Forbes puts together “Blockchain 50” list, maybe they meant “Crypto 50”?

16 Apr, 2019
by Alberto Arnaldo
Forbes puts together “Blockchain 50” list, maybe they meant “Crypto 50”?

Traditional finance and rich people in general magazine Forbes has just published today their list of the top companies involved in “blockchain”. Judging from the activities in which many of those firms are currently involved, it seems as if Forbes might just have used “crypto” instead.

The methodology behind the selection is a rather loose one, as the magazine claims that their staff researched more than 100 large firms which were into blockchain exploration and chose for the 50 most relevant ones when it came to their efforts in this area.

The minimum threshold for inclusion on the list was a revenue valuation of at least $1 billion. Some of the names on the list are well-known for their blockchain involvement, such as Fidelity, Santander, Facebook, Coinbase, JP Morgan Chase or Ripple, meanwhile others were a bit more out of the radar, for example Cargill, Allianz or Bumble Bee Foods.

Companies listed on the ranking engage in a wide variety of sectors, with a clear majority being into banking and finance. However, when it comes to their type of blockchain investment, it is rather surprising to see that 24 out of the 50 have Ethereum among their assets, 7 have Bitcoin and 5 list XRP or Ripple.

The wide presence of those tokens on the list, and even of other such as Bitcoin Cash, Litecoin or even Dogecoin, triggers the questioning of the label of the “Blockchain 50” list put together by Forbes.

Read more: Forbes article explains "what's preventing Bitcoin from going mainstream"Forbes: Altcoins' rally is over, BTC's next resistance level is $6K

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