Why you should Invest in Blockchain?

In a very short time since its introduction in 2008, blockchain technology has burst onto the tech scene and jumped to the front lines of the hottest new developments. Rapidly infiltrating every industry you can imagine, this new system is also creating new and exciting investment opportunities 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, but that is not the case. Investing in the technology itself will prove to be the savviest investment in the long run.

Here, we will focus on how to invest in blockchain, and why it’s a good idea.

Originally, blockchain was developed to underpin digital currencies like Bitcoin (BTC) and was used for secure and transparent financial transactions. Blockchain proponents and developers realized the benefits of this technology and integrated it into everyday work processes through tools like e-governance and data storage.

Transparency and security are two main features of blockchain technology that attract both innovative developers and platform users. Due to its decentralized architecture, blockchain is free from any third-party involvement or governmental control. Blockchain technology offers efficiency, security, and transparency, all while reducing the costs of work processes in financial, technological, educational, and government sectors.

The potential for blockchain implementation in a wide variety of industries is attracting venture capital (VC) firms to invest in blockchain companies who are developing applications for business development purposes.

Blockchain can be applied in the following fields:

• Banking and Financial Technologies
• Charity and Donations
• Data Storage and Security
• Education
• Energy
• Government and Voting
• Insurance
• IoT (Internet of Things)
• Legal and Law Enforcement
• Marketing and Media
• Medical Industry and Healthcare
• Logistics and Supply Chains

Since 2014, annual investment in blockchain technology has steadily increased from $30 million to more than $200 million in 2017. It is estimated to reach over $400 million in 2019, so now is the time to get involved. At this point, you’re probably wondering how to invest in blockchain technology. Let’s dive in and find out!

Blockchain technology is typically traded through cryptocurrencies, but there are many other ways to invest in blockchain without tying your money to digital coins. One option is to consider investing in blockchain startups and crowdfunding platforms. The crypto market is susceptible to scams, but it’s very difficult to fake it if you’re developing solutions for other industries. Still, it’s important to conduct thorough, careful research in order to mitigate possible risks and choose the best way to invest in blockchain.

What are the best ways to research blockchain investment opportunities? First, you can use ICO rating sites with statistics and expert reviews to find out as much as possible about your investment options. Use thematic blogs and various blockchain information channels to keep up with the latest news. Consider looking at DAICO offerings as well, which protect your investment by securing funds and doling them out as progress takes place.

The questions you should be asking while you research are:

• What is the concept of the project? What problem does it solve?
• What industry will the project be launched in, and how does it work?
• Is this product competitive? Compare the pros and cons of the product.

Investing in startups means investing in companies’ stocks or funds that use blockchain technology 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 for your company. If you’re a company representative or CEO and you’re seeking ways to implement blockchain, you’re probably interested in the benefits of the platform. It can be the missing 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 for each one.

Financial Technology

Financial technology is a rapidly growing segment, as it deals closely with everyday banking procedures such as payment processing, investments, as well as buying and selling orders. In order to deliver these services, FinTech is widely accepting e-commerce platforms, online exchanges, and banking systems.

Many FinTech companies are investing in blockchain startups, with a global report stating that 77% of companies are expected to adopt blockchain. By investing in financial startups, you will help develop various programs and services that enhance 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.

Supply Chain

Another industry that adopts blockchain globally is the supply chain. This refers to the supply/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, with easily 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 human error, avoid product delays, eliminate risk of fraud or scams, enhance management, and increase 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).

Healthcare

Some concerns in the healthcare industry include privacy, data accessibility, and trust between patients, doctors, and insurance institutions. Sharing medical records between facilities is key as well, and much more difficult in a centralized data management architecture.

The benefits of implementing blockchain technology in the medical industry are obvious. It allows the development of a medical ecosystem in which records are kept safely and securely, and easy access to information is provided. Forgery is much easier to prevent, and payments are processed quickly and privately.

Here are some key blockchain startups to consider in the healthcare industry: Nebula Genomics, Doc.AI, Iyro, Patientory, Guardtime and Gem.

Education

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 boot camps. All of these initiatives can benefit greatly from the transparency and access to data available with blockchain technology.

Blockchain in education stimulates the exchange of knowledge, generates trustworthy credentials, and keeps records safe and accessible. Student/teacher/professor/parent/school cooperation is both simplified and easier to manage.

Here are some education-related blockchain companies to consider, including Afterschool, BitDegree, and Gilgamesh.

Artificial Intelligence (AI) and Machine Learning

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, performs a wide variety of tasks that eliminate human error and increase productivity. With the help of these technologies, it becomes possible to create an ecosystem for businesses or entrepreneurs in which certain functions are performed automatically, thereby saving time and human effort.

Investing in blockchain AI startups opens up a vast number of new opportunities to find solutions to inefficiencies in work processes. With the help of AI, it is possible to automate up to 25% of job-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) to invest in blockchain. Despite the recent rise in value, cryptocurrencies are still volatile, and even though they are likely here to stay, investing in blockchain technology is the better long-term strategy. Not only can it be lucrative, a blockchain investment fund can also create benefits across many different industries. We highlighted just a few industries that are well placed to benefit from blockchain technology, but make sure you research other fields – especially those that you’re interested in.

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