VANCOUVER, BC / ACCESSWIRE / November 1, 2018 / It wasn’t continued ago that “app” was a chat alone techies absolutely understood. Then, Apple (NASDAQ:AAPL) fabricated acclaimed and trademarked “There’s An App For That™” and the apple was set on its ancillary with every aggregation accepting an app or risking abode in technology’s Dark Ages. The change has not slowed; apps accept a cast in every industry and are starting to accomplish arresting impacts in cannabis and cryptocurrencies, two of the hottest arising markets in the apple today.
It’s not Apple, Microsoft (NASDAQ:MSFT) and added tech behemoths abstraction the space. As so generally happens, it’s baby companies that are arch the way with accession that paves the future. Upstarts like AppSwarm (SWRM) and SinglePoint (OTCQB:SING) are ambulatory calm industry pioneers, tech successes and ally for the purpose of spearheading the app movement into cannabis and cryptocurrencies (along with its basal blockchain technology).
It’s for acceptable account that these companies are cyberbanking their futures on their efforts now. With cannabis now acknowledged in one anatomy or accession in added than 30 countries and 30 U.S. states, Arcview Bazaar Analysis and its accomplice BDS Analytics anticipation spending on marijuana will adeptness $57.0 billion by 2027. The bazaar experts at App Annie alleged 2017 a “monumental year for the app economy,” advertisement that all-around app downloads topped 175 billion, while chump spending exceeded $86 billion. The analyst accumulation foresees the app abridgement surging about 380% from 2016 to adeptness $6.3 abundance by 2021.
Indeed, there is a acceptable acumen companies are affective with a purpose to carve out bazaar allotment in these advantageous fields.
The Backbone: AppSwarm Technology
A tech accelerator, AppSwarm specializes in developing and publishing adaptable apps and software platforms for gaming and business, frequently partnering with added companies to abetment in R&D, administration and basic needs. Apropos, this puts the aggregation absolutely in the adaptable gaming bazaar Newzoo estimates will accomplish $46.1 billion this year in accession to its offerings in the cannabis and crypto markets. Addressing this market, AppSwarm assassin Tammy McDonald to arch its Media Play unit. McDonald is CEO of Axis Game Factory, area she has added to her absorbing resume by affairs added than 1.5 actor units of accumulated software applications in its AGFPRO suite.
Further diversifying its portfolio, AppSwarm is additionally currently in discussions to possibly advance its own 5G adaptable carrier account alleged Deep Sky Adaptable through a affiliation with AI VentureTech. As is the affair with AppSwarm, the adventure is on the arch bend of technology, accepted to focus on avant-garde adaptable solutions, such as tracking networks for driverless cars, drones, Internet of Things, Smart Homes and Cities and action networking.
While potentially confusing in the future, the aggregation is architecture amount today with the contempo barrage of the commitment and tracking app LastMile and the SingleCoin Agenda Wallet. These artefact launches – in aggregate with the advanced 5G billow development projects and adaptable fizz carrier – accept resulted in Ludlow Analysis upwardly alteration its appraisal ambition on SWRM to a ambit of $0.07 – $0.10 per share. The aggregation currently trades at aloof 1.5 cents per allotment with a bazaar cap beneath $1.0 million, implying Ludlow sees an upside of 366.7% to the low end of its range.
The advancement in appraisal came afore AppSwarm appear penning a announcement of compassionate to access a yet-anonymous IT solutions and software aggregation with acquirement and EBITDA in 2017 of $1.6 actor and $650,000, respectively.
Moreover, it doesn’t accommodate the contempo collective adventure acceding with KYN Basic Accumulation (OTCPK:KYNC) accessory Algae World. Per the agreement, AppSwarm is architecture an e-commerce belvedere and adaptable app, as able-bodied as business Algae World’s complete artefact line. This artefact bag includes cannabidiol (CBD) alloyed baptize and soda, a affair that has been angry in acceptance in contempo months. CBD is a basic of cannabis accepted to accept alleviative allowances afterwards any consciousness-expanding aftereffect (e.g. the “high” associated with marijuana).
It’s arguable that Wall Street has disregarded AppSwarm because its accomplice on the LastMile Commitment Belvedere and the SingleCoin agenda wallet, SinglePoint, carries a abundant college appraisal (although still arguably low) of about $31 million. As 50/50 ally on the two projects, the two companies accept collaborated abundantly to ensure their successes, with AppSwarm captivation absolute rights to the basal technology for both apps.
As the name implies, LastMile Commitment is focused on the acumen of accepting a artefact from a banker to a customer’s home, a afraid point for abounding majors today, including Amazon (NASDAQ: AMZN), grocery alternation Kroger (NYSE: K), Walmart (NYSE:WMT) and alike Drone Commitment Canada (TSX-V: FLT) to bigger serve chump demand.
The app covers the area of admonition pertaining to appurtenances in transit, giving it account for all parties involved. Companies can actualize products, account and orders for their customers. Dispatchers can receive, adapt and agenda deliveries. Drivers can use the turn-by-turn aeronautics and clue their account of accessible assignments, while barter can get alive admonition about the cachet of their order.
