Blockchain's Influence Spreads Beyond Finance

Blockchain technology has been keenly taken up by the financial services sector, but any sector that involves transactions could benefit

Jim Sinegal 6 June, 2018 | 8:15AM

Bitcoin and Blockchain

Several industries are dominating early experimentation with blockchain technology and it’s no surprise that the financial services sector has taken an interest. Bank of America (BAC) and Mastercard (MA) have filed for dozens of patents between them, and technology companies like IBM (IBM), Apple (AAPL), Intel (INTC), and Accenture (CAN) have accumulated patent filings in the double digits.

Applications are not limited to these two sectors, however. General Electric (GE), Walmart (WMT), and others have joined the rush to create proprietary blockchain applications.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Accenture PLC Class A228.57 USD-0.77
Apple Inc437.50 USD-2.97
General Electric Co6.73 USD0.90
Intel Corp48.19 USD-2.09
Walmart Inc130.20 USD-1.27

About Author

Jim Sinegal  Jim Sinegal is the associate director of the financial team at Morningstar.

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