Blockchain is more than just a buzz word. In fact, blockchain is being considered one of the biggest market disruptors the world has ever seen. If you think the Internet was something big, blockchain could be even bigger. The 1st Industrial Revolution was steam, the 2nd was electricity, and the third was computing. Now it is blockchain that could be considered the 4th. While almost everybody is talking about this revolutionary technology, not too many people know why it is important, or what it can do. Blockchain is essentially a distributed database that acts like a global spreadsheet which runs on millions and millions of computers. It is distributed and it is open source, which means anyone can change the underlying code and can see what is going on. This is truly peer to peer, and it does not require powerful intermediaries to authenticate or to settle transactions. Blockchain eliminates the middleman. The technology is being called by some, ‘the biggest innovation in computer science’ and it has the potential to transform global commerce and change almost every industry. Active companies involved with blockchain sector in the markets this week include: Hive Blockchain Technologies (OTC US: HVBTF) (TSXV: HIVE), Minerco, Inc. (OTC US: MINE), Victory Square Technologies, Inc. (OTC US: VSQTF) (CSE: VST), Neptune Digital Assets Corp. (OTC US: PPTF) (TSXV: NDA)
The increasing need for simplifying the business processes and need for supply chain management applications integrated with the blockchain technology is driving the overall blockchain market. There will be a seismic shift to how business will be conducted in the future and organizations will be scrambling to adapt blockchain models to keep up. According to Market and Markets, the global blockchain market size is expected to grow from $3 billion in 2020 to $39.7 billion by 2025, at a staggering CAGR of 67.3% in five years.
Minerco, Inc. (OTC US: MINE) BREAKING NEWS:
Minerco (MINE) Subsidiary, SHRUCOIN and TECHSULT, a world-renowned software developer, are partnering to bring SHURCOIN to Africa Via m-PESA’s phone based mobile money transfer service
Minerco, Inc. “The Magic Mushroom Company”, today announced that Minerco’s SHRUCOIN, a blockchain technology that enables cryptocurrencies such Minerco’s SHRUCOIN (www.shrucoin.com) to bypass traditional sales channels, has partnered with TECHSULT, a world-renowned software developer, to bring SHRUCOIN to Africa via m-PESA’s phone based mobile money transfer service. m-PESA has over 500 million users and $500 billion in transactions mobile money in Africa.
m-PESA, was launched in 2007 by Vodafone & Safaricom and is the largest Mobile Network Operator in Kenya. m-PESA is an electronic mobile money service that allows users to store, send and receive money on their mobile phones. With an M-PESA account, users can transfer cash and shop for products and services. They can also withdraw cash by visiting an agent (typically in a corner shop) or transfer it to others from their phone. This makes it a quick, safe and simple way to make payments and handle money. It’s particularly useful to users who have no bank accounts and live in remote rural areas. They are able to access the numerous M-PESA outlets distributed across the country.
Julius Jenge, Chief Executive Officer of Minerco, Inc., said: “This partnership with TECHSULT puts the company in an enviable position in the global Money Market. For the first time, more than $1 billion was sent and received in the form of remittances globally every month via mobile money. Despite early fears that transactions would decline as people worldwide suffered job losses and income cuts during the pandemic, it remains clear that diasporas continue to support family and friends back home. As a result, the total value of transactions increased by 65 percent to an annual total of $12.7 billion in 2020.”
He continued: “This deal makes SHRUCOIN the first American company to enter Kenya, Uganda, Tanzania, Rwanda, Nigeria, Ghana, Zambia, and South Africa markets, which are the fasting growing blockchain purchasers market in the world. Management believes that this deal can generate substantial revenues to the Company and increase the value of the Company’s shareholders equity.”
For more information, visit www.SHRUCOIN.com
FOR MORE INFORMATION ABOUT THE INDUSTRY AND MINERCO, PLEASE ALSO VISIT: https://psychedelicstox.com/2021/04/29/investor-alert-unique-triple-play-opportunity-now-unfolding-in-three-rapidly-growing-markets/
Other recent developments in the markets include:
Hive Blockchain Technologies (OTC US: HVBTF), a growth oriented company building a bridge from the blockchain sector to traditional capital markets, recently announced that the company has completed the share swap transaction with DeFi Technologies Inc. (NEO:DEFI, GR:RMJR, OTC: RDNAF), pursuant to which HIVE will receive 10,000,000 common shares of DeFi Technologies, representing approximately 5% of the existing outstanding common shares of DeFi Technologies in exchange for 4,000,000 common shares of the Company, representing approximately 1% of the Company’s issued and outstanding common shares. Completion of the transaction is conditional on the approval of the TSX Venture Exchange. In addition, HIVE and DeFi Technologies have created a partnership surrounding the “decentralized finance” (DeFi) ecosystem with specific applications around Ethereum and Miner Extractable Value (MEV). The new partnership, which follows months of discussions, will provide HIVE with a strategic stake in DeFi Technologies and a broader partnership surrounding the DeFi ecosystem with a specific focus on the Ethereum based MEV space and developments surrounding it.
The boom in Ethereum has 3 powerful drivers, and DeFi has been a substantial part of the additional fees HIVE has received for mining Ethereum on the cloud. The other are Stablecoins and more recently non-fungible tokens or NFT’s. We believe DeFi is the most significant demand driver and our investment in DeFi Technologies gives our shareholders a double benefit.
Victory Square Technologies, Inc. (OTC US: VSQTF), a company that provides investors access to a diverse portfolio of next generation internet companies in key sectors including: the circular economy, digital health, gaming, blockchain, AR/VR, cybersecurity, and fintech, has signed a binding letter of intent (LOI) on April 23, 2021 to invest in the renewable energy company Stardust Solar, a leading renewable energy company operating in the United States and Canada. Founded in 2017, Stardust Solar is a leader in renewable energy education in Canada, providing CSA/NABCEP approved design and installation training with hands-on experience. Stardust Solar is also one of the first companies in North America to offer a franchise opportunity dedicated to the installation of solar PV systems.
VSTQF CEO Shafin Diamond Tejani said, “We are very excited to be investing in Stardust Solar. This strategic investment aligns with our Company’s vision of working with technology and sustainability influencers as we endeavour to eradicate damage to our environment and create a more sustainable and eco-friendlier footprint.” Tejani continued, “And, it’s not just an environmental issue, it’s an economic opportunity as well. Good innovation investing focuses on technologies and companies that are likely to have a positive impact on the environment, our society, and the world’s ability to create further innovations.”
Neptune Digital Assets Corp. (OTC US: NPPTF), a company which aims to be a cryptocurrency leader with a diversified portfolio of investments and cryptocurrency operations, has recently announced that the company’s initial purchase of 300 Bitmain S17 Bitcoin mining machines have landed in Calgary, Alberta and have been thoroughly tested and are now being installed within Link Global Technologies’ hosting facilities and will be generating a total hash rate of 15,512 Terahash per second (Th/s). The Company will provide further updates as to the machine economics over the coming weeks and as more machines are received and come online.
Neptune’s President and Chief Executive Officer, Cale Moodie, commented: “We are thrilled to inform our shareholders that we have now commenced Bitcoin mining operations. We will push forward to expand our aggregate operating hash rate as mining rigs become available now that we are well capitalized to do so. We remind our shareholders that COVID-19 may impact the logistics and supply of mining units. We are also very pleased with the profits being generated in our proof-of-stake operations and will continue to grow and optimize that business segment.”
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