Reviewing the Top 20 Best Blockchain Stocks of 2020 for Investors to Buy

Best Blockchain Stocks: The Top Blockchain Companies for Investors in 2020

In the last decade, blockchain has gone from an unknown technology to one of the biggest trends that the tech world has ever experienced. With its roots in Bitcoin, the last five years have marked significant progress for the distributed ledger technology, and it doesn’t look like progress will slow down anytime soon.

The structure of blockchain alone has been appealing enough to companies and investors alike to already growing in popularity. For investors that might be feeling the FOMO, this isn’t the time to wait. In fact, this is the time to get involved in tech history. Blockchain may already be a multi-billion-dollar industry, but it is growing and could get even bigger.

Today, we’re showing the best blockchain stocks to get involved with, including the top blockchain companies for investors in 2020.

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Why Blockchain?

The technology behind blockchain isn’t something that stands alone as the sole process or idea. Instead, blockchain is much broader. Blockchain is used in so many different ways now that the idea of investing in blockchain is a lot like the idea of investing in the internet; it can be done in numerous ways.

Right now, healthcare companies are one of the many groups that are using blockchain in their own changes, while there are brands in the logistics industry seeking to use blockchain for their own organizations. There are already advertising companies and video game designers getting involved as well.

Blockchain technology is still being built up by major developers, but it keeps getting better. There are some developers that have even revealed their work on the technology through open-source platforms, though others are working to give corporations an edge of their own. However, there has been one common element – progress.

Here are some areas of interest that blockchain technology is already making a difference in.

• Banking
• Financial
• Voting
• Infrastructure
• Pharmaceuticals
• Fashion
• Cross-Border Payments
• Food Safety
• Logistics
• Jewelry
• Gaming
• Ridesharing
• Internet Advertising
• Cloud Storage & Cloud Computing
• Copyright
• Trading
• Insurance
• Healthcare
• And More

This list is hardly complete at all, as more industries are adapting by the day. Blockchain technology will continue to improve and offer more, and there’s already palpable benefits that each of these industries have gotten from its use. Now that blockchain has been around for the last decade, what will this tech be like in the next decade or even the next five days.

Let’s take a look at some of the publicly traded companies that are using, developing, or benefiting from blockchain technology.

Best Blockchain Stocks of 2020

Here are the best blockchain stocks of 2020.

Alibaba Group (BABA)

Even though Alibaba Group starts off this list, it is actually one of the many companies that doesn’t primarily deal with operations in blockchain. However, the company is notable for over 100 patent filings for blockchain so far. Their numbers even exceed that of IBM’s filings.

There’s already been several blockchain solutions implemented with their companies. While Lynx International uses blockchain for logistics, T-Mall uses it as a way to prevent and fight counterfeiting and food adulteration. However, the company has also gotten involved with the Chinese government to help with the use of blockchain in the healthcare industry, which could help support over 1.3 billion people. In Hong Kong, Ant Financial (a partner of Alibaba Group) has decided to use blockchain technology as part of a remittance service.

Since the launch of blockchain as a service (BaaS), the brand has worked to expand beyond China’s borders to other countries, adding to why Alibaba could be a tech leader in Asia.

AMD (AMD)

Advanced Micro Devices (AMD) has consistently held down a place on lists of top blockchain stocks to watch, and for a very good reason. Most people know AMD as a creator of microchips, but they are more notably responsible for the development of chips that are inside GPUs and other crypto miners. The brand became highly profitable in 2017 and 2018 as cryptocurrency miners decided to purchase billions of dollars in mining hardware, coinciding with the major rise and drop of Bitcoin’s price.

Now, individuals who believed in blockchain’s future tend to get involved with this stock, as they have had plenty of success both within and outside of the blockchain industry.

Bank of America (BAC)

Even though Bank of America isn’t the type of company that consumers may expect to see on this list, their number of blockchain patents is substantial. The banking giant has created quite the portfolio over the last few years, holding more blockchain patents than both Google and Microsoft have each. By investing in blockchain technology, investors will see rewards from more than just the banking services, but also with blockchain.

