The cryptocurrency industry has grown so much that now just about anyone can have a basic understanding of Bitcoin or blockchain. Therefore, as the years go by, more and more institutions and companies take an interest in the sector, and develop solutions based on blockchain technology. Proof of this is that Forbes is accepting nominations for its annual “Blockchain 50” list to recognize the work of companies in this sector around the world.
“Blockchain 50”: What requirements does Forbes ask for the nomination?
Considering that this landscape is evolving faster than many would think, Forbes will receive many nominations for this list. However, there are some requirements to be considered.
The only requirements are that the company must be a billion dollar company and be doing significant work on any blockchain application. This includes finding new ways to streamline business processes, eliminate inefficiencies, reduce fraud, or simply make an outdated investment in a new form of money.
Previous members of the list include Facebook, which joined the Blockchain 50 list in its inaugural year. This was before his plans to launch Libra, Facebook’s cryptocurrency, went public.
Likewise, Square also appeared on this list, but long before they made their historic investment in Bitcoin. Back then, the payments company co-founded by Jack Dorsey invested in Lightning. The latter is a payment network designed to make it faster and cheaper to use Bitcoin to buy things.
Even other Blockchain 50 companies include energy giant Royal Dutch Shell and the world’s second largest bank, China Construction Bank.
What is the deadline for applications and nominations?
In order for candidates to be nominated, they must fill out a form for the “Forbes Blockchain 50” 2021 list, in as much detail as possible. The deadline is Friday, November 6. This means there are three weeks left and the competition is already increasing.
After the nomination period ends, a team of Forbes staff reporters with specialties in a wide variety of industries will select the nominees. The idea is to have the most mature blockchain programs run by the most talented teams in the world. The winners are expected to be revealed in 2021, both in the magazine and online.