very nice ..i'd like to see a few others *added*
Post# of 186
SAP, Accenture, Hitachi, Hive & Overstock to be Listed in Reality Share’s Blockchain Index
Five big names - SAP, Hitachi, Accenture, Hive and Overstock are set to be listed in the upcoming Reality Shares Nasdaq Blockchain Economy Index.
author by Anatol Antonovici , 16 November
On Monday, we reported that Reality Shares and Nasdaq announced the creation of the Reality Shares Nasdaq Blockchain Economy Index – an index to track companies which focus on blockchain technology. Now we have an update about the five holdings that are sure to make the index list. Interestingly, all of them have shown incredible performance this year, gaining at least 25% YTD.
Reality Shares is also planning an exchange-traded fund (ETF) based on the index. It filed for approval from the Securities and Exchange Commission (SEC) on November 2, 2017.
Reality Shares says there will be a wide range of blockchain-oriented companies listed in its index, but here are five of them:
SAP
With its full English equivalent name “Systems, Applications & Products in Data Processing,” SAP is a German-based multinational company which offers software solutions.
The total market cap of SAP is $138 billion. Since the beginning of 2017, SAP’s share price has added 26.38%.
We recently reported that over 27 entities had joined SAP’s initiative to integrate blockchain into more industries, including manufacturing, the Internet of Things (IoT), and digital supply-chain management.
Reality Shares Index description says:
“SAP sees blockchain as a promising way to simplify complex multi-party processes and create trust among participants. The company is using its expertise in 25 industries and across all lines of business to actively explore blockchain technology and to help clients capitalize on its potential.”
Accenture
Accenture is a leading global management consulting and professional services company, offering consulting, strategy, digital, technology & operations solutions.
The market capitalization of ACN is $111.8 billion as of today. Year-to-date, its stock price has increased by almost 25%.
We reported earlier that Accenture was working on Phase 2 of Project Ubin, a blockchain pilot led by the Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS). It involves eleven banks and financial institutions.
The index description says:
“Accenture is working closely with leaders from across a broad range of industries, governments, consortia, the academic community, and its key technology alliances to move blockchain technology forward so that, ultimately, it can help improve the way the world lives and works.”
Hitachi
Hitachi is a Tokyo-based multinational company providing consumer, business, and government solutions that are based on the most recent technologies. Currently, it focuses on Social Innovation Business.
The total market cap of HIT is $38 billion and the stock has shown impressive performance this year, gaining 33.5%.
The index description says:
“Hitachi is a founding member of the Hyperledger Project and consortium, and has partnered with Tech Bureau to use the NEM-based Mijin Blockchain platform for Hitachi’s point management solution “PointInfinity,” which serve 150 million members and users.”
Overstock
Overstock.com Inc is a US-based internet retailer. The company is headquartered in Midvale, Utah, near Salt Lake City.
The market capitalization of OSTK is $1.32 billion, and the company’s stock quotation has shown a YTD growth of 190%.
Overstock runs tZERO, which is the only SEC-compliant ICO token exchange. Earlier this year, Patrick Byrne, Overstock CEO, expressed confidence that tZERO ICO would raise $200 - $500 Million easily.
“Overstock operates the tZERO exchange, which has been at the forefront of the blockchain revolution for years, working closely with regulators since 2015 – launching the world’s first SEC-compliant ATS for blockchain assets, the first private blockchain bond offering, and the first ever public issuance of a blockchain security,” says the index description.
HIVE Blockchain Technologies
HIVE Blockchain Technologies is a Canadian blockchain-oriented company. From the five companies in this list, HIVE is the only one that is focused entirely on distributed ledger technology.
The company’s stock price surge would make most cryptocurrencies envious - Year-to-date, HIVE quotation has gained 3,204%.
At the beginning of October, Genesis Mining Ltd., a cryptocurrency cloud mining facility, acquired 30% of HIVE.
The index description says:
“HIVE Blockchain Technologies is building a bridge from the blockchain sector to traditional capital markets. The company has strategically partnered with Genesis Mining Ltd., the world’s leading cryptocurrency mining hashrate provider, to build the next generation of blockchain infrastructure.”
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More good news! Original link by hock1:
https://cryptovest.com/news/sap-accenture-hit...ain-index/
Go OSTK!!!