Blockchain is a type of distributed ledger technology that keeps secure records that are accessible to everyone. Though a difficult term to wrap your head around, knowledge of what blockchain technology is and how it may very well shape the world we live in is important. You need to know what it is if you’re to capitalize on blockchain investments.
9 Ways to Reach Growth Potential Through Blockchain Investments
NVIDIA (NASDAQ: NVDA) manufactures graphics processing units (GPU). GPUs are important in video games, artificial intelligence (AI), autonomous automobiles, and most importantly, the mining of cryptocurrency.
Most experts agree that when cryptocurrency prices rise, NVIDIA stock will rise with it. This makes it a strong stock option to consider over the next few years.
As we move more and more towards a cashless society, Mastercard (NYSE: MA) continues to grow as a result of increases in debit and credit card transactions worldwide. In 2019, Mastercard announced that they had partnered with blockchain company R3. Their partnership consists of the development of a new-cross border payment system.
Blockchain technology can potentially bridge the gap between slow and expensive cross-border currency transfers. And when it does, Mastercard and R3 will have a major competitive edge over competitors.
DigitalX (ASX:DCC) provides services such as AirPocket and Coincast Media. AirPocket is a service that allows for a secure transfer of funds, and Coincast Media is a blockchain media outlet targeted to viewers aged 18 – 34. They’ve also launched a bitcoin fund, making them a company worth watching.
5. HIVE Blockchain
HIVE (TSXV:HIVE) connects blockchain and cryptocurrencies to capital markets. HIVE is involved in Genesis Mining and cryptocurrency mining with Bitcoin and Ethereum in their portfolio.
With high growth potential, and having amassed a net income of $3.4 million and digital currency mining of $5 million in their latest quarterly results release, HIVE could be a company to look at.
Similar to BLCN, KOIN is another high-cap ETF with holdings that include Microsoft, Intel, and Salesforce. The expense ratio for this ETF is a bit higher than BLCN at 0.95%.