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Is usually blockchain technology the new internet? In the past, many Blockchain companies concentrated exclusively on Bitcoin. Today, brand new Blockchain companies have emerged along with use in sectors other than just financing. There are many Blockchain technology companies in various industries ranging from digital identity in order to internet of things.

Blockchain technology can be used to develop a permanent, public, transparent ledger program for compiling data on product sales, tracking digital use and obligations to content creators, such as wifi users or musicians. In 2017, IBM partnered with ASCAP plus PRS for Music to adopt blockchain technology in music distribution. read more

Blockchain technology has been used more and more to solve some of the most complicated issues facing businesses. Even though the technologies is relatively new, there are several examples of blockchain technology making a positive impact. As blockchain start-ups wind down and the crypto marketplace mania fades, engineers are becoming totally free agents for technology giants.

All three businesses are avenues investors can explore to achieve decent exposure to blockchain technology with out buying bitcoins. Matthew Cochrane does not have any position in any of the stocks stated. One of the most exciting use of blockchain in the power industry — and the one that suits best with the whole ethos associated with decentralization — comes in the framework of microgrids.