Blockchain and decentralized ledger technologies have more and more applications every day. Businesses across all sectors are investigating the new opportunities and potential solutions this innovation offers. The list of "what companies use Ethereum?" is provided below.
What companies use Ethereum?
Ubisoft
"Ubisoft" is a name that everyone who even has a passing interest in video games is well familiar with. These French video game developers and publishers are responsible for such classics as Assassin's Creed, Far Cry, and Watch Dogs.
This titan of the video game industry appears to have been very interested in Ethereum during the past few months. As part of its Entrepreneur Labs effort, the business has backed up to eight blockchain startups. Moreover, they have joined hands with the famous blockchain games studio, Planetarium, to develop their new RPG game, Nine Chronicles.
And, if that is not enough to convince you, Ubisoft recently launched their own project, Rabbids Tokens, on the Ethereum blockchain. It is a series of NFTs built with the ERC-721 token standard. Each NFT is an avatar of a scary rabbit with distinctive characters. The idea is based on Ubisoft's Raving Rabbids franchise.
The Rabbids Tokens initiative included a charitable component in addition to being a blockchain technology experiment. UNICEF, the children's organisation of the UN, received 100% of the funds raised.
The collection is all sold out by now. However, we can expect more Ubisoft blockchain-based projects in the future. “Rabbids Tokens were the first step,” says Nicolas Pouards, Ubisoft’s blockchain initiative director. “Other projects will hopefully follow,” he adds, and they “would like to continue to explore its potential as well its growing ecosystem.”
ING
Since many years ago, the Dutch multinational bank business ING has been participating in numerous blockchain-based projects. There were few options available when the bank began exploring decentralised ledger technologies, and Ethereum was the only reputable platform. The blockchain has developed greatly over time and has undergone more beta testing than any other product in the market.
Ethereum has expanded into a huge and varied ecosystem as a result of numerous technical developments, including the inclusion of smart contracts, the introduction of various token standards, the switch to the Proof of Stake model, and the opening up of layer two protocols. When asked about the reason for sticking with this seven-year-old database, Cees van Wijk – IT chapter lead in the ING DLT team – replied, “There's a large developer base. It's battle-tested, and there's a huge ecosystem around it. "
Reportedly, ING is part of three major Ethereum-based initiatives: Komgo, Fnality, and Bamboo. Fifteen of the biggest corporations in the world, including ABN AMRO, BNP Paribas, Citi, Shell, ING, and others, came together to develop Komgo . By using open-source blockchain tools, Komgo will assist these businesses in digitising their trading and commodity finance operations.
An Ethereum-based payment system from Fnality is appropriate for integrating with other company platforms. For transactions based on the blockchain, Bamboo also provides bilateral letters of credit.
ixo Foundation
The nonprofit ixo Foundation is dedicated to using blockchain technology's transparency and traceability for sustainable economic growth and human-scale development.
One of the many unique characteristics of open-source, decentralized blockchains, like Ethereum, is that each transaction taking place on the ledger is visible to all users. An object within the network can be located rapidly and affordably in this way. Additionally, every information stored on a blockchain is immutable and hence completely trustworthy.
The ixo Foundation's CEO, Anne Connelly, and her team are developing a blockchain system that will enable individuals to track and verify their welfare activities. You can record the hours worked if a person performs community service, charitable work, or other duties that benefit society . Decentralized ledger technology can then be used to confirm the recorded data in order to meet the requirements for various awards or subsidies.
You might also find it interesting that the ixo Foundation and UNICEF worked together to create the blockchain-based programme Amply. This app is designed to efficiently and quickly take attendance of the students attending UN-subsidized preschools. Otherwise, teachers had to note it manually and then physically submit the records, a procedure that was time-consuming and prone to error.
“I think it's going to be massively pervasive in a year or two,” Connelly said when asked about his opinions on the Ethereum blockchain. “Typically, they say with this level of innovation, it takes a lot longer to happen than we expect, but when it does, it's much more impactful.”
Hopefully, this article will help you to know "what companies use Ethereum?.
