Tracr named one of Forbes Blockchain 50 companies

Forbes recently published their annual Blockchain 50 compiling the top 50 companies and organisations that are doing the most to adopt decentralised ledger technology for their needs, speed up business processes, increase transparency and potentially save billions of dollars.

To qualify, Blockchain 50 members must be generating no less than $1 billion in revenue annually or be valued at $1 billion or more, and has adopted blockchain technology and/or cryptocurrencies to bolster or improve their current operations. Tracr is featured in the Provenance use case as one of the traceability platforms, alongside IBM Food Trust (Dole, Nestlé, and Walmart).

Excerpt from Forbes Blockchain 50:

De Beers
London, England

The end of blood diamonds? De Beers’ new software, Tracr, follows diamonds, which have undergone 3-D scans, as the gems are mined, cut, polished and sold. Already more than 30 participants, including Signet Jewelers—owner of Kay, Zales and Jared—have signed on. Tens of thousands of stones are being registered per month.

Blockchain: Ethereum
Key Executive: Jim Duffy, CEO of Tracr