The 6 main trend blockchains for 2018 outlined by Deloitte

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Blockchain trends for 2018 Pexels.com

While the main viability of cryptocurrency remains in question, one of the technologies that emerged in its wake is ready to do great things

Blockchain continues to grow in popularity as people in multiple industries find new applications Recently, Deloitte has published a report titled " 2018 Global Blockchain Survey ". several relevant trends and blockchain that deserve attention in 2018 and forward.

If you are interested in exploring what Blockchain can do for your business or if the startup idea can take advantage of this versatile and safe technology, the prospects are quite promising

1. Firms are now applying the blockchain, not just exploring it

According to Deloitte, a key change is taking place, where companies were exploring the potential of blockchain to streamline business processes, even to interrupt them, today they are starting to create real applications for its use.

While it is even more common for technology or "digital" companies to embrace this technology, this change clearly indicates that the blockchain is gaining wider acceptance. More importantly, it is gaining more confidence.

2. Practical applications of blockchain are increasing

When it comes to more traditional companies, such as those in the financial sector, the focus is mainly on the application of blockchain solutions to the current business model, according to Block Ground Capital [19659005]. As revealed in the Deloitte study cited earlier, 74% of traditional businesses can provide practical use cases, but significantly less are implementing them. However, more than 40% believe that their organizations adopt blockchain in the future.

For example, the Australian Securities Exchange replaced the existing CHESS system with a blockchain-based distributed accounting technology. Although this adoption is noteworthy, it only came after years of testing and consideration. If this type of adoption is an indicator, it shows that traditional companies will probably continue to adopt a slow approach to the adoption of blockchain technology.

3. The fatigue of the blockchain becomes a problem

In a sense, blockchain is suffering the same kind of overhype that is virtual reality. For years, people in various sectors have heard of blockchain. It has been interpreted as a real turning point. The problem is that so many people still do not see real benefits. For them, like virtual reality, it remains an ingenious technology without a practical application where they can really turn heads.

This does not mean that the blockchain does not have incredible potential. It certainly shows that the gap between hype blockchain and application is a problem. If companies stop exploring its potential, it does not matter how useful the technology is. But this too could change. For example, ProfitCoins is a startup that interrupts the investment industry by providing an automatic way for investors to earn profits on cryptocurrencies, without the need for prior knowledge or large initial capital. By helping investors buy low and sell high, they are giving users an important practical application for blockchain technology.

4. New companies find it easier to adopt blockchain than legacy companies

One type of activity that focuses on the relationship is the "emerging disruptor". These are fast-growing startups that have found themselves in a position to interrupt other activities in their sector. They often have the advantage of being well funded and guided by experienced and well-connected executives in their fields.

These are companies that are often able to apply blockchain technologies in ways that are truly part of their business model, rather than completing it. An example of this is Storj Labs. They are using blockchain as a basis for a new technology that is destroying cloud storage. They are even moving to the Chinese markets, something that Amazon was not able to do .

5. Blockchain is working well with PR

Public relations (PR) is booming. Whether the service is traditional for the media or a shootout of an influencer through social media, companies and individuals are seeing the advantage of using and prioritizing this level of greater credibility than traditional advertising campaigns.

A company that uses the blockchain to make PR services accessible to anyone with an interesting history, rather than just a few wealthy companies, is GoodNoon . The key concept is to use the blockchain to decentralize the public relations industry, relying on artificial intelligence (AI) to help users find the journalist or the influencer potentially more interested in the story . The result is that larger, better-funded companies can not easily push other organizations to dominate the media.

6. Security continues to be a primary source of innovation

Since blockchain was created as a means of ensuring transaction security, it should come as no surprise that this is the niche where much of innovation still occurs. Especially the Blockchain plays a huge role in computer security.

An example of this is HYPR. They are using decentralized biometric data and other credentials to facilitate and improve user authentication and access control systems. Thanks to the widespread desire to prevent another Equifax security breach, the company earned eight million VC funding .

There are still several months left in 2018. It remains to be seen what will emerge or vanish when it comes to blockchain applications in the business and technology world. For now, it seems that traditional companies are slowly focusing their attention on this technology, while technologically advanced activities are more enthusiastic. Even the most affected industries remain surprising. It will certainly be interesting to see how things will go towards the end of the year until 2018.

