Blockchain first came on the scene in 2009 as the distributed ledger for Bitcoin (BTC) transactions
In other words, it is the enabling technology for the world's most popular cryptocurrency
A blockchain is an immutable ledger, recording transactions that cannot be altered
Blockchain is mostly discussed in the context of cryptocurrency, but this technology can help solve wide-ranging problems in business and the broader economy
It offers data security, transparency, authenticity of transactions and quick processing times to help companies reduce risk and cut costs
Because of these useful characteristics, blockchain is seen as a revolutionary technology that can power future applications
Here are seven high-quality stocks to buy that benefit from blockchain technology.
– Coinbase Global Inc. (COIN) – Nvidia Corp. (NVDA) – PayPal Holdings Inc. (PYPL) – International Business Machines Corp. (IBM) – Advanced Micro Devices Inc. (AMD) – DocuSign Inc. (DOCU) – Accenture PLC (ACN)