Why you should add blockchain companies to your watch list

by , 19 November 2015

You've no doubt heard of Bitcoin. The digital currency uses blockchain.

Blockchain is a technology that has the potential to revolutionise the way we do things now, for the better.

So what does this mean for you as an investor?

Let's take a closer look…

What blockchain could do

The supporters of blockchain see it:
  • Replacing contracts;
  • Eradicating fees for financial transactions;
  • Replacing voting systems, land registries and passports; and
  • Replacing keys for cars, homes and hotel rooms.
This is because blockchain, a type of computer code, creates a trusted public ledger that anyone can look at. There isn’t one person in control of it.
This means you can trust the data contained in the ledger. And this means less middle men who are currently involved in so many aspects of the way we do things. 
For instance, when you buy shares, you pay your stock broker a fee for helping you complete the transaction. Blockchain could remove many of the layers of bureaucracy which are involved with the transaction and who take their cut.

The future for blockchain

Blockchain could revolutionise the way we currently do things. Many companies and banks are already exploring opportunities with this software. 
Companies are beginning to list on the world’s markets that are involved in blockchain. They’re definitely worth keeping an eye on and if you believe what blockchain’s potential could be, you should buy some shares.
So there you have it. Why you should add blockchain companies to your watch list.
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Why you should add blockchain companies to your watch list
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