What is the Best Blockchain Stock?

Blockchain and cryptocurrency have been all the rage over the last few years. There is a lot of hype surrounding blockchain technology and its potential uses, but what is the best blockchain stock? These investments are still highly volatile and subject to high risk, but also high reward (or high loss). However, you may still be interested in getting involved in blockchain stocks. In this post, we’ll take a look at some of the top contenders and try to figure out which one is the best investment. Keep reading to learn more.

What is Blockchain?

Blockchain is a decentralized form of ledger technology that allows for secure and private data storage. When compared to traditional methods, such as banks storing information on internal servers, blockchain’s unchangeable public ledger makes it a more reliable option. In addition, it provides greater security and privacy to the user which is something that’s becoming more and more important to Canadians.

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It’s worth noting that blockchain and cryptocurrency are two distinct things. Blockchain is the technology behind cryptocurrencies, but it has a lot of other uses outside of Bitcoin (BTC) or other virtual currencies. Cryptocurrencies are one potential application of blockchain technology, which also has applications in areas such as digital IDs, rewards and loyalty programs, copyright protection, digital voting, real estate transfers, medical records, wills and much more. In other words, blockchain is a disruptive technology and will radically change the way we use tech in the near future.

The global blockchain market is expected to grow at an astonishing rate of 85.9% in the next decade, hitting a value of $1.43 trillion by 2030 according to a report by Research and Markets. The primary reason for this growth is due to the increasing popularity and worldwide recognition of cryptocurrencies.

Related Reading: Centralized vs Decentralized Exchanges

What are the top 5 blockchains?

Before we can talk about blockchain stocks, it’s important to understand and recognize the top blockchains in the world. Currently, these are the top 5 blockchains globally.


Ethereum is a decentralized platform that runs smart contracts. These are applications that run exactly as programmed without any possibility of fraud or third-party interference. Ethereum is a distributed public blockchain network that enables developers to create and deploy decentralized applications.

Hyperledger Fabric

Hyperledger Fabric is a promising technology that could potentially revolutionize the way businesses operate. It has the potential to streamline processes and increase efficiency by allowing businesses to share data and transactions securely. While there is still some development needed before it can be widely adopted, Hyperledger Fabric shows great potential and is worth keeping an eye on.

R3 Corda

Corda is a distributed ledger platform that enables businesses to transact with each other in a more secure and efficient way. It is designed to improve on the shortcomings of existing blockchain platforms, making it ideal for businesses of all sizes. Corda’s unique features include its ability to handle large volumes of transactions, as well as its support for smart contracts.


Ripple is a real-time settlement network that enables banks to transact with each other quickly and easily. It is built on blockchain technology and uses a digital asset called XRP to power its transactions. Ripple is one of the most promising technologies in the financial sector, and its popularity is growing rapidly.


Quorum provides a decentralized platform for businesses to operate on the blockchain. This platform allows for the creation of smart contracts and provides a secure environment for businesses to operate in. Additionally, Quorum is scalable and has the ability to handle large amounts of transactions.

Related Reading: How To Find And Choose An Investment Advisor

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10 Best Blockchain Stocks

If technology and blockchain excite you, it may be an industry you want to invest in. Keep in mind that blockchain and related functions, like crypto, are still new and volatile. For this reason, you should proceed with caution when investing in blockchain. Check out 10 of the best blockchain stocks below.

1. Mastercard Incorporated (NYSE:MA)

Mastercard Incorporated is one of the leading blockchain stocks, having grown by 1.99% in only the past six months as of April 18, 2022. The company offers a blockchain API to secure and streamline business-to-business (B2B) payments and trade finance transactions.

In 2019, Mastercard Incorporated announced its partnership with R3 – a blockchain solutions provider – in order to create a faster cross-border payments platform that would work across the globe. As of 2021, Mastercard Incorporated has filed over 89 patents for blockchain technology and has over 280 pending applications.

2. Visa Inc. (NYSE:V)

Visa Inc. is presently a frontrunner in blockchain and cryptocurrency adoption, going up against its competitor Mastercard Incorporated above. Visa is continuously evolving to allow cryptocurrencies to reach their complete potential in order to deliver more value and access to the crypto ecosystem. To make trading and holding digital assets easier, the firm has implemented crypto APIs into its services. The stock is on an uptrend and was highly ranked as a blockchain stock.

