$RIOT - NEWS ... Blockchain Evolution Transformin
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Blockchain Evolution Transforming Growing Number of Industries Putting it on a Trajectory of its OwnFont
PALM BEACH, Florida, January 22, 2018 /PRNewswire/ --
MarketNewsUpdates.com News Commentary
A growing number of companies in the blockchain arena have increasingly become focused on ways to harness the technology for a long and growing list of other purposes in private industry. These begin with financial services, e-commerce, energy, as well digital media, pharmaceuticals, cybersecurity and transportation and even mobile gaming. According to a report published by Research and Markets , the blockchain market is expected to grow from USD $411.5 Million in 2017 to USD $7,683.7 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 79.6%. The demand for distributed ledger technology, reduced total cost of ownership, rising cryptocurrencies market cap and initial coin offerings, increasing demand for simplified business processes, transparency and immutability, faster transactions, and Blockchain-as-a-Service are said to fuel the growth of this market. Active Companies in the markets this week include: Tapinator, Inc. (OTC: TAPM), Eastman Kodak Company (NYSE: KODK), Marathon Patent Group, Inc. (NASDAQ: MARA), Riot Blockchain, Inc. (NASDAQ: RIOT), India Globalization Capital, Inc. (NYSE:IGC).
Riot Blockchain, Inc. (NASDAQ: RIOT) late last week announced that it has submitted the required registration items to attempt to participate in the U.S. Marshals Service sealed bid auction of bitcoins. The required registration items included the bidder registration form and a $200,000 deposit. The blockchain is a decentralized and encrypted ledger that offers a secure, efficient, verifiable and permanent way of storing records and other information without the need for intermediaries. These protocols are the backbone of numerous digital currencies, including Bitcoin, Ethereum and Litecoin. Blockchain protocols have a wide range of use, including processing transactions, accounting, verification and proof of ownership across a far-reaching spectrum of applications.