Forbes’ second Blockchain 50 list features the United Nations

• The list featured industry giants like Amazon, Microsoft, JPMorgan, Google in addition to crypto firms like Bitfury, Coinbase and Ripple.
• Half the organizations mentioned in the list are newcomers such as the UN, China Construction Bank, Russia’s National Settlement Depository, and Square.

Forbes has released a Blockchain 50 list, which features many new entrants, including the United Nations. The Blockchain 50 is a list of 50 global companies that are increasingly using blockchain technology. The list was first introduced back in April 2019 and the February list happens to be only the second release of the compilation. While the February list has recurring entrants like Amazon, Microsoft, JPMorgan, Google, Bitfury, Coinbase and Ripple, it also includes newcomers such as the UN, China Construction Bank, Russia’s National Settlement Depository and Jack Dorsey’s Square. 

According to an earlier report by Cointelegraph, António Guterres, the UN secretary-general, had stated that the organization must adopt blockchain technology. 

For the United Nations to deliver better on our mandate in the digital age, we need to embrace technologies like blockchain that can help accelerate the achievement of Sustainable Development Goals.

Forbes says that this year’s featured companies have significantly moved beyond t

he theoretical use of blockchain technology and have generated “very real revenues and cost savings.” Amazon’s blockchain product, Amazon Web Services, was implemented by Nestlé to introduce a new coffee brand called Chain of Origin, Forbes added.

Michael del Castillo, Forbes staff writer, said:

Blockchain started as a way to move bitcoin from point A to point B but it is now being used by a host of big companies to monitor and move any number of assets around the world as easily as sending an email.

Interestingly, Forbes had released a separate list called “Fintech 50” on February 12, which included six blockchain-focused firms, namely – Axoni, Chainalysis, Coinbase, Everledger, MakerDao and Ripple.