Where does crypto go in next few years?

in #bitcoin7 years ago

Hi Steemians, Recently I was working on an article and I needed references on a plain idea about where are we considering the growth of value, market and distribution of crypto and blockchain wolrd. Then I found this little info:



It simply indicates, that we are at the beginning of the game and the whole market, technology and its users just started to play the game. The chart is based on the gartner hype cycle of technologies and it shows how society, industry, public and government responses and grows the whole value for a specific technology. see the chart below:

What we see is that these frameworks and cycles can be combined in a new framework to assess the future development, implementation and performance of blockchain. Projecting these to the current situation regarding blockchain, we see that blockchain is only at the very beginning. It is almost (or already) at the peak of the hype cycle, being heralded as the next paradigm shift in networks, changing the way we interact forever. Large companies are carrying out pilot projects, testing and improving the technology’s performance as we speak. Adoption is slowly starting among players in the supply chain, but on a very small scale and mostly as an add-on to existing technologies. When specifically looking to port logistics, we find a range of such applications.

when the dust settles (somehow):

Based on the presented framework, it is predicted that the hype around blockchain will sharply drop in the near future. Organizations will realize that blockchain is not the ultimate solution to all current problems and R&D efforts may decrease. Instead, the technology will find its place among existing systems, for example by add-on applications that enhance efficiency. It is next predicted that before 2020 these small applications will advance, marking the arrival of the localization phase. In this phase, the performance of the technology will go up. A phase of transition will occur in which hybrids of current IT systems combined with blockchain applications will most probably arise. It may take more than a decade for the technology to move on from this phase. In order to do so, the rate of adoption must increase. The strength of blockchain very much relates to the ecosystem that evolves around it. The technology brings forth a shift from technical infrastructure to ecosystem-enabling platforms. To fully benefit from this - and to enable it to substitute existing practices - a large and broad network of users is necessary. This is predicted to happen before 2030.

Where to play? know where to stand

The info below shows everything. companies, investors and roll players should know their position in order to contribute more professionally.

eventually its good to say this technology, just like a brand new branch of science, like cognitive science, Artificial intelligence and etc. needs to be directed in a purposeful manner to be a game changer.

If this post was helpful or interesting, It would be appreciated if you upvote, resteem or comment. thank you.

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Nice to Steem you, and thanks @bitpost for this article (I also appreciate the fact it's original content :-))! In the forecasts and studies you read, do they mention the probability that cryptocurrencies succeed in substituting banks and insurance companies (and the probability they'd be swallowed by them)?

I'd highly appreciate if you could read and comment an article I published today around Steemit's future (potential) as an encyclopedia:

https://steemit.com/steemit/@ijatz/steemcyclopedia-a-steemit-based-wikipedia

Thanks in advance for your thoughts and orientation!

No They didn't mention about the insurance and banking policies against or in company with cryptos. the focus of the article was about the applications of cryptos, and in result, the blockchain technology and all the tokens and altcoins in which an industry or organization is being benefited...

and thank you, I'll read your post and will comment.
Thank you for sharing it with me

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