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THE BLOCKCHAIN 50
This week, we released our second annual list of billion-dollar companies making the biggest strides in blockchain tech. From the instantaneous settlement of German government bonds to bringing liquidity to a small supplier of sliding shower doors in Zhongshan, China, this year’s members have largely moved beyond the theoretical benefits of blockchain to generating very real revenues and cost savings.
The list spans a wide range of industries and projects from household names like Vanguard, Square and Microsoft to cryptocurrency-native startups like Bitfury. A few more examples:
De Beers: The diamond giant’s new software, Tracr, follows diamonds through the supply chain as they are mined, cut, polished and sold. Already more than 30 participants, including Signet Jewelers—owner of Kay, Zales and Jared—have signed on. Tens of thousands of stones are being registered per month.
Foxconn: The iPhone maker’s trade-finance venture, Chained Finance, pays more than 20 electronics suppliers using digital coins minted on the Ethereum blockchain. The result: Financing costs have plummeted from annual percentage rates as high as 24% to 10%, and the time needed to get funding has been cut from seven days to one day.
Click here for complete coverage and the full list.
Bitcoin markets remained relatively calm after Wednesday afternoon, when the digital currency fell more than 8% in a matter of hours, declining to $9,410.92 from an intra-day high of nearly $10,300.
Plus: Why bitcoin’s 2020 rally may be more sustainable than its 2019 surge.
BITCOIN’S GUARDIAN ANGEL
While global crypto markets are still in large part unregulated and under-secured, Coinbase CEO Brian Armstrong is on a mission to…