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The evolution of the blockchain industry in recent years has been incredible. Blockchain has contributed decisively to world technological development. This article will show you some of the most anticipated blockchain technology trends of 2019. Trends will guide you on what to expect from the blockchain and its evolving technologies.
Blockchain as a service (BaaS)
The blockchain is one of the most radical technologies of the current era. A change of game that can solve a number of tasks and problems. You can not help but notice that most companies and startups are creating their own blockchain solution. Companies like Microsoft and Amazon are already providing BaaS.
Blockchain as a Service (BaaS) allows customers to create their own smart contracts and blockchain-based products and access other features without having to configure a blockchain-based structure.
Hybrid blockchains
The hybrid blockchain offers you the best of both worlds and is worthwhile. It has the characteristics of both public and private blockchain. It is an ideal customizable solution that guarantees integrity, transparency and security. Some cases of use of hybrid blockchains include its incorporation into the banking sector, hybrid IoT, corporate / business services, etc.
Federated Blockchain
Another ideal evolution of the normal blockchain standards is the Blockchain federata. It is ideal as it can be used for certain specific and private cases such as financial services, insurance claims and supply chain management.
The federated blockchains and the private blockchains are the same but only with a breakthrough. Instead of being controlled by an organization, many systems can pre-select the nodes and adjust the blockchain. The selected nodes ensure that the block is established for transaction management. Walmart & # 39; s already uses IBM's blockchain for food traceability.
Ricardian contracts
Fundamentally Ricardian contracts are an authorized contract for a common understanding between the parties. Ricardian contracts are considered a trend blockchain of 2019. It binds technology with legal contracts. Contracts are verified and cryptographically signed.
Understanding Ricardo's contracts is simple as it uses a readable text. It's a great solution for both computers and humans to understand one another without a mediator.
Interaction between Blockchains
The 2019 will experience an improved technology that supports blockchain interoperability. With time, new networks based on blockchain emerge. The new chains improve blockchain interoperability between various networks and systems. It also makes the most compatible blockchains. For example, blockchain interoperability allows you to send information from EOS to the Ethereum blockchain. Other suppliers include WanChain, BlockNet and Aion.
Stablecoins
Stable currencies can see an improvement in 2019. As the name suggests, these coin rates are stable. They are not based on market conditions because they are supported by fiat currency or merchandise. Tether is an example of stable coins. Unfortunately, stable currencies operate on rules and a centralized system. Because of centralization, problems of trust between investors can emerge.
Security token
Until 2018, Ico was a way to get funds from the market. Since ICOs have not been regulated, security tokens will now protect an investor's rights during the ICO process. Tokens could evolve in 2019 because they are regulated and offered through the Security Token Offering (STO).
When we talk about the blockchain, great ideas are expected. The impact of the blockchain in the past years is remarkable and this year seems more favorable for further growth.
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