Successful IT Companies You Didn’t Know Were Using Blockchain Technology
Our current world relies on tech, and the people and organizations behind it provide the bloodline for the modern economy. And just like there are many ways you use tech in everyday life, there are just as many ways that tech giants and small innovators in the IT sector use Blockchain technology in their daily operations.
Amon them, some are pushing the boundaries of where blockchain and IT business solutions meet. They are the first movers to adopt the technology, and if it’s working for them and their clients, it will most likely work for you as a consumer shortly.
Some companies in the list are the names behind blockchain technology itself; others use it simply as an alternative payment method, while a selected few take the technology to another level, molding it to serve intricate tasks with the highest efficiency.
Dell Technologies – Rock Around the Blockchain
Dell Technologies is a massive tech company covering everything about IT, from hardware to software. It’s a giant of the game, and it regularly innovates the sector with new inventions. So naturally, they couldn’t miss out on the Blockchain revolution and adapted very smoothly, without the big headlines, but with the promise of offering enterprise-class blockchain solutions.
Big names already had started implementing blockchain tech in their operation, yet the lack of IT infrastructure DELL saw needed to be added stopped them from going bigger. With this in mind, they started the Blockchain Interest Group with their portfolio of tech firms.
The first thing the interest group did was research in depth what the challenges businesses faced were and what could and should be done to implement blockchain applications in the industry.
Fellow Stever Todd explains a part of this research in his paper Rock Around The Blockchain. However, for anyone who’s not keen on going through an entire research paper, his interview briefly goes through it all.
Years before the interest group was even in talks, DELL tested the ground with Bitcoin in its 2014 gold rush. They started accepting Bitcoin payments when few big firms considered it. Whether many people spend their crypto or not didn’t matter to DELL, as they mainly wanted to show that they were ahead of the curve and could make the Blockchain work for them from the very start.
FunFair – Dealing the Cards for the Future of Online Casinos
A project that promises to be the one-stop solution for creating crypto games. Their company’s name might not suggest it, but they are behind the tech on which many major blockchain games and online casinos work.
Beyond setting up the blockchain structure for other gaming companies, their most significant promise is the FUNtoken – one coin to rule them all in the iGaming industry.
The concept is straightforward, and this simplicity is also the biggest advantage. Instead of having many wallets, each with a list of sometimes quirky named coins, you only use one token – the FUNtoken. Sounds fun, and it is because it’s always best to bet on one big coin that is present everywhere, rather than thousands who will most likely go under in multiple series of bear markets. If the future of iGaming is bright, then a technology like this is needed to ensure this outcome. One solid coin you can safely rely on and get the thrills each time you play crypto casino slot games, and FunFair knows it.
Red Hat – Open Source meets Blockchain
Open Sourcing made the world of developers simple, and eventually, they delivered most of the apps you now use on your phone. Someone had to create what others use now for free, and one of the biggest names in the IT industry doing that is Redhat.
Redhat goes far back in making it easier for tech people to thrive. In the context of crypto, it started its Opeshift Blockchain Initiative – the open-source equivalent for blockchain apps. It offers the playground for fintech startups and financial institutions to build decentralized solutions for their clients.
It started with financial institutions in focus in 2016, yet as Redhat promised, it branched out into other industries. A great example is BLOQ, a branching of Redhat that promises to be, simply put, “Redhat for Web3.”
Without going much into the tech, BLOQ continues the goal of creating infrastructure for developers, only this time in Web3.
Capgemini – Blockchain as a service
We all wished our banks accepted crypto more easily, and if that ever happens, a firm like Capgemini would have to set up an IT structure to handle the process.
Sometimes the crypto community demonizes banks for not embracing crypto, yet in many cases, it’s not a matter of not wanting but being unable to. The financial sector needs the right tech infrastructure, and just like a branding agency heads to the quarters of a corporate to improve its image, Capgemini works with financial institutions to offer the right digital transformation.
They can do this and have done this successfully for years, backed by their long history of digital transformation – a broad concept that may very well always include Blockchain tech in the near future.
As with all big tech firms, they start branching out on side projects, the most interesting of which is the small startup named ‘Frog.’ Yet another firm with a very misleading name offers what could be the next big thing, a merger of AI and crypto.
AI is the new crypto in many ways, so both of them together are an unavoidable future. ‘Frog’ will likely be among the first to ‘jump’ for it.
WithOrca – Beyond Standard Cloud Security
Privacy and crypto are often seen as a double-edged sword for companies. As lead-generating machines, modern companies want to keep their client’s data private from others but would prefer, as we know now by experience, to keep some for themselves. However, the small Swizz firm WithOrca found a usage of the Blockchain’s privacy feature no company would say no to.
Their role is to add more layers of security to a company’s data and systems while making sure that everyone in the system is more than just a line of code but perfectly accountable for each action. The goal is to seal the safety of cloud data even to the most skeptical CEO that still has a safe filled with passwords in their office behind their portrait.
WithOrca’s favorite clients, investment firms depend entirely on privacy and the protection of accounts. Blockchain-based immutable logs are not an option at this point, where little has been left unhacked.
The company was founded in one of the countries that historically have the best privacy laws on money and is today one of the most forward-looking countries regarding crypto. Being Swizz is indeed lucky if you want to make an impact on how the Blockchain is used.
Don’t confuse it with security giant Orca; there’s a trend in naming firms Orca in that industry.
Will the Market Dictate Tech’s Future?
Everything comes with a certain risk, and smart companies are great at risk management. They have a major advantage compared to us, the everyday users who are dependent on looking at charts of coins going up and down – Implementing the Blockchain in business operations goes beyond market fluctuations and relies on only the tech’s advantage.
In the short term, many small companies might depend on the value of a coin and the buyer’s interest; big firms, however, can take the chance and push the limit of a break-even point. “Too Big To Fail” signifies readiness to risk and huge investments in an R&D department.
Don’t forget, though, that many of today’s Silicon Valley fortune 500s started in a garage, so the next innovator might just be that small Swizz firm that figures out a way to make the Blockchain work best not only for a big firm but make life easier for even for you, the consumer.
Read more: https://thenewscrypto.com/successful-it-companies-you-didnt-know-were-using-blockchain-technology/
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
