I do not have to tell you that the prices of cryptocurrencies are low. Very low … they have dropped about 80% to 90% of their 2018. from the top of the year.
But for the technology that runs them – the block chain, also known as shared general ledger (DLT) technology – cryptocurrencies are just one of many uses. Every week, the adoption of this technology is soaring.
According to JPMorgan, the most valuable purpose of the blockchain is not to restructure finances, but to approve and record transactions.
Let me give you some good examples …
Example # 1 : HSBC is one of the largest banks in the world. Last year, it used a blockchain-based system to execute more than 3 million forex (currency) transactions and more than 150,000 payments worth $ 250 billion.
Yes, $ 250 billion!
What makes HSBC prefer a blockchain? Easy. HSBC has said that the blockchain automates their solution system. In addition, the blockchain helps the company reduce costs by eliminating the need to depend on external technology providers. In addition, they have fewer errors and delays. The result: higher profits.
Sounds like a medal to the block chain!
Example # 2: Amazon has much more than just an online store and two-day delivery. It now offers, among other things, two blockchain services.
If Amazon 1. He also released his quarterly results in February 2008, stating that their cloud division – Amazon Web Services – earned 2018. $ 25.7 billion in.
To put this 25.7 billion in context, we can compare that to more than McDonald’s earned throughout the year! (A company with gold cards earned $ 21 billion.)
Even more telling is the fact that this result means 2017. an increase of 47% compared to the previous year.
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In addition, we have reason to believe that Amazon will shatter that result in 2019. year again. This is because they believe that the blockchain can bring them benefits in areas other than cloud services.
Amazon has just released two new divisions – Amazon Quantum Ledger Database and Amazon Managed Blockchain – that could be even bigger and more profitable than AWS in the future.
How big can Amazon’s blockchain services grow? No one knows for sure, but for Amazon (and its shareholders), blockchain services could become one of the biggest – if not the LARGEST – sources of revenue and profit.
They are not newcomers who have picked up a flyer on some untested technology. They know how to make money – a lot of money. I could go on and give some more examples, but I mentioned HSBC and Amazon because they are some of the biggest players in banking and retail.
Read also: The biggest crypt investment error is very easy to avoid
I do not necessarily mean that you should now buy shares in HSBC and Amazon. (Although I suspect they will both be long-term winners because of their blockchain projects.) Instead, I suggest you take a closer look at the stocks of companies that provide key building blocks in the blockchain ecosystem.
Fidelity’s flagship Magellan Fund, Peter Lynch, once spoke of “tenfold” shares that were worth 1,000% or more. And one area that is currently breaking tenfold is the blockchain industry.
Join me in the search for the next big blockchain winners by clicking here (ENG). Now is the time to jump on board!
Translation: Lucreds Plus OÜ