Many people believe blockchain technology today doesn’t currently have real-world use cases or any tangible value being created from its adoption. Well, throughout 2018, these five projects have made great strides in blockchain technology becoming more widely adopted and advancing in that direction, the first of which is:
1) Ethereum
Ethereum is backed by the Ethereum Enterprise Alliance (EEA) that originally formed with the support of corporations and institutions seeking to adopt Ethereum’s blockchain into their business practices such as Accenture, CME Group, ConsenSys, IC3, Intel, J.P. Morgan, Microsoft, and many other enterpise insitutions.
Since the Alliance formed in 2017, they have added many more corporations into their midsts including Mitsubishi, Deloitte, Samsung SDS, Infosys, and the National Bank of Canada. The Ethereum Enterprise Alliance’s goal is to connect Fortune 500 companies, startups, and government institutions with Ethereum developers and experts to incorporate the adoption and use of the Ethereum network to better business practies and commercial development. Today the Ethereum Alliance group boasts over 300 members.
2) Ripple
Ripple is a blockchain project designed to connect and link banks, payment providers, digital exchanges, and corporations to work together.
Ripple is the leading project that has collaborated to form strategic partnerships with some of the biggest banks around the world such as; Commonwealth Bank of Australia, Santander, UBS, CIBC, National Bank of Abu Dhabi(NBAD), Standard Chartered, National Australia Bank (NAB), Siam Commercial Bank and Shanghai Huarui Bank.
Focusing on a strong growing list of banks, Ripple also has started to establish strong ties with payment processors, exchanges, and remittance services such as Western Union.
3) HyperLedger
HyperLedger is an open source effort for enterprise institutions and corporations to support the further development and adoption of blockchain technology in business applications.
To date Hyperledger has over 250 members including Accenture, Deloitte, Fujitsu, Hitachi, Huawei, Intel, IBM, Moscow Exchange, SAP, Samsung SDS, Xiaomi, Cisco, and more.
HyperLedger’s goal is to support the development of enterprise-grade and cross-industry platforms to utilize open distributed ledger technology. By having regular workshops, conferences, and building out extensive research and educational documentation, HyperLedger envisions that the sharing of knowledge and insights will accelerate the rate of blockchain development and adoption.
Hyperledger intends to supply the necessary framework, standards, and the support necessary to build better open sourced blockchains that become widely adopted throughout major organisations, such as those involved in their consortium.
4) Vechain
Vechain is a blockchain-as-a-service (BaaS) platform that focuses on improving supply-chain management for enterprise companies. This means helping with the sourcing and procurement of products or services in the creation or manufacture of goods and services for end customers.
In development since 2015, Vechain has managed to already partner up with 24 companies including Deloitte, Microsoft, Renault, PricewaterhouseCooper, DB Schenker, TCL communication, China Unicom, BMW and LV China.
The project has established a partnership with China’s largest insurance company, the People’s Insurance Company of China (PICC). The amount of high-level partnerships that VeChain secured in 2018 was astounding and led to much of its price appreciation and action throughout the year.
5) AERGO
A next generation blockchain platform, Aergo aims to provide an enterprise-ready solution for business, large corporations, and institutions alike. Aergo is backed by Blocko; a commercial blockchain startup that is recognized as South Korea’s #1 commercial private blockchain systems provider with an impressive list of clients.
Blocko has worked with and helped to deploy private blockchain systems for companies such as Hyundai, Lotte Card, Samsung, Cisco, LG, Kia Motors, and several notable Korean banks, telecommunications providers, Korean government agencies, and even the Korean Stock Exchange.
These companies are not merely testing out Blocko’s blockchain technology but have actually already implemented and are currently utilizing it throughout their business operations. How about that for blockchain adoption! Blocko is considered to be one of the most active and advanced enterprise blockchain solution providers currently in the blockchain space and seek to expand their offerings with a public blockchain in AERGO.
With blockchain technology and cryptocurrencies taking the world by storm throughout 2018, there is little doubt that national governments, Fortune 500 companies, and big to small enterprise corporations are keeping an eye out for how blockchain can possibly improve their business practices.
Throughout 2019, we will see far greater implementations of blockchain technology and it will be exciting to take note of what comes about for it for the market as a whole and as the industry graduates from development to actual use cases and adoption globally.
