4 stocks relying on blockchain technology

4 stocks relying on blockchain technology

Linius Tech Limited (ASX: LNU) – It is an information technology company that is engaged in commercialization and development of video file technology. The stock was trading at a market price of $0.067 and has seen a daily price change of -$0.001 or a percentage change of -1.471% as at August 20, 2018, 2:50 PM AEST. The stock has undergone a performance change of 36.00% over the past 12 months. Increasing the penetration of virtual video with a target completion date of three to six months, the Company published a list of near-term goals (NTGs), which are intended to drive the long-term goal and revenue.

Ookami Limited (ASX: OOK) has engaged itself in a blockchain venture and into unique financial services software and SaaS technologies; and its stock was trading at a current market price of $0.024 and has seen a daily price change of $0.001 or a percentage change of 4.348% as at August 20, 2018, 2:50 PM AEST. The stock has undergone a performance change of 64.29% over the past 12 months. The company with NCX has completed software architecture and business analysis scoping exercise. To provide and implement its secure cryptocurrency to BPAY/Bank account technologies as Payment Gateway solution, Ookami reached an agreement with ‘Paid by Coins’. The directors continue to consider technologies and solutions for future growth.

First Growth Funds Ltd (ASX: FGF) is an LIC that has undertaken a placement for investment in Blockchain. The stock was trading at a market price of $0.012 and has seen a daily price change of $0.002 or a percentage change of 20% as at August 20, 2018, 2:50 PM AEST. The stock has undergone a performance change of 100% over the past 12 months. Acudeen Technologies that joined hands with FGF, is to list on BTCXA, a digital currency exchange. FGF may also receive additional fees from the sale of tokens while it holds 20% of all tokens. As soon as practical, FGF will seek to convert these tokens to Australian dollars.

Up 22% as at August 20, 2018, 2:50 PM AEST, Genetic Technologies Ltd (ASX: GTG) under the health-care segment, is another name that is engaging in block chain technology for molecular diagnostics. The stock was trading at a market price of $0.011 and has seen a daily price change of $0.002. The stock has undergone a performance change of 28.57% over the past 12 months. The blockchain technologies company has signed a Heads of agreement with Beijing Zishan Health Consultancy Limited. Through this joint venture, both the parties will explore opportunities to achieve market entry into the health sector in the People’s Republic of China. JV will be owned 50-50% by GTG and Zishan and its associated entities.

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