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Highlights
- Blockchain is popularly known as the technology behind Bitcoin and many other cryptocurrencies.
- Although blockchain technology is generally associated with cryptocurrency, it has many other applications, such as creating digital IDs and medical records.
- Blockchain technology is on the way to dominate many industries, like finance and technology in the neat future.
Blockchain is a very popular concept nowadays as it is known as the technology behind Bitcoins and other cryptocurrencies, which is a rage at present. Also called as distributed ledger technology, blockchain is used to maintain decentralized records by creating an unchangeable public ledger which is accessible to all its users. This way the user privacy is fully protected due to anonymity and retroactive change in data is restricted.
Although blockchain technology is generally associated with cryptocurrency, it has many other applications too, such as creating digital IDs, medical records, carrying out real estate transfers, copyright protection, rewards and loyalty programs, as well as for digital voting. Standing in line with technologies like Artificial Intelligence and cloud computing, blockchain technology is on the way to dominate many industries, like finance and technology, in the coming years. Investing in blockchain technology may be a smart choice for investors right now.
RELATED READ: 6 blockchain stocks on radar for a future-ready portfolio
Here are 3 LSE-listed blockchain stocks which you can buy now.
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Argo Blockchain PLC (LON: ARB)
Global data centre business Argo Blockchain PLC offers an efficient and robust platform for operations related to cryptocurrency mining. Its goal is to support the top blockchain networks across the globe, while creating and maintaining a green and efficient mining infrastructure. The current market cap of the company stands at £516.76 million as of 8 December 2021. It has given a return of 884.58% to its shareholders in the last one year and its YTD return stands at 225.95% as of 8 December 2021.
Argo Blockchain PLC’s shares were trading at GBX 109.00 at 12:07 PM (GMT) on 8 December 2021.
Quantum Blockchain Technologies PLC (LON: QBT)
Previously known as Clear Leisure plc, Quantum Blockchain Technologies PLC is a UK-based company which has initiated a robust R&D and investments programme in the dynamic world of Blockchain Technology. It focuses on areas such as cryptocurrency mining as well as other advanced blockchain applications. The most innovative startups across the sector are chosen by the company with an aim of developing exciting synergies. The current market cap of the company stands at £26.54 million as of 8 December 2021. It has given a return of 1,389.50% to its shareholders in the last one year and its YTD return stands at 1,088.40% as of 8 December 2021.
Quantum Blockchain Technologies’s shares were trading at GBX 2.95 at 1:52 PM (GMT) on 8 December 2021.
RELATED READ: 5 emerging blockchains that may become Ethereum killers in 2022
Online Blockchain Plc (LON: OBC)
Leading UK-based blockchain research and development firm, Online Blockchain PLC, focuses on innovating advances solutions for the cryptocurrency and decentralised ecosystems. It is engaged in the incubation of cryptocurrency startups, development of technical innovation in the blockchain space, and persistently setting new standards for decentralisation. The current market cap of the company stands at £6.58 million as of 8 December 2021. It has given a return of 113.86% to its shareholders in the last one year and its YTD return stands at 10.12% as of 8 December 2021.
Online Blockchain PLC’s shares were trading at GBX 46.00 at 1:39 PM (GMT) on 8 December 2021.
