Blockchain, Featured

J.P.Morgan Company Asses: Reasons Behind Blockchain Apps Gaining Popularity In Stock

J.P.Morgan Company, the renowned investment bank, and financial services firm has made a groundbreaking analysis for blockchain industry. The ledger based ecosystem is gaining immense popularity within international market these days. All big MNC’s have begun using research and development of blockchain in their respective domains to find the best possible use of this technology.

The financial services firm has made an impactful analysis of some software companies who are using this emerging technology and are looked upon as potential long-term winners in terms of stocks. These companies are believed to gain benefits in terms of stocks in the market from the blockchain based apps and services. The forecast is given on the basis of blockchain deployment which has been done in a similar fashion as it was done for artificial intelligence (AI) and machine learning.

J.P.Morgan Company has clearly outlined three major players of the blockchain market which are predicted to create material incremental development opportunities in this industry. The beneficiaries are Ellie Mae (cloud-based service provider for the mortgage business industry), DocuSign (digital transaction management services firm based at San Francisco) and Akamai Technologies Inc. (US cloud service provider and delivery network).

Ina detailed study done by digital transformation initiatives it was unveiled that distributed ledger technology is one of the key areas which can prove to be the crucial factor for the development of the banking sector. This cutting-edge technology has been already adopted by banks for operational and customer based services and it is doing so far good by now as mentioned by Coin Telegraph.

Why Blockchain Is Achieving Reputation?

Software equity research analyst with J.P. Morgan, Sterling Auty explained that the investor can focus on the opportunities to obtain a nice profit by sorting out the companies that are positioned in the best way to fulfill the blockchain based targets in the future. (Via CNBC)

J.P.Morgan Company has made a strong prediction in the favor of blockchain that is going to impact the investor’s decision in the upcoming days.

[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]
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Neha graduated in Electronic Media and has worked with Times group for 3 years with an overall experience of 6 years. She is passionate about learning languages and is a certified French Language Expert and IELTS Trainer. Neha writes breaking cryptocurrency news stories for OWLT Market.

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