Market Overview

Data Shows the Growth in Value of Blockchain Markets


NEW YORK, March 15, 2018 /PRNewswire/ -- News Commentary 

According to a report from Transparency Market Research, the global blockchain technology market was valued at $315.9M in 2015 and is expected to reach $20 billion by 2024, while growing at a compound annual growth rate of 58.7 percent. Increasing number of institutions and organizations adopting blockchain technology are one of the factors that drive the market. Binance, one of the largest cryptocurrency exchanges by trading volume, announced this week the launch and development of the Binance Chain, a public blockchain that will focus on the transfer and trading of blockchain assets, as well as provide new possibilities for the future flow of blockchain assets. DMG Blockchain Solutions Inc. (OTC: DMGGF), Marathon Patent Group, Inc. (NASDAQ: MARA), Acacia Research Corporation (NASDAQ: ACTG), Block One Capital Inc. (OTC: BKPPF), NXT-ID, Inc. (NASDAQ: NXTD)

A research by Zion Market Research explains the growth factors for blockchain market, "The global blockchain market is witnessing an accelerated growth owing to the facility of the rapid transaction, growing influence of cryptocurrency capital, utilization of blockchain as a service, simplified and transparent business process, and a decline in the ownership cost. On the other hand, drastic change in supply chain management and international trade, the latest development of programmable blockchain platforms, growing numbers in terms of blockchain adoption for digital identities, payments, smart contracts, and growing importance for communications service providers has created some major opportunities for the global blockchain market."

DMG Blockchain Solutions Inc. (OTC: DMGGF) also listed on the TSX Venture Exchange under the ticker (TSX-V: DMGI). Just earlier today the company announced breaking news that, "their joint initiative to study and improve power quality for crypto mining. The goal of this collaboration is to analyze electrical characteristics and requirements for large scale crypto mining operations. Company COO Sheldon Bennett commented, "Recently we announced a best-in-class partnership with D-Link for switching and routing for our crypto mining operations and this week we announce a best-in-class partnership with Primary for infrastructure and power management.  This Phase 1 report will translate into significant savings for DMG in power infrastructure costs, as our power providers will have a better understanding of our needs.  Essentially, it will make it easier for the utilities' industry to work with us which is yet another market leading initiative."

Phase 1 of the study has been completed - The results of Phase 1 served as key inputs for the system impact study conducted by the local grid operator.  Anthony Bowers, Specialist Engineer - Primary, commented, "As crypto mining facilities are new to utility companies, using regular industrial load assumptions can have significant implications; it's great to see DMG has set out to ensure the right data was made available to ensure a smooth interconnection process." DMG has agreed to allow Primary to use the results of the studies as the basis for Primary's upcoming submission to the Institute of Electrical and Electronics Engineers (IEEE) for consideration at an upcoming conference.

Phase 2 of the study is underway - Phase 2 of the study will expand the sample size from the original test system to a larger production system.  This allows greater focus on optimizing the actual power system design for crypto mining, including measuring the larger scale system (multi-megawatt) energy consumption, peak kilowatt demand, power factor and system harmonics.  The effect of harmonics is relatively unknown in the crypto mining community.  As such harmonics are of particular interest to DMG as they can interfere with the continuous operation of the crypto mining units.

Sheldon Bennett, COO of DMG, commented, "This partnership with Primary and their ability to quickly understand our power needs would have been advantageous when I was building my first 58 megawatts in Alberta; however with Primary's insight DMG's current facility (designed for up to 85 megawatts) will benefit from this information as well as the upcoming plans for DMG's next build-outs, which are in the 100s of megawatts.""

Marathon Patent Group, Inc. (NASDAQ: MARA) is formerly an IP licensing company. Following the acquisition of GBV, the combined company will focus on the development of GBV's new business involving the blockchain ecosystem and generation of digital assets. GBV is focused on mining digital assets and intends to add specialized computer equipment and plans to expand its activities to mine new digital assets. Recently, the company announced that it has commenced bitcoin mining at its new facility in Quebec. On February 8, 2018, the Company announced it had purchased 1,400 Bitmain Antminer S9 miners and on February 15, 2018 the company announced it had leased 26,700 square feet of data center space in Quebec, Canada. The Company is pleased to announce the completion of its installation and the commencement of operations which are expected to utilize approximately 2.0 MW and deliver approximately 19 Ph/s of ASIC mining capacity. The Antminer S9s are presently mining Bitcoin, but are able to mine other digital assets/cryptocurrency using the SHA256 algorithm.

Acacia Research Corporation (NASDAQ: ACTG) announced in February that it has entered into a Joint Venture and Services Agreement with Bitzumi, Inc, a company developing macro opportunities in the cryptocurrency and blockchain industries, including a next generation decentralized exchange. Acacia's investment in Bitzumi represents Acacia's first investment into the cryptocurrency and blockchain marketplaces. Bitzumi is a digital content and asset platform that plans to enable users to transact in the cryptocurrency and blockchain marketplace. Bitzumi model is to develop a next generation decentralized exchange while simultaneously developing and acquiring the largest network of crypto and blockchain related digital properties.

Block One Capital Inc. (OTCQB: BKPPF) is an investment company focused on high growth opportunities in the blockchain and digital currency mining sector. Recently, the company announced that its investee company: TG12 Ventures Inc. ("TG12") has commenced mining Bitcoin. After a comprehensive review of the original site in Montreal selected for co-location, TG12 chose to co-locate the mining operation in Montana. The primary factors that led to the change were operational and cost efficiency - the contracted cost of power in Montana will be USD $0.031 per kwH. Furthermore, the facility in Montana has four times more air circulation space allowing for cooler room temperatures, thereby improving the miner's overall efficiency and allowing for significant future scalability.TG12 was able to have the shipment of the miners rerouted to the Montana location ensuring that a setback in commencing mining of Bitcoin did not occur.

NXT-ID, Inc. (NASDAQ: NXTD) provides a comprehensive platform of technology products and services that enable the Internet of Things (IoT). On February 22, 2018, the company announced that it is now accepting pre-orders for Flip™, a new contactless payment device that will enable cryptocurrency holders to use the value of their currency to make purchases at millions of retail locations. The new device uses value exchanged from cryptocurrency to make traditional payment transactions. Flip's near field communication (NFC) antenna allows it to transact payments at any retail point of sale location that accepts contactless payments. Flip will store a preloaded amount of U.S. dollars that are exchanged from the user's existing cryptocurrency account. It includes a digital wallet that allows the user to set how much value they would like their Flip to hold and when they would like it to reload. Flip does not need to be charged. Initially, Flip will accept value exchanged from Bitcoin and will potentially expand to other cryptocurrencies in the future.

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