Main navigation

Bank of America Report Shows Huge Benefits of Adopting Blockchain For Major US Companies

Tue, 2/10/2018 - 18:15
Bank of America Report Shows Huge Benefits of Adopting Blockchain For Major US Companies
Cover image via U.Today
Read U.TODAY on
Google News

Kash Rangan, Bank of America research analyst, told CNBC that there is plethora of opportunities for US IT behemoths if they choose to adopt the disruptive Blockchain technology, which could be a $7 bln market. According to Rangan, Amazon could boost the demand for its cloud service while also increasing the efficiency of supply chain tracking. Walmart has recently adopted Blockchain in order to prevent E.coli, thus becoming the first major US retailer that came up with a near-term use case for Blockchain.

Rangan also states that Zillow and other companies could also benefit from the nascent technology. Recently, Zillow CEO has compared Blockchain to the Internet.

It is also worth mentioning that Bank of America is among the leading companies by the number of Blockchain-oriented patents.



Latest Press Releases

Cardano Praised by Dan Gambardello As Strong Chain While Avalanche Hit By Outage
Shiba Budz (BUDZ) Novel Meme Coin Pre-Sale Gaining Steam in Late February as Majors Dogecoin (DOGE), Shiba Inu (SHIB) Remain in Tops
Ripple Cofounder Celebrates Major Stellar Success, Polkadot Secures Spot on Coinbase Futures, Shiba Inu Burn Rate Surges 8,511%: Crypto News Digest by U.Today
Ethereum Dencun Upgrade Date Confirmed by Devs
Millions of XRP Shifted by Whales as Price Hits Key Support
Binance Web3 Wallet Announces Massive Crypto Giveaway to Celebrate ERC-404 Integration
Legendary Trader John Bollinger Issues Bullish Wake-Up Call as Bitcoin Price Turns Red
Spot Bitcoin ETFs Break Record With $50 Billion Trading Volume
Ethereum (ETH) Price Prediction for February 23
Solana (SOL) Price Prediction for February 23
BlockDAG Network (BDAG) Pre-Sale Might be Gaining Steam in February since Retik Finance (RETIK), and eTuk Tuk (ETUKTUK) Communities Show Interest
Shiba Inu Developer Excites SHIB Community With Tweet, What It Pertains To
SHIB Army Receives Crucial Warning From Shiba Inu Team
XRP Makes Crucial Price Move, But Massive Roadblock Is Ahead
Cardano Founder Hails Elon Musk's X for Crushing ECB's Bitcoin Diss
First ERC404 Token Pandora Shows Explosive Performance as Whales Turn to Buying
Avalanche Faces Downtime, AVAX Price in Red
Uniswap to Boost User Experience With UNI.ETH Domain Names
Cardano (ADA) Faces Possible Downturn, Top Analyst Warns
$4 Billion Worth of Ethereum (ETH) Purchased at This Price Level
Our social media
There's a lot to see there, too

Popular articles