Many top financial institutions, banks, and transportation companies have rapidly begun adopting blockchain technology faster than anticipated and it has become impossible to ignore its rise.
Back in 2016, IBM (NYSE:IBM) issued a report estimating that 15 percent of all banks around the world will be using blockchain technology in 2017. By the year 2020, they suggested that around 66 percent of banks will have a commercial blockchain project implemented. On a larger and broader scale, Market and Markets recently released a report that indicated the entire blockchain technology market size to be valued around 2.3 billion by the year 2021.
This indicates that the market would increase at a compound annual growth rate (CAGR) of 61.5 percent, thus indicating plenty of investment opportunities within the blockchain market as it is rapidly expanding.
However, the Global Blockchain Technology Market research report was a bit more conservative, projecting the CAGR growth rate at around 55.59 percent by 2021.
The financial institutions and banks aren’t the only ones adopting the technology. Many government institutions are exploring how blockchain technology can be implemented in securing their election processes. Also, the major credit card company Capital One has partnered with Gem on a blockchain technology project to improve healthcare claims.
To summarize, this is just the beginning of the adoption of this technology mainstream which presents for plentiful amounts of investment opportunities to be had within the blockchain industry.
All numbers listed below are current as of December 15, 2017.
BTCS (OTC:BTCS)
Market Cap: 30.65 Million; Current Share Price: $.12
Next on our stock list is BTCS, the first blockchain-focused company adopted within the United States and are way ahead of its competitors exploring the digital currency ecosystems. BTCS self-describes itself as an “early mover” in the blockchain sector.
Charles Allen, BTCS’s CEO, was recently interviewed by Bloomberg and explained his company’s main goal to “gather a currency that can be spent on goods and services” aiming to use Bitcoin to buy certain products such as electronics.
Back in August of this year, the company announced the signing of a non-binding letter to merge with Blockchain Global. BTCS secured $1 million in financing they announced back in mid-October with $250,000 of that being Bitcoin. At the end of October, the company released a statement that they had closed the remaining finance balance in moving forward with the planned merger with Blockchain Global.
Back in 2016, IBM (NYSE:IBM) issued a report estimating that 15 percent of all banks around the world will be using blockchain technology in 2017. By the year 2020, they suggested that around 66 percent of banks will have a commercial blockchain project implemented. On a larger and broader scale, Market and Markets recently released a report that indicated the entire blockchain technology market size to be valued around 2.3 billion by the year 2021.
This indicates that the market would increase at a compound annual growth rate (CAGR) of 61.5 percent, thus indicating plenty of investment opportunities within the blockchain market as it is rapidly expanding.
However, the Global Blockchain Technology Market research report was a bit more conservative, projecting the CAGR growth rate at around 55.59 percent by 2021.
The financial institutions and banks aren’t the only ones adopting the technology. Many government institutions are exploring how blockchain technology can be implemented in securing their election processes. Also, the major credit card company Capital One has partnered with Gem on a blockchain technology project to improve healthcare claims.
To summarize, this is just the beginning of the adoption of this technology mainstream which presents for plentiful amounts of investment opportunities to be had within the blockchain industry.
All numbers listed below are current as of December 15, 2017.
BTCS (OTC:BTCS)
Market Cap: 30.65 Million; Current Share Price: $.12
Next on our stock list is BTCS, the first blockchain-focused company adopted within the United States and are way ahead of its competitors exploring the digital currency ecosystems. BTCS self-describes itself as an “early mover” in the blockchain sector.
Charles Allen, BTCS’s CEO, was recently interviewed by Bloomberg and explained his company’s main goal to “gather a currency that can be spent on goods and services” aiming to use Bitcoin to buy certain products such as electronics.
Back in August of this year, the company announced the signing of a non-binding letter to merge with Blockchain Global. BTCS secured $1 million in financing they announced back in mid-October with $250,000 of that being Bitcoin. At the end of October, the company released a statement that they had closed the remaining finance balance in moving forward with the planned merger with Blockchain Global.
