5 Companies Moving Blockchain To The Next Level

LONDON, February 27, 2018 /PRNewswire/ --

FN Media Group Presents Safehaven.com News Commentary 

January was a rough month for the Bitcoin crowd. After rising like a rocket all year, cryptocurrency prices started falling in December. In early 2018, the decline turned into a free-fall, as Bitcoin and other major crypto-currencies lost a ton of value in just a few weeks. Included in today's commentary: NVIDIA Corporation (NASDAQ: NVDA), Eastman Kodak Company (NYSE: KODK), International Business Machines Corporation (NYSE: IBM), Overstock.com, Inc. (NASDAQ: OSTK), Cisco Systems, Inc. (NASDAQ: CSCO).

Some are ready to call it quits on the cryptocurrency and blockchain craze. But savvy investors know better. Even with the bubble bursting, the technology and innovation behind crypto and blockchain has the potential to disrupt whole industries.

The transition has already begun: blockchain tech is being applied to real estate, shipping, banking and healthcare. Those in the know should keep their eyes peeled for the strongest performers.

Here are five companies that will prosper, even if some of those millennial millionaires have to throw in the towel:

#1 NVIDIA (NASDAQ: NVDA) 

One of the biggest market success stories of the last two years has been NVIDIA.

The tech manufacturer grew its revenue by 46 percent year-on-year from October 2016; earnings per share were boosted 111 percent.

Though the price dipped in January amidst the crypto bust, it remains twice as high as it was in early 2017.

Part of that success stemmed from the immense demand for crypto-currency mining rigs. Specialized tech was flying off the shelves, as NVIDIA tried to keep miners supplied with GPUs.

If the crypto bubble bursts, that could be bad news for NVIDIA. But the company continues to sell gaming components, keeping its earnings high.

And NVIDIA is a trailblazer in blockchain technology. Along with its chief competitor AMD, NVIDIA supplies the GMUs that allow for the digital ledger that keeps crypto-currencies trading. Even if cryptos go bust, demand for blockchain tech will keep the company in the black.

Last year was a banner year for NVIDIA, and 2018 should be no different.

#2 Hashchain Technologies Inc. (KASH.V: HSSHF) 

Hashchain Technologies Inc. is a crypto-currency miner with some big ambitions. In the crazy world of cryptocurrencies, where prices shoot up and down with no warning, Hashchain gives its investors exposure to a broad range of crypto assets.