The blockchain is an important element when it comes to the technology industry. Also, people have been looking into it due to its secure assets. Let's dive deep and look at the latest trends.
2. Introduction
● 2018 was the biggest year for blockchain.
● Organisations across many industries are using this
technology to create new revenue streams.
● It is one of the most important element when it comes to
the technology industry.
3. Blockchain
● This technology permanently records the entire history of
a coin’s transaction reducing redundancy.
● Due to security measures, this prevents third-party
hackers from tampering the information.
● People have been looking into the blockchain technology
due to secure assets.
4. Blockchain Trends in 2019
● Improved relations between banks & traders: By
introducing the new security features like BIN checker
blockchain can be integrated into the financial sector.
● Blockchain can benefit banks by the introduction of hybrid
blockchain technologies.
● Experts also proposed a hybrid blockchain that allows
users to organize data within a block into separate
categories.
5. Continued
● Evolution of tokenization to include financial assets:
For the purpose of regulation tokenization is currently
being studied.
● Many trading platforms are changing their system to adapt
tokens.
● This token development will be considered as the most
crucial part of 2019 as financial technology companies are
sending appeals to government to consider token as an
efficient way to trade.
6. Continued
● Advancing regulations involving blockchain
technology: Before there were no regulations involving
the use of blockchain technology but now the companies
are using in order to generate funding for their projects.
● One of the famous method is in the form of ICO.
● ICOs are the financial assets that private companies offer
to investors in order to raise the funds for projects.
7. Continued
● Introduction of Ricardian Contracts: In 2019, the need
for Ricardian Contract is introduced by certain companies.
● This is a human-readable legal agreement which means
that both parties will agree upon a set of terms.
● These terms are converted into a machine-readable
contract that binds together both the parties.
8. Conclusion
● Various financial institutions are slowly embracing this
blockchain technology.
● Other industries will follow these suits soon.
● We can say that 2019 will be the year of game changers
along with exciting projects that are worth investing.