The only secure way to bet on the blockchain is not entirely dependent on the success of the technology.
Almost a decade has passed since bitcoin and its underlying distributed registry technology, or blockchain, appeared, but the real cryptocurrency boom began only in 2017.
Blockchain allows to register transactions without centralized regulators. Theoretically, with the help of the blockchain, any process that involves the interaction of various parties and intermediaries can be made much more efficient. Bitcoin and other cryptocurrencies are trying to become such a solution in the market for mutual settlements, but this is just one of many possible applications of technology.
How to bet on blockchain
In essence, for an investor who wants to bet on the blockchain, there are two main options. You can invest in the purchase of cryptocurrency, such as Bitcoin or ether. The cost of bitcoin in 2017 has risen from about $ 1,000 to more than $ 13,000. Dollars. The rate of air for the same time increased from $ 10 to more than $ 700. So this strategy certainly works - in any case, it worked last year.
The problem is that while you are not investing in the blockchain, you rely on its specific use. In order for your investment to pay for itself in the long term, two conditions must be met. Firstly, the blockchain technology itself must meet expectations and gain a foothold in various markets; secondly, a particular cryptocurrency should become a really useful tool - because now its assessment remains almost exclusively speculative.
In this case, it may well be that the blockchain will receive universal acceptance and will be widely used in various industries, and cryptocurrency will not withstand the test of time and lose all value.
There is another obvious way to bet on the blockchain: to invest in companies using this technology.
Investing in companies that use blockchain is a more reliable option than buying cryptocurrencies, but it is very important to choose the right company.
There are lots of blockchain startups now, however only a few of them are worth investing in. Open Packaging Network is the example of such. It is a blockchain-based project whose goal is to provide transparency in the packaging industry by creating a platform that uses technology to provide value to industry stakeholders.
Follow the official Telegram channel to stay tuned: https://t.me/OpenPackagingNetworkOFFICIAL