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Bitcoin and other cryptocurrencies have been an extremely hot topic lately, with both positive and negative speculations on his & nbsp; future Despite the growing interest in cryptocurrency and its underlying & nbsp; blockchain & nbsp; technology, the new crypto-ventures are all but enormous success – indeed, & nbsp; TechCrunch reported & nbsp; that more than 1,000 cryptocurrency projects have already died.
Just like the Dot Com bubble of the end of the years & # 39; 90 and early 2000s, many & nbsp; experts & nbsp; believe that these failed initiatives are simply part of the natural "boom and bust" cycle and & nbsp; blockchain & nbsp; is just starting to tr ovate its foundation in the largest economy. Here are the members of & nbs The Forbes Technology Council & nbsp; predicts that it will happen with cryptocurrency – and its nascent supporting technology – in the coming years. & nbsp;
1. Widespread patterns of distributed data & nbsp;
Blockchain & nbsp; have highlighted a critical aspect of how data will work in the coming decades, and this is a world in which data will be increasingly distributed. & nbsp; Any solution to next-generation data problems must come to grips with this fact and plan a day when critical data is spread across many geographies, including through in-the-center data centers and the cloud. – & nbsp; Billy Bosworth & nbsp; DataStax & nbsp;
2. DLT-based governance systems & nbsp;
Distributed General Ledger Technology (DLT) is here to stay. Dubai has promised to replace all government systems with DLT-based digital structures by 2020, indicating that DLT will grow over time. While the transition from a paper-based to a digital system has been going on for a long time, DLT offers the confidence, immutability and transparency these systems desperately need. – & nbsp; Rohan Pinto & nbsp; 1Kosmos BlockID & nbsp;
3. Standardization and collaboration & nbsp;
One of the areas of advancement in & nbsp; blockchain & nbsp; will be the standardization of the interoperability between the different blockchains. While it is inevitable that there are several blockchains with a specific commercial purpose, the real benefits for the consumer or business will be realized when they are able to "collaborate" in an open standard. – & nbsp; Thiru Sivasubramanian & nbsp; SE2, LLC & nbsp;
4. A growing need for credible cryptographic support & nbsp;
Money, regardless of whether they are physical or digital, need credible support. When there are no trusted parties managing transactions, then a distributed ledger becomes key, as & nbsp; blockchain . However, if a cryptocurrency is an official currency, there are already technologies to ensure transaction integrity and to prohibit the tampering of transactional data. – & nbsp; Claus Jepsen & nbsp; Unit4 & nbsp;
5. A potential ecosystem of specialized chains & nbsp;
The deceased cryptocurrencies have created a significant amount of "public technical debt" and their smart contracts could still be activated. While calibrating and confirming industrial use cases & nbsp; & nbsp; – exchange of health information and assumptions of cryptographic credits, for example – we will probably end up with an ecosystem of specialized chains, operational security and chains of services in parallel. – & nbsp; Florian Quarre [1945904] & nbsp; Ciox Health & nbsp;
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6. Ultimate Transparency Across Industries & nbsp;
Blockchain is built as a distributed ledger that guarantees & nbsp; complete privacy and control of all data to all users. Any changes to the blockchain & nbsp; & nbsp; are always completely transparent and accessible to the public. The use of a single publicly available digital ledger simplifies the identification of cyber-piracy attempts, while at the same time reducing the disruption associated with systems containing multiple registers. – & nbsp; Antonio Altamirano & nbsp; Tangelo Technologies & nbsp;
7. Negotiation and autonomous trade & nbsp;
Blockchain technology & nbsp; is progressing actively. After the foundations for distributed consensus and value exchange, we already see the first steps towards the security of distributed data and common standards, which aim to distribute autonomous applications in a few years. This opens up opportunities for autonomous negotiations and exchanges between applications that can make markets more efficient. – & nbsp; Bruno Guicardi & nbsp; CI & amp; T & nbsp;
8. & nbsp; Blockchain Security measures based & nbsp;
I see that more attention is placed on the powerful potential of & nbsp; blockchain & nbsp; for financial and non-financial applications. More investments are being invested to build tools and platforms built on & nbsp; blockchain & nbsp; for verification of identity, other security measures, contracts, payments and more. – & nbsp; Chalmers Brown & nbsp; Due & nbsp;
9. The cryptocurrency is going through the normal cycle of products & nbsp;
The inflation and the deflation of a bubble do not mean that an industry is not worthy. People only get excited because they see enormous potential in a product or service. In this cycle of deflation-inflation, we should not be surprised to see some dead potatoes. Cryptocurrency and & nbsp; blockchain & nbsp; have immense potential and we will see it in the coming years. It only takes time, as all the beautiful things in life do. – & nbsp; Vikram Joshi & nbsp; pulsd & nbsp;
10 . Continue Maturity And Strength Of & nbsp; Blockchain & nbsp;
Like the & nbsp; blockchain & nbsp; technology that supports not only cryptocurrency but many other business applications, mature, we are already seeing real value emerge. The impact of distributed register technology can be greater than everyone understands – it has the potential to change the economy, business and society, and we are just starting to scratch the surface of what is possible. – & nbsp; Allison Clift-Jennings & nbsp; Filament & nbsp;
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Bitcoin and other cryptocurrencies have been an extremely hot topic lately, with both positive and negative speculations about its future . Despite the growing interest in cryptocurrency and its underlying technology, the new crypto-ventures are all but overwhelmingly winning – indeed, reports TechCrunch [19659005] that more than 1,000 cryptocurrency projects have already died.
