We all need to reinforce our beliefs once in a while. Especially when we have money on the line. So, I did a quick review of Blockchain and some of the companies involved with Blockchain.
I looked at company participants to see if or what they had publicly said about their involvement in Blockchain. Before I do that, I would like to expand on the LOTM approach to Blockchain and Crypto.
- Blockchain is a software code commonly addressed as a decentralized ledger.
- Crypto is an application of a specific Blockchain software and has a public value attached to that application.
- Software in and of itself has little value unless the software application has a useful purpose.
- The greatest value accrues to a Blockchain Software Application but even more to the company that best applies that Blockchain code.
Therefore, LOTM looks at companies that use and apply blockchain software. These companies include the giants like Mastercard, Visa, IBM, JP Morgan as well as a multitude of new and smaller companies.
Here are some interesting links in helping establish the fact that Blockchain software applications are here to stay.
5 uses of Blockchain tech in banking sector
- Raising funds for new companies
- Faster transfer of payments
- Settlement and clearance – SWIFT – Banks and Brokers
- Import / export trade financing
- Loans and Credits
- Greater Transparency
- Enhanced Security
- Increased efficiency and speed
- Automation
- Blockchain benefits in supply chains and food chains
- Banking and financial industry blockchain benefits
- Healthcare blockchain benefits
- Pharmaceutical blockchain benefits
- Insurance blockchain benefits
KPMG: Blockchain and the future of Finance
- Eight page PDF on Blockchain and its applications in Finance. Excellent and easy to understand
Mastercard: Why Mastercard is bringing crypto onto its network
- We (Mastercard) are seeing this fact play out on the Mastercard network, with people using cards to buy crypto assets, especially during Bitcoin’s recent surge in value. We are also seeing users increasingly take advantage of crypto cards to access these assets and convert them to traditional currencies for spending. To be clear, this data is not of any individuals — it’s anonymized and in aggregate — but the trend is unmistakable. We are preparing right now for the future of crypto and payments, announcing that this year Mastercard will start supporting select cryptocurrencies directly on our network. This is a big change that will require a lot of work. We will be very thoughtful about which assets we support based on our principles for digital currencies, which focus on consumer protections and compliance.
- Google Pay transactions
- Collaborating with Crypto Exchange
- Launching a Blockchain on Google Cloud
The Next Step for Blockchain – J.P. Morgan
- Cryptocurrencies have attracted widespread market attention, but it’s the underlying blockchain technology that really matters. Over the past year, significant progress has been made in moving blockchain beyond experimentation to use in payments, smart contracts, record keeping and decentralized applications. Its expansion comes as mainstream institutional cryptocurrency acceptance remains challenged, with the crypto market falling from an all-time market value peak of $800 billion at the beginning of 2018 to around $125 billion in Q1 of 2019. In this report (Opens Overlay), J.P. Morgan Research evaluates the latest developments in blockchain implementation and obstacles that lie ahead.
- JPMorgan Sees ‘Significant Upside’ to Bitcoin — Replaces Real Estate With Crypto as ‘Preferred Alternative Asset
From the LOTM perspective the Blockchain revolution will unfold over the next two decades. Individual Crypto values will rise and fall, appear and disappear. Companies that use Blockchain can plug and play different crypto (software) application and have a high degree for survival and success than the coins themselves. Hence our focus is on companies than use the applications presented by blockchain technology.
Th future is very exciting and full of positive but disruptive change. Let’s do this change in a way that creates greater net worth for us as individuals for a better world for all.
Written by Tom Linzmeier, May 27, 2022. Editor LOTM
LOTM Research & Consulting Service
* An account related to LOTM holds a position in this security.
Neither LOTM nor Tom Linzmeier is a Registered Investment Advisor.
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