Top Organizations Started Entering In The Blockchain And Crypto Space

Top Organizations Started Entering In The Blockchain And Crypto Space

Blockchain News
January 15, 2020 Editor's Desk
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The entire crypto industry has developed in the past few years — the evidence being the more sophisticated versions like IEO and STO coming into the picture. Examining different surveys and statements recommend the boost in interest in the topic of cryptocurrency, more particularly Bitcoin, among the people. Another critical symbol is the incorporation of
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The entire crypto industry has developed in the past few years — the evidence being the more sophisticated versions like IEO and STO coming into the picture. Examining different surveys and statements recommend the boost in interest in the topic of cryptocurrency, more particularly Bitcoin, among the people.

Another critical symbol is the incorporation of several top organizations into this space. Blockchain investments have mostly seen small startups sprung here and there. Nevertheless, over the past few years, numerous huge companies have moved into this space.

Let’s glance at some of the forthcoming projects and those that have previously been launched and will possibly have a significant influence on this space. 

FACEBOOK’S LIBRA

Although the Libra project is currently under significant disputes, the entry of the social media giant Facebook into this space itself speaks a lot. Furthermore, the arrival of Facebook has fastened a new concern among people for cryptocurrencies. 

Additionally, notwithstanding the idea, the project is also supported by several other prominent institutions, including Uber, Vodafone, Spotify, etc. The practical on-ground purpose of the project will be one of the significant events in the cryptocurrency industry. 

J.P. MORGAN’S DIGITAL COIN

The big bank giant J.P. Morgan declared the launch of its cryptocurrency JPM coin. The stablecoin will be secured to the fiat currency USD and will besides be utilized to make prompt transactions. The project is currently in its pilot stage, and people might see the display of this project this year. In enhancement to this, J.P Morgan has further deepened its base by launching a hybrid blockchain project, Kadena, in January 2020. 

WOLFS BLOCKCHAIN PLATFORM

Wolfs Group, a large European consulting company, has also funded in this space by acquiring Ferpay, a fintech entity. By this program, the company plans to roll out multicurrency cards through its alliance with VISA. Moreover, it also intends to introduce Bitcoin ATM’s across Europe. Before-mentioned modern innovations will produce a new perspective on the cryptocurrency space. 

BAKKT BITCOIN FUTURES

Bitcoin futures and cryptocurrency custody services are assumed to be the rising trends of the year 2020. Notable organizations have already stoked on this investment. Bakkt, a platform giving a bitcoin futures contract, was originated last year by the owner of NYSE. Furthermore, it includes investors such as Microsoft and Starbucks. 

Other than this, a Wall Street finance giant, Fidelity Investment, has also started its cryptocurrency custody services. The launch of such platforms has built a new direction for digital assets. 

SAMSUNG’S BLOCKCHAIN PHONES

The fame of blockchain and crypto has also provided supporting infrastructure like blockchain phones. Samsung is amongst the first ones to roll out a phone, mainly provisioning to dapps developed on blockchain and in-built cryptocurrency wallets. 

The launch of its KlatynPhone, named as a blockchain phone, is made explicitly for users communicating with different parts of a blockchain ecosystem. Recently several other operators, including HTC, have started blockchain-enabled smartphones with various features.  

BLOCKCHAIN AS A SERVICE (BAAS): ALIBABA & AMAZON

Alibaba, who owns the most maximum patents for blockchain technology, has selected it for various applications. One of the emitted trends that Alibaba has started is giving an enterprise platform to deliver cloud services for blockchain applications. Blockchain as a Service (Baas). 

In the last year, Amazon has, too, followed by allowing its AWS platform to give the setting of different blockchain frameworks. In the forthcoming year, we would see many organizations following the league of providing significant infrastructure to blockchain services. 

FUTURE INVESTMENTS

The year 2020 appears to have a lot in store as far as crypto-blockchain finances are concerned. One of the newest developments comprising the Twitter CEO Jack Dorsey, developing a decentralized platform for social media. 

In the last quarter of 2019, we also saw positive opinions of China, which has been rigorous towards cryptocurrency, promoting blockchain investments. Furthermore, this year also includes the launch of CBD’s in many nations. The year looks certainly encouraging for blockchain and crypto investments.

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