Global Blockchain Market to Reach $60.7 billion in 2024; Spherix Incorporated (NASDAQ: $SPEX) Aims to Educate Investors and Industry Watchers with New Media Acquisition
Global Blockchain Market to Reach
$60.7 billion in 2024; Spherix Incorporated (NASDAQ: $SPEX) Aims to Educate
Investors and Industry Watchers with New Media Acquisition
Companies Mentioned: Spherix Incorporated ( $SPEX), IBM (NYSE:$ IBM), Microsoft (NASDAQ: $MSFT) and Accenture (NYSE: $ACN)
Point Roberts, WA , Delta
BC – March 28, 2018 - Investorideas.com, a leader in Blockchain content with
its Bitcoin and Blockchain portals Bitcoinandblockchainstocks.com, Cryptocurrencyinvestorideas.com and Blockchaininvestorideas.com releases a sector snapshot for the blockchain sector. Companies mentioned include
Spherix Incorporated (SPEX), IBM (NYSE: IBM), Microsoft (NASDAQ: MSFT) and Accenture (NYSE: ACN).
Read this news in full at http://www.investorideas.com/news/2018/bitcoin/03281NASDAQSPEX.asp
According to a report
entitled, Blockchain: Market Shares, Strategies, and Forecasts, Worldwide, 2018
to 2024, “The global market for blockchain at $708 million in 2017 is
anticipated to reach $60.7 billion in 2024. IBM (NYSE: IBM) and Microsoft (NASDAQ: MSFT) are driving blockchain as their clients are making the
transition to cloud services. Accenture (NYSE: ACN) has measurable market share as well.”
For investors looking at
the sector there are now four ETF’s focusing on blockchain; Amplify
Transformational Data Sharing (BLOK), Reality Shares Nasdaq NexGen Economy (BLCN), First Trust Indxx Innovative Transaction & Process (LEGR) and Innovation Shares NextGen Protocol (KOIN).
A recent entry into the
sector, Spherix Incorporated (SPEX), is now setting up investors and industry watchers with
educational tools to explain this innovative technology. It’s confusing for beginners
to differentiate between the negative regulatory headlines on cryptocurrency
and ICO’s and the innovation breakthrough blockchain technology represents
globally And if there is a problem with
blockchain - why are all the biggest names in tech all on board with it?
Spherix Incorporated (SPEX) reported yesterday that they had closed an investment in
TheBit Daily LLC ("TheBit"), a development stage media and education
platform focused on the blockchain and cryptocurrency space. The site provides
strategic and intelligently condensed insight into this exciting technology.
For more information, please visit: www.thebitdaily.com.
TheBit Daily aims to lower
the barrier of entry into the blockchain and cryptocurrency technology fields.
TheBit informs readers, who range from beginners to experts, through its easy
to understand "Guides" on the main concepts behind blockchain and
cryptocurrencies. TheBit offers a free
custom-curated newsletter that apprises users on the latest updates and events
impacting the blockchain and cryptocurrencies sectors. This laymen's terms
newsletter keeps readers informed in just 3 minutes or less and is sent 3 times
per week. The site also publishes interviews with leaders in the industry,
which keep its audience at the forefront of this innovative technology. Moving
forward, TheBit plans on expanding its platform to include community sourced
resource discovery, informational videos and access to a social network focused
on the blockchain ecosystem. TheBit was founded by Erica Amatori and Chris
Hoyle, both of the College of William & Mary, the second oldest college in
the nation.
Anthony Hayes, CEO of
Spherix stated, "Our investment in TheBit provides our shareholders
another opportunity to participate in the growing blockchain and cryptocurrency
space, while also being accretive to our proposed acquisition of DatChat. As the Company moves into the blockchain
space, TheBit provides our shareholders and other users with clear and easy to
understand information about blockchain and cryptocurrencies. This investment will
seek to diversify our revenue base as we help incubate and grow a fantastic
startup. This is a true win-win. TheBit offers something special and we are
very proud to be working with Erica and Chris."
Erica Amatori, Co-Founder
of TheBit Daily, told their story. "When Bitcoin was booming in 2017,
friends asked us constantly how to participate in its explosive growth. That's
when we realized there was a lack of education in the space. Articles and media were geared towards highly
complex and technical information. TheBit Daily was born out of the need to
simplify blockchain for everyone."
Co-Founder, Chris Hoyle,
had this to say about the future. "Blockchain and ICO enthusiasim has
overwhelmed many people and caused great discomfort regarding the space. TheBit Daily seeks to demystify the area and
help fill the void where the media and investment community have failed. We remain very optimistic about the
motivations of builders in the space and the potential use cases for
cryptocurrencies and blockchain. Our
mission will be to provide clarity so that the right ideas can receive the
public attention and level of understanding that they deserve."
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