81 of the Top 100 Public Companies are using blockchain technology | Hacker News Reader

81 of the Top 100 Public Companies are using blockchain technology

blockdata.tech

9 pointsjpknegtel714 comments

Massive “citation needed” here. I very seriously doubt this headline is true and almost certainly includes every company who ever said “oh sure we’re looking at blockchain” before spending 5 minutes looking and then realizing it provides them no benefit over existing technologies.

OP here. We've included a downloadable excel list in the report and have also spoken to quite a few to the companies involved.

It's mostly happening behind the scenes (which we're not a massive fan of) but it's a step in the right direction.

> It's mostly happening behind the scenes (which we're not a massive fan of) but it's a step in the right direction.

Why is an increasing adoption of blockchain a step in the right direction?

The traditional data systems that power the global economy are no longer fit for purpose. Moving transactional data to shared sources of truth can bring some much needed clarity to the state of the world.

It's a data migration... it seems the regulators, corporates and the crypto world are all moving in that direction.

(again, for better or for worse as there are many different flavours)

> The traditional data systems that power the global economy are no longer fit for purpose.

Why? They seem to be working fine.

> Moving transactional data to shared sources of truth can bring some much needed clarity to the state of the world.

How?

I’m not about to give a company in the blockchain sphere my contact information to download the report. Surely it should be easy to provide evidence for the 27 companies you claim are providing production services using blockchain

> we find that there are still an impressive 65 companies who are actively developing blockchain solutions.

> Furthermore, 27 of the top 100 public companies have a fully functioning , live service that is using blockchain technology in 2021.

#1: Blockchain infrastructure services / BAAS platforms

#2: Supply chain / Traceability / Provance

#3: Clearing & settlements

OK, only use cases #2 and #3 provide any direct value. So I'm curious, what percentage of the 27 companies are in the #2/#3 bucket?

I feel like this thousand feet overview probably loses a lot of detail. Often when someone says "Intel" is using something that means out of a company of 100,000 people about 3 people in Oregon are playing with it. Like, really what are we saying when we're listing Home Depot & Maccas next to Oracle and Tencent.

We tried to look into that also: https://www.blockdata.tech/blog/general/how-many-blockchain-...

The point of this research was to highlight that the tech is maturing and it is not some 'hobby' technology. Next to the whole 'crypto world' there is still a lot of innovation happening in Blockchain land.

As per another comment, not saying it is good or bad as is the conversation around permissioned blockchains tends to go but our role is just to share the numbers :)

The employee numbers in that link are "hobby" numbers for companies as big as those cited. For scale, Facebook (252 people working on blockchain in some capacity) hired ~14,000 people in 2020 alone.

0 of the Top 100 Public Companies are using blockchain technology in a way that effects their bottom line.

Not true, surely many of them are throwing money away on "blockchain technology", which cuts into their massive profits!

'Using in production' is 27 companies. A large part of those (Amazon, Microsoft, SAP, Oracle, etc) probably as a service for others to built their own services. So in the end just a handful of those 100 companies are using it in production (today)?

I wonder what the over/under is for most of these companies is on “number of people hired to work on blockchain” versus “number of people hired to do incident response because of malicious cryptominers.”

Reply on news.ycombinator.com