Just like the Dot Com bubble of the late 1990s and early 2000s, many believe these failed initiatives are simply part of the natural "boom" cycle and bust "and blockchain is just beginning to find its foundation in the largest economy. Here's what the members of Forbes Technology Council provide with cryptocurrency – and its nascent supporting technology – in the coming years.
1. Diffuse distributed data models
Blockchain highlighted a critical aspect of how data will work in the coming decades, and this is a world in which data will be increasingly distributed. Any solution to next-generation data problems has to deal with this fact and plan a day when critical data is spread across many geographies and even through on-premise and cloud data centers. – Billy Bosworth DataStax
2. Governmental systems based on DLT
Distributed General Ledger Technology (DLT) is here to stay. Dubai has promised to replace all government systems with DLT-based digital structures by 2020, indicating that DLT will grow over time. While the transition from a paper-based to a digital system has been going on for a long time, DLT offers the confidence, immutability and transparency these systems desperately need. – Rohan Pinto 1Kosmos BlockID
3. Standardization and collaboration
One of the areas of progress in blockchain will be the standardization of interoperability between the various blockchains. While it is inevitable that there are several blockchains with a specific commercial purpose, the real benefits for the consumer or business will be realized when they are able to "collaborate" in an open standard. – Thiru Sivasubramanian SE2, LLC
4. A growing need for credible cryptographic support
Money, regardless of whether it is physical or digital, it needs credible support. When there are no trusted parties managing transactions, then a distributed ledger becomes the key, like blockchain . However, if a cryptocurrency is an official currency, there are already technologies to ensure transaction integrity and to prohibit the tampering of transactional data. – Claus Jepsen Unit4
5. A potential ecosystem of specialized chains
The defunct cryptocurrencies have created a significant amount of "public technical debt" and their smart contracts could still be activated. While we calibrate and confirm cases of industrial use – exchange of health information and assumptions of encrypted credits, for example – we will probably end up with an ecosystem of specialized chains, operating security and chains of utility in parallel. – Florian Quarre Ciox Health
6. Ultimate Transparency Across Industries
The Blockchain structure is built as a distributed ledger that guarantees complete privacy and control of all data to all users. Any changes to the blockchain are always completely transparent and accessible to the public. The use of a single publicly available digital ledger simplifies the identification of cyber-piracy attempts, while at the same time reducing the disruption associated with systems containing multiple registers. – Antonio Altamirano Tangelo Technologies
7. Negotiation and autonomous commerce
Blockchain [19659005] technology is progressing actively. After the foundations for distributed consensus and value exchange, we already see the first steps towards the security of distributed data and common standards, which aim to distribute autonomous applications in a few years. This opens up opportunities for autonomous negotiations and exchanges between applications that can make markets more efficient. – Bruno Guicardi CI & T
8. Blockchain – Security measures based on [19659016]
I see that it focuses more on the powerful potential of blockchain for financial and non-financial applications. More investments are made to build tools and platforms built on blockchain for verification of identity, other security measures, contracts, payments and more. – Chalmers Brown Due
9. The cryptocurrency is going through the normal cycle of the product
L & # 39. Inflation and deflation of a bubble do not mean that an industry is not worthy. People only get excited because they see enormous potential in a product or service. In this cycle of deflation-inflation, we should not be surprised to see some dead potatoes. Cryptocurrency and blockchain have immense potential and we will see it in the coming years. It only takes time, as all the beautiful things in life do. – Vikram Joshi pulsd
10 . Continue Maturity And Strength Of Blockchain
Like blockchain technology that supports not only cryptocurrency but many other business applications, matures, we are already seeing true value emerge. The impact of distributed register technology can be greater than everyone understands – it has the potential to change the economy, business and society, and we are just starting to scratch the surface of what is possible. – Allison Clift-Jennings Filament
