Michael A. Robinson- Money Morning - Only the News You Can Profit From.
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Technology Article 0 Wednesday, November 14, 20183 Ways to Play This $15.5 Billion Blockchain Subsector
While the price of major cryptocurrencies like Bitcoin and Ethereum remain choppy this year, businesses and investors across the globe have been busy exploring ways they can best use blockchain technology.
They're trying to harness the tech to improve or streamline operations in a wide range of industries – from financial services, media, and telecom to transportation, healthcare, and consumer or industrial products.
The idea here is that the blockchain can provide a digital store of value, eliminate the middleman currently required in many digital transactions, quicken settlement between parties, and authenticate transactions in an immutable way.
And that's just the beginning.
So this is going to be a big industry, with a big market.
WinterGreen Research estimates the worldwide market for blockchain products was $706 million last year and could reach more than $60 billion by 2024. That's 8,400% growth in less than a decade – and that'll lead to the kinds of gains no one can ignore.
But today, I want to focus on a smaller sector within the blockchain world. It's got explosive profit potential all on its own.
Then I'm going to show you three ways to make money on this blockchain revolution.Check it out...
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