A London-listed telecoms investor is expected to become the latest company to jump on the blockchain bandwagon.
Stapleton Capital intends to change its name to Blockchain Worldwide, using BLOC as its stock exchange acronym, as it shifts its focus. Dozens of companies have registered names referencing blockchain, the technology behind Bitcoin and other cryptocurrencies, in recent months.
Blockchain, which enables records to be securely updated immediately, has fascinated investors, who scent huge potential profits. They are trying to unlock its potential in other sectors, such as insurance, medicine and gaming.
Last year shares in Long Island Iced Tea Corporation, an American soft drinks company, nearly tripled after it changed its name to Long Blockchain.