3. PayPal Holdings Inc. (NASDAQ:PYPL)

PayPal Holdings Inc. has been at the forefront of the blockchain industry since it invested in Cambridge Blockchain, a leader in blockchain-based business solutions, to look for possibilities with blockchain technology back in 2019. Then, in 2021, PayPal Holdings led a $300 million investment round with Visa Inc. for Blockchain Capital, a cryptocurrency venture capital firm.

PayPal is developing its own stable currency in competition with fiat currencies. Features have been added to the platform that allows PayPal account holders to use cryptocurrencies like Bitcoin, Ethereum, Litecoin, and Bitcoin Cash to purchase items and services. The firm is relatively young on the blockchain scene but ambitious and poised for growth.

4. Galaxy Digital Holdings (TSX:GLXY.TO)

Galaxy Digital Holdings has various independent businesses that utilize and focus on blockchain technology. More specifically, these segments are trading, asset management, principal investment and advisory. The stock has already done quite well, growing exponentially between March 2020 and November 2021.

5. Block Inc. (NYSE:SQ)

Block, Inc. is a financial services and digital payments organization based in San Francisco, California. CashApp is a popular bitcoin trading platform provided by the firm. According to the company’s earnings report for the fourth quarter of 2021, revenues from CashApp were $2.6 billion, up 17.5% year over year and accounting for 63% of total revenue for Q4 2021.

Block, Inc. also has an independent platform known as Spiral. This is specifically for Bitcoin developers to build projects that don’t require funding and are open-source. These improvements include scalability, privacy, security, and user experience of bitcoin users.

Related Reading: Best Canadian Stocks: Top Picks for 2022

6. Neptune Digital Assets (TSX:NDA.V)

Neptune Digital Assets has three main divisions that are all sustained by blockchains. There is a great focus on cryptocurrency within Neptune Digital Assets, despite the company having various divisions within blockchain. The organization is based out of Vancouver and has already experienced impressive growth between 2019 and 2021.

7. Minehub Technologies (TSXV:MHUB.V)

Minehub Technologies differs from the competition because they focus on supply chain solutions via blockchain. Their processes support smart contracts, shipping tracking, documentation, logistics and even financial data storage. Minehub Technologies was founded in 2018 and is based in Vancouver.

8. Oracle Corporation (NASDAQ:ORCL)

Oracle Corporation is a multinational IT company that provides solutions and services to businesses in the field of information technology. The firm is most recognized for its cloud computing suite. The Oracle Blockchain Platform Cloud Service, which is capable of running smart contracts while maintaining an immutable distributed ledger, is available from the organization.

The Hyperledger Fabric platform enables the development of secure and verifiable decentralized applications that share tamper-proof, validated data with suppliers, banks, partners, and other relevant entities.

9. Coinbase Global Inc. (NASDAQ:COIN)

Bitcoin storage company Coinbase Global, Inc. is a provider of financial infrastructure and technology for the crypto economy in the United States and globally. The firm runs the world’s largest cryptocurrency exchange with over 10,000 digital assets tradable on its platform.

Coinbase Global, Inc. is one of the finest blockchain stocks to invest in for 2022 because it has a consumer base of roughly 89 million verified users, 11,000 businesses, and 185,000 ecosystem partners across 100 countries.

10. International Business Machines Corporation (NYSE:IBM)

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International Business Machines Corporation offers integrated solutions and services to clients all over the world. Its four main divisions are Software, Consulting, Infrastructure, and Financing. Out of all enterprise-level blockchain solution providers, IBM is ahead of the pack. Its own blockchain platform runs on Hyperledger technology, which makes IBM a great choice if you’re looking into investing in blockchain stocks.

Related Reading: Best Cryptocurrency ETFs in Canada for 2022

Is investing in blockchain safe?

Blockchain technology is relatively new and as such, there are inherent risks associated with its use. Despite this, there is a growing belief that blockchain is safe to invest in and that its potential rewards outweigh the risks — especially in the long run. While blockchain does have the potential to revolutionize how businesses operate, it is still in its infancy and there is no guarantee that it will live up to the hype. Therefore, it is important for investors to do their due diligence before investing in blockchain-based startups or cryptocurrencies.

Read More: How To Invest $1000, $10,000 Or $100,000

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