Blockchain is a huge investment opportunity. Cryptocurrencies has been one of the most controversial topics on Wall Street in the last two years. However, technology experts say there is no discussion on the value of …
Blockchain is a huge investment opportunity.
Cryptocurrencies has been one of the most controversial topics on Wall Street in the last two years. However, technology experts say that we can not discuss the value of blockchain infrastructure at the root of currencies such as bitcoins. The innovative part of the complicated blockchain system is its dependence on distributed register technology to independently verify transactions. The Bank of America analyst Kash Rangan says that blockchain systems will be incorporated into every software platform, making it an incredibly valuable investment opportunity. Blockchain is a new technology, but the following seven companies already have blockchain offers on the market.
IBM (ticker: IBM)
According to Rangan, IBM has completely embraced blockchain technology. Rangan says the IBM Hyperledger Fabric blockchain operates on a scalable, low-latency infrastructure and includes 35 live networks and over 400 clients involved. IBM has more than 1,500 employees dedicated to blockchain technology, and Hyperledger developers have created 5 million lines of code. IBM is facing what it sees as $ 400 billion in market inefficiencies that blockchain could face. Rangan estimates that the blockchain alone already contributes $ 7 in value per share for IBM. Bank of America has a "buy" rating and a $ 200 target for IBM shares.
Microsoft Corp. (MSFT)
Microsoft has been exploring blockchain technology since 2015. Its blockchain-as-a-service offerings for the purpose of Azure to help businesses improve the security of their business transactions by leveraging power of the blockchain model. Microsoft is an exclusive partner of India BankChain, a consortium of banks that uses blockchain technology to combat money laundering, financial terrorism and customer fraud. Microsoft has also partnered with Groupe Renault to create the first tamper-proof and security-free digital maintenance led book that works on a blockchain system. Bank of America has a "buy" rating and a price target of $ 134 for MSFT shares.
Oracle Corp. (ORCL)
Oracle offers Blockchain Cloud Service solutions as part of its platform-as-a-service portfolio. Oracle BCS applies blockchain technology to enable applications to securely and accurately authenticate identities, information sharing, single sign-on, intelligent creation of contracts and other activities. Oracle says that BCS creates value by accelerating transactions and reducing costs. Oracle has also been part of the Hyperledger Fabric project for over a year. The company is currently collaborating with Infosys (INFY) to develop BCS for businesses, which will help companies improve transaction privacy and database interoperability. Bank of America has a "neutral" rating and a price target of $ 55 for ORCL shares.
Red Hat (RHT)
Red Hat was one of the founding members of the Hyperledger project. The company's OpenShift Blockchain initiative is geared towards helping customers create hosted blockchain apps using tools from independent software vendors and Red Hat's managed support services. Red Hat is also a partner of the BaaS provider. BlockApps. STRATO's BlockApp development platform allows customers to quickly and easily develop blockchain applications on Red Hat products and enable blockchain functionality through OpenShift. Unfortunately, Rangan claims that the shares are valued at the current price. Bank of America has an "underperform" rating and a target of $ 130 for RHT shares.
VMWare recently launched Project Concord, a scalable and energy efficient open source blockchain infrastructure. Scalability has been a major concern on many current blockchain infrastructures and VMware is attempting to solve the problem by modifying the Byzantine fault tolerance consent algorithm that is often used by blockchain networks. Finally, Blockware from VMware on Kubernetes allows customers to create an environment to easily create and test blockchain applications. Rangan says VMware is expected to increase revenue by at least 15% annually. Bank of America has a "buy" rating and a target price of $ 190 for VMW shares.
Salesforce does not yet technically have blockchain products on the market, but hopes to unveil blockchain and cryptocurrency solutions from its Dreamforce 2018 event in late September. However, the blockchain Dapps.ai company is already natively integrated into Salesforce.com, providing a blockchain development platform that allows companies to incorporate their business processes into a blockchain of their choice, including the blockchains Hyperledger, ethereum and bitcoin. In addition, Rangan says that Salesforce is gaining market share in the cloud and is improving its margins. Bank of America has a "buy" rating and a price target of $ 181 for CRM shares.
Nasdaq may not be the typical Silicon Valley technology company, but has long been an innovator when it comes to applying new technology for global securities transactions. In fact, Nasdaq announced its first Nasdaq private-sector securities transaction using blockchain technology in 2015. Nasdaq hopes its Nasdaq Linq blockchain platform will provide the kind of efficiencies that will open the private securities market to investors. all over the world for the first time. Bank of America has a "neutral" rating and a price target of $ 96 for NDAQ shares.
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