What is a Blockchain Stock?
For a long period, blockchain and other new technologies have emerged that may cause an expectational change towards the future of finance. Blockchain is the technology that supports cryptocurrencies such as Bitcoin, Ethereum, and Ripple.
A blockchain, originally block chain, is a growing list of records, called blocks, which are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data (generally represented as a merkle tree root hash). - Source: Wikipedia (https://en.wikipedia.org/wiki/Blockchain)
Companies in many sectors of finance, healthcare, and technology are diving into blockchain research and development to achieve better security, quicker transfer of data, and potentially huge cost savings and improvements in the way they operate. Many companies believe that utilizing blockchain technology in real-world solutions will solve existing problems in their business model that have been deemed unsolvable until now.
Here are some examples of the some blockchain-related companies.
Microsoft has launched its blockchain initiative back in 2015 and intends to integrate the technology with its Azure cloud service. Later on, the project has expanded to consist of banking applications as well as digital identity tech through the ID2020 program. Blockchain technology plays a vital role with Microsoft’s Azure business as it makes the service better for value. In addition to this, Azure has been the main contributor to MSFT (Microsoft Corporation) success.
IBM was founded in 1911 and the company has developed cloud technology already utilizing a blockchain services for over 400 clients in many industries. The company’s blockchain platform offers a managed blockchain service that is transported through the IBM cloud to other organizations or individuals. This enables them to record and track any type of difficult transaction and recordkeeping network securely.
Hitachi is one of Japan’s biggest technology firm that is investing in blockchain. The company has been researching blockchain technology since the early 2000s even before the birth of Bitcoin. Hitachi had acquired its first blockchain-related rights in 2003. Hitachi consistently worked to widen the application of blockchain using a phased approach. The company plans to use blockchain technology to establish a specialty for financial processes, then expand across industries and make a fully automatic, functioning system by using blockchain innovations similar to smart contracts. In addition to this, Hitachi integrated cryptocurrency and blockchain solutions to support the supply chain management and operational services.
Hive Blockchain Technologies
Hive blockchain technologies is a company that is the most involved in cryptocurrency investing. The plan that they have is to bridge the gap between blockchain innovation and capital markets through ownership of many cryptocurrency mining farms at strategic locations. It utilizes blockchain technology to validate cryptocurrency transactions.
Daimler AG has seen advancements due to blockchain technology and they have launched a partnership loan agreement that utilises blockchain technology. In addition to this, the complete transaction and the loan agreement was entirely carried out through blockchain technology. Due to the success of the partnership agreement, Daimler is looking to implement blockchain technology into business practices and auto financing and rewarding safe driving with crypto.
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