What companies are using blockchain?

Blockchain technology maturing. Of the 81 companies, 65 are actively developing blockchain solutions, while 16 remain in a research phase. 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. “It really shows the technology is ...

What is blockchain and what is it used for?

Blockchain is an online record of transactions backed by cryptography. It’s at the heart of currencies like Bitcoin and can be used to document financial transactions, the movement of goods or services and or exchanges in information. A blockchain is, very simply, an online record of transactions. They could be transactions for:

What is the difference between Blockchain and Bitcoin?

To finish up, let’s recap why blockchain and Bitcoin are two completely separate things: Bitcoin is a cryptocurrency, while blockchain is a distributed database. Bitcoin is powered by blockchain technology, but blockchain has found many uses beyond Bitcoin. Bitcoin promotes anonymity, while blockchain is about transparency. ... More items...

Why blockchain will change the world?

With the advent of blockchain, everything changed. Blockchain technology could change the world as it can get rid of all the inefficiencies of centralized systems. It brought decentralization into play. By using blockchain, any business improves its process to new heights.