Saturday, October 13, 2018

Bank of America named 9 companies that will earn billions on blockchain

Bank of America named 9 companies that will earn billions on blockchain

Bank of America named 9 companies that will earn billions on blockchain


The market associated with the introduction of blockchain technologies is able to grow to $7 billion.the Mass use of innovative technology makes it possible to repeatedly improve its financial position to high-tech giants and major players in the real estate market.

The large-scale introduction of the blockchain will provide an opportunity for large high-tech corporations to earn billions, says an analyst at Bank of America Kash Rangan.

The expert suggested that at some point in the future 2% of the existing corporate servers will run on the blockchain. If we take into account that the operational maintenance of only one such server will be $5,500 thousand per year, the total volume of the blockchain technology market can reach $7 billion.

The potential beneficiaries of the implementation of distributed registry technologies are such companies as Amazon, Microsoft and Oracle, the analyst noted.

"Amazon will benefit from the introduction of blockchain from the demand for cloud services, while improving the efficiency of supply chain tracking will improve Amazon's retail trade," the CNBC expert quotes.

Also, the analyst of Bank of America mentioned the Microsoft Azure platform, which is a catalog of solutions and cloud services ready for rapid automatic deployment. The technology giant can offer users the BaaS blockchain model, i.e. a ready-made business model from the cloud based on innovative digital technology.

Such well-known in the FINTECH industry companies as Oracle, IBM, Salesforce.com and VMware is also able to capture its share of the emerging market. In addition to high-tech giants, great prospects to earn on the development of the blockchain appear among the major players in the real estate market and mortgages. The expert identified three companies in this sector: Redfin, Zillow, and LendingTree.