You may know Blockchain Technology is behind Bitcoin and several other cryptocurrencies. It is Influencing Industries from Finance to Supply chain management. Most of the Investors, investing in stocks, don’t have an understanding of Blockchain Technology. Blockchain is becoming prominent in the field of stocks.
Here is a Brief Introduction of Blockchain Technology
Blockchain is a form of ledger Technology which keeps records. They provide secure means of Data storage. Blockchain can deal with –
- Digital Id’s
- Medical records
- Wills
- Digital voting
- Copyright protection
Here are Top 5 stocks of Blockchain to keep an eye for Powerful growth.
- IBM [0.61%] – Its Blockchain division is focused on creating solutions for supply chain management. IBM’s performance is stellar in recent years and the company is working on some Big moves to start growth in the field. IBM’s clients such as Home Depot [HD- -1.01%], Renault [RNDSF- -4.77%], and Albertsons [ACI- -0.73%] are producing solutions for clients. IBM’s Leadership in enterprise Blockchain solutions made it a notable player into traditional Business processes.
- NVIDIA [8.47%] – It is known for its graphics processing units [GPU’s], and is involved with blockchain technology. GPU’s play an important role in technical areas like AI, Gaming and vehicles.Nvidia’s CMP chips have cooled off as prices declined, Sales could rebound if the crypto market recovers. Nvidia’s Business is surely a Powerhouse market Leader.
- MICROSOFT CORPORATION [MSFT – 5.40%] – Microsoft Corporation is Integrating Blockchain into its Cloud service and Software Products. It is an American Multinational Technology Corporation headquartered in RedMond, Washington. Company is providing Blockchain-related investment. Its Azure blockchain service allows businesses to deploy, manage and Govern Blockchain Networks.
- AMAZON [1.11%] – It is the most known and world’s Largest e-commerce platform. It also provides amazon web service. They allow Customers to create and manage their own Blockchain Networks. Blockchain currently makes up less percentage of Amazon’s Revenue, But as technology evolves, there are possibilities of Much more Revenue Generation. Amazon managed blockchains help in Managing and creating private networks scalable. It manages distributed ledger Technology which helps the users. You can also create private Blockchain networks with the Hyperledger Fabric framework.
- MASTERCARD [MA- 0.26%] – This stock is growing Tremendously in several years as the trend is going towards the Cashless economy which has led to increasing the volumes of cards [like debit cards and credit cards] Transaction. They also provide consumer protections enabling regulated payment Tokens to power Financial applications. Crypto related firms like Ripple, Consensys, Idemia, have partnered with Mastercard. Mastercard launched its mastercard Crypto credential in April and they would like it to pursue in WEB3 environment.
SUMMARY –
While these companies are growing immensely, it is very essential to conduct Research while investing. As Blockchain Technology is evolving, these top 5 blockchain stocks offer opportunities for investors seeking vulnerability in this technology.
