When legacy companies touch blockchain stocks, their stock fortune rises. Though a new tech buzzword in the Distributed Ledger Technology (DLT) industry, especially the company stock market part of the financial services industry, blockchain stock is yet a new, potential blockchain investment use case. It is the new entry into a market stock revolution, where the old is fast-giving way to the modern.
Blockchain Stocks: A Brief Explanation
A blockchain stock is a listed stock from a blockchain business, DLT company, ICO, or a representation of a digital asset, based on the blockchain technology. It is also a blockchain derivative. This is a free synthetic definition, but it is a suitable one. The whole industry does not yet have a vocabulary where the industry terms are collected, with words defined, and meanings arranged. A well-developed vocabulary is essential for a better understanding of the 9-year-old disruptive industry, through its evolving linguistic ecosystem. Ipso facto, the ongoing growth phase is a sure-footed evolution of lexicon. In no time, the industry would grow monstrous, ravage through, find its own speed, and its lexicon come full-circle.
Blockchain Stocks Example: Bioptix
A fresh example of a blockchain stock is the stock of Bioptix, Inc. Bioptix is a legacy company. It changed its name to add the word “blockchain”. The company now goes by the name Riot Blockchain, Inc. With the strategic corporate restructuring step, and jumping on the blockchain bandwagon, by shifting, focussing and rebasing “its strategic investment and operation in blockchain technologies.”, the company’s blockchain stock took off the ground — from a “sudden summer low at $3.45 to two-year high at $24”.
This sudden stock value rise is both meteoric and astronomical, taking both into consideration and comparison, the way legacy stock grows at a snail-speed.
Blockchain Stocks Example: Riot Blockchain
On a general note, the Riot Blockchain experience is a good example on how blockchain stock investments by companies have been turning around their fortunes. The new stock of Riot Blockchain, a derivative of the blockchain technology, is a good explanation in practice, on what the “blockchain stock” actually means; what it is capable of, when placed among legacy stocks, other asset classes like shares, bonds, securities, futures, and among others.
Blockchain + Stocks = To The Moon
Since legacy companies touch blockchain stocks, and fortunes turn around, this naturally offers a window into the fundamental reason why blockchain businesses grow rapidly, and the network effect triples. This new business model has threatened the old business model to modernise, or else become phased out in no time. The new business model is a trustless, consensus-based, transparent, unalterable, and unhackable, decentralised business ledger, secured with cryptographic encryptions, features and functionalities. The old business model is the exact opposite of the new business model. The old business model is trust-based, centralised, alterable, non-consensus based, and neither secure with cryptographic encryptions, nor features and functionalities.
Making a wise business and investment decision, the good old institutional —accredited investors (“whale investors”) and retail investors know exactly which to choose, between a centralised business ledger and a decentralised business ledger. Decentralised business ledger means decentralised business economy, while centralised business ledger means centralised business economy, on the Internet of Value (IoV).
Blockchain stock transfer value on the Internet of Value (IoV) has only just started to peak. The Kodak experience with 50% stock surge after the KodakCoin announcement is only a tip of the iceberg, in its blockchain stock value rise. Other ambitious legacy companies that may become more business-strategic, in time to jump on the blockchain bandwagon, would expect massive stock fortune rise.
This blog post is not a piece of legal advice. It serves only for general information purposes. For Q&As and a further discussion on blockchain stocks, join us on Telegram at https://t.me/lexfuturusio