Connect with us


Forbes Lists Russia’s Nornickel Among Top 50 Global Blockchain Leaders

Forbes listed Russian mining giant Nornickel among the 50 global leaders of blockchain technology for the second consecutive year.

“Companies on our annual list have moved beyond test projects and now rely on ‘distributed ledger’ technology to do serious work. A lot of the action is in the back office, verifying insurance claims or facilitating real estate deals. It has also become vital to supply chains, whether checking the provenance of conflict minerals like cobalt or tracking auto parts for Renault,” Forbes said.

And that is exactly what applies to the efforts of Nornickel in this sector. Last week, Nornickel’s partner platform Atomyze Russia was granted an official license from the Russian central bank to issue and circulate digital financial assets, such as tokens.

Last year, Nornickel’s Global Palladium Fund (GPF) issued the first digital assets via Atomyze — exchange traded commodities physically backed by metals produced by Nornickel.

Nornickel’s reliance on blockchain aims to help track the origin and environmental integrity of its metals and ensure the transparency of the entire supply chain, as well as the facilitate transactions and investments.

The Forbes Blockchain 50 2022 ranking includes many industrial, financial and IT corporations, including such giants as Allianz, Aon, Baidu, Boeing, Visa, Walmart. Global corporations are increasingly using “distributed ledger” technology because they want to speed up their business processes, increase transparency and save billions of dollars in the long term.

Walmart uses the blockchain to track shipments from suppliers and reduce the risk of product spoilage and contamination, Seagate uses blockchain to detect and prevent counterfeiting, and Boeing uses blockchain to protect data from an aircraft’s GPS receiver.

Vladimir Potanin, the largest shareholder of Nornickel, told Bloomberg this week that non-fungible tokens (NFTs), not cryptocurrencies, would be the future of the digital economy.

To make it to the Forbes’ list, the companies must have their revenue and market capitalization of $1 billion or more.

The overall market capitalization of 50 firms in this year’s list is $6.3 trillion, down 35% from $9.7 trillion last year, mainly due to Microsoft, Saudi Aramco and LVMH, which have a combined value of $4.1 trillion, dropping off.

The other notable shift is the growing share of Asian companies in Blockchain 50. There are now 12 Asia-based companies in the list, compared to four in 2019 and 10 in 2021.

Eight of the 50 companies were included in all four editions of the mentioned list: Block (previously Square), China Construction Bank, Fidelity, Mastercard, Meta, Oracle, Tencent, and Visa.

I am an avid traveler and loves writing. I love writing about beauty and fashion. When I am not traveling or writing, you'll find me modeling.

Advertisement defi

Join Disrupt Magazine

Become A Disrupt Contributor

Most Disruptive

tezos and NFT tezos and NFT
NFT3 weeks ago

Beginners guide to NFTs: What are non-fungible tokens?

You have probably heard the word NFT hundreds of times so far. At first glance, you thought it only had...

Sports + Gaming2 months ago

What Motorcycles Are Good For Long Trips?

Motorcycles are all about freedom. But the question is: how often do we really go out there and enjoy the...

Executive Voice2 months ago

3 Ways Maternal Instincts Give Women In Leadership An Advantage

As the landscape of gender roles continues to be redefined, these 3 experts agree that their maternal instincts provide an...

Executive Voice3 months ago

The Queen of Title: How Powerplayer Rachel Luna is Disrupting the Title Industry Through a Modern Approach

Rachel Luna has made quite the name for herself within Texas’s title real estate business as the Title Queen and...

Executive Voice3 months ago

Nancy Almodovar: The Latina CEO Who is Disrupting the Status Quo of the Luxury Real Estate Market

It comes as no surprise that Nancy Almodovar, the CEO and founder of Nan and Company Properties, is one of...

Business3 months ago

How To Nurture Talent Within Your Business

Your business can only succeed with talented workers on the payroll. Luck and even strong economic conditions will only get...

NFT4 months ago

Solana’s value plummets below $98 due to a Wormhole Exploit

Many people thought blockchain technology was robust, secure, and virtually “unhackable.” However, the crypto world has faced several hacking incidents...

NFT4 months ago

Polly Kole, The Beauty With Gifted Hands Tycoon Of NFT Sculptures

In a society full of stereotypes, people clinging to appearance and disregarding one’s achievements is the magnificent Polly Kole stunning...

gold and black round emblem gold and black round emblem
Cryptocurrency5 months ago

Bitcoin’s Volatility Explained

Since cryptocurrency was introduced in 2009, it has become a very controversial subject for both critics and supporters. One of...

News5 months ago

Spider Man; No Way Home’, Crushes Box Office Estimates Generating A Mammoth $253 Million In North America.

After only 3 days in the cinemas, the latest and last Spidey outing disrupted the international market as the highest-grossing...


Copyright © 2020 Disrupt ™ Magazine - Disrupt is a Minority Owned Privately Held Company

Disrupt ™ is the voice of Latino entrepreneurs around the world. We are part of a global movement to increase diversity in the technology industry and we are focused on using entrepreneurship to grow new economies in underserved communities around the world. We enable millennials to become what they want to become in life by learning new skills and leveraging the power of the digital economy. We are living proof that all you need to succeed in this new economy is a landing page and a dream. Disrupt tells the stories of the world top entrepreneurs, developers, creators, and digital marketers and help empower them to teach others the skills they used to grow their careers, chase their passions and create financial freedom for themselves, their families, and their lives, all while living out their true purpose. We recognize the fact that most young people are opting to skip college in exchange for entrepreneurship and real-life experience. This Podcast was designed to give them a taste of that.