Blockchain Stocks Rebound After Bitcoin Touches $4000

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NEW YORK, Feb. 21, 2019 /PRNewswire/ -- Blockchain is making a rebound, and 2019 may finally be the year in which we see a significant pickup in investor interest. JPMorgan Chase & Co. (NYSE: JPM) recently announced JPM Coin, a cryptocurrency that's pegged to US dollars and stored with JPMorgan Chase accounts. This may just be the edge of a coming wave of investor interest in the blockchain space, raising investor interest that could spill over into innovators in the blockchain space such as Galaxy Digital Holdings Ltd. (TSX-V: GLXY) (OTC: BRPHF), HIVE Blockchain Technologies Ltd. (TSX-V: HIVE) (OTC: HVBTF), Riot Blockchain, Inc. (NASDAQ: RIOT), and LiteLink Technologies Inc. (CSE: LLT) (OTC: LLNKF).

Why Blockchain?

What's driving the renewed investor interest in blockchain? Galaxy Digital Holdings Ltd. (TSX-V: GLXY) (OTC: BRPHF) founder Mike Novogratz recently stated that the necessary financial infrastructure required to support institutional investors is now falling into place. Institutionalization is particularly significant in this space because it brings much-needed stability, counteracting the previous wild fluctuations in pricing. With major firms like JPMorgan Chase & Co. launching a stable coin called the JPM Coin, the institutional watershed is now "just getting started."

Recent cryptocurrency scandals notwithstanding, Blockchain technology bring a range of benefits such as more transparency, better traceability, reduced costs and higher efficiency, as well as faster transactions. High on that list, however, is a more secure and safe way for multiple parties to share information.

For instance, blockchain could realize its potential of transforming the backbone for all trade and commerce in the 21st century by integrating with the world's logistics and supply chain systems. Companies who seek to do this have little to do with cryptocurrencies. Platforms such as Litelink Technologies' (CSE: LLT) (OTCPK: LLNKF) 1SHIFT platform are now effectively digitizing the supply chain, using blockchain's smart contract distributed ledger technologies to manage trust and transparency across an integrated digital ecosystem of shippers, third-party logistics providers (3PL), trucking carriers and even customs brokers and factoring companies.