What is the commercial grade global blockchain application for 2021? Which technology platform is most commonly used?

So far, Bitcoin's blockchain technology base has captured the interest of large companies and organizations around the world. Thousands of cryptocurrencies and decentralized solutions have developed, but as the industry expands and collaborates in the distribution of printers, there are more and more applications in the market and improvements. Technology can be updated faster.

Of course, one of the biggest benefits blockchain offers is the potential for a decentralized global ecosystem. However, the whole movement based on DLT and blockchain technology is still an unrealistic dream and requires a lot of simple tasks. Even in 2021, many companies are still working hard after using blockchain for ongoing research, experimentation, and operations.

When will the blockchain in 2021?u grand public?

Our process is always associated with intermediary services, it will take many years for these new developments to be fully developed according to industry, industry and large organizations wishing to keep all cultures.

In fact, it's not the best and it's a nightmare for big companies. Instead, these companies are paying more attention to privacy in closed-loop systems and focusing on developing their own solutions that use all aspects of blockchain technology to improve processes. . This is a real first step in improving these schools.

A lot of people think that going into the market and engaging in blockchain privacy solutions is bad for retaining the power and potential of the technology, but it isn't. When a user can move from independence from a medium to high exchange to a full-fledged DeFi, the global market has been cautious and cautious.

However, it is undeniable that the integration of blockchain technology is on the road to excellence and problem solving. In this article, we'll learn how businesses have used blockchain technology over the past few years and how they come together today.

Investment in enterprise blockchain 2021

Investments by the top 100 companies in blockchain solutions are now at an all time high. US $ 2 billion will be invested in 2021 alone, most of which will be in blockchain infrastructure-focused investments. This means that DLT technology can be used in an individual and licensed environment.

Let's take a look at how these technologies and technologies enable businesses and organizations to access and build the blockchain ecosystem.

We will also learn about the change by experimenting with private blockchain solutions for public chains and additional business-led approaches and all commercial solutions.

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Over the past few years, billions of companies have started investing in experimental, experimental, and integrated blockchain technology. However, business models using DLT and blockchain were already emerging in 2014. The company started experimenting with Multichain, Hyperledger and Corda, popular licenses for big banks such as HSBC. , ING, Standard Chartered Bank, UBS and BNP Paribas, only available for insurance companies, large oil processors and food processors. He can. some examples.

It has radically changed since then. In our research, we found that over 800 companies are actively developing blockchain solutions based on the 12 DLTs that we have identified. We know that there are many solutions in development and it is difficult to know how many companies are using DLT technology (i.e. there is no data on the chain).

This development goes hand in hand with the expansion and popularity of blockchain technology and the solutions it provides. Over the years, the number of major projects and partnerships of service providers such as Hyperledger, ConsenSys Quorum and Corda from R3 has increased.

"The demand for the ConsenSys Quorum product portfolio has tripled and it is easy to see that blockchain-based services (BaaS) started to increase several months ago with the announcement of Quorum's blockchain services."

Marc Mercuri, Director of Blockchain Services at ConsenSys.

Growth does not depend on the narrowness of a single industry, but on the expansion of several industries. Industries that mechanics need can also be related to other industries. For example, shipping companies that develop traceability solutions can easily engage with physicians to track consumers' medical information.

“We talk every week with companies developing major projects in various public sectors (medical and medical companies, insurance and banking companies, etc.) across the world, from the largest B2C retailer to government financial services and start-ups. -ups. Next-gen technology company with Hyperledger. "

Daniela Barbosa, CEO of Hyperledger and CEO of Linux on Blockchain, Health and Personalization.

Other key issues, such as the emergence of new viruses, are also critical to the industry's growing need for blockchain solutions. Two years ago, especially in 2021, the demand for reliable digital solutions related to personal information, medical information and life of digital asset management increased. We told Alliance R3 and they said:

“2021 is a turning point for financial aid.Way of proofThe demand for reliable digital solutions has accelerated and the ecosystem has responded. Since 2014, R3 has been operating at the heart of the global leader in the DLT licensing ecosystem of more than 400 banks, regulators, MFIs and businesses. "

In fact, as of September 2021, 81 of the top 100 companies were using blockchain technology, of which Hyperledger is the most popular solution, and 26% see it as a solution. . It followed Ethereum (18%), Quorum (11%) and Coda (8%).

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The desire to use blockchain technology is often driven by the desire to use new and improved technology, and blockchain technology is constantly improving as well. Working with Hyperledger and other solution providers is an easy, manageable and mature way to embrace cutting edge technology, being independent and time consuming compared to Bitcoin etc. hard on the blockchain space.

Likewise, some companies using Hyperledger in this regard include parent companies Google Alphabet, Microsoft, Toyota, Samsung, Wal-Mart, Visa, and Nestle. These are not small businesses, and the adoption of private blockchain solutions means that many companies have excelled in using blockchain as a tool for operations and other applications.

Looking at the past seven years of the emergence of the blockchain industry, the numbers show that blockchain usage has not been slow. The expectations of large companies regarding the use of blockchain technology have increased, the use of information has been brilliant, and solution providers have become increasingly powerful. However, the desire is also shifting from the potential of private blockchains to public blockchains.

Let's take a look at some business-centric infrastructure resources. These companies provide key technologies such as algorithms, process algorithms, and blockchains that companies can use for their own solutions.

Comparison of infrastructure at the enterprise level

Below is a comparison of some of the technology distribution companies (Ethereum public alternative network). Many of them have similarities, but some of these providers specialize in specialized firms (especially financial services, financial services or investment firms). For companies looking to develop their own solutions with specialist professionals, specialization gives them a good choice to adopt.

