Blockchain technology is a secure and transparent means to digitally track ownership of assets before, during, and after each transaction. It has every potential to eventually change the whole thing from how stock exchanges function to how proxies are voted. It is indisputably one of the many ingenious inventions of the century. And since then has developed into something phenomenal. Since the astronomical rise of the popularity of blockchain technology, investors are increasingly shifting to high gear wondering how they can profit from it. Although blockchain investing has limited options compared to traditional financial commodities, easy investment options are available.
Introduction to Blockchain Technology Explained
The monetary potential of blockchain technology could be very tremendous, and that is just one element of the plot. Undoubtedly, no company is presently accomplishing more with blockchain technology than IBM. Not long ago, Big Blue etched an arrangement with seven major European banking institutions to create a new trade financing platform wholly based on blockchain technology. The notion is that the lowered costs of the technology will usher in expanding access to financing for smaller businesses that lack the traditional access to credit.
Undeniably, the top technology investment trend of 2017 and 2018 is blockchain technology. This technology is typically managed by peer-to-peer network adhering to a protocol for validating new blocks. Blockchain technology is morally upright digital ledger for economic transactions that could programmatically record not only financial transactions but practically everything that’s worth it. Technically, it is a digital distributed ledger wherein transactions made in a cryptocurrency are recorded publicly and chronologically in a verifiable and permanent way.
Blockchain is much like the internet with built-in toughness. Controlling by any means or by any single individual the blocks of data stored across the system cannot be possible. And it absolutely has no specific point of breakdown. Data held on a blockchain platform exists like a shared and constantly reconciled database. Databases are not stored in one particular location, which means that the record within are actually public and thus easily verifiable. And most importantly, no centralized version of the data does ever exist for cybercriminals to corrupt.
Transparency and incorruptibility
Blockchain technology network currently exists in a consensus state, that is so unique in itself because it can automatically safety check with itself every ten minutes or so. It is a sort of a system that will self-audit ecosystem of every digital value resulting to the network reconciling each transaction that occurs in every ten-minute breaks. This results to two very important assets called “blocks,” namely;
» The embedding of transparency data in the system is public.
» It is incorruptible because it will use a massive amount of computing power to override the whole system just to change a unit of data in a blockchain.
Theoretically, it is possible, but in practice, it’s very unlikely to ever happen. For example, taking control to capture a cryptocurrency, such as Ethereum would surely destroy its value.
Many investors or investors-to-be don’t even know what a blockchain technology is, much less what makes it laudable of so much attention from the world’s biggest corporations and most respected investors. It’s very important for venture capitalists to understand every connotation of blockchain technology before making any investments. Investors should know how its tentacle stretches far away beyond the budding market of cryptocurrencies that could even upset key industries in the immediate future.
7+ Best Blockchain Technology Companies to Invest in 2017
The company was way ahead of its time in exploring digital currency ecosystems. BTCS is one of the first U.S. publicly traded companies in the blockchain technology system and digital cryptocurrency ecosystems segment and the first U.S. “Pure Play” public company focused on blockchain technologies.
The BTL Group is headquartered in Vancouver, Canada and was founded by Guy Halford- and Hugh Halford-Thompson on March 28, 2011. The company focuses on enabling enterprises on its proprietary private blockchain platform, known as Interbit. Interbit allows enterprises to build up their own applications, focusing on trading, audit, settlement, remittance, and back-office processes.
The Bitcoin Investment Trust (OTC: GBTC) is designed for well-refined investors seeking exposure to the price movement of bitcoin through a simple and traditional investment vehicle. It addresses the challenges of buying, storing, and safekeeping large quantities of bitcoins as an investment. Its shares are the first publicly-quoted securities exclusively invested in and deriving value from the price of the bitcoin.
GAHI is a holding company with businesses concentrated on financial services and software technologies. Global Arena Holding Inc. acquires patents, technologies, and companies with the competence to leverage the blockchain technology applications. The Company, through GES (Global Election Services, Inc.), provides technology-enabled election services primarily targeting organized labor associations. GAHI are likewise working out on applying blockchain to ATMs.
Being the first publicly-traded and blockchain-centered company, First Bitcoin Capital want to provide its shareholders with a varied exposure to digital currencies and blockchain technologies. Its shares are both traded OTC (Over-The-Counter) in the US Markets as [BITCF] and as [BIT] in crypto exchanges.
DigitalX Ltd. has developed a suite of software solutions using blockchain technology and its secure ledger system to create products for global organizations and consumers. Additionally, DigitalX Ltd. has developed a mobile product called AirPocket that assists consumers in securing cross-border payments from more than 30,000 payout locations in 14 countries, mainly in North and South America. DigitalX is listed on the ASE (Australian Securities Exchange) as DigitalX Ltd. (ASX: DCC).
This London-based company is a venture creator, investor, and accelerator that supports early-stage blockchain products and services since 2014. Coinsilium Group invests in and supports companies who are involved with blockchain technology and the digital currency economy, aiding new fintech applications. It is listed on the NEX Exchange, according to the Financial Services and Markets Act 2000. Coinsilium Group serves customers in the United Kingdom.
Blockchain technology is absolutely a game-changer for numerous operational processes across all businesses types. In general, it is very obvious and understandable that blockchain technology is not very appealing to tech companies for lack of understanding or maybe due to its infancy. As a result, very few took cognizance of it, except maybe for start-ups.
Some people only knew blockchain as the causal technology behind the always controversial digital currency Bitcoin. Yet, blockchain technology is so much, much more; it’s unbelievably innovative and its potential is extensive, to say the least. Much like the internet of today, there’s no need for you to know how this technology works to use it.
Therefore, I conclude and do believe that in this phase of development, blockchain investing in the above-mentioned companies can be potentially strategic to gain from imaginable blockchain popularity at some point. And while the risk of failure is high, rewards are immeasurable.