Posted 1 year ago | by Ben Armstrong

United Nations Makes Appearance on Blockchain 50 List

Major finance publication Forbes has released the Blockchain 50 list, with some new entrants, such as international association the United Nations.

The Forbes’ Blockchain 50 list was first introduced in April 2019, and the second release of its annual Blockchain 50 was published last week. The list includes industry giants like Amazon, Microsoft, JPMorgan, Google, as well as cryptocurrency-focused firms like Bitfury, Coinbase, and Ripple.

Half of the firms on the list are newcomers, like the UN. The world’s second-largest bank China Construction Bank, also made it on the list. Russia’s National Settlement Depository, and a mobile payment company, Square, founded by Twitter CEO Jack Dorsey, were also included on the list.

United Nations Should Support Cryptos

According to Cointelegraph reported last year, the UN declared that it must embrace blockchain technology.

UN secretary-general António Guterres commented:

“For the United Nations to deliver better on our mandate in the digital age, we need to embrace technologies like blockchain that can help accelerate the achievement of Sustainable Development Goals.”

Members of the list this year have moved from a focus on blockchain theory to generating “very real revenues and cost savings.”

Forbes also noted an example that the major global food and beverage company Nestlé implemented Amazon’s blockchain product, Amazon Web Services, to launch a new coffee brand known as Chain of Origin.

Blockchain is Just a Part of the Change

The first Forbes’ Blockchain 50 list in April 2019 was covered by Forbes staff writer Michael del Castillo, who mentioned that blockchain has helped big global firms in processing complex tasks in a much easier way.

via del Castillo:

"Blockchain started as a way to move bitcoin from point A to point B but it is now being used by a host of big companies to monitor and move any number of assets around the world as easily as sending an email.”

Unfortunately, the mainstream media still doesn't see how cryptos fit into the larger picture of social breakdown that is happening right now. People need a way to trade, and also circumvent governments that are working to harm the population at large.

Cryptocurrency gave birth to blockchain, and it won't be the last major technology that decentralized money creates.

For now, major companies and organizations are playing with a technology that they clearly don't understand, and ignoring the shifts that are happening in the greater social consciousness. As people learn how badly the power structure has treated them, the true formative potential of cryptos will start to be understood.