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There are already many companies and technology startups on the market using blockchain-based solutions, i.e. a decentralized database operating without central computers and a central storage location.

The main applications are found on this technology cryptocurrency market. For example, protocols are based on blockchain technology bitcoin i Ethereum. Digital wallets, cryptocurrency exchanges and all payments are serviced.

Blockchain it is used for księgownia transactions, payments and records encoded with cryptographic algorithms, and these transactions are digitally signed using a public key. And while these transactions are public, users remain anonymous. Due to the fact that transactions are dispersed and are not monitored by the main intermediary, blockchain technology is resistant to cyber attacks and IT failures.

There is no need for an intermediary institution verifying the transaction data and confirming the data of its participants. Thanks to this, the costs of transactions are lower and the efficiency is very high.

The potential of blockchain-based systems is huge and more and more large enterprises want to invest in this technology.

The number of all kinds of research and development projects is increasing, which are expected to change the current business processes into more efficient and less expensive ones.

Interest in this technology also increases in the sector games and e-commerce.

Blockchain technology is used in running accounting databases, including accounting and auction books, as well as stock exchange transactions without intermediaries or in electricity trading.

In the future, the blockchain system will be necessary for running and viewing land and mortgage registers excluding the notary and courts of land registers as well as creation register of car owners, monitoring the history of their purchase and sale, as well as payment insurance.

Blockchain trends in the 2019 year

It is anticipated that the development of blockchain technology in the 2019 year will consist of:

• Using this technology in an increasing number of different solutions, for example on the insurance market, where performance gains can be achieved and there will be no delays associated with the need to control business processes.
• Concentration on the potential machine learning and creating solutions capable of automatically making decisions. It will be possible, for example, to sign contracts or give consent to insurance.
• Data management according to the "smart contracts" principle in the field of financial services such as, for example, financial statements and loan agreements
• Creating the right industry standards and presentation of new platform solutions by the largest companies in the world.
• Identity management, that is, access rights to information resources, based on blockchain technology.