Introduction
- Are you an entrepreneur looking to start a new startup venture revolving around cryptocurrencies?
- Do you know some areas, which look promising and have the potential to grow into something big and worthwhile?
- Have you looked at Blockchain technology as the next big thing in the technological world and want to profit from it?
For a very long time, silent entrepreneurs have been sitting on the sidelines and seeing the crypto ecosystem grow. They have watched with keen interest how Bitcoin and Blockchain have been able to grow into multi-billion dollar opportunities.
There is no doubt that cryptocurrencies have made some investors very wealthy. The potential for profit and growth is so huge that even Wall Street wants a piece of the action. However, apart from investors, entrepreneurial interest in the same has also been growing.
Why Entrepreneurs are falling in love with Bitcoin and Blockchain
Many experts are of the opinion that the tech potential for Blockchain and Bitcoin is endless. They have gone so far as to say that this is humankind’s single biggest tech advancement from the days of the internet.
From altering financial systems to changing the world’s supply chain network, both these technologies have immense potential. This is why the last few years have seen rapid advancements, funding and team building in the field.
There is no doubt that there are plenty of challenges in the field. Being a relatively new form of tech, not much has been done by earlier entrants. However, on the positive side, there is always the first-movers advantage to be had, if you are thinking of setting up a crypto based tech venture.
Three Areas where Entrepreneurs can seek opportunities In Bitcoin and Blockchain
1. Privacy Payment Gateways-
With Bitcoin payments growing all over the world, many are calling for the creation of payment gateways on the same lines as fiat currencies work. Many new fintech companies are also experimenting with currency conversion payment gateways, which convert Bitcoins into local currencies and vice versa.
2. Supply Chain Logistics-
One of the best utilizations of Blockchain technology can be in the field of altering supply chain networks. Many of the leading software tech firms are also evaluating Blockchain as a way of sharing information. In terms of potential, Blockchain has tremendous implications for the Medical, Health, Delivery, Shipping and Logistics industry.
3. Alternative Trading Platforms-
Apart from industry leading Bitcoin Fast Profit™ Official website there are not a lot of credible trading platforms out there. Crypto Exchanges are too big for normal retail investors to get used to. Just like some small, helpful stock trading platforms, changed the way people invested in markets, there is a need for a similar platform on trading and investing in cryptocurrencies.
What Entrepreneurs looking to Invest in the Tech need to do in 2021?
One of the most important things is learning and being aware. The potential for the tech exists, but the real challenge is making is user friendly. Bitcoin and Blockchain as it is are complicated terms to explain to normal human beings.
Entrepreneurs should look to reimagine the terminology and use the tech for common applications. This will help the tech go mainstream and increase acceptability for the same in the common masses.
For example, you do not have to state that the new secure information software you are pitching to a hospital runs on Blockchain. What you do have to state is that-
- It can never be hacked
- It is lightning fast
- Records every information forever
- Cannot be altered without the consent of parties
- Is immutable
Once you are able to approach the business on these lines, you will see that people are interested in the end result and product. Bitcoin and Blockchain technology is coming to revolutionise our world, and we must be prepared for it.