Considering the fact that blockchain-related revenue can be lucrative for just owning patents, Bank of America already stands to make billions of dollars a year through the licensing deals. The bank has found its way onto many lists of the top blockchain companies, and they seem to have the most interest in the blockchain industry of any other bank.

BitFarms (BITF)

BitFarms is based in Canada, and they are primarily known for their operation of multiple Bitcoin mining farms. They have several of their own Bitcoin mines in Quebec, due to the low cost of real estate and the unlimited hydroelectric power to keep the cost of mining down. As a result, the company has sometimes brought in as high as 18% in mining profits.

This company has plans to work on expansions through the next few months.

Broadridge (BR)

Broadridge presently has multiple distributed ledger technology solutions, like proxy voting. However, they have also made excellent partnerships, including that of their relationships with Northern Trust and JPMorgan. Both Northern Trust and JPMorgan already use blockchain technology (though not to the level that Bank of America reached).

The partnerships that Broadridge has established are easily one of its greatest advantages. However, consumers that want to make a big change in their financial portfolio should consider investing in the brand as well.

CME Group (CME)

CME Group has established itself as the place to go for consumers that want to invest in Bitcoin futures. Their platform makes it possible for investors to get involved with a regulated environment, which they were the first to launch in December 2017 in the same month that Bitcoin neared $20,000 in value.

Even though CME Group is known for their Bitcoin futures investments, it is only a small portion of the trading operations that they take on. With the launch of new products (including Ethereum futures), the company is expected to make significant profits. Right now, CME Group pays 5% in dividends so that blockchain investors can add some income to their portfolio.

Coinsilium Group (COIN)

Launched in 2014, Coinsilium Group (COIN) is based out of London, and it is known for being a developer and investor in blockchain. Right now, the majority of its partnerships have been established with UK-based clients, often including blockchain companies and cryptocurrency companies.

Right now, shares of Coinsilium Group can be purchased on the NEX Exchange Growth Market, which allows consumers to purchase unlisted securities of NEX Exchange.

First Trust Indxx Innovative Transaction & Process ETF (LEGR)

First Trust Indxx Innovative Transaction & Process ETF invests in tech stocks from around the world, focusing on a balance of growth and value stocks. More specifically, it focuses on investment results that generally match the price and yield of the Indxx Blockchain Index.

Created in 2018, this stock is primarily found on the NASDAQ. The largest group that invests in First Trust Indxx Innovative Transaction & Process ETF is presently the United States (over 30%), according to data from March 2020.

Fujitsu (FJTSY)

Japanese technology firm Fujitsu doesn’t ordinarily captivate the American audience, which is most likely due to the work that they do outside of the United States. However, a smart investor seeks out international opportunities as well, like Fujitsu. It isn’t a well-kept secret by far, operating as the seventh-largest IT services provider in the entire world, ranking first in Japan.

The Japanese Bankers Association’s (JBA) Collaborative Blockchain Platform chose Fujitsu as their vendor for developing a transfer settlement system. It also launched a Blockchain Innovation Center in Belgium, amid many other blockchain blockchains of all sizes.

Grayscale Investment Trust (GBTC)

While early investors may remember this stock as Bitcoin Investment Trust, it transitioned to Grayscale Investment Trust in 2013. Its notoriety is found in the fact that it is still one of the only publicly traded companies to choose Bitcoin as the primary asset to store. Consumers that make the choice to invest in Grayscale will inherently invest in Bitcoin’s value, but they won’t have to worry about holding Bitcoin directly.

If this balance is the way that consumers want to go, then Grayscale Investment Trust is the right fit. Bitcoin will always be directly connected to the blockchain, so the progress of either is good news. As Grayscale has aged, it seems that the Bitcoin connection hasn’t been a deterrent, as it has grown substantially.

By the end of January 2020, the company registered its shares with the SEC and established the Trust as the first digital currency investment vehicle to officially become a reporting company to the SEC.

