Start the conversation
Comment on This Story
Or to contact Money Morning Customer Service, click here.
Since last year's cryptocurrency crash, blockchain isn't getting nearly as much attention from investors.
But make no mistake. Blockchain is now a billion-dollar industry, and it's on the cusp of a massive expansion. And now that many of the pretenders have been killed off, it's time for the real-deal blockchain stocks to shine.
We've got a pick in this space that might surprise you. That's because it has a reputation as a tech dinosaur that's been eclipsed by the more sprightly "FANG" stocks.
It's a classic turnaround story. This tech company has invested heavily in blockchain over the last few years and has positioned itself as a leader in this new industry. As a result, its financials have turned sharply positive.
There's plenty more growth to come, too. According to MarketsandMarkets, the blockchain market is ready to explode from $1.2 billion in 2018 to $23 billion by 2023.
That's a 1,817% rise in five years. And this pick stands to capture a dominant share of that growth.
Watch Now: Robert Herjavec is helping everyday Americans discover the next Uber. Click here now...
Before we go any further, let's make it clear that we're not talking about one of any number of companies that have used blockchain as a gimmick to generate hype for their brands.
The most notorious of those is Long Blockchain Corp. (OTCMKTS: LBCC), which changed its name from Long Island Iced Tea Corp. at the height of the crypto craze. It briefly enjoyed a huge rise in share price and promptly crashed back down to earth.
Our pick today, in contrast, has built a robust blockchain division.
It delivers valuable services to multiple industries around the world. Blockchain's lightning-fast ledger system can ensure food safety, streamline supply chains, track data on mobile phone networks, and even help national governments access technology more efficiently - to name just a few applications.
No wonder the blockchain market is about to surge in value.
On top of that, our pick today just got a top score from our Money Morning Stock VQScore™ system.
By at least one metric, this pick is set for a 140% gain.
In other words, this sleeping giant is about to wake up in a big way...
After More than a Century of Innovation, This Tech Giant Is Entering a New Growth Phase
About the Author
Stephen Mack has been writing about economics and finance since 2011. He contributed material for the best-selling books Aftershock and The Aftershock Investor. He lives in Baltimore, Maryland.
A very inspiring story