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6 Blockchain Predictions For 2019

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As 2018 moves closer towards its end, investors, developers, and tech enthusiasts are starting to turn their gaze towards the future. 2019 is less than two months away, and it promises new breakthroughs and large changes. This is especially true when it comes to blockchain technology.

While 2018 was an important year for this technology’s development, many are wondering what awaits us in the near future. Because of this, we have created a list of 6 predictions regarding the blockchain, as well as what might happen to it in 2019. Let’s begin.

1. Search for new and better business use cases

Blockchain technology is wrongly seen by many as a magical way to resolve all issues that we struggle with today. However, while it is true that blockchain can help with a lot of them, there are still numerous other problems that are better suited to be solved by alternative technologies. Robotics, AI, and similar technologies are not to be discarded in blind faith in the blockchain.

Researchers and developers have recognized this, which is why 2019 will be dedicated to finding specific use cases for blockchain technology. Blockchain will be used in situations where it can have the strongest positive impact. In other words, the goal is not to find places where this tech can fit, but to find places where it is the best fit.

2. Fixing blockchain industry’s image

For a lot of people, blockchain and crypto are two terms that go hand in hand. While it is true that blockchain was created to support crypto, and that cryptos cannot function without the blockchain, the opposite is not true. In fact, blockchain technology can have numerous use cases that are completely unrelated to cryptocurrencies.

Despite the fact that blockchain was invented to serve crypto, it managed to outgrow it relatively quickly. Today, cryptocurrencies such as Bitcoin are only one of blockchain’s many current and future applications.

Now, considering that cryptos have historically used by criminals, and only recently did they receive somewhat decent regulation in some parts of the world, they still have quite a bad reputation to them. The reputation that, unfortunately, reflects on blockchain as well.

This is another issue that is to be addressed in 2019, which is the year when the blockchain industry will try to work on its image, and separate blockchain from crypto in the minds of others. It is believed that a lot of businesses are actually skeptical of blockchain and unwilling to adopt it just because of its connection to crypto. These are the businesses that do not understand the difference between the two and do not know that they don’t necessarily come together Once this becomes clear to more people, blockchain will be able to experience much wider adoption.

3. Shifting away from “blockchain” to “distributed ledger technology”

As we all know, language can be quite important when it comes to attitude towards something. The term “blockchain” has an entire set of issues which are believed to be one of the causes for its slow adoption and development. Not only is the term connected to the crypto industry, but it is also somewhat abstract.

It is because of this that a lot of researchers believe that another term should replace it, and this will likely be “distributed ledger technology”, or DLT. DLT is a much more neutral term, which will separate this technology from crypto, ICOs, and everything else that investors and developers find untrustworthy.

4. Blockchain will strongly connect with IoT

IoT devices have been around for some time now, and they managed to establish themselves as individual devices rather well. However, when combined, they can achieve some completely new use cases, which is why researchers expect that they will increasingly converge with new technologies. This will include things such as AI, machine learning, fog computing, as well as blockchain technology.

That way, companies will be able to move forward and create completely new business models, as well as revenue streams. Entirely new marketplaces are expected to appear as a result, Simply put, companies will be able to obtain much greater value from their investments in IoT, as well as drive broader adoption.

5. High demand for blockchain experts

As blockchain technology clears its name and becomes more popular and widely applied, companies are expected to finally get over their fears of it and start applying it. As a result, there will be a high demand for blockchain experts. This technology will be mostly unknown to most businesses, and demand for experts can already be seen at freelancer websites such as Upwork. More and more people with blockchain skills are being required, and since the technology is new, blockchain engineers are few in number.

Entering the industry now and gaining experience will likely serve new developers rather well in 2019 and later in the future.

6. Government agencies will start adopting blockchain

While this seems like something that likely won’t come for years, many believe that the process might actually begin in 2019. Blockchain technology does have its fair share of use cases, with new ones being discovered all the time. And, while blockchain is currently mostly doing things that older systems can do as well, it does these things faster, better, and usually cheaper as well.

It clearly has potential, which is why the government won’t wait long before it starts using it for its own purposes. The blockchain is especially attractive to authorities due to the fact that it can hold large quantities of data which is then available from anywhere in the world at any time, while the system is mostly hack-proof. While this would be a very useful change, it will still be a big difference from what the government is used to, which is likely one of only a few reasons why they are not adopting this technology right now.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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