Why Enterprise Blockchain Investing Is a Big Deal Right Now - Developers, Designers & Freelancers - FreelancingGig (2024)

“Bitcoin has the same character a fax machine had. A single fax machine is a doorstop. The world where everyone has a fax machine is an immensely valuable thing.”Larry Summers, Former US Secretary of the Treasury

We are already living in a world that runs on information — and whoever has the best access to data pulls the strings that define their own and others’ future.

However, blockchain technology represents the dawn of a new era — one where data is free of manipulation and resources are accessible to all.

As a shared, immutable ledger that facilitates the process of recording transactions and tracking assets on a distributed network, blockchain in the enterprise environment is an especially exciting prospect. Why?

Big Companies Jumping on the Blockchain Bandwagon

Throughout 2020 and early 2021, we’ve had the opportunity to witness a number of high-profile companies — leaders in their respective industries — abandoning the notion that blockchain is a fad.

As a result, they have invested billions of dollars in bitcoin and other cryptocurrencies in an attempt to monetize their investment in the long run. This, in turn, has started the avalanche of enterprise blockchain adoption resulting in a steady coin price increase several times over.

But it’s not all about the big picture.

As stated in a Forbes article, investors who want to make money on blockchain, need to invest in the companies that are both earning revenues from it today and building the systems that might make for a new revenue stream in the future. It’s a combination of long-term bets and very short-term ones, too.

That is why enterprise adoption of blockchain is on the rise.

Everyone wants a piece of the cake. But how to get it? And is such expeditious growth sustainable?

Stock Options and Blockchain

Knowing what we know about blockchain right now, it’s evident that the opinion of stock market participants on the matter is changing for the better.

As the list of the technology’s practical applications expands — from facilitating and recording financial transactions to storing all sorts of data, such as medical information or property records — a new buzzword has emerged in the investment world: blockchain stock.

And its implication is clear — enterprise blockchain’s potential is enormous.

Not only is the industry as a whole shifting, changing, and evolving in a positively revolutionary way, but its popularity is reflected in the stock market. A single mention of introducing blockchain can send a company’s shares soaring, not to mention fortifying its balance sheet.

There are even lists emerging where companies’ investment prospects are evaluated based on their blockchain connections, implementation process, and overall potential. So with due diligence completed on any of these companies, the only question that remains is how to invest safely.

Why Enterprise Blockchain Investing Is a Big Deal Right Now - Developers, Designers & Freelancers - FreelancingGig (1)

Source: https://101blockchains.com/companies-investing-in-blockchain/

How to Invest

When it comes to investing in blockchain in the enterprise setting, there are several options to choose from:

  1. Stocks
  2. Exchange-traded funds (ETFs)
  3. Crowdfunding.

Investing in blockchain technology is easiest via the stock market. There is a good number of companies that have already had their initial public offering (IPO). Thus, their stocks are available to purchase on stock exchanges and over-the-counter markets.

On the other hand, ETFs provide access to funds actively investing in blockchain companies and are highly profitable especially for investors who are seeking high market returns without risking the potential downside of individual stocks.

Finally, enterprise blockchain crowdfunding networks are also a very popular option as of late. They allow startups to create their own digital currencies and then gather funding through their sale.

One such platform is Republic — a leading online investment platform for individual investors across a wide range of asset classes. These include early- and late-stage technology companies, video games, cryptocurrencies, real estate, and “Main Street” businesses.

Each option sounds interesting for enterprise blockchain adoption, but some take things to the next level.

For instance, through one of the platform’s branches, Republic Realm, companies and individuals alike have the opportunity to invest in digital real estate — in virtual worlds — and claim ownership over them in the form of NFTs.

This new market is at the intersection of emerging technology that is virtual reality and blockchain. Moreover, it provides the opportunity for developers, investors, and hobbyists to create a vibrant digital real estate market, and maximize value in due course.

But how to join? You need highly functional and reliable blockchain enterprise asset management tools.

Advanced Investment Tools

Anyone who is interested in buying now and reaping the benefits later should be on the lookout for the best way to go about it. Finding the right tool is instrumental.

This includes serious considerations of the technology’s data security and privacy, but also the ease of use. As those conditions are met in the eyes of the rigorous enterprise blockchain user, the next criterion to satisfy is information sharing and overall visibility over company funds and transactions.

But how to share sensitive company data without compromising it?

The conundrum between privacy and easy information sharing is truly one for the books. But there are those already working on resolving it.

One of the companies paving the way for mass user and enterprise blockchain adoption is AIKON.

Utilizing blockchain to secure data, AIKON’s blockchain authentication system ORE ID and enterprise-grade multisig crypto wallet ORE Vault provide a clear and safe gateway into the blockchain-verse.

Companies looking to tick all the boxes mentioned above can rest assured that ORE Vault provides easy access to funds on multiple blockchains directly from the app and without data disclosure to third parties.

At the same time, company financials can be easily managed with complete transparency and no blockchain-innate complexity via a clear and easy-to-interact-with interface and a fully automated notification and authorization system.

