Three Trends That Will Shape The Future Of Blockchain Technology in 2019
Regardless of entering the “trough of
According to the MIT Review, blockchain will be so common in 2019 that it’ll become “boring”. MIT further analyzed the move to normalize blockchain in 2019 being facilitated by mega-corporations like Walmart and by institutional momentum building on Wall Street.
Less Flash More Substance
2018 witnessed supervisory bodies getting involved, which indicates that this year we would observe less fraudulent activities regarding projects developed (or not developed) on
Privacy in Focus
Blockchain and IoT Integration Picks Up Momentum
According to one report, the use of blockchain technology to secure data and devices in the Internet of Things (IoT) increased two-fold during 2018. This trend is likely to continue this year and beyond, as more organizations come around to the potential of distributed, encrypted ledger technology in this field. The powerful encryption used to secure blockchains means that invaders require a massive amount of computing power to brute-force their way into just one node. Additionally, their decentralized nature means attackers can't sidestep security by knocking out a single-point-of-failure with, for example, a denial-of-service attack.
Blockchain impact on different verticals has not gone unnoticed, and that’s why we are more favorable towards its growth in 2019. Do you think the concept is merely hype or holds real hope? Leave your comments in the section below!
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