Blockchain has seen steady growth in several industries in the last few years. Its potential has already made it an integral part of various industries like healthcare, cryptocurrency, and many others.
With secure record-keeping becoming a necessity, blockchain has emerged as the go-to technology because it offers excellent security. Moreover, it is constantly evolving to improve its security features. So, if you want to know the blockchain trends that will rule the rest of 2019, here are a few things to keep an eye on.
1. Introduction Of Security Tokens
The use of utility tokens saw a significant dip in 2018, and that opened the gates for security tokens. Blockchain was awaiting the involvement of institutional investors, and with the introduction of security tokens, the game just got easier. Now, people are more focused on digital assets because they are backed by security tokens.
So, if you consider investing in a few cryptocurrencies to improve your digital assets, you can check their value using trading indicators like Bitcoin Compass System so that you get the best returns. Most crypto exchanges are now getting regulatory clearances for security tokens, and by the end of 2019, it will be legalized in almost all the platforms.
Blockchain as a service (BaaS) offers customers the chance to use a cloud-based solution so that they can create, manage, and maintain their individual blockchain. This will help startups to host their own blockchain app, allowing them to introduce smart contracts.
These are protected by the blockchain algorithm and will run on a single network, making all the necessary activities and tasks faster. Experts believe that once this facility operates on a global scale, more companies will emerge and adopt blockchain for their business activities.
3. Shift To Digital Assets From Crypto Assets
With the crypto market slowly progressing towards security tokens, there are high possibilities that most of the well-performing assets that lacked liquidity will soon be tokenized. Investors are on high alert, and they are already searching for alternative class assets. According to experts, digital assets will be the answer to these problems.
But they believe this is a good problem because although the market is slightly going downhill now, it will reverse and take a steep uphill curve once the tokenization is able to afford public market listings. This will have a positive impact on real estate assets and small-medium enterprises as they will have more potential to grow using digital assets.
4. Interoperability Between Blockchains
2019 will be a revolutionary year where new blockchain networks will enter the market. This will help to improve network processing and increase the speed of transactions. The use of blockchain interoperability also improves security when you share information across diverse networks.
For example, you will now be able to send information to and from EOS to Ethereum using the new and more secure network. The rise of blockchain is a step towards ensuring safer network usage because as we move into a more digital world, the security and safety of personal information will become more crucial than ever.
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