During the panic of “Y2K” and the tech market crash that followed soon after, American companies learned a valuable lesson—never underestimate the dangers (or the complexities) of new technology. Now, it seems, history may be doomed to repeat itself as some of America’s largest companies wrestle with their own outdated blockchain infrastructure.
Many companies rushed to implement blockchain-based technology over the last few years, with one unfortunate consequence. “Product managers should prepare for rapid evolution, early obsolescence … and the potential failure of early-stage technologies/functionality in the blockchain platform market,” according to the experts at Gartner (Source 2). These companies (and thousands more) will require an enterprise-grade, scalable “turnkey” solution to maintain security and viability moving forward. Those same experts at Gartner are warning those companies that they have less than 12 months to make it happen (Source 2).
Fortunately, one company has been hard at work on a platform to power the new decentralized economy. United Royale (OTC:URYL) and its Northern Shield platform.
1. Within the next 12 months, Gartner estimates that 90% of enterprise blockchain applications will require immediate replacement to maintain security, remain competitive, and avoid obsolescence (Source 2)
2. As of November 1st, 2021, the company finalized its acquisition of TrueNorth Quantum, Inc. and its proprietary Northern Shield platform for developing advanced, decentralized apps on the blockchain (Source 3).
3. United Royale’s blockchain platform is scalable and optimized to “leapfrog” new Decentralized Apps (or “DApps”) of any size to market 5x faster than the competition. All while disrupting a sector projected to soar to $368 Billion by 2027 (Source 5, 6).
4. Blockchain has boomed and is projected to add over $176 Billion in business value by 2025. The Northern Shield platform is designed to meet the blockchain security standards of major financial institutions across various markets, from FinTech to MedTech (Source 4).
Incorporated in Kowloon, Hong Kong, in 2015, United Royale (OTC:URYL) is a small-cap stock with 3+ years of trading history on the OTC. As of Nov 3, 2021, it also had a market cap of just over $110 million (Source 17).
Shares were trading as high as $6.50 as recently as Dec 04, 2020, before tumbling to $0.80 when the market closed on Nov 02, 2021.22 This downside price action was likely due to the company’s aggressive pivot into the blockchain space, which remained a mystery following the dismissal of prior management in March of 2020 (Source 18).
Fortunes for the stock have dramatically changed since the summer, though. As the company’s vision has become clearer, the stock has seen an uptrend, starting with announcing a Letter of Intent (LOI) to acquire TrueNorth Quantum Inc. on Jul 30 of 2021 (Source 19).
Other stocks in crypto currency related space include Coinbase Global (NASDAQ:COIN), Square (NYSE:SQ), PayPal Holdings (NASDAQ:PYPL), Canaan (NASDAQ:CAN), AMD (NASDAQ:AMD) and Nvidia (NASDAQ:NVDA), Hut 8 Mining (NASDAQ:HUT) and Facebook (NASDAQ:FB).
Click HERE to read more about United Royale (OTCMKTS: URYL). As always, conduct your own due diligence and follow the trader’s vigilance.
Sources: Source 2: https://www.gartner.com/en/newsroom/press-releases/2019-07-03-gartner-predicts-90–of-current-enterprise-blockchain (90% of 81 is 72.9). Source 3: https://www.yahoo.com/now/united-royale-group-holdings-corp-121031049.html. Source 4: https://www.gartner.com/en/doc/3855708-digital-disruption-profile-blockchains-radical-promise-spans-business-and-society. Source 5:https://truenorthquantum.com/wp-content/uploads/2021/07/TNQ_Fact-Sheet_draft_02.pdf. Source 6: https://www.emergenresearch.com/industry-report/dapps-market. Source 17: https://bit.ly/3waNLoU. Source 18: https://docoh.com/filing/1652842/0001669772-16-000001/URYL-3. Source 19: https://finance.yahoo.com/news/united-royale-group-holdings-corp-123000885.html
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