THELOGICALINDIAN - Kodak and Long Island Iced Tea accept both been criticised afresh for bedlam pivots appear the blockchain to allure feverish cryptocurrency investors But can you accusation them back shares for the above rose as abundant as 90 afterwards announcement their new KodakCoin and the closing shareprice acicular 289 afterwards alteration their name to Long Blockchain Corporation
Consequently, a cacophony of warnings about the dangers of advance in cryptocurrencies has arisen as similarities amid the dotcom balloon and crypto-mania become added apparent. But do they really? Or is there added actuality to those account than contemptuous haters are accommodating to admit?
Well… It depends.
Loony pivots appear the blockchain, which accommodate no acknowledgment to investors, will action as continued as (retail) investors accede cryptocurrency and blockchain ‘buzzwords’. But, these companies should be adequately accessible to identify. In short, beware of companies radically alive their business archetypal and/or alteration their name.
But abacus blockchain technology to absolute tech business’ (‘old tech’) or alike “old economy” business’ can be a fundamentally acute move. Better to admit the confusing attributes of blockchain and adjudge to become the disrupter, rather than the disrupted. Many of these companies accept a abundant befalling to actualize arch cryptocurrencies and ecosystems, by accumulation acquaintance and absolute revenues with blockchain vision.
A absolute example: JDC Group (Bloomberg: A8A.GR), the better transaction “machine” for alternate funds and allowance articles in the German-speaking banking and allowance market, is about to join the blockchain movement.
JDC Group already today is a technology powerhouse. Embracing blockchain is the analytic abutting footfall for a aggregation that already has the best accepted agenda allowance wallet in Germany. Moreover, booty abundance in the ability that JDC has cogent banking abyss to accomplish this footfall successful. Estimates for 2024 are about 110 Million Euros acquirement and pre-tax balance of 8 Million Euros. Furthermore, actuality able to recruit brainy Google managers to their lath should not be overlooked.
As they are the better banking sales force in Europe (16,000 absolute banking advisors, 1.4 actor absolute retail clients), they should be calmly able to accouter all their audience with a crypto wallet and some JDC coins. Overnight they will become the better crypto-wallet provider in Germany. Armed with avant-garde allowance products, congenital on cutting-edge blockchain technology, JDC acquirement could acceleration to 200 actor Euros and balance to 20 Actor Euros till 2020, analysts predict.
Companies like JDC action an accomplished befalling to accumulation from the cryptocurrency boom, abnormally to bazaar participants prevented from affairs cryptocurrencies directly, for example, alternate funds, or to investors who acquisition the action of purchasing a cryptocurrency bulky and complicated. Blockchain is the better advance befalling back the broad-scale addition of the internet 20 years ago. In the abutting 5 years, we will see the Google, Amazon, and Facebook of the crypto apple and we all accept the adventitious to be a allotment of it.
How big will the blockchain industry get and who will be the above players? Let us apperceive what you anticipate in the comments below.
Images address of AdobeStock, JDC Group
