In a very short time since its introduction in 2008, blockchain technology has burst onto the techscene and jumped to the front lines of hottest new developments. Quickly infiltrating everyindustry you can imagine, the new system is also creating new and exciting investmentopportunities that should have you asking ‘how do I invest in blockchain?’
Many people think that buying digital currency is the only way to invest in this new market, however, that is not the case. Investing in the technology itself will prove to be the savviestinvestment in the long haul. Here we’ll focus on how to invest in blockchain, and why it’s a goodidea.
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Originally, blockchain was developed to underpin digital currencies like Bitcoin (BTC), and usedfor secure and transparent financial transactions. Blockchain proponents and developersrealized the benefits of this technology and integrated it into everyday work processes throughtools like e-governance and data storage.
Transparency and security of blockchain technology are two main features that attract bothinnovative developers and platform’s users. Due to its decentralized architecture, blockchain isfree from any third-party involvement or governmental control. Blockchain technology offersefficiency, security, and transparency, all while reducing costs of the work processes in financial, technological, educational, and government sectors.
Potential blockchain implementation in a wide variety of industries is attracting VC (venturecapital) firms to invest in blockchain companies who are developing applications for business-development purposes.
Blockchain can be applied in the following fields:
Since 2014, annual investment in blockchain technology has steadily increased from $30 millionto more than $200 million in 2017. It is estimated to reach over $400 million in 2019, so now isthe time to get involved. At this point you’re probably wondering how to invest in blockchaintechnology. Let’s dive in and find out!
Blockchain technology is usually traded on cryptocurrencies, but there are many other ways toinvest in blockchain without parking your money to digital coins. One option is to considerinvesting in blockchain startups and crowdfunding platforms. The crypto market is susceptible toscams, but it’s very difficult to fake it if you’re developing solutions for other industries. Still, it’svery important to conduct thorough, careful research in order to eliminate possible risks andchoose the best way to invest in blockchain.
What are the best ways to do the research of blockchain investment opportunities? First, you canuse ICO rating sites with statistics and expert reviews to find out as much as possible about yourinvestment options. Use thematic blogs and different blockchain information channels to keep upwith the latest news. Consider looking at DAICO offerings as well, which protects yourinvestment by keeping funds secure and metering it out as process has happened.
The questions you should be asking while you research are:
Investing in startups means investing in company’s stocks or funds that use blockchaintechnology to produce a certain product or service. How should you invest in blockchain stocks? Research a number of industries that use blockchain technology because of its permanence, transparency, immutability, and better protection.
There are many blockchain companies you can invest in and partner with to create a solution foryour company. If you’re a company representative or CEO and you’re seeking ways toimplement blockchain, you’re probably interested in the benefits of the platform. It can be themissing link you are looking for, as blockchain provides your business with cost efficiency, security, and transparency.
Let’s look at several industries and some of the best blockchain companies to invest in each one.
Financial technology is a rapidly growing segment, as it deals closely with everyday bankingprocedures such as payment processing, investments, as well as buying and selling orders. Inorder to deliver these services, FinTech is widely accepting e-commerce platforms, onlineexchanges, and banking systems.
Many FinTech companies are investing in blockchain startups, with a global report stating that77% of companies are expected to adopt blockchain.
By investing in financial startups, you will help develop various programs and services thatenhance productivity in the financial sphere, reduce costs, and provide enhanced user security.
Here’s a list of the best FinTech blockchain startups, including BitPesa, Circle, BitPay, TenX, Swissborg, and Lendo.
Another industry that adopts blockchain globally is the supply chain. This refers to thesupply/logistics network that deals with data and information about products (goods or services) as well as the people involved in the trading process.
Blockchain provides solutions to keep supply-chain records transparently and securely, witheasily accessible and trackable details on origin, compounds, supplier/producer information, consumption, and product storage.
Companies investing in blockchain allow supply-chain and logistics networks to reduce humanerror, avoid product delays, eliminate risk of fraud or scams, enhance management, andincrease trust between the parties.
Here is a list of the latest blockchain supply-chain startups, including VeChain (VET), Waltonchain (WTC), Ambrosus (AMB), OriginTrail (TRAC), and WaBi (WABI).
Some concerns in the healthcare industry include privacy, data accessibility, and trust betweenpatients, doctors, and insurance institutions. Sharing medical records between facilities is key aswell, and much more difficult in a centralized data management architecture.
The benefits of implementing blockchain technology in the medical industry are obvious, as itallows the development of a medical ecosystem in which records are kept safely and securelyand easy access to information is provided. Forgery is much easier to prevent, and paymentsare processed quickly and privately.
Here are some key blockchain startups to consider in the healthcare industry, including NebulaGenomics, Doc.AI, Iyro, Patientory, Guardtime and Gem.
Another industry that can really benefit from investing in blockchain technology is education. Increasingly, the industry uses various platforms to provide self-sufficiency via e-learning, promote educational projects, and allow participation in all types of specialized bootcamps. All ofthese initiatives can benefit greatly from the transparency and access to data available withblockchain technology.
Blockchain in education stimulates the exchange of knowledge, generates trustworthycredentials, and keeps records safe and accessible. Student/teacher/professor/parent/schoolcooperation is both simplified and easier to manage.
Here are some Education related blockchain companies to consider, including Afterschool, BitDegree, and Gilamesh.
One of the most closely watched industries that will define the next century of innovation is AI. It’s also another area that can benefit greatly from the best features of blockchain technology.
Artificial intelligence along with machine learning perform a wide variety of tasks that eliminatehuman error and increase productivity. With the help of these technologies it becomes possibleto create an ecosystem for businesses or entrepreneurs in which certain functions are performedautomatically, thereby saving time and human effort.
Investing in blockchain AI startups opens up a vast number of new opportunities to find solutionsto inefficiencies in work processes. With the help of AI, it is possible to automate up to 25% ofjob-based tasks. It is estimated that by 2050, machines will reach the human level of intelligence.
Here are some of the top companies applying blockchain in the AI field, including Enigma, Numerai, Datum, NuCypher, and Ocean.
We hope this answers the question of how (and most importantly, why) invest in blockchain. Despite the recent rise in value, cryptocurrencies are still volatile, and even though they are likelyhere to stay, investing in blockchain technology is the better long-term strategy. Not only can itbe lucrative, a blockchain investment fund can also create benefits across many differentindustries. We highlighted just a few industries that are well placed to benefit from blockchaintechnology, but make sure you research other fields – especially those that you’re interested in.
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