Up to the present time, there is no denying the heat and strong application of blockchain globally. The impact of blockchain technology is predicted to be as large or larger than the Internet revolution. A lot of businesses have applied blockchain projects to their business processes. In this article, let’s take a look at the 10 most prominent blockchain projects.
I. Blockchain application in practice
Blockchain applications can be divided into 4 main categories:
- Smart contracts: bringing financial applications to market. Assets include shares and anything related to an agreement or contract.
- Digital currency: bitcoin and other cryptocurrencies.
- Record keeping: Blockchain applications in fields such as education, government, health, and the arts. Blockchain technology helps to secure national data, and protect copyright,…
- Securities: including specific applications such as Crowdfunding, Debt,…
In addition, Blockchain continues to be researched to develop products in many different fields. Finance – banking, medical – healthcare, retail, and real estate, … are popular fields that are applying blockchain.
Learn more about the future of blockchain here.
Application of blockchain in practice – Image: builtin.com
II. Outstanding Blockchain Projects
1. Microsoft
One of the notable projects of this technology giant is the blockchain application for content ownership and royalty management. Game publishers like Ubisoft and Xbox are the biggest users of this blockchain system.
2. Boeing
Boeing has developed SkyGrid, a blockchain-enabled air traffic control system. It helps in tracking and communicating with drones and allocating traffic routes.
3. Samsung Group
Samsung SDS (IT Branch of Samsung Group) has built blockchain projects for local governments, airports, and hospitals. Among them, there is a one-stop medical claim processing service. This service allows patients to submit a request at the hospital’s admission center or via mobile phone or at a kiosk.
Samsung Group – Image: news.samsung.com
4. Walmart
Walmart’s standout blockchain project is the Food Traceability Initiative. This project helps detect contamination and food safety issues. It is capable of tracking almost 500 different items.
5. BHP
As one of the largest mining companies in the world, BHP has applied blockchain to digitize many operations. The enterprise completed its first iron ore blockchain transaction with Baowu Steel in June 2020.
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6. Shell
Shell is a British multinational oil and gas company. The company is working on a blockchain project that aims to develop a decentralized digital passport system. In this project, Shell will authenticate all parts, equipment, and products. This creates a system of data streams where each data is securely processed and preserved.
Shell Oil and Gas Group – Image: shell.in
7. HSBC
As a London-based multinational bank, Digital Vault is one of HSBC’s standout blockchain projects. With Digital Vault, customers will have access to their personal assets and data such as real estate, debt, or equity. Of course, everything is digital and completely secure.
8. Visa
One of Visa’s outstanding projects is Visa B2B Connect. It uses blockchain infrastructure to provide a better financial solution for cross-border payments. This project can provide a cost-effective, safe, and fast way to process all global payments.
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9. LVMH
LVMH is a group based in France specializing in the business of luxury goods. The LVMH blockchain project uses the AURA blockchain platform to combat counterfeiting and protect the integrity of major brands such as Louis Vuitton and Bulgari.
LVMH Group – Image: adweek.com
10. Daimler
Daimler is a multinational automobile corporation specializing in the production of luxury cars like Mercedes-Benz. They are working on a blockchain project that tracks CO2 emissions in the supply chain process. This is a project with an environmentally friendly approach to eliminate CO2 and reduce the greenhouse effect.
Above are some successful blockchain projects from famous global brands. Of course, there are countless brands large and small that have applied blockchain to their business processes. With what blockchain brings, we have full faith in more promising blockchain projects in all industries in the future.
