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.
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...
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...
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...
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...
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...
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...
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...
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...
Bitcoin’s Volatility Explained
Since cryptocurrency was introduced in 2009, it has become a very controversial subject for both critics and supporters. One of...
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...
Business1 week ago
A journey and an overview of the life of the young Iraqi artist Bakr Al-Hashemi from zero to the top
Executive Voice4 days ago
Rising Entrepreneur and Marketing Guru Chastity Heyward and Her Mission
Executive Voice2 weeks ago
Rising Star NORD is a Fresh New Talent from Oregon
Entrepreneurship6 days ago
Selling Used CDs for Extra Money: eBay and Flipping CD Tips from “America’s #1 Thrifter” @JasonThrifts
Women Who Disrupt2 weeks ago
Stephanie Shojaee Spearheads Shoma Group’s Future with Style
Entrepreneurship4 days ago
The Creative Mind of Joel Douek Finds Inspiration in Visual Art & Sculpture
Executive Voice3 days ago
Convoy Home Loans is Disrupting the Luxury Real Estate Market with Creatively Structured Loans
Executive Voice2 weeks ago
An exclusive Interview with a fisher of leaders from the crowd, Okanda Eugine, Founder of Unlock Young Leaders Summit