The wind of change is blowing strongly. Starting from the Bitcoin craze at the end of 2017, Bitcoin futures contract trading reached a climax. The panic subsided a bit and buzzwords like blockchain, cryptocurrency and Bitcoin slowly faded from the headlines. But now the next phase for Bitcoin is the legalization of the asset class and the promotion of blockchain technology. Behind the market’s recent headlines about the trade war with the United States, a turf war has begun in the blockchain world. This is not a company changing its name to attract new investors, but some mature industries using this technology to cut costs and improve profit margins. Large companies like Walmart, UnitedHealth, and BMW have been adapting blockchain technology to meet their needs. It’s not just concepts, the practical applications of blockchain are already creating huge changes in industries around the world. The revolution has just begun, and when researching the cryptocurrency ecosystem, you'll find that there are many ways to invest in blockchain.
?1) "Picks and Axes" and Miners
During the Gold Rush, the really wealthy people were the ones who sold picks and axes. That is, these companies provide speculators with the tools to go out and find fortune. In the cryptocurrency world, this refers to companies that produce chips and hardware used in mining operations. Includes many semiconductor companies.
And the miners themselves. Miners confirm transactions between nodes by solving cryptographic problems and are then rewarded in cryptocurrencies. We’ve already seen publicly traded companies “mine” cryptocurrencies. These companies mine the tokens and then immediately sell them on the open market and pass the proceeds on to shareholders. Think of them like the pipeline companies of the energy industry. These companies are currently small but may become larger over time.
2) Cloud infrastructure
No industry relies as much on cloud technology for development as blockchain. The need to distribute the ledger globally without centralized ownership or regulatory trading authority takes full advantage of the cloud. However, the cloud still faces risks here, as blockchain technology can distribute storage globally, countering the centralized nature of traditional cloud services. Still, the industry can adapt technology to benefit.
3) Payment processing and lending
One of the most disruptive industries of blockchain is payment processing. Unlike traditional financial intermediaries, blockchain technology supports a distributed, open, public ledger in which transactions are confirmed by other nodes in the chain and charge higher fees than those from Typical costs for traditional processors are much lower.
Blockchain technology is also ideal for lending, allowing it to spread risk across thousands of loans in an instant, regardless of the size of the lender. We are just the tip of the iceberg on this stage.
4) Investment firms, business development companies and consulting firms
There will be a wave of companies looking for ways to integrate blockchain technology into their existing businesses. Large consulting firms have begun offering services to help companies integrate new technologies. Gartner even developed a website specifically for this purpose.
Some public companies are acting as incubators for other emerging cryptocurrencies. There are currently over 1,600 cryptocurrencies in the world. These investors and business development firms invest in promising cryptocurrency technology companies before the technology becomes mainstream.
5) Futures and ETFs (Exchange Traded Funds)
The legalization of Bitcoin continues as futures contracts on two major U.S. exchanges begin trading. Soon, Bitcoin and Ethereum ETFs will also be officially regulated. Meanwhile, investors have been using GBTC as a proxy. As mentioned earlier, Goldman Sachs will soon open its trading desk, further proving the legitimacy of cryptocurrencies as an asset class.
Conclusion
There is no doubt that blockchain will have a huge impact on almost every industry you can think of. In fact, experts predict that the sector’s value will surge 8,500% to $60 billion by 2024.
Just like in the early days of the Internet, some companies will reap huge benefits. Others are just ephemeral. We cut through the gimmicks and hype to shine a light on the powerful, often little-known companies driving blockchain technology.
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