3 Famous Companies That Use The Blockchain Technology

Successful companies are always thinking one step ahead. Many of them turned to blockchain so they can improve the work of their businesses. Blockchain technology can help a business work more efficiently and provide a higher level of information protection. This way, businesses can save a lot of time and money. Here are a few companies that use this technology.

1. Walmart

Walmart is using blockchain so they can improve their management processes. They can easily keep track of the meat that they sell and its expiration date. Also, they can check the quality of the products they sell and where are the products when being transported from the supplier. The entire process from the distributor to the retailer is extremely simplified using a QR code scanning. The reason Walmart turned to blockchain is that of Salmonella outbreaks that took them more than 6 months to sort out. The software they used was complicated and the documenting process took days to figure out. Walmart teamed with IBM and are now using their hyper ledger technology based on the blockchain.

2. Microsoft

Microsoft has gathered a team of developers in order to create decentralized applications. These developers are all individually coming up with ideas on how to improve their business. The idea is to form new startups that will help bring innovation and ideas for their own company. These startups use blockchain based platforms and boost the efficiency in information management. This way, Microsoft offers a chance for developers to work in the business and to earn money while using blockchain technology.

3. IBM

Much like Microsoft, IBM wants to help new businesses thrive while using blockchain. IBM helps these new businesses with guiding them and teaching them how to create their own blockchain. IBM uses the Hyperledger technology, which is also based on the blockchain. This technology helps business improve their efficiency, and help them to boost development.