Who will win the war between FAANGS and Blockchain? Some of you may say, FAANGS and some may not. Well, for businesses, both of them are extremely important. Businesses are interested in blockchain and FAANGs because of their expected positive growth. Even when FAANGs dominates the web ecosystem, the blockchain technology will be reinventing the internet and services related to it.
Now the debate is who is going to win the war? Well, before we discuss this, it’s better to understand what exactly FAANGs and Blockchains are?
Blockchain is a technology that was introduced back in 2008, but still many people are not aware of this technology trend. Blockchain is basically used for recording payments, but in a more secure manner because it is encoded and centrally controlled. Many businesses have started investing in this technology.
According to a study conducted by College Essay Writing Services, many forums such as Facebook are developing their own blockchain-based crypto.
If you search for any finance site, you definitely will see an article about “FAANG stocks.” However, if you are new to investing, this may confuse you. While scrolling the website you may think that they are talking about the company that deals with snakes and vampires.
But the reality is completely opposite. The acronym FAANGs represents the world’s most renowned and most important tech stocks, businesses that have changed our daily lives.
- Facebook: The world’s leading social media platform
- Apple: The manufacturers of iPhones
- Amazon: Multinational technology company that focuses on e-commerce, cloud computing, AI and digital streaming
- Netflix: The most successful video streamer in the world
- Google: The most successful search engine in the world, especially used by students, mostly for Coursework Help
In the year 2019, Facebook announced that they have created a team to study how the blockchain technology can be used in developing new products and it was predicted that Facebook is going to introduce its own block-chain based crypto in 2020. The platform is using blockchain to enhance the privacy of the users.
Amazon has recently launched AWS blockchain templates in its cloud service to install frameworks for ehereum and Hyperledger on its cloud platform. The service is included in its plan to provide Blockchain-as-a-service (BaaS).
Apple has filed a new patent that indicates that the company will be creating a system by using blockchain technology for certifying timestamps. In the company’s patent application, it is stated that the blockchain technology will be used in a distributed system of elements like a Micro SD or a sim, to create resilience. The timestamps are a part of Apple’s proposed system for ‘multi-check architecture.’
In 2019, Disney+ has launched in America and challenged Netflix’s domination in the market. To retain its competitive advantage, Netflix is incorporating blockchain technology into its platform.
Alphabet Inc.’s subsidiary Google is planning to use blockchain technology to secure customer’s data on its cloud service. The idea is to provide companies with a white label version to use on their servers. Google’s Venture investing arm Google Ventures (GV) has also invested in blockchain startups.
To conclude, Blockchain technology is surely going to be the next big thing. This can be analyzed by the number of businesses investing in this technology trend. Even FAANG is looking for ways to use blockchain technology, for instance, Facebook is planning to use blockchain technology to enhance the privacy of the users that are on its platform. You can visit EazyResearch to know more about how FAANGs is going to incorporate blockchain technology.