Top Companies working on Hyperledger
Hyperledger is an open source collaborative effort created to advance cross-industry blockchain technologies. It is a global collaboration including leaders in finance, banking, Internet of Things, supply chains, manufacturing and Technology. The Linux Foundation hosts Hyperledger under the foundation.
Intel supplies processors for computer system manufacturers such as Apple, Lenovo, HP, and Dell. Intel also manufactures motherboard chipsets, network interface controllers and integrated circuits, flash memory, graphics chips, embedded processors and other devices related to communications and computing. Intel is a member of Hyperledger, an open-source collaborative effort created to advance cross-industry blockchain technologies. It is a global collaboration, hosted by The Linux Foundation, including leaders in finance, banking, IoT, supply chains, manufacturing, and technology.
2. SAP
SAP stands for Systems, Applications, and Products in Data Processing. SAP was founded in 1972 in Walldorf, Germany and now has offices around the world. SAP innovations help 437,000 customers worldwide work together more efficiently and use business insight more effectively. SAP plans to utilize blockchain in existing and new business scenarios for enterprises. The company will implement blockchain across its portfolio including the SAP Ariba network to enable use cases like provenance scenarios, digital object representations or collaborative transaction execution.
3. ING
ING is a global bank with a strong European base. Our 53,000 employees serve around 38.4 million customers, corporate clients, and financial institutions in over 40 countries. Our purpose is to empower people to stay a step ahead in life and in business. In terms of technology, it is participating in a Hyperledger Fabric project. It was announced earlier as a founding member of a platform targeting the mining industry called Minehub. This is a similar strategy to its involvement in the VAKT post-trade blockchain for energy. It enables the bank to have input into shaping the direction and integration for trade finance.
4. Seagate
Seagate helps maximize humanity’s potential by delivering world-class, precision-engineered data solutions developed through sustainable and profitable partnerships. Seagate, a U.S.-based computer hardware manufacturer well known for its data storage products, is using IBM’s hyperledger blockchain in an effort to reduce the amount of counterfeit hardware infiltrating its supply chain. As hardware units occasionally fail, Seagate is having problems on both sides of its supply chain, as fake hardware can be substituted both for retail delivery and product returns to the manufacturer for defects. The company hopes to solve both issues with the new measures.
5. HP
Another, less spoken about enterprise-grade blockchain solution offerer is Hewlett Packard Enterprise (HPE). HPE is the enterprise Lab of the 80-year-old information technology company that was founded in November of 2015. HPE’s blockchain offerings include their Mission Critical Distributed Ledger Technology, allowing customers to execute distributed ledger workloads in environments that demand 100 percent fault tolerance, and are fully scalable. Also included is HPE Pointnext, a workshop, proof of value, and implementation services for blockchain aimed at helping businesses define their use cases, as well as design and test potential solutions in order to maintain ‘operational excellence.’
6. Allianz
Allianz Global Corporate & Specialty SE (AGCS) has successfully trialed blockchain technology for a global captive insurance program, which facilitates cash transfers between countries. The Allianz captive insurance blockchain prototype, built on the blockchain framework Hyperledger Fabric 1.0, focuses on two types of insurance policies — professional indemnity and property — for a captive insurance program with local subsidiaries in the U.S., China, and Switzerland. The blockchain technology automatically connects all parties involved in the captive insurance program — the captive management, local subsidiaries, and AGCS as the fronting insurer.
7. Amazon
Invent 2018, AWS announced Amazon Managed Blockchain, a fully managed service that makes it easy to create and manage scalable blockchain networks using the popular open-source frameworks Hyperledger Fabric and Ethereum. General availability of Hyperledger Fabric was announced in April 2019, with support for Ethereum coming soon. The blockchain software company formerly run by Blythe Masters, Digital Asset, is integrating its smart contract programming language Digital Asset Modeling Language (DAML) with Hyperledger Fabric, R3 Corda and Amazon’s traditional database service, AWS Aurora.
