Blockchain Market Projected to Grow as Technology Evolves

Blockchain Market Projected to Grow as Technology Evolves

FinancialBuzz.com News Commentary

PR Newswire

NEW YORK, April 5, 2018 /PRNewswire/ --

According to a report published by Netscribes, the global blockchain technology market size is expected to reach USD 13.96 billion, growing at a compound annual growth rate of 42,8 percent. Increasing adoption of blockchain-based technologies is considered as one of the key factors that drive the market. The report indicates that blockchain technology is used increasingly in the Banking Financial Services and Insurance (BFSI) segment as it offers a faster, transparent, secure, and cost-efficient alternative for financial transactions and cross-border payments. The technology is also used in Healthcare, energy, media and informatics are other sectors. Global Payout, Inc. GOHE, Bitcoin Services, Inc. BTSC, BTCS Inc. BTCS, Digatrade Financial Corp. DIGAF, Digatrade Financial Corp. DIGAF, MGT Capital Investments, Inc. MGTI

Healthcare companies started to apply blockchain technology to increase data quality and lower cost. Recently, five leading health care organizations, including Humana, MultiPlan, Quest Diagnostics and UnitedHealth Group's Optum and UnitedHealthcare, announced the launch of a blockchain pilot program to improve the quality of healthcare data. According to a statement, "The pilot will examine how sharing data across health care organizations on blockchain technology can improve data accuracy, streamline administration and improve access to care."

Global Payout, Inc. GOHE yesterday announced breaking news that, "executives Stephen Russell (CEO) and Bill Rochfort (President) of its newly formed supply chain finance subsidiary, SecurCapital Corp, have joined the Advisory Board of BrickEX, serving as advisors to the ICO founding team.

BrickEX is an open, decentralized, real estate crypto exchange that will target the $217 trillion global real estate market where only 1% of assets are currently traded. BrickEX aggregates real estate on-line by giving access to 3rd party real estate owners so that every owner can list and exchange their real estate asset. Using blockchain, BrickEX tokens, and smart contracts, the platform provides a market among providers and investors (institutional and crowdsourcing) for access to liquidity.

"The BrickEX leadership team has already demonstrated blockchain and crypto success in the fine arts market," said CEO, Steve Russell. "No doubt, BrickEX will be the largest real estate ICO in a growing industry." Added President, Bill Rochfort, "SecurCapital will benefit with all the tangible operating similarities between the global real estate industry and global logistics market. In fact, logistics is one of the largest industries for real estate holdings." SecurCapital provides its commercial, government contractors and logistics clients multiple suites of financial services including securitized factoring, FX, international payments and M&A services.

The SecurCloud Platform ("SCP"), which the Company has developed through the technology available in its Consolidated Payment Gateway ("CPG"), is a fully configurable, "banking-in-a-box" cloud-based platform. The overall design is a "closed proprietary ecosystem" (e.g.., intranet) so that each client has maximum control and security over any internal employees, partners, vendors, and contractors for bilateral payments and improved security."

Bitcoin Services, Inc. BTSC offers services related to cryptocurrency and bitcoin, such as Bitcoin Mining and Blockchain Software Development. Bitcoin mining is the means by which new Bitcoin is brought into circulation, the total of which is to be capped at 21 million BTC. Bitcoin mining serves to both add transactions to the block chain and to release new Bitcoin. The mining process involves compiling recent transactions into blocks and trying to solve a computationally difficult puzzle. Bitcoin Blockchain is the technology backbone of the network and provides a tamper-proof data structure, providing a shared public ledger.

BTCS Inc. BTCS is an early entrant in the Digital Asset market and one of the first U.S. publicly traded companies to be involved with Digital Assets and blockchain technologies. Subject to additional financing, BTCS plans to create a portfolio of digital assets including bitcoin and other "protocol tokens" to provide investors a diversified pure-play exposure to the bitcoin and blockchain industries. BTCS announced on August 21st, that it signed a non-binding Letter of Intent ("LOI") to merge with Blockchain Global Limited ("BCG"), an Australian blockchain company.

Digatrade Financial Corp. DIGAF announced the execution of a technology development contract with No Limits Consulting Limited ANX ANXPRO, ANX Technologies) to develop the Digatrade Mobile Application for iOS & Android.  Digatrade currently offers the following digital assets on the platform: Bitcoin "BTC, Ripple "XRP', Ethereum "ETH", Litecoin "LTC" and Dogecoin "DOGE" with the continued vision to provide our customers a safe, secure and easy to use platform to build and invest into diverse crypto-currency portfolio.

MGT Capital Investments, Inc. MGTI ranks as one of the largest U.S. based Bitcoin miners. Further, the Company continues to execute on an expansion model to grow its crypto assets materially. On February 6, 2018, the company announced that it has executed a new purchase order with Bitmain Technologies for 1,000 S9 Antminer mining rigs, with shipment expected in March 2018. Also, the Company purchased and has received an additional 1,000 new S9 Antminers from a third party. Following shipment and setup, and in conjunction with the Company's current rigs in operation or undergoing deployment, MGT's cryptocurrency mining operations will be comprised of over 7,000 Bitmain S9's plus 50 GPU-based Ethereum miners. The Company expects all rigs announced to date to be operating by the end of the first quarter of 2018, at which point the machines are expected to generate nearly 100 Ph/s of total hash power.

Subscribe Now! Watch us report LIVE https://www.youtube.com/FinancialBuzzMedia

Follow us on Twitter for real time Financial News Updates: https://twitter.com/financialbuzz

Follow and talk to us on Instagram: https://www.instagram.com/financialbuzz

Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz/

About FinancialBuzz.com  

FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR dissemination, branding, marketing and advertising for third parties for corporate news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.

Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the 'Site') is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. Financialbuzz.com has not been compensated directly by any of the companies mentioned here in this editorial. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions, recommendations or bias commentary as we purely incorporate public market information along with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For global payout, inc. financial news dissemination and PR services, FinancialBuzz.com has been compensated four thousand dollars for financial news dissemination and PR services by Cambridge consultants. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or cash payments for financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the editorial or Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this editorial and website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use, please visit: http://www.financialbuzz.com .

For further information:

Media Contact: info@financialbuzz.com , +1-877-601-1879

SOURCE FinancialBuzz.com

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: FintechOpinionPress ReleasesBanking/Financial Services
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!
fintech-banner
Fintech Focus Newsletter

Your update on what’s going on in the Fintech space. Keep up-to-date with news, valuations, mergers, funding, and events. Sign up today!