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MIT Technology Review, a publication owned by the Massachusetts Institute of Technology (MIT) has published an article on Thursday that describes that 2019 will be an important year for cryptocurrencies and blockchain technology.
The article said, "In 2017, blockchain technology was a revolution that was supposed to break the global financial system, and in 2018 it was a disappointment, and in 2019 it will start to become trivial."
He also added that when it comes to cryptocurrencies, the Intercontinental Exchange (ICE), the owner of the New York Stock Exchange and one of the most influential actors on Wall Street, plans to launch its digital stock exchange at the start of the 2019. E Fidelity The investments have recently created a new company called Fidelity Digital Assets.
The report said: "The main thing that Fidelity brings to the table is a so-called custody service for crypto-assets, cryptocurrency enthusiasts have claimed that big investors such as hedge funds, family offices and sovereign funds want to put billions of dollars in digital goods, but they can not because there is not enough infrastructure approved by regulators ".
Speaking of ongoing blockchain projects, he further touched companies such as Walmart who started their private token system in an attempt to make the supply chain more transparent.
Walmart had contacted Crypto-News India in October to take advantage of the blockchain. At the time, he said, "Walmart Inc. is pleased to announce the development of a new blockchain service WalmartLeafy.com, the decentralized financial asset management network, to build the world's most reliable retail money transfer system. the ability to finalize transactions in less than 2 seconds Suppliers will transfer e-commerce payments from cash to digital on the Ethereum network as an ERC20 token Combining WalmartLabs payment industry experience with advanced blockchain technology implemented on the WalmartProjects platform, the goal is to offer a new retail payment network service starting from the 2019 fiscal year compatible with the IoT and other new technologies. "
The MIT Technology Review article also touched on smart contracts. He said: "Smart contracts are pieces of code that make an agreement between two parties, such as a flight insurance policy that automatically pays off if the flight is canceled.In principle, they would eliminate the need for all types of intermediaries. expensive.The idea has been around since the 1990s and Ethereum was conceived in 2013 specifically as a blockchain able to execute smart contracts ".
Would not it be great if 2019 was really the year when blockchain and cryptocurrency became the new normal?
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