Tracking your enterprise ethereum — its blockchain location, when, and how it’s traveling — has never been as straightforward as with ORE Vault.

Furthermore, via the shared wallet feature, companies are in the position to create separate wallets for all their departments and grant differing policies accordingly.

And best of all, the funds are safe simply because they are always with you. As a non-custodial wallet, ORE Vault allows the owner to be in full control over the private keys and digital assets at all times. This can also prove to be useful against any rogue current or former employees.

By all accounts, enterprise blockchain adoption is knocking loudly, and companies like AIKON are here to make it all happen.

Are you ready to join?

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Why Enterprise Blockchain Investing Is a Big Deal Right Now - Developers, Designers & Freelancers - FreelancingGig (2024)

FAQs

Why are companies investing in blockchain? ›

Many established tech companies are investing heavily in blockchain and distributed ledger technology applications. Cryptocurrencies are part of blockchain technology designed for transferring value; investors are also using them to store value, hedge other investments, and hold them for growth.

What is the use of enterprise blockchain? ›

Data flows between businesses, suppliers, financieres, insurance companies, public entities, etc. and creates a mutual dependence. Enterprise blockchain, in its essence, is a shared, trusted, record of information held to a group of companies and selected third parties to inspect, but which no central user controls.

How does enterprise blockchain technology reduce business cost? ›

Financial Services. In banking and finance, blockchain enterprise facilitates faster transactions by reducing the need for intermediaries, which can slow down processes and add costs.

How does blockchain help businesses? ›

By digitizing and automating paperwork across supply chains, IBM Blockchain helps better manage documents across organizations and borders. Including, shippers, ports, customs services, logistics providers, banks, insurers, and others, all in real time and with absolute precision.

Why is blockchain a big deal? ›

Without blockchain, each organization has to keep a separate database. Because blockchain uses a distributed ledger, it records transactions and data identically in multiple locations. All network participants with permissioned access see the same information at the same time, providing full transparency.

Why should you invest in blockchain development? ›

It's termed as blockchain because it collects information in blocks that are encrypted and linked to other sets of blocks, like in cryptocurrencies. But it's not only for money, blockchain can also store information in a way that is unchangeable, making it useful for many industries.

What is the use of blockchain in finance industry? ›

Blockchain can streamline banking and lending services, reducing counterparty risk, and decreasing issuance and settlement times. It allows: Authenticated documentation and KYC/AML data, reducing operational risks and enabling real-time verification of financial documents.

What are the key features required for enterprise blockchains? ›

Blockchain for Enterprise: Use Cases, Features, Platforms and Potential Challenges
  • Decentralization.
  • Immutability.
  • Transparency.
  • Smart Contracts.
  • Interoperability.
  • Consensus Mechanisms.
Jan 31, 2024

What can an IT leader use enterprise blockchain? ›

Advantages. A key advantage of implementing enterprise blockchain is that it can offer better security through its utilization of cryptographic methods and its decentralized nature. It provides a high level of transparency.

How is enterprise blockchain disrupting the businesses? ›

Like the Internet, blockchain is projected to be the cornerstone of new types of business and social interaction. It is already affecting these, through its decentralized architecture, trustless and permissionless systems, smart contracts, as well as data, privacy, and information management.

How blockchain is changing business? ›

Blockchain allows faster and more outstanding value-effective go-border transactions by eliminating the want for multiple intermediaries. In the ever-evolving landscape of technology, blockchain has emerged as a recreation-changer, revolutionizing traditional enterprise processes across diverse industries.

What problems does blockchain solve? ›

Security. Overall, blockchain technology can eliminate insider and cybersecurity threats within organizations. This can greatly reduce the risk of a database leak since ledger entries can only be accessed by authorized employees.

Which industry will benefit most from blockchain? ›

  • Real Estate. ...
  • Travel And Mobility. ...
  • Banking And Finance. ...
  • Shipping And Logistics. ...
  • Government Operations. ...
  • Healthcare. ...
  • Product Development. ...
  • Higher Education. Higher education can greatly benefit from blockchain technology for credentialing.
Jun 10, 2022

What are the main benefits of blockchain? ›

Blockchain creates an unalterable record of transactions with end-to-end encryption to shut out fraud and unauthorized activity. Additionally, data on the blockchain is stored across a network of computers, making it nearly impossible to hack, unlike conventional systems that store one copy of the data on servers.

Why are big companies investing in Bitcoin? ›

Because Bitcoin has a fixed supply of currency, these investors see cryptocurrency as an asset that could protect them against inflation and currency debasem*nt.

Why are firms working with blockchain platforms? ›

Collaborative technology, such as blockchain, proclaims the ability to improve the business processes that occur between companies, radically lowering the “cost of trust.” For this reason, it may offer significantly higher returns for each investment dollar spent than most traditional internal investments.

Why are banks investing in blockchain? ›

The Future of Blockchain in the Banking Industry

The technology can help banks reduce their operational costs, save transaction and settlement-related costs, and ensure security.

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