8. BBVA
Banco Bilbao Vizcaya Argentaria, S.A., better known by its initialism BBVA, is a multinational Spanish banking group based in Madrid and Bilbao, Spain. It is one of the largest financial institutions in the world and is present mainly in Spain, North America, South America, and Turkey. BBVA is also a founder member of Alastria, the main blockchain consortium in Spain, in partnership with major companies in the country from sectors such as telecommunications, transport, and industry. As part of its commitment to the development of blockchain-based solutions and other Distributed Ledger Technologies (DLTs), and takes part in Hyperledger.
9. BNP Paribas
BNP Paribas S.A. is a French international banking group. It is the world’s 8th largest bank by total assets and currently operates with a presence in 77 countries. Digital technologies are changing the way we work. BNP Paribas sees blockchain technology as a positive move and has been evaluating the potential of DLT since 2011 by taking part in industry initiatives and working with fintechs specializing in DLT. The advancements in the post-trade landscape will no doubt provide challenges, but it will also present opportunities in this changing world.
10. Broadridge
Broadridge believes distributed ledger technology has transformative potential to improve the efficiency, safety, and economics of the capital markets industry in a significant way. We are thrilled to collaborate with the Hyperledger Project to help accelerate innovation and advance the open-source development and shared infrastructure standard that underpins blockchain technology. Broadridge is the global fintech leader and plays a crucial role at the center of the financial services industry.
11. Cargill
As the largest privately held company in the United States, Minneapolis-based Cargill is one of the world’s top producers and distributors of agricultural products such as sugar, refined oil, cotton, chocolate, and salt. The company was founded in 1865 by William Cargill and has remained in the family ever since. Cargill already has a close relationship with Hyperledger. Alongside Intel, it helped to create the Hyperledger Grid enterprise blockchain project that targets supply chain solutions. The company is also involved in a global agribusiness consortium, referred to as ABCCD because of the names of the companies involved.
12. Microsoft
Microsoft Corporation is an American multinational technology company with headquarters in Redmond, Washington. It develops, manufactures, licenses supports, and sells computer software, consumer electronics, personal computers, and related services. Microsoft is no stranger to the blockchain space, and have been pushing the boundaries with their offerings, such as the Coco framework, which is an open-source system that enables high-scale, confidential blockchain networks that meet all essential enterprise requirements. Microsoft has announced they’re joining Hyperledger, a Linux Foundation community that focuses on open-source implementations of the emerging specifications and standards for blockchain and distributed ledgers. Over the past few years, blockchain has shown significant promise across many industries to manage complex workflows and logistics.
13. Siemens
Siemens AG is a German multinational conglomerate company headquartered in Munich and the largest industrial manufacturing company in Europe with branch offices abroad. The tech giant Siemens has made a move in the Blockchain division. The company’s interest to use this technology to bring innovation in two of its decisions. Presently the company aims at implementing Blockchain technology two divisions Energy Management and Power Generation Services. The primary objective of amalgamating with Blockchain technology is that Siemens wants to create a system for the future and secondly, with this move the company aims to store and distribute energy in a more efficient manner.
14. Nestle
Nestlé S.A. is a Swiss multinational food and drinks processing conglomerate corporation headquartered in Vevey, Vaud, Switzerland. It is the largest food company in the world, measured by revenues and other metrics, since 2014. Nestle and Carrefour have announced the launch of a blockchain project to provide greater transparency in how food products make it to market. The companies say they collaborated with IBM through the IBM Food Trust program with the project completed in less than six months. French residents can now go to any of the 5,360 Carrefour stores and scan a QR code on Mousseline purée (mashed potato) packages.
15. Visa
Visa Inc. is an American multinational financial services corporation headquartered in Foster City, California, United States. It facilitates electronic funds transfers throughout the world, most commonly through Visa-branded credit cards, gift cards, and debit cards. Visa B2B Connect, the payment giant’s enterprise blockchain platform that enables cross-border payments between businesses. Visa’s blockchain-powered business-to-business payments service, first made public in October 2016, has officially gone live. Visa ultimately turned to Hyperledger Fabric for the DLT side of the system with assistance from IBM.
