Beyond Bitcoin: Blockchain 2018
It's time to be done with Bitcoin.
In 2017, Bitcoin was the talk of the town. The digital token popped up on almost every major news outlet, from Fox to CNN. Recently, it even permeated pop culture. Just a few nights ago, I was flipping through television channels only to hear the cast of The Big Bang Theory drop "Bitcoin" in casual conversation.
Of course, Bitcoin's fame isn't a bad thing.
Bitcoin's popularity and subsequent rise in price has many investors fearing they missed the Bitcoin boat, but this is actually far from the truth.
While it's true that the best time to buy Bitcoin may have passed, that doesn't mean the end of the digital currency market is coming.
You see, Bitcoin was just the spark needed to ignite a $500 billion digital currency market. Regardless of whether Bitcoin flops, that market isn't going anywhere.
I say this because the technology that makes digital currencies like Bitcoin operate is revolutionary. Many compare it to the second coming of the internet.
And our world desperately needs it.
The Blockchain Revolution
The technology I am talking about is blockchain.
Blockchain is the technology at the base of almost every digital currency, which means investors would be foolish to be paying attention to just Bitcoin. In 2018, blockchain is poised to disrupt and advance multiple sectors, from shipping to the Internet of Things.
At Wealth Daily, we are constantly assessing new and emerging blockchain technologies.
Our goal is to find young technologies that can make investors profits.
That is why, in the next couple of weeks, we are going to be talking about blockchain and some of the industries it is set to disrupt.
We are going to do this in a four-part email series, so keep an eye on your inbox.
Today, you are reading the first part of that email series, where we explain what blockchain is and why it is so critical to our developing global economy.
Trust me, you want to pay attention to this.
What is a Blockchain?
It would be unfair to start a conversation about blockchain investing without a brief summary of how blockchain technology operates.
If you understand why blockchain is so disruptive, you are better prepared as an investor to seek out the right companies.
So buckle up for a blockchain crash course.
A blockchain, with all its technical bells and whistles, is simply a new way to store and exchange data. The technical definition of a blockchain is a distributed and continually evolving ledger of information.
A blockchain-based system is preferable to our modern systems because, in our modern systems, citizens must trust corporations to handle their money or private data. Few things can be shared from individual to individual.
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The image above breaks down our current system. You can see that an individual has to be involved as well as a centralized authority. In order for an individual to send another person money, they need to go to a bank. In order for an Uber driver to pick up a client, they need to go through the centralized application.
With blockchain, you can eliminate the middleman. Goodbye banks. Goodbye internet monoliths. Goodbye confusing centralized voting system.
Blockchains allow individuals to share information with each other while trusting that the system will protect them.
It also allows companies to dramatically cut costs. Santander expects blockchain technology to save banks upward of $20 billion.
Because every transaction or piece of information on the blockchain is public, individuals can see exactly where they sent money and where it has gone since.
That is one of the reasons Bitcoin is so popular. Individuals — specifically those from developing countries — don't like a bank involved with their money.
Blockchain technology can be applied to hundreds of industries, removing the middleman in shipping, real estate, health care, and even music.
Essentially, with blockchain, we are finally looking at the future.
Looking at Blockchain in 2018
If points in the above section confused you, I encourage you to respond to this email with any questions. We try to answer subscriber questions frequently.
But if you are ready to keep plunging ahead into the world of the blockchain, just take away these key facts:
- Blockchain is a powerful technology that allows information to be stored safely and securely.
- Because of blockchain's structure, the information stored on a blockchain can remain public.
- Because many blockchain technologies are decentralized, users can connect and exchange information without a central government.
These unique traits give blockchain the power to transform hundreds of industries, flipping many of them on their head.
At Wealth Daily, we are looking at blockchain projects in a wide range of spaces.
We're looking at blockchain projects that have come into the world as digital tokens through a process known as an initial coin offering. We're also looking at public companies that are producing blockchain-related products or blockchain software.
In the coming emails, we are going to talk about a few of those companies and some of the major industries to benefit from blockchain including health care, identity security, and real estate. So keep an eye on your inbox.
But if you are impatient and ready to break into the blockchain space today, I encourage you to check out our FREE digital currency education service.
With this service you get a free 44-page e-book breaking down some of the top digital currencies in the space. You also get a monthly newsletter that details emerging blockchain projects we believe have potential.
For a limited time, you can unlock this educational resource for FREE. Click here to learn more.
Best of luck with your investments in 2018.
@AlexandraPerryC on Twitter
Alexandra Perry is a contributing analyst for Wealth Daily and Energy and Capital. She has multiple years of experience working with startup companies, primarily focusing on artificial intelligence, cybersecurity, alternative energy, and biotech. Her take on investing is simple: a new age of investor can make monumental returns by investing in emerging industries and foundational startup ventures.
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