Blockchain Hype Fades But Practical Business Uses Emerge; Bitcoin and Crypto Stocks in Focus
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Blockchain technology has applications across industries like healthcare, government, real estate despite the hype dying down. Bitcoin is gaining traction and SEC may approve Bitcoin ETFs soon.
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Companies like Microsoft, Amazon, Alphabet provide blockchain solutions, while NVIDIA, Intel manufacture chips used in crypto mining.
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Mastercard and Visa are interested in applying blockchain for payments. Other stocks with blockchain exposure are Hut 8 Mining, Cipher Mining, CleanSpark.
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IBM offers blockchain supply chain and food tracking solutions leveraging AI, with Walmart as a client.
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Block (formerly Square) facilitates Bitcoin transactions through its CashApp and contributes to Bitcoin development through its Spiral entity.