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The decline that has been extended since this year to the cryptocurrency sector has been dubbed the winter crypt. The storm was so strong that the affiliated companies had to leave some staff members while others had to shut down completely. Could this be the end of cryptocurrencies? Thinkers and critics have thought. If you're one of those who are not sure that the industry has a future, this article is for you.
What do the experts of the future of the industry think?
According to an article published in Forbes by Alison McCauley, companies are trying to understand other non-encrypted applications of blockchain technology as they relate to their industry. Many of these companies are investing in blockchain technology because they strongly believe it will have a disruptive effect on the world. This is what some of these leaders had to say:
Smith and Crown's managing director, Brian Lio, said that "the current cryptocurrency market does not reflect well the pace of development of the blockchain industry.Many multinationals are starting to explore blockchain technology since they understood that it offers many opportunities, they are beginning to understand that it is risky to wait for others to implement the technology first. "
Another leader, Jessica Groopman, who is co-founder of Kaleido, said that "the cryptocurrency market has entered a winter period similar to how the artificial intelligence market entered before it reached the commercial boom Shakeouts are not always bad, they help to separate fantasy from facts This does not mean that it's over for cryptocurrency.Many other sectors like artificial intelligence, digital identity management and cryptography are linked to blockchain technology.These industries are growing and so is blockchain technology.That blockchain technology is also becoming a common mainstream concept.The regulators are making moves to create a safe environment for cryptocurrencies and blockchain technology to thrive. 39, was also a shift from the emphasis on speculation to the emphasis on the development of practical products ".
Principal at Deloitte Consulting LLP, Linda Pawczuk, said that "in 2019, the supply chain will continue to reign as the most practical use of blockchain technology.This is in line with a survey conducted in 2018 that has 53% of executives in various sectors believe that blockchain offers the most practical solution in the supply chain: from logistic service providers, pharmaceutical companies, government agencies, retailers, to technology companies, many companies are starting to apply solutions based on blockchain ".
