The
blockchain technology first initiated its official introduction almost a decade
ago in the year 2009 and since then, we have witnessed the transformation of the
blockchain right in front of our eyes. From the retail sector to the field of
Healthcare and Medicine, blockchain
technology has created its way into multiple industry verticals.
If
we glance at the best time of this emerging technology, we only have to focus
on the last five years. This is because ICO carried the very first time by Mastercoin
in the year 2013 and just a year later one of the most famous Japan-based
bitcoin exchanges, My Gox failed.
2015
was the year when Ethereum was originated with its new Smart Contract
functionality and then in the same year, Coinbase gathered a total of $75
million. And in just a span of two years, the tech giant IBM made a huge
statement of collaborating with European banks in order to make a
blockchain-based financial trading platform. With that being said, let’s talk
about the top emerging blockchain trends in 2019 that will give us more
insights about the future of blockchain.
1.DECENTRALIZED
EXCHANGES
Today,
the top crypto exchanges are centralized companies that are formally organized
and obedient with federal and state regulations.
A
new collection of companies, dubbed “decentralized exchanges,” plan to utilize
blockchain technology to facilitate exchange without a centralized middleman.
The SEC’s clampdown on these companies has many examinations whether
decentralized exchanges can anticipate by US securities regulations. As the
decentralized concept flows, expect regulatory questions to draw more awareness
and scrutiny this year.
2.Security
tokens
It
was not a pleasant time for ICO projects which worked with utility tokens
distribution. About half of all projects on the market seemed to be scams.
Utility tokens are not substantial enough for institutional investors.
Furthermore, ICO isn’t monitored and is considered as ill-gotten gains. All
these factors influenced the market and caused a strong slowdown.
So
now it’s time for security tokens to come in. Security tokens are regulated as
company shares which redefines the raising money process and protects
investors’ rights. What’s more, security tokens are utilized in tokenizing
physical assets as real-estate, piece of arts and so forth. So we’ll surely
meet a shift in blockchain investment trends from Initial Coin Offering to
Security Token Offering.
3.
Apps will be built on blockchain technology
Mobile apps development company in Dubai, USA & other countries across the globe will build apps on
blockchain technology, moving away from the proof-of-concept stage and into
widespread adoption as they start to recognize the cost savings and enhanced
security they can achieve. In fact, it’s foretold that blockchain application development will
transform technological advancement. These apps might have wide use such as
cybersecurity or be niche-focused
4.Blockchain
as a service(Baas)
One
of the emerging blockchain, trends is BaaS – a cloud-based service enabling
users to create and examine their own blockchain solutions e.g. smart contracts
or applications. It gives the opportunity of establishing blockchain without
dealing with its complex infrastructure or investing vast amounts of money in such
development.
The technological progress of recent years headed to the arrival of new programming
languages enabling easy-multithreading solutions. Moreover, a new blockchain
development trend is the movement towards microservice architecture centred on
event-driven and decentralized solutions. So, the tendency is obvious – we are
heading to SaaS and BaaS solutions.
There
are previously a couple of BaaS solutions performing given by such companies as
Amazon, Microsoft, Oracle, HP, and IBM. And for sure, we’ll see this blockchain
transforming technological trend growing.
5.
Blockchain will beef up the Internet of things
Blockchain
technology will enhance the Internet of Things (IoT) where apps must run
anywhere by building trust, decreasing risk, reducing costs, and speeding up
transactions. In 2019, it’s expected that 20 percent of all IoT deployments
will have at least basic levels of blockchain development services enabled.
6.
Hybrid Blockchains
Next,
in the list of new blockchain technology in 2019 is hybrid blockchain which can
be simply described as the blockchain that tries to use the most appropriate
part of the public as well as the private blockchain solutions.
If
we opt for an example of an ideal world scenario then the hybrid blockchain
will be mainly managed across various platforms. On the other hand, there are
some processes for whom the processes are declared as private while the others
continue public.
Conclusion:
So
there are lot of benefits that a company get from blockchain technology. In
future also there will be a demand for blockchain. So use blockchain technology
for development and hire the top
blockchain developer for your business.
For More development services on various technologies or platforms
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