The magazine MIT Technology praises Blockchain for being boring, Echos Wall Street and Walmart Pushes

It seems that blockchain technology it could go from a revolutionary technology to a boring one. This is according to the MIT technology revision. In a recent article, they explained that in 2017 blockchain technology was a revolution that could upset the global financial system. Later in 2018, it became a disappointment. Now, in 2019, "it will begin to become commonplace".

There are many different use cases of blockchain technology in different industries. Distributed Ledger Technology (DLT) technology can transform health, banking and supply chain management among other sectors.

According to MIT, there are some companies that are working with this technology, including Walmart.

"Walmart has been testing a private blockchain system for years as a food supply follower," the report noted. "He says he will start using the system next year and has instructed his green leafy vegetable supplier to join by September [2019]".

There are other companies like Carrefour or JD.com that are taking similar measures to improve food safety, tracing eggs, tomatoes and meeting each other. Carrefour is the largest retailer in Europe with over 12,000 stores worldwide. using blockchain technology, the company would be able to detect salmonella.

In the financial world, there are other companies that are planning to launch their platforms or work with blockchain technology. JP Morgan created an authorized blockchain network called Quorum.

The Intercontinental Exchange (ICE) will also launch a new exchange of digital resources for institutions as soon as next month. In addition, Fidelity Investments and Nasdaq are planning the launch of cryptographic and blockchain space platforms.

This shows that, although the cryptography market has declined substantially from its historical high, companies in the sector continue to develop and create new platforms and services.

There are other confident individuals who believe that the crypto industry and blockchain technology have much to offer the future. During a conversation with Fox Business, Overstock's founder and CEO, Patrick Byrne, said that technology has greater potential than anything else we've seen in history. He went on to say that he is bigger than the Internet revolution because he is restructuring society.