Discover how top companies like Samsung and Tesla drive industry transformation with blockchain technology.

<img src="top companies industry transformation.png" alt="">

As we navigate the digital revolution, a transformative technology emerges. This article highlights how leading companies like Samsung, Tesla, JPMorgan, Walmart, and Roche harness its power to revolutionize their operations. We’ll also delve into KleverChain, a groundbreaking solution that simplifies the development of decentralized applications.

Embark on this journey to understand the transformative role of technology in top industries.

Top Companies Driving Industry Transformation with Blockchain Technology

Samsung: Leading Industry Transformation

Samsung, the South Korean tech giant, is not just watching the blockchain revolution; they’re actively involved in it. According to a report by Blockdata, Samsung has been identified as the most active investor in blockchain-related companies, joining in 13 funding rounds between September 2021 and June 2022.

The tech giant has invested in a diverse range of companies, including Yuga Labs, the issuer of Bored Apes Yacht Club, Animoca Brands, a blockchain gaming company, and Sky Mavis, the owner of Axie Infinity. These investments indicate Samsung’s commitment to supporting innovative blockchain solutions across various sectors, including gaming and digital art.

Samsung’s investments are likely made through Samsung Next, an innovation group within Samsung Electronics that focuses on blockchain, artificial intelligence, and the Metaverse. While the exact amount invested by Samsung in each of these companies is not detailed, the total size of the funding rounds for these 13 companies aggregated to $979.26 million.

Samsung’s active investment in blockchain companies demonstrates its belief in the transformative power of blockchain technology and its potential to revolutionize various sectors. Samsung isn’t just a spectator in blockchain; it’s a key player shaping this technology’s future.

Tesla: Advancements in Sustainable Sourcing and Logistics

<img src="top companies industry transformation.png" alt="">

The renowned electric vehicle manufacturer Tesla is using technology to transform its supply chain processes, particularly in raw material procurement and logistics operations.

In sustainable sourcing, Tesla uses a blockchain solution called Re|Source to trace cobalt from the Democratic Republic of Congo, ensuring it’s sustainably sourced. This solution, piloted in various locations worldwide, provides a transparent and verifiable record of the cobalt’s journey from the mine to the factory.

In the logistics sector, Tesla participated in a blockchain pilot project run by the Global Shipping Business Network. This project used technology to improve sea waybill information, enhancing efficiency for all participants. The documents were handled on a blockchain, allowing shipping companies and the port to see and sign off the same data simultaneously.

This resulted in the faster release of containers filled with Tesla auto parts, demonstrating the power of blockchain in logistics operations.

Blockchain in Finance: JPMorgan’s Innovative Blockchain Platform Initiatives

JPMorgan Chase is leading the way in finance with two significant initiatives: the launch of its own digital currency, JPM Coin, and a new blockchain platform for bank-to-bank settlements in India.

JPM Coin is now live, and a major tech firm is using it for 24/7 cross-border payments, demonstrating the efficiency and cost-effectiveness of blockchain. Moreover, JPMorgan has established “Onyx,” a dedicated unit for digital currency and blockchain work, to cater to the expected increase in commercial clients.

In a groundbreaking move, JPMorgan has partnered with six major Indian banks to launch a blockchain platform for interbank settlement of U.S. dollar transactions. This platform enables instant transactions 24/7, significantly improving the current system.

These initiatives underscore JPMorgan’s commitment to leveraging blockchain platforms in finance, signaling a broader trend in the financial sector.

Walmart: Industry Transformation in Supply Chain Management

Walmart is using this technology to transform its supply chain management. Amid the COVID-19 pandemic, the need for traceability in the food supply chain has become critical. Blockchain, initially for cryptocurrencies, now changes supply chains by safely tracking goods from origin to consumer.

Walmart’s blockchain journey started in 2016 with projects tracing US mangoes and China’s pork supply. Success led to a 2017 partnership with IBM to enhance its food traceability system.

Today, Walmart’s Chinese stores use a traceability platform that assigns QR codes to food items. Consequently, customers can scan these codes to trace the product’s journey, thereby enhancing transparency and trust. Moreover, this innovative use of blockchain in supply chain management sets a new standard, thus promising safer and more efficient food distribution.

Roche’s: Innovation in Personalized Healthcare

<img src="top companies industry transformation.png" alt="">

Roche and Hypertrust Patient Data Care have successfully tested a new solution for personalized healthcare.

The collaboration between Roche and Hypertrust Patient Data Care marks a significant advance in using this technology for customized healthcare. Moreover, the Hypertrust X-Chain solution ensures secure and reliable patient data management.

The successful proof of concept for this system demonstrates its potential to improve medical data management efficiency and security.

This innovative approach could significantly expand adoption in healthcare. Consequently, it will transform patient data management and treatment delivery.

Klever: Pioneering Blockchain Solutions for Decentralized Applications

<img src="top companies industry transformation.png" alt="">

Klever is a blockchain company that provides a simplified solution, particularly for mobile phones and decentralized applications. It has developed its blockchain technology, KleverChain, a native layer 1 blockchain. As a result, this innovation allows the Klever ecosystem to offer more products and services on its native network. Moreover, KleverChain uses the Proof-of-Stake consensus mechanism to process up to 3,000 transactions per second. In addition, with smart contract platforms 2.0, KleverChain provides pre-built and ready-to-use apps and functionalities. Consequently, this feature simplifies the development of decentralized applications (Dapps) and allows quicker and more cost-effective setup.

KleverChain, an innovative blockchain solution, has attracted over 3 million users since its launch, proving its market appeal.
In conclusion, this technology is changing industries and transforming business models. Top companies are adopting it for greater clarity, security, and efficiency. Indeed, the future is here, and blockchain is pivotal.

Take advantage of KleverChain’s opportunities and be part of the changing wave of new technology.