Blockchain is on the rise with banks and financial institutions adopting the technology faster than anticipated. The word ‘disrupt’ abounds in all reports, an indication of the revolutionary intent of the technology.
According to Market and Markets, the blockchain technology market size will be worth 2.3 billion by 2021 at a Compound Annual Growth Rate of 61.5 percent — investors stand to benefit from this growing market.
The banking and finance industries are not the only ones adopting blockchain technology. For one, blockchain technology has also been used in securing elections. More major companies are also making commitments–Capital One has confirmed a blockchain project, partnering with Gem on healthcare claims.
Here is a look at 7 publicly-listed blockchain technology stocks:
- BTCS (OTCQB:BTCS)
- Global Arena Holding (OTC:GAHC)
- HashingSpace (OTC:HSHS)
- DigitalX Limited (ASX:DCC)
- BTL Group (TSXV:BTL)
- Coinsilium Group (ISDX:COIN)
- First Bitcoin Capital (OTCMARKETS:BITCF)
BTCS (OTCQB:BTCS) is the first blockchain-focused public company in the US, and was ahead of its time in exploring digital currency ecosystems. CEO Charles Allen was interviewed by Bloomberg explaining the company’s mission to “gather a currency that can be spent on goods and services”, using bitcoin to buy products like televisions.
Global Arena Holding (OTC:GAHC) acquires companies and patents that use the blockchain crypto technology. They invested in Blockchain Technologies Corporation, a startup accelerator who have developed a patent pending voting technology. They are also working on applying blockchain technology to ATMs. Smart contracts can be used in wills, eliminating the need for estate executors, triggering a chain of events starting with verifying the death and subsequent asset distribution. CEO John Matthews claims “the Blockchain will evolve to be as crucial as the Internet itself and many time more valuable.”
Although HashingSpace (OTCMKTS:HSHS) is undergoing restructuring, the new management stated that it is going to focus on providing the tools needed to develop future blockchain technologies.
DigitalX Limited (ASX:DCC) develops fintech products and services using blockchain technology and a secure ledger system for the global digital payments industry, specifically in mobile bill payments and remittance. Its mobile product AirPocket provides consumers secure cross-border payments and remittances from anywhere in any currency.
BTL Group (TSXV:BTL) is a Vancouver-based company that offers blockchain solutions across multiple industries–from banks to fantasy sports. BTL has a money transfer platform using distributed-ledger-technology and smart contracts called Interbit.
Coinsilium Group (ISDX:COIN) is a London-based blockchain technology investor that develops and invests in blockchain technologies, aiding new fintech applications. The company is the world’s first IPO of a blockchain technology company
First Bitcoin Capital (OTCMARKETS:BITCF) bills itself as the first vertically integrated consolidator in the Bitcoin and crypto-currency arena. The company is focused on the acquisition of Bitcoin startups and funding companies developing Bitcoin software and hardware.
Although Bitcoin is blockchain’s favourite child, blockchain is no longer living vicariously through its more famous offspring. Though most understood as the backbone of Bitcoin, blockchain is now standing tall in different spheres of applications.
This is an updated version of an article originally published on the Investing News Network on October 25, 2016.
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Securities Disclosure: I, Pia Rivera, hold no direct investment interest in any company mentioned in this article.