Investors who find the best blockchain stocks to buy in 2018 are going to make a killing, as the industry is poised to explode in growth, and we're bringing you the best one to own right now.
You see, the blockchain technology market was only worth $339.5 million in 2017, according to Statista.
But by 2021, that will skyrocket 577.46% to $2.3 billion.
That's going to be a huge payday for the shareholders of the best blockchain stocks.
Before we share all the details about the best blockchain stock to buy, we wanted to make sure our readers have a basic primer on how this advanced tech works.
That's because we want to make sure Money Morning readers know just how powerful this technology is...
When you get to the barebones, blockchain technology allows for a digital ledger to record transactions transparently and privately.
It allows for anyone in the world to see that Person A sent Person B a cryptocurrency, while also keeping their anonymity.
But aside from sending payments, it's going to have more far-reaching implications that radically disrupt entire industries.
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Just take a look at the real estate industry...
On Feb. 20, a woman sold her home through a blockchain transaction. Thanks to a startup called Propy, the blockchain recorded each step in the transaction, according to Futurism.com.
This made the process more streamlined and secure.
One party couldn't say they didn't receive a check or never received a document to sign, because everything was recorded on the digital ledger.
And it's exactly in this type of advanced record-keeping that Money Morning Director of Technology & Venture Capital Research Michael Robinson found your next profit opportunity.
In fact, in the next 12 months alone, the stock price of this company is expected to climb 45.34%...
One of the Best Blockchain Stocks to Buy This Year
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JD.com Inc. (Nasdaq ADR: JD) is one of the biggest online retailers in China.
And the reason Robinson believes JD is a "blockchain stock" to buy is because of its ledger technology for beef imports.
JD announced on March 2 that it plans to use blockchain technology to track beef imports from InterAgriGroup Pty. Ltd., an Australian meat supplier. The Chinese retail giant wants to provide meat buyers with greater transparency into the beef production process.
The system will record a variety of data, including the location of livestock breeding, housing, processing, and method of transport.
And this type of record-keeping is desperately needed as China increases its appetite for beef...
From 2012 through 2016, China saw a tenfold increase of its beef and veal imports, to 825,000 metric tons annually. Just behind the United States, China is now the world's second-biggest importer of red meat.
With 1.37 billion people living in China, there's going to be a lot of beef to track.
Remember, the blockchain market is expected to climb to $2.3 billion by 2021, and companies at the forefront of it, like JD.com, will capture the biggest gains.
So will the shareholders.
And as the blockchain technology really takes off, so will the cryptocurrencies that rely on it...
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