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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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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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