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Allianz, SAP and Siemens: the 3 big German companies in Forbes list of Top-Blockchain-User

the Forbes magazine published a list of 50 large companies that use the Blockchain technology. Among them are represented by Allianz, Siemens, and SAP, to thre

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Allianz, SAP and Siemens: the 3 big German companies in Forbes list of Top-Blockchain-User
the Forbes magazine published a list of 50 large companies that use the Blockchain technology. Among them are represented by Allianz, Siemens, and SAP, to three German companies. The adaptation of cryptographic technologies in the conventional economy is a Trend that is becoming established in global economic processes. He stands in contrast to the radically democratic Idea of the Blockchain.

Polina Khubbeeva
18. April 2019BTC$5.251,00 0.70%part Facebook Twitter LinkedIn xing mail

Blockchain’s Billion Dollar Babies is the name of a Forbes Report, the financial magazine on the 16. April published. About 50 companies from all over the world who have two things in common are listed. They have a turnover of at least one billion US-dollars and based on the Blockchain technology actively in their business structures.

With the support of industry consultants and other experts, Forbes has identified Team [...] more than 100 large companies, the Blockchain is active in the framework of industry consortia, and other company projects develop. Our new list of 50 companies with a minimum Revenue or value of one billion US paint-Dollar, and operation activities in the United States, taking a leading role in the adaptation of the decentralized Ledger technologies,

Forbes-author Michael del Castillo in the Report explains.

process optimisation and increased transparency with Blockchain

The reasons for the use of the Blockchain lies in the acceleration of business processes and increased internal and external transparency. "By reducing paper work to the Monitoring of buns and faster tax payments – the Anti-Establishment-Software more is when boards of Directors are increasingly welcome," said del Castillo.

Three German companies among the Top 50

With Allianz SE, SAP SE, and Siemens are three German companies in the list. All three use Hyper Ledger Fabric, Siemens also Ethereum and Corda, SAP multi-chain and Quorum. The insurance giant Allianz also uses Corda.

A Trend contrary to the Blockchain philosophy

The Report also adds that the development of speaking, ironically, against the original crypto-idea. The founder of Bitcoin & co. saw the technology, however, as an emancipatory Form of decentralized financial organization. This idealism, just wanted to disempower the major banks and IT companies, and could therefore fail in practice.

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