Predictions blockchain and cryptocurrency 2019 – Vol. XIII
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.
Jonny Peters, founder of Dream Coin
TRIBUNA BLOCK: Where do you see the bitcoins coming in 2019 and why?
ANSWER: The situation is the same as in 2000, when the Internet boom suddenly failed. While all speculators said things like "the Internet was a passing fad" more and more people and companies were starting to use the Internet as a central part of their business. The same thing is happening now with blockchain, and Bitcoin is becoming more and more solid.
TRIBUNA BLOCK: Did the recent cryptographic crypts affect your perspective and / or plans for 2019?
ANSWER: Not currently. Dream Coin has a security token with the brand that is labeled as a movie. If the movie looks like it's going well together, then the token will be worth something for investors. When the film earns money, token holders earn a royalty. We use the blockchain to make it work. The cases of use for blockchain are only expanding.
TRIBUNA BLOCK: What role will the stablecoins have on the market in 2019?
ANSWER: It really depends on what they are stabilizing. In the case of Dream Coin, we may have to deposit funds over a period of time while a film is moving towards the minimum, so film producers will be eager to know that their funds are not susceptible to market fluctuations. There is an example of a role for stablecoin right there.
TRIBUNA BLOCK: Which sectors – energy, e-commerce, gambling – do you think will have the greatest impact in the blockchain sector in 2019?
ANSWER: Security token. Investors need a better understanding of what they are buying. Predicting if a real asset will generate revenue is something investors have been doing for a long, long time. Blockchain and security tokens bring cash to assets they've never had before – like movies!
TRIBUNA BLOCK: Which event would you like to see happen in 2019?
ANSWER: I'd like to see a kickstarter campaign where everyone buys … and they find out that the only reason they could do it was because of the blockchain.
TRIBUNA BLOCK: Did the ICO die as an effective fundraiser? Why or why not?
ANSWER: I do not think he's dead. What happened in 2017 was the fact that too many have happened and the true value of utility is blurred. The value of real utility exists and, with this, utility tokens can still finance the creation of a resource. I think that the token itself must be an integral part of the funded universe, for example: a huge multiplayer game on the growth of things could make a "seed" token that you need to buy in order to plant trees.