EVEN CENTRALIZED GIANTS ARE SWITCHING TO DECENTRALIZED
The new wave of adoption is now coming from corporations. Microsoft has always been a Bitcoin supporter. It has identified the power of blockchain technology and its potential for disruptive apps in every industry. Also, Azure released its blockchain app creation service, Azure Blockchain Workbench, on May 7. Workbench aims to allow businesses looking to create bespoke blockchain apps to speed up the development process by automating infrastructure setup.
Another positive example is Amazon, a revolutionist in the e-commerce space. They are now looking to be on the front line when blockchain technology indeed does take hold. Mainly, users would be able to create their blockchain apps via the Amazon Web Services (AWS) CloudFormation Templates tool. AWS vice president Jeff Barr explained in a post, “Some of the people that I talk to see blockchains as the foundation of a new monetary system and a way to facilitate international payments. Others see blockchains as a distributed ledger and stable data source that can be applied to logistics, supply chain, land registration, crowdfunding, and other use cases.
Either way, it’s clear that there are a lot of intriguing possibilities and we are working to help our customers use this technology more effectively”. Other big companies have also considered jumping into the blockchain movement in different shapes and forms. Companies like Samsung, Huawei and more, all realize that with these opportunities they will be left behind if they don’t dive in quickly.
Huawei is loading phones with built-in Bitcoin wallets; Samsung will use blockchain for managing its global supply chain; Spanish banking group BBVA has become the first global bank to issue a loan on a blockchain, and more continue to grow around the world.