In recent years, Blockchain and other new technologies have emerged that can significantly change the future of money, finances and more. Blockchain technology is not only compatible with cryptocurrency functions such as Bitcoin, Ether and Ripple, but also has the potential to revolutionize markets and the way data is stored and transferred around the world for generations to come.
Companies in all sectors, including financial, health and technology, are investigating the research and development of blockchain in search of ways to improve the safety of fraud prevention, a confirmation of faster transmission and possible savings to through efficiencies. In fact, it has been predicted that blockchain platforms will store 10% of global GDP in the next decade.
Measurement of Blockchain innovation potential
Given the progress and technological potential, it could be valuable for investors to measure and analyze the companies that are investing and developing the blockchain technology, identifying the companies that are potentially better able to increase their business and generate new sources of income or reduce costs. It will probably help investors overcome. To help investors measure the potential effect of blockchain technology, I created a Blockchain Score ™ methodology. Blockchain Score uses seven factors to formulate a better overall picture of the potential related to the chain of blocks of a company, visualized through a classification system.
Based on this methodology, we classify some of the main companies related to blockchain for 2018.
The leading provider of equity and exchange indexes is among the leading financial companies dedicated to harnessing the power of blockchain. The New York-based firm operates at the point of intersection between finance and technology, allowing investors to safely navigate financial markets on a global scale.
Most investors are familiar with Nasdaq with respect to traditional investment practices, but Nasdaq has also become an industry leader in the development of innovative securities transaction methodologies since 2013. It was also one of the first in explore and incorporate the use of blockchain technology in their applications. The Nasdaq Private Market was launched for the first time in 2013 to facilitate secondary transactions for private companies, and two years later Nasdaq announced its first private securities transactions using blockchain technology. Chain.com was the first customer to use Nasdaq’s own Linq Blockchain ledger platform.
Since its founding in 1911, IBM has continuously developed technologies used in business, industry and the public. Today, the company behind Watson and the developments in cloud technology are already using a blockchain service for more than 400 clients in multiple industries. The IBM Blockchain Platform provides a fully managed blockchain as-a-service (BaaS) offering delivered through IBM Cloud, which allows organizations or individuals to securely record and track any type of complex transaction and maintenance network. records. More importantly, estimates of IBM that your blockchain offer will decrease financial services transaction disputes of $ 100 million each year to $ 30 million and reduce the overall resolution time by 77%. Blockchain platforms have the potential to reduce costs for industries such as finance, health, government and more, while potentially creating a new source of revenue for companies that offer blockchain as a service. These improvements can translate into better results and higher profits.
Although it is known for its bullet trains and business solutions, Hitachi is actually one of the largest technology companies in Japan that invests in blockchain. The conglomerate has been researching blockchain technology since the early 2000s, even before the invention of Bitcoin. Hitachi obtained its first Japanese patent related to blockchain in 2003.
Through its Financial Innovation Laboratory (FIL), Hitachi continuously works to expand the blockchain application using a three-phase approach. The multinational technology company first aims to establish a specialty for financial processes specifically, then expand through industries, and finally create a fully functional and automatic process in all systems using new blockchain innovations such as smart contracts. Recently, Hitachi incorporated a cryptocurrency and blockchain solution to support its supply chain management and operational strategy service. Over time, Hitachi intends to continue its committed research and development efforts to find and introduce more use cases in blockchain technology.
4. Daimler AG
The advances of Blockchain are, to the surprise of many, also used by the German automaker Daimler AG. In partnership with LBBW, Daimler launched a one-year corporate loan instrument worth 100 million euros, known as Schuldschein, using blockchain technology. The complete transaction, from the origination and execution of the loan contract to the confirmation of the reimbursement and interest payments, was carried out completely through the blockchain technology.
Based on the success of this recent blockchain initiative, Daimler seeks to implement blockchain technology across the spectrum of its business practices, as well as in car financing. Kurt Schäfer, Daimler’s Vice President of the Treasury, said: “Blockchain can affect almost the entire value chain, which is why, as a leading automaker, we want to play an active role in the global blockchain community and help shape intersectoral blockchain standards We want to do this in all the application areas that are important to us: customer relations, sales and marketing, supplier management, digital services and financial services. “
5. Hive Blockchain Technologies
Hive Blockchain technologies are among our main selections of blockchain stocks, and one of the most directly involved in the investment of cryptocurrencies. The Canadian technology company seeks to close the gap between blockchain innovation and capital markets through the ownership of multi cryptocurrency mining farms in strategic locations. It uses blockchain technology to validate cryptocurrency transactions.
Hive recently announced a significant expansion of its mining capabilities, securing a large-scale bitcoin mining facility, as well as a round of private financing in the amount of $ 100 million. The technology firm was the first stock listed on a stock exchange dedicated exclusively to the mining cryptocurrency when it joined the Canadian TSX exchange in September 2017. Hive operates multiple cryptocurrency facilities and operates 8 cryptocurrencies that currently include Bitcoin, Ethereum and Litecoin .