Feb 9, 2019 09:30 UTC
Feb 9, 2019 at 09:30 UTC
Key Trends and Developments for Blockchain and Cryptocurrency in 2019
While 2018 saw developments in the field of cryptocurrency and its underlying technology of Blockchain, however, for the most part, the year was marked by a slump in the prices of the top digital coins. The slump led to delayed progress in this nascent field.
In the new year our hopes are renewed and while we do not know what course the markets will take through the year, yet we do foresee some key trends and developments for Blockchain and cryptocurrency in 2019.
In this article, we will be talking about some of the major trends to shape the evolution of the crypto industry this year. Let’s begin.
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Blockchain Technology Trends in 2019
2019 is the year when Blockchain Technology will enter a new era.
The distributed ledger technology will witness mainstream adoption across sectors. Hence, we can safely say that Blockchain may begin to play a critical role in our day to day lives.
As per CEO and Co-Founder of INAVO, Frank Wagner, investment will become easier in 2019 thanks to Blockchain-based financial offerings which will be legally compliant.
The CEO of the Gibraltar Blockchain Exchange, Nick Cowan, is of the view that the Blockchain space will witness maturation in 2019. He said,
“I envision more steady progress as dedicated teams continue their tireless efforts to deliver exciting projects that disrupt stagnant systems, built to address a range of in-efficiencies across a variety of sectors.”
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Luka Horvat from Blockchain Engineer believes that corporations across the world will be actively implementing Blockchain Technology in order to streamline and optimize their businesses processes through the decentralization and transparency offered by this radical technology.
Horvat further said,
“The two biggest areas we’re seeing interest from enterprises in applying blockchain are finance and supply chain. We’re already seeing strong progress there in the form of Hyperledger, Ethereum Enterprise Alliance, and Corda.”
Cryptocurrency Trends in 2019
When it comes to digital currency, security tokens will be the biggest trend in 2019. Not only are security tokens more attractive to investors, but they are also destined to bridge the gap between cryptocurrency and traditional investment.
Blockchain’s ability to develop tokenized data markets for various sectors will also lead to accelerated growth. In fact, other emerging technologies such as Big Data, IoT, and Artifical Intelligence will be enhanced by Blockchain through the creation of monetized/tokenized incentive layers to crowdsource data and also distribute it. Do read more about how Blockchain and Artificial Intelligence can combine to become a greater force in our article on the same.
According to the Founder of Blockchain launch company Extravaganza, the token model will witness a paradigm shift. Atsushi Hisatsumy said,
“The token model is going through a shift. Companies are realizing that not all projects need tokens and STOs with real asset backing will become more prevalent. Also, we are seeing innovation in the form of buy-backs and other incentives to help mitigate the declining market for token holders. I expect to continue to see more of this.”
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After looking at the opinions of various industry experts, it seems 2019 will be the year when Blockchain becomes mainstream and cryptocurrencies are stripped off of their ‘scam’ tag. More regulations would mean that investors will be well-protected by the governmental bodies and companies will be more cognizant of raising funding in a regulatory compliant manner.
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