Coinbase has recently published its report “The State of Crypto” for the second quarter of 2024, dedicated in particular to businesses that fall within the Fortune 500 list and to the blockchain.
The report, which is not by chance titled “The Fortune 500 Moving Onchain”, concludes that the Fortune 500 companies in the USA are adopting blockchain technology, even if the country is lagging behind, for example, in regulation.
Fortune 500 companies and the growing use of blockchain
Fortune 500 is the list of the 500 largest U.S. companies by revenue compiled and published every year by the famous magazine Fortune.
It should be emphasized that the ranking is compiled by revenue, and not by market capitalization, so in the first place there is Walmart, followed by Amazon, then by ExxonMobil with Apple only in fourth place.
At the end of 2023, when this ranking was compiled, the largest company in the world by market capitalization was Apple, because even though it was only fourth in revenue, it still ranked first in profits.
For example, Microsoft, which to date is first in market capitalization, at the end of 2023 in the USA was only thirteenth in revenue.
If in the first place there is Walmart, with almost 650 billion dollars in revenue in a single year, in the five hundredth place there is O-I Glass with 7 billion. Therefore, the revenue gap between the first and the last company of the Fortune 500 is almost one hundred times as much.
This is why sometimes a…
