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The development of blockchain helps in the production of businesses

The development of Blockchain is taking place and is not omnipresent from the energy sector to the supply chain. The year 2018 was one of the years that met great expectations and the expansion of the blockchain from cryptographic trade to almost all areas of commercial commerce. It has now been hypothesized that the new year will introduce numerous opportunities in both the commercial and the business sectors. 2019 will start with the Global Blockchain Economic Forum (GBEF), scheduled from 28 to 29 January 2019 at the Alpensia Resort in Pyeongchang.

The main objective of the GBEF is to commercialize the use of blockchain technology, economic revitalization, health care and tourism services. The event hosted by the Korea Digital Money Research Institute (KDC) and the provincial administration of Kangwon was designed to create a public forum for upgrading local businesses. In addition to this, the forum will also share and discuss the implementation and blockchain integration in various domains.

The GEBF event will be embellished by the Governor of the Gangwon Province, the Director of the Financial Supervision Service, the Minister of Science and Technology of Information and Communication, the President of the National Assembly and the blockchain fans of Korea. The development of blockchain will have a direct impact on the intelligent economy, on the fourth industrial revolution and on changes in the life of a common man, as mentioned by Irish Tech News.

Blockchain Action Plan in 2019

According to CoinDesk, this development has started to destroy many domains, in particular finance, banking and insurance. This form of ledger has already made the remittance easy, fast and secure than before. Indeed, the blockchain has begun to move towards loans, securities and many other financial products in the near future.

Ripple's senior vice president of product Asheesh Birla has supported the fact that the momentum for the development of the blockchain has been accelerated already with the help of intelligent ledger-based platforms. Industry experts believe that this technology will begin in a revolution that will trigger the fourth industrial revolution.

[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]

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The development of blockchain helps in the production of businesses

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The development of blockchain helps in the production of businesses

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The development of Blockchain will take off on a large scale in the next year with numerous prestigious projects scheduled.

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Neha Bakshi

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OWLT market

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