Crypto Experts Predictions For Blockchain Industry In 2019

Blockchain is known worldwide as a futuristic technology that provides a secure and peer-to-peer channel for transfer of digital assets. Even since its foundation in 2009, blockchain and cryptocurrencies are continuously evolving in popularity and uses, and 2018 was no different. The year witnessed some great blockchain-based applications in a range of industries. Now that 2018 is about to end, everyone is discussing what the future holds for this amazing technology. 

Let’s jump into the discussion.

Some of the most trending topics around the term blockchain are the ICO, the blockchain projects that did well in 2018, and trends that will be seen in 2019. Many industry experts and professional investors have already started making predictions for blockchain’s future in the coming year.

According to a leading blockchain expert, 2019 will be a more fruitful year for advanced technologies like blockchain, AI and machine learning. The use of these technologies will continue to increase for the betterment of the service quality and customer experience. Some of the possible uses include AI-based chatbots. The popularity of blockchain will increase as digital tokens that can be accessed and used by anyone globally. The increasing use of cryptocurrencies as liquid assets will further enable users to invest in any digital asset or even an idea.

Blockchain will also continue to encourage the development of fintech applications to securely access and store clients’ privacy information such as KYC details in a decentralized and public database to avoid the necessity to submit and verify documents again and again.

Another blockchain expert said that 2019 will witness a continuous rise in privacy protection trends in which blockchain will play an immense role. Also, the year is expected to see more traditional investors preferring the blockchain space for their investments, owing to the increased stability of the crypto market and its importance in the cybersecurity industry. Companies that are working to build or have already developed their blockchain products will gain more stability in the coming year.

A third expert, who also happens to be the CEO of a blockchain-based company, believes that blockchain as a technology has a very bright future in 2019 but it might struggle with traditional roadblocks of regulations. However, blockchain has the potential to change industries for good. In the coming year, we will see more applications of this technology in the finance, banking, education, entertainment, retail, healthcare, and many other industries. However, the mainstream adoption of blockchain will depend on how soon traditional investors like JP Morgan enter this space.

With major organisations like World Bank, the UN, and other financial & banking institutions around the world showing interest in using blockchain technology to expand their horizons, expect to see more blockchain projects in a wide range of industries.

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