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Last year, the increase in the price of cryptocurrencies was accompanied by a corresponding increase in the number of blockchain projects in the world. At one point, companies began adding the word "blockchain" to their business names to take advantage of the huge context surrounding emerging technology. Many ICOs of fraud have also emerged that have increased the regulatory pressure in the cryptocurrency sector. This was in an attempt to protect unsuspecting investors from falling prey to fraudulent projects. At the same time, some legitimate projects have not been able to develop valuable products that would be in great demand.
After the collapse of ICO, it may be difficult for an investor to trust any new blockchain project this year. However, there are still some upcoming projects that may be worth this year.
The main Blockchain projects to be considered in 2019
1. VeChain
For years, VeChain has been able to build its brand by entering mutually beneficial partnerships with industry leaders. One of these partnerships was with the second largest professional service company in the world, PricewaterhouseCoopers (PwC). This partnership will lead to the development of value-added products based on blockchain technology. Please note that VeChain is also working on other projects with Microsoft and Hyperledger.
In addition to this, VeChain is also planning to use near field communication to track products in the supply chain using the VeChain blockchain. This system will allow users to accurately track inventory and logistics. The network will monitor the production process from the first phase until the last phase until delivery. It will also find the product life cycle by helping users determine the authenticity of the project.
2. Lisk
In addition to VeChain, Lisk is working on big projects this year. The two-year blockchain startup was developed by Oliver Beddows and Max Kordek. This blockchain startup stands out from many other projects because it has a strong parent company with sufficient resources to finance any project. During the bear market in 2018, Lisk suffered severe financial losses, but continued to work on its development. In a digital world without privacy, such a project could not be more important.
The main project the company is working on will give users full control over their data. By offering users the power to protect their data online, Lisk hopes to free the public from data breaches caused by centralized organizations.
Lisk is not the only startup that aims to provide users with full control of their data. Tron and EOS are also working on similar projects. However, Lisk may be more attractive to users because of its fundamental design principles.
Light at the end of the tunnel
During the bear market extended in 2018, more than a thousand cryptocurrency projects were closed due to lack of funds. While many of these were scam projects, many others were legitimate, but simply ended the funds. The cryptocurrency market valuation has decreased to $ 700 billion since December 2017, when it stood at $ 800 billion.
