Blockchain technology has proliferated in a number of industries outside of the cryptocurrency space in the decade since Bitcoin’s (BTC) inception. The underlying technology of the preeminent cryptocurrency went under the radar in the early years of cryptocurrency adoption before projects such as Ethereum began to explore the range of possibilities of blockchain networks.
While many startups looked to harness blockchain technology to power new cryptocurrencies, a number of mainstream technology firms began building their own enterprise blockchain systems that could be rolled out. IBM (NYSE:IBM) and Microsoft (NASDAQ:MSFT) are giants in the information technology space and have led the development of many digital tools that are used around the world. Both firms have gone on to develop their own blockchain platforms that are built to scale in order to service everything from small businesses to global corporations.