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Predictions blockchain and cryptocurrency 2019 – Vol. IX
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We continue our series of forecasts from industry thought leaders about what could happen next year.
With almost every measure, 2018 has been a busy year for the blockchain / cryptocurrency industries. Beyond the usual issues affecting young companies in hiring, marketing, technology and financing, companies have been involved in a crisis of trust with investors, as cryptography markets have lost 80% % of their total value from the beginning of the year.
Add to that the magical source of funding caused by the reduction of initial coin offerings, the increase in government control and the absolute ban on certain activities, and the bitter battles between technology developers that have caused market rotations, and it is surprising that any company has survived such serious winds against it.
But in 2019, the survivors of this industrial winter demonstrate confidence in the underlying technology of the blockchain and in the continuing promise of cryptocurrency. They stress that institutional investors are still on the sidelines and many retail supporters are still not at stake.
Add this to the constant interest of large companies and the spirit of innovation shown by blockchains and crypto-pioneers, and the story seems much brighter than the simple numbers would suggest.
Block Tribune has asked industry thought leaders to consider what might happen next year. Now, until the end of the month, we will highlight their thoughts on what could happen in what every hope will be a happy and prosperous 2019.
Adam Koltun, Lead Business Strategist at Quantum Resistant Ledger (QRL)
At the Quantum Resistant Ledger (QRL), we believe that 2018 has been very encouraging, in terms of real development of blockchain. Although there has been some disappointment in the cryptocurrency market in terms of prices, many of the projects funded in 2016 and 2017 have been significantly developed and / or launched. We think that as the industry continues to mature, we will see further increase the blockchain of unique and new use cases, and that 2019 has the potential to be a real breakout year for the blockchain in general.
Graham York, co-founder of Volavia
I think the most interesting thing is the widest tendency towards decentralization. The hype blockchain is stagnating, but increasingly the public is realizing how centralized platforms are abusing and exposing their data and patterns of life. Recent statements and actions by Tim Cook and Tim Berners Lee confirm this. This is the problem I am listening to in every major company effort at SeedCloud. The "narrow maximalists" of the blockchain must embrace wider tendencies and realize that the blockchain itself could only be a precursor technology for a wider revolution of society.
Dana Farbo, COO of Augmate
I predict that in 2019 the vulnerabilities of IoT to hacking will increase substantially with the arrival of new devices without adequate protection. Virtual reality for training and simulation education within companies will become the hottest trend for corporate learning organizations and augmented reality wearables will enter the mainstream and help increase productivity. The management of the devices for the company will extend to the consumer space for the protection and control of IoT devices. The blockchain technology and distributed ledger will become the fulcrum of the future of voting in the countries.
