NEW YORK, January 18, 2018 /PRNewswire/ --
According to a new report published by Netscribes Inc., the global blockchain technology market size is expected to reach USD 13.98 billion by 2022, with a compound annual growth rate of 42.8 percent. Increasing adoption of blockchain-based technologies in financial transactions and cross-border payments are the main factors that drive the market. The blockchain technology is also used in sectors such as healthcare, energy, media and informatics. The report also indicated that the North American region is expected to have the largest shares of the blockchain technology market during the forecast period, while Asia Pacific will grow at a faster rate. Global Blockchain Technologies Corp. (OTC: BLKCF), The Bitcoin Investment Trust (OTC: GBTC), Cboe Global Markets, Inc. (NASDAQ: CBOE), ChinaNet-Online Holdings, Inc. (NASDAQ: CNET), India Globalization Capital, Inc. (NYSE: IGC)
More and more companies are exploring the potential uses of blockchain technology in their businesses. Top companies like Microsoft, IBM and Oracle have undertaken a lot of initiatives in providing blockchain solutions. According to Reuters, global shipping giant A.P. Moller-Maersk recently announced partnership with IBM to launch a blockchain-based platform for global trade. Maersk's Chief Commercial Officer, Vincent Clerc, said in an interview, "The big thing that is missing from this industry to digitize and unleash the potential of the technology is really to create a form of utility that brings standards across the entire ecosystem."
Global Blockchain Technologies Corp. (OTC: BLKCF) also listed on the TSX Venture Exchange under the ticker symbol 'BLOC'. Just yesterday the company announced that, "Overstock.com in a press release today said that its blockchain subsidiary, t0.com, Inc. ("tZero") intends to provide advisory services in connection with the recently announced KodakOne Coin Security Token Offering. In addition, tZero will advise on secondary trading of the Kodak Coin. This is the first third party coin to be announced that tZero will be listing and trading on its much anticipated regulated ICO exchange.
Utilizing blockchain technology, the KodakOne platform is an encrypted, digital ledger of rights ownership for photographers to register both new and archived work that they can then license within the platform. With the Kodak Coin, participating photographers are invited to take part in a new economy for photography, receive payment for licensing their work immediately upon sale, receive a share of overall platform revenue, and for both professional and amateur photographers, sell their work confidently on a secure blockchain platform."
Jan Denecke Cofounder and the KodakOne Platform and the Kodak Coin said, "tZero's vision in being able to develop and provide a securities token platform that complies with US federal securities laws is key to the success of the Kodak Coin. The Kodak Coin offering is centered around providing photographers security and peace of mind, and the tZero platform allows us to provide that same security to our token holders as well."
Patrick Byrne, CEO of tZero said, "The Crypto Revolution is upon us. To have KodakCoin on the tZERO platform is a tremendous stepping stone in continuing the mainstream adoption of what I would assert, may prove to be the most powerful innovation in history. As US regulators seek securities-law compliant applications for companies issuing security tokens, the issuance and trading of Kodak Coin in compliance with securities laws will empower entrepreneurs and protect photographers' property and licensing rights, while achieving another critical step in defining a new wave of digital capital formation. We welcome the Kodak Coin into the tZero family and look forward to working with this iconic brand".
Global Blockchain President, Shidan Gouran stated, "Our investment in Kodak continues to progress rapidly and we are eager to be alongside as this progresses towards its ICO in just two weeks."
The Bitcoin Investment Trust (OTCQX: GBTC) enables investors to gain exposure to the price movement of bitcoin through a traditional investment vehicle, without the challenges of buying, storing, and safekeeping bitcoins. Recently, Grayscale Investments, LLC, the sponsor of the Bitcoin Investment Trust, announced that it has declared a 91-for-1 stock split of the Trust's issued and outstanding shares. With the split, shareholders of record on January 22, 2018 will receive 90 additional shares of the Trust for each share held.
Cboe Global Markets, Inc. (NASDAQ: CBOE) is one of the world's largest exchange holding companies, offering cutting-edge trading and investment solutions to investors around the world. On December 13, 2017, the company announced it has created the Cboe Gemini Bitcoin Futures Index (ticker symbol: XBTX), a new strategy performance benchmark index designed to replicate a constant one-month position in Cboe XBTSM Bitcoin Futures (ticker symbol: XBT). XBT futures began trading on Cboe Futures Exchange (CFE) on Sunday, December 10. More than 5,000 XBT futures contracts (single counted) have been traded since launch. The Cboe Gemini Bitcoin Futures Index is designed to track the performance of a systematic strategy that holds a long position in XBT futures that is rolled continuously throughout the period between the futures last trade dates to maintain a constant one-month XBT futures exposure.
ChinaNet-Online Holdings, Inc. (NASDAQ: CNET), a parent company of ChinaNet Online Media Group Ltd., incorporated in the BVI (ChinaNet), is an integrated online advertising, precision marketing and data-analysis and management services platform. On January 4, 2018, the company announced a strategic partnership with Wuxi Jingtum Network Technology, the credible blockchain ecology builder and announced the expansion into the blockchain industry and its related technology. Both companies will utilize their respective advantages and exchange each other's work together to jointly develop blockchain applications. Through the contribution of underlying technologies in the blockchain, Jingtum Technology aims to develop a new generation of value-based internet technologies in China helping to upgrade from an information-based network to a value-based exchange network, establishing a credible ecology and promoting preparation as Chinese enterprises enter a new era of digital assets.
India Globalization Capital, Inc. (NYSE: IGC) has two lines of businesses, a legacy infrastructure business and a cannabis pharmaceutical business that has developed a lead product for treating Alzheimer's patients. On December 26, 2017, the company announced that it will leverage its existing team of technology and healthcare experts to develop methods utilizing blockchain in areas such as product identification assurance (PIA). As previously reported, IGC has a two-part strategy for commercializing its lead product, Hyalolex. It is anticipated that in 2018, subject to adequate funding, to move the Alzheimer's formulation through FDA registered pre-clinical and clinical trials. Independent of the FDA process, IGC expects to license its formulation technology for distribution as a Complimentary and Alternative Medicine (CAM) through licensed medical cannabis dispensaries in key markets of the U.S.
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