“Operating costs of human-enforced systems are inefficiencies that hamper down the whole system.”
~ Aleksander Bulkin ~
According to Shin (2018), the world is experiencing a shift in business model, from ‘database-managed by someone’ to platforms run by everyone, the so-called peer-to-peer platform. It is firstly important to understand the concept of Blockchain technology and how it operates enabling trust seamlessly. According to The Economist (2016) the Blockchain technology has three essential qualities: it is shared – it is public – it is trusted.
As stated by the Center for International Governance Innovation (CIGIonline.com, 2018), blockchain can be modified in various ways to fit different needs because it is a technology and not a single network. In the ‘strategic framework’ article posted by the Mercator Advisory Group (2016), Blockchain is categorized as a breakthrough technology that delivers trust and transparency across participants in an efficient way.
Mercator continues to state that this same technology however enables constrained performance in ways that are not yet fully recognized or agreed-upon, this in part because the technology needs continuous modification and refinements in efforts to tune its operation and purpose at hand, because the technology is still so new.
Shin states that the Blockchain technology, even though in early stages of development, seems to have endless forms of applications, furthermore firms pursuing this technology include no other than IBM, Microsoft, Nasdaq, VISA and shipping giant Maersk to name a few.
While the first obvious applications are financially related, it can also solve problems and create opportunities in healthcare, defense, supply chain management, luxury goods, government, and other industries. Shin (2018) also suggests that in more advanced stages, the technology could eliminate all kinds of middleman, and give rise to what Gartner calls “the programmable economy”, where to some extent companies could operate by the means of artificial intelligence rather than the control of a centralized entity.
HIVE BLOCKCHAIN TECHNOLOGIES
HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) is building a bridge from the blockchain sector to traditional capital markets. HIVE is strategically partnered with Genesis Mining Ltd., the world's largest cloud mining company, to build the next generation of blockchain infrastructure. HIVE currently operates a total of four facilities (two in Iceland and two in Sweden) and are currently working on an additional two facilities in Sweden. Our facilties are capable of mining cryptocurrencies, like Ethereum, around the clock and will add our first Bitcoin mining facility by September 2018.
Coinsilium (TSX.V:CINGF) is a venture builder, investor and advisor, supporting early-stage blockchain technology companies and the digital token economy. As the first global blockchain accelerator to IPO in 2015, Coinsilium has harnessed its experience and wide-ranging network to advise leading blockchain-based projects around the world.
Global Arena Holding, Inc. trades on the OTC Pink Sheets under the ticker symbol GAHC. The Company has been publicly traded since 2011 and holds a number of interests, including Global Elections Services, Inc. and GAHI Acquisition Corp. The Company focuses on acquiring technologies, patents and companies having the ability to leverage blockchain technology for Elections.
Global Blockchain is an investment company that provides investors access to a mixture of assets in the blockchain space, strategically chosen to balance stability and growth. Blue chip holdings such as Ethereum and Bitcoin are complemented by best-of-breed "smaller cap" crypto holdings, many of which are not yet available to other investors. Global Blockchain Trades on the OTC Pink Sheets under the ticker symbol BLKCF.
NEPTUNE DASH trades on the OTC Pink Sheets under the ticker symbol NPPTF. Their mission is to accelerate the mass adoption of digital currency through early support and investment in DASH technologies and infrastructure.
MGT Capital Investments INC (OTCQB: MGTI), is a publicly listed company that invests exclusively in Bitcoin Mining. Bitcoin mining is when miners purchase powerful computing chips designed solely to solve the blocks which reward bitcoins. MGTI is partnerd with the largest supplier of these machines, Bitmain and are currently using their Bitmain S9 Antminers.