When comparing technologies to public communications, the main difference isvalid. Commercial solutions are generally intended for internal use and / or for use by closed actors, but this does not limit the use of public channels by industry. Instead, most companies want to control who can access their DLT and only allow certain participants to perform certain tasks. Thus, the term "authorization" is used because it requires the authorization of users who wish to access and participate in the network.

This goal is not to prove that one is better than the other, but rather the different processes and technologies available. Of course, there are many other products with specialized tools for the consumer market. Blockchain providers don't have to provide private services. In fact, a lot of them use public blockchains which helps them too.

A public blockchain allows companies to deliver new products faster and makes it easier for partners to understand how to provide information, like at Nestlé.

Nestlé, a subsidiary of IBM's FoodTrust Alliance

The partnership between Nestlé and OpenSC is a great learning experience and companies want to continue to extend the security of their personal blockchain. In 2019, we tried to create a public blockchain for some commercial products.

As one of the founding members of IBM Food Trust, Nestlé sponsored a blockchain application for chain management. However, a solid foundation was laid for the Alliance, and they began to learn the technology in depth using Hyperledger.

Nestlé's desire to access the public blockchain space is to 'deliver high-tech products that include the majority of users of that space,' Benjamin Dubois, director of blockchain and technology, told Forbes. Nestlé's digital transformation.

“It's a long-term task, as sometimes in integrated devices, to create a consistent and seamless connection in integrated devices requires the use of high-quality tools from the start, while creating additional data to monitor. and to report to consumers. "

He added, “Solution development (OpenSC) and our experience allow us to quickly launch new products and help our partners access them. In 2019, we announced two products in France. This is our first consumer test and the primary focus of both uses. view. "

While Nestlé's use of public blockchains at an industry level is rare in this context, it suggests that the understanding of the industry using exchange-traded devices is changing. In traditional terms, the blockchain industry is growing rapidly, with many significant events to study in 2021 alone.

However, it is undeniable that the private chain has many limitations as well, and as companies move along the blockchain these issues will become more apparent and solutions. New problems must be sought.

Public channels have their own hurdles, especially for companies that like to keep their jobs private and private. However, as more and more work is done in this area, advancements in this technology will lead to better access to public blockchain at the industry level.

Key Techniques in the Blockchain Industry Used in 2021

7 mars 2021 :black stoneLaunched on the Axoni Stock Swap network

BlackRock announced in September that it is now using Axoni Veris' DLT network for stock exchanges. Other large companies using the network are Citigroup and Goldman Sachs. BlackRock uses its Aladdin file manager software to improve its exchange time.

October 27, 2021: Removal and settlement platformThe broadcast is online.

Partly funded by DBS, JPMorgan Chase and Temasek, is a blockchain-based open suppression and peace platform incubated by the Government of Singapore (USD) end-to-end in less than 120 seconds - faster than average two days. for most types of transactions is required for The platform is designed to use ConsenSys Quorum to provide instant payments.

June 15, 2021: University of Hong KongMedoxi COVID-19 digital passport launched

The Chinese University of Hong Kong (CUHK) and ConsenSys announced a new portfolio information system called Medoxi Digital Health Passport. It uses blockchain technology to record all incident information related to COVID-19, such as measurement results, body temperature, vaccines and vaccinations, in a classification, private and secure. It is currently used by many participants, including physicians, educators, and patients. Medoxie is developed using ConsenSys Quorum and Codefi Orchestrate.

July 2021:l'assistantAnnouncement with UK of first fixed loan

Coadjute has created a real-time network connection for the real estate industry. The announcement will allow UK bank retailers to pay off mortgages on the network, a strong advantage developed using R3's Corda technology. Their services are now focused on improving the UK mortgage industry, which currently exceeds £ 240 billion a year. The coins announced in the network will be the UK's first solid bank and the world's first securities bank ready to take out mortgages.

November 1, 2021:NigeriaStarted by the CBDC pilot called eNaira

The Central Bank of Nigeria started as a CBDC pilot. eNaira is the central bank digital currency (CBDC) provided by the central bank as fiat money. CBDC runs on Hyperledger Fabric. Numerical form of Naira, used like money. The CBDC enables families and businesses to pay quickly, efficiently and reliably. October should be used as a pilot, with the aim of announcing the set by the end of 2021.

October 27, 2021: Become DBS Bank.First of allJoin the board of directors of HederaBank of Southeast Asia

According to Coindesk, Singapore-based DBS Bank has joined Hedera Management Group, the first bank in East Asia to join the global group of companies supporting Hedera Hashgraph. The bank now joins a board of 40 tech companies, corporations and nonprofits. Large companies such as Deutsche Telekom, Google, Boeing and Global Technology Co. also control the property.

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The use of commercial blockchains is a critical part of the development of this technology and could have implications for all aspects of cryptocurrency for the DeFi organization. While the world's largest companies have legitimate use of the technology, exploring this area also opens up better users and potential for greater efficiency.

It's interesting to see how the adoption company DLT has continued to grow and evolve from its inception in 2014 to 2018 until today. More importantly, the very rapid pace at which these companies, which often operate slowly, are starting to consider the next steps in public and illegal channels.

However, this diversity of the business class should not be seen as a mere extremist. It doesn't matter whether you decide to use one app and not another, but you should see it the way you want it to. Private channels are easier to design, implement, and use, and provide a business with a solid foundation for DLT technology and an easy way to move.

But the way the field expands and new capabilities emerge means there is always a desire to do more. Of course, both public and unauthorized chains offer additional features that businesses can use, but this blockchain product is still in its infancy.

It will be very interesting to see what this site looks like over the next 7 years and how many companies will use private channels instead of public channels, or generally use both games at the same time.