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Industry Leaders and their use of Blockchain Technology
A curated selection of industry leader and how they use Blockchain technology to address specific needs.
How is Daimler using Blockchain?
This automaker is testing out Blockchain for auto loans.
How they’re using blockchain: Automaker Daimler tested out blockchain for auto loans and partnered with German banks to establish a €100 million corporate loan fund for car owners. The entire process — origination, distribution, allocation and execution of loans — is completed on blockchain technology. Claiming that its use of DLT was much more efficient, the Mercedes-Benz and Smart car owner wants to employ blockchain for cybersecurity in the near future.
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How is Oracle using Blockchain?
Oracle is helping companies adopt cloud-based blockchain solutions.
How they’re using blockchain: Oracle is helping companies adopt cloud-based blockchain solutions. The global company claims that its blockchain processes can help improve communication, accelerate project growth and minimize risk. Oracle is currently hosting an startup program for blockchain companies seeking business development help.”
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How is Microsoft using Blockchain?
Microsoft’s Azure platform is helping to establish blockchain in companies across a variety of sectors.
How they’re using blockchain: Microsoft’s Azure platform is helping to establish blockchain in companies across a variety of sectors. Microsoft worked with accounting firm EY and shipping giant Maersk to create the first blockchain-based marine insurance platform. The company also established DLT to solve hotel and flight booking disputes and has even used Azure in its own Xbox systems to efficiently pay royalties to game developers.
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How is Intel using Blockchain?
Intel’s blockchain platform creates efficient, trustworthy environments in which businesses can operate.
How they’re using blockchain: Intel boasts that their Sawtooth blockchain platform creates efficient, trustworthy environments in which businesses can operate. Its platform offers data protection from outside parties, open-sourced information gathering and a virtually un-hackable ledger. Intel is moving toward making blockchain a larger priority by becoming an important member of the Enterprise Ethereum Alliance, Hyperledger Project and R3 Consortium.
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How is Berkshire Hathaway using Blockchain?
Many of its subsidiaries have been exploring blockchain options to enhance their business models.
How it’s using blockchain: As one of the largest publicly-traded companies in the world, Berkshire Hathaway has a presence in almost every sector, from real estate to batteries to insurance. Its subsidiaries have been exploring blockchain options to enhance their business models.
One of those subsidiaries, railroad company BNSF, recently became the first train-related company to join the Blockchain in Transport Alliance with the goal of establishing blockchain standards in vehicle maintenance, quality control and fraud prevention.
For more information regarding the Blockchain in Transport Alliance click here.
For more information regarding BNSF’s blockchain standards goal click here.
Gold and diamond company, Richline Group, partnered with IBM in an attempt to implement blockchain into their supply chain mechanisms. The Berkshire Hathaway subsidiary wants to track the origin of its jewelry to ensure that it is ethically sourced.
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