While this can accept functionality beyond a ample spectrum of goods, the companies are authoritative a concerted accomplishment to advance all their assets to get it in advanced of acknowledged cannabis dispensaries and the public. SinglePoint and AppSwarm developed the SingleSeed belvedere congenital on AppSwarm technology accurately for this bazaar opportunity. The downloadable app enables retailers to column photographs and descriptions of their articles while employing argument messaging to bazaar their offerings and body chump relationships and cast loyalty.
The artefact calendar at SingleSeed.com continues to expand. Earlier this month, SinglePoint added three new CBD products, authoritative them anon accessible to barter beyond the U.S. The oil, analgesic and blush accompany a abounding arrangement of CBD products, such as a afresh added nanotechnology CBD baptize of American Premium Baptize (OTCPK:HIPH) that SinglePoint says has apparent added than 200 bottles ordered anon aloft accepting them on the basic shelves.
By itself, this aspect of LastMile can be advised a aggregation maker. As of October 17, adult-use cannabis is acknowledged for almost 37 actor bodies in Canada, not to acknowledgment the day-tripper industry. The 30 states in the U.S. were marijuana is acknowledged accessible the doors to accession almost 200 actor citizens of those states (again afterwards application for tourism). An app and commitment alternation that gets cannabis accurately from the berth to the end-user afterwards catechism has blockbuster potential.
Consider privately-held cannabis commitment account Eaze. The aggregation delivers in baddest cities in California and as of September 2017 had aloft $52 actor to armamentarium expansion, which stood at that time at about 120,000 deliveries per month. Clearly, investors abutment the abstraction and there is beauteous demand.
Cannabis is Plenty to Justify College Value, But Cryptocurrency Too?
As for the SingleCoin agenda wallet, it was acute abundant to accumulate the absorption of Kevin Harrington, the infomercial authority and aboriginal bluff on CNBC’s hit advance appearance Bluff Tank. Harrington aing the SinglePoint aggregation as agent for the launch, which included a civic television bartering attack area Harrington proclaims agenda currencies to be “the aing big thing” and the SinglePoint Powered by AppSwarm agenda wallet to be the best abode to get started buying, application and autumn agenda currencies.
Shortly afterwards the launch, AppSwarm and SinglePoint appear that the app had been installed added than 12,000 times with action continuing to increase. Presently alone acclimated for Bitcoin, the accession of Ethereum is in beta testing with affairs to add Ethereum affairs to the agenda wallet in the a term.
The hottest industry about in 2017, Bitcoin fizz has cooled off in 2018. The actuality is that it is aloof allotment of a accustomed development aeon for any new industry. Cannabis was already the aforementioned way, derided by big Wall Street players as a cult-like fad abounding of adulterine companies. Now, Wall Street has been jumping in hook, band and sinker. Abounding of the aforementioned abrogating things accept been said about cryptocurrency and blockchain technology. Yet, actuality we are today with the canicule of them actuality affiliated alone to anti-establishment sorts continued gone while blockchain comes boilerplate through icons like IBM (NYSE:IBM), Kodak (NYSE:KODK) and Maersk and Bitcoin finds a clearing point afore its aing run up.
The time is afresh appropriate for cryptocurrencies and there couldn’t be a brighter approaching for cannabis. To that end, apps abound and will abide to added adult in the future. Luckily for companies like AppSwarm and SinglePoint, appeal will not falter because our amaranthine appetite today to accept the apple at our fingertip can never be absolutely satiated. For investors, this is the aing aureate befalling to capitalize on a bound arising bazaar segment.
Disclaimer: Nothing in this commodity should be advised as alone banking advice. We are not accountant beneath balance laws to abode your authentic banking situation. No admonition by our advisers to you should be accounted as alone banking advice. Please argue a accountant banking adviser afore authoritative any advance decision. This is a paid advertisement and is neither an action nor advocacy to buy or advertise any security. We authority no advance licenses and are appropriately neither accountant nor able to accommodate advance advice. The agreeable in this commodity is not provided to any alone with a appearance against their alone circumstances. Baystreet.ca has been paid a fee of one thousand eight hundred dollars by a third affair for AppSwarm advertising. This advantage constitutes a battle of absorption as to our adeptness to abide cold in our admonition apropos the profiled company. Because of this conflict, individuals are acerb encouraged to not use this commodity as the base for any advance decision. While all admonition is believed to be reliable, it is not affirmed by us to be accurate. Individuals should accept that all admonition absolute in this commodity is not authentic unless absolute by their own absolute research. Also, because contest and affairs frequently do not action as expected, there will acceptable be differences amid any predictions and absolute results. Always argue a accountant advance able afore authoritative any advance decision. Be acutely careful, advance in balance carries a aerial amount of risk; you may acceptable lose some or all of the investment.
Aaron Bodnar [email protected]
SOURCE: Baystreet Media Corp.
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