Blockchain Use Surging at Fortune 500, Smaller Firms: Coinbase

Approximately three of the five Fortune 500 blockchain Initiatives, Coinbase found in his Crypto State report on the second quarter based on the questions that were asked to executives from these companies.

About half of the participants said their companies increased their consumption on blockchain, while one of five said it was a key part of their companies strategies, although many also expressed concern about regulation.

“So the future of money is here and it has just begun,” the report said. “But it is clear that greater regulatory security is still needed to make the potential of cryptocurrency fully realized.”

The report emphasizes the growing embrace of digital assets and their basic technology with many companies that were once a cryptic skeptics now part of the adoptive parent combination. Financial services Powerhouse Blakkrock and Goldman Sachs have launched Blockchain initiatives among others, but the study found that companies in a series of industries and size also included blockchain in their business.

The number of small and medium -sized companies (SMBS) used Blockchain has doubled in the last year, with more than 80% of these companies say that their cryptocurrencies could help them “deal with at least one of their financial pain,” Coinbase revealed.

“The future of money is nowhere more visible than small and medium -sized enterprises, the backbone of the US economy,” the report said. “Onchain technology, especially for payments, has a great attraction to a group that considers that transactions and processing time are as their best financial point of pain.”

Blockchain is a fundamental technology on which BitcoinThe net is triggered by: distributed, internet book that records transactions and cannot be easily threatened because it uses cryptography.

The technology now has many other purposes, except for payment, with Walmart used to monitor his food supply chain and main banks that deploy it for his own financial products.

Numerous small companies that have started buying Bitcoin on the Nasdaq list as a way to ensure a better refund for their shareholders, the trend that has popularized Strategy—Formerly Microstrategy – which has turned from the development of software to become a bitcoin treasure trove and now operate more than 582,000 BTC worth over $ 62 billion.

The study also found that 18% of the surveyed SMEs stabibeline. Stablecoini are digital tokens related to non-solid property-a dollar dollar.

Coinbase contracted the third party to conduct a survey, which considered 100 Fortune 500 companies. It was said that the initiatives included “internal project projects, investment, partnerships and starting products/services”.

Edited James Rubin