The Continued Spread of Blockchain Technology is Driving Global Market Growth

NEW YORK, November 28, 2018 /PRNewswire/ --

Blockchain has become increasingly popular among businesses, which are resulting in a major demand for blockchain-related services. Many large corporations, even small businesses, are adopting blockchain to integrate into their businesses. Blockchain can be used in many technology-based applications such as payment services, smart contracts, documentation, digital identity, supply management chains and others. According to data compiled by Meticulous Research, the global blockchain market is projected to reach USD 28.24 Billion by 2025. The market is expected to be driven by the increasing adoption of Backend as a Service (BaaS), increasing merchants accepting cryptocurrency and the growing implementation of blockchain in financial institutions. Blockchain is predominantly being used within ten major sectors: banking, financial services and insurance (BFSI); government; healthcare and life sciences; media and entertainment; retail and e-commerce; travel and hospitality; transportation and logistics; real estate; IT and telecommunication; and others. Netcoins Holdings Inc. GARLF, Cisco Systems, Inc. CSCO, Advanced Micro Devices, Inc. AMD, Hewlett Packard Enterprise Company HPE, Overstock.com, Inc. OSTK

In 2017, banking, financial services and insurance (BFSI) held the largest market share. Within the BFSI sector, payment solutions held the largest share. Blockchain has been heavily used in the payments industry, due to an increasing demand to transfer funds directly and securely to other users as well as to reduce costs of transactions. Payment solutions began to diversify with the prominent rise of cryptocurrency last year. Many businesses have begun to accept cryptocurrency as a form of digital payment due to its distributed ledger, which is backed by blockchain-based technology. "Fintech underwent a revolution of sorts this past year with the rise of crypto assets: Cryptocurrencies like Bitcoin and Ethereum have been dominating financial news outlets, and other applications of blockchain technology are being explored to streamline different elements of finance," said Jonathan Long, Founder of brand development agency, Uber Brands.

Netcoins Holdings Inc. GARLF is listed on the Canadian Securities Exchange under the ticker NETC. Yesterday, the Company announced breaking news, "that it has completed its largest single transaction to date, valued at over CAD $4.5 million.

In July 2018, Netcoins completed its first $1 million day and then first $2 million day in Canada. Netcoins then accomplished a $4 million day in September, again in Canada, while continuing to expand services into the US and globally, including Europe. Netcoins also completed a $2M day earlier in November in European transactions.

'Despite the bear crypto market that is upon us, Netcoins continues to grow our top line transactional revenue number. Q4, to date, is on track to be our best transactional revenue quarter in company history despite the recent market turmoil and Bitcoin price depreciation,' says Netcoins CEO, Mark Binns. 'We have built our business on transactions and volume in the crypto market place, not the value of any underlying crypto asset. Volatility in the market, creating buying and selling volume, supports our business. We look forward to providing more updates as we continue to hit new milestones.'

About the Company: The Company is in the business of developing software to make the purchase and sale of cryptocurrency easily accessible to the mass consumer and investor through brokerage services. Netcoins enables crypto transactions via 171,000+ retail locations globally and an Over-The-Counter (OTC) trading desk."

Cisco Systems, Inc. CSCO is the worldwide technology leader that has been making the Internet work since 1984. As Cisco Systems considers the complexity and vastness of the journey it has been on with blockchain, it's become evident there's still more work to be done at the ecosystem level. Cisco is a big believer in strategic partnerships in the blockchain space - that's why it is the co-founding members of the Trusted IoT Alliance and Hyperledger. Additionally, that's why the Company has joined three more initiatives. Blockchain is but a tool in a big tool chest of technologies, but it's an especially important one because it can be a binding factor to drive transformational change. The Company recently joined three more blockchain initiatives to help further advance research in a number of areas. It was only a matter of time until Cisco joined the Blockchain Research Institute. Founded by Don and Alex Tapscott, the co-authors of the book Blockchain Revolution: How the Technology Behind Bitcoin Is Changing Money, Business, and the World, the Blockchain Research Institute (BRI) is a global think tank that helps organizations realize the promise of the digital economy by researching the strategic implications of blockchain technology and producing practical insights to guide its members in achieving success. "I've long found the research BRI has been doing across all sectors quite compelling. Now Cisco will help contribute to that research and gain access to others' work as well. It's so valuable to share knowledge and insight across industries to strengthen the whole blockchain ecosystem. And this will also help hasten adaptation among our customers and partners, helping them understand what blockchain is (and isn't) and realize its business value," said Anoop Nannra, Senior Leader and Head of Cisco's Blockchain Initiative.

