2019: The Year Of Blockchain
Blockchain is absolutely exploding. Not a single day goes by without a major announcement. This is something that is really starting to take over.
My view is that blockchain will be a central part of most everything in 10 years. Presently, due to limitations, a lot of things do not belong on blockchain. Thus, some projects might be ahead of their time.
This morning, just on Cointelegraph I see these articles:
https://cointelegraph.com/news/la-kings-confirm-release-of-blockchain-merchandise-authenticator
That is what was posted on there in just the last 12 hours.
Personally, I do not feel that "permissioned" blockchains are really that. Instead, they are just glorified databases. Nevertheless, even if a lot of it is a marketing ploy, many companies believe they are adopting blockchain technology.
This will only bode well for the public ones. As more people are interacting with it, especially IT people and developers, we will see a radical expansion. The innovation that is being applied to this arena is only just kicking off.
While everyone is watching the prices of cryptocurrency, I prefer to focus upon the development. This is where the true story is hidden. As more useful applications appear, we will see adoption rates increase. This puts Steem in a fabulous position.
The lull in the excitement regarding this industry is the time for the foundation to be laid. Some get upset at the lack of exposure and diminishing user rates. To me, the fact that development, across the board, is increasing is what tells the story.
One area that the corporate "blockchains" help is in the area of training. There are a lot of developers learning this technology who will, once the illusion of the corporate projects is exposed, switch over to chains like Steem. This will further increase the development over the coming years.
With exponential growth, there is a point when we hit the "knee" of the curve and things take off. While it is hard to say whether we are closing in on that point, it does appear the overall activity surrounding blockchain is accelerating. We obviously went passed the hype cycle and saw the bust that followed. Now it is the picking up the pieces and the pushing forward of solid projects.
Technology follows a similar curve. Blockchain is no different. It is easy to look down upon Steem when it is based upon outside barometers that really do not matter. Cryptocurrency market cap, marketing, or coverage do not tell the story.
Here is the way to size it all up:
Today, February 21, Steem is light years ahead of where it was as of January 1, 2018.
The difference is monumental.
And I surmise, when we look back at the end of the year, we will say that the change between February 21 and December 31 was also enormous.
Just look at the different applications that appeared in the last 14 months and how they are progressing.
That is the only barometer that matters to me at this time. Development means expansion and a growing ecosystem. This will forge us ahead.
The first 50 days of 2019 were sensational for blockchain. I expect the next 310+ to be even better.
If you found this article informative, please give an upvote and resteem.
Very good point about developers learning on private blockchains and then coming to public ones. I hadn’t thought of this before.
Posted using Partiko iOS
I note the importance of stressing the value of decentralization regarding permissioned DLTs, as centralization merely perpetuates the very problems BTC was stated to overcome, and the source of most interest in DLTs.
Great take on the tech.
Thanks!
🏆 Hi @taskmaster4450! You have received 0.3 STEEM reward for this post from the following subscribers: @cardboard
Subscribe and increase the reward for @taskmaster4450 :) | For investors.
▀
Thank you so much for participating in the Partiko Delegation Plan Round 1! We really appreciate your support! As part of the delegation benefits, we just gave you a 3.00% upvote! Together, let’s change the world!
I agree about the time to be building. I am really glad to be among the building energy and playing some very small part in building for the future. Its exciting times even if the price isn't exciting!
Hi! Forgive me if I'm being intrusive, but @homesteaderscoop is on the list to possibly win 20k delegation for a year from @theycallmedan. We’re humbled and blown away, and super excited as we win 1K just for getting on the list! This flows down to everyone who supports us in the form of upvotes, challenges, and enthusiasm to keep what we do going. We support homesteading, gardening, spirituality, and other alternative ways of living driven by a love of sustainability, ethics and the environment. And of course we offer a free market to buy and sell sustainable goods and ethical services for STEEM and SBD! Your vote matters – it really does – and by voting for Homesteaders Co-op, you’re saying you support sustainability, ethics, the environment, natural living and more. Go you – you are awesome! Here’s the link to the Dpoll: https://dpoll.xyz/detail/@theycallmedan/which-steem-project-should-i-delegate-20k-steempower-to-for-1-year/
A community marketplace of ethical, handmade and sustainable products available for STEEM, SBD (and USD): https://homesteaderscoop.com
follow: @homesteaderscoop
Also believe that whether privately or publicly built, blockchain technology will demonstrates its capabilities and lead to value creation which will encourage adoption!
Posted using Partiko iOS
ǝɹǝɥ sɐʍ ɹoʇɐɹnƆ pɐW ǝɥ┴