NetworkNewsWire Editorial Coverage: As blockchain becomes better established, companies across a wide range of industries are finding ways to benefit from the technology. Payment solutions company Global Payout, Inc. (GOHE) (GOHE Profile) is providing blockchain services for logistics, payment, and high-risk businesses through a set of subsidiaries. Nvidia Corporation (NVDA) is seeing a period of growth as demand for its processing hardware rises to support blockchain software. Shopping chain Walmart, Inc. (WMT) has taken out a patent for blockchain-based package tracking and is working with IBM on blockchain food supply chains. United Parcel Service, Inc. (UPS) has also taken an interest in using the technology to track deliveries, investing in the future through the Blockchain in Trucking Alliance, and even oil giant BP plc (BP) has a pilot program to explore how blockchain could improve energy supplies and trades.
The Growth of Blockchain
Blockchain started out as a technology for the financial sector. Its most famous use has been in cryptocurrencies such as bitcoin, whose entire model is built around blockchain. But there are many other financial uses of this distributed ledger system. It can facilitate fast currency exchanges, execute swift payment on smart contracts and improve…
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