Advanced Micro Devices, Inc. AMD, for more than 45 years, has driven innovation in high-performance computing, graphics and visualization technologies - the building blocks for gaming, immersive platforms and the datacenter. AMD recently announced revenue for the third quarter of 2018 of USD 1.65 Billion, operating income of USD 150 Million, net income of USD 102 Million and diluted earnings per share of USD 0.09. On a non-GAAP basis, operating income was USD 186 Million, net income was USD 150 Million and diluted earnings per share was USD 0.13. Computing and Graphics segment revenue was USD 938 Million, up 12% year-over-year and down 14% quarter-over-quarter. Year-over-year revenue growth was primarily driven by strong sales of Ryzen desktop and mobile products, partially offset by lower graphics revenue. Blockchain-related GPU sales in the third quarter were negligible. In the third quarter of 2017, blockchain-related GPU sales were approximately high single digit percentage of total AMD revenue. The quarter-over-quarter decline was due to significantly lower graphics revenue driven by high channel inventory, partially offset by higher Ryzen processor revenue. "We delivered our fifth straight quarter of year-over-year revenue and net income growth driven largely by the accelerated adoption of our Ryzen, EPYC and datacenter graphics products," said Dr. Lisa Su, AMD President and Chief Executive Officer. "Client and server processor sales increased significantly although graphics channel sales were lower in the quarter. Looking forward, we believe we are well positioned for further market share gains as we continue making significant progress towards our long-term financial targets."

Hewlett Packard Enterprise Company HPE helps customers use technology to slash the time it takes to turn ideas into value. Hewlett Packard Enterprise recently announced that it plans to invest USD 4 Billion in Intelligent Edge technologies and services over the next four years. This strategic organic investment will be focused on helping customers turn all of their data - from every edge to any cloud - into intelligence that drives seamless interactions between people and things, delivers personalized user experiences, and employs AI and machine learning to continuously adapt to changes in real time. For example, Aruba and HPE Pointnext services are helping Gatwick Airport achieve its goal of becoming the most technologically advanced airport in the world. HPE's Edge systems are helping Texmark create the refinery of the future which will make the manufacturing of chemicals safer and more efficient, and helping Streamr grow their marketplace for data monetization by collecting and storing data from an individual car on a blockchain, ultimately giving control of the data to the driver. "Data is the new intellectual property, and companies that can distill intelligence from their data -whether in a smart hospital or an autonomous car-will be the ones to lead," said Antonio Neri, President and Chief Executive Officer, HPE. "HPE has been at the forefront of developing technologies and services for the Intelligent Edge, and with this investment, we are accelerating our ability to drive this growing category for the future."

Overstock.com, Inc. OSTK is an online retailer based in Salt Lake City, Utah that sells a broad range of products at low prices, including furniture, décor, rugs, bedding, and home improvement. Overstock.com, Inc. recently announced that its blockchain-meets-property rights subsidiary, Medici Land Governance, has signed its second Memorandum of Understanding (MOU) with an African nation to develop a blockchain-based platform to manage land governance and property rights. This latest MOU has been signed with the Rwanda Land Management and Use Authority (RLMUA) and the Rwanda Information Society Authority (RISA) to implement Medici Land Governance's technology to move Rwanda to a paperless, secure, corruption-proof, blockchain-based system of land governance. Medici Land Governance (MLG) will help Rwanda's government incorporate blockchain and other technologies into its existing systems, developing a paperless system that relies on electronic signatures and digital lodging of surveys for the administrative processes that affect land rights and transfers. This system will facilitate increased direct interaction among government entities and private landowners, utilizing the decentralized and distributed blockchain to ensure secure transfer of assets and records. "This agreement with the Rwandan government creates an outstanding opportunity to show how blockchain can be used to lift people out of poverty," said Dr. Patrick M. Byrne, Chairman of Medici Land Governance and founder and Chief Executive Officer of parent company, Overstock.com. "Rwanda has made tremendous progress in standardizing land claims by maintaining a land registry that eases the process of doing business in Rwanda. I believe solving that problem will trigger a cascade of positive developments: so much capital will be liberated into the hands of the poor, and they will lift themselves out of poverty. We look forward to bringing the benefits of blockchain to the poor across Africa and the globe."

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. 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 netcoins holdings inc. financial and corporate news dissemination, FinancialBuzz.com has been compensated five thousand dollars by the company. 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

Url: http://www.FinancialBuzz.com

SOURCE FinancialBuzz.com