Picture a world without calculators.
A single mathematical equation could take multiple pages of written work before a solution was reached. Not to mention the factor of human error and the time required to solve a problem.
Nowadays, people seem to take the machines and programs that complete these calculations for granted.
We’ve become so accustomed to relying on calculators that we forget the efficiency they add to our everyday lives.
If you’ve read this far, you’re probably asking yourself, what do calculators have to do with Wall Street and how do they apply to profiting from the stock market?
Bear with me. I promise this will all tie together.
In many ways, calculators are similar to blockchain technology.
Just like calculators are able to compute answers flawlessly and in a fraction of the time it would take if using a handwritten equation.
A blockchain is faster and more reliable in comparison to a traditional database.
But don’t just take my word for it!
Many big corporations are aware of the benefits of adopting this technology into their business and have already begun testing blockchain platforms.
Let’s use the shipping industry as an example.
Currently, companies within this trade are required to complete and approve hundreds of documents before cargo can enter or leave a port.
Not only does this cause a massive delay for shipment orders that can take days to process, it’s not entirely secure.
However, blockchain technology would improve the overall efficiency and transparency for these companies by reducing the paper trail from days to minutes and allowing transactions to be verified autonomously.
Blockchain would remove human error from the equation as well, considering it requires no human input.
So what’s in it for you?
This would be a HUGE innovation for the industry as costs would drop and turnaround rates would increase, resulting in more prosperous companies.
According to the West Economic Forum, the switch to blockchain could generate an additional $1 trillion to the global trade industry.
To say the least, this transition would revolutionize the shipping industry!
Here’s how YOU can profit from it.
Take a look at the chart for the Genco Shipping and Trading (GNK) below.
At first glance, this chart may not appear to be very attractive.
But if you take a closer look, you’ll notice that following the downtrend, share prices started to climb back up near the end of 2017.
You can think of these charts as a phoenix rising from the ashes.
When stock prices consistently plummet below the 40 week moving average and then breakout above it, it’s usually a good indication of a worthy investment opportunity!
To make matters even more appealing, the stock has refused to dip back down and instead has continued to bounce up.
So what affect does blockchain have on the stock charts related to the shipping industry?
It has the potential to speed up the process!
In other words, the introduction of blockchain technology into the shipping industry could raise your profit AND speed up the process.
Your investment in Genco could produce a 1,300% gain and climb to where it sat a few years ago.
To put this into perspective, a 100% gain doubles your money and since it’s breakout, this stock has already shot up about 200%!
You may need a calculator to figure what kind of money could come out of 1,300%…
Either way, there’s no arguing that these shipping companies could make you some serious profits if blockchain is accepted by the industry.
Considering these corporations are already testing out blockchain platforms, there is a high probability that it will officially become a part of their business model in the near future.
Think about it.
If presented with an equation, would you rather spend the time solving it using leaves of paper and a pencil or would you prefer to have a calculator do the work for you in seconds?
I think the answer is pretty self-explanatory.
And the majority of these companies within the shipping industry more or less view managing their business the same way.
Next time, when you’re looking to make some money from the stock market, think of the affect blockchain technology could have on certain industries and the profits that you could make from it.
