Earn From Blockchain Without Buying Bitcoin
Though Bitcoin and its volatile price swings tend to hog the headlines, most will agree it’s blockchain technology that’s the true disruptor. Blockchain acts as a decentralized ledger, recording all data simultaneously across all nodes on its network. Ratings agency Moody’s reports blockchain will transform and disrupt myriad industries. It expects the technology will pose a potential long-term competitive threat to a variety of business sectors—eventually.
Shmulik Grizim, the founder of LeadCoin believes blockchain has the potential to disrupt a variety of industries, in particular web marketing:
“For example, web marketing is an extremely centralized industry dominated by the Google (NASDAQ:GOOGL) and Facebook (NASDAQ:FB) duopoly. A decentralized web marketing solution that’s based on blockchain technology could shift the power back to the hands of the businesses themselves allowing for trusted and secured transactions between two anonymous parties without any middleman.”
He foresees numerous changes occurring via blockchain to a growing number of centralized industries including banking, data storage and supply chain management.
Still, though it’s relatively easy—albeit potentially expensive—to invest in at least some blockchain based cryptocurrencies, there are a growing number of ways to invest in, and even profit from blockchain technology without owning any digital currencies. From publicly traded mega caps to fledgling start-ups, as well as two ETFs, the following 11 alternatives could be appropriate vehicles if you don’t feel up to weathering the extreme volatility recently seen in crypto markets.