Everyone has heard of blockchain but most consider that it is synonymous with cryptocurrencies, especially Bitcoin.
Since the rise and fall of cryptocurrencies with Bitcoin trading at $3,588.38 (at the date this article was written) from a high of $19,783.21 in December 2017, one might consider Bitcoin and hence blockchain is dead or of little relevance.
This could not be further from the truth.
Blockchain technology has far more applications that are being researched and exploited.
This week HSBC has claimed to have settled three million foreign exchange transactions and made payments worth $250 billion using blockchain technology.
Blockchain is certainly not limited to facilitate financial transactions. The technology is being applied for uses in the logistics industry, to develop a decentralised internet, for real estate transactions and more.
Although crytocurrencies may have not been the best of investments at the end of 2017, investment opportunities in companies developing innovative solutions using blockchain might be very rewarding in the coming years.
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