Nearly 75% of Fortune 100 firms have explored blockchain initiatives

InstitutionalJune 16, 2020, 5:44PM EDT
UPDATED: March 10, 2022, 3:40PM EST
Nearly 75% of Fortune 100 firms have explored blockchain initiatives
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The cryptocurrency mania of 2017 inspired some of the largest companies in the U.S. to experiment with blockchain systems.  Large corporations jumped at the chance to be associated with blockchain technology, due to its novelty and its association with technological innovation. IBM, for example, has said the technology has the potential to change entire industries and “even the world.”

It is no surprise then that 72% of the top 100 firms on the Fortune 500 list have either explored blockchain opportunities or have even launched blockchain-based services. The Fortune 500 list consists of the 500 largest US companies by total revenues. For this piece, The Block takes a look at the top 100 firms from the Fortune 500 list and the status of their blockchain efforts.

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