Blockchain Technology: The Next Great Tech Investment May Surprise You

When you’re a trend investor, like me, the right stocks tend to reveal themselves. You’re not just putting your faith in one CEO or one company’s next-quarter earnings. You’re making a much bigger — and more profitable — investment in the revolutionary trends that shape our world.

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Very often, these trends start with a technology breakthrough. So investing this way tends to mean investing in something new and, possibly, alien.

Or, at least, they sound that way. But here’s what I’ve learned: Most winning tech companies all do one thing. They provide a better way to gather, sort, and communicate data.

Think of Google’s (NASDAQ:GOOGL) famous search engine … Intuit’s (NASDAQ:INTU) TurboTax software … or even Microsoft (NASDAQ:MSFT) Excel. If you could travel back in time and show someone Microsoft Excel, they’d be astounded. After Excel hit the scene in the early ‘80s, an entry-level worker could do the work of an entire accounting department from 100 years before.

Today, blockchain technology is doing the same thing for transactions — everything from currency to real estate to transferring medical records. Within the blockchain, you can do these transactions directly (with no costly middleman!) and with built-in security.

Blockchain is also being used to deal with the COVID-19 pandemic. It’s being looked into for contact tracing to help track the virus. The Wall Street Journal reported that IBM (NYSE:IBM), Ernst & Young, and other companies are working on blockchain projects to help supply chains. And the Senate has reportedly considered blockchain technology for remote voting if necessary.

I know the whole idea of blockchain and cryptocurrencies can seem puzzling, so the most important thing for investors to understand about the blockchain is this:

At the end of the day, the blockchain is just another software program.

A breakthrough and transformative software program, but still…

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