How much is a billion? A billion of anything, let alone dollars, is a lot. A billion is 1,000 million. If you stack one billion $1 banknotes on top of each other, the pile would reach 68 miles upwards into the sky.
When it comes to investing money, whenever you hear of a billion dollars being spent, you just know that there is serious money to be made.
One raising as a rocket industry where billions are being spent is blockchain. And this number is growing drastically every year.
According to recent researches by International Data Corp., worldwide spending on blockchain development is forecast to grow by 88% from $1.5 billion in 2018 to $2.9 billion by the end of this year.
That’s just the start. Blockchain spending is expected to increase by an average of 76% year-by-year until it reaches $14.4 billion by 2022.
And what do you know? I think those numbers are too very low. Way, way too low.
How can you jump on the blockchain train? A good place to start is with the first-ever Forbes “Blockchain 50” list, which is a list of the companies with more than $1 billion in annual revenues that are actively integrating blockchain into their business model.
This blockchain Forbes 50 list not only include a large number of financial services giants, such as Visa, JPMorgan, Fidelity, ING, Allianz and State Farm, but is also full of technology companies that you’ll recognize – Amazon, Google, Microsoft, Intel, Samsung, SAP and IBM. But it also .
It is also interesting to see what cryptocurrency these companies are choosing as the legs of their blockchain system. The most popular platform is Ethereum used by 22 out of the 50 companies – followed by Hyperledger , and Fabric and Corda, which tied with 14 companies.
One of the most interesting trends across these 50 companies is that nearly all of them are building themselves more than one cryptocurrency.
Also keep in mind that a company needs at least $1 billion in annual revenues to make this list. That’s why it may exclude what I think will be the biggest winners of the blockchain lottery.
How big? I’m not talking about 100%, 200% or even 300%. I’m talking about 1,000%, 2,000%, or even 3,000%, which are the type of revenue that will set you (and your children and grandchildren) up for life.
I expect blockchain to be the biggest investment opportunity I will see in next 5-10 years. You really need to jump on this train until it goes to far away.