Without further ado, these four companies are: Polygon, Circle, Mercado Libre, and Chainalysis.
Achievements in artificial intelligence have earned more than a dozen companies seats, up from five a year ago.
Specific list: https://time.com/collection/time100-companies-2023/?utm_source=roundup&utm_campaign=20230202
Polygon’s reason for selection: “Pushing blockchain into the mainstream.”
Polygon enables companies like Starbucks (Odyssey Rewards Program), Nike, and Meta to build more secure applications using distributed record-keeping mechanisms.
Chainalysis was selected for its contributions to combating and preventing cryptocurrency crime financing and money laundering.
In April, the militant group Hamas announced that it would stop raising funds through Bitcoin because of Chainalysis’s efforts. The reason was Chainalysis’ ability to track donors (Chainaanalysis’ data analysis helped Israel seize dozens of accounts). Chainalysis was founded in 2014 and has become the go-to detective company for tracking crypto crimes. Sam Bankman-Fried’s bankruptcy is also inseparable from Chainalysis’ investigation.
Circle was selected for: Pioneering a redemptive use for cryptocurrency: humanitarian aid.
In December, Circle worked with the United Nations High Commissioner for Refugees to distribute USDC to Ukrainian refugees through a secure digital wallet. USDC is pegged to the US dollar and refugees can exchange it for local fiat currency. The total amount is $30 billion.
Fintech company Mercado Libre: boosting economic development in Latin America.
Argentinian e-commerce giant Mercado Libre has achieved record revenue of $10 billion and operating profit of more than $1 billion in 2022, up 134% from the previous year. Its fintech products are its fastest growing segment, allowing users to send payments, apply for loans, withdraw cash, and more.
Additionally, US banking giant JP Morgan Chase was included in the “Titans” section in recognition of its role in alleviating the global banking recession.