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Blockchain trends for 2018 Pexels.com

While the main viability of cryptocurrency remains in question, one of the technologies that have emerged in their wake are bound to do great things.

Blockchain continues to grow in popularity as people in multiple industries find new applications for this … Recently, Deloitte has published a report titled, " 2018 Global Blockchain Survey . "In it, they explore different relevant trends and blockchain that deserve attention in 2018 and forward.

If you're interested in exploring what blockchain can do for your business or if the startup idea can take advantage of this Versatile and secure technology, prospects are quite promising.

1. Firms are now applying the blockchain, not just exploring it

According to Deloitte, a key shift is taking place – where companies once were exploring the potential for blockchain to streamline business processes, even to disrupt them, today they are starting to create real applications for its use

While it is even more common for technology or "digital" companies to embrace this technology, this change clearly indicates that the blockchain is gaining wider acceptance.More importantly, it is gaining more confidence.

2. The practical applications of blockch ain are on the rise

When it comes to more traditional companies, such as those in the financial sector, the focus is mainly on the application of blockchain solutions to the current business model, according to Block Ground Capital [19659045]. As revealed in the Deloitte study cited earlier, 74% of traditional businesses can provide practical use cases, but significantly less are implementing them. However, more than 40% believe that their organizations adopt blockchain in the future.

For example, the Australian Securities Exchange replaced the existing CHESS system with a blockchain-based distributed accounting technology. Although this adoption is noteworthy, it only came after years of testing and consideration. If this type of adoption is an indicator, it shows that traditional companies will probably continue to adopt a slow approach to the adoption of blockchain technology.

3. The fatigue of the blockchain becomes a problem

In a sense, blockchain is suffering the same kind of overhype that is virtual reality. For years, people in various sectors have heard of blockchain. It has been interpreted as a real turning point. The problem is that so many people still do not see real benefits. For them, like virtual reality, it remains an ingenious technology without a practical application where they can really turn heads.

This does not mean that the blockchain does not have incredible potential. It certainly shows that the gap between hype blockchain and application is a problem. If companies stop exploring its potential, it does not matter how useful the technology is. But this too could change. For example, ProfitCoins is a startup that interrupts the investment sector by providing investors with an automatic way to earn profits on cryptocurrencies, without the need for prior knowledge or large initial capital. By helping investors buy low and sell high, they are giving users an important practical application for blockchain technology.

4. New companies find it easier to adopt blockchain than legacy companies

One type of activity that focuses on the relationship is the "emerging disruptor". These are fast-growing startups that have found themselves in a position to interrupt other activities in their sector. They often have the advantage of being well funded and guided by experienced and well-connected executives in their fields.

These are companies that are often able to apply blockchain technologies in ways that are truly part of their business model, rather than completing it. An example of this is Storj Labs. They are using blockchain as a basis for a new technology that is destroying cloud storage. They are even moving into the Chinese markets, something that Amazon has not been able to do .

5. Blockchain is working well with PR

Public relations (PR) is booming. Whether the service is traditional for the media or a shootout of an influencer through social media, companies and individuals are seeing the advantage of using and prioritizing this level of greater credibility than traditional advertising campaigns.

A company that uses the blockchain to make PR services accessible to anyone with an interesting history, rather than just a few wealthy companies, is GoodNoon . The key concept is to use the blockchain to decentralize the public relations industry, relying on artificial intelligence (AI) to help users find the journalist or the influencer potentially more interested in the story . The result is that larger, better-funded companies can not easily push other organizations to dominate the media.

6. Security continues to be a primary source of innovation

Since blockchain was created as a means of ensuring transaction security, it should come as no surprise that this is the niche where much of innovation still occurs. Especially the Blockchain plays a huge role in computer security.

An example of this is HYPR. They are using decentralized biometric data and other credentials to facilitate and improve user authentication and access control systems. Thanks to the widespread desire to prevent another Equifax security breach, the company earned eight million in VC funding .

There are still several months left in 2018. It remains to be seen what will emerge or vanish when it comes to blockchain applications in the business and technology world. For now, it seems that traditional companies are slowly focusing their attention on this technology, while technologically advanced activities are more enthusiastic. Even the most affected industries remain surprising. It will certainly be interesting to see how things will turn out towards the end of the year until 2018.

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