Blockchain and Cryptocurrency gained importance in 2018. More countries peaked in these two segments, while others integrated the blockchain into their existing infrastructure. Moreover, with the acceptance of these technologies, 2019 is more likely to assist in the continuation of this trend and interruption.
1. The blockchain is the trendsetter
Many business leaders and entrepreneurs are planning to build their blockchain models because of their growing consensus and impact on important business areas and evidence of their development. In addition to technology, blockchain reduces and optimizes operations that incorporate speed and accuracy. According to a report by International Data Corporation, blockchain spending will reach almost US $ 12 by 2022. More projects will be based on the blockchain concept thus giving rise to the snowball effect.
2. The government will allocate resources and funding
Some governments are skeptical about the implementation of the blockchain, but some governments continue to notice the advantages offered by the blockchain. Thus, the government will intervene to allocate resources and finance organizations to accelerate blockchain projects and solve real problems.
3. Cryptocurrency and its widespread adoption
Cryptocurrencies are a revolutionary system of value and payment procedure. Soon we will see a shift in currency exchange from coins to banknotes and payment cards to digital currencies. In addition, a minimum commission is charged on these currencies and, as it is dealt with on the blockchain technology, companies will have a more transparent and fair transaction system.
4. Companies will benefit
A powerful and prominent blockchain application is an intelligent contract. An intelligent contract is automatically executed once the terms and conditions agreed upon by the parties involved have been met. In addition, the smart contract function will soon be accepted worldwide and will explode in popularity as it will not only handle the execution of agreements between the parties but will also include other aspects such as legal contracts that will resolve disputes and form a digital contract. legal.
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