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Governments will be more open to Adopting Blockchain
The concept of the digital, immutable, and shared database and its various security features have forced governments to consider incorporating it for data storage on such a system.
For instance, Estonia has already begun using blockchain technology with X-Road. It’s a decentralized database used to store the credentials of all citizens.
Decentralization will Rule
Cryptokitties is the first Ethereum-based dApp (Decentralized Application). The game was played to collect and breed digital cats.
Crypokitties failed to achieve the expected popularity, but it did bring an idea that caught the attention of blockchain developers. Developers were quick to realize the potential of the Ethereum network and dApps in general.
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Blockchain will Cause Disruption in Various Industries
Over the internet, the word ‘blockchain’ is mainly associated with ICOs, Bitcoin, and everything surrounding cryptocurrencies.
Although it is one of the numerous blockchain applications spreading like wildfire, the Fintech sector is one area where Blockchain has caused the most disruption.
Not only this but the supply chain and logistics (shipping) industry have also profited from it. With blockchain-based supply chain development solutions and services, you can track data related to shipping and goods transportation via an immutable public ledger system.
Other industry sectors moving toward blockchain adoption include cybersecurity, insurance, healthcare, etc.
So, it’s safe to call that industry disruption by blockchain is one of the right blockchain predictions for 2019. We shouldn’t be amazed to see blockchain virtually taking over almost every industry.
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The Bottom Line
After thorough research and data gathering, we have prepared this list of the most reliable blockchain predictions for 2019.
It has now become significant that 2019 is also going to be Blockchain’s year. It will revolutionize business operations for various industries.
However, global adoption would require a great deal of effort and time.
Further, amidst all the cryptocurrency and blockchain predictions for 2019, there’s one thing that we know for sure – crypto and blockchain adoption is rapidly growing.
Indeed, be ready for a decentralized world, a world that’ll be run by blockchains.
Interested in developing a blockchain-based solution? Connect with our blockchain developers.
