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Five factors to promote the prosperity of blockchain technology in the future
The wind of change is blowing strongly. From the end of 20 17, the transaction of bitcoin futures contracts reached a climax. The panic subsided slightly, and popular words such as blockchain, cryptocurrency and bitcoin slowly faded out of the headlines. But now the next stage of Bitcoin is the legalization of asset classes and the promotion of blockchain technology. Behind the headlines of the recent trade war with the United States, the territorial war in the blockchain world has begun. This is not that the company changed its name to attract new investors, but that some mature industries use this technology to cut costs and improve profit margins. Large companies such as Wal-Mart, United Health and BMW have been adjusting blockchain technology to meet their needs. This is not only conceptual, but also the practical application of blockchain has undergone tremendous changes in industries around the world. The revolution has just begun. When studying the cryptocurrency ecosystem, you will find that there are many investment methods in the blockchain.

? 1) "picks and axes" and miners

During the gold rush, the really rich were those who sold picks and axes. In other words, these companies provide speculators with tools to go out and find wealth. In the field of cryptocurrency, this refers to companies that produce chips and hardware for mining operations. Include many semiconductor companies.

And the miners themselves. Miners confirm the transaction between nodes by solving the encryption problem, and then get the reward of cryptocurrency. We have seen listed companies "mine" cryptocurrencies. These companies mine tokens, then immediately sell them on the open market and transfer the proceeds to shareholders. Think of them as pipeline companies in the energy industry. These companies are small at present, but they may become bigger in the future.

2) Cloud infrastructure

No industry relies on cloud technology like blockchain. Without centralized ownership or supervision of trading institutions, it is necessary to distribute the general ledger on a global scale, which makes full use of the advantages of the cloud. However, the cloud still faces risks here, because blockchain technology can distribute storage around the world, thus countering the centralized nature of traditional cloud services. Nevertheless, the industry can still adjust its technology to benefit from it.

3) Payment processing and loan

Payment processing is one of the most subversive industries in blockchain. Different from traditional financial intermediaries, blockchain technology supports distributed, open and public ledgers. In this ledger, transactions are confirmed by other nodes in the chain, and the fees charged are much lower than those charged by traditional processors.

Blockchain technology is also very suitable for lending. No matter how big the lender is, it can spread the risk to thousands of loans in an instant. We are just the tip of the iceberg on this stage.

4) Investment companies, business development companies and consulting companies

There will be a group of companies looking for ways to integrate blockchain technology into their existing businesses. Large consulting companies have begun to provide services to help enterprises integrate new technologies. Gartner even developed a website for this purpose.

Some listed companies are acting as incubators for other emerging cryptocurrencies. At present, there are more than 1600 cryptocurrencies in the world. Before cryptocurrency technology became mainstream, these investors and business development companies invested in promising cryptocurrency technology companies.

5) Futures and ETFs (exchange traded funds)

With the futures contracts of two large exchanges in the United States starting to trade, the process of legalization of Bitcoin continues. Soon, Bitcoin and ETFs of Ethereum will also be formally regulated. At the same time, investors have been using GBTC as an agent. As mentioned above, Goldman Sachs will soon open its trading department, further proving the legitimacy of cryptocurrency as an asset class.

conclusion

There is no doubt that the blockchain will have a huge impact on almost all industries you can think of. In fact, experts predict that by 2024, the value of this field will soar by 8500% to reach 60 billion US dollars.

Just like the early days of the internet, some companies will also make huge profits. Others are just a flash in the pan. Through some gimmicks and hype, we have exposed powerful and usually little-known companies that promote blockchain technology. Jiang Hui Sheng Xing Network Technology is a professional blockchain R&D company, which provides overall blockchain solutions and uses popular blockchain technology to truly realize blockchain development. As a professional system development company, we have 5 years of system development experience and 2 years of blockchain development experience, and we have very mature development experience. At the same time, we are constantly improving our technology and service quality to meet the needs of customers to a great extent. If you have requirements for blockchain system development, blockchain technology research and development, blockchain system development, blockchain settlement system development, blockchain APP development, blockchain game development, blockchain trading system development, blockchain solution development, blockchain project development, blockchain financial system development, blockchain business model system development, blockchain payment, blockchain application development, etc., you can contact me.