Published: 17 Jul 2017 › Updated: 17 Jul 2017
Blockchain and Crypto disrupt most profitable industries
Perhaps with the exception of rainmaker Apple, many of the largest profit makers are likely to suffer from the disruptive forces of blockchain and crypto. In this graph from Forbes with the world's 100 largest companies by market value, it is in fact the industry with largest profit dots, the green Finance and Insurance ones, which are probably most at risk from blockchain and crypto tech.
- Democratising investing (e.g. ICOs and Asset blockchainisation) will impact investment companies like Berkshire Hathaway ($24 billion).
- Banks are of course at high risk: JPMorgan Chase ($24 billion), Wells Fargo ($22 billion), ICBC, Agricultural Bank of China and China Construction Bank.
- So are insurers like AXA, Ping An, Allianz and Legal & General
- Attention tokens and decentralised messaging may upset Alphabet ($19 billion) and Facebook ($27.6 billion)
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