I’d Ditch Privacy for Blockchain. Would You?
There’s nothing worse than waiting in line at the DMV.
I was stuck there just the other week waiting to renew my driver’s license. It didn’t matter that I’d shown up right when the DMV opened. I still ended up wasting most of the morning sitting around in a hard, plastic chair.
At one point I even turned to my team for moral support:
The experience itself was brutal, but not unique. Birth certificates, Social Security cards, passports — these personal identification records are a pain for everyone to get replaced or renewed.
And the cost is our precious time.
But what if there was a better, faster way to prove that you are who you say you are? One that could remove the old, time-consuming method of paper identification?
Blockchain Offers a Better Solution
Back in August of 2017, I said that I’d be willing to get “chipped” if it made my life easier.
A lot of people thought I was crazy for even suggesting the idea of putting a chip in my body. But if it means that I could ditch my wallet, my license and my passport … and never again waste time getting these items renewed … I’m all for it.
We now have the capability to make this idea a reality with an invention called blockchain. It’s basically an unalterable electronic record that can hold all of our personal information in one place.
With a single chip connected to the blockchain, we could carry around with us everything we’d ever need. And it would reduce a lot of the bureaucracy we currently deal with in order to gain access to our personal information.
I talk more about this technology and its uses in the video below, and also give you two unique ways to invest in the coming blockchain revolution. Just click the “play” button below to hear more about it:
(If you’d prefer to read a transcript, click here.)
Gain Broad Exposure to Blockchain With This ETF
While I don’t cover this in the video, investing in the semiconductor industry is another great way to profit from blockchain.
Semiconductors are an important part of the chips we use to process data. And the more data we have, the faster and more capable these chips need to be. That means chip companies are going to be in high-growth mode as blockchain technology booms.
A great way into this industry is through the VanEck Vectors Semiconductor ETF (NYSE: SMH). This is a basket of stocks that I first recommended back in June of 2016 because of its exposure to some of the world’s leading chipmakers.
Since my initial recommendation, SMH is already up by 90%. However, I believe it has the chance to soar much higher as this industry develops.
Editor, Profits Unlimited