Today, many companies are adopting blockchain technology.. According to some estimates, the blockchain market, which was worth $210.2 million last year, could reach $2,312.5 million by 2021.
Blockchain technology is largely used by banks, payment systems and financial institutions. , companies outside of these areas also believe that this technology is promising.. Airbnb, Uber and Capital One are some of the companies that have started incorporating blockchain technology. This can make Nvidia profit.
Why Are They Embracing Blockchain?
Today, every bank worldwide is vulnerable to a hacking attack.. As a result of such a situation, customers whose identity information has been stolen by hackers may lose confidence to ATMs and credit cards. Financial institutions also have a reputation for losing customer data.. As they lose customer data, they also lose customer trust.. Blockchain technology aims to reduce such information theft.
Former Ethereum lead developer Roman Mandelei:
“Identity I think that blockchain technology, which allows you to control your information with a private key that only you know, will completely eliminate the case of hacking your credentials because hacking is not possible.. Even if it is possible, it is less possible compared to the database systems currently in use.”
Nvidia Grows as Blockchain Grows
This interest in blockchain technology by many companies is highly likely to have a positive impact on Nvidia’s sales. Huge companies like IBM and Samsung are already recruiting Bitcoin and blockchain experts. If such companies use chips produced by Nvidia, we can say that the future will be quite bright for Nvidia.
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Price analysis: ETH, BTC and LTC (June 22, 2017)