Follow us on or join ours

According to some experts blockchain revolution in 2019 year slowed down a little, and contributed to this, among others negative opinions about this technology and regulatory problems are spread. So the question is what will it be for blockchain this year, will it really plunge into crisis or will it face challenges?

Further blockchain future - opinions are divided

The greatest admiration for blockchain technology seems to be behind us. IN report prepared by the Gertner Group, even some sort of blockchain fatigue has been noted.

Other experts point out, however, that many solutions have not been implemented, which can push this technology to the margins.

On the other hand, as noted at the annual conference World Economic Forum, hundreds of production systems in various industries are based on block chains.

What's more, new blockchain platforms are constantly emerging, which proves the growing interest in this solution, and not only companies but also governments of many countries are turning towards block chains.

Three challenges for blockchain in 2020

On the one hand, therefore, the crisis of blockchain technology is forecast, on the other, its wider use is being observed. None of these positions can be clearly denied, because the further fate of this solution depends largely on how it will meet the challenges it faces, and three of them seem to be of the greatest importance.

First of all, blockchain has a problem with PR.

This concept, despite a number of benefits that it brings, is still associated with crime and the dishonest method of making big money.

Already, many institutions associated with this technology take various initiatives to change this state of affairs.

Secondly, blockchain must meet regulatory issues.

Regulators are committed to protecting consumers and markets, which seems perfectly natural. Too much distance from technology that raises such interest of market participants, however, may lead to stunted economic growth and limited innovation.

Hence, it can be assumed that the country that will be the first to develop a blockchain-friendly jurisdictional model, while ensuring adequate protection for consumers, will derive tangible benefits from economic growth.

Thirdly, blockchain technology still seems to be insufficiently mature.

First of all, areas such as interoperability, scalability, usability and security need to be improved, including data rights.

How blockchain will meet these tasks cannot be clearly predicted, but there are many indications that this technology will not only enjoy great interest, but will also enter new areas, providing a great opportunity for economic development, both on a global scale as well as for individual countries. is a cryptocurrency site run by a crypto team of enthusiasts. The main area of ​​our interest are cryptocurrencies, tokens, personal tokens as well as blockchain technology. On the pages of our website we will present independent cryptocurrency reviews and interesting articles from the market. In addition, we present the current rates of all critics. The site also has a multi-functional cryptocurrency calculator as well as traditional currencies.

The information published on the cryptocurrency website are not financial recommendations and do not constitute investment recommendations within the meaning of the Regulation of the Minister of Finance of 19 October 2005 on information being recommendations regarding financial instruments, their issuers or issuers (Journal of Laws of 2005, No. 206, item 1715). The information published on the pages of the portal does not constitute an offer. is not responsible for any decisions taken under the influence of data presented on the Website. Portal does not bear any responsibility for the possible use of information on the website.

Investments in OTC market instruments, including currency exchange rate (CFD) contracts, due to the use of the leverage mechanism, entail the possibility of incurring losses exceeding the value of the deposit. It is not possible to make a profit on transactions on OTC instruments, including currency exchange contracts (CFDs) without risking a loss, therefore contracts for exchange differences (CFDs) may not be suitable for all investors.

© Copyright 2019

My Newsletter

Sign Up For Updates & Newsletters