{"id":169483,"date":"2021-02-03T07:52:04","date_gmt":"2021-02-03T04:52:04","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/supply-chain-and-logistics-projects-dominate-additions-to-forbes-blockchain-50\/"},"modified":"2021-02-03T07:52:04","modified_gmt":"2021-02-03T04:52:04","slug":"supply-chain-and-logistics-projects-dominate-additions-to-forbes-blockchain-50","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/supply-chain-and-logistics-projects-dominate-additions-to-forbes-blockchain-50\/","title":{"rendered":"# Supply chain and logistics projects dominate additions to Forbes Blockchain 50"},"content":{"rendered":"

“# Supply chain and logistics projects dominate additions to Forbes Blockchain 50 <\/strong>”
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More than half of companies added to the Forbes Blockchain 50 list<\/a> for the first time this year are using tblockchain to resolve logistical issues faced in their line of business.\u00a0<\/p>\n

Eleven of the 21 new entrants added to the annual tally are app<\/a>lying blockchain and DLT-based solutions to problems regarding supply chains, product tracking and shipping information.<\/p>\n

According to Forbes<\/a>, \u201chundreds of sizable companies are now using Bitcoin and its underlying technology<\/a> to make their operations more efficient.\u201d<\/p>\n

\u201cMost companies on the Blockchain 50, however, are not Bitcoin speculators but rather are looking to employ the technology underlying the cryptocurrency in innovative ways.\u201d<\/p><\/blockquote>\n

Some of the bigger companies in this category include Boeing, which is using a blockchain-enabled air traffic control system for drones; Oracle, which operates a maritime shipping consortium with over 300 customers; and Coca Cola\u2019s CONA Services, which tracks orders, shipments and invoices between bottlers using the blockchain.<\/p>\n

French supermarket chain Carrefour is a new entrant and is currently tracking 30 product lines via its own food traceability blockchain. Another is Sappi, which is using the blockchain to increase the sustainability<\/a> of global supply chains; specifically as they relate to natural materials and packaging.<\/p>\n

The emergence of an enterprise-driven, global blockchain logistics market has inspired fierce competition among its vendors, and it is expected<\/a> to be worth $765.5 million by 2025.<\/p>\n

While previous iterations of blockchain tech may not have been quite ready to tackle business problems on a global level, commercially-geared blockchain and DLT platforms \u2014 such as Hyperledger, Azure and Corda \u2014 provide an exponentially higher amount of network throughput. This has resulted in their increasing employment by a number of large companies seeking blockchain-oriented solutions for logistical problems.<\/p>\n

National governments have also started to apply the blockchain to areas of logistics. Last month, the United States military awarded a $1.5 million grant to SIMBA Chain, a smart contract platform to be used in making military supply chains more efficient. Also in January, the U.K. National Health Service took to the blockchain as a means of monitoring stores of COVID-19 vaccine.<\/p>\n

Other major companies added to the list this year include Binance, for supporting over 100 blockchains on their exchange, MicroStrategy, for buying more than $1 billion in BTC during 2020, and Kakao, South Korea\u2019s biggest messaging app, for developing its own cryptocurrency called \u201cklay.\u201d<\/p>\n