In this article, we will be taking a look at the 5 biggest blockchain companies in the world in 2023. To read our detailed analysis of the blockchain sector, you can go directly to see the 20 Biggest Blockchain Companies in the World in 2023.
5. Intel Corporation
Market Capitalization as of February 18: $114.4 billion
Intel Corporation works in designing and selling computing products across the globe and is based in California, United States. Since its incorporation in 1968, it has offered a number of platform products including its signature central processing units (CPUs), chipsets, and storage products.
It has entered the blockchain market as well and launched its Intel Blockscale ASIC in the third quarter of 2022 with the aim of providing energy-efficient hashing. Companies such as Hive Blockchain have recently started deploying machines based on Intel Corporation’s Blockscale chips. In 2022, it produced a revenue of $63 billion.
4. International Business Machines Corporation
Market Capitalization as of February 18: $121.1 billion
International Business Machines Corporation, commonly known as IBM, is an integration solutions company based in New York, United States. It offers its business in 4 segments including software, infrastructure, financing, and consulting, and is one of the oldest companies in this field, being incorporated in 1911.
It offers businesses the services to incorporate blockchain technologies in their processes and also owns its own blockchain platform and open-source framework, Hyperledger Fabric, which has over 120,000 organizations contributing to its project. It had a strong financial performance in the fourth quarter of 2022, exceeding revenue and earning growth expectations with a revenue of $16.7 billion. Overall, in 2022, it reported a revenue of $60.5 billion.
3. Mastercard Incorporated
Market Capitalization as of February 18: $344.4 billion
Mastercard Incorporated is a financial technology company providing transaction processing and related services globally and is based in New York, United States. It has capitalized on the growing trend of cashless economies and an increasing number of digital transactions.
It launched the first crypto-backed payment card in partnership with Nexo and has formed partnerships with a number of blockchain technology companies in a Crypto Card partner program to create crypto-funded Mastercard payment cards. It recently launched a prepaid crypto-card in Brazil in a partnership with Binance that will offer users up to 8% cashback on cryptocurrencies such as Bitcoin. It generated a revenue of $22.2 billion in 2022.
2. JPMorgan Chase & Co.
Market Capitalization as of February 18: $418.6 billion
JPMorgan Chase & Co. is another giant in the global financial services sector, founded in 1799 and based in New York, United States. It operates in the segments of consumer and community banking, commercial banking, investment banking, and asset and wealth management.
In 2020, JPMorgan Chase & Co. launched its business unit, Onyx, to develop products, platforms, and innovations based on blockchain technologies. Onyx launched the first bank-led blockchain platform that counts hundreds of international banks as its members and has recently launched its own deposit token. It also formed its own Blockchain Launch team to deliver blockchain-based solutions to its clients. In 2022, JPMorgan Chase & Co. reported $46.2 billion in pre-tax earnings, which is the second-highest for any bank in the past 10 years.
1. Visa Inc.
Market Capitalization as of February 18: $468.6 billion
Visa Inc. is another payment technology company that provides transaction processing and related services globally. It was founded in 1958 and is based in California, United States. It has also capitalized on the cashless economy, with its business model generating operating margins greater than 60% and converting more than half of all revenue into free cash flow.
The company is using stablecoins to test large-value settlement payments and has been working on integrating digital currencies into its platform. For example, it is leveraging Ethereum for enhancing its SWIFT settlement system and enabling automatic payments from self-custodial wallets which would remove banks and other centralized entities from the process. In 2022, it generated a revenue of $29.3 billion.
See also 10 Best Cryptocurrency Stocks To Invest In and 12 Best Cryptocurrency Exchanges in the US.
