Global Arena Holding Inc (OTCMKTS:GAHC) Early Investment in Blockchain is Paying Off

Global Arena Holding Inc (OTCMKTS:GAHC) has remained in a seady upward rise for the past few weeks, and there a number of reasons. Most prominent is its investment in blockchain and the massive increase in awareness of blockchain technology capabilities in the past six months. In this piece, we provide you with details on GAHC and recent developments in the company’s operations.Here is the price movement of the stock below: GAHC Daily ChartBrief OverviewGlobal Arena Holding, Inc. is a financial holding and technology development company. The company through its subsidiaries is focused on acquiring technologies, patents and companies having the ability to leverage the blockchain crypto technology. Global Arena Holding Inc. (GAHC) became a public company on May 27, 2011 when it successfully completed a reverse merger with China Stationary and Office Supply (CSOF), an OTC Bulletin Board Company. The name and symbol were subsequently changed to Global Arena Holding Inc. and GAHC* respectively. GAHC holds a number of interests including; Global Election Services Inc., Global Arena Investment Management and GAHI Acquisition Corp., a company incorporated to be the merger subsidiary for a proposed acquisition of Blockchain Technologies Corporation.Recent DevelopmentsGAHC recently announced that after months of development and testing, the Company's subsidiary, Global Election Services, Inc. has begun the implementation of new proprietary software and hardware to utilize in ballot scanning during the tabulation process. The software is advanced OMR/OCR/Barcode software featuring de-skewing, de-speckling and image correction. The computer hardware and software developed by GES over the past few months was designed to run without Internet or Wi-Fi access. Recent news reports have stated that elections systems with online access can be compromised by hackers. GES' new system is hard wired, not using the Internet or Wi-Fi, ensuring complete security. The system allows for triple auditing capabilities, which are; electronically generated tabulation results, jpeg imaging and storage, and the original physical ballot. This advancement gives GES the ability to tabulate elections faster and more efficiently, and brings the opportunity for GES to compete for larger elections. GES recently deployed this system in an actual election and it operated flawlessly.John Matthews, CEO of Global Arena Holding, Inc. outlined that the company’s priority is to provide its clients with the absolute best election services possible. With the newly proprietary tools, coupled with decades of reputable election management experience, it would be easier to make that slogan a reality. He also mentioned that the company would continue to aggressively pursue technological advancements that will give GES the competitive edge.In addition to this ballot scanning system, the company is developing multiple election platforms including Internet voting and voting solutions using the Blockchain.As far back as 2015 the company has secured with an initial investment, six blockchain startups, five provisional patents, one non-provisional patent and the expertise of Mr. Nick Spanos (president of Blockchain Technologies Corporation), through its subsidiary's acquisition of Blockchain Technologies Corporation.GAHI Acquisition Corporation formally initiated the acquisition of BTC with an initial investment into the technology firm, solidifying the company's entry into the Blockchain.John Matthews and Nick Spanos, CEO of Global Arena Holding and President of Blockchain Technologies respectively, commenced this acquisition effort during the 2nd Quarter of 2015. In the next quarter, the firm secured the initial capital required to start formal execution of the Agreement and Plan of Merger between GAHI and BTC.As a result, the company had a tenable accumulation of up to 30% of BTC in the initial transaction, having acquired a 10% stake of BTC through a cash and stock deal and secured a right to acquire an existing position held by a third party BTC debt holder which is convertible into an additional 20% stake of BTC. The objective is forAnd with BTC under its umbrella, the company intends to leverage its new competitive advantage, using this distributed consensus model, to influence and create BTC to ultimately merge with GAHI, leaving GAHI as the surviving entity.Company management believes that it is well positioned to make significant contributions to the ongoing development of what has been suggested to be the most important invention since the Internet.Company FinancialsThe company’s revenue has remined on an upward trend, rising from $28,000 in 2014 and $0.96 in 2015 to $1.22 million for 2016. This has in no small way contributed to the firm’s increased value.More importantly, the firm has reduced its net loss figures resulting from high interest and admin expenses to $2 million, a 50% reduction from 2015.The firm’s total assets have largely stayed the same, but it remains highly geared which has resulted to the very high interest expenses mentioned earlier. To turn around its losses, management needs to reduce its debt balance and control its admin costsConclusion Global Arena need to be properly understood by its investors, as it is just a holding company. It’s not a pure play technology company like Google or Facebook or Snap. So that means investors really have to scrutinize what the company has in its acquisition portfolio before making any further decisions on the company. Currently, it has a properly diversified portfolio and if it keeps on at this rate, it will become a clear a winner.We will be updating our subscriber as soon as we know more. For the latest updates on GAHC, sign up below!Disclosure: We have no position in GAHC and have not been compensated for this article.