16. Walmart
Walmart Inc. is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores, headquartered in Bentonville, Arkansas. The company was founded by Sam Walton in 1962 and incorporated on October 31, 1969. Walmart thought that blockchain technology might be a good fit for the decentralized food supply ecosystem. To test this hypothesis, the company created a food traceability system based on Hyperledger Fabric. Walmart, together with its technology partner IBM, ran two proof of concept projects to test the system.
17. Maersk
Maersk is a Danish business conglomerate with activities in the transport, logistics and energy sectors. Maersk has been the largest container ship and supply vessel operator in the world since 1996. According to the company, this solution will help manage and track the paper trail of tens of millions of shipping containers across the world by digitizing the supply chain process from end-to-end to enhance transparency and the highly secure sharing of information among trading partners. When adopted at scale, the solution has the potential to save the industry billions of dollars.
18. Statefarm
State Farm is a large group of insurance and financial services companies throughout the United States with corporate headquarters in Bloomington, Illinois. State Farm believes the financial and insurance industries are poised for blockchain disruption. We are rapidly approaching a window of opportunity to help shape blockchain innovations. Through strategic relationships with consortiums and other blockchain-related groups, State Farm is looking to collaborate and explore with organizations to learn and better understand what this type of technology can do for our organizations and customers. State Farm has two blockchain projects in the pipeline. Exchange of information for insurance tracking and improving efficiency and reducing the cost associated with insures sharing information during the claims process.
19. Golden State Foods
Golden State Foods (GSF) is an American foodservice company. Through a joint venture with Taylor Fresh Foods Inc., GSF is one of the biggest service providers to McDonald’s restaurants, including liquid products, and it’s the third-largest beef supplier in the U.S. Last year GSF partnered with IBM to pilot a solution that combines radio-frequency identification (RFID) to automatically track fresh beef’s movement, IoT devices to monitor its temperature, and blockchain to orchestrate the business rules between parties in the supply chain.
20. CVS Health
AI and blockchain can help improve transparency and interoperability, without which the healthcare system will experience unavoidable costs and glitches. CVS Health is using blockchain technology to insure administrative errors can be reduced and that healthcare information could be exchanged more efficiently, thereby reducing costs while providing better care to patients. CVS Health Corporation is a company that owns CVS Pharmacy, a retail pharmacy chain, CVS Caremark, a pharmacy benefits manager, and Aetna, a health insurance provider, among other brands, headquartered in Woonsocket, Rhode Island.
21. Northern Trust
Northern Trust Corporation is a financial services company headquartered in Chicago, Illinois that caters to corporations, institutional investors, and high net worth individuals. It is one of the largest banks in the United States and one of the oldest banks in continuous operation. Northern Trust launched the industry’s first deployment of blockchain technology for the private equity market in 2017. Working in partnership with key clients and regulators, Northern Trust continued to innovate and implement additional capabilities, including an automated ‘end-to-end’ capital call process
22. Nasdaq
Nasdaq stock exchange is an American stock exchange. It is ranked second on the list of stock exchanges by market capitalization of shares traded, behind only the New York Stock Exchange. Investors in private company securities on Nasdaq can use Citi’s cross-border payments facility and blockchain to buy, sell and settle transactions. Nasdaq and City Treasury and Trade Solutions announced today they have developed a new integrated payment solution that enables straight-through payment processing and automates reconciliation by using a distributed ledger to record and transmit payment instructions.
23. UBS
UBS Group AG is a Swiss multinational investment bank and financial services company founded and based in Switzerland. Co-headquartered in the cities of Zürich and Basel, it maintains a presence in all major financial centers as the largest Swiss banking institution in the world. UBS Group AG, after experimenting with blockchain technology for about two years, plans to build a trade finance system that uses distributed ledgers to streamline import-export transactions globally. Working with International Business Machines Corp., the Swiss bank chose the open-source Hyperledger blockchain platform for the project, in part for its deft handling of smart contracts.
