Point Roberts, WA - November 14, 2017 (Investorideas.com newswire) Investorideas.com, a global news source and investor resource covering actively traded sectors including blockchain and cryptocurrency stocks reports on the opportunity and recent developments in the sector.
According to new market research published by Global Market Estimates, the Blockchain Technology Market is expected to grow at a CAGR of 53.2% during the forecast period, to reach USD 12.48 billion by 2025. The demand for blockchain technology is expected to grow as it allows transparent and faster processing of transactions between parties.*
International Business Machines Corp (NYSE:IBM) says, "Blockchain technologies present opportunities for disruptive innovation. It enables global business transactions with less friction and more trust." IBM offers resources like 'Blockchain for Dummies' and an educational video for newbies to the sector that will help really understand the potential and opportunity, 'IBM Think Academy: Blockchain, How it works': https://www.youtube.com/watch?v=lD9KAnkZUjU
Momentum for this transparent shared ledger technology is gaining as new applications are being deployed.
One new application that LottoGopher Holdings Inc. (CSE: LOTO) (OTCQB: LTTGF) (Frankfurt: 2LG), a lottery messenger service company, plans to capitalize on is verification in the lottery industry. The company just announced the addition of Jeff Koyen as an Independent Advisor. Mr. Koyen will guide the company in developing and launching applicable blockchain technologies as it relates to online lottery, including the verification of ticket ownership on a public ledger. Mr. Koyen, a cryptocurrency and blockchain investor, trader and enthusiast, is also an award-winning journalist and media strategist. Previously, he held editorships with New York Press, Forbes Traveler, Travel and Leisure, Dow Jones Mansion Global, Vocativ and Digiday. He was recently appointed Strategic Advisor for 360 Blockchain.
"There is a great opportunity for LottoGopher to lead both lottery messenger services worldwide and the traditional state-operated lottery industry in setting a new standard for transparency and security using blockchain technology," commented Jeff Koyen. "A blockchain is essentially an incorruptible ledger of transactions, with the information spread across a network of computers, constantly updating. Both online and traditional lotteries could benefit from the development of a 'Lottery Blockchain' to increase trust and visibility for the ownership of the actual ticket."
Hive BlockChain Technologies (TSXV: HIVE) is a company that calls itself the only publicly listed cryptocurrency miner that provides the capital markets an opportunity to gain exposure to blockchain technology and cryptocurrencies. They have an exclusive partnership with Genesis Mining, the world's largest cloud mining company with nearly a million customers. The stock has over 253 Million shares outstanding and had a slight pull back following recent news that 24,636,705 common were released from a voluntary pooling agreement effective at open of the market on Wednesday, November 8, 2017 to allow for more market liquidity. The stock has had a high of $6.75 and trades an average volume of well over 3 million shares, showing an investor appetite for this blockchain stock.
In late October, Hive announced a $30 Million Bought Deal Financing consisting of 10,715,000 units at a price of C$2.80 per Unit.
Another company attracting big money in the sector is Global BlockChain Technologies Corp. (TSXV: BLOC)(OTCQB: BLKCF). They just recently announced an increase in the size of their offering by an additional 3,900,000 units and increased the Underwriters' Option. Under the amended terms of the offering, the Underwriters have agreed to purchase 15,700,000 units of the Company, on a "bought deal" private placement basis, at a price per unit of $2.55 for total gross proceeds of $40,035,000. Global Blockchain is an investment company that provides investors access to a basket of holdings within the blockchain space, managed by a team of industry pioneers and early adopters of all major cryptocurrencies..
Microsoft Corp. (NASDAQ: MSFT) is also betting on blockchain with the Coco Framework, a first-of-its-kind innovation that will advance enterprise adoption of blockchain technology.
According to the company, "The Coco Framework reduces this complexity, and when integrated with blockchain networks addresses critical needs for commercial adoption like high-transaction speed, distributed governance and confidentiality. Providing these foundational capabilities opens up more complex, real-world blockchain scenarios across industries - like financial services, supply chain and logistics, healthcare and retail - further proving blockchain's potential to digitally transform business."
"Blockchain is a transformational technology with the ability to significantly reduce the friction of doing business," said Mark Russinovich, Chief Technology Officer of Azure at Microsoft. "Microsoft is committed to bringing blockchain to the enterprise. We have listened to the needs of our customers and the blockchain community and are bringing foundational functionality with the Coco Framework. Through an innovative combination of advanced algorithms and trusted execution environments (TEEs), like Intel's Software Guard Extensions (SGX) or Windows Virtual Secure Mode (VSM), we believe this takes the next step toward making blockchain ready for business."
Yes, everyone is joining the blockchain train. At the recent Money20/20 conference in Las Vegas, Apple's (AAPL) co-founder Steve Wozniak said, "I'm a big fan of blockchain technology."
Watch Steve Wozniak Video talking blockchain and cryptocurrency: https://www.youtube.com/watch?v=PiCbXouQJPc
Blockchain technology is disruptive and offers investors significant opportunity but as always due diligence is a must.
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