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Apart from blockchain investments that involve digital currencies, cryptocurrencies, NFTs, and others, blockchain stock is another opportunity to make money in the industry. This type of investment entails buying the stock of tech companies that are making massive investments in the blockchain space. In today’s article, we will take a look at some of the top blockchain stocks that you can invest in.
Some Top Blockchain Stocks
IBM
IBM is a tech giant with a market capitalization of $128.5 billion. It has been able to harness the unique features and opportunities of blockchain technology to develop permission-based blockchain programs that have been very useful for many business organizations. Some banks, healthcare sectors, and even the government are enjoying the benefits of this innovation. Renault, IPwe, and The Home Depot are a few of the companies that are taking advantage of the innovation.
Renault, a French motor vehicle maker, partnered with IBM to create a platform known as the XCEED blockchain solution to process the huge amounts of data involved in the production process from start to finish. IPwe is a platform that uses IBM’s blockchain solution and artificial intelligence to process huge amounts of data in the management of IP and convert patent assets into tokens. More companies are very likely to partner with IBM in 2023. For instance, in November of last year, Maersk (a shipping giant) and IBM announced their partnership for the new year.
J.P. Morgan (JPM)
J.P. Morgan is a successful banking and financial organization. But also, the organization is very much involved in the blockchain industry. By employing IBM’s permission-based blockchain solution, they were able to develop Quorum. Quorum is a disunited ledger platform that can be used to process private transactions. J.P. Morgan also started a blockchain platform known as ONYX. This platform has its own native token, which is the JPM coin
Microsoft (MSFT)
Microsoft is another tech giant that has what it takes to become a major player in the blockchain industry. The launch of Azure cloud-based solution for businesses is Microsoft’s first step in exploring the opportunities of blockchain technology. And this made them the first technology company to offer a cloud-based blockchain service to business organizations. Unfortunately, Microsoft shut down the projects in 2021. Major companies have benefited from this service, some of them are J.P. Morgan, Starbucks, Xbox, Singapore Airlines, and others. Customers had to migrate to ConsenSys. However, since then, Microsoft has made other investments in blockchain companies.
Goldman Sachs (GS)
This is another successful bank that has discovered an opportunity in the blockchain industry. This financial institution has been investing heavily in blockchain ventures and companies such as BitGo, Veem, etc. According to the CEO of Goldman Sachs, blockchain has a bright future. The CEO of the bank was once a crypto skeptic, but it seems like he has seen some of the opportunities in the crypto space. Recently, the bank started accepting bitcoin as collateral for loans. The bank has also recently launched a platform for trading crypto and digital assets.
Nvidia
Nvidia is a technology company that specializes in the production of Graphics Processing Units (GPU). They are also at the forefront of the development of artificial intelligence. The Nvidia GPU is very useful in the blockchain industry for mining new tokens. NVidia has devised GPU for the very purpose of mining. The production of such GPUs specially designed for crypto mining is a major profit-making opportunity. In May 2022, Nvidia had to pay $5.5 million to the US Securities Exchange Commission as a fine over an accusation that they did not reveal how much they had benefited from the blockchain space. However, a source of major concern is that with the adoption of the Proof-of-Stake method, GPU may face a decline in the demand for the technology
MasterCard
After Visa, MasterCard is second in rank among the world’s payment processing platforms. Now, MasterCard is undertaking several blockchain and crypto initiatives. MasterCard has developed a crypto card solution that helps businesses and individuals conduct transactions using digital currencies. Part of Mastercard’s nearest future solution is a project that makes it possible for local banks to offer crypto services to their customers.
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