HIVE Blockchain Technology (HIVE)

HIVE Blockchain Technology, previously known as Leeta Gold Corp., is a Canadian company, and it has already established partnerships with many crypto miners and other blockchain companies. One of the main partners is a major cloud Bitcoin miner called Genesis Mining Ltd., which operates in Iceland. They have also partnered with some miners that are located in Norway and Sweden.

Due to this connection, an investment in HIVE Blockchain Technology is an indirect investment in blockchain mining as well. Unfortunately, the stock price had a rough time as the price of Bitcoin has changed over time.

Hut 8 (HUT)

Hut 8, another Canada-based crypto mining firm, focuses on using the country’s cheap real estate and electricity prices to mine cryptocurrency. It is located in Alberta, though the mining farms are found in Medicine Hat and Drumheller.

Like many of the companies that have made a way to this list, Hut 8 has solid partnerships as well, like that of their connection to BitFury, a producer of Bitcoin mining hardware and software. In fact, the partnership gives BitFury direct ownership of 50% of all the shares of Hut 8.

Rather than being listed on the TSX Venture Exchange, this stock has created such a strong foundation that it is listed on the main Toronto Stock Exchange.

IBM (IBM)

Anyone in the tech industry knows the IBM name. This tech giant has managed to pave the way in blockchain for many non-Bitcoin ventures, already having connected with hundreds of clients in different industries around the world. IBM Cloud manages the blockchain as a service (BaaS) that IBM offers, storing and monitoring the transactions for business clients.

For all the publicly traded companies, IBM easily has one of the largest blockchain patent portfolios, standing to make billions of dollars in licensing deals alone. However, their work makes it possible for other individuals to use the patents for their blockchain tech systems.

Forbes awarded IBM a 92 as their Blockchain Score, surpassing any other company as Forbes praised their involvement in over 500 blockchain projects. One of those manage projects includes the IBM Food Trust platform, which was launched with Walmart in 2018.

ING Groep (INGA)

ING Groep has been heavily invested in the blockchain industry for the last three years, coinciding with its partnership with commodities trade finance platform Easy Trading Connect. The Dutch banking and financial services company has over 50 blockchain concept projects on-the-go. These projects include blockchain tools that can support client data privacy, collateral lending, physical commodity provenance, debt tracking, and more.

Innovation Shares NextGen Protocol ETF (KOIN)

KOIN was launched by Shares LLC in January 2018, earning returns of around 30% by the end of that year. With investments in technology stocks around the world, the company focuses on growth and value stocks as it counts Intel, Microsoft, and Salesforce as the fund’s top 3 companies.

Innovation Shares NextGen Protocol ETF has had strong growth through the last few years with a high 0.95% expense ratio. Right now, it pays a dividend of 1.5%. Even though investors are not only investing in blockchain technology with KOIN, they still get the benefits of this stock as a tech giant.

Mastercard (MA)

Mastercard is one of the most popular credit card companies in the world, so how did it make it onto a list of blockchain stocks to invest in? After all, many traditional financial companies take a position against the cryptocurrency world and sometimes blockchain itself. However, Mastercard could easily take advantage of the blockchain technology revolution.

At the moment, Mastercard is using blockchain technology as a way to increase the speed of transactions, while reducing transaction costs and lowering the risk of fraud. In fraud alone, Mastercard loses over $23 billion annually, and the use of blockchain to solve this issue could help substantially. The company has already shown that they are willing to involve themselves in this tech, already creating APIs for the creation of the blockchain-related applications.

Microsoft (MSFT)

Standing strong as a blue-chip stock for years, Microsoft is a major name in technology. However, it has been put in a position that it could be a leader in blockchain tech as well, considering the use of the tech in their Azure cloud service. Azure is built on Ethereum, and the cloud platform could become more usable as Ethereum thrives. Some investors even believe that Azure could surpass their rival – Amazon – for cloud-based app hosting.

BaaS for Microsoft has been in development since 2015. However, it has increased substantially in the last couple of years.

