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<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "According to Chao Cheng-Shorland, Co-founder and CEO of ShelterZoom, a blockchain-based real estate purchase and rental platform, 2019 will surely see a continuation of this trend and interruption. "data-reactid =" 24 "> According to Chao Cheng-Shorland, Co-founder and CEO of ShelterZoom, a blockchain-based real estate purchase and rental platform, 2019 will surely see a continuation of this trend and interruption.
In this article, make five predictions for 2019:
<h2 class = "canvas-text canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "1- More people will build their business models on blockchain"data-reactid =" 26 ">1- More people will build their business models on blockchain
The slow-paced blockchain spending of previous years will change in 2019. Due to the growing consensus of the potential impact of blockchain in the main business areas and development testing, more leaders and business entrepreneurs will venture into building their business models. on blockchain. As reported by PwC, on an individual basis, most companies spent less than $ 500,000 on blockchain. However, a solid 11% of respondents spent more than 10 million US dollars.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Read also: The extraordinary story of a Filipino geek who swam against the odds of life"data-reactid =" 28 ">Read also: The extraordinary story of a Filipino geek who swam against the odds of life
Blockchain offers not only the technology on which to build, but also a reduction and optimization of operations that incorporates speed and precision. For this reason, more companies will allocate more funds to the blockchain in the coming years. International Data Corporation expects annual blockchain spending to reach nearly $ 12 billion by 2022. More projects will build their business models on blockchain and will result in a "snowball effect".
<h2 class = "canvas-text canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "2- The government will allocate resources and funding to accelerate blockchain projects and solve real problems"data-reactid =" 30 ">2- The government will allocate resources and funding to accelerate blockchain projects and solve real problems
Governments will continue to take note of the advantages offered by blockchain. Although many governments are skeptical about the applications of blockchain and cryptocurrencies, several countries, such as Estonia, are now incorporating cryptocurrency and blockchain applications into their official operations.
Estonia has been a leader in the blockchain embrace. Almost all of their public services have access to X-Road, a decentralized digital register that contains information on all residents and citizens. The platform uses advanced encryption technology and includes two-factor authentication, which allows people to control their data and ensure security.
<h2 class = "canvas-text canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "3- Cryptocurrency will be much more used"data-reactid =" 33 ">3- Cryptocurrency will be much more used
In their research article "Criptovalute: overcoming the barriers to trust and adoption", dr. Zeynep Gurguc and Professor William Knottenbelt underline the fact that digital currencies already fulfill one of the three criteria for legal tender: a reserve of value. An important change in the currency exchange medium – from coins, banknotes and digital currency payment cards – is possible in the near future. Although the replacement of money as we think today with technology still causes significant apprehension for most people, the ability to transfer value from one person to another is a proven case of cryptocurrency.
A great example of this trend is Japan, where Bitcoin and various cryptocurrencies can be used as legally accepted means of payment. This is not really surprising given that the blockchain has been accepted by the government. In fact, Japan represents a large part of the global bitcoin business. The Japan Financial Services Agency (FSA) imposes a strict anti-money laundering protocol on trade, and if an exchange plays according to the rules, the government encourages it.
<h2 class = "canvas-text canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "4- Companies will present new solutions for digital legal contracts beyond existing smart contracts"data-reactid =" 36 ">4- Companies will present new solutions for digital legal contracts beyond existing smart contracts
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Beyond the cryptocurrencies, a powerful blockchain is the"smart contract". An intelligent contract is automatically executed whenever the terms and conditions agreed by the parties involved are met. In 2019, the smart contract function is expected to explode in popularity not only by administering the agreements between the parties, but also by implementing other aspects of legal contracts, such as the resolution of contractual disputes forming a legal digital contract that is completely binding between the parties. "data-reactid =" 37 "> In addition to cryptocurrencies, a powerful use of blockchain is the" intelligent contract ". An intelligent contract is automatically executed whenever the terms and conditions agreed by the parties involved are met The contract function is expected to explode in popularity not only by administering the agreements between the parties, but also by implementing other aspects of legal contracts, such as the resolution of contractual disputes, forming a legal digital contract that is completely binding between parts.
<h2 class = "canvas-text canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "5- Other useful utility tokens will be delivered via blockchain"data-reactid =" 38 ">5- Other useful utility tokens will be delivered via blockchain
"Signs economy" is the rapidly expanding study of the new economic models caused by the proliferation of digital tokens. The plethora of cases of use of blockchain has only added to the complexity and importance of these new token-based economic models.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The post 5 blockchain and crypto forecasts for 2019 appeared first on e27. "data-reactid =" 40 "> The post-blockchain and crypto forecasts for 2019 appeared first on e27.
