JP Morgan Lists Three Public Companies That Could Benefit Form Blockchain
While companies may benefit long-term from emerging tech such as blockchain technology, there are pending challenges to overcome
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“Investors should be looking to identify where the opportunity to replace a middleman is the biggest, or where trust is needed where none exists, or what companies are the best positioned to offer blockchain as a service,” J.P. Morgan software equity research analyst Sterling Auty says.
Source: CNBC - Rooney
Potential long-term winners in the emerging blockchain technology has been named by JP Morgan. The use of blockchain technologies is predicted to create new incremental growth opportunities, as mentioned by JP Morgan. This is a reflection of the benefits from emerging tech such as machine learning and artificial intelligence, that has become essential in many applications.
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As reported on CNBC - Rooney, JP Morgan thinks that "middleman displacement" and "Blockchain as a Service" a.ka. BaaS, could benefit three companies:
Cloud Service Provider Akamai - a vendor that could offer Blockchain capabilities as a service
"While there are a number of companies that have blockchain technology, IBM as one example, we believe the sizeable Akamai network is an inherent advantage in running a distributed ledger in blockchain."
DocuSign - a platform for digital contracts
"DocuSign wants to be the platform to enable the entire contracting process in a digital manner. Over time we could see much of the platform being based on blockchain, basically shifting its
centralized security model for the distributed model of blockchain," J.P. Morgan's Auty said.
Ellie Mae Mortgage Network
"Utilizing blockchain to manage the entire mortgage process could bring trust among parties and use of smart contracts could help automate various tasks: inspection, income/employment verification," Auty said.
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The blockchain technology can impact many industries, especially in the first use-case in the financial market Bitcoin has shown.
TechCrunch - Johnson discusses 3 main challenges the technology needs to overcome:
Finding good enterprise-level blockchain software developers - expanding on the number of qualified workforce required in many project teams
Avoiding the temptation of regulation - legislatures that may hinder the growth of the emerging market
Reaching critical mass - mass adoption by the mainstream, consumer, governmental and business industries
Thanks @tysler I quite really like what you said about improvements of technology! verily, if there is massive adoption even the government official will want to join in when they feel the reality of it.
This time is revelations I think that's demand of time.
Every government adoption for future growth and development services that is my resume.
The mortgage network can really benefit feom blockchain. I hope they utilize blockchain to its full potential.
Definitely！Imagine less disputes over land ownership and leases - a great step forward