*Please note: this article does NOT include information regarding cryptocurrency investing
The ‘Blockchain Revolution’ has seen its ups & downs for investors over the past few years. That being said, the global blockchain market size reached UA$1.2 billion in 2018. According to research carried out by Markets and Markets, that number could reach US$23.3 billion by 2023.
Blockchain has been hailed as the third wave of the internet with near limitless applications. Its first known use – cryptocurrency – is highly popular among investors and news continues to swirl about both. First, let’s explain exactly what the ‘Blockchain’ really is.
Blockchain technology can exist without cryptocurrencies, which makes it appealing to companies seeking to commercialize such operations. Over the past few years, a growing number of publicly traded companies have begun showing an interest in the technology.
With the company stocks being publicly traded, investors are showing an increasing interest them. Especially those who feel cryptocurrencies will not succeed in the end, often claim blockchain is the next big thing. In terms of overall investing, blockchain stocks carry the same risk as dealing with any other technology company. The concept and product may work out, or never mature enough to reach a commercial state.
Of the companies involved in blockchain there are quite a few which are publicly traded. Most of them were listed well before their blockchain-oriented venture as well. Graph Blockchain Inc. (C.GBLC), HIVE Blockchain Technologies Ltd. (V.HIVE), and BLOXLabs Inc. (CSE: BLOX) are just some of the potential examples in this regard. The number of different offerings is vastly greater and may continue to expand for some time to come.
61 percent of high-profile digital companies worldwide are investing in blockchain, according to a report by identity management firm Okta.
Blockchain stocks have the potential to turn into solid investments, especially when you place your money on companies developing genuine technology that can be adapted to multiple industries.
In fact, blockchain stocks are an interesting way of ‘investing in cryptocurrencies’ without getting into mining and trading. Bear in mind, stock investments are generally less volatile than cryptocurrencies, especially when considering blockchain applications that can integrate into today’s economy.
For more info on the blockchain sector, check out the Blockchain Trending News hub on Stockhouse.