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Predictions blockchain and cryptocurrency 2019 – Vol. XX
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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.
Ouissal, founder and CEO, Zededa said:
Which sectors – energy, e-commerce, gambling – do you think will have the greatest impact in the blockchain sector in 2019? (Feel free to choose other sectors)
Blockchain actually holds many promises for many aspects of the Internet of Things (IoT) that do not necessarily refer to cryptocurrencies. The concept of trust distribution in a peer-to-peer network is essential in the world of IoT and Edge Computing. ZEDEDA's vision is to create a marginal economy that allows apps to work anywhere. This means moving the applications that run in the data centers, where there is a single owner of all the infrastructure that provides the app developer with his entire virtual environment, in places where infrastructure is not owned by a single party. It will be an extremely heterogeneous environment, composed of different hardware, different networks, etc. Which first requires a platform to abstract complexity and allow apps to ask for "services" they can trust; analogous to how you turn an environment into AWS (but in this case trust is inherent in "AWS trusts"). This makes the edge a "native cloud" advantage.
How does the blockchain fit into this marginal economy? Two aspects: the origin of the data and the exchange of values.
In the area of data source, the platform that runs the native edge cloud should inherently be able to immutably track who is creating the data, when it was created, and as owner of such data which are the rights of the owner regarding data manipulation. A data source service would allow app developers to add devices to the network and track each piece of data, allowing others to access that data, but not without the explicit permission of the author. This service can be provided to that app from a platform via smart and blockchain contracts. For example, today there are agricultural equipment companies that offer IoT services and apps to improve agriculture using the collected data, as well as data from other users in the hyper-local area. But today, without blockchain, the only way that the app provider can use the data in this way is that the farmer signs an EULA (end user license agreement) that says "whatever you generate I belong to this service … "and the customer loses ownership of the data. If the app was built on a platform using the blockchain with smart contracts, any data generated in my farm becomes identifiable and if I choose to leave the service, my data comes with me and / or can be easily deleted.
The exchange of values is really very exciting for IoT. As an example, we can adopt a public security application in a Smart City. If I have an app for facial recognition in police forces and is a dangerous criminal in the wild. The city will have owned cameras, utility-owned cameras and cameras owned by private companies. Owners can have all the platform-enabled cameras that use the blockchain network. Since the use of cameras for the Public Safety app has a value, I can "pay" all camera owners to allow the use of cameras, to temporarily run the app for recognition. facial, to help capture the criminal. Once the work is finished, the cameras are released and all are compensated for the immediate use of their resources. Smart Cities are a good example, because in general the problem with the investment of public money for this type of infrastructure has a terrible ROI as the resource remains unused for most of the time. This would allow a very efficient use of funds as the city can develop applications and pay only the "native cloud" resources required rather than distribute their resources (sounds familiar?).
This is the vision of marginal economics: a heterogeneous hardware environment, with a diverse set of resource owners, application developers looking to access data, and an efficient platform for all of them to meet peer-to-peer needs. It is an ideal environment for blockchain services.
Riggs Eckelberry, CEO of OriginClear and chairman of WaterChain:
TRIBUNA BLOCK: Where do you see Bitcoin in 2019 and why?
ANSWER: Bitcoin is a global brand, so it has excellent long-term prospects. 2019 will be the year of consolidation, as traditional trading platforms (Robinhood, Ameritrade) allow BTC trading.
TRIBUNA BLOCK: Have recent cryptographic crashes affected your prospect and / or plans for 2019?
ANSWER: We are already very far ahead of this wave, as we have been actively positioned to be part of the next generation of securities-compliant emissions in 2019.
BLOCK TRIBUNE: what role will the stablecoins have on the market in 2019?
ANSWER: We always needed Stablecoins, but now they are becoming more reliable. They are absolutely essential for an orderly market and will help stabilize things with the major currencies of exchange. That said, wait for a break. How many stable coins can there be?
BLOCK TRIBUNE: which sectors – energy, e-commerce, gambling – do you think will have the greatest impact in the blockchain sector in 2019?
ANSWER: We are very confident about the raw materials. Alex Lightman has the cobalt currency and favors the regulation of CFTC (raw materials). This is interesting. In addition, the blockchain is applied to large asset classes in which a static register (think real estate) is valuable. Fast-moving applications such as e-commerce and gambling are actually cryptocurrency games that happen to use blockchain. Over time, we think that the cryptocurrency is more consequent than the blockchain itself.
BLOCK TRIBUNE: which event would you like to happen in 2019?
ANSWER: We correctly launch the cryptocurrency market in accordance with the securities so that investors are finally protected.
BLOCK TRIBUNE: ICO died as an effective fundraiser? Why or why not?
ANSWER: ICOs are specifically part of the story. But in general, the issuance of coins or tokens can be a legitimate way to obtain financing. But we do not know how we would have financed the WaterChain if it had not been for its connection to a publicly traded stock, OCLN.
