Seeking to learn and invest in the latest blockchain technologies? You have exactly landed at the right place!
Blockchain technology is not new to a few of us but for the newbies, let’s have a brief introduction.
What is Blockchain?
It is a structure that stores transactional records of the public in several databases, known as the “chain,” in a network connected through peer-to-peer nodes, and this storage is known as a ‘digital ledger.’
Some of the largest companies in the world believe that blockchain technology is an essential tool for carrying out transactions and exchanging information securely. The stocks of those companies give investors a way and room to gain exposure to this technology sector without buying cryptocurrency itself. Dive in the details to explore more!
Since blockchain technology has the potential to transform the cashless payment space, Mastercard comes on the list which is a global payments and technology company ranking among the top blockchain patent holders in the world.
They are already using blockchain technology for the Mastercard Provenance Solution to improve food supply chains worldwide.
Mastercard has announced partnerships with blockchain technology companies and formed a Crypto Card partner program that joins several leading Asia-Pacific cryptocurrency companies to launch crypto-funded Mastercard payment cards.
The company continues and aims to expand its offering and will be one of the top blockchain stocks to watch this year.
Amazon is a company that needs no introduction. Apart from operating the world’s largest e-commerce platform, they also lead the race in cloud computing services through Amazon Web Services (AWS).
Recently they launched ‘Amazon Managed Blockchain,’ which allows users to build and manage their blockchain networks.
Along with this, the newly launched Chia cryptocurrency (XCH) can now be mined on the Amazon Web Services platform. While blockchain services only account for a small portion of Amazon’s revenue, it’s certainly a growth sector for the company.
It is not wrong to say that Amazon will be a leader in nearly everything it focuses on, so it will be a blockchain stock to watch in the future.
NVIDIA Corp (NVDA):
Many of you may know that NVIDIA Corp designs graphic processing units (GPUs) used widely in the cryptocurrency mining industry, gaming, and mobile computing, which definitely makes it one of the top blockchain stocks to watch.
The graphics made by NVIDIA are so trending and famous among cryptocurrency miners that the company’s 3000 range has been known to sell on the black market for prices 300% higher than retail.
Nowadays, most miners of Ethereum are shifting from the proof-of-work algorithm to proof-of-stake that, is limiting the use of graphics cards in the long run, but still, most analysts believe there is still a high demand for NVIDIA’s graphic cards.
IBM Corp (IBM):
IBM was a top-notch company in the tech sector, but it has seen a recline in recent years. The company then tried hard to reinvent itself by focusing on blockchain technology services through the launch of IBM Blockchain in 2017.
Now progressing actively, the company manages over 500 blockchain projects for different companies, including Kroger, Walmart, and World Wire. As more companies adopt blockchain technology, IBM is one of the blockchain stocks that could benefit investors in the coming days.
Riot Blockchain (RIOT):
Riot Blockchain is again a bitcoin mining company that supports the Bitcoin blockchain mining operations with a more enormous and larger scope in the United States. The company is currently focused mainly on building energy-efficient mining operations.
According to some analysts, this would give Riot Blockchain the ability to output as much as 750 megawatts with a cost of just $0.025 per kilowatt per hour, and that would be the lowest price in cryptocurrency mining, giving the company a massive advantage among blockchain companies focused on this type of work.
It’s not an assumption but a reality that blockchain will indeed be a significant part of finance, technology, and many other industries in the next few years.
So, it’s a smart idea to focus on companies that will undoubtedly benefit from the growth of blockchain technology in the coming days.
We hope that you won’t get any loss on your investment in cryptocurrency, and it will undoubtedly help you a lot in each case. Above are some of the best stocks that will be very useful in the near future, and we hope the enlightenment will help you achieve what you desire out of it.