If you have missed out on making a fortune investing early in the Personal Computer revolution of the 70s and 80s, or the internet revolution of the 90s, don’t worry because there is another revolution on investors’ doorstep, and it is the blockchain revolution.
Blockchain is a digital ledger which uses a high level of encryption, and it can be fussed with AI technology. We are just beginning to understand useful applications of the technology, from smart contracts to banking and digital money
“there is another revolution on investors’ doorstep, and it is the blockchain revolution”
Who are the blockchain movers, the disruptors of today, the potential Amazon and Microsoft of tomorrow who are leveraging blockchain technology, and changing the rules of the game?
Think fintech revolution, which is likely to be the game-changer for the banking and financial service industry in a generation.
Fintech revolution, which utilizes blockchain technology, is rapidly making retailing banking obsolete, particularly in this zero-interest rate environment where deposit account pays savers little or no interest.
Fintech revolution, a portmanteau of “financial technology” is already improving and automating the delivery of financial services and it is impacting how millennials, the smartphone generation, conduct their daily financial transactions. Today, your bank is an app, a program on a smartphone.
“Fintech revolution, which utilizes blockchain technology, is rapidly making retailing banking obsolete”
Who are the disruptors in the Fintech space utilizing blockchain technology and changing retail banking?
Coinbase is a digital portfolio that lets users buy and sell cryptocurrency. The company facilitates buying and managing cryptos with features such as recurring buys and vault protection. Since 2012, Coinbase has seen over $150 billion exchanged by more than 20 million people.
Salt lending bypasses retail bank lenders, and its platform allows users to leverage their cryptocurrency for cash loans.
Borrowers can lock into cash loans, from 1-36 months, by leveraging cryptos like Bitcoin, Ether, or even Dogecoin. The company’s platform is available in a majority of US states and multiple countries, and loans start at $5,000. So perhaps the bulk of future auto loans will be made by fintech, the likes of Salt lending.
“Transferring money in different currencies bypassing the SWIFT banking system means that anyone, anywhere with a smartphone can offer a product or a service to a global market” – Win Investing
Circle, another fintech company that utilizes blockchain technology is an online money transfer and cryptocurrency investment platform
Without exchange rate fees, friends can transfer money in different currencies with a simple text. Recently, the Boston-based company began offering investment opportunities in seven different cryptocurrencies.
Transferring money in different currencies bypassing the SWIFT banking system means that anyone, anywhere with a smartphone can offer a product or a service to a global market
Civil, a great company in the digital media journalism space uses blockchain technologies
Civil’s mission is to power sustainable journalism through blockchain. The company’s CVL tokens are the software on which journalists can launch their own independently operated newsrooms. Since the journalism published is on the blockchain, the stories can never be deleted or redacted to falsify information.
Learning Machine, in collaboration with MIT’s media lab, created Blockcerts, an open standard for creating, issuing, viewing, and storing blockchain-based certificates
Voatz is a mobile voting platform running on the blockchain.
So investing today in companies utilizing blockchain technologies, whether it be digital money, fintech, data management, or in the civil arena, journalism or voting could pay off tomorrow.