Who actually uses blockchain?

Blockchain in 2020 Gartner agrees by naming “Practical Blockchain” one of the most important technology trends of 2020. One thing that did not change over time is the relevance of global cryptocurrency trade. Trading remains the most important and valuable application of blockchain technology .

Blockchain increases trust, security, transparency, and the traceability of data shared across a business network — and delivers cost savings with new efficiencies.

Blockchain technology can be used to secure access to identifying information while improving access for those who need it in industries such as travel, healthcare, finance, and education .

Blockchain technology has far-reaching applications across many industries . Blockchain is already used to facilitate identity management, smart contracts, supply chain analysis, and much more. The full potential of blockchain technology likely remains to be discovered.

Microsoft, Amazon, Tencent, Nvidia, J.P. Morgan, Walmart, Alibaba, PayPal, Samsung and the Bank of China are among the 27 companies with live blockchain operations.