Real Time Business Transactions are Driving Blockchain Growth

Real Time Business Transactions are Driving Blockchain Growth

Cryptocurrency Blockchain

Real Time Business Transactions are Driving Blockchain Growth

Real Time Business Transactions are Driving Blockchain Growth


Blockchain Growth Data compiled by the Market Reports Center demonstrates that the global market for blockchain was at USD 708 Million in 2017 is anticipated to reach USD 60.7 Billion in 2024. IBM and Microsoft are driving a driving force behind the blockchain as their clients are making the transition to cloud services. The report indicates that blockchain is a type of distributed ledger system providing enhanced security to the real time digital economic process. Blockchain is comprised of blocks of digitally recorded data. The technology moves into rapid growth mode as the digital economy takes hold. Banks and other players of the financial industry move into the modern age of real time transaction processing, and blockchain is an important solution. Inc. (OTC: CIIX), NXT-ID Inc. (NASDAQ: NXTD), HIVE Blockchain Technologies Ltd. (OTC: HVBTF), Tapinator Inc. (OTC: TAPM), AppSwarm (OTC: SWRM)

According to a report published by MarketsandMarkets, the blockchain market is divided into several applications, including smart contracts application, identity management and fraud detection applications as well as payment application. The smart contracts application is expected to have the largest share in the blockchain insurance market in 2018, as blockchain technology helps reduce the cost of verification, execution, arbitration, and fraud prevention. Identity management and fraud detection is projected to generate the highest revenue by 2023, while payment application is expected to witness the fastest growth rate in the market, due to the reduced risks, improved efficiency, and transparency in payment systems. Inc. (OTCQB: CIIX) recently announced the, "official launch of its new cryptocurrency trading courses offered through its newly established Bitcoin Trading Academy LLC. The Company officially launched the following three-part course offering on July 7th, 2018:

Bitcoin Trading 101: Students are provided with a basic knowledge about Bitcoin including how to open and trade on different cryptocurrency trading platforms, how to set up a cryptocurrency wallet, futures trading strategies, both long and short, how to use Bitcoin Futures to properly hedge one's Bitcoin portfolio, and how to properly use beginner-friendly trading techniques.

Bitcoin Trading 201: The second course in the program focuses on coins such as Ethereum, including coins with significant underlying technology such as EOS, XLM, ADA and NEO, and altcoin trading platforms, such as Binance and Bittrex. In addition, this course will provide instruction on how to use information such as a coin's underlying utility, current industry and sector news in combination with technical analysis in an effort to maximize returns; and effectively scrutinize and understand social media feeds.

Bitcoin Trading 301: Professional ICO analysts will teach students what to look for when vetting a new cryptocurrency offering, including how to read a white paper, analyze the professional teams and advisory boards associated with an offering, the role that technology, marketing, trends play and what pitfalls to avoid.

"We are pleased with the turn out for the first live course offerings in New York City and we expect even better attendance once the word spreads about this innovative cryptocurrency education opportunity. Courses are also offered online in English and Chinese. In addition, the Company plans to expand its live course offerings to Asia in the coming months," says Inc. CEO, Warren Wang."

NXT-ID Inc. (NASDAQ: NXTD) provides a comprehensive platform of technology products and services that enable the Internet of Things (IoT). Earlier this month, the Company announced a co-marketing agreement with rapper, record producer and entrepreneur Wesley Eric Weston, Jr., better known as Lil' Flip aka 'Flip Gate$'. Under the agreement, Lil' Flip and FitPay will collaborate to market a contactless payment device that allows Bitcoin holders to make contactless payments in millions of retail locations with value exchanged from their cryptocurrency. The device, which will include artwork designed by Lil' Flip and carry his branding, leverages the FitPay® Bitcoin Exchange and payment Token Requestor platforms. The coin-shaped device will store a preloaded amount of U.S. Dollars that are exchanged from the user's existing Bitcoin account and has a digital wallet that allows users to set how much value they would like their device to hold and when they would like it to reload. It includes near field communication (NFC) antenna allowing users to tap and pay at any retail point of sale location that accepts contactless payments. The artwork on the device will be designed by Lil' Flip and reflect his branding.

