You may know blockchain as the technology behind Bitcoin and several other cryptocurrencies. However, many investors don’t have a thorough understanding of blockchain or the best ways to invest in this exciting tech trend. It’s worth noting that blockchain and cryptocurrency are two different concepts. Blockchain is the underlying technology that powers cryptocurrencies, but it has many other potential applications that have nothing to do with Bitcoin (CRYPTO:BTC) or other digital currencies. (1)
Dozens of publicly traded companies now incorporate blockchain into their operations, offer blockchain-related services to customers, or play a role in the cryptocurrency industry. Some are exclusively focused on blockchain innovation and/or cryptocurrencies, while others are using blockchain-related products and services to complement an existing successful business. One small cap company that is incorporating block chain technology for logistics management is Pushfor Investments Inc (OTC US:PUSOF).
Recently, Pushfor Investments Inc. (CSE: PUSH, OTC: PUSOF, FSX: 713) and its wholly-owned subsidiary AFX Networks, Inc. (“AFX”) announced the engagement of Northern Block Inc. (“NBI”). This technology integration brings the latest advances in blockchain, smart contracts, and digital identification to the AFX logistics platform providing unparalleled security and data integrity for drivers and shippers. (2)
The AFX logistics platform integration to NBI’s NB Orbits Solution provides next-generation dedicated Blockchain applications. AFX is designed to remove the risk and streamline key ‘pain points’ of the North American trucking industry by eliminating data redundancy, allowing immediate payment settlements, mitigating fraud, supporting digital identification, and providing end-to-end supply chain visibility.
Considering the recent advances at PUSOF and trading at mere penny stock levels, this small-cap company seems to have large potential. As always, conduct your own due diligence and follow trader’s vigilance. Other blockchain relayed stocks to consider are Nvidia (NASDAQ:NVDA), CME Group (NASDAQ:CME), Financial technology (fintech) company Block (NYSE:SQ), IBM’s (NYSE:IBM), Mastercard (NYSE:MA), DocuSign (NASDAQ:DOCU), Coinbase (NASDAQ: COIN), GlobalX Blockchain ETF (NASDAQ:BKCH).
Source 1- https://www.fool.com/investing/stock-market/market-sectors/financials/blockchain-stocks/
Source 2 – https://finance.yahoo.com/news/pushfor-investments-inc-signs-agreement-130000868.html
