The term blockchain is familiar to most people by now, as the technology behind Bitcoin and other cryptocurrencies. In simple terms, the blockchain is a database used to store data.
However, the technology is not only used in the field of cryptocurrencies, but is already being used for numerous other purposes. In this article, we present some stocks that could benefit from blockchain technology.
Square
- Company: Square Inc
- Symbol (TWS): SQ
- ISIN: US8522341036
- Stock Exchange: New York Stock Exchange
- Country: USA
- Currency: US Dollar
- Market capitalization: USD 114.61 billion
- Sales (TTM) in USD: 15.93 billion
Square is a financial services and mobile payments company headquartered in San Francisco, California. Under CEO Jack Dorsey, who is also the head of Twitter, Square currently owns around USD 400 million worth of Bitcoin and is developing a decentralized exchange for the cryptocurrency. Square has developed the Cash App, a mobile payment service that enables users to transfer money to each other via a mobile app. The service is available in the USA and the United Kingdom. As of March 21, 2021, the service had 36 million active users. The latest quarterly results show strong growth in sales and profits, which is also reflected in Square's share chart.
CME Group
- Company: CME Group Inc
- Symbol (TWS): CME
- ISIN: US12572Q1058
- Stock exchange: NASDAQ
- Country: USA
- Currency: US Dollar
- Market capitalization: USD 78.84 billion
- Sales (TTM) in USD: 4.63 billion
The CME Group is the world's largest futures and options exchange, offering derivative securities for stocks, indices, foreign exchange and more. It is also the only exchange to have created a market for Bitcoin futures contracts. With the rising interest in Bitcoin in recent quarters and the potential for the Bitcoin price to reach new all-time highs, CME Group can expect revenues to increase as the company receives a small fee for each transaction executed on its exchanges. If interest in cryptocurrencies continues to grow, more futures products could also be offered on the exchange.
Mastercard
- Company: Mastercard Incorporated
- Symbol (TWS): MA
- ISIN: US57636Q1040
- Stock Exchange: New York Stock Exchange
- Country: USA
- Currency: US Dollar
- Market capitalization: USD 326.78 billion
- Sales (TTM) in USD: 17.79 billion
Der Zahlungsabwickler Mastercard verzeichnet seit einigen Jahren ein enormes Wachstum, da der Trend zu einer bargeldlosen Wirtschaft zu einem steigenden Volumen an Debit- und Kreditkartentransaktionen geführt hat. Die Blockchain-Technologie hat das Potenzial, den bargeldlosen Zahlungsverkehr zu verändern, insbesondere bei grenzüberschreitenden Geldtransfers, die in der Vergangenheit langsam und kostspielig waren. Mastercard kündigte eine Partnerschaft mit dem Blockchain-Technologieunternehmen R3 an, um ein neues grenzüberschreitendes Zahlungssystem zu entwickeln, das dem Unternehmen letztlich einen großen Wettbewerbsvorteil in der Branche verschaffen könnte, indem es die größten Probleme beim internationalen Geldversand beseitigt. Außerdem hat Mastercard kürzlich sein Crypto Card Partnerprogramm beschleunigt, das es Partnern erleichtert, Zahlungskarten für Kryptowährungen auf den Markt zu bringen.
DocuSign
- Company: DocuSign Inc
- Symbol (TWS): DOCU
- ISIN: US2561631068
- Stock exchange: Nasdaq
- Country: USA
- Currency: US Dollar
- Market capitalization: USD 54.68 billion
- Sales (TTM) in USD: 1.79 billion
DocuSign we had already provided you with the Article AI Shares presented. The company is the undisputed leader in e-signature technology, an industry that has exploded in recent years. Electronic signatures save time and money for businesses. DocuSign has been actively using blockchain technology in its business since 2015 by allowing customers to record their agreements on the Ethereum blockchain. Moreover, CEO Dan Springer emphasizes that blockchain will be very important for the future of DocuSign's business.
IBM
- Company: International Business Machines Corporation
- Symbol (TWS): IBM
- ISIN: US4592001014
- Stock Exchange: New York Stock Exchange
- Country: USA
- Currency: US Dollar
- Market capitalization: USD 113.1 billion
- Sales (TTM) in USD: 74.46 billion
IBM has recognized that blockchain technology offers great potential for companies and founded “IBM Blockchain” in 2017 with the aim of establishing a range of blockchain services. It is the industry's leading provider of blockchain services and offers companies advice on integrating blockchain and increasing efficiency in their organizations. Today, there are more than 500 blockchain projects in progress. These include Food Trust, a way for companies like Walmart to track their food supply chain, and World Wire, an international digital payment network. IBM is looking closely at the technology and is betting on a continued trend towards blockchain technology, which would make IBM one of the few value stocks in the industry.