Given the incredible growth of the cryptocurrency market over the past year, it should come as no surprise that everybody is getting involved. Bitcoin’s record run in December led to a frenzy of investment, and new ICOs were popping up almost daily. It wasn’t just investors who sought to get in on the action, a number of companies decided to try to turn the blockchain trend to their advantage.
Some smaller companies, such as the Iced Tea Company, now known as Long Blockchain (LBCC), saw huge share price boosts by simply implying they were entering the cryptocurrency market without really specifying a project. Larger companies like Kodak (NYSE: KODK) seem to be leveraging their resources to find a genuine solution to a market problem.
These “corporate coins” represent a big potential change in the way new cryptocurrencies are created, and Global Blockchain Technologies (CSE: BLOC ; OTC: BLKCF) is positioning itself to benefit from this new trend.