What is Blockchain Technology?
The internet is a vast space that remains unexplored to date. Like a virtual world, it has a vast variety of concepts working simultaneously to put up with netizens' consumption and user practices.
Yet, data privacy and security have emerged as significant concerns among the internet community as ways to hack, change, or alter crucial information available on different platforms. Perhaps Blockchain Technology is a way to put a curb to this hassle.
"Blockchain is a database system that maintains and records data in a way that allows multiple organizations and individuals to confidently share access to the same data in real-time, while mitigating concerns around security, privacy and control. "Blockchain Technology.
A technology that toughens the internet security protocol and adds stricter provisions related to data privacy, blockchain technology is defined as a link of digital ledger in blockchain.
In simple terms, it can be perceived as a chain of private nodes that consist of data related to financial transactions and is difficult to access or hack. While such data is often protected by a third party or an authorized government organization, top Blockchain companies preserve such data without any interference.
Therefore, blockchain in financial services takes place between two concerned parties with the help of the internet.
Top Blockchain Stocks 2022
While a lot of information is present online regarding blockchain technology, many fail to recognize the top Blockchain stocks to watch for in 2022. In this segment, we will be discovering the top blockchain companies that have succeeded in recent times and are profitable in the upcoming year.
Blockchain technology is often attached to the name of cryptocurrency. A digital currency that is not authorized by any government or intermediary organization, cryptocurrency is a 21st-century invention, thanks to the technological advancements in the internet.
Among many companies that have strengthened such advancements is NVIDIA Corporation that supports blockchain services.
A blockchain company, NVIDIA was founded in 1993. Ever since then, the company has made its way into structuring blockchain technology.
With the best mining performance interface and a fully open atmosphere for the inclusion of a greater number of systems, NVIDIA allows users to access the technology and avail of the ledger facilities.
(Also read - Types of block in blockchain network)
Founded in 1989, Accenture is a leading consulting company that has adapted to technological advancements for better performance and greater reach.
When it comes to this technology, Accenture blockchains specialize in financial services, digital information, and supply network worldwide. The capability that this technology offers to such top companies has helped them transform the way data is stored and distributed among various networks.
That said, Accenture is one of the top Blockchain stocks to go for in 2022 as it has promising market growth and a better chance at attracting more and more investors.
A computer software manufacturing company, IBM was founded in 1981. A leading tech company, IBM is known for revolutionizing computer equipment worldwide.
With a successful growth rate, the company has also displayed enhanced quality equipment for users.
What's more, the company's blockchain technology is reputed for its fast, efficient, and trustworthy interface that does not hamper data privacy and lets workflow take place easily.
"That’s why technical innovators turn to the IBM Blockchain Platform, the leading Hyperledger Fabric platform to build, operate, govern and grow blockchain solutions across any computing environment through Red Hat® OpenShift®." IBM Blockchain
Launched in 2009, Square Inc., an American financial services corporation is also listed as one of the top blockchain companies in the stock market.
Using bitcoin technology and blockchain facilities, Square Inc. is known for creating decentralized financial applications. Unlike some of the new financial services that rely on banks or central authorities, Square Inc. has used blockchain-based networks to give way to digital transaction advantages.
Even though such platforms have their own drawbacks like regulation, asset volatility, and technological glitches, such blockchain companies have very well gained the recognition of top blockchain stocks to invest in 2022.
(Similar reading: Top 10 AI Stocks to Invest in 2022)
Ripple Labs Inc.
The world of payments has gone viral. So has the process of preserving this data. Blockchain technology is a milestone advancement in the field of digital transactions wherein many blockchain companies have excelled.
One such is Ripple Labs Inc. By offering global payment solutions, the company has advanced in the field of blockchain technology. By connecting companies from all over the world, Ripple Labs has enhanced the way digital payments are made and experienced.
A decentralized structure, transparent messaging, and pre-funding facilities are some of the key features of this blockchain stock that has a promising future ahead in the market.
Digital payments have become the need of the hour. With the ongoing pandemic, the world has been pushed to digitally transact money from one corner to the other with the help of blockchain technology.
That said, one of the topmost blockchain companies in 2022 is here to redefine the way we transact money and carry out our day-to-day finances.
Considering that the transparency of the virtual world and the privacy strength of cryptography lead to a perfect blend of technology, Goldman Sachs has incredibly used this balance to give way to trusted and verified sources of payments within a span of seconds.
(Must read: Blockchain with AI)
Known for its association with world-class banks, MasterCard has finally paved its way into the realm of digital payments as well. As this blockchain company itself defines, it has set onto a ‘new path’ that will help it bring closer technology.
Blockchain technology and digital payments are the inventions that this company is working for and it sure seems that it has revolutionized the way it all works.
By stepping into this realm, the company seems to be associated with cryptocurrency and blockchain networks owing to the duo’s increasing significance in the 21st century.
A renowned tech-based corporation, Infosys is considered to be one of the pioneers in this realm. With the coming of blockchain technology, it has only elaborated its technological framework by successfully welcoming the true essence of cryptography and blockchain technology.
Virtual reality will soon emerge as a parallel world wherein day-to-day activities will take place. Perhaps this is why blockchain technology is consuming the media as it gives way to many more such paths of cryptographic networks.
As a cashless economy is around the corner, Infosys is grabbing the baton to lead the world into a digitally safe, secure, and diverse world of financial services.
A secure platform to trade in cryptocurrencies like Bitcoin, Ethereum, and Ripple, Coinbase is another one when it comes to top blockchains in 2022.
As virtually empowered economies are finding their ways among the masses, Coinbase is helping people discover ways to buy and sell cryptocurrencies with the aid of blockchain technology.
In addition, the mining of cryptocurrency is another service that is offered by this platform and perhaps has pioneered the concept of blockchain technology.
(Must read - Crypto Mining)
Coinbase establishes SQL filters for the verification of transactions from one party to the other. This ensures the safety and security of digital transactions and easy crypto mining.
Even though there are a number of blockchain platforms, one of the most sought-after blockchain companies is BLOQ Inc. Building a multi-blockchain platform for future advancement in the realm of technology, Bloq has led to empowering people that digital transactions are here to stay.
For anyone wishing to set foot into the cryptocurrency arena, Bloq is a very helpful and insightful platform for creating secure and efficient blockchain ledgers.
“Accelerate your development with our APIs, delivering real-time connectivity to leading blockchain networks, as well as indexed data, and additional services.” Bloq multi-blockchain networks
Future of Blockchain Technology
There are many blockchain applications in the real world. The future of blockchain technology 2021 lies in the hands of the vast expanding hands of the internet that still continue to increase its reachability.
From finance to data science, blockchain technology is an ever-lasting concept that will bring every other invention under its umbrella. The role of technology in business is immense and ever-growing.
Empowering the principles of sustainability, digitization, and technological advancement, blockchain networks are likely to hold a strong position in the coming years as well as lead the way of digitization to greater heights.