A number of companies and banks are adopting blockchain technology to reduce documentation and increase operational efficiency.
According to a report from Netscribes, Inc., the global blockchain technology market is expected to be worth 13.96 Billion by 2022, along with a compound annual growth rate of 42.8 percent during the forecast period. The blockchain solutions is being increasingly used in various industries including Banking, Mortgages, Financial Services, Retail & eCommerce and plenty of others.
Blockchain technology is starting to run rampant across the tech sector and just a few months ago, American Premium Water Corporation (OTC: HIPH) has created a Blockchain Advisory Board To Evaluate Blockchain Acquisition Opportunities that could put them on the forefront of the blockchain industry for years to come.
Multiple private blockchain-related companies who are looking to go public have presented themselves to HIPH. In order to operate on the forefront of cutting-edge blockchain technology, HIPH felt the necessity to create an advisory board with some of the best the blockchain sector has to offer.
“Because blockchain is an open, distributed ledger, it allows anyone to securely enter a business transaction with someone else without needing to go through a trusted intermediary and, with its proven ability to cut out the middleman, while still retaining security, speed and functionality; it is the perfect fit to HIPH’s model as a diversified holding company.” Stated Ryan Fishoff, CEO American Premium Water Corporation.
Fishoff continued, “Acquisitions in this space are sure to magnify the strength of American Premium Water Corporation’s (OTC: HIPH) income statement and balance sheet, while maximizing shareholder value, which is our utmost priority.”
The Company is also pleased to announce that it has retained International Monetary (IM) to lead the company’s efforts in evaluating and arranging financing for blockchain acquisition opportunities. IM has established relationships within the private and public sector and has the deep pool of investment groups along with the knowledge base that will guide HIPH into this new exciting sector.
“IM has had a successful track record in emerging growth markets and has the relationships that will help add accretive value to HIPH. IM is a longtime advisor to (OTC: FUSZ) and have done an amazing job fr them. IM understands the different facets of the blockchain ecosystem, including crypto marketplaces, coins, tokens, ICO’s and DAO’s, which will be instrumental for us as they guide our evaluation of different opportunities”, said Alfred Culbreth, Founder of American Premium Water Corporation (OTC Pink: HIPH).
Blockchain’s ability to effectively record and track information has sparked interest in other fields. Walmart inc (NYSE: WMT) , the world’s largest retailer, unveiled last year its use of blockchain technology to trace the genuine origins of its food products after holding a successful pilot project in China. By digitizing and documenting details into a unified storage platform, the technology significantly reduces the time is taken to trace a product back to a farm, which is expected to help achieve rapid and accurate product recalls if needed, and significantly reduce exposure by contaminated products.
Advanced Micro Devices Inc’s (NASDAQ: AMD) blockbuster quarterly earnings has turned the spotlight on chip sales to providers of blockchain technology, a digital ledger that is set for explosive growth as it moves beyond cryptocurrencies.
“The strength in Radeon products was driven by both gaming and blockchain demand. We believe blockchain was approximately 10% of AMD revenue in [the first quarter of] 2018,” chief financial officer said Devinder Kumar during an earnings call on Wednesday after AMD revealed that it made $1.65 billion in first-quarter revenue, a 40% increase year-over-year. Kumar noted that the combined gaming and blockchain demand contributed to a 95% boost year-over-year for its GPU and computing markets.
AMD’s bigger rival Nvidia, reported more than $100 million in quarterly revenue from blockchain in October.
Facebook inc (NASDAQ: FB) recently launched its own blockchain division as part of a broader reorganization of its executive lineup.
The move comes a few months after CEO Mark Zuckerberg said in a Facebook post that he wanted the company to “go deeper and study the positive and negative aspects of” cryptocurrencies.
David Marcus, who was serving as the vice president of messaging products and overseeing Facebook Messenger, will be running the blockchain group. The former CEO of PayPal, Marcus has long been interested in payments, and he currently serves on the board of bitcoin exchange Coinbase.
“After nearly four unbelievably rewarding years leading Messenger, I have decided it was time for me to take on a new challenge,” Marcus wrote in a Facebook post, “I’m setting up a small group to explore how to best leverage Blockchain across Facebook, starting from scratch.”
Instagram’s current vice president of product, Kevin Weil, will be leaving that role to join Facebook’s blockchain team under Marcus.
Goldman Sachs most recently has established blockchain trading desk. With such a successful and prestigious firm as Goldman (NYSE : GS), it’s a nod to blockchain and it’s stellar future.