Blockchain in Business: What Do Companies’ 10-K Reports Say About DLT?
Guest Authors's original article for cointelegraph.com reduced by 42%
How seriously are American corporations committed to blockchain technologies? Are blockchain technologies materially significant yet? One place to find the answers to these questions is Form 10-K, a report the United States Securities and Exchange Commission requires corporations to file annually. Traditional companiesSome companies that mentioned blockchains or distributed ledgers expressed positive statements about their blockchain services, investments, patents and products while other corporations identified blockchains/distributed ledgers as a risk that could adversely affect their financial and operational performance. Nasdaq identified blockchain as a high-growth opportunity and mentioned investments in blockchain technologies.
Its business is defined as "An online retailer and advancer of blockchain technology." It launched Medici Ventures to offer "Government as service," which is based on blockchain technology. Blockchain startupsIn contrast to the vast majority of corporations not writing about blockchain technology, a few of the 10-K reports surveyed are from blockchain startups, and thus frequently mentioned blockchain. The five startups that most frequently mentioned blockchain were BTCS, Long Blockchain Corp., UBI Blockchain Internet, Blockchain Industries and Riot Blockchain Inc.
Note that in Table 1, only substantive uses of the term blockchain were counted, not when it was mentioned as part of the company's name. Among the traditional companies that did mention blockchain/distributed ledgers, most made a few positive or a few negative statements about blockchain technologies.
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