Block Chain Goes to the Masses; How To Benefit From It

The value of cryptocurrencies may be quite modest at the moment, but the underlying blockchain technology is becoming increasingly popular. The more businesses that adopt it, the greater the profit potential of investors like you.

I talk to a lot of investors. Most of them know about Bitcoin and other cryptocurrencies; but when it comes to the technology that underpinned them – the blockchain – they are in the grip of widespread misunderstandings.

Putting these misconceptions together with the crash that cryptocurrencies in 2018. It becomes clear why most investors are ignoring the demand avalanche that blockchain providers are currently enjoying.

Big mistake!

Cryptography is just one possible application of blockchain technology used in a wide variety of industries.

Blockchain For Beginners

The block circuit is also called Shared General Ledger Technology (DLT). DLT is open source software that is a digital transaction recording system that is copied simultaneously to thousands of computers around the world.

Instead of storing information on a central server – as traditional databases do – the blockchain shares it between thousands of different locations using a P2P ( peer-to-peer ) protocol in near real time.

Each individual computer processes and validates each transaction separately, binds those validated transactions together into a single “block” and then publishes them to all other computers on the network – meaning that once a “transaction” has been made, neither party can overwrite its terms. The blockchain allows you to trust people you don’t know.

In addition, this consensus mechanism protects you from cybercriminals who want to steal your information and your cryptocurrency coine.

Simply put, a blockchain is a digital system for securely storing transactions. That is his simple but priceless nature.

And the blockchain business is about to explode.

Deloitte, one of the four largest accounting firms, surveyed more than 1,000 block-chain executives around the world and found that the use of the blockchain is set to rise tremendously in the near future.

Deloitte 2018. Global Block Chain Survey Report found that:

• 95% of respondents invest in blockchain projects. 95%!
• 26% will invest $ 1 to $ 5 million in blockchain projects this year, and 23% will invest $ 5 to $ 10 million.
• 84% of respondents said that the block chain will eventually reach mass deployment

• 68% believed that they would lose a competitive advantage if they did not adopt blockchain technology.
• 69% of respondents believe that blockchain technology will eventually replace traditional accounting systems.
• 84% think that blockchain technology offers higher security than current cyber security providers.

What do all these high percentages mean in the real world? According to Deloitte, “We believe that the only real mistake companies can make with regard to the blockchain is to stay away from it,” given that deployment “is approaching its big breakthrough every day.”

Deloitte speaks from a business standpoint. From an investment standpoint, I believe the only real mistake you can make is not to add stocks to your investment portfolio.

Hundreds of publicly traded companies are investing huge amounts of manpower and money to be among the first to distribute blockchain profits.

Investing in the right blockchain pioneers can make you very rich. And NOW is the time to invest in them.

For example, to whom? This is exactly the kind of question that Juan Villaverde and I are trying to answer every month with our Weiss Crypto Investor (ENG) service. To find out who I would bet on in a blockchain race, consider a trial period for risk assets. I am sure you will be very pleased with the results.

Best wishes,
Tony

Article – Weiss Ratings

Translation: Lucreds Plus OÜ