NVIDIA (NVDA)

Anyone that is already sold on AMD may want to get involved with NVIDIA. NVIDIA is a competitor of the company, but they are one of the biggest manufacturers of GPU in the entire world, and Bitcoin mining has played a major role in their huge profits.

Along with their progress in blockchain, NVIDIA is expected to make chips for autonomous vehicles, artificial intelligence apps, Internet of Things, and other advancements.

PayPal (PYPL)

PayPal is one of the most popular payment processors in the world, and it announced its first investment in blockchain tech company Cambridge Blockchain in April 2019 during a Series A funding round. This start-up is known for supporting financial institutions and other companies in their work to use blockchain tech in payment management. Less than a year later, in March 2020, news broke that PayPal was looking for a blockchain expert that would help them find ways to employ the tech in dealing with financial crime and fraud prevention cases.

Of course, investing in PayPal isn’t exactly a traditional way to get involved in blockchain. Still, they’ve shown that they are interested in getting involved in the tech, and it could be beneficial to get in on this stock early.

Reality Shares Nasdaq NexGen Economy ETF (BLCN)

If investors want to directly benefit from blockchain technology, then Reality Shares Nasdaq NexGen Economy ETF could be the way to go. The company’s fast growth in the last few years is reason enough, and the dividends of 1% to 2% don’t hurt at all.

This large-cap ETF has invested in many of the top tech companies in the world today, and their top three companies are already on this list – AMD, Fujitsu, and Microsoft. This could be an easy and beneficial entry into the blockchain tech stocks of the world.

Riot Blockchain, Inc. (RIOT)

Riot Blockchain, Inc. has followed much of the same trajectory as many of these stocks – rising high in 2017, dropping low in 2018, and maintaining relatively cheap prices at the moment. Founded in 2000, the company has primarily focused on the creation, support, and operation of blockchain technologies.

The primary efforts of Riot Blockchain, Inc. are focused on the use of blockchain in transactions. As a result, they have already partnered with Coinsquare, TessPay, and Verady, among similar companies. They have also established partnerships with a few Bitcoin miners in the process.

Square (SQ)

Much like PayPal, Square is known for its world as a payment processor, focusing mostly on card payments with business. However, it has been involved in the blockchain and cryptocurrency technology for quite a while. Square Crypto, a department that the company has established specifically for Crypto, is designed to continue building upon the progress of Bitcoin’s network.

With the use of CashApp and Square Capital, Square has gotten involved in P2P payments and business lending. Considering that CashApp is presently one of the biggest competitors to payment processor Venmo, it is clear that Square is looking to be a giant for tech and payments for quite a while. Square has brought Bitcoin transactions to CashApp, which means that users can easily send Bitcoin from one person to another.

Each year, Square processes annually $100 billion in gross payments, and analysts believe that this company will continue to see growth through the years.

Final Word: Is Blockchain the Next Bitcoin or Pot Stock?

Hindsight is a real struggle for the investment world. Every person that has seen the substantial success of Bitcoin through the last decade wishes that they had invested when it was available for mere pennies in its first year. Could blockchain technology be the next Bitcoin? Could consumers find major reward from their investments in the near future?

Maybe. No one really knows what will happen in the future to blockchain technology, and the only factor that consumers can look at is the trajectory of these stocks right now. However, in the next ten years, consumers will want to make sure that they reaped the benefits, rather than losing out on them.

Many are wondering where the next wave of the cryptocurrency market sector will come from, whether it be institutions, bitcoin payment networks, altcoins growth, or of course blockchain-based stocks. Many believe the 2017 ICO craze and 2018 initial coin offering crash can happen all over again, but no one knows just how yet. Altcoins are ripe for the taking, but blockchain-based stocks available could pose the next big phase of growth of bitcoin and beyond. Always know any investment stake into anything cryptoasset-related is extremely risky and could result in serious losses just as it would in any traditional market or public trading exchange.

A financial pundit is calling a few blockchain distributed ledger technology companies' stock the best investment of the decade because of this genesis technology. Watch the presentation during the 2020 quarantine season or read the information shared on why blockchain technology is the investment of the decade.

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