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But the fact is that the blockchain is building some serious credibility within the world's biggest banks and financial services firms - they helped fuel more than $1 billion in investments between 2014 and 2016. That visibility has given both established and emerging companies the confidence to experiment. In mid-October, for example, Walmart announced a collaboration with IBM and Tsinghua University in Beijing focused on using the blockchain as a mechanism for authenticating food sources and keeping tabs on all sorts of related data - including the originating farm, batch numbers, processing plant information, expiration dates and storage temperatures.