkshire Hathaway Inc. has put $500 million in the parent organization of Nubank, a Brazil-based bitcoin-accommodating computerized bank.

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