HIVE Blockchain Technologies Ltd. (OTC: HVBTF) is a growth oriented, TSX.V-listed company building a bridge from the blockchain sector to traditional capital markets. The Company recently announced its results for the fourth quarter and full year ended March 31st, 2018. 2018 fiscal year highlights include: Generated revenues of USD 13,081,395, with a gross mining margin [1] of USD 10,139,931, from mining of digital currencies; Mined over 17,000 newly minted Ethereum and 54,000 Ethereum Classic coins during the year ended March 31st, 2018, including fourth quarter production of 9,800 Ethereum and 34,000 Ethereum Classic coins representing an increase of 136% and 170%, respectively over third quarter production; Raised gross proceeds of USD 160 Million (CAD 203 Million) of growth capital during the year to finance rapid expansion and future growth opportunities and investments; Expanded operations with Genesis dedicated to GPU-based digital currencies such as Ethereum and Ethereum Classic in Sweden and Iceland, with a total of 17.4 megawatts ("MW") in production at March 31st, 2018 and a further 6.8 MW commencing production after March 31st, 2018. "It has been a transformational year for the Company as we have grown from a 2.0 MW facility in Iceland to a company with more than 24 MW of operations to date and digital currency mining assets in three countries." said Harry Pokrandt, President and Chief Executive Officer.

Tapinator Inc. (OTCQB: TAPM) develops and publishes mobile games and applications on the iOS, Google Play and Amazon platforms. The Company recently provided a general product line update and an overview of recent and upcoming product launches. The Company continues to have significant conviction regarding its Full-Featured Games and Applications business. Tapinator's goal for its Full-Featured business is to create franchise-type products that are evergreen in nature. In order to accomplish this goal, the Company understands the need to develop products that achieve customer lifetime values (LTVs) that exceed the customer acquisition cost, at scale. The Company has been able to achieve this, at certain download volumes, for two products: Video Poker Classic and Solitaire Dash. Tapinator believes that, in 2018, it will be able to improve core metrics and scale both of these games via marketing, as well as launch new products that can join Video Poker Classic and Solitaire Dash as Forever Franchises. The Company's Full-Featured product pipeline highlights include: Solitaire Dash 2.0 (released on iOS June 14, 2018) and Dice Mage Duel (scheduled for release September 2018). In January of this year, the Company announced the creation of a new subsidiary to develop and publish distributed apps and games that leverage blockchain technology. Since then, the Company has launched two fully functioning products, Dark Winds and BitPainting.

AppSwarm (OTC: SWRM) is a technology company specializing in the accelerated development and publishing of mobile apps and other software platforms for gaming and business applications and seeks to acquire symmetric business opportunities. The Company recently provided an update on current projects under development, and course of action for future funding. AppSwarm has formed a strategic partnership with SinglePoint (OTCQB: SING) to develop a delivery tracking platform for the emerging cannabis industry. The application will assist in tracking deliveries through the Company's mobile GPS platform, and provide background security and transparency for drivers and companies alike. AppSwarm has also formed a strategic relationship once again with SinglePoint for the development of a Bitcoin digital wallet, which will be marketed in TV commercials throughout the United States, staring former Shark Tank host Kevin Harrington. AppSwarm has formed a strategic partnership with New York based AI VentureTech Inc. to assist in developing next generation mobile applications off a new cloud platform being developed by a 4G and pre 5G broadband provider. This is a major longer-term project as it opens the door for AppSwarm to develop applications in the areas of drone and driverless car tracking, Internet of Things (IoT) and Smart Homes, AI enabled mobile apps for intelligent phones, and high end Virtual Reality games and entertainment. The Company's sports betting app, The Mad Gambler, is in its final phase of development. In addition to its use in cannabis delivery, AppSwarm will also embark on developing a strategic partnership with a logistical or retail chain name to leverage this platforms technology as a last mile delivery solution for the right partner.

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