Bitcoin introduced blockchain to the world. By mid-2018, the tech behind the cryptocurrency has gained immense popularity. It has garnered interest from various industries that are not just limited to cryptocurrencies.
Let’s take a look at some of the major trends that are currently impacting blockchain technology.
#1 – Waves of new regulations
Volatility and safety are two major concerns that regulatory authorities are still grappling with when it comes to cryptocurrencies. The World Economic Forum plans to take steps to prevent any illegal activities surrounding cryptocurrencies. The central banks and regulatory authorities cannot control the mechanism, hence they are trying to control the illegal market activity. Proper implementation can help eliminate illegal activities from the crypto network.
#2 – The digital future
Blockchain is capable of changing the services provided online. For example, Selfllery, an online picture sharing platform allows users to upload and share pictures in return rewarding them with cryptocurrencies. Not only this, blockchain can shape the future internet in different ways. Internet is a vast resource of data which can be managed by blockchain in the years to come.
#3 – Hiring more blockchain experts
Blockchain technology shouldn’t just be limited to cryptocurrencies as it proves to be helpful across different fields. Many banks have started to look for blockchain experts so that they can incorporate that technology into their infrastructure. Banks like blockchain for their ability to keep a secure record of all transactions.That’s why, there’s a rising demand for those professionals who have an in-depth understanding of blockchain and its implementation. If you’re interested in learning more about how blockchain works, you can sign up for online courses or update yourself with the daily on-goings of the crypto world. Unocoin also offers several courses and daily updates.
#4 – Blockchain for future generation
The coming generation will be the people who haven’t ever moved beyond the internet. According the Accenture, this Gen-Z will make up 40% of total customers in the USA by 2020. For seeking the attention of such tech savvy public, it a change in the UX and shift from the present to more advanced tech that will be required. This power of transformation lies in the hands of blockchain.
#5 – Blockchain, AI and IoT: tech of the future
The emerging technologies – Artificial Intelligence (AI), Internet of Things (IoT) and blockchain are going to become the technologies of the future. Integration of these technologies into business operations is inevitable. IoT will make the infrastructure more user friendly, AI will be able to handle the organisation’s work efficiently and blockchain is needed to keep everything in one place. It’s the glue sticking everything together.
#6 – Future cryptocurrencies
All of it began with cryptocurrencies and we need to know what’s going to happen in future. With such high volatility, people don’t prefer transacting with cryptocurrencies. For solving this issue, many startups aim to launch a sturdy breed of cryptocurrencies, ‘stablecoins’ in future.
Blockchain technology has become an inevitable part of technology advancement. It can do wonders if implemented properly.
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