The blockchain technology has shown great developments in the years that came after investors and businesses became aware of its existence.
It has demonstrated promise to change the way corporations and businesses run their operations. Even though it is most commonly described as the underpinning technology for cryptocurrencies, blockchain’s potentials extend far and beyond digital currencies.
So, for investors who want to expose their portfolio to blockchain developments, here are the top stocks to invest in.
IBM can probably be the overall leader when it comes to blockchain technology development. IBM has continuously tackled innovations such as cloud computing, artificial intelligence, and the internet of things. The blockchain technology is among them.
At present, the company blockchain solutions get some support from thousands of experts. The company is also participating in hundreds of blockchain projects.
Through the IBM Cloud, the company delivers its blockchain platform as a fully managed, blockchain as a Service offering.
Alibaba is the largest Chinese e-commerce and technology firm. The company is apparently nosediving into the blockchain space as it already has filed 90 patents for blockchain tech.
On top of that, the company has also developed various blockchain solutions to optimize and integrate different business segments.
For example, the company partnered with the Chinese government to use blockchain in healthcare. Meanwhile, Ant Financial, which is an affiliate firm for the company, recently launched a remittance service based on blockchain tech in Hong Kong.
Even though blockchain was initially created to make intermediaries unnecessary, MasterCard is actually adopting the technology to improve its efficiency when it comes to transaction speed, costs, and security from fraud.
This is a good move for the company has the mitigation of fraud can help it save billions of dollars. That’s because the lending and credit industries suffer billions of losses because of fraud.
At the same time, the company has also started developing APIs where other developers can start designing blockchain-based applications.
In other words, even as the blockchain technology is attempting to disrupt its business model as well as the larger banking and lending space, MasterCard is trying to adopt blockchain into its business processes.
Fujitsu is a Japanese technology firm that’s the world’s 7th largest provider of IT services and ranks 1st in Japan.
Recently, it got selected as a vendor for the development of a transfer settlement system for the Collaborative Blockchain Platform of the Japanese Bankers Association.
On top of that, the company also recently set up a Blockchain Innovation Center in Brussels. It has also been pursuing projects that will help other companies to develop successful blockchain solutions.
ING Groep is a Dutch banking and financial services company that has exerted tremendous effort to make a name in the blockchain industry.
In 2017, the company started its involvement with the blockchain technology. At present, the company has blockchain initiatives that include 44 proof of concept projects. Adding to its portfolio is the completion of eight live pilots.
The efforts by the company revolve around client data privacy, collateral lending, commodities, and debt transactions.