Blockchain use-cases are emerging quickly with more corporations adopting the technology. Blockchain Adoption has always been Moonwhale's primary mission. From our first examples, almost a year ago until now, many new developments have taken place. Blockchain technology provides the immutable record of transactions almost immediately. Other benefits of continuous audits, real-time monitoring and less time-intensive reconciliation of accounting data will disrupt the accounting and auditing industry.
More potential applications are emerging with Security Token Offerings (STO). The possibility of tokenization opens up new ways of growth-financing to SMEs, MNCs and listed companies. Examples of assets that could be tokenized:At the same time tokenization allows fractional sales of these assets to a broader audience, it enables new liquidity to investments, all at very low fees.
Blockchain Adoption In Governmental Bodies
Mainstream Companies Adopting Blockchain
- Facebook is developing a Cryptocurrency for WhatsApp transfers
- Apple filed a patent for Blockchain technology to timestamp data
- Alibaba’s ZhongAn is leveraging Blockchain to process and store patient data in a secure manner for over 100 hospitals across China
- Amazon Web Services has partnered with Kaleido to offer a full-stack blockchain enterprise platform on the cloud that integrates blockchain services with AWS services
- Walmart, Kroger, Nestle, and Unilever, partnered with IBM to use Blockchain to improve food safety through enhanced supply chain tracking
- Samsung Electronics announced “Nexledger” platform for tracking global supply chains
- Google is developing a distributed ledger to allow third parties to send and verify transactions. They also plan to provide a full-stack blockchain service for developers that companies can run on their own servers
- Tencent and Huawei are leading a blockchain consortium of over 100 different Chinese companies called Fisco. They launching their own blockchain that focuses on fast transactions while providing “observatory” nodes for government regulators and auditors.
Blockchain Adoption in Other Industries
- Mining Giant BHP Billiton will use Blockchain to record the movements of wellbore rock and fluid samples, and better secure real-time data
- Maersk partnered with Blockchain-Startup GuardTime, which worked with Microsoft and EY, to launch a marine insurance Blockchain platform
- Royal Dutch Shell is working with BP to create an energy commodities platform
- Toyota Motor Corp is exploring how Blockchain could secure self- driving cars
- Oracle’s BaaS offerings are allowing businesses to make proof of concepts (POCs) with DLTs
- Baidu manages intellectual property rights of images on the Blockchain
- Ant Financial, the parent company of Chinese payment service Alipay, partnered with Standard Chartered, launched a blockchain- based remittance service that enables real-time money transfer between Hong Kong and the Philippines
- Cisco is creating its own permissioned, enterprise blockchain
- German insurance giant Allianz confirmed that it’s testing a token for moving money between its global affiliates to mitigate currency conversion costs and other inefficiencies between the units
- Pfizer and Roche has participated in a Blockchain pilot to track who touched what drug at what time
Blockchain Adoption Is On the Rise
Mainstream media provided a lot of coverage on cryptocurrencies and blockchain last year but it was primarily due to its astronomical rise in value. In the memory of most mainstream enthusiasts, 2018 shall always be known as the year where tons of money was lost. On the contrary, 2018 was full of great news regarding blockchain adoption. We should be excited for what's to come.
"Smart money and large investors know it, we know it, and you should explore it..."
Are you thinking of exploring Blockchain solutions for your business?
Looking for a Blockchain Consultant or an STO Consultant?
Moonwhale Ventures has positioned itself to drive global blockchain adoption by helping businesses with our Blockchain Business Consulting service. Also, assisting businesses in financing their expansion with our STO / ICO advisory. Please feel free to contact us.This article was written by Danny Christ, CEO & Co-Founder of Moonwhale Ventures.