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There are two reasons to consider investing in blockchain as Dr. Demetrios Zamboglou while pondering the future of the blockchain 
Reject the future of Blockchain or fight to cling
There are several factors that will heavily influence the future of blockchain technology. Probably the most important is government regulation, especially considering cryptocurrencies. It is no secret that the blockchain is still down-regulated, causing many problems including the lack of security in the cryptocurrency markets.
Some say the blockchain is fundamentally incompatible with existing legal and regulatory models.
- Scientists raise important issues related to the identification of controllers and data processors, relationships between controllers and processors, international data transfers and data minimization and data rights.
- Others wonder if the blockchain should be considered an asset or a payment system? And can it be used for trials, confirmations or validations of legal transactions?
Recently Hackernoon has revealed the range of agencies that governments are using to try and regulate the blockchain. For example, the EU is using its General Data Protection Regulation (GDPR), while the US uses its Securities and Exchange Commission after determining that cryptocurrencies should be considered as "assets". Some countries in eastern Asia have simply banned outright cryptography.
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However, despite the uncertainty of future regulations, there are two reasons why investing in blockchain technology is considered useful in terms of time, money and other resources. First of all, even if the blockchain initially requires a significant amount of energy, it is believed that over time this technology will reduce costs for companies and help profit centers increase their profits. According to the report Banking on Blockchain: a value analysis for investment banks"blockchain" could reduce potential savings on central finance relationships by 70%, the potential for cost savings of 30-50%, 50% savings on centralized transaction costs and the potential savings of 50% on operating costs ( about $ 10 billion of annual cost savings). "Granted, not everyone shares this optimistic view, for some the future of the blockchain is bleak, they claim that the blockchain is cost prohibitive because, in addition to significant energy costs, problems like the overall cost increase are unavoidable. per transaction (due to the need for blockchain of multiple processing nodes scattered among multiple participants) and an increase in storage requirements, and none of the business blockchain initiatives to date has been shown to drastically reduce costs. Despite credible objections to the blockchain that have been raised, it is plausible to suggest that the distant future of blockchain technology will see applications prove more efficient than traditional applications due to their greater potential.
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Does the blockchain become an adult? Perhaps we are going beyond the hype associated with cryptocurrencies and in a real world of practical applications, such as the guarantee of trust among digital partners, with supply chain blockchains. In addition, GM Tradeshift Frontiers' Gert Sylvest states that we must be realistic, blockchain alone is not enough.
Secondly, and above all, the blockchain is useful for its adaptability. There are many blockchain technology applications in the business world, and thanks to its adaptability, blockchain changes the business models of the industries. For example: Smart Contracts. Ethereum is a computer platform that allows you to manage complex processes, including transactions of goods that involve more than one part with the involvement of different types of resources (eg money, land, rights, etc.) Through smart contracts. Respected attorney Gönenç Gürkaynak has highlighted legal areas such as intellectual property law, where he believes that blockchain technology has the potential to create a transparent and decentralized database of rights and rights holders able to automate royalty payments using smart contracts and cryptocurrency, excluding third parties who provide the license. This exclusion will result in lower costs for the management of intellectual property rights.
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Blockchain has its own technical limitations, such as its inherent deficiency in the processing of search queries, mainly due to the storage of related data and the absence of a well-defined data indexing structure for various query. And scientists also worry about the lack of optimization, especially in terms of security. In fact, recent research shows that there are high risks of de-anonymization using abnormal relay patterns for network analysis, user-related characteristics such as random time interval (RTI) and time of the day (HOD) etc., DoS attacks and exposure of the transaction model using the transaction chart and distribution analysis at AS level. There are also problems concerning false virtual currency, such as artificially divided tokens known as pyramids, as well as concerns about how taxes will be collected and how banks will interact with cryptocurrency. However, despite its complex nature and its limitations, the future of blockchain technologies will see the simplification of business models and make them more adaptive and secure. The global trend is increasing the speed of all processes in all types of services. Blockchain will heavily influence business models to increase the flow of information within the company (operational management, strategic decision making, etc.) and with third parties (customs, partners and the like).
Blockchain "game changer" developed by Accenture
The global management consulting firm and professional services Accenture has developed two solutions that allow communication between two or more platforms.
And as indicated in Banking on Blockchain: a value analysis for investment banks, "You can not go back, especially considering the pronounced impact [blockchain] will have in … current business models, operational meetings and profitability profiles, both in the short and long term ".
Dr. Demetrios Zamboglou is Chief Business Development Officer of the financial technology company Lykke AG. He is an award-winning Executive Fintech, Blockchain Expert, and ICO Advisor with a Ph.D. in Management Research. Prior to Lykke, Zamboglou held executive leadership roles in FXTM, zebrafx and FOREX CLUB, specializing in issues such as business development, strategy, risk management, market-making and compliance. He is a member of the following groups: Institute for Securities & Investment (CISI), Institute of Directors (IoD) and Behavioral Finance Working Group (QMUL). Zamboglou is also a member of the specialization and research committee of the King & # 39; s College of London.
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